The Angry Bear

[embedded content] WSJ. President Biden’s unprecedented release of oil from the U.S. petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market. The flood of emergency supplies helped arrest surging oil prices after Russia invaded Ukraine and pulled billions of dollars into the Energy Department’s coffers in the process. Oil prices have sputtered since and allowed officials who sold high to...

 – by New Deal democrat This is a continuation of my post from yesterday discussing the large divergences between the Household and Establishment jobs surveys. A big current issue with the Household Survey is whether, by relying on Census estimates, it has substantially underestimated population growth, and in particular immigration-driven growth, in the past two years. Here’s a graph from Wolf Street, the source material of which I have...

I grew up in Oak Ridge TN, the “atomic city.” It was where the uranium was enriched for the Hiroshima bomb. After the war, uranium enrichment found peaceful application in nuclear power plants. Many of the kids I knew growing up had dads who worked at one of the plants–X-10, Y-12, K-25–that researched and developed uranium enrichment and power plant design.After initial enthusiasm for power that would be “too cheap to meter,” nuclear power plants...

It appears the wreckage from the bridge has been cleared away. This will allow container ships, etc. to use the channel in greater capacity to the port. However, getting across the bay will still take time as other routes will need to be taken by cars and trucks. I am sure there are a few angry comments being made as a result of the Dali taking down a major throughfare. Container ship reaching the Baltimore hrbor will resume. ~~~~~~~~ As taken...

If you are driving a big behemoth SUV thinking you are safer, maybe you should think about another vehicle. Here are some results. Logan Carter at Jalopnik gives us the break down. It is picked up in Quartz Business News. The Insurance Institute for Highway Safety (IIHS) just released new crash test results for three full-size, three-row SUVs. The Ford Expedition, Chevrolet Tahoe, and Jeep Wagoneer were reviewed. These family haulers had...

Some background on Joyce Vance: Presently: Law Prof, MSNBC/NBC Legal Analyst, Podcaster Previously: US Atty, Fed’l prosecutor Always: Wife, Mom, Dogs, Cats & Chickens, Knitting One has to wonder if Justice Sam Alito ever learned to shut up and not discuss what he believes in or his thoughts on the court. He gives all the wrong answers when he believes the person also agrees with what he thinks. There is a take on Chief Justice Roberts...

 – by New Deal democrat As per usual, the Monday after jobs report Friday does not update any significant data. So let me return to the deep divergence between the Household and Establishment Surveys in the jobs report. With Friday’s data for May, the two have now diverged 1.9% over the past year, adjusted for the size of the prime working age population: This big a divergence has only happened previously twice in the 1960s, and one month...

In her book “The March of Folly,” Barbara Tuchman uses the myth of Laocoön as her first example of folly. The Trojans ignored Laocoön’s warning not to admit the Trojan horse. That didn’t end well for the Trojans. Ignoring Laocoön was folly.In his recent substack essay, The Coming Alliance Between Billionaires, Tech Giants, and MAGA-Ideologues, Vindman is a modern Laocoön, warning us of the WhatsApp group “Off Leash.” Created and managed by Blackwater...

This reads like a Christmas tree where people or children get to pull a tag off the tree and whatever it states is your gift. Except this tree is the tree that keeps on giving all year. There are three charts in this Newsweek article which pictorially details the numbers of gifts and value of them to each Justice. At the end of this article is a link to an XCELL Spread Sheet which will give you the numbers and dollars associated with each...

I was never faced with a company rule or contract limiting me to work for a competitor or blocking me from using my knowledge to start a business. I did have proprietary knowledge on certain things. It just never dawned on me to use such. Something called being ethical and maintaining a good reputation. At the same time, the company rule for noncompetes, etc. seems rather rigid and strict. Or a form of bondage where you are legally bound to a...