The term sounds ominous, but it has a simple explanation. Demand destruction is, in economics, what happens when prices for goods are so high that people simply cannot afford them anymore, and they stop buying them. As prices get higher, demand plunges. The price of gas in the U.S. has been rising for months now, even before the Russian invasion of Ukraine. Despite a temporary drop in April that gave some respite to drivers....
The last three months have seen a spike in fuel prices, hitting a national record high of $5.02 per gallon on June 14, posing a political problem for President Joe Biden’s administration. But since that high, the national average has started to fall, dipping to around $4.72 on Friday, according to the American Automobile Association (AAA), and there is some optimism that prices could go down even further. Biden has blamed Vladimir Putin’s invasion of Ukraine for the sky-high prices and it is certainly a factor with the Biden administration saying the war has raised gas prices by more than $1....
A glitch in the system at an Arco station in Yakima, Washington, moved prices to rock-bottom levels on Saturday night, with one photo published by KIMA-TV showing a pump with a cost of $0.46 a gallon. Word about the error spread throughout the Yakima area online, KIMA reported, causing the station to be swarmed with customers. While most were excited to take advantage of the situation, others were not so enthused, lamenting how people “came together to rip off a business....
Given the scope of the procedure, as well as the changes that need to be made afterward, the recovery period is particularly critical. This time involves careful monitoring and follow-up as well as significant dietary and lifestyle changes. If you’re thinking about gastric sleeve surgery, it’s important to understand what recovery and rehabilitation look like. Surgery Follow-Up In most cases, patients recover in the hospital for at least two nights following gastric sleeve surgery....
Recall Gavin Newsom launched last year and amassed more than 900,000 signatures by the end of December. The recall campaign said it collected more than 1.4 million signatures by early February and gathered a total of 1,509,000 signatures by Friday. State law dictates that a recall campaign must gather support from a specific number of registered voters in order to trigger a recall. In this case, valid signatures from 1,495,709 California voters—a number equivalent to 12 percent of the votes cast in the election Newsom won to become governor—from at least five counties needed to sign the petition by the campaign’s March deadline....
Porn is anything that separates sex and love. Porn is protected, and should be protected, by the First Amendment, but porn is built on the view that sex is just a physical need—like eating, defecating or burping—and this view is not just spiritually corrosive, it is a lie. It may well be true that for other animals sex is just a physical urge. I believe that the human capacity to connect love and sex is our most distinctive human trait—more important by far than our opposable thumbs or our upright posture....
As career national security professionals who have long supported a diplomatic resolution to the war in Afghanistan, we write to congratulate you on the news that an agreement with the Taliban has been reached after nine rounds of intensive talks. Your administration deserves credit for opening a direct dialogue with the insurgent movement as the first step toward a peaceful settlement to the conflict. While the discussions over the last 10 months were difficult and painful at times, we have no doubt negotiations were the only conceivable way to address the causes and grievances that have fueled the war....
The fight will be for the IBF title stripped of Canelo Alvarez on Aug. 1 after he couldn’t finalize a matchup against Derevyanchenko (13-1, 10 KOs), the mandatory challenger. Because Golovkin (39-1-1, 35 KOs), the former champion, was next in the IBF middleweight rankings, he and Derevyanchenko were required to meet. MORE: Watch GGG vs. Derevyanchenko, and more than 100 fight nights a year, on DAZN “Everyone knows that I consider Madison Square Garden as my home away from home and there is nothing better than fighting there again....
The young royals processed into Westminster Abbey alongside their parents, the new Prince and Princess of Wales, and ahead of Prince Harry and Meghan Markle. The confirmation of their attendance came at 11:30 p.m. U.K. time when the order of service was released by Buckingham Palace with less than 12 hours to go until the start of Elizabeth’s final journey. George and Charlotte were seen arriving in a car with Kate Middleton and Camilla, Queen Consort at around 10....
Trump said on Friday that the two countries had struck a partial deal that would signal significant progress toward ending the long-running trade war between the world’s two biggest economies. “We’ve come to a very substantial phase one deal,” Trump said on Friday after a meeting with Chinese Vice Premier Liu He. “We’ve come to a deal, pretty much, subject to getting it written.” Trump said the deal, which would be completed in the coming weeks and signed in November, would have involved China agreeing to buy $40 to $50 billion of U....
