The Angry Bear

Commenter R.J.S. Ohio anti-fracking activist joins Greta Thunberg to decry fossil fuel subsidies at Earth Day Congressional Hearing A self-described “fracking refugee” from Belmont County, Ohio on Thursday joined Swedish climate activist Greta Thunberg on Earth Day to urge a congressional subcommittee to abandon subsidies to the fossil fuel industry when Congress passes its next infrastructure bill. Jill Antares Hunkler told the House...

Coronavirus dashboard for April 26: reasons for optimism all around Let’s start with an overview of total cases and deaths in the US: 1.7 in every 1,000 Americans has died of COVID-19. 9.7% of the entire population has had a *confirmed* infection. Probably another 5% to 10% have been infected, but were never tested. With large-scale vaccinations, plus the onset of warmer weather (so fewer indoor gatherings), the incipient “4th wave”...

More new pandemic lows in jobless claims: April jobs report likely to show over 1,000,000 new jobs added Repeating my recent top-line mantra, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I expect an ongoing big increase in renewed consumer and social activities, with a concomitant gain in monthly employment gains like we saw in...

“The fish stick is the bane of school children who consider it to be a bland, over cooked, breaded – crusted, cardboard tasting, fish-less effort of lunchrooms and mothers to deceive them into consuming more protein.” In the 1920s, entrepreneur Clarence Birdseye developed a novel freezing technique. Food was placed between metal plates which froze the food quickly and prevented large ice crystals from forming. When used on fish, the method...

and imports of distillates at a 26 week low.. Commenter R.J.S. Oil prices moved lower this week on rising Covid cases global​ly ​and on a surprise increase in US crude supplies . . .  after rising 6.1% to $63.13 a barrel last week  on strong economic data and on upwardly revised demand forecasts, the contract price of US light sweet crude for May delivery opened lower on Monday on trader’s jitters over surging Covid cases in Europe and India,...

New and existing home sales vs. inventory I have a full plate in, you know, actual life today, so let me just drop this note here while we’re waiting for new home sales to be reported. I’ll update later when I have a chance. The evidence is crystal clear that, as to new homes (which are by far more important than existing home sales in terms of the economy), sales lead prices, which in turn lead inventory. Here are sales (red) vs....

A bit of Tom Sullivan @ Hullabaloo this day. Democrat Moe Davis lost the race last fall for the congressional seat in NC-11 to Republican Madison Cawthorn. The seat was left open when Rep. Mark Meadows vacated it to fumble around for the Trump White House. Moe Davis tweeted this morning in response to a local letter to the editor denying the assault on the Capitol even happened. And the Letter: “Denialism is alive and well “Tom...

 -by New Deal democrat Weekly Indicators for April 19 – 23 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. I feel like a broken record . . . With pedal-to-the-metal fiscal and monetary stimulus, plus the opening up of pent-up demand with a large pool of vaccinated people, the economy is on fire, and is going to remain so for some time to come. The question is, as we look out into next year, how much of an impact are...

The US may have crossed an important vaccination threshold On Monday I noted that in Chile, where there had been a severe renewed outbreak of coronavirus despite an aggressive vaccination program, cases had plateaued, and this had occurred “when over 35% of the population had received at least one dose of vaccine, and 20% were fully vaccinated.”Well, the recent upturn in cases in the US also seems to have plateaued: And guess what? The...