Tag Archives: US EConomics

California Democrat State Senator Scott Wiener’s (SB770) wants to talk more about single payer which some dispute as even being single payer. Health Care 4 Us (Democrats) join with union nurses in California who champion AB 1690. SB 770, establishes a “working group” to advise the Governor in informal conversations with the federal government about waivers to capture federal funds for a unified financing health care system. The fear being the talking...

A bit of Political Activism Here . . . It appears SB770 is a way to slow the move to Single Payer healthcare in California. AB 1690 needs to be approved. HC4US joins union nurses in California who champion AB 1690, which sets in motion a single-payer health care coverage system for all residents in the state called CalCare. Another bill, SB 770, would establish a “working group” to advise the Governor in informal conversations with the federal...

Initial claims improve weekly, continue to suggest slow weaking  – by New Deal democrat [Reminder: I’m still traveling, so with no economic news, don’t expect a post tomorrow.] Initial jobless claims declined to 230,000 last week. The more important 4 week average increased to 236,750. Continuing claims, with a one week lag, declined slightly to 1.702 million: The YoY% change in the 4 week average, more important for forecasting purposes,...

AB: It is a government policy to turn the fruits of its research over to private industry without any strings attached. The 1980 Bayh-Dole Act allows the National Institutes of Health (NIH) and universities housing government-funded scientists to patent and transfer (for royalties, of course) their scientific discoveries, research tools, and drug candidates to private developers. Smaller entities are created to do the research and development of new...

Unlike homeowners, home builders can alter their product and (much more flexibly) their price point  – by News Deal democrat Yesterday I noted that home builders, unlike existing homeowners trying to sell their existing house, have flexibility in the size and amenities of the house they will build, as well as the price they are willing to set, based on commodity costs and profit margins. Today’s new home sales report for July confirmed that,...

A minimum standard for lightbulbs has been set at 45 lumens (brightness) per watt. Most traditional incandescent and halogen lightbulbs won’t make the cut. Switching over from older lightbulbs to newer LED bulbs will “conserve energy and help consumers save on their energy bills.” This according to the rule announced in April last year. Changing Energy Costs, Angry Bear ...

Science Fiction When I was growing up, there as not a time when I did not have a book in my hands and reading. One of my favs was science fiction, another was the Civil War, and then the classics. I stumbled upon a short story about futuristic fighter pilots. The issue to the story being it was an even battle between to waring nations. No one could gain the upper hand as computers determined the tactics only to be countered by other computers. One...

AB: The link below the chart developed by Josh Bivens is to find subsidies or funds granted to towns, cities, counties, and states under the American Rescue Plan Act. For example, one small city i live in was granted $6.7 millions to which they wish to apply for an eight-mile water pipeline to an area northwest of the city. It is for new construction rather than improving the infrastructure they already have in place. Mind you, we are living on the...

Weekly Indicators for August 14 – 18 at Seeking Alpha  – by New Deal democrat [First of all, a reminder: I am on vacation for the next week, so don’t expect daily posts, especially if no significant economic data is released.] My Weekly Indicators post is up at Seeking Alpha. While collapsing commodity prices have buoyed the shorter term leading indicators, the renewed increase in interest rates has made the long leading indicators even...

Pharma’s strike-from-all-sides attack on the IRA could be decided by the Supreme Court, PharmaVoice, Alexandra Pecci Pharma Voice reports Merck & Company and Bristol Myers Squibb in separate lawsuits are filing a multi-directional attack on Biden’s IRA using the first and fifth amendment as the basis for their filing. Industry lobbyists and co-litigants have joined with the two companies and include the Eighth Amendment in their filing in...