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Tag Archives: Featured Stories

June personal income and spending show pandemic cushion approaching depletion

[unable to retrieve full-text content]June personal income and spending show pandemic cushion approaching depletion How well personal income and spending held up throughout the pandemic is one of the best things about the government response. For June, nominal personal income increased 0.1%. After inflation, however, it decreased -0.4%. Nominal personal spending increased 1.0%. After inflation, it still increased 0.5%. […] The post June personal income and spending show pandemic...

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If you’re a progressive, the design and implementation of the new Child Tax Credit should worry you

The American Rescue Plan included a fully refundable child tax credit.  The credit provides $3,600 per year for children under 6, and $3,000 per year for children between 6 and 17. The credit is paid out monthly, and slowly phases out for single parents who earn more than $112,500 and married couples earning more than $150,000. This legislation marks a sea change in government policy towards poor children.  For years, the poorest children have...

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BREAKING AND ENTERING: How to get into farming . . .

Farmer – Economist Michael Smith is discussing how people get into farming and the issues. There are three ways to get into faming, each with their own issues, pitfalls, and nuances. There are three distinct ways to get into farming and those paths are all not worn at all. After a few rainy and hot weeks of watching the Top Gear guy farm his land he previously was subbing out, he now wants to argue with his wife about Cartel Avocados, and...

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May JOLTS report continues to show a jobs market out of equilibrium

May JOLTS report continues to show a jobs market out of equilibrium This morning’s JOLTS report for May continued all of the trends we saw in April – a huge amount of unfilled job openings, a comparatively weak level of actual hiring, an enhanced number of people quitting their jobs, and record low layoffs and discharges. To begin with, on a month over month basis, all 4 of the metrics above, plus total separations, declined: As...

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No, liberals are not to blame for political polarization

No, liberals are not to blame for political polarization Over the long weekend, Kevin Drum picked a fight by saying that you should “blame liberals” for culture wars, arguing that liberals have shifted their positions much more over the past two decades than conservatives. This has provoked some strong counter-arguments, but what has struck me – as usual – is how little people have actually looked at the data. When you do so, there are at least...

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Water

Utah and Beyond Tuesday, June 29, 2021: The small town of Lytton, British Columbia, Canada recorded a high of 121 degrees Fahrenheit. This was the highest ever recorded in Lytton, in British Columbia, in Canada. Wednesday, June 30, 2021, the small town of Lytton burned to the ground. On Monday, June 28, 2021, the temperature in Portland, Oregon reached 116 degrees Fahrenheit, the highest ever recorded. On that same day, Seattle recorded 108...

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Covid Pandemic Causes the Biggest Drop in U.S. Life Expectancy

Black and Brown Americans suffer the most in biggest U.S. drop in life expectancy since WWII, Modern Healthcare, June 2021 In an earlier post listing a series of articles I thought might be interesting to AB, this one Modern Healthcare article was listed as one of interest. I decided to expand on the article and allow it more space and subsequent detail. The advent of Covid, lack of medical access, and subsequent resistance to vaccinations has...

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Classical liberalism and the politics of white grievance

It is an unfortunate fact that many think tanks funded by conservative plutocrats and nominally devoted to spreading free-market ideas actively foster the politics of white grievance.  I believe the evidence for this claim is quite strong, but it is not always immediately obvious that this is happening.  Classical liberals and libertarians generally do not engage in overt race-baiting, and they make arguments with at least a thin veneer of...

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Manufacturing Process for Semiconductors Today. Could There be Better Supply Results?

“Could it be a better result? By this, I mean should there really have been an extreme shortage and long lead times?” A fellow writer was an engineer at OnSemi. As he stated once, his job was watching the crystals (future “wafer material) grow. More coming on this comment shortly. You will not be experts (I am not either) in the process. Hopefully, you will understand why the issues associated with manufacturing semiconductors are questionable. I...

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