It’s their fantasy that they’ll go into the ‘city’ to take it over. Let them. Downtown is mostly social services in major cities, maybe some healthcare or a large teaching hospital. They’ll quickly realize that pointing guns at homeless people isn’t very productive.
The vast majority of people live in suburbs, don’t care about politics, don’t follow the news.
Revenge fantasies are always stupid. Modern cities are vast tracks of cookie-cutter suburban housing.
“firms cannot change the contracts of older employees and cannot freely add higher-ranked positions to their organizations. In this model, a larger supply of older workers and declining economic growth restrict younger workers’ access to higher-paying roles and widen the age pay gap in favor of older workers.” www.nber.org/papers/w32340
Crazy that we are talking about an areas maybe 1/4 of the size of Chicago, when talking about Gaza. There are like only 6 land exists, 1 through Egypt and the rest through Israel.
For years there was a push by economists to include metrics on how people perceive the economy, because that will indicate their spending patterns.
Now, ‘only look at this specific data point, that does not include rents, mortgages or food, and indicates that wages are just slightly above inflation, as long as you don’t go back more than 6.2 months of data as proof that the economy is roaring!’.
The punishment laid out in their convictions take into account how involved they were in the insurrection. The Supreme Court isn’t taking that into account. Many are getting a simple fine for trespassing, but the ones that went with the intent of causing trouble are getting the actual real punishments.
It’s done from time to time. It’s to lower the export value of goods. A country prints a lot more money. Say Almeria wanted to sell more cars to England.
Currently an American car is worth $30,000USD and $30,000USD can also buy 2 motorcycles from England (£24,000) .
If the world is flooded with more USD, then the person from England can still buy the American car for $30,000USD but the American can now only buy 1 English motorcycle, as the value of USD has fallen to British Pounds.
Great if you’re English and buying an American car, bad if you’re American and want to buy an English motorcycle.
To add to this, Truth Social is mainly political, it’s not a space companies find interesting to advertise. Women purchase things for the house so they control the purse strings of a household, the next major purchases are teens. These are the realms of TikTok and Youtube shorts. Older demographics don’t buy much, are stuck in their habits.
Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes.
Interest rates were raised to kick people in the teeth, the Federal reserve says that it needs to keep kicking people in the teeth for a few more months.
Economists are saying that people are not being kicked in the teeth.
Logicians everywhere are banging their heads on their desks, as people are both being kicked in the teeth, and not kicked in the teeth.
Working blue collar people are hit hard, yes they are getting raises, but housing is still unaffordable. Yes wages are up, mainly for blue collar workers, but these wages were low to begin with.
Tech firms, and large white collar employers have either had mass layoffs or keep threatening mass layoffs. The middle class feels like it’s been in a recession for several years. Wages in the middle class have been stagnant.
For the rich. The stock market isn’t fun anymore, it’s been gamed. Fewer companies listed. Mostly gamed by a couple of giant investors, so it’s fixed. Can’t invest money into China. Though the housing market is hot, it’s not a great investment, as it takes years to build from greenfield.
To add to that, yes people get paid more switching jobs, but it’s incredibly stressful. Also seems to be the only way to get that raise.
Management has seen to be at odds with white collar workers, fighting against work from home. It has not been a stress free ride since the pandemic. Companies keep thinking there will be a recession, and getting the raise is difficult and stressful.
Currant inflation is being caused because of high interest rates. Mortgages cost more, so landlords (40% of which are small mom and pop ordinary people renting a second home) increase the rents. It takes years for all the mortgages to flip over to the higher interest rates, so we’ve see this persistent and high inflation.
Lowering and raising interest rates directly correlates with the increasing or reducing inflation.
Meh. When you raise interest rates, companies raise prices, and go on borrowing. Raising rates doesn’t help fight inflation.
We are now seeing housing starts grinding to a halt, as average people stop buying homes do to high interest rates. These stories are starting to trickle into the press. Housing developers are calling high interest rates a disaster and economic killer. Politicians and banks listen to housing developers. The anger is building against bankers that believe simple stories such as ‘Lowering and raising interest rates directly correlates with the increasing or reducing inflation’, the real world is never that tidy.
Ironically, any negative consequences of their actions they’ll deny. It’s human nature. Whatever fiction they invent, as a justification, will simply benefit fascists, as lies always do. There are still NAZIs in Germany. Sadly it takes economic stability for the left and progressives to be able to fight back, and there isn’t mush of that in the world.
I’m a different poster, trying to bring in light to argument, about how people feel right now. Over the last 4 years housing has risen dramatically over wages. Small changes in wages to inflation are meaningless to people that remember housing costs of 4 years ago.
