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

The Semiconductor Bill and Moderna Billionaires

A lot has been said about building semiconductor manufacturing plants in the US. One plant grows the silicon wafers and the other plant fabricates (fabs) the semiconductors. The manufacture of semiconductors is not labor intensive. Growing wafers is boring business as one engineer told me a decade back. The US did manufacture much of its […]

Signing Social Security this Day in 1935 into Law

One woman’s efforts which made a difference in bringing Social Security into a reality. This was up tonight at Prof. Heather’s “Letters from an American.” August 14th, then President Roosevelt signed the Social Security Act into law. “August 14, 2022 – Letters from an American,” Heather Cox Richardson (substack.com) Since it seems clear we will […]

Russian Central Bank Head May Be Out

Russian Central Bank Head May Be Out  This is the first English language report of this, as near as I can tell after some serious googling, but it is all over a lot of pretty serious Russian sources. Reportedly, Elvira Naibiullina, Head of the Russian Central Bank, left her position this past Tuesday or thereabouts.  […]

Reverse Logic?

This showed up on Facebook. Some guy by the name of Daniel Becker posted it as a commentary there. It is actually pretty good. A type of reverse logic. There is probably a name for this writing style, It eludes me right now. Enjoy on a Saturday . . . yes? It is simple, no […]

Medicare Drug price control in the Inflation Reduction Act Moves Forward Except for Insulin

JAMA Network “How Do Commercial Insurance Plans Fare Under Proposed Prescription Drug Price Regulation?” Rena M. Conti, Richard G. Frank, Len M. Nichols December 2021, this article came out detailing Medicare negotiating directly with pharmaceutical companies and the impact of the negotiation on people insured by commercial plans. That is if commercial insurance plans were […]

Jobless claims: once again, a relentless uptrend

Jobless claims: once again, a relentless uptrend I feel like a broken record at this point, as every week the trend seems more and more relentless. Initial jobless claims rose once again, by 14,000 (seriously revised down by 12,000 from last week’s reading of 260,000) to 262,000. More importantly, the 4 week average rose another […]