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

JOLTS, Labor Market Conditions index consistent with late 2017 recession

by New Deal deomocrat JOLTS, Labor Market Conditions index consistent with late 2017 recession   I continue to be unimpressed with the Job Openings and Labor Turnover Survey (JOLTS), as showing post-mid cycle deceleration for over a year.   I have found what I hope is a better way to present my argument, so that you […]

Linda Greenhouse On the Intense Aggressiveness of Conservative Legal Movement Justices and Judges

Former longtime NYT Supreme Court correspond, current biweekly Times columnist, and habitual woman-after-my-own-heart Linda Greenhouse, has a column today titled “Let’s Legislate From the Supreme Court Bench” about how very fond movement conservatives became a while ago of legislation from the bench. She makes the point that legislation from the bench is an absolutely essential […]

On Liberty. (And Ohio.)

“We are Liberty students who are disappointed with President Falwell’s endorsement and are tired of being associated with one of the worst presidential candidates in American history,” the statement said. “Donald Trump does not represent our values and we want nothing to do with him. … He has made his name by maligning others and […]

The Fab Four (f.k.a. the Fab Five) Supreme Court Justices’ Last Grasp and Last Gasp

WASHINGTON (AP) — The Supreme Court agreed Tuesday to hear appeals from former Attorney General John Ashcroft, former FBI Director Robert Mueller and other former federal officials seeking to shut down lawsuits filed by Muslim and Arab men who were detained in the U.S. after the Sept. 11 attacks. The justices said they will review […]

The person whom Clinton should invite as her guest at next week’s debate: Warren Buffett

A major theme of mine in my posts at AB for a while now has been to try to highlight disclosures about Trump that have been overshadowed by others but that are important for more reasons than the most obvious one. During Sunday’s debate Trump shocked me (and I’m sure, Clinton) when he claimed that […]

Is the US at Full Employment?

This is a common question. It is important to know if an economy is at full employment. However, the question is wrong. or at least the way it is answered is wrong… Full employment is based on employment of labor. However, full employment must consider both labor and capital since they are both resources for […]