The Angry Bear

I was stationed in Cuba at GITMO for almost a year. Came back stateside every 4-5 months. I could not tell you much about the country itself. We did get people coming over the fence to escape. Not sure what happened to them. I think it is about time we loosen up on this island. They are not much of a threat. The embargo plays out on the Cuban population mostly. Other countries are not looking kindly on the US embargo of Cuba. There is not much...

A way-to-long-time in coming. These monuments should have been removed decades ago to begin the healing the wounds caused by Black Slavery. A good read by Donovan Schaefer as taken from The Conversation. October 2023 and nearly seven years after the deadly Unite the Right white supremacist rally, the statue of Confederate General Robert E. Lee in Charlottesville, Virginia, was melted down. Since then, two more major Confederate monuments have been...

Initial claims still very positive, especially YoY  – by New Deal democrat Before I get to this morning’s personal income and spending report, let’s get the latest weekly update to jobless claims out of the way. New jobless claims rose 13,000 to 215,000, while the four-week moving average declined -3,000 to 212,500. Continuing claims, contrarily, rose 45,000 to 1.905 million, their second highest reading in over 2 years (but remains...

When we moved to Missouri in 1982, it was a purple state. In the last decade, it has become progressively more extreme right-wing. Now, in Missouri and more than 30 other states, each citizen is their own well regulated militia with the powers of judge, jury and executioner. Law-abiding citizens become collateral damage with no consequences. Sad.“The man accused of firing the first shots at the Kansas City Chiefs Super Bowl rally told authorities he...

February 28, 2024, Letters from an American, Prof. Heather Cox Richardson Past Open Thread February 21 2024 Is Late Economic Reporting the Cause of Bad Perceptions as New Deal democrat says? Angry Bear. Tags: Leap Year

As told to us by Joyce Vance at Civil Discourse. This afternoon, the Supreme Court told us that it will hear Trump’s presidential immunity appeal. After sitting on it for two and a half weeks, they’ve issued a brief grant of certiorari, scheduling argument for the week of April 22. It’s a major disappointment for people who believe justice can be done and presidents are not above the law. And understand, this is not about politics. This is not...

The state of freight  – by New Deal democrat There’s no significant economic news today. Yesterday we did get durable goods orders, which are an official leading indicator. I don’t pay too much attention to them, because they are so volatile. Thus yesterday’s big -6.1% decline (blue in the graph below) is more likely than not just noise, particularly because “core” capital goods orders (red) increased 0.1%, and have been generally tending...

Michigan has always been in the hunt for new model manufacturing in Michigan. This one pitched by Michigan to GM is nothing new. Just another state buying a company by funding its stay. I can find my records on this, Michigan owes $billions to corporate Michigan. This all started with Governor Engler. Companies are used to it, so now they expect to get it. Read on . . . Automakers’ history of taking fat subsidies and overpromising job growth make...

Repeat sales house price indexes continue to increases on par with past expansions  – by New Deal democrat House prices lag home sales, which in turn lag mortgage rates. Yesterday we got the final January reading on sales. This morning, we got the final monthly (for December) read on prices, for repeat sales of existing homes. The FHFA purchase only price index rose 0.1% on a seasonally adjusted basis, and is up 6.6% YoY. Meanwhile the Case...

This merger would only make groceries higher in cost. The economies of scale would not be passed along to consumers. Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries, QUARTZ The Federal Trade Commission has sued to block the $24.6 billion acquisition of Albertsons by rival grocer Kroger, alleging the deal would harm American consumers already facing high grocery bills. The FTC says the deal...