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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
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 07/25/2024
Kamala Harris: A woman of firsts – DW – 07/23/2024
dw.com 07/25/2024
‘Capable’ Harris and Biden’s legacy: key takeaways from the president’s address
The Guardian 07/25/2024
Biden Says He Will ‘Pass the Torch’ to Harris in Oval Office Address After Ending Campaign
WSJ 07/24/2024
Opinion | Kamala Harris Confounds the Republicans
WSJ 07/24/2024
President Biden Addresses the Nation
YouTube 07/25/2024
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 09/28/2023
Biden Joins Autoworkers on Picket Line in Michigan
NYTimes.com 09/27/2023
Biden Joins UAW Picket Line Ahead of Trump Visit, Opening 2024 Election Fight
WSJ 09/26/2023
Five Clues to Where the UAW Strike Is Headed Next
WSJ 09/23/2023
Battle Over Electric Vehicles Is Central to Auto Strike
NYTimes.com 09/17/2023
Whatever the UAW Strike Outcome, Elon Musk Has Already Won
WSJ 09/16/2023
Putin and Russia's shift in Ukraine policy with the impact of capital flight, western sanctions and a sharp slowdown in the economy by July 2014
07/11/2014
Polls show 66% of the Russian public opposes Russian forces going into Ukrainian territory. The rhetoric on Russian television has been toned down and Russian analysts say intervention in Ukraine would have dangerous consequences for Russia, that Russia needs to maintain its relations with the West. At the same time Putin will attend a summit of BRIC's leaders in Fortaleza, Brazil, with plans to set up a development bank, as the focus shifts back to the economy. Russia is expected to feel the impact of $75 billion in capital flight in the first half of 2014.
Grouped Articles
Seeing Cost of Saber Rattling in Ukraine, Putin Alters Course
New York Times 07/11/2014
U.S. Escalates Sanctions Against Russia Over Ukraine Crisis
Wall Street Journal 07/17/2014
Raising Stakes on Russia, U.S. Adds Sanctions
New York Times 07/16/2014
Putinism Thrives on Dirty Money
Wall Street Journal 07/22/2014
Wall Street Journal 07/22/2014
Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves
New York Times 07/29/2014
California- regional politics 2010-2014
10/23/2010
Grouped Articles
Wall Street Journal 10/23/2010
Repairing California: The tide begins to turn
Economist 12/04/2010
Jerry Brown's Last Stand in California
New York Times 05/04/2011
Lessons from California: The perils of extreme democracy
Economist 04/23/2011
The Australian economy in 2010-2014
09/02/2010
Higher risks as Australia is dangerously overdependent on China for economic growth.
Grouped Articles
Wall Street Journal 05/01/2013
Rudd Returns for Australian Act 2
Wall Street Journal 06/27/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
Australia's Central Bank Cuts Rates Ahead of Election
Wall Street Journal 08/07/2013
Wall Street Journal 11/13/2014
The Deal Is Simple. Australia Gets Money, China Gets Australia
BusinessWeek 09/02/2010
India's car market 2010-2014
07/02/2010
Automobile sales growth in India.
Grouped Articles
U.S. Car Makers Are Missing in India
Wall Street Journal 05/10/2013
Finding Utility in Indian Autos
Wall Street Journal 07/22/2014
Foreign Car Makers' Uphill Climb in India
Wall Street Journal 07/02/2010
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
Car Sales in India Expected To Fall Short of Forecast
Wall Street Journal 02/08/2012
India to Overtake Japan in Car Sales
Wall Street Journal 03/15/2012
Telecom Industry in China: 2010-2014
06/16/2010
Grouped Articles
Alibaba to Offer Telecom Services in China
Wall Street Journal 12/27/2013
Tianyu Leads Rise of China's Handset Makers
Wall Street Journal 06/16/2010
Apple's Bigger Slice of China Pie
Wall Street Journal 02/22/2012
China Telecom Earnings Beat Expectations
Wall Street Journal 08/22/2012
The economy of Italy in the euro-zone crisis of 2010-2014
06/03/2010
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
In Italy, High Payroll Taxes Stand in Way of Recovery
Wall Street Journal 11/18/2013
Italian Economy Stops Contracting
Wall Street Journal 12/10/2013
Can Italy Find Its Way? Resistance to Change Means Slow Recovery
Wall Street Journal 04/30/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Italy's Shot of Southern Discomfort
Wall Street Journal 06/03/2010
How the Toyota Recalls benefit Detroit and other carmakers followed by the reemergence of Toyota globally in 2012-2014
02/11/2010
Grouped Articles
Wall Street Journal 05/08/2013
Toyota Bounces Back With Strong Profits
New York Times 05/08/2013
Toyota Gains in Mixed Month for U.S. Auto Sales
Wall Street Journal 04/02/2015
With Toyota in Trouble, Rivals Gain
New York Times 02/11/2010
Toyota may fall in sales ranks.
