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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
A different view of the Federal Reserve's $600 billion easing decision in 2010.
11/19/2010
The unstated reason being a decline in real estate markets leading to a bad loans crisis for the banks.
Grouped Articles
What's Really Behind Bernanke's Easing?
Wall Street Journal 11/19/2010
Book Review - All The Devils Are Here - By Bethany McLean and Joe Nocera
New York Times 11/19/2010
Wall Street Journal 01/18/2011
Wall Street Journal 02/09/2011
Perry Suggests Fed is Almost Treasonous
New York Times 08/16/2011
Wall Street Journal 09/22/2011
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
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 07/16/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Underwater, but Will They Leave the Pool?
New York Times 01/24/2010
Anger Over Foreclosures Exposes Political Divisions
New York Times 10/11/2010
Wall Street Journal 10/26/2010
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
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
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
A brief history of reform efforts in US health care, retrospective look at a time of deadlock.
01/20/2010
Leonhardt looks at the history of reform efforts and puts it in perspective.
Grouped Articles
New York Times 01/20/10
In Battle Over Health Law, Math Cuts Both Ways
New York Times 01/07/11
Wall Street Journal 01/08/11
House Approves Health Law Repeal
Wall Street Journal 01/20/11
Obamacare: The reckoning - The Washington Post
Washington Post 03/23/12
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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