Uncovering Credit's Impact on Economy

Bank of Japan intervention not withstanding. The decline in the end will continue. 

I wish the last one was true

 – by New Deal democrat  The snooze-a-thon in jobless claims continues, as both initial and continuing claims are well-behaved within the narrow range where they have been generally for the past six months. Initial claims were unchanged least week at 208,000, while the four week moving average declilned -3,500 to 210,00. With the usual one week delay, continuing claims were unchanged at 1.774 million, which is tied for the lowest level in...

Doug Smith Los Angeles Times Monthly payments for housing could get thousands of homeless people off the streets. It sounds like a voucher idea where the funds could only be used only for housing, apartments and heat and electricity. Or paid directly. A stipulated basic income to house thousands of homeless people in various situations (apartments, boarding, with family or friends, etc.) as advocated by researchers. The idea or potential...

Embracing the Cycle of Life

Money's Influence on Government Policy

I first caught up with this article on MedPage Today, “Doc Blows Whistle on Cigna.” I also read the ProPublic report. Both are reporting on denial of claims before and after treatment and the productivity of claims reviewers. Additionally, the report discusses the use of labor (nurses, etc.) outside of the US to evaluate claims and their errors. All of these attempts are examples of what is going on to cuts costs by reducing the time to decide on...

by Steve Roth Wealth Economics This picture from the Center for American Progress, and variations, have been making the rounds on the interwebs lately, eg here, here, and here. The headline is that younger households got 49% richer during/since Covid, in inflation-adjusted “real” terms. But some drill-down is in order here. What actually happened? Start with background. There are about 38 million households with under-40 heads of...

Blog Devolution won’t work unless we fix local government funding There is a broad consensus on devolving powers, but the next government first needs to fix local government finances, otherwise it will push more responsibility onto an already broken system. By Benedikt Stranak, Emmet Kiberd, Abi O'Connor 02 May 2024...