[unable to retrieve full-text content]Some thoughts. If inflation is increasing at a lower rate than previously, the higher rate for previous years have set a higher level. There by, if salary increase is based upon the new lower inflation rate it will not equal or surpass the cost level already incurred. Indeed, unless costs stagnant or decrease, salary increases […]
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[unable to retrieve full-text content]This has been taking shape for a while now. The either-or threat is coming soon enough. The wrong president is in place to contend with this. Otherwise, the president would be demanding Musk stop. Instead, the president is in support of Musk. Just waiting . . . Where is Congress and the Supreme Court? How […]
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[unable to retrieve full-text content]I would expect no less . . . The Swiss city of Geneva is planning to pay CHF10 million (One CHF (Swiss Franc) = $1.11 US Dollar) of NGO worker wages following the United States decision to freeze humanitarian aid for 90 days. I guess the Swiss are telling the US to pound sand. I […]
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[unable to retrieve full-text content]This “Keep Calm” post showed up in my inbox today. I posted a partial of Economist Claudi Sahm’s report. She is discussing January CPI. I am more interested in the layoffs at the government and now corporations. I am seeing companies starting to follow suit with layoffs. Today and after the crash at Washington D.C., […]
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[unable to retrieve full-text content]Can Trump Tank the Biden Economy? Here Are Eight Ways – by Dean Baker CEPR President Biden handed off the best economy to an incoming president since at least the 2001 handoff from Clinton to Bush II. In his last quarter in office, GDP grew at a 2.3 percent annual rate (final demand, which excludes […]
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[unable to retrieve full-text content]A piece I believe capsulizes what many of us are wondering. Where are our politicians, Senators, Representatives, and healthcare people. Why are they so silent as Trump and his keeper Musk slowly disassemble the nation. There are consequences to this. It will not be Trump, Musk, Congress, or doctors and healthcare who will bear the […]
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[unable to retrieve full-text content]February 15, 2025 – by Prof. Heather Cox Richardson Letters from an American After World War II, the vast majority of Americans (Democrats and Republicans alike) agreed that the federal government should regulate business, provide a basic social safety net, promote infrastructure, and protect civil rights. But not everyone was on board. Some big businessmen […]
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[unable to retrieve full-text content]The Perfect Storm in Home Insurance | Econofact The Issue: The Los Angeles fires, perhaps the costliest weather-related event in U.S. history, started just a few months after Hurricane Helene which ranked among the top 10 costliest hurricanes to batter the United States. And while hurricanes and wildfires command the most attention, severe convective storms (those traditional hailstorms […]
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[unable to retrieve full-text content]This comes after Trump decides to have all charges dropped for NYC Mayor Eric Adams. The attorneys were threatened with being dismissed by the Deputy Attorney General. U.S. Deputy Attorney General Emil Bove ordered others to dismiss the NYC Mayor Adams indictment. He will not do the dirty work himself after named acting U.S. Attorney […]
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[unable to retrieve full-text content]and How USAID Helped Us Defeat the Iraqi Insurgency, The Bulwark Its projects reinforced our military efforts, and served American interests while saving and improving lives. The story . . . Many senior military officials are fans of the USAID like I am. Anyone who actually knows what that agency does, or who has seen […]
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[unable to retrieve full-text content]“Education is meant to be the great equalizer for our children, not a great investment opportunity for the billionaires ransacking our federal government.” Getting rid of the Department of Education will take an act of Congress. Republicans are more than willing to approve all of Trump’s requests and nominations. This appointment is an interesting pick. […]
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[unable to retrieve full-text content]Tariffs will drive prices higher on Rx drugs, our #1 import, GoozNews I was stunned this morning when I looked at the data. Drugs — the legal kind — are the U.S.’s single largest import category. The U.S. in the first 11 months of 2024 imported over $222 billion in pharmaceutical products, which includes both […]
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[unable to retrieve full-text content]People complain about the size of the Federal Government, its costs and taxes, and how the size of it infringes upon the nation’s economy. Complaining of the size of government, Grover Norquist once said, “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into […]
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[unable to retrieve full-text content]I am finding there are a greater degree of politics going on in economic commentaries. Maybe it was always there and I was just missing it? A bit of Paul Krugman this Wednesday morning on Global Trade and Tariffs. Trump’s threatens countries with tariffs if they do not bow to him and do as he […]
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[unable to retrieve full-text content]GDP Grows 2.3 Percent, Led by a Big Jump in Durable Good Sales, CEPR The economy grew at a 2.3 percent annual rate in the fourth quarter, somewhat less than had generally been expected. However the reason for the miss was a sharp slowing in inventory growth, which subtracted 0.93 percentage points from GDP for […]
