Successful industrialists financial Wall Street bankers whose business practices were often are considered ruthless and unethical, capturing portions of the market, and bleeding it dry. Not much left of the hollowed-out companies other than a name and the empty buildings they once occupied. Good commentary on Simon and Schuster being bought by KKR. Is Robber Barrons still a term in use? How private equity is destroying the labors of love,...

While Medicaid’s enrollment purge plows on . . . GoozNew, Merril Gooz A few weeks ago, I critiqued the inequities that would inevitably result from a bare-bones universal insurance plan offered by two economists, which I dubbed it “Medicare-for-all lite.” There was one part of their plan that merits serious consideration: Automatic enrollment for everyone in some form of health insurance. The idea isn’t new. But it is particularly relevant now...

Inflation: A Key to Monetary Success?

Initial claims travelin’ man edition: still below cautionary levels  – by New Deal democrat Initial claims were 250,000 last week. The 4 week average increased to 234,250. Continuing claims with a one week delay were 1.716 million. Most importantly, YoY the4 week moving average is up 9.5%: This is well below the 12.5% YoY increase necessary to trigger a new caution. Jobless claims: a good example of why my forecasting discipline...

Hong Kong as global financial center for those wishing to avoid Western dominance.Here Comes China(Re)consider Hong KongGodree Roberts

More intersection of geopolitics (control of territory) and geoeconomics (resource). Russia and Central Asia, along with Africa, which is now also in play with many US and allied bases there, on to mention Latin America, which is already ringfenced by the Monroe Doctrine, are where much of the world's natural resources are located. These areas are now part of the battleground for control in the new Great Game based on unipolarism (continued domination of the globe by the West under the...

from Dean Baker The United States suffered from a massive loss of manufacturing jobs in the 00s. This has come to be known as the “China Shock,” since it was associated with a flood of imports, especially from China, and a rapid rise in the U.S. trade deficit. In the decade from December of 1999 to December of 2009, the economy lost more than 5.8 million manufacturing jobs, or more than one in three of the manufacturing jobs at the start of the decade. The vast majority of this job loss...

Sommaren går mot sitt slut här ute på ön och på vår hamnkrog var det ikväll en spelglad duo som körde ett nostalgipotpurri med svenska örhängen. Ett av dem var den här låten, som onekligen väckte en del gamla minnen till liv: [embedded content]

Today, I signed up for Bluesky and Threads, taking a brief look at each of them, and announced my final departure from Twitter, to take place when Musk removes the Block feature[1]. Meanwhile I’m still using Mastodon as my main microblog along with this blog and Crooked Timber for long-form blogging. I’m trying to maintain a couple of Substack newsletters and commenting on Substack Notes. And I still post occasionally on Facebook. This is clearly too much, but it reflects the...

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