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

“Long Beach and Los Angeles Shipping Backlog Ends”

If you have no idea of what a container ship looks like when loaded with containers, here is one example. I have no idea what port this one may be pulling into. The backside of the container ship has 178 containers with the top corners empty. If you had the time and the know-how, I […]

Coronavirus dashboard for October 21: autumn lull continues, despite new subvariants

Coronavirus dashboard for October 21: the autumn lull continues, despite new subvariants  – by New Deal democrat No economic data today, so let’s update the status of COVID-19. We are currently in a relative lull, with confirmed cases, hospitalizations, and deaths all near or at low levels only matched or exceeded at mid-year 2021 and […]

They can only “win” by cheating …

“They can only “win” by cheating …,” Homeless on the High Desert, Ten Bears. October 7, 2022 in g’da said Your Daily Chaos, Morning Digest: Elections ~ Here’s something you don’t see often—or ever: Republican Mike Erickson released an internal poll showing him leading his Democratic opponent, Andrea Salinas, the very same day that he filed a lawsuit demanding Salinas take down an […]

If GOP Wins Either House Of Congress, Dems Must Kill the Debt Ceiling

If GOP Wins Either House Of Congress, Dems Must Kill Debt Ceiling  If it comes to pass and especially if the GOP takes both houses, presumably Democrats will be able to kill the debt ceiling in the lame duck session. This assumes Manchin and Sinema stick with them on it, which one of them might […]

September existing home sales and prices decline

September existing home sales and prices decline  – by New Deal democrat With the exception of their big impact on prices, I do not particularly pay attention to existing home sales. Their economic impact is small compared with the construction of new homes which may have spearheaded by companies like that New Home Builder in […]

Jobless claims flat for the moment

Jobless claims flat for the moment  – by New Deal democrat There’s no big news in the jobless claims release this week. Initial claims fell -12,000 to 214,000, but the 4 week average increased 1,250 to 212,250. Continuing claims, which lag somewhat, increased 21,000 to 1,385,000: To the extent there is any discernible trend, I […]

Eileen Appelbaum on Albertsons – Kroger Merger Big Win for Private Equity – Big Loss for Workers

With regard to the Albertson – Kroger merger.   CEPR’s Eileen Appelbaum discusses a private equity profit scheme involving the Kroger/Albertsons grocery megamerger. Albertsons will pay out about a third of its market value to its former private equity owners and investors in November as part of the merger with Kroger. The large payment sets up […]

Originalism

If one were to look in the U.S. Constitution for the meaning of ‘Originalism’, they wouldn’t find it. It’s not there. It wasn’t anywhere until the U.S. Supreme Court’s Brown vs Board of Education (1954). ‘Originalism’ originated with segregationists opposed to the decision. Since, it has been heard a lot from white supremacists, white southern […]

Congressional stock trading

I haven’t paid a lot of attention to the controversy surrounding Congressional stock trading, but 1) I assume it’s a real problem and 2) it’s obviously going to be very difficult to get a strong reform bill through Congress.  So here’s a proposal:  why not craft a strong bill – bright line rules, no exceptions […]