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The US Cost of Living Crisis 2023-2025
02/24/2025
Cost of Living Crisis and huge gaps in income and wealth between the top 20 percent and the bottom 80 percent aggravate standards of living in America in a way not seen since the Second World War. About 45% increase in prices on cars, used cars, car repairs, housing rentals and groceries, in many household expenses, since 2019. Incomes of workers not having kept up with this kind of spiralling inflation. This is upending the social compact and leading to loss of faith in governments in the US and Europe. Change in governments in UK, France, Germany, and the US and a sense of unease among people.
Grouped Articles
Even Disney Is Worried About the High Cost of a Disney Vacation
WSJ 02/09/2025
Income and Wealth Gaps US 2025- Top 10 percent support 50 percent of consumer spending in 2024
02/24/2025
Top 20 percent in the US have $1.2 trillion in excess income savings and increased Net Worth to $35 trillion from 2019 to 2025. Bottom 80 percent have about $300 billion in excess income savings and increased Net Worth to $14 trillion in that period.
Grouped Articles
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/2025
Mitch MConnell, Mike Johnson, Pat Schumer and the effort to get Ukraine Aid passed through the US Congress in April 2024
04/26/2024
At a critical juncture which Lyrarc compared to the 1948 effort by Harry Truman to get Congress to support aid to Greece and Turkey. Devastated by the war Greece and Turkey's democracies faced an imminent threat from a Communist takeover supported by the Soviet bloc. Ukraine was at a critical juncture in the war with Russia when Biden met Republican Speaker Mike Johnson at the White House with Mitch McConnell and Pat Schumer in Feb 2024. Schumer said a lot of the credit goes to McConnell to convince 31 Republican Senators a majority of his caucus to support Ukraine Aid at a critical moment.
Grouped Articles
Aid to Ukraine seemed dead. Then secretive talks revived it.
Washington Post 04/25/2024
Bucking G.O.P. Isolationists, McConnell Was Linchpin in Winning Ukraine Aid
NYTimes.com 04/24/2024
‘Kharkiv Is Unbreakable’: A Battered City Carries On
NYTimes.com 04/24/2024
Opinion | Ukraine Aid in the Light of History
NYTimes.com 04/24/2024
Senate Approves Aid for Ukraine and Israel, Sending It to Biden’s Desk
NYTimes.com 04/24/2024
Speaker Johnson’s Ukraine Package Clears Key Hurdle With Democratic Help
WSJ 04/19/2024
Nuclear power in America in 2010-2013
10/16/2010
Grouped Articles
Nuclear power in America: Constellation's cancellation
Economist 10/16/2010
Constellation, EDF End Nuclear Venture
Wall Street Journal 10/27/2010
Zion Nuclear Plant to Decommission in Novel Way
New York Times 11/22/2010
Japan's nuclear industry: The risks exposed
Economist 03/19/2011
Japan's Ex-Premier, Naoto Kan, Condemns Nuclear Power
New York Times 05/28/2012
U.S. Federal Reserve's policy and actions in 2010-2013
08/27/2010
Grouped Articles
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
In Surprise, Fed Decides to Maintain Pace of Stimulus
New York Times 09/18/2013
Economists See Nominee as Slightly More Dovish Bernanke
Wall Street Journal 10/10/2013
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
The Yellen Fed? Precise and Predictable
New York Times 10/09/2013
The American Consumer in 2010-2013
07/29/2010
Spending habits in the post 2008 crisis period with a gradual recovery in spending but not enough of a recovery. And some erratic patterns in consumer behaviour of cost cutting on basic consumer goods and splurging on electronics and other goods.
