Initial and continuing claims, JOLTS show labor market “less awful” improvement continues – for now Weekly initial and continuing jobless claims have been giving the most up-to-date snapshot of the continuing economic impacts of the coronavirus on employment. This week continues the trend of slight improvement (or, more truly, slightly less awful). Below are initial jobless claims both seasonally adjusted (blue) and non- seasonally adjusted (red). The...
Read More »No, it is not “erasing history”
Infidel 753 writes at his own site of the same name. From time to time in the past he has put up several of Angry Bear’s posts on Crooks and Liars. This post (of his), I find interesting as he discusses the history and legitimacy of statues honoring Confederates and US military bases named after Confederate military leaders. History needs to be recorded and remembered, regardless of how we today judge the events and people of the past. What happened is...
Read More »The COVID-19 Economy: What Can We Do?
By James Kwak Today, the Washington Post’s Outlook section published my article on the future of the American economy in the wake of the pandemic. They invited me to write it because of my earlier blog post on “Winners and Losers.” (Hey, despite all appearances, maybe blogs are still worth writing.) Photo by skeezeThe article is pretty gloomy. The short summary is that the COVID-19 pandemic will accelerate and reinforce the two primary economic trends of our time: consolidation and...
Read More »The COVID-19 Economy: What Can We Do?
By James Kwak Today, the Washington Post’s Outlook section published my article on the future of the American economy in the wake of the pandemic. They invited me to write it because of my earlier blog post on “Winners and Losers.” (Hey, despite all appearances, maybe blogs are still worth writing.) Photo by skeezeThe article is pretty gloomy. The short summary is that the COVID-19 pandemic will accelerate and reinforce the two primary economic trends of our time: consolidation and...
Read More »Being Targeted
Being Targeted Arguably this is paranoia, but the mayor and police chief of my city do not think so and have officially reacted with a formal response. What a sign that I am an old whatever, praising local law enforcement, but, well…. So the issue is that late last evening a truck full of masked white men, and no, we are not talking health masks but ones that cover ID, with flags waving including the Confederate battle flag, were going up and down our...
Read More »It’s the Economy
It’s the Economy by Ken Melvin Ask any group of people who have successfully started a small business and to a person, they will tell you that there had been at least once when it could have gone either way. Eight out of ten fail in those perilous first two years. No doubt some of the 80% made fatal mistakes, but how many of them did everything right and still failed? Some of the 20% made what could have been fatal mistakes yet came out smelling like a...
Read More »Protected: Fed Deficit as a % of GDP now at new record
Question(s) and Thoughts of the Day
Back to School: As Kayleigh McEnany leaves the podium, White House reporter Brian Karem shouts this question: “Kayleigh, if it’s safe to send people back to schools, is it safe to send Manafort back to prison?” Brian Karem If America’s children can return to school, Roger Stone can keep his date with prison. Janice Clark A letter to Lt. Colonel Vindman: A birthday wish: Happy 65th birthday to “Lindsey Graham SC” As your Senator, I promise to...
Read More »Worrying About November 3, 2020
Worrying About November 3, 2020 Sigh. So the US election is now just four days less than being four months from now, and, really, anything can happen. After all, four days less than four months ago was March 11, just before the US fully recognized that we were in a pandemic, with everything closing, and “the economy falling off a cliff,” as it is now put, but was not obvious on 3/11 at all, even though it was only about two days away. And the murder...
Read More »Republicans Built and Own This
And we as Democrats did not resist hard enough and gave in to the Republican message. It wasn’t the lack of turnout by black Americans causing Trump to be elected. It was not the failure to vote as the numbers of voters exceeded that of the 2012 election. It was the minority of voters who cast their ballots in the “others” column or as the media calls the “anybody but trump or Clinton” vote which was at a historical high. Many voters bought into the...
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