High prices are driving more motorists to rent tires.
'Chains such as Rent-a-Wheel and Rimco are seeing business boom. Many consumers pay double or triple the cost of buying and face aggressive repossession policies.' 'Customers pay huge premiums for their tires, sometimes four times above retail. Those who miss payments may find their car on cinder blocks, stripped of their tires by dealers who aggressively repossess. Tire rental contracts are so ironclad that even a bankruptcy filing can't make them go away.' [LA Times link; use privacy setting in browser]. [more inside]
posted by VikingSword
on Jun 8, 2013 -
"We decided to go on an adventure through the financial statements of one bank
[Wells Fargo], to explore exactly what they do and do not show, and to gauge whether it is possible to make informed judgments about the risks the bank may be carrying. We chose a bank that is thought to be a conservative financial institution, and an exemplar of what a large modern bank should be."
posted by vidur
on Jan 14, 2013 -
Political revolution, the Tea Party, and Occupy Wall Street notwithstanding, what actual policy steps could be taken to prevent the U.S. from falling into a Japanese-like decade of stagnation (or worse)? Economists from the New America Foundation
offer a rather balanced, clearly articulated, and comprehensive proposal: The Way Forward
. [more inside]
posted by GnomeChompsky
on Oct 11, 2011 -
Paul Krugman and Robin Wells have a long two-part essay in the
New York Review of Books on the current economic slump.
The Slump Goes On: Why?
The Way Out of the Slump
Since around June 2009 many indicators have been pointing up: GDP has been rising in all major economies, world industrial production has been rising, and US corporate profits have recovered to pre-crisis levels.
Yet unemployment has hardly fallen in either the United States or Europe--which means that the plight of the unemployed, especially in America with its minimal safety net, has grown steadily worse as benefits run out and savings are exhausted. And little relief is in sight: unemployment is still rising in the hardest-hit European economies, US economic growth is clearly slowing, and many economic forecasters expect America's unemployment rate to remain high or even to rise over the course of the next year. [more inside]
posted by russilwvong
on Sep 28, 2010 -
The Downie/Schudson Report, as it's widely called, is cautiously optimistic that journalism will survive, but doesn't beat around the bush. It urges a number of fairly radical, controversial suggestions on how to reinvent the news media without killing "accountability journalism," that critical, dirt-digging, power-questioning but expensive journalism America is famous for.
posted by jason's_planet
on Oct 29, 2009 -
In the name of transparency, all the Fed’s stimulus-spending data will be posted at a new government site, Recovery.gov
- more than a minor victory for the democracy, it could be a stimulus in and of itself
- databases released in machine-readable formats - like RSS, XML, and KML—spawn new business and grease the wheels of the economy.
posted by stbalbach
on Feb 18, 2009 -
TARP, SSFIP, EESA, CPP, TALF, MMIFF... Are you feeling overwhelmed by all the new acronyms coming out of the US Treasury Department lately? Here's a handy PDF reference guide
to untangling the US government efforts to rescue banks, financial corporations, and other companies.
posted by Asparagirl
on Dec 29, 2008 -
Letter from Iceland. There you see the Iceland of today – the victim of an economic 9/11 and one of the very few places in the world where the words “financial meltdown” can be used without fear of exaggeration. [more inside]
posted by jason's_planet
on Nov 15, 2008 -