Why home insurance rates are rising so fast across the US. Climate change plays a big role, The Conversation Millions of Americans have been watching with growing alarm as their homeowner insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To add insult to injury, those rates go even higher if you make a claim – as much as 25% if...
Read More »Repeat home sales indexes show further, marked deceleration in price inflation; bode well for the Fed
– by New Deal democrat This morning’s repeat house price indexes from the FHFA and Case Shiller continued to show deceleration in this metric which is very important to home buyers. Specifically, in the three month average through July, U.S. house prices rose 0.2% according to Case Shiller’s national index, and only 0.1% according to the slightly more leading Federal Housing Finance Agency (FHFA) purchase only index, both on a seasonally adjusted...
Read More »Too cheap to meter
Lewis Strauss, former chair of the AEC, coined the phrase “too cheap to meter” referring to the potential for nuclear power. It was a phrase I grew up hearing in Oak Ridge TN, but it never came to be, there or anywhere else.Now, the Wall Street Journal claims that day has arrived, not because of nuclear, but because of wind and solar:“The changes sweeping Europe’s electricity markets, which were accelerated by the energy crisis brought on by the war...
Read More »“An Aging Salesman Trying to Close One Last Deal”
September 23, 2024 Prof. Heather Cox-Richardson Letters from an American That is how they are describing a desperate Trump . “There’s nothing sadder than an aging salesman trying to close one last deal,” MSNBC’s Ryan Teague Beckwith wrote on September 21. Beckwith went on to list seven of Trump’s most recent campaign promises, most delivered off the cuff at rallies, that are transparent attempts to close the deal with different groups of...
Read More »California Sues Exxon Over Decades of Plastics Deception in First-of-Its-Kind Lawsuit
by Edward Carver Common Dreams In a first-of-its-kind lawsuit, California Attorney General Rob Bonta on Monday sued oil giant ExxonMobil for allegedly deceiving the public about the recyclability of plastics so as to continue increasing production. The 147-page lawsuit, filed in San Francisco County Superior Court, came following a yearslong investigation that environmental groups were hoping would lead to legal action. They widely...
Read More »Exposure to Air Pollution May Increase Antibiotic Use for Respirator Symptoms
by Chris Dall University Minnesota.edu “ambient air pollution and heightened antibiotic use” A new study by Spanish researchers suggests that short-term exposure to air pollution may be tied to increased antibiotic use in people experiencing respiratory symptoms. The study, was published in JAMA Network Open, found that increases of daily ambient air pollution in 11 Spanish cities over 7 years were associated with increased antibiotic...
Read More »Disaggregating the Big Picture: the Fed still wants to make your recession forecast wrong
– by New Deal democrat Today, New Deal democrat offers a Big Picture hypothesis. This is Housing Week, but there is no significant data today, and I’m going to wait for new home sales to be reported on Wednesday before commenting on how existing home sales fit in. In the meantime, let me unpack a Big Picture look. Since the Fed began actively managing interest rates over 60 years ago, expansions and recessions have followed a typical...
Read More »Drugs that cost money and save money
Big Pharma has become a familiar whipping boy in the debate over healthcare costs. CAR-T therapies to treat certain cancers, for example, can cost between half a million and a million dollars for a single treatment course. What’s the prospect of a cancer cure worth to you?GLP-1 receptor agonists like semaglutide (Ozempic, Wegovy) and tirzepatide (Mounjaro, Zepbound) are transforming the lives of obese patients. For most people, these drugs will have...
Read More »As The Trump Legal World Turns. Not to be confused with a Familiar TV Soap Opera . . .
Trumps Court Cases an Update by Joyce Vance Civil Discourse Just so you know, I am not kidding. This reads as a soap opera. Poor Trump so many issue . . . Full time subscriber to Civil Discourse. Hope ou enjoy his reading of he issues, ~~~~~~~ This week, two very important Legal World developments will take place. The first is a Mississippi case that could end up having a national impact. On Tuesday, the Fifth Circuit Court of...
Read More »UH-OH: The slowest mail in the country is in key swing states, NBC investigation finds . . .
by Steve Hutkins Save the Post Office In 2020, when the United States Postal Service began an ambitious plan to modernize and consolidate services in the middle of the pandemic. Its slow service wound up disenfranchising tens of thousands of voters whose ballots never made it to their elections offices in time. Four years later – by some measures – USPS performance is now actually worse, with another nail-biter of an election...
Read More »