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  • Recession Reins in the Inflation Grinch

    After several consecutive years of robust growth, the cost of Christmas took only a slightly larger bite out of the household budget this year. PNC Bank’s Christmas Price Index registered a 1.8 percent gain in 2009, as the economic downturn helped to restrain prices for many of the items that appear...
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  • LEDs Signal Traffic Nightmares

    As the first major winter storm of the season takes aim on the Northeast, energy-efficiency may be contributing to guaranteed traffic nightmares. LED traffic lights can't melt the snow and ice that encrust them. LEDs may use 90 percent less energy than incandescent bulbs, and municipalities may have...
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  • Signs of Life for Manufacturing Sector

    Now that the distortive effects of “cash for clunkers” have finally worked their way out of the data, we can make a better assessment of whether things are getting better or worse for the manufacturing sector. Well, so far so good. Total manufacturing output surged 1.1 percent during November...
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  • Christmas Season Made All the Brighter in the Modern Era

    And now, as the Christmas holiday is upon us, some pontification ... With all the nostalgia for past Christmases, when the holidays were less commercial, I'd like to suggest at least one advancement today: Christmas time is a much more colorful season in the era of electricity. The Christmas season...
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