Grouped Articles
Wall Street Journal 04/18/2013
BusinessWeek 07/29/2010
Tech Gadgets Steal Sales From Appliances, Clothes
Wall Street Journal 08/03/2010
Another Threat to Economy: Boomers Cutting Back
Wall Street Journal 08/16/2010
Battered, Bargain-Hungry Buyers Keep Retail Sales Weak
Wall Street Journal 08/14/2010
Retailers Are Sold on Frugality
Wall Street Journal 08/18/2010
The U.S. housing market in 2010-2013
05/27/2010
According to Karl Case its basically flat in 2010 and quite fragile, with a lot of inventory out there. By 2012 the situation had not changed much, except for Washington D.C. with growth in employment, and a small spurt in 2011 in Phoenix from out of state and Canadian buyers. Prices in Las Vegas and other cities continued to decline and there were fears of more homes being released by banks from foreclosed properties in judicial states such as Florida.
Grouped Articles
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
Progress on the appreciation of China's currency, the yuan, in 2010-2013
05/17/2010
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
Brawny Yuan Stands Apart from the Crowd
Wall Street Journal 12/10/2013
The Long View of Changes in Chinaâs Currency
New York Times 09/21/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
U.S. Strains Mount After China Devalues Yuan
Wall Street Journal 08/12/2015
The recovery of Ford Motor Company in 2009-2013
01/11/2010
Grouped Articles
Japanese Car Makers Lose Their Midsize Edge
Wall Street Journal 05/07/2013
Ford Clips Toyota's Wings in California
Wall Street Journal 07/17/2013
Wall Street Journal 10/26/2010
Wall Street Journal 10/26/2010
Wall Street Journal 10/27/2010
Ford Sees Industry Sales Rising
Wall Street Journal 11/03/2010
Bubbles developing in many countries in 2010-2013
01/17/2009
China being the largest bubble developing in mid 2010. The other bubbles developing in Brazil, Canada, India, and Australia.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
New York Times 08/22/2013
Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Canada Grapples With Housing Bubble Risk
Wall Street Journal 01/20/2016
Where Will the Next Financial Bubble Be?
BusinessWeek 05/06/2010
Consumer Spending in the U.S. in 2010-2013
01/06/2009
Grouped Articles
Wall Street Journal 04/18/2013
BusinessWeek 07/29/2010
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Changes in China's factories in 2010-2013. Changing manufacturing.
01/05/2008
Conditions at Hon Hai and a strike at Honda are part of a changing picture of worker dissatisfaction with wages and discipline at Chinese factories. The period of low prices and worker discipline of the kind that prevailed for several decades of industrialization appears to be closing. The Chinese government is also having second thoughts as America and Europe are no longer the growing markets they used to be, and as it weighs a policy shift to domestic consumption.
Grouped Articles
China: A Billion Strong but Short on Workers
Wall Street Journal 05/02/2013
China Manufacturers Survive by Moving to Asian Neighbors
Wall Street Journal 05/02/2013
China Factories Try Karaoke, Speed Dating to Keep Workers
Wall Street Journal 05/03/2013
Strains Show in China's Job Market
Wall Street Journal 06/11/2013
Wall Street Journal 12/21/2011
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
The growing low wage sector as downside of Germany's improving unemployment rate in 2009-2013
01/04/2008
The unemployment rate dropped to 7.6% in Germany in 2009 an 6.9% by 2013. Experts says this is a result of the rapid growth in the sector paying low wages.
Grouped Articles
'Minijobs' Lift Employment But Mask German Weakness
Wall Street Journal 05/29/2013
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/2013
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
German Recovery Spurs Push for Higher Pay
Wall Street Journal 09/09/2010
Europe Moving Toward Small Steps to Promote Growth
New York Times 05/10/2012
Why cost of living is destroying the social compact in the US and Europe and upending governments in 2024-2025
02/24/2025
Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.
Grouped Articles
Why There Is No Relief Ahead for High Used-Car Prices
WSJ 02/15/25
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/25
The week Kamala Harris became the 2024 Democratic nominee in 48 hours
07/25/2024
The two tumultuous weeks in July 2024 started with a sniper shooting at the former president, followed by the Republican Convention within days. The president's address calling for calm, Trump's 90 RNC address which rambled to veer off course. Second thoughts about Trump and Biden's age and calls by Democrats for Biden to withdraw after the faltering delivery in the debate. Biden has Covid and isolates for a few days. On July 22 around 1.45 pm Biden puts out a letter on X (Twitter) that he is withdrawing and giving his full support to Kamala. Within hours Harris has overwhelming support. The next day morning Harris has secured the delegates needed. By the 24th in 48 hours she has raised $250 million for the campaign and about 100,000 volunteers. A dizzying pace for 48 hours that riveted the attention of the American people and the world.
