The Angry Bear

by Alan Collinge Medium A number of beltway “experts” are currently claiming that cancelling student loans would unduly benefit the wealthy. These claims are based upon blatantly flawed research, They have been used by very well-coordinated media/social media campaigns, designed to kill the push for student loan cancellation, and have flooded the zeitgeist in recent weeks. Most recently, Professor Kent Smetters (The Wharton School at the...

And the grift goes on:“Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.“McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,”...

A high court decision in favor of Idaho puts at risk the federal government’s ability to set national environmental, labor and consumer protection standards. by Merrill Goozner Angry Bear can not add to Merrill’s remarks on Idaho’s stance banning abortion in almost all circumstances and their claims to preempt the federal Emergency Medical Treatment and Active Labor Act. Until it is them who are endangered will we find the rules (which they...

 – by New Deal democrat The Bonddad Blog First off, let me reiterate that my focus this year is on manufacturing and construction. That’s because these are the two sectors the waxing and waning of which have almost always determined if the US economy is growing or not. By contrast, for the past half century or more the production and consumption of services has tended to increase even right through most recessions. With that framework in...

by Andrea Hsu National Public Radio The Starbucks case is more a battle over which approach Appeals courts should use when they consider requests for injunctions like this one over labor violations. The Supreme Court appears to be weighing in on their decisions. The impact of the Supreme Court decision will weigh heavily on unions and labor. Five Appeals court use a two-prong test: – Is there “reasonable cause” to believe an unfair...

It is getting serious now. Kroger is willing to sell off more stores in order to consolidate with Albertsons. The one thing we keep on seeing is the manipulation of supply chain due to circumstance to achieve manufacturing shortfall, and influence, to maximize profits. Much of what we have and are experiencing was avoidable. The tools exist to give better perspectives of what is going on from start to finish of product. As you read through my telling...

In many capitalist European countries, college students do not have to pay tuition fees out of their own pockets. Here in America, most students have to fund their own college costs, which for many students means student loans. Whether or not they complete the degree, student loan borrowers can’t discharge these loans through bankruptcy.Of course, college isn’t free in Europe, it’s paid for by taxpayers. Presumably, those countries believe the...

 – by New Deal democrat The Bonddad Blog As per my usual caveat, while new home sales are the most leading of the housing construction metrics, they are noisy and heavily revised.  That was true again this month, as sales (blue in the graph below) increased almost 9% m/m to 693,000 annualized, after February was revised downward by -25,000 to 637,000. As the five year graph below shows, after the initial Boom powered by 3% mortgage rates,...

https://www.economist.com/briefing/2024/04/11/homeowners-face-a-25trn-bill-from-climate-change

by Suzanne Gordon and Steve Early Washington Monthly Trump has mocked veterans and privatized their health care. Biden honors them but hasn’t challenged Trump’s privatization policies. Currently, they are moving more and more veterans to commercial healthcare. This rather than restoring VA healthcare to a better place for veterans to be and at a lower cost. Think of Medicare Advantage. From mocking John McCain’s military service...