The Angry Bear

[unable to retrieve full-text content]Why The Late Janos Kornai Did Not Get The Nobel Prize  Apparently yesterday Janos Kornai died in Budapest at the age of 94. He was the greatest analyst of the socialist system there was. Indeed, his personal life saw the full history of it in in his native land of Hungary, where, being Jewish, he […] The post Why The Late Janos Kornai Did Not Get The Nobel Prize appeared first on Angry Bear.

[unable to retrieve full-text content]Michael Smith Farmer and Agricultural Economist, “Farmers need more space for crops to meet mounting demand”- AgResource | Reuters Dan Basse of AgResource Co. analyzes the impacts of biodiesel and is throwing up a potential issue.  Reuters interviewed an agronomist who is closely watching the budget reconciliations and the spending of a $350 billion yearly […] The post Analyzing the impact of biodiesel and it causing a potential...

[unable to retrieve full-text content]Kawasaki Heavy Industries plans (2018) to restructure rolling-stock operations amid heavy losses, exploring such options as quitting the business and teaming up with other companies. This is unusual for a major Japanese firm to pull out of an industry, a country, and the United States. Or at least I find it unusual having worked for a Japanese company […] The post Quality Issues, Kawasaki Subway Car Wheels are Moving Outwards...

[unable to retrieve full-text content]Focus on Fracking: US oil price at a 7 year high; largest US oil inventory build in 7 months; global oil shortage at 2,400,000 barrels per day as OPEC output is ​375,000 barrels per day short of​ quota​. Commenter and Blogger RJS OPEC’s October Oil Market Report Wednesday of this week saw the release of OPEC’s […] The post Globally; oil short at 2,400,000 barrels/day; OPEC output is 375,000 barrels/day short of...

[unable to retrieve full-text content]Bad Biden Foreign Policy  I have posted on this previously, but not for a while. The main meme is that for reasons I mostly do not get, Biden has been carrying over a lot of bad Trump foreign policies.  Some of them I understand for political reasons, even when they damage the US and world […] The post Bad Biden Foreign Policy appeared first on Angry Bear.

Commenter and Blogger RJS at Market Watch 666 Retail Sales Increased by 0.7% in September after July and August Sales were Revised Higher Seasonally adjusted retail sales rose 0.7% in September after retail sales for July and August were revised higher . . . the Advance Retail Sales Report for September (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $625.4 billion during the month,...

Vaccine hesitancy is a serious problem.  It is killing people and prolonging the social and economic costs of the pandemic.  One possible policy response is to make vaccination mandatory, at least in certain contexts (hospitals, schools, interstate transportation, etc.).  Libertarians frequently object to vaccine mandates in uncompromising terms.  They exaggerate the risk of vaccine side effects.  They insist on individual liberty while...

Author, Farmer, and Economist Michael Smith briefly talking returns to Cattle Ranchers and profits to meat processors and retail. The beef industry is under fire, we’ve been seeing this for years. We first saw where Smithfield has taken over whole towns for pork production, vertically integrating as much as possible, even to take a cut of the feed grain market in those towns. This provides the blueprint for a bigger industry, beef. Matt...

Continuing the conversation concerning Medicare and Medicare Advantage programs – Value Added Healthcare. Background Kip Sullivan and I have had a running dialogue on Value Added (VA) healthcare. This usually starts up with my asking a question, giving my doubts on certain topics, and a back and forth in an exchange of emails. I have done this before with others, mining their knowledge banks. The likes of which Value Added (VA) is being...