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

Texas’s revolutionary law

I came across an excellent post by Infidel753 who happens to blog at a site of the same name. I believe Infidel gives a sound rendition of the issues with the Texas recent abortion law and SCOTUS court’s reaction to it. The issue of “standing” is made by Infidel in his recital of the issues. […]

Does the Brownstone Institute produce reasoned arguments or propaganda? We report, you decide.

There is good money in libertarianism.  The Brownstone Institute was recently founded by Jeffrey Tucker, a libertarian who most recently has spent his time criticizing covid lockdowns.  He just published an article criticizing Biden’s support for a vaccine mandate.  He lists five problems with Biden’s policy, but is it analysis or propaganda? Let’s take a […]

Angry Bear readership up 28%

Over this year, our readership has grown by >28% as measured by Google Analytics which uses a thirty-day rolling average to reflect solid trends in readership. The Bear, better known as Angry Bear in the blogosphere, is well past the initial milestone of consistency and maintenance of readership and the associated increases. No small achievement. […]

The market still out of equilibrium, no additional hiring from early termination of benefits

July JOLTS report shows market still out of equilibrium, no additional hiring from early termination of benefits This morning’s JOLTS report for July is particularly important, because July was the first full month after a number of GOP-controlled States terminated enhanced unemployment benefits, on the theory that they were excessive and were coddling idle workers. […]

Jobless claims blow away the Delta wave (but beware Labor Day seasonality)

Jobless claims blow away the Delta wave (but beware Labor Day seasonality) This morning’s initial jobless claims report makes it shockingly evident that the Delta wave has had no appreciable effect on at least the “firing” side of the jobs market (vs. the “hiring” side, where it might have). Initial claims declined 35,000 to 310,000, […]

Covid testing failure and the state of American democracy

A little-noticed part of Biden’s covid address last night covered testing.  He promised to use the Defense Production Act to ramp up production of rapid tests, to make at-home tests available through retailers at cost, and to increase the availability of free pharmacy-based tests. (A few details here.) Making testing faster, cheaper, and easily accessible […]

Power and Power Brokers, Doing Right and Doing Good

Biden and the Press Commenter Dale Coberly: I ran across this in Salon newsletter,  “Your daily update from Salon” Written by Brett Bachman. “Buried deep in President Joe Biden’s Tuesday speech on America’s withdrawal from Afghanistan was a line . . . one of those uncanny truth-telling moments that Washington power brokers rarely indulge in: Biden: “This […]

Record High July Job Openings, June  Record Revised Higher

MarketWatch 666’s RJS: 5th record in a row; job openings have risen 62% so far this year . . . Here is the Fred graph. Despite record highs, hiring is down and layoffs are up . . . Something is clearly broken. July Job Openings at Record High after June Record Revised Higher; Hiring Down, Job Quitting  and  Layoffs  […]