Our opposition seeds stories (CNBC) in the media pretty frequently like this. They try to make it seem like getting a discharge on student loans in bankruptcy is possible for most people. It is not. AB: Alan is voicing his displeasure with media claiming many people are getting student loan relief. They are not. In the end the battle for relief for another 40 million people needs to occur. “More student loan borrowers walk away from their debt in...

We can’t. He is what he is. Biden sounds and acts old. I did not like him as a senator, He opposed any student loan relief. He also made it more difficult to get relief. As a president, he is different. If we are to pick a president who has shown rather weak thinking, I would pick on George Bush Jr. To back this up, I offer you the marriage quotes. I will not offer you any of them, the link is there, and on every quote (83), he claims the man...

Inflation Undermines THIS.

Housing construction continues to support subdued expansion  – by New Deal democrat Yesterday I wrote of how manufacturing has faded somewhat as a leading indicator, at least in the sense that it takes a steeper downturn than it used to in order to forecast a wider downturn in the economy. Which makes the other big goods-producing sector, construction, even more important. And residential housing is the single most component of that.  And...

The biggest near-term threat to human civilization from global warming is loss of fresh water and arable land for crops. It turns out that nature has confronted the challenges of increased temperature, increased salinity, disease resistance and violent weather. Recently, as strain of maize called “Jimmy Red corn” has been resurrected from a population bottleneck in which only two ears remained. Why should we care about Jimmy Red?“Jimmy Red dwindled...

[embedded content]If you believed something different, you wouldn't be sitting where you are sitting Suppose one wants to discuss capitalism versus socialism or some smaller matter. One might think the discipline of political economy, now known as economics would be helpful. But it is not. What is taught in most universities in the United States was shown to be nonsense more than half a century ago. I find it hard to account for this except on the grounds of political ideology. I realize...

October industrial and manufacturing production tank – but it’s all about the UAW strike  – by New Deal democrat Industrial production historically has been the King of Coincident Indicators, turning up and down coincident with the onset and end of recessions in the past. But there are signs that has changed in the past 20+ years since China was admitted to normal trade relationships with the US. Because manufacturing is a much smaller share of...

A rewrite by me combining several articles . . . “Go woke, go broke,” cited by one billionaire.” The implication? The ongoing culture war and economic policies of northeastern states had facilitated the migration of wealth and economic power to the South. California has the highest marginal tax rate in the nation. California also has had the second lowest out-migration rate among households earning $200,000 or more during roughly the past...

Bidenomics, a campaign slogan and a new approach. “Policy-making with the North Star rebalancing power in the economy fostering the industries we need, supporting workers’ demands for higher wages, and more economic security.”  Open Thread November 13 2023 – What happens to employment when the minimum wage is increased? Angry Bear Tags: Bidenomics...

Was Karl Marx a “degrowth communist” as Kohei Saito claims in Marx in the Anthropocene? In a word, no. But the whole truth is even stranger and more wonderful than Kohei Saito’s oxymoron anachronism.André Gorz is credited with the first use of la décroissance (degrowth) in the context of modern criticism of the political imperative of economic growth. The occasion was a public forum held in Paris by Le Nouvel Observateur on June 13, 1972 to discuss the Club of Rome’s Limits to Growth report....