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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
Dior pays $57 for handbags that retail for $2800, Armani pays $99 for bags that retail for $1900
https://www.businessinsider.com/dior-italy-labor-investigation-contractors-lvmh-armani-luxury-bags-2024-7
https://redd.it/1durdfi
@r_econ
Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'
https://www.businessinsider.com/social-security-no-savings-snap-benefits-debt-boomers-experiences-2024-6
https://redd.it/1dukgjc
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Believe it or not, there is a housing surplus—but not for people who can’t afford a home, study finds
https://finance.yahoo.com/news/believe-not-housing-surplus-not-210331084.html
https://redd.it/1duh1me
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The Supreme Court’s War on Regulation Is Going to Tank the Economy
https://newrepublic.com/article/183416/supreme-court-chevron-endangers-economy
https://redd.it/1duekp4
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16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'
https://www.ibtimes.co.uk/16-nobel-prize-economists-say-joe-bidens-economic-agenda-vastly-superior-donald-trump-1725178
https://redd.it/1du9f91
@r_econ
Powell encouraged by cooler inflation data: 'We are getting back on a disinflationary path'
https://finance.yahoo.com/news/powell-encouraged-by-cooler-inflation-data-we-are-getting-back-on-a-disinflationary-path-142545348.html
https://redd.it/1du9rvz
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China’s Investment Bankers Join the Communist Party as Morale (and Paychecks) Shrink
https://www.bloomberg.com/news/features/2024-07-02/china-s-top-bankers-are-embracing-xi-jinping-thought-chinese-communist-party
https://redd.it/1du3j4t
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Office vacancies set a new all-time high, ‘breaking the 20% barrier for the first time in history’
https://fortune.com/2024/07/02/office-vacancies-all-time-high-moodys/
https://redd.it/1dtxg9c
@r_econ
The Coming Labor Shortage Is Not Good News
https://www.theatlantic.com/podcasts/archive/2024/07/labor-shortage-aging-workforce-economy-job-market/678840/?utm_source=reddit&utm_medium=social&utm_campaign=the-atlantic&utm_content=edit-promo
https://redd.it/1dtu5k4
@r_econ
16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'
https://www.ibtimes.co.uk/16-nobel-prize-economists-say-joe-bidens-economic-agenda-vastly-superior-donald-trump-1725178
https://redd.it/1dtpv9i
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Gen Zers are so disillusioned with the economy that many think it’s okay to commit fraud
https://metropost.us/gen-zers-are-so-disillusioned-with-the-economy-that-many-think-its-okay-to-commit-fraud/
https://redd.it/1dtlan6
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'Something has to give'—Warren Buffett advocates for higher corporate taxes
https://creditnews.com/policy/warren-buffetts-views-on-tax-revealed-as-new-details-of-will-emerge/
https://redd.it/1dtlzft
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Project 2025 Is A Blueprint For Business Disaster
https://www.forbes.com/sites/jeffraikes/2024/07/01/project-2025-is-a-blueprint-for-business-disaster/
https://redd.it/1dtjpma
@r_econ
Police say a man shot a Walmart drone. Armed Americans could pose a headache for air deliveries.
https://www.businessinsider.com/man-arrested-charged-shooting-delivery-drone-retailer-challenge-2024-7
https://redd.it/1dtadp5
@r_econ
‘Upflation’ Is the Latest Retail Trend Driving Up Prices for US Consumers
https://www.bloomberg.com/news/features/2024-07-01/what-s-upflation-new-retail-trend-is-driving-up-prices-for-us-consumers
https://redd.it/1dta6k3
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Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
https://www.businessinsider.com/russia-economy-world-bank-upgrade-high-income-country-war-sanctions-2024-7
https://redd.it/1duce1a
@r_econ
Illegal crossings at U.S.-Mexico border fall to 3-year low, the lowest level under Biden
https://www.cbsnews.com/news/border-crossings-us-mexico-border-june-2024/
https://redd.it/1duiivz
@r_econ
Ford CEO say Americans need to break their “addiction” to trucks and SUVs. Ford recently stopped making cars, and now ONLY makes trucks and SUVs
https://preview.redd.it/ube3uag1cbad1.jpg?width=825&format=pjpg&auto=webp&s=3e99311d8214b8f9092c86452ab88eee80ddf16d
Photo above - electrified Ford 150 lightning, in search of a charging station?
