– by New Deal democrat The Bonddad Blog Personal income and spending has become one of the two most important monthly reports I follow, because it nets out the impacts of higher interest rates and abating inflation due to the unlinking of the supply chain. To repeat, the big question this year is whether the contractionary effects of Fed tightening have just been delayed until this year. Or whether the fact that there have been no rate hikes...

[unable to retrieve full-text content]As published in Berliner Zeitung. The dismantling of German industry since 2022 is collateral damage in America’s geopolitical war to isolate China, Russia and allied countries whose rising prosperity and self-sufficiency is viewed as an unacceptable challenge to U.S. hegemony. To prepare for what promises to be a long and costly fight, U.S. strategists made Continue Reading The post Germany as Collateral Damage in America’s New Cold War...

Starting April 1, fast-food workers in California will be paid at least $20 an hour, thanks to legislation passed last fall that raised the industry-wide minimum wage. Why? “the difference between the prices consumers pay and the cost of production—have increased sharply over the past decade of growth for the industry.” Roosevelt Institute Open Thread March 24 2024 Shorter Work Week – Is It All It Promises to Be? – Angry Bear...

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Japanese Economic Miracle: Explosive Growth

– By Tom Walker “The Unknown Unknown Marx,” EconoSpeak Toward the end of his 1968 essay, “The Unknown Marx,” Martin Nicolaus quoted Marx’s enumeration of four barriers to production under capital that “expose the basis of overproduction, the fundamental contradiction of developed capital.” Nicolaus qualified what Marx meant by overproduction to be “[not] simply ‘excess inventory’; rather, he means excess productive power more generally.”...

by Antonio Ciaccia 46brooklyn Research A January Unlike Any Other In case you didn’t notice from our last report on new year price changes, at the end of December 2023, many insulin vials and pens took significant (i.e., 75%+) list price decreases. Given much of the early 2024 attention on brand drug list price increases, it bears repeating that insulins in 2024 are largely a quarter of the price they were in 2023. This cratering of prices...

New drugs go through clinical trials before they can be marketed. Phase I trials are for safety. Phase II/III trials are for efficacy. If a drug fails these trials, it can’t be sold.One challenge to drug testing is trial enrollment. Ideally, the subjects should be demographically representative. The problem is that there can be significant variation among trial participants that is not reflected in sex, age or ethnicity.Drugs have a half-life in the...

.[embedded content] I loved this song when I first heard it twenty years ago. I still do.

Blog Ending stealth subsidies to banks is vital — but so is scrapping our borrowing rules When a policy that would save billions doesn't create more spending headroom, our fiscal rules aren't fit for purpose By Dominic Caddick 29 March 2024 Gordon...