This commentary came by way of ltr a reader at Angry Bear. A pretty solid review of how drug prices and the resulting costs after insurance are still impossible to pay. That is, if the insurance, Medicare, Medicaid even pay for them in entirety or a portion. If the former is not the case, a patient is left with what they will not pay. Then there is the yearly deductibles and co-pays. Some will decide not to take these potentially life-saving...

from Asad Zaman and the WEA Pedagogy Blog In my previous post (The Religion of Economics), I explained why economic is a religion, even though it claims to be a science. This religion preaches a toxic morality, where the goal of life is maximization of personal pleasure, with no moral or social constraints. Some months ago, I read an article which suggested that we should do a cost/benefit analysis of economic theory itself – how much harm it has caused, versus any benefits that it has...

Bond Economics Sellers' InflationBrian RomanchukNaked CapitalismMichael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s FutureMichael Hudson in discussion with Kin Chi Lau, Global University, Hong Kong, June 5, 2023The CradleHow the BRI train took the road to Shangri-La Pepe EscobarArmstrong EconomicsPlot to Seize Russia Makes #1 Book on AmazonMartin ArmstrongIndia PunchlineThe rise and rise of far-right in Germany [politics and economics]MK. Bhadrakumar |...

from Dean Baker Now that we have inflation beat, it seems like a good time to look at what has changed since the pandemic. A full catalog of how the USA is different would be a serious undertaking, but we can learn a lot just by examining how consumption patterns have changed over the last three years. These data are readily available from the Commerce Department’s website. Losers in the Post-Pandemic Period Some of the changes in consumption patterns are obvious. The increase in working...

CPI less shelter up only 0.7% in last 11 months (0.8% annualized rate)  – by New Deal democrat Let me cut to the chase right from the outset: except for the very lagging measures of shelter; motor vehicle parts, repairs and insurance; and to a lesser and waning extent, food; consumer inflation is now well-contained and close to the Fed’s target rate. First, let’s look at the headlines, with the monthly and YoY rates of change: Total CPI...

Pluralities of Americans support second Trump indictment, say charges are politically motivated: POLL, ABC News, Brittany Shepherd. According to Commenter Fred Dobbs; A Slightly confusing headline . . . ABC News – June 11 There are sharp partisan differences, according to the survey. A plurality of Americans think that former President Donald Trump should have been indicted by a federal grand jury on charges related to his handling of...

It’s bitter, sweet I’m a born and raised New Yorker, and I’ve spent most of my life here, but like everything else there comes a time to change, and I’m giving Florida a shot. Wish me luck.

Having purchased healthcare, automotive, etc. components from various molding manufacturers, I can definitely testify to the amount of scrap created from each part. There is no way of avoiding the scrap left from a molded component. Much of this ends up in regrind and what ever is sorted may go into other uses. The story touches on micro particles occurring during the regrinding of the scrap. Some so small, it is difficult to see. The little-known...

Not so long ago, I was working in Riethem-Weilhem Germany for the Germans, of course. A smaller ($1 billion) automotive company. My US position was in Cazenovia, NY where the Rockefellers used to hang out in their mansion on the south end of Lake Cazenovia. It is now called the Brewster Inn. While in Germany, they gave me a car and I would go touring all over southern Germany and into Switzerland. They would send me to the Czech Republic to visit...

Η κραυγαλέα εύνοια όλων των κυβερνήσεων προς το τραπεζικό κεφάλαιο μέσω της αναβαλλόμενης φορολογίας Η αναβαλλόμενη φορολογία είναι η διαφορά ανάμεσα στον φόρο που θα έπρεπε να πληρώσει μια επιχείρηση στο κράτος βάσει των αποτελεσμάτων που προκύπτουν από τα ισοζύγια της (Λογιστική Βάση) και τον φόρο που πληρώνει τελικά στο κράτος βάσει της φορολογικής νομοθεσίας (Φορολογική Βάση). Ο αναβαλλόμενος φόρος προκύπτει όταν ένα έσοδο ή ένα έξοδο αναγνωρίζεται στα αποτελέσματα χρήσεως...