Art Acevedo said during a news conference on Sunday that he had spoken with Floyd’s family and offered to have Houston police officers serving as a funeral security escort—an honor that is usually reserved for fallen officers. “If they give us that honor. Because we are bringing him home. We want to be part of that journey,” Acevedo said, according to Click2Houston. Acevedo later told CNN’s Don Lemon on Sunday night that he wants to ensure that Floyd’s family feels safe and supported by the police department....
George Foreman spoke with TMZ Sports about which boxer was better, and Foreman agreed with Mayweather. “Pound for pound, Floyd is better than me and Muhammad Ali ever were,” Foreman said. “This is a better generation by far. They’re smarter, they’re stronger, they’re overall just better fighters.” MORE: Win Pacquiao-Mayweather tickets | It’s a sellout | Prices going through the roof Foreman is a qualified subject for the topic. He is in the World Boxing Hall of Fame and the International Boxing Hall of Fame, and also fought Ali in the well-known Rumble in the Jungle in 1974....
Well, he made a huge misstep on Thursday when he sent out a tweet in support of Ray Rice, an NFL player who punched his wife in the face in a hotel elevator. Rice, who was released from the Ravens and suspended indefinitely, somehow elicited the sympathy of George. George sent out a tweet stating that, based on the video evidence, Rice made a mistake but didn’t look like a repeat domestic abuser....
Coach Paul Hewitt said Thursday that Okoloji's actions were "inexcusable and not what we expect from a George Mason student-athlete," but did not specify how long Okoloji will miss beyond the Patriots' next game (Sunday vs. Oklahoma). Collins was tripped from behind by Okoloji near the foul line, then was stepped on by Okoloji as Okoloji's momentum took him down the court. Okoloji was whistled for both a personal and a technical foul....
Santos was placed on the House Science, Space and Technology Committee and the House Small Business Committee by the House GOP Steering Committee on Wednesday. Earlier in the day, Speaker of the House Kevin McCarthy, who chairs the Steering Committee, announced that Santos would be seated on committees despite the congressman continuing to receive heavy criticism for extensively lying about his background before being elected. Santos, who has refused repeated calls to resign, is facing multiple ethical complaints and investigations related to his lies....
Georgetown is opening up next season’s court design to fan submissions. If you’re thinking about entering, you’d better make sure you appeal to coach John Thompson III’s tastes — he’s the final judge in the contest. MORE: 30 of the best teams to never win a title | Calipari never thought UK would lose “Coach is the one making the ultimate decision on it,” Georgetown director of marketing Chris Grosse told the Washington Post....
MORE: Trap games for 20 contenders | SN All-Americans Ledbetter was arrested early Sunday for driving under the influence and underage possession of alcohol, per jail records. He was booked in the Athens-Clarke County jail at 6:05 a.m. ET with bail set at $2,000 — $1,500 stemming from the DUI charge. A rising sophomore, Ledbetter was arrested in March and charged with two alcohol-related misdemeanors but later had the charges dismissed....
Jason Millen was fishing for bass at Lake Lanier, a reservoir in northern Georgia on Sunday, when he spotted something shining beneath the surface of the water. Millen realized it was a van, he told WSB-TV2 Atlanta. The vehicle was in a cove at the bottom of the lake, about 20 yards off shore, and in around 15ft of water. At the time, the lake’s water was low meaning the vehicle was revealed....
Representative Hank Johnson of Atlanta is among several House Democrats who are accusing Georgia Republicans of introducing new “voter integrity” bills which aim to end traditional get-out-the-vote campaigns in Black communities. Republicans, who control both chambers of the state General Assembly and the governor’s office, proposed a bill last week which would eliminate early voting on Sundays — a move Black church leaders say is aimed squarely at their recent efforts to boost voter turnout....
The bill amends the Georgia Code in order to “provide a method for the abolition of a county police department and 3 returning the law enforcement functions of such department to the sheriff of the county,” according to the bill’s text. If this law goes into effect, voters will get to decide via a referendum whether or not they wish to disband their county police departments. If the voters choose to eliminate their county police department, “the county police department shall be abolished 180 days following such referendum....