Grouped Articles
With Speech to Teachers, Harris Waded into a Fiery Education Debate
NYTimes.com 07/25/24
Kamala Harris: A woman of firsts – DW – 07/23/2024
dw.com 07/25/24
‘Capable’ Harris and Biden’s legacy: key takeaways from the president’s address
The Guardian 07/25/24
Biden Says He Will ‘Pass the Torch’ to Harris in Oval Office Address After Ending Campaign
WSJ 07/24/24
Opinion | Kamala Harris Confounds the Republicans
WSJ 07/24/24
President Biden Addresses the Nation
YouTube 07/25/24
America has forgotten it is American workers who built America
09/28/2023
Entry level tier wages for auto workers at $17 an hour in 2022 as the UAW union goes on strike in 2023. At $34,000 a year entry level young auto workers make less than the $35,000- 40,000 a year for families set as the Federal Poverty Level by the Department of HHS. Lincoln and TR-FDR would see this as outrageous as American workers built American factories and America since the Industrial Revolution. America has forgotten its workers and worker's families, worker's children. Two thirds of children with the vast majority from the workers families not able to pass ACT reading comprehension at the 4th grade, and 50 % of retired people having zero savings. Not the America of Lincoln or TR-FDR.
Grouped Articles
Trump’s pitch for autoworker votes in car heartland is short on autoworkers
The Guardian 09/28/23
Biden Joins Autoworkers on Picket Line in Michigan
NYTimes.com 09/27/23
Biden Joins UAW Picket Line Ahead of Trump Visit, Opening 2024 Election Fight
WSJ 09/26/23
Five Clues to Where the UAW Strike Is Headed Next
WSJ 09/23/23
Battle Over Electric Vehicles Is Central to Auto Strike
NYTimes.com 09/17/23
Whatever the UAW Strike Outcome, Elon Musk Has Already Won
WSJ 09/16/23
Changes in the Republican party in 2010-2013
09/03/2010
Cantor, Ryan and others try to recast the party in a different light, by rejecting the old Republican politics and leaders from an earlier era.
Grouped Articles
Congress Passes Debt, Budget Deal
Wall Street Journal 10/17/13
Eric Cantor Defeated by David Brat, Tea Party Challenger, in Primary Upset
New York Times 06/10/14
The Two Parties Aren’t Crazy, Just Changed
Wall Street Journal 10/13/15
Washington Post 02/25/16
GOP 'Young Guns' attack Obama and former party leaders in new book
Washington Post 09/03/10
New York Times 10/21/10
A changing S.E.C. in 2010-2013
08/26/2010
Grouped Articles
Wall Street Journal 05/27/13
Wall Street Journal 08/26/10
Wall Street Journal 12/21/10
Atlas Shrugged. Will Regulators?
Wall Street Journal 07/20/11
Reolving Door at S.E.C. is Hurdle to Crisis Cleanup
New York Times 08/02/11
Wall Street Journal 12/03/12
German chancellor Merkel's coalition government with the Free Democrats (FDP) in 2010-2013
06/28/2010
Grouped Articles
Germans Respond to Merkel's 'Motherly' Side
Wall Street Journal 08/23/13
Presidential Vote Will Test Merkel
Wall Street Journal 06/28/10
Merkel Looks to Recharge Her Ratings
New York Times 07/21/10
German Industries Rebuke Chancellor
Wall Street Journal 08/21/10
BusinessWeek 09/30/10
Crises Shake German Trust in Euro Zone
New York Times 11/26/10
The Japanese economy and the rising yen in 2010-2012
05/27/2010
The yen reached 86 yen to the dollar by August 2010. Chinese government accumulation of Japanese bonds was amajor factor in the yen's rise in 2010. By August 2011 the yen experienced a new surge going up to 78 yen to the U.S. dollar resulting in intervention by the Bank of Japan in currency markets. Investor flight to safe havens such as the Swiss Franc and the Japanese yen with the debt crisis in the U.S. and the Eurozone. The impact on export markets. The newly elected LDP government of Shinzo took strong action to reverse this and improve export competitiveness in 2013.
