The Angry Bear

August Job Growth Was Twice as Fast in States That Retained UI – “People’s Policy Project,” Matt Bruenig, September 21, 2021 I ran across this author and his site while reading a commentary (referencing Matt Bruenig’s story) on McDonalds experience in Denmark at Yves Smith’s Naked Capitalism. Since my background over 40 odd years has been in manufacturing and the impact of direct Labor on it, I was drawn to that article and visited Matt’s site....

Commenter and Blogger RJS adds more detail to what I would suggest is a coming shortage of oil and oil products. Focus on Fracking US crude supplies at a 35 month low; total supplies of oil and all products made from it at a 6 1/2 year low… US oil data from the US Energy Information Administration for the week ending September 17th indicated that despite sizeable increases in our oilfield production and our oil imports, we still needed to...

 by New Deal democrat Weekly Indicators for September 20 – 24 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. With Delta definitely receding, it appears it had no meaningful impact on the consumer economy. What *is* continuing to happen, however, is that transportation bottlenecks are continuing to drive up related prices to levels not seen in a decade or more. As usual, clicking over and reading should bring you up...

Diane Lim writes an analysis of the economic theory of the marginal incentives people have to go back to work at her blog EconomistMom. Worth a visit: Quote: “Get ready to see lots of press on the ending of pandemic unemployment benefits in some parts of the country and what it shows about how much those benefits are to blame for keeping people from getting back to work. See, for example, this Wall Street Journal story which offers this...

President Biden’s temporary ARPA Improves ACA Subsidies through 2022. xpostfactoid: Will 60-64 year-olds have a choice between Medicare and Obamacare? What will that look like?, ARP puts more ‘affordable’ in the Affordable Care Act | healthinsurance.org and How the American Rescue Plan Act will boost marketplace premium subsidies | healthinsurance.org If you have not been reading any of what is going on with the ACA and Medicare; it is time...

New home sales continue rebound in August, as price increases continue slight deceleration Housing is a long leading sector of the economy, and new home sales, while very noisy and heavily revised, tend to lead all of the other housing indicators. [Note: FRED hasn’t updated its charts with this morning’s information, so graphs below do not show this month]. So this morning’s m/m increase in new home sales was good news. It was an 8 month...

Angry Bear’s Mike Smith; I am a little baffled by our governments assessment of agriculture. Just today they released a few details about paying farmers to plant cover crop, as per this article here. House Budget Plan Offers Big Injection of Funds in USDA Conservation Programs House Budget Plan Offers Big Injection of Funds in USDA Conservation Programs (dtnpf.com), Progressive Farmer OMAHA (DTN) — Farmers would get up to $25 an acre from the...

As a subscriber to Professor Heather Cox – Richardson’s “Letters From An American,” I have access to each daily article. And as a follow up to yesterday’s “Letters From An American,” today’s, September 23, 2021 submission gives additional detail to the amount of effort made to subvert the January 6th certification of the election by Congress. As detailed in this edition, there were four distinct players or Trump staff who laid much of the...

New Housing Starts and Building Permits Rose in August on Increased Apartment Construction, Commenter and Blogger RJS, MarketWatch 666 Microsoft Word – newresconst_auto_text_202108.docx (census.gov), The August report on New Residential Construction (pdf) from the Census Bureau indicated that their widely watched estimate of new housing units that were started during the month was at a seasonally adjusted annual rate of 1,615,000, which was...

Online Voting  Yes, a wonderful innovation!!!  No, I had not heard of this before, although maybe somebody reading this had encountered it.  So, where is this fabulous innovation being adopted?  Why Mother Russia!  So polls showed the United Russia Party that supports Vladimir Putin getting only 30% support for the Duma election that just happened.  But while I have not seen specific numbers, it is my understanding that they have been reelected as...