The so-called Gephardt Rule (in honor of Representative Dick Gephardt who introduced its first version) provided that when the House agrees to a budget resolution, the Clerk shall prepare a joint resolution suspending the debt limit for the fiscal year covered by the budget resolution. It was repealed at the beginning of the 107th Congress, […]
Labor has gained since the pandemic, but corporations have been sucking up the lion’s share of those gains . . . – by New Deal democrat I neglected to add a link to my Weekly Indicators piece at Seeking Alpha on Saturday, so here it is. Also, I’ve been trying to understand why, with all of the […]
My old Michigan standby on the PPACA. If there was something I needed to know, I could always count on Charles knowing the answer. I believe some of the state and federal politicians also relied on Charles for information. What is also kind of cool is Michigan Governor Gretchen Whitmer issuing a directive on Medicaid […]
I had read the JAMA Network version of this report although I could not get into the Full Text version. You can find a more open version by using a New in Private Window. Cliff notes . . . the polluting company paid for moving the people. In which, the health of the people, the […]
A long and good NYT take on why poverty continues to exist, stays stagnant or continues to grow in one of the richest nations in the world and the most capable of all to end poverty. A good read. “Those who have amassed the most power and capital bear the most responsibility for America’s vast […]
What I like about this Issue-Brief is the use of terminology we see, not knowing what it means, and seeing a description or definition. I have added links so as to do a deeper dive into the terminology. Carefully read, a person can garner an understanding of initial drug costs, intermediate costs, discounts, and what […]
Joseph Stiglitz is calling for an honest and open debate on the debt ceiling and future expenditures and whether there is any relationship between the two. He states the expansion of the debt ceiling has no relationship between it and laws having future expenditures. The debt ceiling has no bearing on legal expenditures. It is […]
Housing update: sales have bottomed, prices in process – by New Deal democrat No important economic news today. Yesterday existing home sales were released, but their economic impact isn’t all that important, except as it can confirm what has been happening with new houses under construction. And confirmation is what it gave us. First, *sales* […]
As of today, Trump seems well-positioned to win the Republican nomination. The basic dynamic is familiar from 2016 – Trump has a strong base of committed supporters, the opposition will likely be divided, and many Republican primaries are winner-take-all or winner-take-most. Couple this with the bump in support Trump got after his indictment in NY, […]
Jobless claims: yellow caution flag persists – by New Deal democrat In response to last week’s big jump in new jobless claims to 264,000, I wrote that it might be an outlier vs. the beginning of a rising trend. This morning claims fell back to their previous average range, at 242,000. The 4 week average […]