When usefulness is more important than precision This is a bit like a physicist saying, “Throwing a cricket ball at a window doesn’t cause it to break. Rather, giving an object of approximately spherical shape with a given density a certain velocity in a fluid medium of a certain density and viscosity within a gravitational field of a certain magnitude causes a silicone-based compound in a certain quantity of certain dimensions with certain reflective and...

Some of the worst performing cars ever made looked great on the outside and had serious mechanical, etc. problems. Made in America and were flashy but they could not mechanically perform as well or last. It took a while before many of us growing up started to walk past the flash and bought something more dependable. With Trump selecting Vance he gains the flash . . . however, neither Republican candidate is dependable for US citizens. All flash and...

 – by New Deal democrat Recently I have paid much more attention to the ISM services index. That’s because, since the turn of the Millennium, manufacturing’s share of the economy has contracted to the point where even a significant decline in that index has not translated into an economy-wide recession, as for example in 2015-16.  When we use an economically weighted average of the non-manufacturing index (75%) with the manufacturing index...

High fructose corn syrup (HFCS) is everywhere—salad dressings, catsup, carbonated beverages. Fructose is sweeter, per unit mass, than cane sugar (sucrose), and apparently keeps better, so is a favored sweetener by the food industry. Unlike glucose, fructose in converted to free fatty acid in the liver and thus can contribute to hyperlipidemia, diabetes and heart disease.I’ve avoided high fructose corn syrup mostly because ever since I stopped eating...

R. J. Sigmund September 29, 2024 The major Covid demographic metrics we track continued to trend lower this past week, but we have a new recombinant mutant out there that is multiplying quite rapidly and is forecast to become the dominant strain, probably just in time for the annual winter holidays infection wave. Among the CDC’s “early indicators” “test positivity”, or the percentage of tests for Covid that were positive, fell to 11.6%...

by Lloyd Alter Carbon Upfront Scope 4 emissions help me justify my flight to New Zealand and compensate for its carbon footprint. I apologize for my posts not showing up at the usual times; I got back from Australia and New Zealand with a crushing jet lag that I still haven’t recovered from, with a cold thrown in as well. I hope to be back to my usual programming shortly. Everyone is talking about “Scope 4” and “avoided emissions” these...

Partisan Divide? Per the poll discussed below, only 48 percent of Trump supporters got raises while 72 percent of Biden supporters got raises.  27 percent of Trump supporters had changed jobs while 43 percent of Biden supporters had changed. Data and Reporting Again today Paul Krugman said “the average worker’s purchasing power is higher than it was five years ago.”  Dean Baker has also made the same observation, saying “workers in the...

Is it failing?

 – by New Deal democrat Especially in view of the relative weakness in the jobs report for the past few months, my focus continues to be on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether there is further decline towards a recession.  For this month at least, the verdict was clear: both the Establishment and Household Surveys pointed to “soft landing.” Below is my in depth synopsis....

from Asad Zaman and WEA Pedagogy Blog Introduction: Beyond the Jungle For centuries, capitalism has told us that land is a commodity to be bought, sold, and exploited for profit. It has also sold us a dangerous myth: that humans are inherently competitive, isolated individuals, destined to fight for survival in a brutal world. According to this worldview, land belongs to those who claim it first and use it for personal gain. But this idea is not only destructive—it’s profoundly false....