The Angry Bear

It is undecided yet, as to whether a newly assembled Board of Governors would jointly act under the leadership of Ron Bloom, a Democrat and former Obama administration appointee, to dismiss PMG Louis DeJoy. President Biden has appointed three additional members to the Board including; – Ron Stroman, formerly the deputy postmaster general (resigned); – Amber McReynolds, a voting rights activist; and – Anton Hajjar, a former American Postal...

Jobless claims make new pandemic lows at last New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether, as the number of those vaccinated continues to increase, there will be a veritable surge in renewed commercial and social activities and attendant consumer spending, leading in turn to a strong rebound in monthly employment gains. Two weeks ago I set a few objective...

Ken Melvin has an excellent post, Duplicitous Bastards. In it, Ken touches upon the right to bear arms as opposed to the right to vote and how the former who advocate the bearing of arms who advocate such are more than likely inclined to make it difficult for the latter who wish to practice their right to vote. Forty three states are attempting to pass 253 laws restricting the right to vote and the state governments show no fear of those voters...

Seconding Paul Krugman: inflationary pressures will be a transient phenomenon in 2021 (but will they cause a recession in 2022?)  – by New Deal democrat Paul Krugman argues once’s again this morning that any increase in inflation this year as part of a post-pandemic boom will be transitory: I agree. I want to elaborate on one point he hasn’t emphasized; namely, you can’t have a wage-price inflationary spiral if wages don’t participate!To...

In the practice of Law, there is terminology used to establish whether a person or Company (also a person) is following a pattern or practice of doing something. Typically, the terminology is used in discrimination suits to determine or describe whether a defendant has a policy of doing so, even if the policy of doing so is not always followed.  Nancy LeTourneau at Horizons Blog looks at such a pattern or practice with regard to migration issues...

Economic data and coronavirus quick hits I really need to rouse myself to write a long-form piece on interest rates, housing, and the economy to post over at Seeking Alpha. Ugh! In the meantime, here are a few quick hits on some important or noteworthy new data. 1. New home sales – interest rates bite, but don’t panic New home sales are the most leading, but most noisy, of housing data. Yesterday they were reported as having declined...

Naked Capitalism had an article up in the “Links” assortment of other articles taken from various sites. The Common Dreams article touched upon one of the topics I write about and have done so over the last decade – Student Loans and Alan Collinge’s Student Loan Justice Org. In my public discussions with Alan and his followers on Facebook, I have pointed out the $1.6 trillion or the $1.8 trillion as stated in this article are important numbers to...

These are they who insist on their right to easily buy guns, to own as many guns as they wish. They who insist that mass shootings should be dealt with by prosecution. They who vehemently oppose any addressment of the question of who should be permitted to own guns. They who would only treat the symptoms of gun violence; who dare not look to science for the causes. They who think their Second Amendment rights are more important than the lives of mass...

Coronavirus dashboard for March 22: crossing an important threshold, to the *good* side The US is on the verge of crossing an important threshold: as of today, the 7 day average of COVID 19 deaths in the US has declined to exactly 1000: The last time the US averaged less than 1000 deaths a week from the virus was the beginning of November, almost 5 months ago. Since the January peak, deaths have declined by 70%. The story is even more...

Peace in Libya?, Econospeak, Barkley Rosser  On the tenth anniversary of the Arab Spring uprisings that held so much hope at the time but would lead eventually only to one nation, Tunisia where they started, ending up with a democratic government, while others ended up with either authoritarian governments such as Egypt or in ongoing states of internal war, such as Syria, Yemen, and Libya. But now it appears there might be hope for a peaceful, if...