Relevant and even prescient commentary on news, politics and the economy.

Why is Gasoline over $4.00?

We now have so many attempts to blame Democrats for high oil prices and even the McCain campaign is trying to tar Obama with this charge. But this looks like the simple answer to those charges.

New place, new stories

by cactus So we’re moving into a new apartment and given its past 1994, we want/need internet access. We called Time Warner. They gave us an appointment for Saturday, from 8 to 10. At 10:30, after sitting in the new and still empty apartment for 2.5 hours, I called. They told me the appointment was […]

Truth in earning and lending

Hat tip to ataxingmatter on paying a fair share for services provided in the land of the free and brave: The Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations will hold a hearing tomorrow on the way foreign banks have facilitated US taxpayers’ tax avoidance through structuring accounts offshore to avoid IRS notice. […]

Real Manufacturing & Trade Sales

Shall I try another cyclical chart of one of the variables that the the dating committee gives heavy weighting to in determining the official dates of recession. Real manufacturing and trade sales includes sales at all three level, manufacturing, wholesale and retail so it is reasonable to think of this as a proxy for real […]

Small Business Administration…loans to Dell, Home Depot, other Fortune 500

by rdan During 2006 and 2007, DOI reported millions of dollars in contracts to Fortune 500 corporations such as Dell, GTSI, Home Depot, John Deere, McGraw-Hill, Ricoh, Sherwin Williams, Starwood Hotels, Waste Management Incorporated, Weyerhaeuser, World Wide Technology and Xerox Corporation as small business contracts. The DOI Office of Inspector General’s report is the latest […]

Follow up Army navy air force Marines Budget

by ilsm This week I expand upon my response to 2Slugbaits’ comments to the excellent post Army navy air force Marines Budget; Peace in our Timesby Robert Waldmann.2Slugbaits’ comment revolves around the fact that the Army, a situation common to the other services, is in a contractor trap. The result is despite spending huge, budget […]

Weird Tom Disch Connection

Today at Readercon, my wife participated on a Necrology panel. (“Those we’ve lost this year…”) An audience member mentioned that Tom Disch wrote an episode of Miami Vice, featuring James Brown. Also appearing was Chris Rock, four years before New Jack City made him a movie star. Anyone who can tell me about the episode? […]

In Which I Say Something Nice about Globalization

It’s still not “free trade” in a sense anyone but the self-delusional Greg Mankiw could describe it, but there are some gains accruing to China. As the Chinese economy moves from agriculture to producing more goods and services, two things have happened. Energy demand has gone up: And people have been able to afford services […]

Education Spending

It is very interesting to go to conservative and/or libertarian blogs and encounter the comments on public education. So often you run across the statements about how the cost of education is rising and that they take some quote about rising real cost as absolute proof of their beliefs that politicians and the teachers unions […]