http://money.cnn.com/2008/04/10/news/economy/schools_fuel/index.htm?cnn=yes
CNN once again stoops to using scare tactics about fuel prices.
Although no evil villain is targeted in this piece it is easy to guess
who CCN blames for this (based upon the number of pieces it has run
about oil company executives - who the regularly impugn as robber
barons).
Once problem the numbers they list don't add up. In the one article
the school district was complain about cost going up $70,000 dollars.
However, their buget is over $100,0000,0000.
That mean the district could not deal with a fluctuation that was only
0.07%% (that not 7%% but 7 hundredeth of a percent) of their budget.
For most organization/business if a fluctuation in expenses of 0.07 %%
put your company in financial peril, then it mean you were in
financial peril before the fluctuation. This is equivalent to a guy
who makes $50K a year getting an unexpected bill for $35. Yeah, you
might not like it, but how much is that $35 really going to affect you?
