The Angry Bear

The Iranian Presidential Election  The outcome is as expected, a solid victory with 18 out of 28 million votes or so for the hardline winner, Ebrahim Raisi, who is currently head of the Supreme Court.  He was previously Attorney General, ran four years ago for president, and has a long history of being a public prosecutor going back into his 20s (he is now 60). In 1988 he played a role in the killing of about 5,000 prisoners, which led him to be...

Medicare For All? Start At The Beginning: Cover All Births And Modernize Maternity Care | Health Affairs It has been two years since I wrote on women’s healthcare and three important topics impacting women; clinical trials done without women participants, a failing birth control device – Essure, and maternal healthcare. The Health Affairs article is suggesting Medicare for all Maternal Care as an improvement to lacking healthcare for all women....

Producer Price Index YoY Records for Final Demand and Intermediate Services; 46 year High for Intermediate Goods, 48 year High for Raw Materials Commenter RJS and MarketWatch 666 blogger The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in April, as prices for finished wholesale goods rose 1.5% while margins of final services providers rose 0.6%…that increase followed an April report that the PPI was 0.6% higher, as...

Coronavirus dashboard for June 17: big progress since 1 year ago; big “Delta” challenge still ahead One year ago today, in my Coronavirus Dashboard for June 17, here was my graph of cases Which I described as: As shown in the graph above, [after Arizona at 214 per million population] the remaining “top 10” are all States in the Confederacy, High Plains, and Mountain West. In order, (showing rates of new infections per million as of June...

And if it continues to be this dry, it could become the most severe megadrought on this entire chart. “The only reason this drought is lagging behind that 1500s drought is because it’s so young,” Williams said. Via The Guardian comes this article on the current heatwave in the US…personally I have stories ranging from ducks not reproducing because of the heat and drought in Montana to severe water use restrictions in San Jose… What tree...

Commenter Fred Dobbs had much of this in the Open Thread, June 19th at 9:33AM. I highjacked it, added more up to date detail, and an opinion. I did find it interesting. Somewhere there is a print(s) and BOM for this structure along with specifications (which were alluded to as BD vs BC steel) for materials along with a comparison of structural strength necessary. The Chinese did not build this on a whim. And why Chinese steel and components?...

The news is that Joe Manchin has described a voting rights compromise which he supports. Also Republicans immediately said it was unacceptable to them. This reminds everyone that there will be no bipartisan compromise on an issue where the two parties have diametrically opposite interests. If there were any Republicans who did not equate democrats with Democrats, and pigs could fly, it would be different, but there aren’t. I am reasonably...

Bottom Line On The Biden-Putin Summit  According to Robyn Dixon of the Washington Post on 6/18/21 regarding the outcome of the Buden-Putin summit in Geneva, I shall simply quote directly from what looks to be the bottom line from Putin himself: Despite a packed European tour schedule, Biden “looked fresh” and was “fully aware of the materials” during the two hours of talks, Putin said: ‘Biden is a professional. One should be very observant...

May housing permits and starts continue down from recent peak In May housing permits (blue in the graph below), including the least volatile single-family permits (red, right scale), continued to decline from their January peak. Meanwhile, the more volatile and slightly lagging housing starts (green) increased, but remained below their March peak: The level of construction activity as high as or higher than its pre-pandemic peak is continuing....

The decline in new jobless claims stalls, as the “delta” variant is ready to strike the unvaccinated States New jobless claims continue to be the most important weekly economic data point, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic, with both new infections and deaths at their lowest point since the onset of the pandemic in March 2020. I’ll have more to say on the intersection of the...