Tag Archives: politics

Former President Donald Trump’s lost support from both the Wall Street Journal and the New York Post. An editorial by each paper on Saturday called trump unfit(?) to hold office again (?). The New York Post delivered a “crushing” blow to trump’s hopes to run for re-election again in 2024. Over the weekend, both of the Rupert Murdoch-owned papers came down hard on the former president. after the most recent House Select Committee hearing...

“The Grain Deal,” Econospeak by Barkley Rosser Finally we have something sort of hopeful happen in the war in Ukraine that might help alleviate problems it has generated for much of the world.  A deal has been struck to allow Ukrainian grain to be exported from Odesa and two smaller ports near it across the Black Sea and out into the Mediterranean to world markets.  With something like 20 tons of grain, mostly wheat, sitting there for some...

There is a lot of noise about the shortage of semiconductors. I am not going to explain it all here. You will find the explanation of manufacture in the articles. It takes weeks to grow wafers and then Fab semi-conductors. Not maintaining orders for semiconductors creates shortage when production starts up again. The purchase of semiconductors has changed since I was in it in 2008 chasing automotive OEM caused shortages. Growing the wafers could...

A collection of interesting reads, news, and articles from the last week. Healthcare “Fauci to Retire by End of Biden’s First Term” (medscape.com), “Biden’s chief medical officer (Fauci), who has also been director of the National Institute of Allergy and Infectious Diseases since 1984, told Politico he is not planning to wait for COVID-19 to disappear before retiring.” “Three Key Strategies for Combatting Nurse Turnover” | MedPage Today,...

A note on inflation and whether the Fed should continue to raise rates – and whether it is “behind the curve” No important economic releases today (july 18), and almost no reporting by States as to COVID counts over the weekend, so let’s back up and take a look at something that’s been simmering on my intellectual back stove, so to speak: should the Fed be raising rates to combat this inflation? Has inflation already peaked? Or is the Fed way...

Many Democrats seem to view bipartisanship as a trap for naïve centrists.  This view is understandable given the way Republicans play political hardball.  But the right response to hardball is to use bipartisanship strategically, the way Republicans do, not to eschew it altogether. There are several advantages to pursuing bipartisan agreements.  First, many people hate political conflict in Washington.  They want bipartisanship.  And rightly or...

Pulled from Comments Section. Fred Dobbs Commentary NY Times magazine – July 17 Pioneering Economist Says Our Obsession With Growth Must End, NYT, David Marchese  Growth is the be-all and end-all of mainstream economic and political thinking. Without a continually rising G.D.P., we’re told, we risk social instability, declining standards of living and pretty much any hope of progress. But what about the counterintuitive possibility that...

Just some ramblings of mine after looking at numbers. I do know Wisconsin, Michigan, and Pennsylvania voter politics are changing. They are slowly becoming Democratic. People migrating to other states appear to be more liberal than the ones living there already. AZ is a purple state. That is the longer term outlook. It looks like Senator Kelly will win re-election. This comes after Republicans and SCOTUS have blown things up. We could use two more...

Just How Bad Is Biden’s Trip To Saudi Arabia?, Econospeak by Barkley Rosser  Yes, I posted on this awhile ago, but at that time it was a maybe. Now he is in the air on his way, although, of course, to Israel and the West Bank first, where I have no complaint or comment much. So, basically what I said earlier largely holds, that this is not a trip with much good likely to come out of it. Main “goods”?: affirmation of in-place cease-fire in...

June CPI report: bad, bad, bad, bad, bad  – by New Deal democrat In case for some reason you haven’t already heard, the inflation news for June was uniformly bad. Here is some of the carnage. For the month of June only:   overall inflation was up 1.3%, the highest monthly increase since 2005  energy inflation was up 7.5%  inflation less energy was up 0.7%  inflation in used cars and trucks was up 1.6%  inflation in rents was up 0.8%, the...