Tag Archives: US EConomics

Not too much has changed in the process food industry. Baloney, salami, hot dogs, sweet rolls, etc. are still the same. Process foods consists of any “raw agricultural commodities that have been washed, cleaned, milled, cut, chopped, heated, pasteurized, blanched, cooked, canned, frozen, dried, dehydrated, mixed or packaged or anything done to them altering their natural state.” It also includes adding preservatives, flavors, nutrients and other...

How much would it cost consumers to give farmworkers a significant raise? A 40% increase in pay would cost just $25 per household, Economic Policy Institute, Daniel Costa and Philip Martin, October 15, 2020 A 40% increase in pay would cost just $25 per household . . . This was up in 2020 at posted by Dan. Doing some of the housework around Abgry Bear, I ran across this post as displayed by Dan. I added the chart. Framers are still the...

This is interesting. John Deere a manufacturer of gasoline driven equipment is partnering with an international company owned by Chevron and is based in Nanjing China. EGO is led by CEO Long Quan Pan (title: Chairman/CEO/Executive Director/Co-Founder, Chervon Holdings Ltd.). My initial thought was, why doesn’t John Deere buy EGO out right making it a division of it. I suspect the opposite will happen as John Deere has an extensive distribution...

Burger King Whopper is 4 ounces. A Wendy;s single is 4 ounces. The real question is, can you misrepresent a product in advertising? Everyone may know the product is not what it is claimed to be. However, does this relieve the seller of responsibility for misrepresentation? The ten and fifteen cent McDonald’s burgers were tiny at the time. The McDonalds Quarter Pounder weighs 4.25 ounces. Did McDonalds brag of their size? or is it all in what you...

Weekly Indicators for August 28 – September 1 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The long leading indicators continue to forecast that a hard landing is out there, while the short leading indicators – aided by a sharp increase in consumer spending in the past few weeks – say it isn’t close to being here, at least not yet, As usual, clicking over and reading will bring you up to the...

If I was new to this dilemma, I would believe this is better news than prior announcements. But it is not good news, it is news coming too late for the borrowers holding exaggerated debt due to penalties, consolidation fees, interest, interest on that interest, and rate changes. If this was said a decade ago, it might make sense. It is only now, the Department of Education has caught up with how old some of these loans are today. Why does this...

August jobs report: deceleration shows up in spades  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, particularly manufacturing and residential construction jobs, but also total construction and goods production jobs as a whole; as well as watching for the increase in jobless claims to translate into a higher unemployment rate (a leading relationship that it has had for over 50 years). And, with help...

To pull off the project, the company will almost certainly have to use the state’s initiative system to get Solano County residents to vote on it. The hope is voters will be enticed by promises of thousands of local jobs, increased tax revenue and investments in infrastructure like parks, a performing arts center, shopping, dining and a trade school. What Moritz is talking about is a concept called Mixed Village Use. A village or a town which is...

YoY initial claims restart the yellow caution flag, suggest unemployment will rise towards 4.0%  – by New Deal democrat I’ll post on personal income and spending a little later. But first, initial jobless claims declined -4,000 to 228,000 last week. The more important 4 week average increased 250 to 237,500. With a one week delay, continuing claims increased 28,000 to 1.725 million: For forecasting purposes, the YoY% change is more...

Not Everything We Call Cancer Should Be Called Cancer, rsn.org. The NYPD Denied Our Request for Body Camera Footage of a “Friendly Fire” Killing. Here’s How We Got It Anyway, ProPublica, Mike Hayes. Clarence Thomas officially discloses private jet trips on GOP donor Harlan Crow’s plane, CNN Politics, Ariane de Vogue and Devan Cole. Stay away from Arizona. That’s what Canada essentially is telling its people, msn.com, Phil Boas. Arizona...