Who is Alito or the conservative court majority to decide what is best for women? The court is engaging in a pattern and practice of discrimination against a group of citizens which is of ‘general public importance (related directly or indirectly with the interest of citizens).’” I expected Prof. Chemerinsky to write on the SCOTUS intention […]

New jobless claims: a possible reversal with a slight rising trend Initial jobless claims rose 19,000 to 200,000, continuing above the recent 50+ year low of 166,000 set in March. The 4 week average also rose by 8,000 to 188,000, compared with the all-time low of 170,500 set four weeks ago. On the other hand, […]

I started teaching medical students in 1988 and have been an instructor and course director for one or more first-year med school courses continuously since 1990. When I started, there were two full years of pre-clinical course-work. Now we’re down to a year and two-thirds and there are plans to shrink further. Some medical schools […]

RJS; Focus on Fracking Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks — The Biden Administration will purchase 60 million barrels of crude in Q3 (Yahoo) in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after authorizing a record release over six […]

The impact of supply constraints on the US economy in 3 easy graphs The two most important purchases ever made by most consumers are (1) their houses, followed by (2) their motor vehicles. Indeed, according to Prof. Edward Leamer‘s forecasting model, ever since the end of World War 2 almost all American recessions have been […]

RJS, MarketWatch 666 Summary: Construction Spending Rose 0.1% in March after Prior Months Were Revised Higher The Census Bureau’s report on construction spending for March (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,730.5 billion annually if extrapolated over an entire year, which was 0.1 percent (±0.7%)* above the revised annualized February […]

In midday trading, the Dow Jones industrial average slumping 3.3 percent. The S&P 500 index sinking 165 points, or 3.8 percent. The tech-heavy Nasdaq was losing biggly, giving back 651 points, or 5 percent. I am not looking at investments today. The drop was wiping out the gains from the previous session’s massive rally. All […]

Letters from an American May 4, 2022, Prof. Heather Cox Richardson Overturning Roe v. Wade The uproar over the leaked draft of the Supreme Court decision overturning Roe v. Wade continues. You can tell just how furious the reaction has been by the fact that establishment Republicans are desperately trying to turn the public conversation to the […]

Taiwan says new Harpoon missiles will help it crush half of Chinese invasion fleet Taiwan says US$2.37 billion worth of Harpoon missiles would enable it to obliterate half of Chinese invasion armada “TAIPEI (Taiwan News) — Taiwan’s military on Oct. 27 [2020] stated that the potential sale of US$2.37 billion worth of Harpoon anti-ship missiles […]