American Economics Thread

Strangelove

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Zaid, an Afghan immigrant who made a new life in the United States over three decades ago, has made a chilling comparison between the rampant crime in San Francisco and his native war-torn Afghanistan.

The proprietor of Cigarettes R Cheaper, a tobacco store located in the Democrat-governed city, Zaid told
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that the criminal elements in the city have pilfered merchandise and cash totaling over $100,000 from his business with impunity.

Expressing his dismay, Zaid said, "The politicians need to get a grip on this because it's worse than Afghanistan or Iraq. At least in Afghanistan the Taliban will cut your hand off and people are afraid to commit such a crime."

He noted the increasing incidence of robberies in the city, attributing the crime wave to the apparent lack of decisive police intervention.

Zaid shared a harrowing account of seven thieves ransacking his store for a lengthy 20 minutes, only to escape in two cars before police arrived.

He lamented, "We have drugs issue, we have homeless issue, and on top of this these idiots come in here and take whatever they want. The city has gone downhill, especially the last two years since COVID, I’ve never seen it worse. People are afraid to come shopping here because they are either going to get robbed or someone will break into their car."

Facing an increasingly unsafe city, Zaid is contemplating shuttering his store, citing safety as his foremost concern. His narrative isn't isolated, with other businesses in the city suffering similarly. This past April, a downtown San Francisco Whole Foods closed its doors, with a city hall insider attributing the closure to nearby criminal activity and drug use.

Whole Foods maintained a
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on reopening the location, stating, "We are closing our Trinity location only for the time being. If we feel we can ensure the safety of our team members in the store, we will evaluate a reopening of our Trinity location."

San Francisco's downtown district has seen its vitality dwindle in the aftermath of government-imposed lockdowns. Retail giant Nordstrom also announced plans to close both of its downtown department stores in the upcoming months, signaling an uncertain future for commerce in the city.
 

horse

Colonel
Registered Member
San Francisco's downtown district has seen its vitality dwindle in the aftermath of government-imposed lockdowns. Retail giant Nordstrom also announced plans to close both of its downtown department stores in the upcoming months, signaling an uncertain future for commerce in the city.

Damn, who would have guessed it?

San Francisco is turning into another famous American city, yes that famous place called "Murder City," that is Detroit, MI.

Detroit downtown along with its black neighbourhoods, decayed then rotted away, due to the decline of the American auto industry.

The same process seems to happening to San Francisco downtown, where it is in decay and appears to be rotting away, but this is due to the abandonment for law and order.

Who knew? Detroit, the future of American cities!

:oops:
 

luminary

Senior Member
Registered Member
SF isn't that bad yet, these people are just spoiled by normal living conditions. Crisis is a little exaggerated. Just watch out and make sure not to trip over any heroin needles when you're in certain parts of the city. Don't keep anything in your car and keep it unlocked so the thieves won't break the doors getting in. Easy peasy :rolleyes:


These stores are closing down probably because
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.


Oakland, CA is also in the Bay Area but far more dangerous. Detroit is murder alley. Most Mexico border-adjacent cities like Albuquerque have active 'war zones'.



Who knew? Detroit, the future of American cities!
If I had to go back to Detroit, this would be my reaction:
 

Philister

Junior Member
Registered Member
Damn, who would have guessed it?

San Francisco is turning into another famous American city, yes that famous place called "Murder City," that is Detroit, MI.

Detroit downtown along with its black neighbourhoods, decayed then rotted away, due to the decline of the American auto industry.

The same process seems to happening to San Francisco downtown, where it is in decay and appears to be rotting away, but this is due to the abandonment for law and order.

Who knew? Detroit, the future of American cities!

:oops:
Isn’t it normal in US history? When economy went down, crime rate rise up, maybe it’ll be fine in a decade or two when the economy improves?
 

