Business

IMF: Gas Prices Don't Reflect True Costs

The IMF says that price of gasoline in the U.S. covers the cost of producing and distribution gasoline but it doesn't reflect the costs that gasoline consumption imposes on society — in the form of traffic, congestion, pollution and global warming. Linda Wertheimer talks to David Wessel, economics editor of The Wall Street Journal, about a new IMF report on energy subsidies.

Looking For 'Oxygen,' Small Papers Erect Digital Pay Walls

The Washington Post and the San Francisco Chronicle are the latest big newspapers embracing a pay model for Web content that had been free. But around the country, more small papers, like the Chinook Observer in Washington state, have also started charging for their digital content in a bid for economic survival.