– by New Deal democrat Officially reported initial jobless claims declined -17,000 to 233,000 last week. The four-week moving average rose 750 to 240,750. With the typical one-week delay, continuing claims rose 6,000 to 1.875 million, the highest number since November 17, 2021: On the more important YoY basis, initial claims were down -9.7%, while the 4-week average was nigher by 0.3%. Continuing claims were higher by 5.8%, up by more than...

Workers Bear Capitalism's Costs.

Boeing . . . Door Plugs Will be Harder to Lose Still explaining why . . . After a door plug blew out on a Boeing 737 Max 9 this January, the National Transportation Safety Board sprung into action trying to get to the bottom of what happened and why. That inquiry is continuing this week with a series of hearings designed to more fully understand why the door plug blew out. The agency said. “A​fter the hearing, the NTSB will use the...

FTC to Launch Inquiry into Higher Grocery Prices by Lucille Barilla @ Retail Wire FTC Chair Lina M. Khan highlighted the FTC’s recent work to stop corporate lawbreaking that raises prices for Americans, including uncovering evidence of corporate conduct that may raise the price of gas, grocery prices, working to lower the cost of many asthma inhalers to just $35 out-of-pocket, and making it easier for Americans to cancel online subscriptions...

ABA Asks Cops to Pretty Please Stop Lying to Juveniles to Extract Bogus Confessions by Joe Patrice Above the Law The ABA House of Delegates just passed a resolution urging state and local governments to adopt laws and policies to prohibit police from lying to juveniles — about either facts or pledges of leniency — to extract confessions. The Resolution, sponsored by the Criminal Justice Section and basic common sense, draws upon research...

Ravel is a whole new way to analyse multidimensional data--which is anything that won't fit into the rows and columns of an Excel spreadsheet. This gives it much more power than Excel, but it also presents challenges when you import a CSV file into Ravel. The cause here is what is known as "the curse of dimensionality". A CSV file in Excel is just a 2-dimensional array of unrelated numbers, and its memory needs are the number of rows, times the number of columns, times how many...

The US economy appears to be emerging from the recent recession (pace the Fed interest rate decisions). There’s a general consensus that that recession was largely caused by the COVID-19 pandemic and consequent supply chain disruptions. What lessons might be learned on how to maximally blunt the impact of future pandemics while minimizing negative economic consequences?Here’s a cross-sectional analysis including all 50 US states plus the District of...

The promise of social mobility is broken for many people. This makes it tempting to blame meritocracy, claiming that the ideal merely serves to uphold an unjust system. But if taken seriously, this remedy would have disastrous effects. A world in which top positions are not even supposed to go to the most deserving would be less affluent because unqualified people would ascend to important positions of leadership and everyone would have fewer incentives to develop their...

I have a letter in The Chronicle of Higher Education responding to Steven Teles’ call for more conservative college professors. It’s a shortened version of a longer piece I wrote, which I’m posting here. The fact that conservatives are thin in the humanities and social sciences departments of US college campuses is well known. A natural question, raised by Steven Teles, is whether the rarity of conservative professors in these fields reflects some form of direct or structural...

Just ask anyone off the street and by simple common sense they will understand what is going on better than the so-called pros.