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

Household balance sheets are in good shape

– by New Deal democrat  One of my fundamentals-based systems for monitoring the economy is to look at the health of household balance sheets. Most recessions happen when consumers are under stress. If real wages are growing, if assets that can be leveraged or cashed in (mortgage payments, home equity, stocks) are increasing in value, if […]

Medicare Advantage Plan Members Will See Higher Prices and Less Service

While this is called Medicare, it is Medicare which has been commercialized. Medicare pays additional fees subsidizing the insurance plan companies (United Healthcare, WellCare, Script, etc. offering Medicare Advantage plans Not only have healthcare plans are cutting services, healthcare systems are also pulling out of Medicare Advantage Plans. Both Joel and I discussed twenty-something different […]

“A Brave and Cunning Prince”

For Indigenous Persons Day: a review of “A Brave and Cunning Prince” by James Horn  – by New Deal democrat Recently I read the above entitled book, and found it fascinating. Below are excerpts from an online book review, to which I have added further detail in brackets. I highly recommend it: “In the mid-sixteenth […]

No, immigrants aren’t taking all the jobs

A common right-wing grievance is that undocumented (“illegal”) immigrants are taking all the jobs. In particular, that they’re stealing jobs from native-born Americans. What’s the evidence? If it were true that immigrants were stealing jobs from native born Americans, then if you plotted labor force participation by native- and foreign-born over time, they would have […]

Why are They Litigating This at All?

You have to go to court and just sit there and listen to the stuff being said. You sit there and go huh? Jack would understand what I am saying. Making sense is not necessarily a part of deciding law. Perfect example being rifles and pistols acquired or purchased shall have a serial number. In […]

“Senator Vance, I’m just gonna say that local officials, local officials, and FEMA officials say that is just flat wrong.”

The report does say ABC News. However, I saw this first on Crooks and Liars as reported by David Edwards. You have to wonder how Corporal Vance ever ended up in the position he is in today. What does he do after a day of story telling to convince people he is right. ABC News […]

What Happens When Corporate Places Greater Emphasis on Stock Buybacks Rather than Quality?

If you did not figure out where I am going by just reading the title, then I will explain a bit. Stock buybacks do not trump Quality. It is that simple. When you sacrifice Labor so as to have funding to buy back stocks, you may have picked the wrong person to toss. The person […]