Tag Archives: Taxes/regulation

This post is before my time of writing at Angry Bear. It does fit in nicely with the need for reasonable economics of our times and I noticed its popularity growing . The author of this piece is Kash, one of the originators of AB. This is a rehash which has seen rising popularity. If you consider when this was written, it was on the precipice of the 2008 collapse when both Wall Street and Main Street were ready to fall into a depression. While...

Commenter and Agriculture Economist Michael SmithThe Tale of Two Freezes:This one has been a long time coming and with the special session happening in Texas with our legislature a few things have become very apparent. Texas gets criticized heavily in the media all over the United States, and arguably, worldwide. We are a cast as a brazen form of maverick insurrectionists some of it reality, some not. But the truth is a little more egregious. Let’s...

This was always the plan? The plan did not include forcing people out of traditional Medicare and into Medicare Advantage. No mistake on the date on this Copied and Pasted Angry Bear post from almost two years ago. Nancy Alt, Andrew Sprung, and Angry Bear were sounding the alarm in 2019 about trump’s move to privatize Medicare using Medicare Advantage plans and by placing traditional Medicare users into these commercial insurance plans....

What are we talking about here? Federal Reserve is taking an initial step towards launching its own virtual currency. The move is disturbing to banks as it gives millions of low-income Americans access to the financial system and fortifies the dollar’s status as the world’s reserve currency. The rise of private cryptocurrencies is motivating the Fed to start considering a digital dollar to be used alongside the traditional paper currency. The...

April Trade Deficit Decreased 8.2% on Lower Imports of Consumer Goods and Automotives, Commenter and blogger RJS Our trade deficit was 8.2% lower in April, as our exports increased and our imports decreased . . . the Commerce Dept report on our international trade in goods and services for April, incorporating an annual revision, indicated that our seasonally adjusted goods and services trade deficit fell by a rounded $6.1 billion to $68.9...

First Genetically Modified Mosquito Released in the United States, Nature (News in Focus), Emily Watz, presented by Professor Joel Eissenberg commenter at Angry Bear. Biotech firm Oxitec launched a controversial field test of its insects in Florida after years of opposition from residents and regulatory complications. The issue at hand is whether it is ethical to eliminate a species even though it causes human contagions. This is the first time...

Further considerations on the disappointing April jobs report. Consider the averages! I’ve been threatening for a couple of weeks to run some extended comments on the big miss in the April jobs report. As there’s no economic news of note today, here goes . . . . 1. It’s possible March was the outlier rather than April. The original report for March was that 916,000 jobs were added. In this month’s report it was revised down to 770,000....

Steve Hutkins from Save the Post Office. As you can see, postal service delivery would lengthen from a maximum of 3 – day delivery to 4 and 5-day delivery service for First Class mail and Periodicals. The impact of the changes in delivery would would slow approximately 20.7 billion pieces of First Class Mail, or about 39 percent of FCM volume (see chart below). The Postal Service has requested an Advisory Opinion from the Postal Regulatory...

Big Pharma says they need to charge astronomical prices to pay for research and development. Yet, the amount they spend on manipulating the market to enrich shareholders completely eclipses what's spent on R&D. Today, I confronted a CEO about the industry's lies, with visuals ⤵️ pic.twitter.com/c3jSLr0yVd— Rep. Katie Porter (@RepKatiePorter) May 18, 2021 Tags: big pharma, drug prices...

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666 Producer Prices rose 0.6% in April on Higher Wholesale Food Prices, Wider Margins for Transportation Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.6% in March, as prices for both finished wholesale goods and margins of final services providers rose 0.6%. That...