The Angry Bear

A comment on housing, inflation, and Fed policy (and a side comment on spending) No big economic news today, and as usual little State reporting on COVID over the weekend, so let me make a couple of points. As an initial note, the big report I will be paying attention to this week is personal spending and income, which will be reported on Thursday. As I’ve noted several times recently, the goods-producing side of the economy has been fading...

As taken from; “Brett Kavanaugh shows how to lie your way onto the U.S. Supreme Court” (azcentral.com), EJ Montini ~~~~~~~~ The Sisters of St. Joseph, who rigorously guided me through parochial grade school, appear to have been misinformed during their considerable Bible studies on what, exactly, constitutes lies. The nuns told us – and this was later backed up by several priests during my required weekly trips to the confessional – the...

Kevin Drum raises the question: In the aftermath of the Dobbs decision, some conservatives are talking about passing a national ban on abortion. But I don’t think they can do that. Drum goes on to explain that the federal government is a government of enumerated powers, and that it is not obvious that any of the recognized powers of Congress would allow it to ban abortion nationwide.  He recognizes that the Court could make up a new doctrine...

Every once and a while, I wander to various sites to see what is cooking there. Kinda to get a bit of a change to our dialogue at Angry Bear. I found this one post on the Texas Part Platform by Infidel posted a few days ago to be interesting. Infidel had been featuring AB at “Crooks and Liars” too. To which I say, “Thank You.” “About that Texas Republican platform,” Infidel753 The Texas Republican party platform has become notorious across...

So suggests Noah Smith: What Russia is really banking on in this war is a Trump return to power. https://t.co/FUjr4DYGeY— Noah Smith 🐇🇺🇦 (@Noahpinion) June 27, 2022My view is that Putin is banking on congressional Republicans.  At this point is seems clear that the Ukrainian army is better than the Russian army (more motivated, better trained and led) and that NATO weapons are better than Russian weapons.  If the current coalition in support...

Interesting information on how courts both state and federal distinguish and discriminate based upon race and color. Not necessarily new information. McCleskey goes back 35 years. In a SCOTUS hearing McCleskey was told data on patterns of sentencing was not allowable unless it was directly related to him. Warren was put to death September 21, 1991. 35 Years After Warren McCleskey v. Ralph Kemp: A Legacy of Racial Injustice in the Administration...

This could also be entitled; “leaving society largely intact” which is what the SCOTUS gang of six are selling to the rest of us. And to which a misquoted Lawrence Tribe exposes. Initially, I started at HuffPost and left feeling there must be more to this. I found it in another publicayion. Mary Papenfuss has this topic up at HuffPost, “Harvard Constitutional Law Expert Says Justice ‘Misleadingly’ Quoted Him in Roe Ruling” Saturday, and we find...

Robert Haveman, RIP, Econospeak, Barkley Rosser  Robert (Bob) Haveman died on June 18, aged 85.  He had been at the University of Wisconsin-Madison since 1970, when I first met him, where he served as Chair of the econ dept., director of the Institute for Research on Poverty, and also Director of the LaFollette Institute for Public Policy.  A very policy-oriented economist with a progressive perspective, he published widely on public finance,...

People in Democrat majority Michigan are Angry . . . Michigan Legislative Black Caucus offers scathing response (audacy.com) LANSING (WWJ) — The Michigan Legislative Black Caucus, spearheaded by Sen. Marshall Bullock, slammed the U.S. Supreme Court’s decision in the Dobbs v. Jackson Women’s Health case which effectively ended the constitutional right to abortion in the United States. ...