The Daily Populous

Sunday July 17th, 2022 morning edition

image for Car repossessions are surging — a troubling sign for the used car market

There's a troubling situation spreading among car owners that could portend an implosion of the used car industry, according to a new report.

Repossessions occur when a borrower falls behind on their car payments, giving the lender the right to seize the vehicle.

The rise in repossessions comes after car prices surged during the pandemic, as auto manufacturers struggled to meet demand amid chip shortages and other issues.

Used car prices rose particularly sharply, with the average used car price jumping almost 17% in May to more than $32,000.

"You have used car prices skyrocketing and people having to borrow more and more to get their hands on a car," Beilfuss Popeo said.

That's caused concerns among experts that the used car market is in a "bubble," Beilfuss Popeo noted. »

Ted Cruz Says SCOTUS 'Clearly Wrong' to Legalize Gay Marriage

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We saw states before Obergefell—some states were moving to allow gay marriage, other states were moving to allow civil partnerships.

"In Obergefell the Court said, 'no, we know better than you,' and now every state must sanction and permit gay marriage," he said.

Polling by Gallup from May 2021 showed that 70 percent of the U.S. population approves of gay marriage. »

Hear ye, hear ye: Medieval Times cast forms its first-ever union in NJ

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“We are excited to have won our union and grateful for the solidarity shown by our coworkers,” Medieval Times Performers United said in an emailed statement.

“We look forward to working with management to create a fairer, safer, and more enjoyable Medieval Times,” it said.

The article has been updated to include the email Medieval Times CEO Perico Montaner sent to workers late Friday. »

Joe Manchin, who just torpedoed Democrats’ climate agenda, has long ties to coal industry

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(CNN)West Virginia Sen. Joe Manchin’s long-standing financial ties to the coal industry face scrutiny after sources familiar with high-level negotiations told CNN he would not support the climate provisions of his party’s proposed economic package.

But climate advocates on Friday morning were quick to point to Manchin’s longtime ties to the coal industry.

“And what makes it all the more troubling is that he’s the 50th Democratic senator, which gives him enormous sway over climate change policy.”. »

First I2U2 Summit: India, Israel, UAE, and US Cooperate

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The grouping, officially called I2U2, first convened last October with a virtual meeting of foreign ministers.

In October, I wrote in South Asia Brief that I2U2 will face three tests: strategy, sustainability, and substance.

This is a long-shot objective for I2U2, given China’s strengthening commercial cooperation with both Israel and the UAE. »