(Dan here….better a little late than not…) by Kenneth Thomas Amazon Wins!!! Well, what did you expect? With 238 entrants and 20 finalists, the Amazon HQ2 location tournament resulted in a resounding victory for Amazon: Billions of dollars in subsidies and binders full of detailed information on the contestants. Plus, we got a surprise twist […]
Some humor, sarcasm, and disappointment. JACKSON, MISSISSIPPI (The Borowitz Report)—Celebrating her election victory on Tuesday night, U.S. Senator Cindy Hyde-Smith said that, despite predictions that her state was ready to turn the page on its shameful past, “I never lost faith in Mississippi’s racists.” “For weeks, we’ve been hearing national pundits say that Mississippi was […]
Q3 corporate profits increase Third quarter corporate profits were released as part of the first revision of GDP this morning. Since corporate profits deflated by unit labor costs are a long leading indicator, let’s take a look. Here is the raw corporate profits table released by the Bureau of Economic Analysis: Lines #3 and #11 […]
October new home sales plummet — but take it with a big grain of salt As you may have already read elsewhere, new home sales plunged -8.9% in October to the seasonally adjusted annual rate of 544,000. Here’s the accompanying graph: BUT … take this with a big grain of salt. The reason I rely […]
Janet Yellen “Not Tall Enough” So said Donald Trump on several occasions in connection with possibly appointing her as Fed Chair, according to an article in today’s Washington Post by Philip Rucker, John Dawsey, and Damian Paletta. This article, along with several others, mostly covered the 20 minute interview these three had with Trump in […]
Trump More Seriously Kowtows To MBS We have already seen the spectacle of Trump simply dismissing the reported CIA conclusion that Saudi Crown Prince Mohammed bin Salman (MbS) ordered the gruesome murder and dismemberment of journalist Jamal Khashoggi (“Maybe he did, maybe he didn’t”) He has put forward silly excuses for this: low oil prices! […]
Nearly one year after agreeing to merge in a bid to reinvent healthcare for Americans, CVS Health and Aetna sealed the deal on Wednesday, bringing together one of the nation’s largest pharmacy chains and one of the largest health insurers. CVS Health President and CEO Larry Merlo: “Today marks the start of a new day […]
CSX connects most major U.S. cities east of the Mississippi River. Since 2017, the railroad has laid off 6,000 employees, cut back on capital spending, and slashed the number of trains it runs and discontinued hundreds of the routes it serves. Together CSX and Union Pacific serve major U.S. cities west of the Mississippi River […]
“Announcement of a Looming White Minority Makes Demographers Nervous,” Sabrina Tavernise, The New York Times.” NYT’s article makes this announcement of White America becoming a minority in the 2040’s like it is new news. It is not. In 2006, I exchanged emails with Joel Garreau about the same topic in his article “300 Million and Counting.” […]