Average Food Prices: A Snapshot of How Much Has Changed Over a Century

In January 1913, when the U.S. Department of Labor was formed, the buffalo nickel would soon replace the Liberty Head nickel, women were protesting for the right to vote, and a family could buy a pound of potatoes for less than two cents. Fast forward 100 years to January 2013, when the U.S. Department of Labor is a century old, credit cards and online purchases are the more common forms of payment than the cash purchases of 1913, a record number of women are elected to Congress, and a pound of potatoes now costs 62 cents. These historic comparisons show how much has changed in the United States, and food prices have changed as well. To examine prices over time, the U.S. Bureau of Labor Statistics (BLS) has Consumer Price Index (CPI) data going back to January 1913 and a few average prices going back to at least that far. This article summarizes some average food prices over the last century. Table 1 lists selected food average prices a century apart

The Consumer Price Index and the ‘Median CPI’

The broadest measure of consumer price change is the Consumer Price Index for All Urban Consumers (CPI-U), published each month by the U.S. Bureau of Labor Statistics (BLS). Shortly after the publication of the CPI, the Federal Reserve Bank of Cleveland publishes its ‘median CPI’. This article summarizes the difference between these two measures of retail inflation

Reconstructing Climate Policy: Beyond Kyoto

In their comprehensive analysis of the Kyoto Protocol and climate policy, Richard B. Stewart and Jonathan B. Wiener examine the current impasse in climate policy and the potential steps nations can take to reduce greenhouse gases. They summarize the current state of information regarding the extent of global warming that would be caused by increasing uncontrolled greenhouse gas emissions. They explain why participation by all major greenhouse gas-emitting countries is essential to curb future greenhouse gas emissions and also note the significant obstacles to obtaining such participation. Stewart and Wiener argue it is in the national interest of the United States to participate in such a regime, provided that it is well designed. They discuss the elements of sound climate regulatory design, including maximum use of economic incentives, the comprehensive approach, and other flexibility mechanisms; participation by all major emitting countries, including developing countries; regulatory targets based on longer-term emissions pathways set to maximize net social benefits; and effective arrangements to ensure compliance with regulatory obligations by nations and sources. After evaluating the successes and failures of the Kyoto Protocol in light of those elements, the authors propose a series of U.S. initiatives at the international and domestic levels, with the aim of engaging the United States and major developing country emitters such as China in the global greenhouse gas regulatory effort and correcting the remaining defects in the design of the Kyoto Protocol. Although several alternatives to the current Kyoto Protocol regime have been proposed, Stewart and Wiener argue that the best approach for surmounting the current global climate policy impasse is a new strategy that would lead, sooner or later, to simultaneous accession by the United States and China (and other major developing country emitters) to a modified and improved version of the Kyoto Protocol agreement

Reconstructing Climate Policy: Beyond Kyoto

In their comprehensive analysis of the Kyoto Protocol and climate policy, Richard B. Stewart and Jonathan B. Wiener examine the current impasse in climate policy and the potential steps nations can take to reduce greenhouse gases. They summarize the current state of information regarding the extent of global warming that would be caused by increasing uncontrolled greenhouse gas emissions. They explain why participation by all major greenhouse gas-emitting countries is essential to curb future greenhouse gas emissions and also note the significant obstacles to obtaining such participation. Stewart and Wiener argue it is in the national interest of the United States to participate in such a regime, provided that it is well designed. They discuss the elements of sound climate regulatory design, including maximum use of economic incentives, the comprehensive approach, and other flexibility mechanisms; participation by all major emitting countries, including developing countries; regulatory targets based on longer-term emissions pathways set to maximize net social benefits; and effective arrangements to ensure compliance with regulatory obligations by nations and sources. After evaluating the successes and failures of the Kyoto Protocol in light of those elements, the authors propose a series of U.S. initiatives at the international and domestic levels, with the aim of engaging the United States and major developing country emitters such as China in the global greenhouse gas regulatory effort and correcting the remaining defects in the design of the Kyoto Protocol. Although several alternatives to the current Kyoto Protocol regime have been proposed, Stewart and Wiener argue that the best approach for surmounting the current global climate policy impasse is a new strategy that would lead, sooner or later, to simultaneous accession by the United States and China (and other major developing country emitters) to a modified and improved version of the Kyoto Protocol agreement

