[unable to retrieve full-text content]– by New Deal democrat Let’s take our weekly look at jobless claims. These are a short leading labor market indicator. Also, it is likely that the firings in the federal labor force will shortly be reflected in this data. This week initial claims rose 5,000 to 219,000, while the four week average declined -1,000 […] The post Jobless claims: possibly the final “steady as she goes” report appeared first on Angry Bear.

[unable to retrieve full-text content]Both my dad and my father-in-law worked throughout their post-military careers at Y-12 in Oak Ridge. During the war, Y-12 was the site of uranium enrichment by the calutrons (K-25 was the gaseous diffusion plan, enrichment by gas chromatography). Having grown up in Oak Ridge, I’m quite familiar with its role in national security, unlike […] The post DOGE attacks national security appeared first on Angry Bear.

[unable to retrieve full-text content]“Palantir stock fell 10% for a second day on Thursday, adding to Wednesday’s 10% drop following a Washington Post report that said the Trump administration has told the Pentagon to plan for massive budget cuts over the next five years, casting doubt on a major source of the tech firm’s revenue.” I’d be happy to […] The post Mirabile dictu appeared first on Angry Bear.

[unable to retrieve full-text content]So-called “pro-life” extremists want to define the beginning of life as the moment of conception. Setting aside the fact that both the sperm and egg are also alive so life doesn’t begin at conception, one might ponder why those who want to criminalize abortion as murder don’t similarly criminalize miscarriages as murder or assault when […] The post Vaccines are pro-life appeared first on Angry Bear.

Blog Whose growth is it anyway? As mayors and councils prepare their local growth plans, the RORE programme looks at how a less extractive model would benefit us all By Tabitha Hamilton, Emmet Kiberd 20 February 2025 In...

[unable to retrieve full-text content]Trump’s new VA secretary is a bigger threat to veterans’ care than Elon Musk. A ‘Middle Finger’ to Vets – The American Prospect, Suzanne Gordon and George Early In a scene that has become familiar in Washington these days, angry federal workers and concerned members of Congress gathered outside a government office to protest the […] The post ‘Middle Finger’ to Veterans appeared first on Angry Bear.

Post Keynesian authors have offered various classifications of uncertainty … A common distinction is that of epistemological versus ontological uncertainty, with the former depending on the limitations of human reasoning and the latter on the actual nature of social systems … Models of ontological uncertainty tend to hinge on the existence of information that is critical to the decision-making task. Fundamental uncertainty occurs in “situations in which at least some essential...

New working paper published by the Centro di Ricerche e Documentazione Piero Sraffa. From the abstract: This paper critically analyzes Geoffrey Hodgson’s definition of heterodox economics as the refutation of the orthodox view that emphasizes utility maximization as its main theoretical core, and his view that it is the fragmentation of heterodox economics that explains its subsidiary role within the profession. Hodgson’s views led to a series of responses, that criticize his definition, but...

[unable to retrieve full-text content]The 2024 election was, to some extent, a referendum on inflation. Voters were mad about higher prices, and they vented their wrath on the Democrats.   Was that fair?  USA TODAY asked economists to ascribe blame for the historic run of inflation, which reached a 40-year peak in mid-2022. Inflation has cooled since then, to an annual rate of […] The post Voters Blame Biden and Harris for Inflation appeared first on Angry...

[unable to retrieve full-text content]Wanna know why nobody wants to cut defense spending? It’s because defense dollars are spread all over the country. There’s a military installation in every state. Many companies have contracts with the DoD. So any discussion of cuts ends up with folks saying “don’t cut our piece, cut their piece.” No Congressman wants their piece […] The post Cutting defense spending appeared first on Angry Bear.