HighGround

Senior Member
Registered Member
Isn’t it normal in US history? When economy went down, crime rate rise up, maybe it’ll be fine in a decade or two when the economy improves?
That's normal in "history" everywhere. Crime is correlated with economic fortunes. This is also why you see particularly bad crime in run-down areas like Detroit. Although Detroit really isn't as bad anymore as people think. It's one of the worst areas in America, but crime used to be really really bad in America.

Of course the recent up-tick in crime isn't really related to the economy. Cultural and social forces have really done a number on American society. On the one hand, you have massive de-criminalization of marijuana (probably a good thing) and drug possession (mixed bag). On the other you have armies of cops who are conflicted between shooting every minority they see, or simply refusing to do their jobs because people are saying mean things about them online.

It's a sad state of affairs that my country can hopefully get through and find some sort of reasonable solution/s.
 

Philister

Junior Member
Registered Member
That's normal in "history" everywhere. Crime is correlated with economic fortunes. This is also why you see particularly bad crime in run-down areas like Detroit. Although Detroit really isn't as bad anymore as people think. It's one of the worst areas in America, but crime used to be really really bad in America.

Of course the recent up-tick in crime isn't really related to the economy. Cultural and social forces have really done a number on American society. On the one hand, you have massive de-criminalization of marijuana (probably a good thing) and drug possession (mixed bag). On the other you have armies of cops who are conflicted between shooting every minority they see, or simply refusing to do their jobs because people are saying mean things about them online.

It's a sad state of affairs that my country can hopefully get through and find some sort of reasonable solution/s.
Speaking of police shooting minorities, I’m wondering are there as many non-white police officers as movies portrayed? Would things be less risky when the police officers are minorities themselves or they are just as fierce as white cops?
 

dingyibvs

Junior Member
Speaking of police shooting minorities, I’m wondering are there as many non-white police officers as movies portrayed? Would things be less risky when the police officers are minorities themselves or they are just as fierce as white cops?
There are a lot of non-white cops. The issue is that minorities, specifically blacks and Hispanics, are in fact much more likely to violently confront the police. With the number of guns in the US violent often means deadly. Cops of all races need to protect their own lives first, and racial-profiling is a way for them to do so.

With that said, there's also a lot of unwarranted outright racism within the group of white police officers. These are two different and only partially related issues.

The problem facing the US right now is extremism. Many fall on extreme ends of the political spectrum as they would either blame everything on racism and turn a blind eye on individual responsibility for crime, or blame everything on dangerous minorities and justify racism. Few want to acklowedge that both are issues, that they have different causes, and that they need to be addressed concurrently via different means.
 

siegecrossbow

General
Staff member
Super Moderator
America will beat China with (really) young talent....and its completely fine; democratic child labor/exploitation is totally ethical and legal. Those who oppose child labor are depriving kids of professional opportunities and freedom.


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Kids could fill labor shortages, even in bars, if these lawmakers succeed​


By Harm Venhuizen

MADISON, Wis. (AP) — Lawmakers in several states are embracing legislation to let children work in more
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, for more hours on school nights and in expanded roles, including serving alcohol in bars and restaurants as young as 14.
The efforts to significantly roll back labor rules are largely led by Republican lawmakers to address worker shortages and, in some cases, run afoul of federal regulations.
Child welfare advocates worry the measures represent a coordinated push to scale back hard-won protections for minors.
Related coverage
“The consequences are potentially disastrous,” said Reid Maki, director of the Child Labor Coalition, which advocates against exploitative labor policies. “You can’t balance a perceived labor shortage on the backs of teen workers.”

Lawmakers proposed loosening child labor laws in at least 10 states over the past two years, according to a
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published last month by the left-leaning Economic Policy Institute. Some bills became law, while others were withdrawn or vetoed.

Legislators in Wisconsin, Ohio and Iowa are actively considering relaxing child labor laws to address worker shortages, which are driving up wages and contributing to inflation. Employers have struggled to fill open positions after a spike in retirements, deaths and illnesses from COVID-19, decreases in legal immigration and other factors.

The job market is one of the tightest since World War II, with the unemployment rate at 3.4% — the lowest in 54 years.

