Costs will rise

Costs will rise

Cry Wolf Quotes

“As an industry leader, Chase does not engage in several practices -- universal default, two-cycle billing and increasing a rate based on a change in a credit score -- addressed by the bill, but we believe the legislation as passed today has the potential of increasing overall costs to consumers, reducing access to credit, and reducing or eliminating low-rate options for consumers.”

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Stephanie Jacobson, first vice president of public affairs for Chase Card Services. CreditCards.com.

New York State’s past independent pioneering activities in social legislation, while commendable in many respects…have already produced discriminatory differentials between the cost of doing business in New York and such costs in neighboring States [sic]. We can see no justification for deliberately increasing those differentials at this time by continuance of such pioneering.

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Statement by the Merchants Association of New York, “Merchants Oppose Job Insurance Bills”, New York Times.
04/17/1934 | Full Details | Law(s): Unemployment Insurance

A poorly crafted ‘living wage’ plan could achieve the opposite of its well-intentioned social goals. It could result in fewer good-paying jobs in the city, and less opportunity at the entry level. It could drive up the cost of city programs, leaving fewer resources to help lower-income families.

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Editorial. San Francisco Chronicle.
11/11/1998 | Full Details | Law(s): Living Wage

Pricing is still a concern with consumers. We continue to see sticker shock. And the potential exists that with some cars in short supply, Detroit will take advantage of the situation with some big price increases this fall. What Detroit will do is drive some people into small or used cars instead. In the last three to four years, price increases outpaced income gains and pushed people into used cars. Pricing is the reason the recovery won’t be robust.

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Wes Stuchlak, analyst with Chase Econometrics, Chicago Tribune.

Evidence