Nowhere in the article is meaningfulness to worker mentioned, just statistics. Statistics by themselves have little meaning, until they are interpreted and put into context. For example .5% change in employment over the course of a year for a specific segment of the population is not meaningful without greater context. If employment for women changed by .5% over a year, but now housing is completely unaffordable, that doesn’t mean that people have increased happiness by .5% . Interpretation is needed.
to call the wage increases the article talks about as meaningless. That is a trite
Since the start of the pandemic wages have grown a few percentage points, housing costs have almost doubled. An order of magnitude difference…so yes the term trite is reasonable.
Cars destroyed rural America. Take a Youtuber like Hoovie’s Garage, he buys a large farm in the middle of nowhere to store cars, drives regularly a 100miles a day. You can’t have compact European style towns, in such a reality. The factory closed, people drive 60 to a 100 miles a day, that means that the town is flattened and gone. Add to that oil disease in places like Kansas, Texas and W. Virginia; the government doesn’t need to have sound businesses as a tax base to fund itself, just oil money.
This misses an important point. Cities like Chicago and Miami compete globally, against places like Berlin and Sao Paulo. Smaller regional centers, like Oklahoma city, and Des Moines are ruled by their own elite and are not concerned by international affairs.
The wealthy in smaller regional centers don’t have the ear of the Federal government, but they do employ most people in the local area, so locals are tied to their success. Locals also rely on them for donations to local hospitals, charities, and sporting clubs.
You’re still advocating individual car ownership as a sustainable future…buses, trams, trolleys, LRT, trains. 6000lbs (2200kilos) just to get a few groceries is over kill.
Yet EPA officials said the rule will not mandate the adoption of a particular zero-emission technology. Rather, it will require manufacturers to reduce emissions by choosing from several cleaner technologies, including electric trucks, hybrid trucks and hydrogen fuel-cell vehicles....
The ‘uncommitted’ voters will think that they changed Biden’s mind, but most likely he was going to start sending aiding to Gaza anyway. He doesn’t like Netanyahu and probably genuinely does want peace.
At the same time the ‘uncommitted’ stunt has turned voters against Biden. Remember the average voter is functioning at grade 8 or grade 6 level. Educated voters will see this as the political maneuvers that it is, the average ‘grade 6’ mental age voter will think ‘Biden sucks’, and not vote.
First Presidential Debate Megapost!
Here we go, the first Presidential debate between Biden and Trump begins at 9 PM Eastern/6 PM Pacific....
Biden warns China's economy is on the brink (www.axios.com)
Newsmax Host Ominously Warns ‘You People in Your Cities’ Who Are ‘Pushing the Party That Owns 90% of the Guns’ (www.mediaite.com)
Newsmax host Carl Higbie went on a tirade on Friday after former President Donald Trump was convicted by a Manhattan jury the day before....
"Portal" Between Dublin and NYC Shut Down After OnlyFans Model Flashes It (ca.news.yahoo.com)
The American people are petrified. But more than anything else, they feel betrayed. (thehill.com)
Aging Workforce, Stagnant Youth: The Consequences of the Growing Age Pay Gap (www.population.news)
House approves resolution condemning Palestinian rallying cry “from the river to the sea, Palestine will be free" as antisemitic (thehill.com)
Paul Krugman Is Right About the Economy, and the Polls Are Wrong (nymag.com)
Conservative SCOTUS Justices: Why isn't DOJ treating Dobbs protesters like January 6 attackers? (www.motherjones.com)
Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says (www.independent.co.uk)
NPR editor who alleged left-wing bias at network suspended (thehill.com)
Trump Media shares plunge 11% after company files to issue additional DJT stock (www.cnbc.com)
What the Upper-Middle-Class Left Doesn’t Get About Inflation (www.theatlantic.com)
Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes.
Young voters aren't warming up to Biden. They know it means Trump could win again. (www.usatoday.com)
What You Need to Know About the Labor Market (www.usnews.com)
An Honest Assessment of Rural White Resentment Is Long Overdue (newrepublic.com)
We say very clearly that rural America is hurting. But we refuse to justify attitudes that some scholars try to underplay....
Greta Thunberg detained at The Hague climate demonstration (www.theguardian.com)
NYC AI Chatbot Touted by Adams Tells Businesses to Break the Law (www.thecity.nyc)
West Virginia passes bill allowing intelligent design to be taught in high school biology classes (www.science.org)
First cars, now trucks: Biden takes aim at tailpipe pollution | The EPA rule could prompt pushback from the truck industry, which has fought a rapid transition away from diesel-powered vehicles (wapo.st)
Yet EPA officials said the rule will not mandate the adoption of a particular zero-emission technology. Rather, it will require manufacturers to reduce emissions by choosing from several cleaner technologies, including electric trucks, hybrid trucks and hydrogen fuel-cell vehicles....
Trump Backs Israel Bombarding Gaza: 'Gotta Finish the Problem' (www.rollingstone.com)