No one has accepted real responsibility for the East Palestine disaster, The Guardian, Zsuzsa Gyenes A noticeable chemical odor three months later – yet the town and surrounding residents still has to fight for accountability from Norfolk Southern as told by Zsuzsa. The Ohio Republican governor Mike DeWine is sitting back waiting for the East Palestine residents to tire of their efforts for more help. The accident has not been declared a disaster...

Value-Based Payment Is the New For-Profit Health Care Industry first appeared at Angry Bear as written by Kip Sullivan, Kay Tillow, & Ana Malinow. This came after it appeared at Truthout. I reposted this one commentary and an early one by Kip because I am starting to see more activity on Value Based medicine. It is worthwhile to go over again. Before I get started on the main text of Kip’s expert article, I wish to point out something which is...

An April 20th commentary pulled off of Steve Hutkins’ “Save the Post Office Blog.” Prof. Hutkins tracks what is going on with the USPS, what PG Louis DeJoy is up to, and the transition of the USPS to what DeJoy believes is a profit center and supposedly better than the present. Except the plan is not better. PG Louis Dejoy should be replaced which can only be done by the Board of Commissioners. The last time I checked, Biden could replace two...

Tax Deal Open Thread Theater, Angry Bear, angry bear blog Open Threads can be done weekly if needed. Don’t clutter up posts. I am not the cleaning lady for off topic comments. Every Star Trek Ship For Captain Data After Picard Season 3, screenrant.com. Intriguing series or movie. Data as a Star Ship captain. Especially now with the advent of AI computer beings. ...

I wrote this piece for the Committee for the Economic Development of Australia following a presentation I gave along with other researchers and members of Four Day Week Global. (Video here). A version was published by Independent Australia, under the title A long weekend every week? It’s time. More than 150 years ago, workers in New Zealand, closely followed by Australia, were the first in the world to secure an eight-hour working day. And 75 years ago, we achieved that great boon,...

Weekly Indicators for May 29 – June 2 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Much like yesterday’s employment report, which showed a deep bifurcation between the Establishment and Household Surveys, the economy as a whole is also showing a deep bifurcation between elements well into recessionary territory, and elements showing strong growth. Together they net out to drifting sideways at a...

The Cantillon Effect is the label applied to a process described in Richard Cantillon’s , «Essai sur la nature du commerce en général», published in 1755. (One English translation of the title is “An Essay on Economic Theory.”) The basic premise is that an initial inflow of money will raise prices as the original recipients of the money spend it, which will then raise other prices as the “new money” enters others’ hands.Bond Economics Primer: The Cantillon EffectBrian Romanchuk...

The following definitions I found in the article “What Kaiser’s Acquisition of Geisinger Means For Us All,” Forbes, Robert Pearl M.D. May 31, 2023 There are a couple of terms within the article which I would like to point out. Fee For Service and Fee For Value. For clarity, Traditional Medicare uses Fee For Service methodology and Medicare Advantage uses Fee For Value methodology. The following paragraphs were pulled from the Forbes article...

Lars Syll At the beginning of the year 2000, a book titled Irrational Exuberance was published. The American economics professor and Nobel laureate Robert Shiller warned that the extensive deregulation in the financial market that had taken place since the Thatcher-Reagan era had led to a rapid credit expansion. Banks and financial institutions saw a skyrocketing increase in lending, and the pursuit of gaining larger market shares led to neglecting creditworthiness checks and accepting...

My latest piece in Crikey Prime Minister Anthony Albanese (Image: AAP/Mick Tsikas)A year after the Albanese government’s election win, Labor’s strategy for its first term in office is clear. On the issues where the Coalition has historically had an advantage, most notably economics, defence and foreign policy, Labor has adopted those policies and sought (so far successfully) to more competently implement them. On everything else — climate, health, education, human rights — Labor...