Bringing more children into the labor market is, of course, not the only way to solve the problem. Economists point to several other strategies the country can employ to alleviate the labor crunch without asking kids to work more hours or in dangerous settings.

The most obvious is allowing more legal
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, which is politically divisive but has been a cornerstone of the country’s ability to grow for years in the face of an
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. Other strategies could include incentivizing older workers to delay retirement, expanding
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and making child-care more affordable, so that parents have greater flexibility to work.

In Wisconsin, lawmakers are backing a proposal to
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in bars and restaurants. If it passed, Wisconsin would have the lowest such limit nationwide, according to the National Institute on Alcohol Abuse and Alcoholism.

The Ohio Legislature is on track to pass a bill allowing students ages 14 and 15 to work until 9 p.m. during the school year with their parents’ permission. That’s later than federal law allows, so a companion measure asks the U.S. Congress to amend its own laws.

Under the federal Fair Labor Standards Act, students that age can only work until 7 p.m. during the school year. Congress passed the law in 1938 to stop children from being exposed to dangerous conditions and abusive practices in mines, factories, farms and street trades.

Republican Arkansas Gov. Sarah Huckabee Sanders signed a law in March eliminating permits that required employers to verify a child’s age and a parent’s consent. Without work permit requirements, companies caught violating child labor laws can more easily claim ignorance.

Sanders later signed separate legislation raising civil penalties and creating criminal penalties for violating child labor laws, but advocates worry that eliminating the permit requirement makes it significantly more difficult to investigate violations.

Other measures to loosen child labor laws have been passed into law in New Jersey, New Hampshire and Iowa.

Iowa Republican Gov. Kim Reynolds signed a law last year allowing teens aged 16 and 17 to work unsupervised in child care centers. The state Legislature approved a bill this month to allow teens of that age to serve alcohol in restaurants. It would also
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. Reynolds, who said in April she supports more youth employment, has until June 3 to sign or veto the measure.

Republicans dropped provisions from a version of the bill allowing children aged 14 and 15 to work in dangerous fields including mining, logging and meatpacking. But it kept some provisions that the Labor Department says violate federal law, including allowing children as young as 14 to briefly work in freezers and meat coolers, and extending work hours in industrial laundries and assembly lines.

Teen workers are more likely to accept low pay and less likely to unionize or push for better working conditions, said Maki, of the Child Labor Coalition, a Washington-based advocacy network.

“There are employers that benefit from having kind of docile teen workers,” Maki said, adding that teens are easy targets for industries that rely
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such as immigrants and the formerly incarcerated to fill dangerous jobs.

The Department of Labor reported in February that child labor violations had increased by nearly 70% since 2018. The agency is increasing enforcement and asking Congress to allow larger fines against violators.

It fined one of the nation’s largest meatpacking sanitation contractors
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after investigators found the company illegally employed more than 100 children at locations in eight states. The child workers cleaned bone saws and other dangerous equipment in meatpacking plants, often using hazardous chemicals.

National business lobbyists, chambers of commerce and well-funded conservative groups are backing the state bills to increase teen participation in the workforce, including Americans for Prosperity, a conservative political network and the National Federation of Independent Business, which typically aligns with Republicans.

The conservative Opportunity Solutions Project and its parent organization, Florida-based think tank Foundation for Government Accountability, helped lawmakers in Arkansas and Missouri draft bills to roll back child labor protections, The Washington Post reported. The groups, and allied lawmakers, often say their efforts are about expanding parental rights and giving teenagers more work experience.

“There’s no reason why anyone should have to get the government’s permission to get a job,” Republican Arkansas Rep. Rebecca Burkes, who sponsored the bill to eliminate child work permits, said on the House floor. “This is simply about eliminating the bureaucracy that is required and taking away the parent’s decision about whether their child can work.”

Margaret Wurth, a children’s rights researcher with Human Rights Watch, a member of the Child Labor Coalition, described bills like the one passed in Arkansas as “attempts to undermine safe and important workplace protections and to reduce workers’ power.”

