– by New Deal democrat Every month I write about the Jobs Report. But while it is timely, it is only an estimate. There is an actual census of over 95% of all employers that also gets reported, called the QCEW, and it is the “gold standard” of actual jobs growth (or loss). Its two drawbacks are that it is not seasonally adjusted, and it is reported almost 6 months after the end of the quarter it updates. Which is a lengthy introduction to...
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I am … I said
I am … I said .[embedded content] Still heartbreaking after 50 years.
Read More »This Is a No-Win Situation
A dangerous maneuver by Ukraine, unless Putin and Russia are willing to capitulate after years of fighting. In any case and over time, Zelensky’s life will be in danger. Putin will be hunting for an opportunity to remove this antagonist. FP This Week – Ukraine Invades Russia On Aug. 6, Ukraine surprised the world with an incursion into the Russian region of Kursk. This upended a growing consensus in Washington and elsewhere that the conflict...
Read More »Climate Crisis: Act or Suffer Consequences.
Climate change is often viewed as a distant threat. Many believe that economic growth will simply continue, unscathed. This is a dangerous misconception. Ignoring the reality of climate change is like ignoring a storm brewing on the horizon. It’s easy to think it won’t affect you until it’s too late. To mitigate climate change's economic impact, we need to act decisively. First, reducing private debt levels is crucial. High debt levels limit investment in...
Read More »Heat Killed 50,000 in Europe Last Year–Are We Next?
Brief discussion by an intelligent basketball legend on hot weather caused by pollution and the resulting deaths from it. “Heat aggravated by carbon pollution killed 50,000 in Europe last year – study,” The Guardian, as discussed by Kareem Abdul-Jabbar Summary: Hot weather inflamed by carbon pollution killed nearly 50,000 people in Europe last year, with the continent warming at a much faster rate than other parts of the world, research has...
Read More »Betting on climate change
Believe it or not, there are still some folks who think climate change is a hoax. How many are financially invested in that belief, I don’t know. I do know that folks who are currently in the business of making money in the insurance industry *do* believe that climate change is real. They’re no longer willing to insure residential and commercial buildings in risky areas. This threatens to trigger an insurance crisis with major economic consequences in...
Read More »FLiRT Covid wave is growing less rapidly
r.j. sigmund on Covid a few days ago i read an article on a university website that Covid activity was ‘showing signs of slowing’, so that’s what i expected to find when i checked the data this morning…”growing less rapidly” might have been a more descriptive assessment… among the CDC’s “early indicators“, “test positivity”, or the percentage of tests for Covid that were positive, rose to 18.1% during the week ending August 10th, up from 17.6%...
Read More »Why the Fed Fails at Inflation
"The tools that the Federal Reserve are using are fundamentally directed at reducing inflation—wage inflation, not markups. They don't really understand it because they've never read Kaleski. They're neoclassical economists. They think ... Milton Friedman is right, and fortunately, Milton Friedman was wrong." --- Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com Are you an engineer, finance, or IT...
Read More »When it comes to investing do what’s hard. 
It may sound counterintuitive, but this is the way to really grow and achieve. 
Read More »The crisis of knowledge and enlightenment’s imitations
from Asad Zaman and current issue of RWER Our current environmental predicament is fundamentally a crisis of knowledge, rooted in the Enlightenment’s narrow conceptualization of epistemology. This shift fostered an illusion of objectivity that has since permeated our understanding of the world, particularly in the context of societal dynamics. The Enlightenment’s emphasis on objective knowledge marginalized the subjective realms of emotional intelligence, moral intuition, and diverse...
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