The Angry Bear

by Joseph Joyce The Struggle for Hegemony The restrictions by the Biden administration on the sale of semiconductor chips and the equipment to manufacture them represent a new stage in the division between China and the U.S. The belief that increased trade would lead to a convergence of Chinese and U.S. interests faded years ago. The history of globalization shows clearly that the chances of Chinese as well as Russian acceptance of a liberal...

New home sales adjusted for cancellations: still signs that a bottoming process might be taking place by NewDeal democrat I had a correspondent question me about whether new home sales might actually be in the process of bottoming, due to the big increase in the percentage of cancellations, as shown below (via Bill McBride): This is something I’ve been aware of, and commented on one month ago in the context of housing that was permitted but...

Ever since the COVID mRNA vaccines (Moderna and Pfizer) proved themselves, I became convinced they are the future of viral vaccines. Looks like a polyvalent flu vaccine is in the works that may obviate annual strain-specific vaccines.“In this work, we developed a nucleoside-modified messenger RNA (mRNA)–lipid nanoparticle vaccine encoding hemagglutinin antigens from all 20 known influenza A virus subtypes and influenza B virus lineages. This...

Medicare Advantage Over Payments In the conclusive summation of the latest KFF report on Medicare Advantage Healthcare plans which KFF also has in place, is this: Historically, one goal of the Medicare Advantage program was to leverage the efficiencies of managed care to reduce Medicare spending. However, the program has never generated savings relative to traditional Medicare. In fact, the opposite is true. As a result, Medicare Advantage...

Book Review: “Slouching Towards Utopia,” J. Bradford DeLong, (foreignaffairs.com), Liaquat Ahamed I am not going to put all of the review of Brad’s book Slouching Towards Utopia here. I thought I would alert AB readers to it and point to the freebie (for me at least and I believe you too) review at Foreign Affairs. Brad DeLong’s highly anticipated economic history of the twentieth century, Slouching Towards Utopia, begins with the reminder that...

Introduction to a Real World Issue: Taken from the National Institute of Allergy and Infectious Diseases Health (NIAID) headed by Dr. Anthony S. Fauci. Health disparities are gaps in the quality of health and health care mirroring differences in socioeconomic status, racial and ethnic background, and education level. These disparities may stem from many factors, including accessibility of health care, increased risk of disease from occupational...

As I have said before, I get many things in my In-Box. Beckers Healthcare ASC News Review is one of them. If you do not know what an ASC is, I have included a definition. U of M Hospital has a few of the around Ann Arbor. Ambulatory Surgery Center = modern health care facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. The stats in this news clip I thought were interesting enough to post...

Have new home sales made a bottom?  – by New Deal democrat Hopefully you are recovering from your turkey coma today. Here’s a little late commentary on Wednesday’s new home sales report. New home sales are noisy, and heavily revised, which is why I prefer housing permits, and especially single family housing permits, as a source of information. But . . . on the other hand, new home sales tend to be the very first housing metric that...

Jobless claims have a poor week, rising to multi-month highs  – by New Deal democrat Initial claims for jobless benefits rose 17,000 this week to 240,000, a 3 month high. The 4 week average also rose by 5,500 to 226,750. Continuing claims one week ago rose 48,000 to 1,551,000, the highest number since March: While one week like this shouldn’t set off any alarm bells, initial claims has been one of the increasingly few positive short leading...