Noem releases social study standards to burnish U.S. history, AP News SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem on Monday released a revised proposal for social studies standards in public schools that lays out a mostly shining vision of American history, after an initial draft of the standards came under heavy criticism last year from conservatives and Native American educators. The Republican governor claimed the new proposed...

Deirdre McCloskey’s shallow and misleading rhetoric This is not new to most of you of course. You are already steeped in McCloskey’s Rhetoric. Or you ought to be. After all economists are simply telling stories about the economy. Sometimes we are taken in. Sometimes we are not. Unfortunately McCloskey herself gets a little too caught up in her stories. As in her explanation as to how she can be both a feminist and a free market economist: “The market is the...

I like shooting as a sport and recreation. 

from Peter Radford – a critique of the absurdity of economics I finally read “The Accountability Machine”, the book by Dan Davies.  It’s worth the effort.  You can read it in a number of ways.  As a peon to cybernetics and Stafford Beer.  As a critique of the absurdity of economics.  As a summary of the development of management theory.  Or as a summary of the ills of neoliberalism.  It’s a mash-up of all those.  It also has the great virtue of being very readable. Chapter Six will warm...

The financial markets around the world have over the last week demonstrated, once again, that they are subject to wild swings in irrationality despite mainstream economists holding out the idea that these sorts of transactions exhibit pure rationality. Some of the capital movements are explained by a shift in the interest rate spread between Japan and the US as the former nation decided to increase interest rates modestly. That altered the profitability of financial assets in each currency...

 – 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...