My three had student loans. To help them get rid of them, I pitched in too. I knew it would take them too long to pay them off. I never told them I would help. All I told them was: decide where you want to go, what you want to major in, and get through […]
Charles Gaba @ his Blog of the same name has a commentary up detailing the loss of Healthcare Insurance due to the Tr__p administration with the support of Congress. . . . In case you have forhottens? The subsidies supporting ACA healthcare was cancelled this last year. I do not know whether Charles Gaba will […]
During the Cold War, the US and Soviet Union supported proxy wars in which their client states did the dirty work. Of course, the USSR is no more, but proxy wars continue. While the current war in Iran began with joint strikes by the US and Israel, Israel now acknowledges that the US is its […]
– by New Deal democrat In It appears that both producer and consumer inflation are going to continue at elevated levels, despite the actual *de*flation in June. Here’s a look at the average of the New York and Philadelphia Fed’s prices paid (blue) and prices received (orange) diffusion manufacturing indexes: In July, the average for prices […]
Trump’s inability to evaluate expert advice and incorporate it into his thinking will undoubtedly play a large role when histories of the Iran war are written. Trump evidently ignored warnings from experts within the government that Iran would respond to an attack by closing the Strait of Hormuz. Once the Strait was closed, Trump had […]
There are instructive parallels between the Trump administration’s trade war with China in the first year of this term and the Iran war that is consuming its second year. In both instances, the administration grossly underestimated its rival’s resilience and capacity to retaliate, then escalated quickly and sharply before learning that the other side controlled […]
Thomas Edsall (gift link): I asked political and presidential scholars how they think Trump’s mind works. Most pointed to his seemingly exclusive reliance on his own judgment while rejecting expert advice. “Many presidents have made mistakes, but none have made mistakes so cavalierly as President Trump,” Michael Bailey, a political scientist at Georgetown University, wrote by […]
Mostly informational . . . I subscribe to the New York Times. I do have access to some rather unique articles (in the NYT) such as this one which gives prices per gallon of gasoline by state. The data for the map was obtained from AAA by the New York Times, Map: How Much Have […]
The manufacturing sector of the economy continued to improve in June – by New Deal democrat There’s a brief hiatus from new data early this week, so let me briefly look at the manufacturing economy, for which industrial production was reported on Friday. To briefly recap my overall position: despite the chaos coming out of […]
Robert Reich – “He Can’t Resist“ Here’s you-know-who trying, as ever, to be the center of attention today. This picture was supposed to be about celebrating those who deserved it. Congratulations, Spain — along with apologies for our Malignant Narcissist-in-Chief. Embarrassing for America. He doesn’t know any better . . . It almost appears to […]