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The Angry Bear

A Bit of History by a Friend from Slate’s “The Fray”

Queen Claude and Anne Boleyn by Claude Scales self absorbed boomer In my post about the global art market I noted that my given name, Claude, is gender neutral in French. Today, thanks to Tina Brown’s review of Hunting the Falcon: Henry VIII, Anne Boleyn and the Marriage that Shook Europe, by John Guy and Julia Fox, I know there was a Queen Claude of France (image: School of Jean Clouet, Public domain, via Wikimedia Commons). She was...

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Oil industry is Writing Executive Orders for Trump to Sign

In preparation for a renewed reign of the insurrectionist, energy sources and their associations are writing up executive orders to reverse much of what Pres. Joe Biden has done over 4 years. If you recall, the same was done after Barack Obama left the presidency. Many or most of Obama’s initiatives were reversed by an incoming president who would have trouble writing a paragraph much less an executive order. A bit different in the latter as it took...

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2024 SOCIAL SECURITY REPORT IS OUT THE MEDIA MISS THE POINT

The 2024 Social Security Trustees Report came out on Monday, May 6. You can find dozens of press reports and other commentary online, most of which are written by people who actually know nothing about Social Security except what they read in the papers. Some are written by people who do know what they are talking about but write in a way that is likely to mislead. For today I am just going to look at the May 6 analysis: “Analysis of the 2024...

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The Household Survey isn’t the only data series sending up caution flares

 – by New Deal democrat I’ve written two posts earlier this week delving into the big divergence between the Establishment Survey portion of the Employment Report, which shows moderate growth, and the Household Survey, which is most consistent with a recession already having started. At any given time, some data will be positive and some will be negative. That’s why I follow a whole series of reports with longer term proven reliability. Most of...

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Is China eating our EV lunch?

We are not the typical American car buyers. In 40 years, my wife and I have owned exactly five cars, two of which we still drive: one is 21 years old and just ticked over 100K miles, while the other is 10 years old and will soon hit 50K. But who knows how much longer the 21 year-old Pontiac Vibe will last? When it dies, we’ll consider an EV or hybrid. There are certainly a lot of Teslas on the road, and there are other EVs that are cheaper than...

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Republican U.S. States Sue EPA over Strict Power Plant Emission Rules

US Republican attorneys general sue to stop EPA’s carbon rule, Reuters, Clark Mindock Republican attorneys general from 27 U.S. states and industry trade groups sued the Environmental Protection Agency or EPA on Thursday. They seek to block an EPA landmark rule requiring sweeping reductions in carbon emissions from existing coal-fired power plants and new natural gas plants. The rule, finalized by President Joe Biden’s administration last month...

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Clawback of money looted by Cerberus, de la Torre, and MPT from Steward Health Care

The third and best source of funds would be a clawback of money looted by Cerberus, de la Torre, and MPT, based on a prosecution for fraudulent conveyance, misrepresentation to shareholders, and other possible criminal charges. As a settlement, restitution would have to be paid to the hospitals, under new ownership. That may yet come, but it would require more aggressive action than we have seen from the state attorney general, Andrea Campbell, to...

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Initial claims jolted awake from snooze-fest by highest number in almost nine months

 – by New Deal democrat After several months of snoozing at almost identical weekly levels, initial jobless claims awoke with a bit of a jolt this week, increasing by 22,000 to 231,000, the highest weekly number since last August. The four week average unsurprisingly also rose, by 4,750, to 215,000. With the usual one week delay, continuing claims rose 17,000 to 1.785 million, still one of the lowest readings since last August: As usual, the...

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An Erroneous Supply Chain Argument

“Silly” Arizona House Representative Republican Justin Wilmeth is making an argument for lower gasoline, etc. prices to Arizona. Justin traveled to California to ask for no cap on fuel prices at a California refinery (Arizona has no refinery). As if he does not have enough to do in AZ? Not sure what makes him think, they will not raise prices anyway and without a cap. Justin’s main beef . . . “If they were to lower production or supply, the...

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Continuous trump Trials, May 7th Notes, “Stormy”

“The Trial, Ho Hum” – Digby’s Hullabaloo, digbysblog.net If you haven’t been following the trial and Stormy Daniels testimony, you can catch it at Digsby’s Hullabaloo. It is kind of strange what trump says. It is too detailed for Ms. Daniels to make this up. I was reading on this yesterday elsewhere. I imagine this will get boring after a while. ...

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