The Angry Bear

Happy Every Economic Statistic in the World Day! 1. Jobless claims continue making glacial progress 1. Jobless claims Another week of glacial progress in initial jobless claims, at levels worse than the worst weekly levels of the Great Recession. On a non-seasonally adjusted basis, new jobless claims fell by -40,263 to 786,942. After seasonal adjustment (which is far less important than usual at this time), claims fell by -36,000 to 837,000, another new...

The court is reversing many of the Civil Rights advances and gains (health care, labor protections, and antidiscrimination in public accommodations, etc.) for LGBTQ, women, etc. on the basis that such protections violates a religion’s practices. In essence legal protections for individuals, workers, etc. seeking to engage in ordinary commercial activity are subordinated to a religious belief. I watched such in action at a County Commission meeting as...

Prof. Steve Hutkins at Save the Post Office adds information on court rulings. The Postal Service is now 0 and 5 in the eleven lawsuits filed against it as a result of the mail delays caused by the operational changes that went into effect in July. Yesterday two more orders were against the Postal Service. In Pennsylvania v DeJoy, Judge Gerald McHugh of the Eastern District of Pennsylvania ruled that the Postal Service can’t restrict extra or late trips...

Climate change is heating up nights faster than days in many parts of the world, findings that could have “profound consequences” for wildlife and their capacity to adapt to the climate emergency, researchers say. The climate crisis is heating up nights faster than days in many parts of the world, according to the first worldwide assessment of how global heating is differently affecting days and nights. The findings have “profound consequences” for...

Coronavirus dashboard for September 30: a portrait of dismal societal failure I hear the WWE staged a helluva mud wrestling cage match last night! Since we won’t get any economic news until Every Statistic In The World is released tomorrow, in other, more uplifting news, let’s take the most updated look at coronavirus infections in the US. Total US infections: 7,190,230 Average infections last 7 days: 42,045 Total US deaths: 205,986 Average deaths last...

NYU Prof. Steve Hutkins at Save the Post Office More big news: The judge in the New York v Trump case, Emmet G. Sullivan, has granted the plaintiffs’ motion for a preliminary injunction. His order is here. Much of Sullivan’s order focuses on the Postal Service’s failure to request an advisory opinion from the PRC before embarking changes that have nationwide impacts on postal services. Judge Sullivan observes that “Plaintiffs have shown that there is a...

We the majority 60% are being tyrannized by the minority 40%. Other the democratically elected House of Representatives, we are being governed by a President and Senate that are not representative of us, that oppose our majority positions. We the majority are being particularly tyrannized by the current Senate Majority leader who is from the small state of Kentucky. Kentucky is a state of less than 4.5 million population that gets back about $2.40 for...

Monday political potpourri for a slow-starting Economic news week It’s a very slow most-of-the-week for economic data. Except for house prices, nothing much gets reported until Thursday, when a slew of data (personal income, spending, ISM manufacturing, construction, and jobless claims) all gets reported at once. And then Friday is the last jobs report before the election. I’ll update the Coronavirus dashboard tomorrow or Wednesday. In the meantime,...