Detroit News 02/12/2010
Bill Ford's challenge: stay lean, hungry, and innovative.
Detroit News 02/12/2010
VW worldwide growth in 2010-2014
01/13/2010
Grouped Articles
VW's $1 Billion Bet on U.S. Factory Sputters
Wall Street Journal 09/06/2013
Weak European Auto Market in 2013 Sapped Volkswagen Earnings
New York Times 03/13/2014
Volkswagen Aims at Fast Lane in U.S.
Wall Street Journal 10/05/2010
VW Profit Soars on Chinese Demand
Wall Street Journal 02/28/2011
Chinese Demand Fuels VW, BMW Net
Wall Street Journal 03/11/2011
Wall Street Journal 05/23/2011
David Cameron, prime minister of Britain- the first term 2010-2014
12/21/2009
Grouped Articles
David Cameron Faces Rebellion in His Party
New York Times 05/23/2013
Britain’s Surprisingly Unpredictable Election
Wall Street Journal 04/26/2015
David Cameron Struggles to Turn Economic Recovery Into Votes
Wall Street Journal 05/06/2015
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/2015
David Cameron Sets Course for Britain Amid Pageantry of Queen’s Speech
New York Times 05/27/2015
The Agony of Victory: David Cameron, Interview
Washington Post 12/21/2009
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
Action to cut single use plastic bags and packaging 2025
11/27/2024
Efforts to end the use of single use plastics that are a threat to health and the environment, land, rivers and oceans. The use of plastic water bottles has worsened the crisis. Supermarkets are slow in the US to ban plastic bags showing need for prudent regulation. Talks in Busan, South Korea, in Nov 2024 to find a solution to the plastics proliferation crisis. The plastics industry including plastics makers and recycling companies say things are under control with recycling goals, yet reports show only 30% of plastics is being recycled each year in 2024, and going back to the beginning of plastics 2 decades back only about 10% has been recycled.
Grouped Articles
Inside the Plastic Industry’s Battle to Win Over Hearts and Minds
NYTimes.com 11/27/24
Washington Post 06/10/24
China Tries to Stem the Flow of Its Plastic Waste
WSJ 01/20/20
Plastic Water Bottles, Which Enabled a Drinks Boom, Now Threaten a Crisis
WSJ 12/12/18
New York Businesses Anticipate Plastic-Bag Ban
WSJ 02/27/20
Supermarkets in France forced to ditch plastic and set up ‘refill stations’ selling unpackaged goods
The Times 04/01/21
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 04/25/24
Bucking G.O.P. Isolationists, McConnell Was Linchpin in Winning Ukraine Aid
NYTimes.com 04/24/24
‘Kharkiv Is Unbreakable’: A Battered City Carries On
NYTimes.com 04/24/24
Opinion | Ukraine Aid in the Light of History
NYTimes.com 04/24/24
Senate Approves Aid for Ukraine and Israel, Sending It to Biden’s Desk
NYTimes.com 04/24/24
Speaker Johnson’s Ukraine Package Clears Key Hurdle With Democratic Help
WSJ 04/19/24
Hacking into U.S. databases by Russia and the U.S. presidential election of 2016
10/11/2016
Intrusion into U.S. databases by Russia seen as an effort to influence the U.S. election process. In 2014 cyber security issues with China were brought up in meetings between president Obama and China's president Jinping, and efforts made to reach an agreement to prevent recurrence.
