The Angry Bear

A note on Middle Eastern turmoil and gas and oil prices  – by New Deal democrat While we wait for producer and consumer inflation data later this week, here’s a note about gas prices. With the newest shock in the Middle East, conventional wisdom is that the price of oil and gas will spike. And maybe they will, but the truth is, because of the involvement of both market and geopolitical players, nobody really knows. Remember that Russia’s...

Timothy Snyder is a Yale historian. I’ve reviewed his books “Bloodlands” and “Black Earth” about the holocaust here and elsewhere. Snyder isn’t Israeli and he isn’t Jewish. But I think the comments he posted today on his Substack blog “Thinking about” deserve reflection. Here are the money grafs:“In evaluating what Hamas has done, it is important to remember that the atrocious crimes are not (or are not only) ends in themselves. They are utterly...

Men and Older Americans Eat the Most Beef, businessinsider.com, Catherine Boudreau Just 12% of Americans are eating half of the nation’s beef — the ‘Hummer of animal proteins.’ A study found twelve percent of Americans are eating half of all the beef consumed in the US in a day. Fifty- to sixty-five-year-old men are most likely to eat beef. Some benefits could be had for the planet if some people ditched beef for another protein....

Weapons Gun Manufacturer Ditches Blue State, Moves South, America Insider Carver Malone. NRA Executive Director of Advancement Tyler Schropp . . . “This move is a testament to their enduring legacy, their commitment to firearm excellence, and to the importance of preserving America’s gun industry and Second Amendment rights in a fair environment.” “Representing millions of NRA members and gun owners, the NRA was proud to be the tip of the...

Scenes from the September jobs report: a look at leading indicators  – by New Deal democrat Today is a holiday, so no new economic news. So let’s take a look at some of the leading indicators I was tracking last week for the employment report, and some leading indicators for the economy within that report itself. In the JOLTS report for August last week, quits rose slightly from their 30 month low set in July, leaving the declining trend...

Before we moved to Rhode Island last year, I was familiar with Newport as the home of the Newport Jazz and Folk festivals. Indeed, we attended one afternoon of performances at the Newport Jazz Festival this summer. Newport is only an hour from our home in Rumford RI. Recently, I read in The New York Review of Books that Newport RI was once the epicenter of the North American African slave trade. This surprising (to me) news provoked me to read...

If you get a chance, wander over to Seeking Alpha and read New Deal democrat’s very thorough take on the economy. You can set up a fee, limited account there. AB Weekly Indicators for October 2 – 6 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. While interest rates have continued to rise to multi-decade highs, shorter term indicators continue to chug right along, both on the producer and the...

A Jewish American Living in Berlin, Matt De Vlieger, “Not all civilians are equal: 3,803 Palestinians, 177 Israelis since 2008.” The concern for civilian lives appears to waver, leaning disproportionately towards one side. Spare me your war stories. This old Marine Sergeant does not care to hear them. The Gaza is six miles wide. It is a fish in a barrel shoot with either 105 or 155mm Howitzers. A 155mm round can go back and forth almost multiple...

Medicare Advantage Overbilling Taxpayers by $140 Billion a Year, This is Enough to Wipe Out Medicare Premiums, Informed Comment, Juan Cole and Jake Johnson. AB‘s Joel sent me an Informed Comment article. I read the article and knew there was more to the issue than just overcharging the government by upcoding Medicare Advantage plan members. Merrill Goozner writes GoozNews and got the jump on this topic before me in March of this year. Catching up...

Around the world, up through the mid-20th century, it was pretty much dog-eat-dog. Until the 19th, according to legend, nations attacking one another gave the peasantry something worthwhile to do with their lives and provided entertainment for the Nobility. Until the 19th, legend was a bit weak on the details. Then, history and photography came along and screwed everything up. Turns out, far from being splendid, wars were too awful to even think...