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

Truth Is The Daughter Of Time

Truth Is The Daughter Of Time This is a frontispiece to a 1951 mystery novel by Josephine Tey (real name: Elizabeth Makintosh) named _The Daughter of Time_It is about the question of whether or not King Richard III ordered the murder of the “Little Princes in the Tower,” his nephews Edward and Richard, as has  […]

Covid litigation and immunization

(Dan here…a note for reality) Full liability release for businesses and hospitals It’s necessary, Mitch McConnell and his colleagues say, because of a “flood” of frivolous lawsuits crushing businesses and threatening economic recovery. So it’s important to say this clearly and out loud: there is no crisis of COVID-19 litigation. It’s made-up, it doesn’t exist, it’s […]

Trump’s handling of the economy

Robert Kuttner on public approval of Trump’s handing of the economy: As general support for Trump keeps sinking, there is one anomaly. According to this July 15 Wall Street Journal/NBC poll, which finds Biden leading Trump by 11 points, fully 54 percent of Americans approve of Trump’s handling of the economy. Really? That would be the corona […]

Opening schools

Important questions from my friend Paula W…….. ! Listen up world! Betsy DeVos, we have a few questions for you: • If a teacher tests positive for COVID-19 are they required to quarantine for 2-3 weeks? Is their sick leave covered, paid? • If that teacher has 5 classes a day with 30 students each, […]

June retail sales: some actual good news; the entirety of the pandemic decline has been reversed

June retail sales: some actual good news; the entirety of the pandemic decline has been reversed Retail sales are the third report for June out of the four main coincident indicators that show whether the economy is in recession or expansion. And they were the third that grew again for the month. In fact, in […]

Suppose the Democrats win the Presidency and the Senate in 2020 . . .

Given the state of the race, people are starting to ask what this would mean for the future of progressive politics in America. James Kwak is gloomy: I think the policy solutions are obvious . . . The problem, of course, is the politics—not just President Trump and the Republicans, but a Democratic Party controlled […]

Industrial production rebounds, but will manufacturing employment continue to do so?

Industrial production rebounds, but will manufacturing employment continue to do so?   Industrial production is the King of Coincident Indicators. The NBER almost always identifies month of the end, and frequently the beginning, of recessions based on the top and bottom of this statistic. This morning it was reported to have risen for the second […]

The First Steps . . .

As posted by Anne: #Coronavirus data has been removed from the U.S. CDC website after the Trump administration’s order to re-route hospital data directly to the administration. Missing are current inpatient and intensive care bed occupancy, health worker staffing, and PPE supply status. pic.twitter.com/mwBjw4QE7d — CGTN America (@cgtnamerica) July 16, 2020 Pope Francis “All dictatorships, […]