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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
Grouped Articles
The Anglo-French defence pact: Divided we fall
Economist 11/06/2010
Pentagon Seeks Biggest Military Cuts Since Before 9/11
New York Times 01/06/2011
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 04/18/2013
Europe to Vote on Tougher Rules for Currency
New York Times 09/27/2011
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
S.&P. Downgrade Deals Blow to French Government
New York Times 11/08/2013
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
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 05/27/2010
Japan Faces Uphill Battle in Curbing Yen's Rise
Wall Street Journal 08/04/2010
Behind Japan's Allure: Stagnancy
Wall Street Journal 08/24/2010
Electric Cars Make Japan's Gas Engine Industry Anxious
New York Times 11/02/2010
Japanese manufacturers: Leaving home
Economist 11/20/2010
Nissan to 'Significantly' Reduce Japan Exports
Wall Street Journal 02/01/2011
Grouped Articles
Instacart’s Bet on Online Grocery Shopping
New York Times 04/29/2015
In France, a Drive-Up Grocery Takes Off
Wall Street Journal 01/14/2010
Grouped Articles
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/13
The Stone Unturned: Credit Ratings
New York Times 03/22/14
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/13
How the Next Financial Crisis Will Happen
Wall Street Journal 06/10/15
How Regulators Mess With Bankers’ Minds, and Why That’s Good
New York Times 04/14/16
Why Credit Raters Keep Their Power
Wall Street Journal 11/16/10
Grouped Articles
Poll Shows European Union Loses Favor on Continent
New York Times 05/13/13
New Attempt at French-German Amity Stumbles in Venice
Wall Street Journal 08/21/13
New York Times 05/22/14
Economist 08/08/15
Charlemagne: The neighbours fall out
Economist 08/19/10
BusinessWeek 09/30/10
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
German banks have large holdings of Greek bonds, and much larger holdings of bonds from the crisis affected countries of Greece, Portugal, Spain and Ireland.
Grouped Articles
Already Holding Junk, Germany Hesitates
New York Times 04/28/10
Euro Rises After I.M.F. Increases Aid Pledge to Greece
New York Times 04/29/10
As Greek Drama Plays Out, Where Is Europe?
New York Times 04/29/10
Europe Acts Swiftly on Long-Delayed Greek Bailout
New York Times 04/29/10
The Next Global Problem: Portugal
New York Times 04/30/10
Portugal to cut wages, raise taxes
Wall Street Journal 05/14/10
The French governmet is working to setup a partnership between Areva and EDF.
Grouped Articles
Areva's High-End Bet on Nuclear Power
BusinessWeek 03/04/10
EDF to Build New Nuclear Power Plant in U.K.
Wall Street Journal 10/21/13
EDF to Build New Nuclear Power Plant in U.K.
Wall Street Journal 10/22/13
Wall Street Journal 10/22/13
Deal to Build a British Nuclear Plant Assumes a Role for Government
New York Times 10/21/13
French Nuclear Giant Areva Says Future Is Uncertain, Prompting a Sell-Off
New York Times 11/19/14
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