Business

The South Has a Huge Auto Loan Problem — Fortune

Not all states are equal when it comes to auto loan delinquencies. Over the past few years, regulators have become increasingly alarmed about the rising volume of auto loans and delinquencies in the U.S. Some have drawn (questionable) parallels to the role of subprime mortgages leading up to the financial crisis. And the first three…

via The South Has a Huge Auto Loan Problem — Fortune

A remote Himalayan village in India runs its own insurance scheme for its extraordinary horses — Quartz

Sangam Village (Himachal Pradesh), India On a sunny May day last year, with not a cloud to mar the blue sky, Kishan Kumar opened the barn doors and led the whinnying horses and nickering foals out. They joined the steady stream of equine traffic in the narrow alley of Sagnam village on the banks of…

via A remote Himalayan village in India runs its own insurance scheme for its extraordinary horses — Quartz

As U.S. manufacturers win, the middle class loses

It’s not as if Boeing is a clothing manufacturer scrambling to meet the price competition of rivals that make their goods in Bangladesh. Boeing’s sole competitor in the large-scale passenger-plane market is Airbus, the European conglomerate whose workers’ wages are comparable to those in the United States. But Boeing has already located one major plant in South Carolina, where workers make about $10 an hour less than their Puget Sound counterparts. It’s through such moves, and the threat of further such changes, that U.S. manufacturers have increased their profits at the expense of their workers’ paychecks.

via Harold Meyerson: As U.S. manufacturers win, the middle class loses – The Washington Post.