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by New Deal democrat Housing rebounded sharply in May One aspect of the economy that is important in terms of how well things will go once the pandemic ultimately recedes (which won’t occur until after next January 20) remains housing. And low-interest rates brought housing back from the depths in May. My look at the current state of mortgage rates, housing sales, and prices is up over at Seeking Alpha. ...

from David Ruccio Before he was killed, George Floyd worked as a truck, a bouncer, and a security guard. Ahmaud Arbery worked at his father’s car wash and landscaping business, and previously held a job at McDonald’s. Breonna Taylor was a certified Emergency Medical Technician who had two jobs at hospitals in Louisville, Kentucky. Eric Garner worked as a mechanic and then in New York City’s horticulture department for several years before health problems, including asthma, sleep apnea,...

from Lars Syll The most expedient population and data generation model to adopt is one in wh ich the population is regarded as a realization of an infinite super population. This setup is the standard perspective in mathematical statistics, in which random variables are assumed to exist with fixed moments for an uncountable and unspecified universe of events … This perspective is tantamount to assuming a population machine that spawns individuals forever (i.e., the analog to a coin that...

from Ikonoclast (originally posted as a comment) There is clearly a strong correlation between science denialism and COVID-19 case rates in developed and semi-developed countries. Capitalism has an ambivalent relationship with science. Capitalists love production science and technology, including of course mining, industrial, consumerist, military, security, control and persuasion techs but they hate impact science. The impact sciences of course measure the impacts of science and...

from Norbert Häring From March 2021 people with an “I’ve got nothing to hide” attitude will be able to get around border and ticket controls at St Pancras International Station in London on their way to the Continent via the Eurostar, All they will have to do is upload a suitable portrait photo and a copy of their identity document to a government server. Then, instead of standing in a queue, they can walk down a camera-tagged “biometric corridor” without having to show a document. The...

from Lars Syll Economics is a discipline with the avowed ambition to produce theory for the real world. But it fails in this ambition, Lars Pålsson Syll asserts in Chapter 12, at least as far as the dominant mainstream neoclassical economic theory is concerned. Overly confident in deductivistic Euclidian methodology, neoclassical economic theory lines up series of mathematical models that display elaborate internal consistency but lack clear counterparts in the real world. Such models are...