Quick police response: I thought you said no one was available?
Posted By RichC on August 21, 2014
Posted By RichC on August 21, 2014
Posted By RichC on August 20, 2014
There were a few articles on VJ day this past weekend marking the anniversary of Victory over Japan and focused on the relief we felt ending World War II. While glancing at the front pages, it made me realize how the dollar has lost value … or if you’re dollar biased, how much goods and services have inflated.
Click image for large and to read the numbers.
For example, an issue of the Wall Street Journal sold for 7 cents in 1946 compared to the $2 per issue we see today – that’s a more than 2800% increase! I was thinking that college tuitions were inflated? Well I guess they are too … for example a full year at the University of Michigan would have cost $1125 in state ($1260 out of state) compared to $27,440 today ($40K out of state). Yikes … that non-resident number is an over 3000% increase!
Oil was also a bit cheaper “back in the day” at $1.41/barrel compared to $95/barrel today – an over 6000% increase … and even Gold at $34.71 has increased 3700%. What about on the earning side? Well using the St. Louis Fed numbers, the “average hourly earning of production and nonsupervisory employees in manufacturing” earned $1/hr in 1946, which compares to today average of $19.60/hr – a little less than a 2000% increase giving an average worker far less buying power for each hour of work when seeking an education, buying fuel, investing in gold or even reading a newspaper.
To be fair, there are a few areas where the dollar goes further. Milk was 70 cents per gallon and has increase far less than average wages (only 450%) … similar to other foods. Housing, according to Observations and Notes, remain on par with inflation, although like automobiles, it is hard to compare the average house/car in 1946 to what is considered average today. And how about technology? Radios, TVs, air conditioning and phones … perhaps not as important as food, or shelter, but most see them as “near” essentials.
But really, are things more expensive … or has the dollar been devalued … and what does the latest round of money printing suggest is in our future?
Posted By RichC on August 19, 2014
Don’t you wonder what it must have been like to be picking up a few hardware items in Portsmouth Ohio and hear this coming from a young man and an unfinished piano? Impressive. (after being told the FB was no longer working for someone, I’ll archive the video below the embed)
Posted By RichC on August 19, 2014
Last week my brother asked me to take a look at my dad’s 2001 Honda Odyssey because the power sliding rear doors had both failed.
The dealer quoted $200 EACH to fix the door and since both had failed we figured it might not hurt to rule out a fuse or relay. I stopped and took a quick look and all was fine in the well marked under the hood fuse box.
I stop for lunch on my way to north east Ohio with this quirky issue on my mind and decided to see if there might be an issue listed on the Internet. Hmm, maybe, so I scribbled down a few notes and transcribe into an email for my brother to try (he would be the next to see my dad)?
Posted By RichC on August 17, 2014
Author and writer Elmore Leonard is known for his crime fiction, but
he started out writing westerns. Leonard has written nearly two dozen novels and most of them are bestsellers (Glitz, Get Shorty, Maximum Bob and Rum Punch). Ten of his advice tips when it comes to being both a popular and respectable writer are:
Posted By RichC on August 16, 2014
While we wait for our Elio, it is interesting to watch the social networking buzz and behind the scenes engineering testing that goes into developing a new vehicle … like thinking about “hitting a moose.” ![]()
Let’s face it, hitting a moose is not good for any vehicle (or the moose). So, over the years, car makers in cold-weather climates such as Sweden and Finland developed a test that entailed steering hard to the left, then steering hard back to the right to simulate avoiding a large mass – or moose – on the road. In the US we call the European “Moose Test” the Consumer Reports Avoidance Maneuver (CR Maneuver or CRAM).
Today, the Moose Test is one of the standards for testing Electronic Stability Control (ESC), one of the most important safety innovations in recent automotive history. A 2012 study from the National Highway Traffic Safety Administration (NHTSA) found that more than 2,200 lives were saved by ESC from 2008 to 2010.
Safety is such an important focus of Elio Motors’ development, that adding ESC to the vehicle was an obvious choice. Therefore, having a world-class ESC supplier is an important part of the company’s long-term success. Fortunately, Elio Motors is working with its supplier partner Mando, a recent “Supplier of the Year” recipient.
Working from its Novi, Mich., North American Research & Development Center, Mando has developed an ESC system designed specifically to work with a three-wheel vehicle and to provide safety functionality in line with today’s safest vehicles.
Posted By RichC on August 15, 2014
Have you been wondering when the notoriously secretive Apple, known for innovative and culture shaping products, will have the next “one more thing?” We all suspect that TV is ripe for Apple-izing and that trendy wearables are ready for the iWatch, but besides those known in-the-works items, what else is up their sleeves? Will the Apple of “creating something we don’t even know we want yet” return?
Posted By RichC on August 14, 2014
The things I’m learning later in life. Huh, might have to give this a try?
Posted By RichC on August 13, 2014
Unbelievable rainfall causing flooding this morning in Long Island NY (photo above – Southern State Parkway near Exit 37 – Belmont Ave) this morning a day after watching the same thing happen in southeastern Michigan yesterday (photos below).
It is shocking to see these kinds of “highway” photos, but one can only imagine how many basements have been flooded. When I see these photos, I’m reminded that we need to think twice about buying used cars which may not have disclosed flood damage.
Posted By RichC on August 13, 2014
As both an automotive enthusiast and budget minded “frugalist,” I regularly grumble and complain about the cost of owning a car cars. From insurance and registration each year to the ever rising price of a new car and the fuel pumped into it, there seems to be no end to forking over dollars. Recently both my wife and I renewed our Ohio driver’s licenses and shook our heads at the longish DMV waits, only 4 year issues between renewals (some states are 10 years) and bureaucracy that we are willing put up with year after year. On the plus side, we now have efficient online auto registration and plate renewals and don’t stand in line for registration ever year.
Well I “was” complaining until I heard from my out of state grown children talk about their new states bureaucracy and fees. Hmm, as Ohioans we probably shouldn’t complain as corroborated by CNBC. They posted a 5 cheapest states to own a car list … and Ohio was #2 right behind the least expensive, Iowa.