The Angry Bear

I subscribe to Letters from an American as written by Prof. Heather to which she has hundreds of commenters. Of course, I answer some when if comes to economics, manufacturing, and supply chain. The latter two being the source of my income for some 40-something years. Rising through the ranks most certainly gave me the knowledge to access issues and provide solutions many of which were not agreed to till they were successful. Of course, I did not...

I believe the shadow docket will become controversial given it lacks the transparency of a typical court hearing which records the verbalization of the court giving reason for decisions. In instances, where a decision is needed, the court should be meeting and deciding. One issue amazes me, the lack of any verbalization on promoting the death sentence. In most instances, they promote the continuance of it. If such is the case, they should attend a...

In humans, the traits of high intelligence and good judgment are unlinked. There are many such examples; viz:• Kary Mullis, who won for co-inventing the technique behind PCR testing, went on to deny that HIV causes AIDS, helping to sway South African president Thabo Mbeki into rejecting antiretroviral therapy, costing hundreds of thousands of lives;• Linus Pauling went from two-time Nobelist to full-time quack, a brilliant peace activist and...

Weekly Indicators for July 3 – 7 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. A real-time daily update of inflation (based on millions of prices posted at internet sales sites among other things) has become available, and has been added to the array of coincident indicators. The complete array remains consistent with very slow growth that has not tipped over into contraction. But despite the...

Differences between Japan and the US Debt. Explain how Japan can manage twice the debt/GDP with no problems but the US is headed to a crisis. Or is the issue really about unnecessary deficit spending due to tax breaks skewed to upper income brackets? Open Thread July 2, 2023 Partisan SCOTUS, Angry Bear, angry bear blog Tags: Open Thread July 9 2023...

I have been looking around for a simpler explanation of what the Shadow Docket is. This, before a deeper dive into it. It is more like a secret club where a bunch of judges get together and decide the fate of a particular subject without a formal presentation to the court or documentation open to review. No or few records cover the decisions. The number of decisions in 2022 outnumber the more formal decisions. It was a favorite of the trump...

June jobs report: deceleration continues, with weakest private jobs sector growth since 2020  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, and whether the leading indicators, particularly manufacturing and construction jobs, as well as the unemployment rate (which leads going into recessions) have meaningfully deteriorated. In May the headlines on employment were decent if slightly weak, but hid...

MIdyear update: the state of the big monthly coincident indicators  – by New Deal democrat Let’s take a look at the important monthly coincident indicators that the NBER has indicated they weight most heavily, along with quarterly real GDP, in gauging whether the economy is expanding or contracting. Remember, a recession isn’t actually defined by 2 quarters of negative GDP, but rather by a significant decline in jobs, income, sales, and...

Wisconsin governor’s 400-year veto angers opponents in state with long history of creative cuts, AP News, Scott Bauer. Wisconsin’s governor attempted to lock in a school funding increase for the next 400 years by issuing a partial veto that angered his Republican critics and marks the latest creative use of the unique gubernatorial powers in the state. Wisconsin allows governors to alter certain legislation by replacing words and letters...

How the Super Rich Are Killing Social Security, Robert Reich Blog, Robert Reich Since Angry Bear has a well known expert on Social Security in the name of Dale Coberly, I like to post other commentary on the topic. Robert Reich suggests increasing the salary limit well beyond 2023’s $160, 200 cap. He proposes eliminating the cap over $250,000 on salary and investments. Here’s the real reason Social Security is in danger that nobody’s talking...