
Last year, the average transaction price for a new car was just over $28,000.
How times have changed.
According to Consumerist, new car prices are now up nearly 7 percent to an all time high average of just over $30,000.
It seems that consumers are more willing than ever to add some extra bells and whistles to their new cars.
One factor may be the fact that people are now keeping their cars for a record amount of time; According to The New York Times, Americans are now keeping their cars for nearly nine years.
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North Korea reportedly tried and failed to launch a new rocket tonight. It only stayed in the air for 60 seconds before falling to pieces.
To put that flight time in perspective, here's a YouTube video of a kid throwing a paper airplane off a mountain. The plane spins in the wind and ultimately stays in the air for an 45-ish seconds.
Not too shabby, by North Korean standards:
BONUS
We originally tried to find a video of an epically long Frisbee throw for this post.
No such video exists.
But we did find this hilarious 1988 video of a guy trying to set the world record for longest Frisbee throw. It's the most '80s thing on YouTube:
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Amid all of the concerns regarding North Korea's rocket, Ian Bremmer has written a timely op-ed piece for the Financial Times.
Bremmer, one of the world's most respected geopolitical risk experts warns that we should be much more concerned about North Korea than we are of Iran or the rest of the Middle East.
Why?
We don't know.
We literally don't know.
From his op-ed:
The father knew the son would need help and he positioned his brother-in-law and the regime’s previous number two, Jang Sung-taek, to act as regent. Mr Jang is believed to have strong personal ties with senior officials of the Korean People’s Army, guarantor of North Korea’s baseline security. Also among Mr Kim’s “guardians” are army chief of staff Ri Yong-ho and Kim Jong-il’s sister Kim Kyong-hui. What is the true balance of power among these people? Outsiders have no reliable way of knowing.
That’s why, for the next few weeks, we should worry more about North Korea than about Iran. Compared with North Korea’s government, Iran’s theocracy is an open book. Bluster among players in the controversy over Iran’s nuclear programme has market watchers on edge, but the near-term risk of trouble here is over-rated. Americans and Europeans have little appetite for another Middle East conflict that’s sure to pressure oil prices and imperil their delicate economic recoveries. Israel is talking tough, but that’s at least in part to ensure maximum compliance with the next wave of soon-to-be-rolled-out sanctions. Iran has little interest in starting a war it can’t win. Real trouble will probably wait.
But apparent preparations for a North Korean rocket launch over the strong objections of the US and North Korea’s nearest neighbours remind us that Pyongyang remains uniquely unpredictable. South Korea and Japan have threatened to shoot the rocket down, but having made clear its intention to press forward, North Korea’s new government is in no position to cancel plans and lose face.
Read Bremmer's whole piece at FT.com >
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Source: http://feedproxy.google.com/~r/businessinsider/~3/n-rxr8DUXo0/ian-bremmer-north-korea-2012-4
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