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Tag Archives: US EConomics

Let’s make a coronavirus deal?

Latest on the relief negotiations is here.  Short version, Pelosi and Mnuchin are still negotiating over a $1.9 trillion bill; McConnell is floating the idea of a $500 billion dollar bill, but it is far from clear he can or even wants to pass anything. If Pelosi can get to a deal with Mnuchin, that’s great.  I still think that the House should pass a bill with or without sign off from Mnuchin and challenge Trump and Senate Republicans to pass it. But I...

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A New Agenda for Postal Reform

Steve Hutkins of Save The Post Office critiques the cost-saving measures put into play to-date by PMG Louis DeJoy, the bypassing of the Postal Regulatory Commission which is supposed to review such plans, and the resulting unprecedented mail delays across the country. In conjunction with others, Steve proposes a plan to meet the Covid crisis head-on and lay a foundation for a future Postal Service. In late June of this year, a few days after the new...

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Redux et Redux

Slavery, never gone, had been given new life in Europe with slaves from Africa; first by Portuguese Traders in the 15th Century, then by the Spanish in the 16th. The bubonic plague of the 14th Century had wiped out one-third of Europe’s population; Europe needed laborers. Slavery was widely practiced on the continent and in the colonies until the 19th Century. Sharecropping, but another form of Western European feudalism dug up after having been buried...

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Jobless claims: only one week’s data, but cause for significant concern

Jobless claims: only one week’s data, but cause for significant concern Today marked the biggest increase in new jobless claims in two months, and one of the two biggest increases since May, while the slightly lagging continuing claims continued to decline. On a non-seasonally adjusted basis, new jobless claims rose by 76,670 to 885,885. After seasonal adjustment (which is far less important than usual at this time), claims rose by 53,000 to 898,000....

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Just Stirring the Pot

Regeneron Seeks Emergency Approval per trump’s miracle recovery and subsequent endorsement. Biotech company Regeneron moved Wednesday to apply for emergency approval for an experimental antibody treatment praised by President Trump. “Subsequent to our discussions with regulatory authorities, we have submitted a request to the U.S. Food and Drug Administration for an Emergency Use Authorization (EUA) for our REGN-COV2 investigational antibody combination...

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Deniality

Le dénialité est trop cher. Denial isn’t specific to Americans, though we do seem to be better at it than most. We are now at least 30 years into severe climate change, yet 30-40% of Americans are in denial; assumedly, still looking for, waiting for, a return to normal. Not only are we not going back to the way it was 30 years ago; under the best of scenarios, no one of the next 5 generations will see the weather and climate of 1990 again. Under less than...

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To Do IV. Education

The COVID-19 pandemic is just what the Doctor ordered for American education. Well, it could be. First, we must, as is our wont, muddle for as long as possible. Plenty of time. What with students and teachers being quarantined one right after another, it’s going to be a long year. Time a plenty to fall for all that state propaganda about how classrooms are safe and kids need to be in the classroom just like before. You’d think we would learn. It’s been a...

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Just Saying

We the majority 60% are being tyrannized by the minority 40%. Other the democratically elected House of Representatives, we are being governed by a President and Senate that are not representative of us, that oppose our majority positions. We the majority are being particularly tyrannized by the current Senate Majority leader who is from the small state of Kentucky. Kentucky is a state of less than 4.5 million population that gets back about $2.40 for...

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Ponzi Finance II: quid pro quo

The real story revealed by the New York Times Trump tax returns bombshell is not that Donald Trump paid no taxes in 10 out of 15 years or that he paid $750 in 2016 and 2017. The real story is that he doesn’t have net income to service his debt. There is nothing inherently illegal about that. He did it before in the 1980s and when real estate prices stopped rising in 1990, his creditors were left holding the bag. Hyman Minsky wrote about Donald Trump’s...

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A Look at Drug Pricing 2020, Costs, and Why “Redux”

I had written on the high cost of pharmaceuticals late 2019, “Another Look at Drug Pricing, Costs, and Why” citing from the World Health Organization, the ICER, JAMA Network, Health Affairs, and my own posts (links below and in text). You will find the some of the same articles cited in new commentary of increased drug costs in the Washington Post, Kaiser Health News, and Medpage Today. It appears the three of them have caught up with Angry Bear’s...

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