The Angry Bear

New Deal democrat has been doing JOLTS reports for a long time. Some of you may understand what NDd is discussing and some may not. Just a quick one liner to help you understand why this is important. JOLTS is a monthly survey of U.S. job vacancies, hiring, and job separations released by the Bureau of Labor Statistics of the U.S. Department of Labor. April JOLTS report noisily shows continued deceleration  – by New Deal democrat It is...

I’m still trying to get my head around what happened with the debt ceiling. Is the proposed deal a win for Biden and the Democrats?   The conventional wisdom is that it was.  Catherine Rampell argues that the Republicans achieved little in the way of policy that they could not have gotten through the regular budget process.  They also failed to take away any of Biden’s signature policy victories.  There are some questions about whether the...

What looked like it could be catastrophic for the nation, its people, and its economy, the results coming from a so-called too old eighty-year old man negotiating the US budget appears to be far better than expected. And far better than what Repubs are offering up. Now it is up to the House to put the budget on the floor for a vote. McCarthy has done what little he could do. The radicals have to pass it or take the blame for global economic...

I agree with the author’s reasoning for domestic supply manufacturing. I have battled the issues with pharma, medical supply, and also food manufacturing. Batches are problematic as well as the USDA and FDA labeling requirements. You wait for approvals. As of August 2019, 28 percent of the manufacturing facilities producing active pharmaceutical ingredients (APIs – drug substances formulated into tablets, capsules, and injections) to supply the...

House prices may have bottomed, while YoY price increases (leading inflation) have declined to lower than their 25-year average  – by New Deal democrat Seasonally adjusted house prices through March as measured by both the FHFA (light blue in the graphs below) and Case Shiller (dark blue) Indexes rose, the former by 0.7% and the latter by 0.2%. This is the second straight increase in a row, and suggests that house prices may have bottomed:...

A week ago, this commentary by Bill McBride was up on Calculated Risk. A bit of history dating back to 2001. A very timely post and one which fits in with what was happening today with the National Debt. Take note of who was pushing less stringent regulation, tax cuts, etc. It will pay for itself! What Happened to “Paying off the National Debt”? (calculatedriskblog.com, Bill McBride At the turn of the millennium, the concern was that the US...

I should have plaque on the wall of some hospitals stating I was there and we (the hospital) made out like bandits. Some of the procedures and meds they do and give me are not in your average Tylenol category. Not much I can do about it. Merril at GoozNews posted this exposé on how the pricing for physicians is set and to which there is no outside attendance. If you do attend, you sign an agreement not to reveal information. If you are wondering...

The deal is much better than I expected for Democrats, and much worse for Republicans (preliminary summaries by Dayen and Stein).  Of course, the whole thing was destructive and pointless and the deal is bad in the way one would expect – it includes work requirements for some food stamp and TANF recipients.  On the plus side, these requirements are crafted to limit the number of people affected while letting the Republicans claim a “win”. Over the...

Three years after the Civil War ended, on May 5, 1868, the head of an organization of Union veterans — the Grand Army of the Republic (GAR) — established Decoration Day as a time for the nation to decorate the graves of the war dead with flowers. Maj. Gen. John A. Logan declared it should be May 30. It is believed the date was chosen because flowers would be in bloom all over the country. The first large observance was held that year at...

Two articles here, each on the same topic about extreme wealth going untaxed or taxed less than those in lower income brackets. The first story is about a letter sent to World Economic attendees sent by a bunch of millionaires. The second story is about historian and correspondent Rutger Bregman having a moment at Devos in 2019. Rutger claims he delivered a blast about taxes. If you listen to the clip, it sounds like he had a conversation with them....