Once upon a time the United States had the largest and most vibrant middle class in the history of the world, but now the middle class is steadily being eroded. The middle class became a minority of the population for the first time ever in 2015, and just recently I wrote about a new survey that showed that 78 percent of all full-time workers in the United States live paycheck to paycheck at least part of the time. But most people still want to live the American Dream, and so they are going into tremendous amounts of debt in a desperate attempt to live that kind of a lifestyle
I read the last item and then look at Trump's Cabinet. No wonder Washington, DC is in a turmoil. Trump's picks are bosses who expect their employees to work. These are Eye Opening Numbers. This is what bothers a lot of people about Trump. He won't accept a ‘can't do’ attitude, or inexperienced, incompetent performance. He will get results; it just might not be smooth or pretty.
After we first reported last week that US credit card debt once again rose above $1 trillion, despite a recent sharp downward revision to the data, while both student and auto loans rose to a fresh record high...
Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population
Thanks to God’s grace through Harvey Weinstein, we’ve gotten a reminder:
You can pretend that up is down and wrong is right for a while – maybe even a very long while – but eventually the gig is up. Eventually reality crushes any fantasy built on an unbiblical foundation.
That’s just how things work in God’s creation.
Always has been. Always will be.
Whenever I write about our "retail apocalypse", many try to counter my arguments by pointing out the growing dominance of Amazon. And I certainly can't deny that online shopping is on the rise, but it still accounts for less than 10 percent of total U.S. retail sales. No, something bigger is happening in our economy, and it isn't receiving nearly enough attention from the mainstream media.
Dropping the Dollar:
Venezuela Lists Oil Price in Chinese Yuan
Did you know this LABOR DAY history?
To appreciate it, one needs to know the history preceding it.
China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar
In a direct challenge to U.S. imperialism, China's yuan-denominated contracts - backed by gold -will let oil exporting countries bypass using the U.S. petrodollar
Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse
Slowly but surely it is becoming increasingly clear to public workers in states with massively underfunded pensions that they've been lied to for the past several decades as their states can't possibly afford to pay for the retirement they've all been promised.
Facial Recognition to be Used at Singapore Airport
When a new terminal opens at the Singapore Changi Airport later this year, passengers might be able to check-in and board a plane without speaking to another person but they will be scanned using new facial recognition technology
Chinese KFC Planning Facial Recognition Payments For Meals
Customers will be able to use a “Smile to Pay” facial recognition system at the tech-heavy, health-focused concept store, part of a drive by Yum China Holdings Inc to lure a younger generation of consumers.
The Ugly Truth About the Minimum Wage
The economic ignorance of the “Let’s Raise the Minimum Wage” gang is matched only by their smugness. In their confused, economically-illiterate universe, you either advocate for an increase in the minimum wage or you hate poor people.
Electric Car Costs…
At a neighborhood bbq I was talking to a neighbor, a BC Hydro executive. I asked him how that renewable thing was doing. He laughed, then got serious. If you really intend to adopt electric vehicles, he pointed out, you had to face certain realities. For example, a home charging system for a Tesla requires 75 amp service.
Archive of this story 2017_07_07 Electric Car Costs.pdf