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[unable to retrieve full-text content]I spent many hours in airplanes flying to different countries or just other parts of the United States. Never gave it much thought as to safety as everything inside the plane was secure. We buckled up, grabbed a book to read, did some work, or slept for a few hours. Unknowingly, there has always been […]
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[unable to retrieve full-text content]Former Sen. Pat Toomey (R), represented the key state of Pennsylvania for 12 years in the Senate. He said he would not vote for former President Trump or Vice President Harris in the November 2024 election. (Psst, pre-November 2024 election commentary). I do not know if this person actually did not vote for either Trump or Kamala Harris. He […]
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[unable to retrieve full-text content]The uninsured numbers dropped since the advent of the ACA. Lower costs would have been available if one Congressional Rep from Michigan had not interfered. I will find that information and add it. Still 26 million uninsured in the US. The State of Health Insurance in America, Econofact, Mark Shepard The Issue: Universal access to […]
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[unable to retrieve full-text content]DOGE today, gone tomorrow “With a little more than a month until Inauguration Day, one of the most fascinating parts of the new administration isn’t being led by President-elect Donald Trump. The Department of Government Efficiency, or DOGE, has arguably garnered more attention than Trump’s plans for tax cuts, tariffs, and immigration. Co-heads Elon Musk […]
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[unable to retrieve full-text content]Interesting article on wealth. Sometimes being lucky outperforms talent or intelligence. A recent article including some graphs I included. Sources for the graphs are provided allowing the reader to learn more about how wealth is obtained. Article by Vawn Himmelsbach was portrayed in Moneywise. ‘Moneyball’ and ‘Big Short’ Author Michael Lewis Says Elite Rich Americans […]
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[unable to retrieve full-text content]Some history on Senator Joe Manchin III. He has never met a lump of coal he did not like. There is money in the almost black gold. Twenty years of supplying the Grant Town power plant in West Virgina with low-grade coal mixed with rock and clay known as “gob.” And stymieing any interest in […]
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[unable to retrieve full-text content]Commentary: Trump’s pick for education secretary shows he understands the assignment, Erika Donalds, The Heritage Foundation There are answers to this author’s commentary. I will wait for another time to discuss student loans and private education in the US at the expense of a public education. Commentary: Trump’s pick for education secretary shows he understands […]
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[unable to retrieve full-text content]Applications are “carefully reviewed” by a legal team to determine eligibility for debt cancellation, yep! What does continuous growing Student Loan Debt look like today? Federal Student Loan Portfolio by Age. The chart below only shows the last 4 years by Quarter. President Joe Biden has been attempting to grant relief to students. This is […]
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[unable to retrieve full-text content]How the Vinyl Record Revival Is Spinning Into the Future, Norbert Sparrow, Plastics Today, Norbert Sparrow Good take om the revival of records. That is if you remember 78s and 45s. But today’s vinyl is not the same as that used to press Michael Jackson’s Bad, the best-selling album that year. Just as music has evolved […]
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[unable to retrieve full-text content]as Joe Manchin, Sinema Block Biden NLRB Nominee AB: I never had much respect for Joe Manchin. Just another rich guy out of West Virgnia. Perfect article about Joe’s reign in WV since 2010 “What has Joe Manchin done for West Virginia?” The answer to that question is not much unless it benefited him or […]
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[unable to retrieve full-text content]Dennis Drew discussing labor and why the US does not have more union labor. Higher minimum wage — bunk!  Unions systemically squeeze out the maximum price consumers are willing to pay for their labor. Any lower price should be taken as a unionless discount — I wish I could make up an “official sounding” term […]
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[unable to retrieve full-text content]Not an article by The Economist. Indeed, an article reporting on The Economist piece as written by La Vanguardia. A positive take on The Economist article. As reported, Spain achieved the best economic results of any nation with the exception of GDP per capita over the last year. Not everyone is in agreement. But all […]
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[unable to retrieve full-text content]The U.S. economy posted a solid though slightly disappointing (?) period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown. With the expectation of attempting to slow inflation, I would think a 2.8% rate of growth would be welcome in light of the Fed waiting […]
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[unable to retrieve full-text content]Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027, Economic Policy Institute In the 2024 election, Alaska and Missouri voters approved ballot measures to increase their state minimum wage to $15 an hour in the coming years. Now 15 states and Washington D.C. either have or […]
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[unable to retrieve full-text content]The Big 3 PBMs are Countersuing the FTC. Does Their Argument Have Any Teeth? MedCity News After the FTC filed a lawsuit in September, accusing the three major pharmacy benefit managers of anticompetitive rebating practices related to insulin, the defendants reversed roles and became plaintiffs. In November, they countersued the agency, arguing that its lawsuit […]
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