“Inflation is raging”
I’m so old, I remember when the experts said inflation was to be mild and to be short lived… :Fed Governor Waller says half-point rate hikes could be needed as…
VW did not think this through: VW ID.4 charging port location
Source: 2022 ID.4 See the problem? I’ll give a hint: The ID.4 is rated to tow 2,700 pounds. Don’t see it yet? At 2,700 pounds of towing capacity, I could…
Journalists fret over saving for retirement
Newer research suggests many of us with decent incomes "over saved" for future retirement options that may never happen. I am one of those people. For example, 93% of those…
May be inflation is greater than you think it is
This could be due to measurement error – and perhaps inflation (de-valuing of the dollar) really is that bad: Rosenberg: Historically, home prices go up one- to two percentage points…
28 countries with compulsory military service
Source: These 28 countries have compulsory military service – Best Citizenships How many countries in the world conscript women? Just eight. Myanmar, Israel, North Korea, Venezuala, Morocco, Portugal, Norway and…
End of globalized world: Countries looking to end investment visas
Sweeping sanctions against Putin’s oligarchs has led governments to limit and in some cases end their lucrative pay-for-passport programs. Source: Russian oligarchs: ‘Golden passports’ for the rich face new restrictions…
Is the globalization model now broken?
Seems lots of people are now asking this: But in only two short weeks, new questions have arisen as to whether that model is now broken and we will have…
The 3-decade long push for globalization of trade may be coming to an end, and changing
Postwar vision of harmonious world trade was already under pressure; invasion of Ukraine risks further economic fragmentation. Source: Economic Blacklist of Russia Marks New Blow for Globalization – WSJ Russia…
Paycheck Protection Program spent about $1/4 million on each “saved job”
And the top 20% of households received about 85% of the benefits. The PPP was launched by the Trump administration and has been reformed by the Biden administration, but data…
“Temporary” of course: 7.9% February inflation highest in 40 years
The consumer price index for February was expected to rise 7.8% over the past year, according to Dow Jones estimates. Source: CPI inflation February 2022 They said a year ago…