The Angry Bear

Improvement in initial and continuing claims stalls out This morning’s jobless claims report shows that the trend of “less worse” news has at least temporarily ended, at a level of about 150,000 higher than the worst weekly levels of the Great Recession. On a non-seasonally adjusted basis, new jobless claims rose for the second week in a row, by 20,140 to 857,148. After seasonal adjustment (which is far less important than usual at this time), claims...

Working-class Black and Latino Americans, more likely to be paid lower wages, less likely to own significant assets; feel that they are being deprived of a fair share; see this as a consequence of white privilege. Meanwhile, white working-class American’s see themselves as less than privileged, barely hanging on; feel that such demands by Blacks and Latinos amount to a threat to their meager share, their livelihood. Neither group is the other group’s...

Sorry, partisans in denial: swing State polls have tightened It’s a slow economic news week, so let me follow up with some further information about movement in the polls. My usual caution: polls are *NOT* forecasts, just nowcasts estimating what would happen if the election were today. In the past few days, there is further evidence that Trump’s “law and order” message has resonated with at least a small subset of presumably white, probably older,...

CBSNews  Denver officially broke a record with 101 degrees on Saturday7 (Sept. 5) tied a record with 97 degrees on Sunday and came within two degrees of the record with 93 degrees on Sunday. Overall it was one of the hottest Labor Day weekends on record in Colorado. DENVER (KDVR) —  We set two record lows in Denver.  The first occurred Tuesday night (Sept. 8) at 31 degrees.  This ties 1962 for the earliest first freeze on record.  The second record low...

A friend sends a picture of the sky at 9:30 AM in San Francisco CA.  The color matches other pictures I have seen. Picture 1

[unable to retrieve full-text content]Let’s take a look at the ‘Greatest’ Trump Economy. The first graph shows the BLS Civilian Unemployment rate from 2000 t0 2020. Use the link for a better look Civilian unemployment rate If you look really close, no you have to look a little closer yet, you can see the Trump effect. The second graph […]

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[unable to retrieve full-text content]Steve Rattner on the Economy

It appears the FDA is now willing to deviate from its “bedrock mission” of guiding the public with accurate science-based information to a different road emphasizing variable political interests. “The deep state, or whoever, over at the FDA is making it very difficult  .  .  .   @SteveFDA“, addressing you directly with your Twitter handle (trump). FDA is endorsing twitter as a mechanism to broadcast actions with and by Commissioner Dr. Hahn. Tweeting:  “I...