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Read More »Letter: The economic conditions that make wars more likely
FEBRUARY 17 2023 One year has passed since the start of Russia’s invasion of Ukraine, and nothing seems to indicate that the flames of war are dying. Why does the war still continue? Why are military tensions rising in the world? We reject the thesis of a “clash of civilisations”. Rather, we need to recognise that the contradictions in the deregulated global economic system have made geopolitical tensions more acute (Opinion, February 14). One of the worst faults of the present...
Read More »Bringing Railroads Under Public Ownership
UE is the United Electrical, Radio & Machine Workers of America issuing a statement by its Executive Board. In case you are wondering, UE is responsible for transporting train crews. The membership is approximately 2,000. It is interesting to note, their claiming of pricing issues with the transportation of goods across the US. Typically, we see these costs passed along in the form of shortages and/or higher prices. UE is also calling...
Read More »The Wordy Shipmates
For awhile, my favorite radio show was This American Life. And one of my favorite voices on the show was Sarah Vowell. Her nasal, girlish tone belied a sophisticated intelligence and wicked sense of humor.I recently read “The wordy shipmates” by Sarah Vowell. It’s basically her idiosyncratic take on the Puritans who colonized Massachusetts at Plymouth and Massachusetts Bay. While they were escaping England because of religious persecution, the...
Read More »The “exhausted majority”
At Infidel753 blog, author Infidel has a great commentary from February 14th. He discusses an “exhausted majority” making up America which has found the ongoing politics to be unacceptable, having checked out of either side of the battle. Granted, the politics of elections and the thereafter has turned into a mudslinging contest. The news media reporting has helped to bring it to a new low. People do not even want to listen to the 20 of the 30...
Read More »Globalization’s Latest Last Stand
With the world increasingly turning away from economic integration and cooperation, the second wave of globalization is threatening to give way to fragmentation and conflict, as the first wave did in 1914. Averting catastrophe requires developing strong political foundations capable of sustaining a stable international order. LONDON – Is the world economy globalizing or deglobalizing? The answer would have seemed obvious in 1990. Communism had just collapsed in Central and Eastern...
Read More »Red/Blue COVID Death Rate Divide did not disappear after all
So much for the Covid Gap disappearing. The difference in the death rate for Covid still exists politically. It looks like the Red/Blue COVID Death Rate Divide didn’t disappear after all, ACA Signups, Charles Gaba Last month Charles Gaba noted the partisan COVID death rate gap again. And again it had been higher in the reddest U.S. counties than the bluest counties every month since July 2020. It appeared to be on the verge of finally...
Read More »Interesting Stuff from My In-Box, Maybe?
More Economic and Government topics the time. Much of it due to the pandemic caused economic issue. It is interesting as to how the news varies from week to week and what becomes important. I did add reports on Ukraine’s economy for 2022. You will see percentages from ~31% to ~38% cited depending on who you read. The Housing economy in in Arizona has come to a near standstill. At an AZ State House Committee meeting, the representatives were...
Read More »Wages and Salaries are Not the Cause for High Prices
Another take on wages and salaries outpacing inflation. Not so says Robert Shapiro. Inflation Reality Check: Don’t Blame Wages and Salaries for High Prices, Washington Monthly, Robert J. Shapiro Yes, economics can be complicated, and economic reporters work under tight deadlines. There is no excuse for the media meme blaming rising wages for much of today’s inflation. The Wall Street Journal summed up this erroneous view in a recent headline,...
Read More »The day could come when we could replace the New Deal with a better deal
According to Pence, Republicans will come up with a Better Deal to replace Social Security. Allow younger people to place their funds in private and commercial investment funds. Funds from which a portion will be taken to manage them and to which will be exposed to the ups and downs of the economy. Abandoning Social Security is part of the Republican plan to resolve the national debt. Countering this pan would be to allow the trump tax cut of...
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