The American consumer is resistant to marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1874 Volts—its electric car introduced in 2010 with “high expectations.” That number might not sound so bad, until you read on to discover that it is equivalent to the number of Silverado pick-up trucks sold in one day.
The pope made headlines with his calls for action on climate change. USA Today touted: “Obama, Pope Francis praise each other on climate change.” In his September 23 speech from the White House lawn, the Pope addressed President Obama saying: “I find it encouraging that you are introducing an initiative for reducing air pollution.” Addressing that comment,Business Insider added: “He praised President Barack Obama for his proposals, which aim for the US to cut emissions by up to 28% over the next decade.”
What this amusingly quantifies is that money is a vital component of any and everything we do. Certainly for how we (allegedly – used to) organize our economy. “Capital” is the fundamental element of capital-ism. It is the engine that drives our yachts – right up alongside the happiness we all pursue.
This year marks one hundred years since the beginning of the First World War in the summer of 1914. The Great War, as it used to be called, brought great devastation in its wake. Millions of human lives were lost on the battlefields of Europe; vast amounts of accumulated wealth were consumed to cover the costs of combat; and battles and bombs left a large amount of physical capital in ruins. But the “war to end war,” as it was called, also resulted in another weapon of economic mass destruction – an orgy of paper-money inflations.
If the Fed further destabilizes the economy, the dollar will probably further decline, as who will want to buy dollars to invest in a declining economy only continuously threatened with even higher tax and regulatory burdens?
The Left wants the Internet and cellular market much more heavily regulated – like they do in Europe. Again, the Barack Obama Administration is (in unilateral, Congress-free fashion) delivering.
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TweetThe Big Government, Never-Enough-of-Your-Coin-Coalition – Internet Division – is at it yet again. The Barack Obama Administration has since it’s inception been very active in over-regulating the Web – for[…]
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TweetPresident Barack Obama has for five-plus years said and done two contradictory things regarding the United States’ economy. 1) He has repeatedly said that he wants the private sector to recover –[…]