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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
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
The city of Shenzen and efforts to establish a modified economic-political model for China.
10/18/2010
Compelling needs in China for getting the involvement and voices of Chinese society, even as the Chinese Communist party controls freedom of expression. This would help control corruption which is a threat to the party's influence and leadership. Efforts to setup democratic processes at an early stage.
Grouped Articles
China Tests New Political Model in Shenzhen
Wall Street Journal 10/18/2010
In China, Even the Premier Is Censored
Wall Street Journal 10/18/2010
New York Times 10/22/2010
David Ignatius - Will China keep rising or succumb to its paranoia?
Washington Post 10/25/2010
China's muffled media: Gagging to be free
Economist 10/23/2010
Peopleâs Daily Article Appears to Rebuke Wen Jiabao
New York Times 10/27/2010
GE China (General Electric)
07/08/2010
GE's operations in China and the difficulties it is facing in China.
Grouped Articles
China Crackdown Set to Benefit GE
Wall Street Journal 12/29/2014
GE's Road In China Is Getting Bumpier
Wall Street Journal 07/08/2010
Wall Street Journal 07/27/2010
Wall Street Journal 07/26/2011
Wall Street Journal 09/06/2011
A Waiting Game at Finance Unit
Wall Street Journal 09/06/2011
Studies cited by Nicholas Carr show flood of information on Internet and the distraction reduce learning.
05/27/2010
Studies show Internet use can actually reduce learning and make people dumber, encourage shallow thinking. Nicholas Carr has written a book on this subject titled, "The Shallows." Carr has done some serious research on the subject and the book has received favorable reviews.
Grouped Articles
For Yahoo, a Chase to the Bottom
Wall Street Journal 05/27/2010
Does the Internet Make You Dumber?
Wall Street Journal 06/05/2010
Wall Street Journal 06/04/2010
'The Shallows': Is the Net Fostering Stupidity?
BusinessWeek 06/03/2010
Growing Up Digital, Wired for Distraction
New York Times 11/21/2010
New York Times 12/29/2011
Africa- Water and how it is managed.
05/20/2010
Water and its proper management is crucial to the quality of life in the poorest countries.
Grouped Articles
China's peasants look to the skies.
Economist 05/20/2010
Small projects often give better returns.
Economist 05/20/2010
It won't fill up withot lots of changes on the ground.
Economist 05/20/2010
Economist 05/20/2010
Economist 05/20/2010
Economist 05/20/2010
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 07/01/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
Economist 01/14/2010
BusinessWeek 04/14/2010
Fear Pervades China's Stocks As Market's Gains Disappear
Wall Street Journal 05/13/2010
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
Buddhism in Japan.
01/03/2010
The ancient city of Nara, with a $100 million investment to recreate parts of the city which saw the advent of Buddhism to Japan. This is the 1300th anniversary for this historic city.
Grouped Articles
New York Times 01/03/2010
New York Times 03/22/2012
Trump plan to end tax on Social Security benefits is a fatal mistake
08/17/2024
Senator Larson says it is a fatal mistake as lost revenue is not made up leading to a Medicare insolvency in 2031, and Social Security insolvency in 2033. Social security benefits will then by law will be cut in 2033 by 25%, a dangerous step tragic for many on Social Security who are pushed into poverty.
Grouped Articles
CNBC 08/17/24
Committee for a Responsible Federal Budget 08/17/24
Trump wants to cut income taxes on Social Security. Here's how that would impact your benefits.
CBS News 08/17/24
City of London as financial capital of Europe
11/11/2010
Grouped Articles
Britain’s Global Banking Hub Is Mostly Leery of an E.U. Exit
New York Times 02/09/16
London's Rising Towers May Presage a Shrinking Economy
BusinessWeek 11/11/10
Londonism and its adherents: The capital's creed
Economist 02/05/11
BusinessWeek 03/31/11
For Britain, Another Step Away From Europe
New York Times 12/11/11
David Cameron’s move to save the City, not the euro - The Washington Post
Washington Post 12/12/11
Car manufacturing in India.
07/08/2010
Automobile manufacturing in India is focussed on the southern city of Chennai in Tamilnadu state.
Grouped Articles
India’s Manufacturing Sector Courts the World, but Pitfalls Remain
New York Times 10/14/15
A New Detroit Rises in India's South
Wall Street Journal 07/08/10
Manufactured Goods Lead Surge in Indian Exports
New York Times 07/25/11
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/12
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/12
Car Sales in India Expected To Fall Short of Forecast
Wall Street Journal 02/08/12
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 05/09/13
The economic performance of cities: Following the sun
Economist 05/16/13
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/13
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/13
Economic Casualties: 'Missing Households'
Wall Street Journal 07/22/13
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/13
China- Water and how it is managed.
05/20/2010
The crucial role of water in the poorest countries for the quality of life. Close to a billon people in the poorest countries have no latrines and have no access to clean water.
Grouped Articles
If You Think Chinaâs Air Is Bad ...
New York Times 11/07/13
Pollution in China's Tai Lake worse despite national push for environmentalism
Washington Post 10/29/10
New York Times 04/04/14
Rural Water, Not City Smog, May Be China’s Pollution Nightmare
New York Times 04/11/16
China's peasants look to the skies.
Economist 05/20/10
Small projects often give better returns.
Economist 05/20/10
Roubini on China, currency issues, and domestic consumption in China.
05/17/2010
By letting the yuan China can shift the benefits to households, who will have more purchasing power, and reverse the shift that has taken place in the last 10 years, with domestic consumption making up about 36% of GDP- down by about 10 points from ten years earlier. State owned companies gained at the expense of households, as did infrastructure spending, but it is leading to misallocation of investments and hurting households. As a result China will hit a growth wall in the next 2-3 years, says Roubini.
Grouped Articles
Wall Street Journal 10/04/11
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/10
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/10
New York Times 09/30/10
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/10
New York Times 09/25/10
Analysis by The Economist and other expert opinion in 2010 of the economic prospects for Europe and the U.S.
01/11/2010
The Economist looks at the near term trends- unemployment not down as much in Britain in August and consumer spending holding up in Britain- as evidence a recovery is looming. And it cites the Suppy Managment Index up slightly in the US. Most other experts see a difficult situation in 2011 as the stimulus fades and local governments cut back- economists such as Stiglitz, Shiller, Krugman, Feldstein and others, and businessmen like Malone.
Grouped Articles
Brazil's north-east: Catching up in a hurry
Economist 05/21/11
Wall Street Journal 04/26/15
The world economy: The odd decouple
Economist 09/04/10
The U.S. Economy: Stuck in Neutral
BusinessWeek 10/14/10
BusinessWeek 10/14/10
America's economy: Not by monetary policy alone
Economist 10/28/10
China and pollution of air and water.
05/10/2006
Use of coal-fired plants and more automobiles on Chinese streets and highways are worsening air quality in Chinese cities. Industrialization is taking its toll on air and water quality. 25% of lakes, rivers and streams have water too contaminated to be used for drinking water, according to areport by the China Ministry of Environmental Protection.
Grouped Articles
Pollution Is Radically Changing Childhood in Chinaâs Cities
New York Times 04/22/13
China Seeks to Calm Anxiety Over Rice
Wall Street Journal 05/22/13
Cadmium-Tainted Rice Discovered in Southern China
New York Times 05/21/13
Wall Street Journal 06/06/13
Air Pollution From Coal Use Cuts Lifespans in China, Study Shows
Wall Street Journal 07/09/13
Paying Auditors for Honest Appraisals
Wall Street Journal 07/18/13
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