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The Angry Bear

The U.S. government is draining 42 million gallons of gasoline from its reserves

by Melvin Blackman QUARTZ Last week? We were talking about market manipulation at the business level and also the state level. The industry intended to cut production so as to maintain prices if California capped prices. California was putting a new program in place to regulate pricing. An AZ state rep was going to California to ask them not to pass the bill. All are forms of market manipulation and one oil industry person did not like what I...

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Why fighting small apartment buildings is self-defeating and short-sighted

by Lloyd Alter Carbon Upfront! Llyod discusses the changing needs of the largest retirement population to be occurring in the next decade or baby boomers. Baby Boomers are on the verge of requiring smaller living spaces in close proximity to transportation, shopping, and healthcare. Easier and greater accessibility is paramount going forward.as they will not be as mobile as they once were. Cars may be out of the question. Living quarters...

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April existing home sales remain deeply depressed, continuing the chronic shortfall in housing supply

 – by New Deal democrat Let me tie this morning’s report on April existing home sales into my two last posts (Part 1 and Part 2), which concerned the huge role that shelter prices, and the underlying shortfall in housing capacity, have in the continued elevation in overall consumer prices. So let’s start by looking at the last 10 year history of existing home inventories [note: all graphs in this article are from the site Trading Economics,...

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A Touch of Reality for a Former Surgeon General

This is kind of an interesting story. The former Surgeon General to Trump is complaining about his ER bill after walking up the 2700 foot high Camelback mountain in AZ. Done it. That is not a high climb. I suspect the heat and insufficient water or hydration did him in. The other point is he is complaining about a healthcare bill. This is the man who had the president’s ear. I doubt he brought up the cost of healthcare to trump once. As far as a...

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Another Wildly Stupid Idea, Skip the Measles Vaccination

It is hard to believe that people would risk their lives or their children’s lives by not getting the measles vaccine. It was bad when we were growing up in the fifties. I am sure Joel can add to this information. A worldwide crisis only because we let it become one through ignorance. Measles Is Preventable. How Did the World End Up Back Here? by Ava Easton MedPage Today I remember being very sick when I had measles as a child. I was...

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22K children dropped from Florida KidCare in 2024

Florida Legislature agreed to pass the optional Medicaid expansion. A year later it says no. The federal government pays about 69 cents of every dollar spent on the program. Florida still wants kids to pay also. More than 22K children dropped from Florida KidCare in 2024 as state challenges federal eligibility protections by Christine Jordan Sexton Florida Politics AB: In a move that some have called “egregious,” or glaringly ignorant in...

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A closer look at inflation (Part 2 of 2): how the Fed’s rate hikes actually *exacerbate* inflation in shelter

 – by New Deal democrat Yesterday I discussed how virtually the entire issue of inflation remaining above the Fed’s target was the housing sector. Let me start today’s post where I left off yesterday: namely, that the net level of divergence between total headline inflation and shelter inflation of 1.15% is one of the highest such divergences in history, and the longest such big divergence. Here again is the graph: Today I want to discuss...

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How Famine and Starvation Could Affect Gaza for Generations to Come

How Famine and Starvation Could Affect Gazans for Generations to Come by Neroli Price, Salman Ahad Khan and Gabrielle Berbey Reveal News Research on World War II’s Dutch “Hunger Winter” has terrifying implications for Gaza’s malnourished children – and then for their children. Famine is already happening in parts of Gaza, a top U.S. humanitarian official  publicly acknowledged last week for the first time. After six months of Israeli war...

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The “Wealth Effect” on Spending from Stock-Market Price Changes

by Steve Roth Wealth Economics This post is prompted by Matthew Klein’s (very wonky) post about recent changes in QE/QT, and the Fed’s balance sheet. It prompted me to do a quick calculation that I’ve been meaning to get to: when household wealth increases (due to stock-market price runups or really anything else), what effect does that have on household spending in the next year? I’m going to start with a bald two-part claim. A. The...

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