Tag Archives: Hot Topics

A brief introduction. I received an email about a week ago asking if Angry Bear would be interested. I wish I had posted it then. The survey reflects what students of all ages are thinking about Climate Change. A good read . . . ~~~~~~~~ A BestColleges survey reveals the majority of students think climate change threatens their personal safety — and that policymakers should do more to address it. “40% of Likely Student Voters Say Climate...

This seems appropriate three days before an important election. Are we going to take back our right and not allow a minority to force their will upon a nation. Denying women, the right to decide was just one step in the process. I think we will take that right back. Professor Heather Cox – Richardson has a post tonight on women achieving the right to vote and “deciding.” making decisions, determining their future . . . The right to decide for...

“Weekly Indicators for October 31 – November 4″ at Seeking Alpha.  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Data doesn’t move relentlessly in one direction, and this week there was some improvement in some of the indicators I follow. As usual, clicking over and reading will bring you up to the virtual economic moment, and reward me a little bit for my efforts. “New Deal democrat’s Weekly Indicators for...

Courtesy of EMicheal in comments. Kind of the point, I have been making for a while now. Labor wages are not the big driver of inflation. Corporations are increasing non-cost related prices and blaming it on inflation. But it’s not because of inflation. It is a cause of inflation. The public newscasters are selling their wares, ignorance, or lies on TV or the internet. It is a deliberate miscasting of the economic issues. Prices are rising not...

Are You Sure About that? Not sure why a man with an orange face and orangish thin hair holds such sway over so many people. He has done so little for the people who follow him. They believe his every word. In Arizona, the poll watchers are out at each of the polling boxes. Not sure what they are going to see as each person deposits the enveloped ballots. My wife and I took ours to the Post Office. Armed and masked men taking pictures of people...

The Fed appears determined to cause a Volcker-like recession  – by New Deal democrat Yesterday the Fed raised rates another 0.75%. In the past 8 months, the Fed has raised rates a total of 3.75%. This is one of the steepest increases in interest rates ever, only exceeded by the pace of the two 1970s oil shocks (1974 and 1979) and Volcker’s inflation jihad of 1981, as shown in the below graph of the YoY% change in the Fed funds rate. Note...

“Major student-loan company (MOHELA) just undermined the GOP-led lawsuit halting Biden’s debt cancellation,” (msn.com), Ayelet Sheffey. Oct 12, 2022, Biden’s Student-Debt Relief Goes to Court Today. Here’s the GOP Argument, (businessinsider.com), Ayelet Sheffey. Republicans representing Arkansas, South Carolina, Iowa, Kansas, Nebraska, and Missouri all said the states could suffer revenue loss from student-loan forgiveness, even as Biden’s...

 Jobless claims: steady as she goes by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit special attention. I will put up a special post on that later today.] Initial jobless claims remained at their recent low level, down -1,000 from one week ago to 217,000. The 4 week average declined -500 to 218,750. Continuing claims, which lag slightly, rose 47,500 to a 7 month...

[embedded content] I can tell you now, I know I am better off now than then. I believe most of us are better off now. In 2010, I was working out of state after renting a room from Charlie in Cazenovia, NY. I was working for the Germans running a purchasing department. In 2010 and after several years of unemployment, a Republican Congress decided to end unemployment. Basically, they tossed people who were out of work, had no healthcare, or monthly...

September JOLTS report: despite the increase in openings, the decelerating trend in the game of reverse musical chairs remains intact  – by New Deal democrat In 2021 and earlier this year, the jobs market was typified by a game of reverse musical chairs in which there were more chairs (available jobs) than players (job seekers). As a result, employers had to increase wages in order to attract workers to their openings. But since this left other...