Tag Archives: US/Global Economics

Unionize America sea to shining sea — do away with the biggest threat to democracy — with one easy federal labor law stroke. On Today’s Page (ontodayspage.blogspot.com), Denis Drew. Denis Drew has a commentary unions and federal Labor Law. Conjuring up a potential labor market where all businesses are family owned and family operated. Where no outside labor is hired and prices of goods and services are set at the highest amount families...

The 2024 presidential election will be between Joe Biden and Donald Trump. Of that we can be certain. We can also be certain that the vote will be very close, and there are geopolitical players who will put their thumbs on the scale. “The Saudi Kingdom’s de facto rule Mohammad bin Salman’s coziness with the Trump family is notorious. Meanwhile, if Trump defeats Biden next year that would allow Vladimir Putin to escape the most monumental mistake of...

Simple commentary. Just started to receive information on increases. Gasoline is a no brainer. We drive a fuel efficient vehicle and do five over as opposed to what others do. It is interesting to hear the complaints. Thirty-gallon gasoline tank plus fast driving and you are getting into some serious money. You can only tell them if they will listen. Most will not and get belligerent. Saudi Arabia and Russia have agreed to extend their voluntary...

Too Big, too Loud, and Too fast appears to be the thing these days. Either they are jacked up squatting, large tired, multiple rear tires, altered mufflered, adjusted emission control to emit soot from acceleration, etc. Anything to gain attention for those who probably never received such while growing up. As children, we all had our favorite displays of machoism and then we grew up. Other things became more important than the vehicle we drove....

The action by the United Auto Workers is part of a burst of labor activism attempting to reverse a decades-long trend. The trend as noted in the following graph. How the Latest Labor Strikes Are Attempting to Reverse Decades-Long Trends, The New York Times, David Leonhardt. (If you are having issues linking to this article to read the rest of it, you can subscribe to NYT and can read a few articles for free.) Some of the story (you can...

August consumer inflation confirms “Goldilocks” “soft landing” may well be “transitory”  – by New Deal democrat Let me start by quoting from my post yesterday: “As to consumer prices, I am most interested in the relative weights of decelerating shelter increases (which as I have written many times are well-forecasted by the more current home price indexes and new rent indexes) vs. increasing gas prices  “I suspect that the increase in gas...

The article (example) is about one person suffering from an ailment at 19. Hospitalized at an out-of-network facility, the burden of costs for treatment were his responsibility due to insurance denial. A particular issue with commercial healthcare insurance not covering the costs of treatment because you went to the wrong doctor, etc. for care. More on his case after the intro. There are more than 100 million people in America caught up in...

This is a good take on what has driven the decline in inflation or at least it is what I believe. Mike has an explanation on the Phillip Curve within his article. I skipped by it as I felt it was addition to the supply side explanation. Or not needed as a part of the explanation. Supply-Side Expansion Has Driven the Decline in Inflation, Roosevelt Institute, Mike Konczal “After two years of persistently rising prices, inflation has finally...

Excellent take on Drug Pricing as written by Dr. N. Adam Brown at MedPage Today. In 2016 the 21st Century Cures Act was passed by the House. The intent was to make it easier for pharmaceutical companies to bring new drugs to market and short cut the clinical trial processes. Health Affairs had this to say: “Still, we believe the bill’s potential benefits and modestly enhanced funding for scientific advancement are far outweighed by the increased...

I am watching the evolution of the American automotive industry from combustion engine driven vehicles to electric driven vehicles. It is interesting to hear about all the potential blood to be spilled as management eventually whacks labor and plants to make the move from combustion to electric vehicles. It is inevitable as a new workforce must be trained and the old one phased out as the vroom-vroom is no longer manufactured. By no means should this...