The Angry Bear

RJS: Focus on Fracking Summary: US oil supplies at a 17 ½ year low with SPR at a 34½ year low; gasoline exports at a 3½ year high; 4 weeks of total oil + product exports at a record high and leads to total oil + products supply at a 13½ year low total oil + product  supplies at a 13½ year low after record exports.. The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the...

According to Charleston, VA Police; Instead of running from the threat, an armed woman engaging a shooter probably saved several lives the other night, Police: Woman killed man who fired rifle into party crowd in West Virginia, (msn.com) “CHARLESTON, W.Va. (AP) — A woman in West Virginia fatally shot a man who began firing an AR-15-style rifle into a crowd of people that had gathered for a party, authorities said. Dennis Butler, 37, was...

Biden Kowtows To Saudi Arabia  Apparently, President Biden will be visiting Riyadh as part of his forthcoming Middle East tour. The report on this coincides with an apparent end to negative comments about the nation’s Crown Prince Mohammed bin Salman (MbS), whom the CIA has accused of having ordered the execution and chopping up of journalist Jamal Khashoggi. It must be admitted that MbS has made some progressive moves, allowing women to drive and...

 by New Deal democrat Weekly Indicators for May 30 – June 3 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The slow drip, drip, drip of decelerating or declining data is continuing, as among other things, the YoY increase in withholding tax payments from workers has declined significantly in the past month. As usual, clicking over and reading will bring you up to the virtual moment in what is happening in the economy,...

May jobs report: Like the past few months, I was most interested in three main issues: 1. Is the pace of job growth decelerating?  (Yes, but it is still very strong by historical standards) 2. Is wage growth holding up? Is it accelerating? (It is still strong, but decelerated again slightly) 3. Are the leading indicators in the report beginning to flag? (Not yet) We still have 822,000 jobs, or 0.5% of the total to go to equal the...

After all this time, and even with the benefit of history, the causes of World War One (WWI) are still a matter of discussion amongst scholars. For scholars living then to have understood what the causes were, they would have needed to have known an awful lot about all that was going on at the time; which would have been difficult. They would also have needed to cross the philosophical Rubicon and not have allowed long-held beliefs and norms to...

“The day before a mob of President Trump’s supporters stormed the Capitol on Jan. 6, 2021, Vice President Mike Pence’s chief of staff called the lead Secret Service agent to his West Wing office. The chief of staff, Marc Short, had a message for the agent, Tim Giebels: President trump was going to turn publicly against the vice president, and there could be a security risk to Mr. Pence because of it. VP Mike Pence’s former Chief of staff, Marc...

I have worked with Alan Collinge and Student Loan Justice Org. for at least a decade on student loan bankruptcy. This article was taken from the Tallahassee Democrat. This article has some numbers on who is impacted, which has been presented, and largely ignored here and other places. United States Senator Elizabeth Warren (D-Mass.) and Senate Majority Leader Chuck Schumer (D-N.Y.), and Congresswoman Ayanna Pressley (D-Mass.) led their colleagues...

April JOLTS report: record low layoffs, still near record high quits and job openings Late last year, I introduced the idea that the jobs market was similar to a game of musical chairs. Employers added or took away chairs, and employees tried to best allocate themselves among the chairs. Because of the pandemic, there have been several million fewer players trying to sit in those chairs, leaving many empty. Additionally, there is 10% greater...