The Angry Bear

This NYT story just dredges up the stories we would read and hear in the fifties and sixties. Popular song when I was hanging around the coffee houses then. No Starbucks then or laptops. If the song was of your ilk. Arriving in record numbers, the children escaping other countries are ending up in jobs violating child labor laws. Their presence can be found in the factories making the products your own and safe children might be eating or wearing....

Parts of this Covid Vaccine Story came via the Daily Beast; Just hours after Sen. Bernie Sanders (I-VT) swore to question Moderna’s chief executive in a Senate hearing next month about plans to quadruple the price of its COVID-19 vaccine, the company abruptly reversed course, announcing in a statement that the vaccine would remain free to all consumers “regardless of their ability to pay.” The pharmaceutical giant was widely denounced last...

January JOLTS report consistent with a softening, but still very strong, labor market  – by New Deal democrat This morning’s JOLTS report for January, unlike the recent payrolls report, generally showed further softening in the labor market. While hires (red in the graph below, normed to a value of 100 as of February 2020) increased 121,000, quits (gold) declined 207,000, and openings (blue) declined 410,000: The downward trend in quits...

“Michigan Supreme Court hearing on automobile no-fault reform: What to know,” Bridge Michigan, In reading this, I can almost guarantee, the citizens of the state of Michigan had not given any thought to the screwing over of those who suffered catastrophic injury due to automobile accidents. Indeed, it was business interests who set the pace for the repeal of No-Fault Auto Insurance. Michigan residents lived with the higher insurance...

Thoughts on this commentary? Marseille: full canal and empty streams, The one-handed economist, Margot . . . Margot writes* Despite being located in a dry and warm region, Marseille is described as the “world capital of water” by the World Water Forum. Indeed, Marseille is known for its efficient water management and water infrastructures like the canal of Marseille, the Roquefavour aqueduct, or the Palais Longchamp. The Marseille Canal...

Coronavirus dashboard: the first year of COVID endemicity  – by New Deal democrat As I indicated back in January, I don’t plan on any regular COVID dashboard updates unless something noteworthy has occurred. Since we are now 1 year into endemicity, this is a good time to look back and see what that means. The huge initial Omicron spike started in late November 2021 and ended early in March 2022. Since March 1 of 2022, here is the range of...

Open Thread March 3, 2023, Angry Bear, angrybearblog.com Tags: open thread

The Fed still seems determined to bring about a recession  – by New Deal democrat As I wrote on Saturday, several coincident indicators have stabilized in the past several months (for example, Redbook consumer sales, which has been at roughly 5% YoY for 8 weeks; and payroll tax withholding, which was only up 1.2% YoY for the last 4 months of 2022, but is up 4.7% YoY for the first 9 weeks of this year). This has led to increased speculation that...

Unfortunately, this did not include the screening of “Loan Wolves.” The clip is approximately 36 minutes long. It includes Alan Collinge of Student Loan Justice who I have known for over a decade. Alan has been on Angry Bear Blog multiple times. He has not given up his, the crusade seeking relief for student loans. “Loan Wolves” Writer and Director Blake Zeff has written for The Onion and Politico besides doing other things. He is the chief...

Interesting article on why certain industries are not feeling the impact of Artificial Intelligence. I am not sure I agree entirely with Marc. Sixty-five-inch TV is around $2,000 today. Why use TVs in comparison which were always less costly? “We’re heading into a world where a flat-screen TV that covers your entire wall costs $100 and a 4-year degree costs $1M,” Fortune, Marc Andreessen and MSN. Marc Andreessen is not worrying about...