[unable to retrieve full-text content]"I don't think there were any non-Jewish Americans that had that visceral hatred of Islam that the Zionists had, or also the visceral hatred of Russia, specifically for anti-Semitism of past centuries, most of which was in Ukraine and Kiev, by the way. Well, that was 50 years ago, and these sanctions that Jackson introduced, the U.S. Trade, became the prototypes for today's sanctions against all the countries that the neo-cons viewed as adversaries." The...

You all down South there can wait 30 more days for additional Federal relief after hurricane Helene has done the worst seen in decades and we decide how much more you will need. “Mike Johnson’s Big Decision Could Impact Helene Relief Efforts,” MSN. Its ok, he is one of them. His $20 billion should tide you over. What an ass . . . Pre-Helene hurricane hitting land, Mike Johnson allocates $20 billion in relief funding. It now appears the Level 4...

I’ve been consistently critical of the Labor party since Anthony Albanese became leader after Labor’s narrow but unexpected loss in 2019. It’s always easy to fall prey to confirmation bias in this kind of thing, making much of the bad and ignoring the good. To check my beliefs, I’m taking a widely circulated list of Labor’s claimed achievements, and giving my own responses. This is by no means a complete list of the governments achievements, and of course it doesn’t mention failures,...

from Dean Baker It is more than a bit bizarre reading pieces that talk about automation or job-killing AI as something new and alien. These are forms of productivity growth. They allow more goods and services to be produced for each hour of human labor. Productivity growth is usually thought of as a good thing. It’s the reason that we don’t have half the U.S. workforce employed in agriculture growing our food. Instead, it is around 1.0 percent of the U.S. workforce, and we grow enough to...

Around three years ago I made a pop-up book titled Three Fragments on Machines, that contained a collection of quotes from the Grundrisse that illustrated some of the research I had been doing related to disposable time in Marx's theory. Last spring, I started work on another pop-up book showing the connection between the Grundrisse and Marx's more famous reference to forces of production, relations of production, and fetters from his Preface to A Contribution to the Critique of Political...

Taken from the Bureau of Economic Analysis. Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Second Quarter 2024 and Annual Update Partial Report: Real gross domestic product (GDP) is increasing at an annual rate of 3.0 percent as shown in the second quarter of 2024 (table 1). This is according to the “third” estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP...

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There was a slight fading of several indicators in the short leading and coincident sphere, but overall the positive and improving trend continues. As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me a little bit for organizing and presenting it to you. The Bonddad Blog Weekly Indicators for...

A history lesson of what not to do and yet may still come to pass. October 5th, 2024 by Prof. Heather Cox – Richardson Letters from an American More politics rather than economics. Some of it does fit. The concept is political for an upcoming election. William McKinley is having a moment (which I confess is a sentence I never expected to write).  Republican presidential nominee Donald Trump is elevating McKinley, a representative...

From Prof. Timothy Snyder’s substack “Thinking about…” Shared with permission:“Think about the politicians Trump idolizes, Vladimir Putin in Russia and Viktor Orbán in Hungary. The first undid a democracy through fake emergencies, the second through persistent constitutional abuse. It is not hard to see why Trump likes them. “Now consider the Russian and Hungarian economies. Russia sits on hugely valuable natural resources, and yet is a poor country....

One of the biggest issues in the US is who lives in poverty and how it is determined. People get upset when there are people living on food stamps. Unfortunately, many of us do not know how the government does determine poverty. I am hoping this may explain it somewhat. This report is providing estimates of two measures of poverty: the Official Poverty measure and the more recent Supplemental Poverty Measure (SPM). Used since the 1960s, the...