Grouped Articles
Japan's Yen Rises Above War Jitters, Deflation
BusinessWeek 05/27/10
Japan Faces Uphill Battle in Curbing Yen's Rise
Wall Street Journal 08/04/10
Behind Japan's Allure: Stagnancy
Wall Street Journal 08/24/10
Electric Cars Make Japan's Gas Engine Industry Anxious
New York Times 11/02/10
Japanese manufacturers: Leaving home
Economist 11/20/10
Nissan to 'Significantly' Reduce Japan Exports
Wall Street Journal 02/01/11
Germany's economy- 2009-2013
01/14/2010
Grouped Articles
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/13
New York Times 11/03/13
Growth in Germany Neared Zero at End of ’09
New York Times 01/14/10
German Economy Posts Biggest Postwar Slide
Wall Street Journal 01/14/10
Will Stress Tests Overcome Resistance to German Bank Reform?
New York Times 07/21/10
Germany Regains Jobs Lost in Recession
Wall Street Journal 07/30/10
Brazil's growing middle class, new aspirations and demands for better public services
01/03/2010
32 millon people have joined the middle class since 2003.
Grouped Articles
Thousands Gather for Protests in Brazilâs Largest Cities
New York Times 06/17/13
Brazil's New Middle Class Takes to the Streets
Wall Street Journal 06/25/13
Brazil’s disappointing economy: Stuck in the mud
Economist 06/27/13
Brazil’s Economic Crisis Beats the Emerging Middle Class Back Down
Wall Street Journal 11/10/15
Booming economy, government programs help Brazil expand its middle class
Washington Post 01/03/10
Economist 05/20/10
U.S.-China relations 2010-2013
01/13/2009
U.S.-China relations. Policy differences and trade relations are expected to exacerbate in 2010. The role of the U.S. as a supplicant to China in 2009 may lead to frustration and stepping back. US-China relations are tense because of continuing trade pressures and large trade deficits as China continues with its export model. Currency issues also an irritant.
Grouped Articles
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/10
China Pumps Up the Volume Against Japan
Wall Street Journal 02/08/14
U.S. and China Mark 30 Years of Diplomatic Ties
New York Times 01/13/09
U.S.-China relations to face strains, experts say - washingtonpost.com
Washington Post 01/03/10
U.S., China locked in trade disputes
Washington Post 01/04/10
China denounces U.S. trade ruling on steel pipes
Washington Post 01/01/10
Inflation in China 2010-2013
01/19/2008
Rising food and energy prices.
Grouped Articles
China Inflation Rises to a 19-Month High
New York Times 06/11/10
Wall Street Journal 09/04/10
China Acts to Slow Rise in Food Prices
New York Times 11/17/10
Chinaâs Move on Food Prices Seen as Inflation Risk
New York Times 11/17/10
Beijing Escalates Inflation Battle
Wall Street Journal 11/18/10
Inflated Risks to Economy in China
Wall Street Journal 11/19/10
Unemployment in Germany 2009-2013
01/04/2008
The role of "kurzarbeit" programs, work sharing, the changes from the Hartz reforms, and wage restraint in reducing German unemployment.
Grouped Articles
'Minijobs' Lift Employment But Mask German Weakness
Wall Street Journal 05/29/13
The Next First (and Only) 100 Days
New York Times 12/10/11
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/13
German Minimum Wage Plan Gains Backing From Businesses
Wall Street Journal 03/29/14
Germany Regains Jobs Lost in Recession
Wall Street Journal 07/30/10
The Price of Saving Jobs in Germany
BusinessWeek 07/29/10
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