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Key points: The F-35 fighter jet program’s lifetime cost is estimated to exceed $2 trillion, up from a 2018 estimate of $1.7 trillion. Sustainment costs increased by 44% to $1.58 trillion over the program’s lifetime. The Pentagon extended the projected life of the plane to 2088. In 2023, the average …
Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs pic.twitter.com/2mJA9hZb7v — Win Smart, CFA (@WinfieldSmart) April 16, 2024 Heard they are considering Chapter 11 bankruptcy. Glad I got to experience this authentic seafood once. A moment I’ll never forget for the rest of my life. https://t.co/p9KWxDxYxK — Ramp …
by confoundedinterest17 Biden and Congress have never met a project that they weren’t willing to fund (except a border wall with Mexico, of course). Inflation is heating up again as the Federal government continues to spend. 4-5% by November… US CPI on trend for 4-5% at US election in November. Source: …
via Mike Shedlock Let’s check in on the not exactly impressive energy and inflation results of Biden’s Inflation Reduction Act (IRA). Data from the BLS, chart by Mish Biden’s energy policy has been an inflationary disaster. And make no mistake, the IRA was nothing but energy policy, more precisely, climate …
Puerto Ricans faced a fuel shortage after a recent hurricane, with an oil tanker offshore ready to provide assistance. However, the US government prevented the oil tanker from docking due to the Jones Act, which prohibits non-US-built and -crewed ships from transporting goods between American ports. The Jones Act increases …
🚨 The American Healthcare System Is Being Overwhelmed By Illegal Migrants “Hospitals in sanctuary cities right now, New York City, Denver, San Diego, Chicago, Boston, tell us that they’re at risk of collapsing financially due to the overwhelming number of illegal migrants… pic.twitter.com/bir38w2FgH — Wall Street Apes (@WallStreetApes) April 3, …
New York City will move forward with a plan to give migrant families debit cards loaded with cash to buy food and baby supplies. NBC keeps asking Chicago how much they are spending to shelter illegal aliens. Chicago provided the numbers for 9 of the 27 shelters in the city: …
Real Estate Investors Turn to Lawyers After ‘Huge’ CO2 Shock @business #CMBS -Some investors may be unable to afford the renovations needed -Greener buildings, meanwhile, are fast gaining in value https://t.co/awZWoj91AJ — Daniel McNamara (@danjmcnamara) March 24, 2024 Real estate investors already battered by high interest rates now face the …
The classic “American Dream” — marriage, two kids, homes, healthcare, cars and education — is now an estimated $3,455,305 over the course of a lifetime, according to a new study from Investopedia. The key element of the study is that anyone can rise from “rags to riches,” enjoying upward mobility …
Making your life worse isn’t a side effect; it’s the goal. Without so much as a whisper of pushback from Congress, the White House is bulldozing forward with a regulatory proposal that could cost the average household up to $10,000 extra in water costs. But it’s not only President Joe Biden‘s campaign that is …
“Food costs hit 30 year high. Between ongoing inflation and shriveling real incomes, we’ve lost a generation of prosperity. For centuries each generation of Americans was richer than their parents — often twice as rich. This has now broken, whatever happy-talk government statisticians feed us. From food costs to life …
by confoundedinterest17 Director John Carpenter had two films, “Escape From New York” and the less popular “Escape From LA.” Carpenter’s vision of a dystopian future with Manhattan as a prison island, filled with criminals and Los Angeles as a just a weird, dystopian area filled with gangs and sleazebags. Apparently, Carpenter read George Orwell …
EV owners love their cars. But an 8 News Now Investigators’ examination of insurance costs and other money associated with ownership of electric vehicles shows the bottom line might be a lot higher than consumers realize.
