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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

Southwest airlines acquisitions.

09/27/2010

Grouped Articles

Southwest Buys AirTran in Effort to Expand

New York Times 09/27/2010

Discount Carriers Southwest, AirTran Tie Knot

Wall Street Journal 09/28/2010

Southwest Looks Likely to Gain Sway Over Boeing

Wall Street Journal 09/27/2010

Southwest Alters Plan

Wall Street Journal 09/29/2010

Southwest's AirTran Deal Is Right On Point

Wall Street Journal 09/28/2010

Southwest Charts a New Flight Plan

BusinessWeek 09/29/2010

Japan Air Lines (JAL) strategies

01/28/2008

Grouped Articles

JAL Stock Demand Takes Off

Wall Street Journal 09/05/2012

JAL to Seek Lenders' Aid

Wall Street Journal 07/01/2010

JAL's Latest Plan Unveils Deep Cuts

Wall Street Journal 09/01/2010

JAL's Pain Is ANA's Gain

Wall Street Journal 08/31/2010

JAL Charts Direction for New Budget Carrier

Wall Street Journal 08/23/2011

Japan Airlines Plans to Spend $6 Billion on New Aircraft

Wall Street Journal 02/16/2012

Delta Airlines after the merger with Northwest.

11/21/2006

New focus on upgrading equipment and making improvements.

Grouped Articles

Delta Refocuses On Its Service

Wall Street Journal 10/04/2010

Delta-Northwest Merger’s Long and Complex Path

New York Times 05/18/2011

Airlines Are Driven to Nickel and Dime

Wall Street Journal 10/05/2011

Crude or Refined? Delta's Fuel Gambit

Wall Street Journal 04/06/2012

Delta Chases Fuel's Gold

Wall Street Journal 04/06/2012

Steven Pearlstein: Two can play the airline bankruptcy game - The Washington Post

Washington Post 04/29/2012


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