by New Deal democrat Housing rebounded sharply in May One aspect of the economy that is important in terms of how well things will go once the pandemic ultimately recedes (which won’t occur until after next January 20) remains housing. And low-interest rates brought housing back from the depths in May. My look at the […]
Via Economic Populist, rjs writes: Global oil output surplus was at 8.6 million barrels per day in May, despite OPEC cut of 6.3 million bpd Submitted by rjs on June 22, 2020 – 3:16pm Wednesday of this past week saw the release of OPEC’s June Oil Market Report, which covers OPEC & global oil data for May, and hence […]
Coronavirus dashboard for June 23: focusing on deaths, and the Trumpist South and Southwest Confirmed total US infections: 2,312,302. (+31,433 in past 24 hours) Confirmed total US deaths: 120,402 (+425 in past 24 hours) We know that new cases are accelerating again. Is it translating into an increase in deaths? The answer appears to be: […]
Going Too Far Unfortunately, it was going to happen, and we who support the movement need to call out those instances where it goes too far. I am talking about the justified Black Lives Matter (BLM) movement, mostly characterized by widespread peaceful protests even in small rural towns that never see such things, and with […]
———————————————————————–||———————– The Past Now The Future What Will History Say by Ken Melvin When the new US History books come out in 2040, […]
What Was Behind Barr’s Friday Night Massacre? . . . Ignorance A comment in my wanderings: Barr could not fire Berman who is a court appointed US Attorney. His foolish attempt to do so only makes him look even worse than what he was perceived to be. On Friday night, Barr claimed Berman had resigned. […]
by Joseph Joyce The Challenges to the Dollar The dollar’s position as the premier global currency has long seemed secure. The dollar accounts for about 60% of the foreign exchange reserves of central banks and similar proportions of international debt and loans. But recent developments raise the possibility of a transition to a stratified world economy in […]
Is The Possible V-Shaped Recovery Flattening As The Second Quarter Comes To An End? Probably, although it is unclear whether or not we are having a V-shaped recovery (see most recent post here). However, whatever it is, it looks like the revived spread of the coronavirus is probably slowing it somewhat. New cases are up […]
George Floyd and the Costs of Racial Capitalism, LAWCHA, Ken Estey, June 10, 2020 Some History A little bit about LAWCHA. The “Labor and Working Class History Association” is an organization of scholars, teachers, students, labor educators, and activists who seek to promote public and scholarly awareness of labor and working-class history through research, writing, and […]