I'm not sure this has anything to do with Managerial Economics but maybe somebody can make a connection here.
The number of sales for beer the first hour on Sunday totaled more than some entire days. I bet a lot of people were pretty wasted that Sunday. Were people really craving the taste of beer or were they just influenced by the power of medias effect on supply and demand?
As we continue our war in Iraq critics seem to be losing any credibility in going to war over a hunch that a country may have nuclear weapons. Iran has become a suspicion and there are actions being made in trying to control their ability to enrich uranium. In a recent article printed in Newsweek, http://www.msnbc.msn.com/id/9454837, Iran offers their side of the story of purpose of having these nuclear reactors and their reason for mining and enriching uranium. From the article it states that they are developing the use of uranium in order to begin using it for energy such as electricity. This usage is becoming more and more known worldwide. They state that recent jumps in oil prices show the reality of the limited resource of oil and that someday we will need alternate ways of producing energy in mass quantities. They state that they are putting their efforts soley in this purpose. Although the hunch of Iran using their efforts in a terrist way is there, there is no proof of any development of war heads or even the components thereof. This article made me ask myself what if the energy crisis solution lies in a smaller country rich in uranium such as Iran and not in a country known to be more technologically advanced like the US. And why shouldn't we allow them to develop this energy source at the expense of their own country and resources. By all means the threat of nuclear war should not be overlooked, but also shouldn't the fact that we may need such an energy source to supplement oil. Maybe we should focus our efforts worldwide in controlling nuclear threats and allowing countries to develop it in the strive for new ways of producing power. It could be for the good of their people and possibly to world to develop this unlimited power source.