[unable to retrieve full-text content]Q3 2024 QCEW suggests employment was considerably weaker than we thought last year – by New Deal democrat This will be income, spending, and housing week, but that won’t start until tomorrow. While there’s no news today, there was an important update to employment data last week; namely, the QCEW for Q3 of last year. […] The post Employment was Considerably Weaker than We Thought Last Year appeared first on Angry Bear.

[unable to retrieve full-text content]God has a plan and Congress does not. November 2024 and the election is over. Rep. Mark Alford, a Lake Winnebago Republican, won a second term in Congress Tuesday, gliding to an easy election win in Missouri’s heavily conservative 4th Congressional District. The Associated Press called the race for Alford at 9:24 p.m. At the […] The post A Change in Attitude after the November Election appeared first on Angry Bear.

Keynes and Knight on uncertainty First, Knight and Keynes derive from their different philosophical worldviews distinct definitions of uncertainty. Keynes’s is a wholly epistemic uncertainty concept (see Packard and Clark, 2020), the ignorance of an actor regarding the objective and knowable (a priori) probabilities of future outcomes. Such probabilities are discoverable by learning the underlying ‘probability-relations’ between causes and effects....

The Guardian – 25th of February 2025 “By refusing to back negotiations for the past three years, the UK has become irrelevant to the search for peace – we must change course” On the third anniversary of Russia’s invasion of Ukraine, British policy towards the war is in a mess. The continuing official British position, echoed by all the main media, has been “no peace without a Ukraine victory” – meaning, centrally, the expulsion of Russia from all territories seized since 2014....

[unable to retrieve full-text content]Nitzan Hudson discussion Feb 2025 Capital as Power in the 21st Century A Conversation MICHAEL HUDSON, JONATHAN NITZAN, TIM DI MUZIO, and BLAIR FIX February 2025 Abstract On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. Continue Reading The post Capital as Power in the Polycrisis first appeared on Michael Hudson.

As I type this, Trump is threatening tariffs on anyone who challenges the interests of America’s technology oligarchs, all of whom are now paying obeisance at this court. Technology is the US biggest weapon against the free world of which it was formerly part, and the right place to fight back. But what can be done? I’ll start with the most straightforward case. X should be banned outright, for precisely the reasons that the US Congress tried to ban TikTok, and for its...

Just what is it that makes Marx's contribution so different, so appealing?Marx revealed the dark secret of classical political economy: that the writers in that tradition assumed the ubiquity of a distinctive economic sphere that was, in fact, unique to and characteristic of capital. To them capitalism was eternal and earlier forms of society were simply incomplete in their striving toward the absolute. By breaking with that tradition, Marx was able to more completely grasp the dynamic of...

[unable to retrieve full-text content]The 2024 Election Voting numbers are shown below. I did break down the votes for others so you could see them. A big factor in Trump winning was a smaller turnout in 2024 as compared to 2020. There was a slight increase in voting for others. Dave Leip’s Atlas of U.S. Presidential Elections In 2020, […] The post Why Not Voting Makes a Difference appeared first on Angry Bear.

[unable to retrieve full-text content] – by New Deal democrat Existing home sales have been flat in the general range of 3.85 -4.10 million annualized for two years, and that continued in January, as on a monthly basis sales decreased -4.9% to 40.8 million from an upwardly revised December number of 4.29 million annualized: The slightly better numbers in the […] The post Existing home sales: trends of increasing prices, increasing inventory, and flat sales all continue...

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