Can these lawmakers please lead by example and send their kids first?
 

Strangelove

Colonel
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Nothing is working out for America is it? China's de-risking and buying from Brazil.

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Corn Prices Set to Soar After Midwest Hit by Worst Drought in 30 Years​

By
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On 6/6/23 at 3:00 AM EDT

Corn Prices Set to Soar After Midwest Hit by Worst Drought in 30 Years


An unusually dry May in the Midwest has raised concerns over this year's corn crop in the Corn Belt, the region stretching from the panhandle of Texas up to North Dakota and east to Ohio which dominates the country's corn production.

On May 25, the National Integrated Drought Information System (NIDIS) released an early warning report saying that about 27 percent of the Midwest was experiencing an abnormally dry period that could lead to a drought, while 9 percent is already experiencing a drought.

According to the agency, the region has been much drier than normal in the past four to six weeks, and conditions are expected to worsen in the following weeks, possibly extending the areas affected by droughts. While this is not a new issue for the Midwest, it is early in the year for the region to experience such a dry period.

Crop Midwest

A farmer harvests soybeans in a field along the Mississippi River on October 17, 2022 near Wyatt, Missouri. Scott Olson/Getty Images

The U.S. Department of Agriculture (USDA) forecasted the country's corn production to reach a record-high 15.3 billion bushels this year, but if dry temperatures carry on in the next few weeks, these could have a significant negative impact on the corn crops in the Midwest, as the region could face the worst drought in 30 years, since the 1983–1985 North American drought.

The USDA's National Agricultural Statistics Service recently reported increasingly dry topsoil, poor pasture conditions in Missouri, and limited moisture for newly planted crops.

"We have very high temperatures all the way up through the northern plains of the Midwest, which impacts more than just corn and soybeans—it's impacting other crops as well," Curt Covington, senior director of partner relations at
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, America's largest nonbank agricultural lender, told Newsweek.

"This is not unusual, we have seen this before," he continued, adding that this year's crop, so far, looks strong and very healthy. "But we need some rain. If we don't have some rain come this summer, it's going to impact the corn crop."

Covington specifies that widespread droughts in the Midwest wouldn't translate into the classic "doomsday" scenario, a shortage of corn, but into a surge in corn prices which would eventually weigh on consumers.

"If the drought continues and it becomes more severe and carries on for a bit, I think you could see a 10- to 15-percent reduction in the amount of actual corn crop," Covington said. "My view is that corn prices are going to continue to rise, not just because this year's crop could be off a bit, but in expectation of commercial offtake of the corn. There just isn't a lot of stock available."

Covington says that the stock-to-use ratio of corn—a measure of supply and demand for a given commodity—is "the lowest level it's been for years," suggesting a tight supply of corn already, which would only be exacerbated by a cut in production because of droughts.

Covington said that it is "a little too early to tell" how much corn prices could increase if dry conditions continue. "Obviously it's a global crop, and how the crops shape up in other parts of the world this summer will determine the global price of corn and soybeans," he said.

"I would say that if we start seeing that the corn is not progressing well and that it's not in good condition, meaning the quality of the crop and the number of bushels expected to be produced—if that were to fall below, say, 15 billion bushels come July, corn prices could go up $0.25 to $0.50 a bushel."

Global corn prices have remained high after Russia's invasion of Ukraine first hindered supply across the world, while dry conditions in the U.S. have impacted the domestic market. On a global level, the price of corn rose by 0.08 percent a bushel on Monday,
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e
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Some 10 million bushels of corn are produced in the Corn Belt each year, with production having exploded in the last 50 years. As the region is expected to become hotter in the coming years and decades, farmers are already trying to adapt by cultivating drought-resistant crops, on which the future of the region's economy will likely depend.

USDA data shows that 34 percent of the region is currently in drought, while 28 percent of the soybean crop is experiencing drought conditions.
 
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