US Republican attorneys general sue to stop EPA’s carbon rule, Reuters, Clark Mindock Republican attorneys general from 27 U.S. states and industry trade groups sued the Environmental Protection Agency or EPA on Thursday. They seek to block an EPA landmark rule requiring sweeping reductions in carbon emissions from existing coal-fired power plants and new natural gas plants. The rule, finalized by President Joe Biden’s administration last month...

The third and best source of funds would be a clawback of money looted by Cerberus, de la Torre, and MPT, based on a prosecution for fraudulent conveyance, misrepresentation to shareholders, and other possible criminal charges. As a settlement, restitution would have to be paid to the hospitals, under new ownership. That may yet come, but it would require more aggressive action than we have seen from the state attorney general, Andrea Campbell, to...

 – by New Deal democrat After several months of snoozing at almost identical weekly levels, initial jobless claims awoke with a bit of a jolt this week, increasing by 22,000 to 231,000, the highest weekly number since last August. The four week average unsurprisingly also rose, by 4,750, to 215,000. With the usual one week delay, continuing claims rose 17,000 to 1.785 million, still one of the lowest readings since last August: As usual, the...

Podcasts New Economics Podcast: What do the local elections mean for the UK Hannah Peaker is joined by Abi O'Connor and Jack Shaw By Hannah Peaker 10 May 2024 Three years’ ago, the Conservative Party celebrated their best local elections...

On the art of reading and writing How should one approach reading? It’s probably a common pondering that everyone has had at some point about our attitude towards literature and reading. I find reason to contemplate this when my beloved — who tirelessly devours new books at a rapid pace — once again tries to persuade me to put back August Strindberg’s Röda rummet, Hjalmar Söderberg’s Martin Bircks ungdom or Selma Lagerlöf’s Gösta Berlings saga in the...

Publications Reforming right to buy Options for preserving and delivering new council homes for the twenty-first century By Alex Diner, Hollie Wright 10 May 2024 Download the report...

Recently, the neglected question of why the US government borrows, given that it can print money, has arisen in the context of discussions surrounding a new documentary, Finding the Money. As L. Randall Wray observes in this one-pager, Modern Money Theory has been providing answers to this question for some time; and, he argues, it is a topic that mainstream economists are ill-equipped to address, since very few concern themselves with the monetary operations that underlie the question of...

Stocks follow the economy, not the other way around. And stocks are not currently reflecting the slowdown in the economy, but they will. 

“Silly” Arizona House Representative Republican Justin Wilmeth is making an argument for lower gasoline, etc. prices to Arizona. Justin traveled to California to ask for no cap on fuel prices at a California refinery (Arizona has no refinery). As if he does not have enough to do in AZ? Not sure what makes him think, they will not raise prices anyway and without a cap. Justin’s main beef . . . “If they were to lower production or supply, the...

This week's guest features Kathleen Tyson, Kathleen is an architect of global capital markets who has globalized repo markets, collateralization and margin operations, and foreign exchange settlements by designing and building the capital markets infrastructure. She started her career as a central banker and markets supervisor. She also holds an MA(Hons) in Medieval History and has transcribed and translated the earliest account of the Norman Conquest, greatly improving understanding of...