June industrial production: second sharp monthly decline in manufacturing – by New Deal democrat Industrial production declined -0.2% in June, and May was revised downward to unchanged. Even worse, manufacturing production declined -0.5% in June, and May was revised downward to -0.5% as well: This corresponds to the sharp deterioration in the regional Fed new orders […]
(Dan here…lifted from David Zetland’s One-Handed Economist newsletter are some interesting links on climate change…and we need to consider the US heat dome as well as Great Britain and European heat waves) Climate chaos (sorry for all the links, but shit’s getting out of control) Read: Researchers now estimate that humans cannot “tolerate” (=not die) wet-bulb […]
Jobless claims continue to trend higher, but no recession signal yet – by New Deal democrat Initial jobless claims rose 9,000 to 244,000 last week, a 7.5 month high. The 4 week average rose 3,250 to 235,750, a 7 month high. But the news wasn’t all negative, as continuing claims declined 41,000 to 1,331,000, which […]
Wikipedia offers an excellent synopsis of Regulatory Capture. In her book, Media Capture, Anya Schiffrin does so for Media Capture. In 1971, soon-to-be Associate Justice Lewis Powell Jr., then a corporate lawyer, wrote a memorandum to his friend Eugene B. Sydnor, Jr., Chair of the Education Committee of the U.S. Chamber of Commerce titled Attack […]
June CPI report: bad, bad, bad, bad, bad – by New Deal democrat In case for some reason you haven’t already heard, the inflation news for June was uniformly bad. Here is some of the carnage. For the month of June only: overall inflation was up 1.3%, the highest monthly increase since 2005 […]
A well-deserved death for an ill-conceived plan for veterans. The 2018 VA MISSION Act was to help shape the future of veterans’ health care delivery by creating the Asset and Infrastructure Review (AIR) Commission. The modernization as planned by Trump was to be accomplished by downsizing VA hospitals and clinics with the goal of privatizing […]
“Peatlands cover only a small fraction of the Earth’s surface (3%), yet store more than 15%–30% of terrestrial carbon (C) stocks” One of the terrible tipping points is oxidation of Peat due to warming (another is release of methane from melting tundra). But one key question is why didn’t the carbon in peat turn to […]
In a previous post, I pointed out that Jeffrey Tucker, the founder of the libertarian Brownstone Institute, has a personal history on race related issues that . . . raises some awkward questions. I concluded as follows: I have no idea what the truth is here or what Tucker’s views on race are. But the […]
by Barkley Rosser Just How Bad Is Biden’s Trip To Saudi Arabia?, Econospeak Yes, I posted on this a while ago, but at that time it was a maybe. Now he is in the air on his way, although, of course, to Israel and the West Bank first, where I have no complaint or comment […]