Author Archives: Miguel Barrientos

A New Bubble in Commodity Prices

A quick glance at the commodity price index in our historical commodity prices section strongly suggests that a new bubble is forming. The graph below shows the price index for the past 15 years. The value for October 2010 is about the same as the value for December 2007. Note though that the index reached a similar high in April 2010, so it is also possible that commodity prices may fluctuate up and down for a while.

Commodity Price Index - Monthly Price - Commodity Prices

A clearer picture emerges if we look at the price of cotton over the past 25 years.

Cotton - Monthly Price - Commodity Prices

Cotton price is at an all-time high, at a level higher than the one it reached in May 1995.

Sugar Prices in Europe

The absurdities of the European system of sugar subsidies are highlighted today in a New York Times article. Rampant fraud and corruption plague a byzantine system of rules and regulations created to support a program that primarily benefits large multinational corporations. Because of the subsidies, consumers in the European Union pay an average retail price of $0.63 per pound, while the global average is only about $0.36 per pound.

The historical trend of the European wholesale import price can be studied in further detail in our commodities section. Click on the graph below to manipulate and download the data.

Sugar, European import price - Monthly Price - Commodity Prices

Official US Holidays 2010

The table below shows the list of public federal holidays for 2010. Note that Friday December 31, 2010 is also a holiday since January 1, 2011 falls on a Saturday.

Friday, January 1 New Year’s Day
Monday, January 18 Birthday of Martin Luther King, Jr.
Monday, February 15 Washington’s Birthday
Monday, May 31 Memorial Day
Monday, July 5 Independence Day
Monday, September 6 Labor Day
Monday, October 11 Columbus Day
Thursday, November 11 Veterans Day
Thursday, November 25 Thanksgiving Day
Friday, December 24 Christmas Day

 

The source for the list of public holidays is the United States Office of Personnel Management

2009 US Holidays

The following table shows the official United States federal holidays for 2009.

Thursday, January 1 New Year’s Day
Monday, January 19 Birthday of Martin Luther King, Jr.
Monday, February 16 Washington’s Birthday
Monday, May 25 Memorial Day
Friday, July 3 Independence Day
Monday, September 7 Labor Day
Monday, October 12 Columbus Day
Wednesday, November 11 Veterans Day
Thursday, November 26 Thanksgiving Day
Friday, December 25 Christmas Day

 

The source for the list of public holidays is the United States Office of Personnel Management

World Murder Rates

The number of intentional homicides by country, and the rate of homicides per 100,000 population is shown in the table below.

  Counts Rates per 100,000
Country 2005 2006 2005 2006
Algeria 204 214 0.62 0.64
Argentina 2,115 2,052 5.46 5.24
Armenia 55 75 1.82 2.49
Austria 54 61 0.65 0.73
Azerbaijan 192 190 2.30 2.26
Bahrain 4 7 0.55 0.95
Bangladesh 3,431 4,123 2.24 2.64
Belarus 836 734 8.53 7.53
Belize 81 92 29.40 32.67
Bolivia 478 454 5.21 4.85
Bosnia and Herzegovina 70 73 1.79 1.86
Brunei Darussalam 0 2 0.00 0.52
Canada 663 606 2.05 1.86
Costa Rica 338 348 7.81 7.91
Croatia 68 74 1.49 1.62
Cyprus 16 14 1.91 1.66
Czech Republic 104 136 1.02 1.33
Denmark 53 29 0.98 0.53
Dominican Republic 1,666 1,537 17.59 15.99
Ecuador 2,121 2,385 16.24 18.07
Egypt 364 440 0.50 0.59
El Salvador 3,779 3,927 56.67 58.07
England and Wales 766 755 1.43 1.41
Estonia 113 91 8.41 6.79
Finland 113 112 2.15 2.13
Georgia 403 323 9.01 7.29
Germany 780 727 0.94 0.88
Greece 127 109 1.14 0.98
India 32,719 32,481 2.88 2.82
Ireland 65 67 1.57 1.59
Italy 610 625 1.04 1.06
Jordan 67 100 1.21 1.75
Kazakhstan 1,804 1,729 11.86 11.29
Kenya 2,313 2,090 6.50 5.72
Kyrgyzstan 491 446 9.44 8.48
Latvia 130 148 5.65 6.47
Lebanon 94 23 2.34 0.57
Liechtenstein 0 0 0.00 0.00
Lithuania 369 277 10.77 8.13
Malaysia 497 604 1.94 2.31
Malta 4 0 0.99 0.00
Mauritius 37 50 2.98 4.00
Mexico 11,372 11,558 10.91 10.97
Monaco 1 1 3.08 3.07
Mongolia 310 311 12.01 11.94
Montenegro 22 25 3.62 4.16
Morocco 160 162 0.52 0.53
Nepal 564 509 2.08 1.84
Netherlands 197 159 1.21 0.97
New Zealand 61 47 1.49 1.14
Nicaragua 436 465 7.98 8.41
Northern Ireland 26 23 1.51 1.33
Norway 33 33 0.71 0.71
Occupied Palestinian Territory 145 3.85
Panama 364 363 11.26 11.04
Paraguay 887 742 15.02 12.33
Philippines 3,240 3,296 3.83 3.82
Poland 555 490 1.45 1.28
Portugal 175 227 1.66 2.15
Republic of Moldova 226 184 5.83 4.80
Romania 457 438 2.11 2.03
Scotland 81 109 1.59 2.13
Serbia 142 144 1.44 1.46
Singapore 21 17 0.49 0.39
Slovakia 72 65 1.34 1.21
Slovenia 20 12 1.00 0.60
Spain 405 336 0.93 0.77
Sweden 127 115 1.41 1.27
Switzerland 75 60 1.01 0.80
Syrian Arab Republic 206 239 1.09 1.23
Tajikistan 157 228 2.40 3.43
Thailand 5,141 5,023 8.16 7.92
The former Yugoslav Republic of Macedonia 44 41 2.16 2.01
Turkey 3,082 2,999 4.22 4.06
Turkmenistan 162 142 3.35 2.90
Ukraine 3,030 2,958 6.46 6.35
United Arab Emirates 56 39 1.36 0.92
United States of America 16,740 17,034 5.58 5.62


These figures are collected by the United Nations Office on Drugs and Crime through its Survey of Crime Trends. Its definition of intentional homicide is “death deliberately inflicted on a person by another person, including infanticide”.