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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 02/15/2025
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/2025
Rising state payroll taxes in the U.S. as borrowing from the federal government increases
11/20/2010
Rising state payroll taxes in the US in 2010 acts as a disincentive for hiring. The rising state payroll taxes go to paying back $41 billion in loans from the federal government needed to fund unemployment insurance.
Grouped Articles
States Raise Payroll Taxes to Repay Loans
Wall Street Journal 11/20/2010
Job Tax Plan Lands With a Thud
Wall Street Journal 02/09/2011
Obama Plans to Rescue States With Debt Burdens
New York Times 02/08/2011
Relief for States and Businesses
New York Times 02/09/2011
In Florida, the Unemployed May Face Deep Cuts in Benefits
New York Times 03/31/2011
In Missouri, Extension of Unemployment Pay Is Blocked
New York Times 03/31/2011
Foreign Corrupt Practices Act and Bribery cases.
10/15/2010
Grouped Articles
Foreign Bribery Cases That Can Drag On and On
New York Times 12/22/2014
U.S. Seeks to Seize $1 Billion in Telecom Probe
Wall Street Journal 08/14/2015
Settlements Near In Bribery Case
Wall Street Journal 10/15/2010
Wall Street Journal 03/31/2011
The need for haircuts for private debt to make an effort to solve the problem of the fifth of US homeowners under water.
09/30/2010
Carmen Reinhart points out that the government can only assume private debt at a realistic price. Without principal reductions there appears to be no solution to the problem of the fifth of homeowners in the US who are under water. This keeps acting as a drag on the economy.
Grouped Articles
BusinessWeek 09/30/2010
State Attorneys General Take Helm in Mortgage Mess
New York Times 10/29/2010
To Fix the Housing Crisis, Read the Data
New York Times 11/04/2011
Deepening Crisis Over Euro Pits Leader Against Leader
Wall Street Journal 12/30/2011
Forgiveness of Debt Could Yield Savings
Wall Street Journal 07/30/2012
Reliance ADA.
06/01/2010
Anil Ambani's reliance ADA is one of India's largest companies with interests in telecom, entertainment and other areas.
Grouped Articles
With Reliance Tie-Up, CBS Seeks A Passage to India's TV Market
Wall Street Journal 06/01/2010
India’s Pent-Up Demand for Telecom Mergers
Wall Street Journal 06/07/2010
One More Rings Reliance's Bell
Wall Street Journal 06/07/2010
The Risk of Reliance on Indian Surge
Wall Street Journal 06/08/2010
Reliance Industries to Buy Indian Broadband Company
New York Times 06/11/2010
Wall Street Journal 06/12/2010
Avatar, James Cameron's movie, as a movie with aglobal dimension in sales.
01/05/2010
Sales in countries like Russia, Brazil, and other places overseas helped push sales over $1 billion, with foreign sales comprising two thirds of sales. The movie's anticapitalist message also fits the times and is especially popular overseas, with greedy capitalists trying to mine amineral on another planet and displacing the people living there.
Grouped Articles
Behind Momentum of 'Avatar' Is a Growing Audience Abroad
Wall Street Journal 01/05/2010
Another Top Police Official Resigns in British Scandal
New York Times 07/18/2011
RBS and Lloyd's Banking Group and reckless management.
09/17/2007
Royal Bank of Scotland and Lloyd's banking Group were part of the U.K. bank bailout. This was a case of poor decisions, reckless management and excessive risk taking without attention to possible consequences. Cameron and Osborne of the Conservatives and Mervyn King of the Bank of England voiced criticism of these behaviours that has cost the British taxpayer.
Grouped Articles
Wall Street Journal 06/13/2013
New York Times 06/12/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
Past Sins Haunting Royal Bank of Scotland
New York Times 01/27/2014
Legal Costs Set to Put RBS in the Red
Wall Street Journal 01/28/2014
Wall Street Journal 01/28/2014
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
The War in Afghanistan as a Forgotten Issue in 2010.
10/17/2010
Grouped Articles
The Wars That America Forgot About
New York Times 10/17/10
Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice
Washington Post 03/02/11
Pakistan Spy Agencyâs Help Sought for Afghan Talks
New York Times 10/30/11
Book review: ‘The Unquiet American: Richard Holbrooke in the World’ - The Washington Post
Washington Post 11/13/11
Washington Post 12/08/11
For one war widow, moving on is a marathon - The Washington Post
Washington Post 07/09/12
The Republican party and its plans to defund the Affordable Care Act (Obama Health Care Law) in the U.S.
09/30/2010
Plans in the GOP to defund the healthcare bill if the Republicans win a majority in the House of Representatives.
Grouped Articles
A Federal Budget Crisis Months in the Planning
New York Times 10/05/13
In Rural Iowa, Spending, Not the Shutdown, Raises Worry
New York Times 10/04/13
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/13
Jim DeMint: We Won't Back Down on ObamaCare
Wall Street Journal 10/17/13
Behind Debt Deal: Silence, Distrust and Hardball
Wall Street Journal 10/17/13
The GOP Eyes Defunding Health Reform
BusinessWeek 09/30/10
Digital Copyright Issues- Evolution of the Law.
06/22/2010
Google upheld by a federal judge in New York, in a 3 year old law suit by Viacom. The Digital Millenium Copyright Act and court decisions.
Grouped Articles
Google Wins Key Copyright Ruling
Wall Street Journal 06/22/10
Viacom, Google Bury the Hatchet Over YouTube
Wall Street Journal 03/19/14
YouTube ‘Dancing Baby’ Copyright Ruling Sets Fair Use Guideline
New York Times 09/14/15
Google Wins Key Copyright Ruling
Wall Street Journal 06/22/10
Japanese Regulator Approves Google-Yahoo Deal
New York Times 12/02/10
Negative Equity in homes as a huge drag on the economy.
01/24/2010
2.4 million foreclosures estimated for 2009 by Moody's Economy.com on top of 2 millon in 2008.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/11
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/13
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/14
Underwater, but Will They Leave the Pool?
New York Times 01/24/10
Anger Over Foreclosures Exposes Political Divisions
New York Times 10/11/10
Wall Street Journal 10/26/10
Ford Explorer 2010- new model as a crossover.
01/06/2008
Ford hopes to revive the dying Explorer brand as a crossover built on the Taurus architectural base. The big change is in looks, and a fuel efficency jump from 15 to 25. Can Ford pull this off?
Grouped Articles
Ford Is Hoping to Give the Once-Great Explorer a Second Life
New York Times 05/27/10
Hybrids' Unlikely Rival: Plain Old Cars
BusinessWeek 02/23/12
Ford's EcoBoost Engine Excites Marketer
New York Times 01/06/08
Ford Hints at New Explorer With Concept
New York Times 01/06/08
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