via Mike Shedlock Auto insurance is up more than 20 percent from a year ago. In many places, private home insurance isn’t available at all. Consumers are steaming. Insurance data from the BLS, chart by Mish Insurance Chart Notes The auto insurance data series is straight from the BLS. Home …
by confoundedinterest17 Burn on, Bidenomics! The Biden administration is reportedly considering easing tailpipe emissions regulations, a move that was designed to force Americans from gas and diesel-powered vehicles to electric vehicles, according to The New York Times, citing three people familiar with the plan. This potential policy adjustment is in response to …
A Super Bowl Ticket Costs Roughly 11.7% Of The Median Household Income teaser image “…the average price for a Super Bowl ticket on the secondary market is $9,024…”Purchasing a ticket for the Super Bowl in 2024 costs roughly 11.7% of the median household income, according to a new study by …
https://twitter.com/GRomePow/status/1754733412274090244 https://t.co/VJVccx2GMx — Darth Powell (@VladTheInflator) February 6, 2024
A recent Axios survey reveals a significant shift in economic priorities, with 88% of respondents emphasizing gas, groceries, and housing costs over stock market performance. Moreover, 37% rate their financial situation as poor, signaling widespread challenges. This data prompts a reevaluation of traditional economic indicators, urging a focus on the …
Luckily, oil prices have fallen significantly from their highs. It's interesting that oil markets are not concerned about geopolitical tensions. This is offsetting some of the impact of higher shipping costs. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) January 16, 2024 https://twitter.com/spaghettimballs/status/1747306662032220188
This is a Motormouth couple car video discussing the cost to replace the battery in 2022 Hyundai IONIQ 5. After finding out that his battery protection cover was scratched, the owner was told the battery needed to be replace for more than he paid for the car brand new. Over …
Despite being the highest-earning generation, millennials grapple with a stark reality – their wealth lags significantly behind. The rising cost of living, outpacing wage growth, is a key culprit, creating financial strains on this demographic. Notably, prices have surged, with ground beef averaging $5.23, up from $3.89 in January 2020. …
Yep, I talked to the owner of a pizza place in Las Vegas last year. Great location amongst all the downtown casinos. His rent was 30k month. Probably 25 ft wide by 100 ft deep. 2500 sq feet. $64 for a large pepperoni or $8 slice. 468 pizza/month plus other …
California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for the first time in 2021, as it lost around 281,000 …
Inflation persists; container shipping costs skyrocketed overnight, with a container now costing up to $10k, compared to yesterday’s $1900. via CNBC: “With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of …
Unfortunately, illegal apartments are a growing problem in NYC and renting one has cost some families more than anyone could imagine.
via MSN: Millions of Americans are at risk of losing key modes of transportation as intercity bus depots close down en masse in many cities due to rising operation costs and loss of government funding, among other reasons. Made up of companies like Greyhound, Trailways, and Megabus, intercity bus lines offer …
by confoundedinterest17 Like the spaghetti western “The Good, The Bad And The Ugly,” Bidenomics has had similar effects on financing. Some good, some bad and a lot of uglies. The good! For investors like pension funds the own US Treasuries, inflation has led The Federal Reserve to raise interest rates. This is good …
Is McDonald's pricing themselves out of the fast food market? Their reputation was for cheap food. Now people are realizing that with higher minimum wages ($15 to $20 per hour) and high food costs, now McDonald's is costing just as much as restaurants with higher perceived… pic.twitter.com/GJuaRxlvdx — Wall Street …
Americans' savings rates slid again in the third quarter, per Axios: pic.twitter.com/sBEvKXNTjn — unusual_whales (@unusual_whales) December 14, 2023 The economic landscape in the United States is becoming increasingly challenging as Americans grapple with a combination of dwindling savings rates, soaring restaurant prices, and a weakening U.S. Dollar Index ($DXY). The …
by Brickhouse D We pay payroll taxes, I’m currently at 24%. Then we pay taxes on everything that we purchase with the money that we paid taxes on before we even got it deposited in our bank accounts. We also pay State income taxes. I own my home and my …