The Angry Bear

That took away a few days of headlines and news rhetoric. I guess the Immigration Sky did not fall on us, yes? Of course, this is about the United States lifting the Covid emergency order bringing an end to the Title 42 emergency health authority prohibiting the immigration of the undesirable people Republicans believe should be denied entry. No chaos at the Mexican border. Immigrants are still at the border hoping to get into the US. The next...

By the time you read this, I will be on my way to Denver on a road trip. And just starting out at 7:00 AM my time. The goal is to assist my youngest son in getting established in a newer house. Dad has the know-how and the tools to do things. With that being said, my time at AB will be limited. I think Dan may be in and out when he is feeling well. I will take a moment or two to survey the place. If you comment, I will read it. Been a while...

Weekly Indicators for May 8 – 12 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There was more slow deterioration in the coincident indicators, but interestingly a bounce in several of the short leading indicators, particularly in the weakness of the US$ (which paradoxically is a positive, because it helps exports and crimps imports). But the biggest news was in one of the twice a month...

This is a pretty good take on what the administration is attempting to do in the US with regard to manufacturing. With some help from Republicans, this could be a change in the US for labor. Labor’s input in manufacturing raw materials and finished product would result in increased income. Much pf Labor could be classified as skilled Labor. “Why Biden’s Domestic Content Incentives Matter,” Roosevelt Institute. Todd N. Tucker Today, the Biden...

I’ve had a lifelong fascination with New York City in general and with Manhattan in particular. My dad grew up in Brooklyn, and my paternal grandparents lived on Long Island (Hempstead) when I was growing up. I went to the 1964 Worlds Fair in Flushing Meadows, and once ate at an automat in Manhattan. When my folks lived on the East Side for two years, I enjoyed visiting them between quarters in college. The Battery, Wall Street, SoHo, Central Park,...

Real hourly and aggregate wages update; plus further comments on consumer and producer inflation  – by New Deal democrat Let’s update some inflation-related information. First of all, real hourly wages for non-managerial personnel increased less than 0.1% in April. They are up about 3% from just before the pandemic, and also up a little over 1% since their June low last year: Note the graph above is normed to 100 as of the long-time...

If you recall, I reported on a West VA. Federal Court Ruling in Favor of Drug Distributors last July. The City of Huntington and the County of Cabell sued three drug wholesalers responsible for distributing hydrocodone and oxycodone or opioids. The claim was AmerisourceBergen Drug Co., Cardinal Health Inc., and McKesson Corp. were responsible for the increase in Cabell county and the city of Huntington. Both have a total population of ~92,000....

This post is kind of a commercial. I am detailing another way you may be able to fulfill your pharmaceutical prescriptions. The catch right now is having common drugs. Mark Cuban has said he will add more of he less common drugs as they negotiate with the pharmaceutical companies. I have the United Healthcare – Walgreens plan. They issue a 90-day supply of my generic drugs. Up till this year, they would containerize them properly. These were...

Yellow flag from initial jobless claims turns a little more orangey  – by New Deal democrat Initial jobless claims rose 22,000 to 264,000 last week, while the 4 week average rose 6,000 to 245,250. Continuing claims, with a one week lag, rose 12,000 to 1.813 million: Note that both measures of initial claims are at their highest levels since late 2021. Continuing claims are also at those levels, although slightly down from three weeks ago....

I wish Biden’s advisors had given him some dialogue rebutting McCarthy’s plan for cuts in programs. It is this type of jawboning which make convince some, not all, citizens the need to change their minds. What is the harm, Republicans will bring to the economy over and above what the FED will incur on Labor. Joe Biden’s remarks on the first meeting with Republicans and their holding United States citizens hostage to protect the 1% of the taxpayers...