Tag: Economy

The Political Overreaction to Walmart’s P.R. Strategy

Tuesday was a pivotal day in American history, judging from certain corners of the political commentariat. That morning, Walmart CEO Doug McMillon declared that “the status quo is unacceptable,” announcing the company would cease selling handguns, assault-weapon ammunition (it already stopped selling the weapons themselves), and politely discourage its customers from openly carrying guns in […]

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The Fall of the Meritocracy

In 1958, sociologist Michael Young wrote a dark satire called The Rise of the Meritocracy. The term “meritocracy” was Young’s own coining, and he chose it to denote a new aristocracy based on expertise and test-taking instead of breeding and titles. In Young’s book, set in 2034, Britain is forced to evolve by international economic […]

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The New American Homeless

Last August, Cokethia Goodman returned home from work to discover a typed letter from her landlord in the mailbox. She felt a familiar panic as she began to read it. For nearly a year, Goodman and her six children—two of them adopted after being abandoned at birth—had been living in a derelict but functional three-bedroom […]

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Do Democrats Have a Plan for the Next Recession?

The recession alarm bells are sounding. Anxiety about the direction of the global economy has been growing for some time, amid concern about President Trump’s trade war with China, economic slowdowns in major economies like China and Germany, and Brexit. On Wednesday, the country received perhaps the strongest signal yet of an upcoming recession when […]

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QOTD: Thinking Small Again?

<img data-attachment-id="1594126" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range.jpg" data-orig-size="1280,961" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="2018 Ford Europe Fiesta range" data-image-description=" Image: Ford ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-450×338.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-610×458.jpg” class=”aligncenter wp-image-1594126 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-610×458.jpg” alt=”2018 Ford Europe Fiesta range – Image: Ford” width=”610″ height=”458″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-610×458.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-75×56.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-450×338.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-768×577.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-120×90.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range.jpg 1280w” sizes=”(max-width: 610px) 100vw, 610px”> If the global economy were weather, yesterday […]

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Ford and GM Prep for Economic Hardship

<img data-attachment-id="1684824" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg" data-orig-size="1000,600" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="ford mustang chevrolet camaro" data-image-description=" Sergey Akhrameev/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” class=”aligncenter size-large wp-image-1684824″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” alt width=”610″ height=”366″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-75×45.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-768×461.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-120×72.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> With another global recession looming on the horizon, executives at General Motors and Ford are […]

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The Cruelty of Trump’s Attack on Food Stamps

As a candidate, Donald Trump frequently promised to “fix” poverty. As president, he has continued to make a big show of concern for poor Americans. “We want to lift every American family out of poverty and into a future of hope and opportunity,” he said recently. For the past few months, Trump has bragged—with a […]

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New York’s Invisible Climate Migrants

When Harold Jones first bought his home in Canarsie in 1991, he was struck most by the tall trees lining the street. Today, he’s more struck by the “For Sale” signs standing in their place. The trees went first, and quickly. During Hurricane Sandy in 2012, the waters of the Jamaica Bay inlet that borders […]

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An Economy in Waiting

The 2020 Democratic field now teems with proposals to mitigate rampaging wealth and income inequality, from Kamala Harris’s plan to increase tax credits for low- and moderate-income families to Elizabeth Warren’s wealth tax. Such plans overlook, however, the principal set of relations that skew American capitalism upward: the ownership and operational control of business enterprises.
 […]

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Democrats Should Attack the Trump Economy

Donald Trump tried to turn Independence Day into a celebration of himself. It was— thanks to poor planning, bad weather, and his hubris—a catastrophe. But a day later, Trump found another, less expensive way to throw a victory parade: The release of the unexpectedly good jobs numbers from June. “Record 157,005,000 Employed; 19th Record of […]

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