The Angry Bear

Capitalism and Class by Ken Melvin Whence this attitude that the working class is expendable and that the middle and upper classes are not? Donald J. Trump, Mitch McConnell, and Betsy DeVos, being the brave, patriotic souls that they are, demand, for the sake of the nation, that the working class step-up and take the risk of going back to work and sending their working-class kids to school an do so without sufficient protective measures in force and with...

(Dan here…via Diane Ravitch’s blog…) Philly-Area Charters Collect $30 Million+ in PPP Funding by dianeravitch Charters in the Philadelphia area received more than $30 million in Paycheck Protection Program funds, while public schools in Philadelphia continue to be systematically underfunded. The big winner in the PPP sweepstakes is the for-profit Chester Community Charter School, owned by a major Republican donor and billionaire. One of the largest...

by Joseph Joyce Economists and Inequality Binyamin Applebaum of the New York Times has written a book, The Economists’ Hour: False Prophets, Free Markets and the Fracture of Society, in which he claims that economists are responsible for the increase in income inequality in the U.S. I thought this charge was off the mark and wrote a reply. My piece, “Are Economists Responsible for Income Inequality?“, has been published in the June issue of Society. Here...

Initial and continuing claims, JOLTS show labor market “less awful” improvement continues – for now Weekly initial and continuing jobless claims have been giving the most up-to-date snapshot of the continuing economic impacts of the coronavirus on employment. This week continues the trend of slight improvement (or, more truly, slightly less awful). Below are initial jobless claims both seasonally adjusted (blue) and non- seasonally adjusted (red). The...

Favoring Hi-Tech Tax Cheats Over Consumers of French Wine Hoping to buy a nice bottle of French wine? Doug Palmer of Poltico has some bad news for you: The Trump administration announced Friday a 25 percent tariff on $1.3 billion worth of French handbags, cosmetics and soaps in retaliation for a digital services tax on U.S. internet giants, but said it would suspend imposing them for up to six months. The United States believes the way the French tax is...

Infidel 753 writes at his own site of the same name. From time to time in the past he has put up several of Angry Bear’s posts on Crooks and Liars. This post (of his), I find interesting as he discusses the history and legitimacy of statues honoring  Confederates and US military bases named after Confederate military leaders. History needs to be recorded and remembered, regardless of how we today judge the events and people of the past.  What happened is...

Being Targeted Arguably this is paranoia, but the mayor and police chief of my city do not think so and have officially reacted with a formal response.  What a sign that I am an old whatever, praising local law enforcement, but, well…. So the issue is that late last evening a truck full of masked white men, and no, we are not talking health masks but ones that cover ID, with flags waving including the Confederate battle flag, were going up and down our...

Coronavirus dashboard for July 8: deaths in the South and West finally suggest increasing trend Coronavirus death statistics have been plagued recently by State data dumps, where months of deaths have been released on a single day. In the past 2 weeks, both NJ and NY’s such releases had skewed the numbers. As of today, both are out of the 7 day statistics, so I thought I would update again. One bit of good news, statistics-wise, is that the COVID tracker...

  by New Deal democrat Weekly Indicators for July 6 – 10 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. While the forecasts remain inexplicably positive, the nowcast worsened slightly. As usual, clicking over and reading should bring you up to the moment on the economy, and will also reward me ever so slightly for my work.