Reserve requirements: A modern perspective

The discussion in many money and banking textbooks would suggest that the Federal Reserve requires depository institutions to hold a minimum level of non-interest-earning reserves because (1) reserve requirements are a monetary policy tool that allows the Fed to expand the money supply and lower interest rates, and (2) reserve requirements improve the safety and soundness of depository institutions. This article argues that this "conventional wisdom" view is too narrow. ; The Fed often uses reserve requirement changes, the authors contend, to achieve non-monetary-policy objectives, as it did in 1992 to improve the profitability of depository institutions and ease the credit crunch of that time. The authors also challenge the notion that higher reserve requirements necessarily lead to greater safety and lower default risk for depository institutions. ; The article examines the relationship between reserve requirement changes and monetary policy, with the aim of demonstrating the recent, limited usefulness of reserve requirements as a monetary policy tool. The article proposes a more modern view of reserve requirements as a tax on depository institutions, ponders who really bears this tax, and summarizes a large and growing literature suggesting that perceived bank profitability is inversely affected by announced changes in reserve requirement ratios. The article also provides new evidence that the 1992 reserve requirement reductions were not associated with an increase in default risk for financial institutions that issue reservable instruments, as the conventional view would suggest.Monetary policy ; Financial institutions ; Bank reserves

Theatre as an intervention for empathy development among undergraduate students

Empathy is the ability feel into, or put oneself in the place of another. It is the ability to walk in someone else’s shoes. Studies have shown that this ability is decreasing among today’s college students and on the rise as a desired trait for today’s leaders. This dilemma provides an interesting opportunity to explore how institutions of higher education can help develop the leaders of tomorrow by increasing empathy among students. Specifically, this research explores theatre as an intervention for empathy development among college students. Theatre, as a program of study, is unique within the college experience in that students have a greater opportunity to develop mature interpersonal relationships and authentic leadership via the collaborative, interpersonal, and often self-reflective nature of the coursework. Theatre students regularly engage with other students, faculty, and audience members and use self-reflection in the exploration, creation, and presentation of their art. This study uses the development of mature interpersonal relationships and authentic leadership as a theoretical framework to show how confidence, affective identity, communal identity, and theatre as a collaborative art form can help develop empathy among college students. Structural equation modeling is employed to examine an empathy development path model, with theatre engagement as a mediating variable. Results indicated that the hypothesized model is a plausible representation of theory and, for the given sample, empathy was positively associated with a nearly one-third standard deviation for every standard deviation increase in theatre engagement. The implications of this research and future research opportunities presented are many and varied. Researchers, parents, students, educators in theatre and business programs, business leaders, and administrators in institutions of higher education can all benefit from the results and any future studies stemming from it

Enjoyment Based Motivation and the Enjoyable Exercise Experience in a Generation Y Sample: A Mixed Methods Approach

Individuals who choose to live a healthy lifestyle often have different preferences for a variety of exercise activities, exercise settings and eating plans. In fact, numerous researchers have examined the preferences of individuals in diet and exercise programs from past generations (Daley, Copeland, Wright, & Wales, 2008; Ekkekakis, Hall, & Petruzzello, 2005). Numerous research studies have examined the correlation between exercise adherence and exercise enjoyment (Bartlett, Close, Maclaren, Gregson, Drust, & Morton, 2011; Ebben & Brudzynski, 2008; Fleig, Lippke, Pomp, & Schwarzer, 2011; Frederick-Recascino, 2002; Leslie, Owen, Salmon, Bauman, Sallis, & Lo, 1999). However, little research has been found investigating the optimal exercise experience of the current college aged generation. The first purpose was to compare obese and nonobese members as well as sufficiently and insufficiently active members of Generation Y on Enjoyment Based Motivation (EBM) to exercise. Results suggest that there is not a significant difference between obese and non-obese members of Generation Y on EBM. EBM was found to be significantly higher active members of Generation Y when compared to insufficiently active members. The second purpose was to describe what the enjoyable exercise experience of the millennial generation is through an existential phenomenological approach. The second purpose revealed five themes: vigor, social relatedness, accomplishment, dissociation, and positive emotions. Implications from this study may benefit exercise psychology consultants, fitness professionals, and others involved in the exercise experience of members of Generation Y. Further research may explore how these results influence exercise adherence and possible interventions for fostering the development of the themes discussed in exercise experiences

A 50 year old with a rapid neuropsychiatric deterioration and choreaform movements

A 50-year-old man presented acutely to the hospital with behavioural disturbance, choreiform movements and profound nihilistic delusions. He reported recent drug and alcohol abuse, and also apparent involvement in several recent criminal activities, for which he felt he should be punished. He arrived alone at the hospital after a concerned neighbour had called an ambulance. His initial level of agitation prevented formal cognitive testing. However, he was alert, verbally responsive and could obey commands. He was afebrile with normal observations and normal plasma glucose. Although his examination was challenging, the only abnormal neurological findings were bilateral choreiform upper limb movements