Tag Archives: politics

by Alan Collinge Medium A number of beltway “experts” are currently claiming that cancelling student loans would unduly benefit the wealthy. These claims are based upon blatantly flawed research, They have been used by very well-coordinated media/social media campaigns, designed to kill the push for student loan cancellation, and have flooded the zeitgeist in recent weeks. Most recently, Professor Kent Smetters (The Wharton School at the...

And the grift goes on:“Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.“McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,”...

 – by New Deal democrat The Bonddad Blog First off, let me reiterate that my focus this year is on manufacturing and construction. That’s because these are the two sectors the waxing and waning of which have almost always determined if the US economy is growing or not. By contrast, for the past half century or more the production and consumption of services has tended to increase even right through most recessions. With that framework in...

by Andrea Hsu National Public Radio The Starbucks case is more a battle over which approach Appeals courts should use when they consider requests for injunctions like this one over labor violations. The Supreme Court appears to be weighing in on their decisions. The impact of the Supreme Court decision will weigh heavily on unions and labor. Five Appeals court use a two-prong test: – Is there “reasonable cause” to believe an unfair...

 – by New Deal democrat The Bonddad Blog As per my usual caveat, while new home sales are the most leading of the housing construction metrics, they are noisy and heavily revised.  That was true again this month, as sales (blue in the graph below) increased almost 9% m/m to 693,000 annualized, after February was revised downward by -25,000 to 637,000. As the five year graph below shows, after the initial Boom powered by 3% mortgage rates,...

by Suzanne Gordon and Steve Early Washington Monthly Trump has mocked veterans and privatized their health care. Biden honors them but hasn’t challenged Trump’s privatization policies. Currently, they are moving more and more veterans to commercial healthcare. This rather than restoring VA healthcare to a better place for veterans to be and at a lower cost. Think of Medicare Advantage. From mocking John McCain’s military service...

by Steve Roth Wealth Economics Imagine a five-player poker game. Assume all the players have equal skill, so the flows across the table over the course of the game are just a random walk. “It’s just how the cards fall.” All the players start with the same number of chips. But there’s one difference: four of the players don’t have any more assets/money to buy new chips. If they lose all their chips, they’re out. The fifth player has...

Look, Mike Johnson is a right-wing Christianist theocrat, but he did the right thing on Ukraine aid. I get it. This was partly a power play on his part to show that he, and not MTG, is in control of the House. And if the deal was that Democrats will vote against a motion to vacate in return, I’m OK with that transaction. Mike Johnson and the politics of compromise Tags: Mike Johnson, the politics of...

by Prof. Heather Cox Richardson Letters from an American What you are witnessing here is something a regular citizen would not have the ability to do in a court of law. So far, the court has shown much lenience for his and his attorneys’ antics. I have not seen this being tolerated. It is meant to wear the system down or provoke a response from the judges. A response which would play back to the fools in support of trump. Wisely, the court...

By annie annieasksyou . . . Angry Bear lacks a woman writer. In the past we had several excellent writers. They offer a different perspective than my writing gymnastics or Joels for that matter. I am happy to have Joel offer up his words on other topics. If you are bold enough to plunge into Angry Bear’s environment, we would love to have you aboard. Meanwhile, enjoy Annie from Annie Asks You on this Sunday morning. ~~~~~~~~ And JUST...