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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
AB InBev
06/27/2010
Anheuser Busch and Brazilian brewer In-Bev.
Grouped Articles
AB InBev: King of Beers Buys Mexican Crown
Wall Street Journal 06/29/2012
InBev’s Cash Pile Moves Back Into the Spotlight
Wall Street Journal 01/20/2014
Brazil's Brito Aims to Revive Bud in the U.S.
Wall Street Journal 06/27/2010
Wall Street Journal 11/04/2010
Bud's U.S. Gamble Could Pay Off
Wall Street Journal 11/04/2010
Wall Street Journal 03/04/2011
Britain's new 2010 Budget marks a big change from the past.
05/13/2010
The UK Chancellor of the Exchequer, George Osborne, put forward a budget with a 25% spending cut by 2015 in all departments except health and international aid. This marks a huge departure in years of spending by the Labor governments. The new Conservative-Liberal coalition government is determined to take austerity measures to reduce the national debt.
Grouped Articles
Britain's accidental revolution
Economist 05/13/2010
U-Turn in the U.K.: Big Spending Cuts
Wall Street Journal 10/14/2010
Britain Details Radical Spending Cuts, Citing Debt
New York Times 10/20/2010
U.K. Plans New Taxes on Banks, Multinationals
Wall Street Journal 12/04/2014
Tough Slog to Balancing U.K.’s Budget
Wall Street Journal 12/04/2014
Overheard: Digging for Answers on Coal
Wall Street Journal 03/29/2015
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
Squam Lake Group.
06/18/2010
A 15 Amember American economists group that first met at Squam Lake, New Hampshire. It has made proposals for financail reform.
Grouped Articles
To Help Prevent Crises, Delay Some Executive Pay
New York Times 06/18/10
To Add Jobs, Revive Revenue Sharing
New York Times 08/28/10
Volcker on His 'Rule'— Keep It Broad
Wall Street Journal 10/28/10
Management failure at Toyota in addressing quality and safety issues- the Recall period 2009-2011
01/29/2010
Toyota's own documents reveal that managers touted the $100 million savings in limiting the degree to which Toyota would address the quality and safety issues raised by unintended acceleration and failure in braking. Toyota had hired former National Highway Traffic and Safety officials and was able to limit what it had to do to address the problem. In the end the problems would cost billions of dollars in a massive recall effort and dent its image.
Grouped Articles
Toyoda Rues Excessive Profit Focus
Wall Street Journal 03/02/10
Inside Toyota, Executives Trade Blame Over Debacle
Wall Street Journal 04/13/10
Toyota Nears $1 Billion Deal to End Probe
Wall Street Journal 02/08/14
Toyota to Resume Plant Building After Three-Year Hiatus
Wall Street Journal 04/04/15
Toyota’s Top Executive Under Rising Pressure
New York Times 02/06/10
Akio Toyoda - Toyota's plan to repair its public image
Washington Post 02/09/10
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