Grouped Articles
Why the US fears Russia is hacking its presidential election - BBC News
BBC News 10/11/16
The Washington Post - Breaking news and latest headlines, U.S. news, world news, and video
The Washington Post
Senate and House Leaders Call for Inquiry of Russian Hacking in Election
The New York Times 12/12/16
C.I.A. Judgment on Russia Built on Swell of Evidence
The New York Times 12/12/16
Russian Hackers and American Hacks
WSJ 12/11/16
Donald Trump Chooses Exxon Mobil CEO Rex Tillerson as Secretary of State
WSJ 12/13/16
Insider Trading investigations in the US in 2010-2014
11/22/2010
Grouped Articles
Former SAC Manager Mathew Martoma Found Guilty in Insider Case
Wall Street Journal 02/06/14
FBI Raids Two Hedge Funds Amid Insider-Trading Case
Wall Street Journal 11/22/10
Wall Street Journal 01/19/12
Why Are Investors Fleeing Equities? Hint: Its Not the Computers
New York Times 08/06/12
The risks of the Federal Reserve's reinflation policy in 2010-2014
10/11/2010
A rise in commodities prices is one serious risk, leaving consumers drowning in the reinflation.
Grouped Articles
Inflation Below Fed Target for 22nd Month in a Row
Wall Street Journal 03/29/14
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/14
Fed Must Consider the World and All U.S. Employment
Wall Street Journal 04/09/15
Fed's Reflation Bet Could Hit Consumers Before It Helps
Wall Street Journal 10/11/10
Wall Street Journal 10/25/10
Wall Street Journal 10/26/10
India's stock market- 2010-2014
08/19/2010
Grouped Articles
Wall Street Journal 05/11/13
Emerging Stocks' Emerging Problems
Wall Street Journal 08/23/13
Indian Shares Advance to a Record
Wall Street Journal 10/31/13
For Indian Stocks, the Answer Is Blowing in the Political Wind
Wall Street Journal 12/27/13
Test Your Smarts on Apple, Yellen, India
Wall Street Journal 01/07/15
India May Double Individual Cap for IPOs
Wall Street Journal 08/19/10
France's economy in 2010-2014
06/23/2010
The determination in France, as in Britain, to take austerity measures, and to cut the deficit.
Grouped Articles
France Goes Against the Euro-Zone Flow
Wall Street Journal 04/18/13
Europe to Vote on Tougher Rules for Currency
New York Times 09/27/11
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/13
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/13
S.&P. Downgrade Deals Blow to French Government
New York Times 11/08/13
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/14
France's austerity plans and pension reform 2010-2014
06/16/2010
Grouped Articles
New York Times 11/10/13
Hard times force French to work longer -- to age 62
Washington Post 06/16/10
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/10
French Unions Protest Pension-Age Overhaul
Wall Street Journal 09/08/10
French Senate Passes Pension Bill
New York Times 10/22/10
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/14
Inflation in India : 2009-2014
05/13/2010
The poor monsoon in 2009 was a major factor in the rise of prices paid by consumer and farm workers, which saw arise of 14% annually by mid 2010, and were the highest of 17 countries in the Asia-Pacific region in Bloomberg tracking. The Reserve Bank of India (RBI), India's central bank, is making efforts to control inflation with interest rate increases.
Grouped Articles
How Duvvuri Subbarao Is Steering India's Economy
BusinessWeek 05/13/10
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/13
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/13
Balancing Act for Indiaâs Top Banker
New York Times 11/07/13
Staying Away from Indian Bonds
Wall Street Journal 12/18/13
Setting a Course for India's Inflation Nirvana
Wall Street Journal 01/23/14
Growing Risks for the Chinese Economy going into 2010-2014
01/14/2010
One is a concern that China may like Japan in the 1980's is getting into a property and asset price bubble after aperiod of rapid industrialization and shifting of rural population to the cities. The risks of an overheating economy were growing with a 22% jump in a broad measure of money supply in March 2010.
Grouped Articles
Wall Street Journal 07/01/13
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/13
Economist 01/14/10
BusinessWeek 04/14/10
Fear Pervades China's Stocks As Market's Gains Disappear
Wall Street Journal 05/13/10
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/10
Unemployment in Spain 2010-2014
01/01/2010
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/11
Spanish Jobless Rate Has First Drop in Two Years
Wall Street Journal 07/25/13
Spanish Job Market May Be Turning Around
Wall Street Journal 01/24/14
Spain’s Unemployment Declines in 2014
Wall Street Journal 01/05/15
In Spain, a Soaring Jobless Rate for Young Workers
New York Times 01/01/10
Spain is simply shifting the problem
Wall Street Journal 05/14/10
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