Tag Archives: US EConomics

About half of this is original and the other half is a rewrite. Just explaining things more than the author. What President Joe Biden is doing is repealing trumps Short Term Healthcare Coverage which today is less than 365 days. This was extended from prior 3-month coverage (maximum 4 months) when Congress failed to repeal the PPACA or ACA. President trump by executive order lengthened the 3-month coverage to one day shy of one year. By having...

What the Roosevelt Institute and GreenBiz are pointing out is the delay in bring Energy, more clean energy online to satisfy the nation’s requirements, reduce pollution, and avoid severe climate change. Both are putting pressure on the government to move these projects along. They are calling for a mobilization of resources to implement the projects and reduce the amount of project As GreenBiz points out the implementation time has grown from 2 years...

What the Roosevelt Institute and GreenBiz are pointing out is the delay in bring Energy, more clean energy online to satisfy the nation’s requirements, reduce pollution, and avoid severe climate change. Both are putting pressure on the government to move these projects along. They are calling for a mobilization of resources to implement the projects and reduce the amount of project As GreenBiz points out the implementation time has grown from 2 years...

The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls for the entire spectrum of nonsupervisory American workers increased  0.3% in June and are up 3.1% from one year ago:...

The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls for the entire spectrum of nonsupervisory American workers increased  0.3% in June and are up 3.1% from one year ago:...

I was catching up on the back issues of New Yorker accumulating on the coffee table, and read an article about the rise and decline of libertarianism in the GOP. The idea that anything resembling libertarianism was actually popular in the Republican Party is a joke. Ostensibly, libertarian wants to shrink big government. OK, lets talk about that. The US military is (1) one of the largest government programs, and (2) the most transparently socialist...

I was catching up on the back issues of New Yorker accumulating on the coffee table, and read an article about the rise and decline of libertarianism in the GOP. The idea that anything resembling libertarianism was actually popular in the Republican Party is a joke. Ostensibly, libertarian wants to shrink big government. OK, lets talk about that. The US military is (1) one of the largest government programs, and (2) the most transparently socialist...

Powell: “Labor costs are really the biggest factor in most parts of that sector (service),” Powell said. “We need to see a better alignment of supply and demand in the labor market and see some more softening in labor market conditions so that inflationary pressures in that sector can also begin to subside.” Open Thread July 9, 2023 US Debt, Angry Bear, angry bear blog ...

Powell: “Labor costs are really the biggest factor in most parts of that sector (service),” Powell said. “We need to see a better alignment of supply and demand in the labor market and see some more softening in labor market conditions so that inflationary pressures in that sector can also begin to subside.” I believe Powell is attempting to be another Volcker. In all my years in consulting to supply chain Globally, Direct Labor has not been the...

Initial claims move closer to red flag recession warning  – by New Deal democrat Initial jobless claims declined -12,000 last week to 237,000. The four week average declined -6,750 to 246,750. With a one week delay, continuing claims increased 11,000 to 1,729,000: More importantly for forecasting purposes, the YoY% increases were 7.2% for the weekly number, 14.5% for the 4 week average, and 31.6% for continuing claims respectively: This...