In today's news: New home sales defy the experts, the U.S. is not the best place to live, oil speculators get arrested, coffee prices are going the way of oil prices, and your next car might have a "black box."
Sales of new single-family homes rose last month despite expert predictions they wouldn’t. “Sales increased 7.3 percent,” MSNBC reports. “Economists polled by Reuters had forecast new home sales unchanged.”
An international agency called The Organization for Economic Cooperation and Development has devised something called the “Better Life Index” – and we’re not No. 1. “The USA ranks high in many categories, but in overall ranking it trails Australia, Canada, New Zealand, Sweden, and Denmark,” USA Today reports.
For those of you who believe oil prices are manipulated by speculators, here’s more evidence in your favor. “Federal regulators charged five oil speculators Tuesday with manipulating the price of crude and making a $50 million profit from the scheme,” CNN reports.
Depending on your brand, your morning cup of coffee will cost more, and not just a little more. “J.M. Smucker said Tuesday the list price for most of its U.S. coffee products will go up 11 percent on average,” USA Today reports. That includes Folgers and Dunkin’ Donuts brands.
Airplanes have them, and soon all cars will too. The National Highway Traffic Safety Administration is considering requiring that all vehicles must contain an event data recorder, known more commonly as a ‘black box,’” Wired magazine reports. Devices that collect data have been installed in most cars sold in North America for many years, but the new rules will make it mandatory. .