(full disclosure – this writer currently drives a Kia, and has never owned an F150)
When the CEO of America’s largest truck maker says stop buying trucks, is that good advice, or cynical PR concocted by the boardroom? Wait, it can be both things at once, can’t it? (see link below)
Jim Farley (Ford) went on to promise they were working on a $30,000 electric car. There were no prototypes or even drawings shown. Ford currently makes only 2 electric vehicles: the $60,000 Mach-E SUV, and the $90,000 “lightning” battery powered pickup. American automakers pay UAW assembly line workers $140,000 annually under the recently signed contract. The union landed this deal after President Biden joined them on the picket line. Whether our president was intellectually impaired when he did this is a matter of conjecture. Whether Ford CEO Farley is intellectually impaired is perhaps equally a matter of conjecture.
There IS, of course a solution to the impossibility of $140,000 guys with screwdrivers and pliers kicking out $30,000 electric cars. They can be built in Mexico. Or Ford could buy them from China, and rebadge them with a blue oval. Seriously . . . if you can see any other way for this to happen, please share the good news in your reply.
The Kia that I own was built in the USA. Someplace like Kentucky or Tennessee, I believe. It cost $30,000, +/-. Because it runs on gasoline, there aren't $10-$20,000 worth of lithium ion cells, weighing 800 pounds, strapped under the floorboards. Kia’s similarly sized electric car starts at around $45,000, and can quickly top $50K if you think the base model is too humdrum.
I do believe one day that I WILL drive a $30,000 electric car. I DON'T believe it will be made by Ford or General Motors. I don’t believe the assembly line workers making these cars could possibly be paid twice or three times what a teacher earns, no matter how quick on the draw they are with their pliers. And I don’t believe anyone will need massive tax incentives to buy a $30,000 electric car.
I’m just sayin’ . ..
**~Ford CEO says American car buyers need to break this addiction (msn.com)~**
https://redd.it/1dufl2n
@r_econ
Market forces are not enough to halt climate change — Investor returns imply that the welfare of future human beings is close to irrelevant
https://www.ft.com/content/b2b6fb7a-9477-4485-a9e3-435b5e9c987e
https://redd.it/1dudz34
@r_econ
America is becoming a third world country
https://redd.it/1duc5ve
@r_econ
16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'
https://www.ibtimes.co.uk/16-nobel-prize-economists-say-joe-bidens-economic-agenda-vastly-superior-donald-trump-1725178
https://redd.it/1du9flj
@r_econ
JPMorgan's Chief Strategist Reiterates Bearish Outlook, Says The S&P 500 Will Fall 23% By Year-end
https://www.ibtimes.co.uk/jpmorgans-chief-strategist-reiterates-bearish-outlook-says-sp-500-will-fall-23-year-end-1725181
https://redd.it/1dttf2h
@r_econ
Obsession with growth is enriching elites and killing the planet. We need an economy based on human rights | Olivier De Schutter
https://www.theguardian.com/global-development/article/2024/jul/02/obsession-with-growth-is-enriching-elites-and-killing-the-planet-we-need-an-economy-based-on-human-rights-olivier-de-schutter
https://redd.it/1dtsn62
@r_econ
When every major corporation is structured as a brutal oligarchy, what kind of society results?
https://redd.it/1dtp774
@r_econ
Powell encouraged by cooler inflation data: 'We are getting back on a disinflationary path'
https://finance.yahoo.com/news/powell-encouraged-by-cooler-inflation-data-we-are-getting-back-on-a-disinflationary-path-142545348.html
https://redd.it/1dtnumy
@r_econ
16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'
https://www.ibtimes.co.uk/16-nobel-prize-economists-say-joe-bidens-economic-agenda-vastly-superior-donald-trump-1725178
https://redd.it/1dtkxpq
@r_econ
Analysis: The world is sitting on a $91 trillion time bomb. ‘Hard choices’ are coming | CNN Business
https://www.cnn.com/2024/07/02/economy/global-debt-crisis/index.html
https://redd.it/1dtjq1w
@r_econ
Greece introduces ‘growth-oriented’ six-day working week
https://www.theguardian.com/world/article/2024/jul/01/greece-introduces-growth-oriented-six-day-working-week
https://redd.it/1dthohr
@r_econ
If austerity was not the solution to the 2008 global financial recession, what should we have done instead?
https://redd.it/1dt01iy
@r_econ
CBS News price tracker shows how much food, utility and housing costs are rising
https://redd.it/1dsvke5
@r_econ
