“Double Whammy of Rising Rates for Us and Our Consumers”: AutoNation by Wolf Richter • Oct 31, 2018 • 70 Comments We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
Exxon Now Advocates for Carbon Tax? Hmmm by Leonard Hyman and Willian Tilles • Oct 12, 2018 • 95 Comments Some things are just too curious.
“Rising Inequality” Could Impact America’s AAA Credit Rating by Safehaven • Oct 10, 2018 • 33 Comments Moody’s: It “will exacerbate already material fiscal challenges on the horizon.” If unaddressed, “social tensions will continue to rise.”
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion by Wolf Richter • Oct 1, 2018 • 130 Comments But wait — these are the Boom Times!
What I Wrote to the White House about Trade & Tariffs by Wolf Richter • Sep 23, 2018 • 107 Comments That Trump is bungling the debate became clear when he was getting bashed like a sitting duck from all sides: Corporate America, China, the EU, other entities that would lose, and their propaganda outlets in the media.
Could California Flame Out? by John McNellis • Aug 5, 2018 • 112 Comments High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
An Unexpected Carbon Tax Proposal by Llewellyn King • Jun 25, 2018 • 56 Comments What’s surprising is who’s pushing it: dyed-in-the-wool, rock-ribbed Republicans.
Online Retailers Lose State Tax Subsidy by Wolf Richter • Jun 21, 2018 • 95 Comments Up to $13 billion in 2017. Brick-and-mortar gets some relief. Consumers not amused.
Nearly One-Third of U.S. Lottery Winners Declare Bankruptcy by Safehaven • Apr 17, 2018 • 86 Comments “I wish I’d torn that ticket up.”
The $73 billion in Voluntary Taxes (up 9%!) Consumers Pay Eagerly and with Great Excitement by Wolf Richter • Mar 29, 2018 • 72 Comments Lottery revenues soar. State-by-state. And the states need it!