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

Former Students Plan to Ignore Loan Repayments When Pause Ends

Former Students Plan to Ignore Loan Repayments When Pause Ends, Newsweek, Khaleda Rahman  “I will not give them one cent!” 45-year-old teacher Jacque Abron said about resuming her student loan repayments when the COVID-19 pandemic-era pause comes to an end. “The illegal lending scam is over and I’m fighting until we see bankruptcy rights restored.” […]

Weekly Indicators for June 19 – 23 at Seeking Alpha

New Deal democrats Weekly Indicators for June 19 – 23 2023  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. When nothing dramatic is happening, high frequency information can be like watching paint dry. That’s where we are at the moment. The positives – like improving sentiment in the stock market – […]

Privatization’s Four Ds are being used to Defund, Degrade, Demonize, and Dismantle VA Healthcare and Privatize it.

If you must know in order to understand why I would post this, I am a Vietnam era veteran. I use the VA healthcare system. I find the VA to be a valuable entity for all veterans. It goes beyond healthcare and provides help for education, buying a home, and other valuable services which would […]

Some Things Amazing, Economical, Finally Happening, Legal, and also Yawn About

Interesting national reports as detailed in Letters from an American. At least, I find them interestingto be redundant. Multiple topics passing in review. June 22, 2023, Letters from an American, Prof. Heather Cox Richardson Something Amazing for Drivers “To rebuild I-95 on time, we need 12 hours of dry weather to complete the paving and […]

‘There’s no way I can pay it’: Americans dread restart of student loan payments

About the time I was talking to USC’s Associate Director and Alan Collinge at the Student Loan Justice Facebook site, Michael “The Guardian” reporter was talking to students there about payback issues. Everyone is concerned about the startup of loan paybacks. It is a serious issue for most. ‘There’s no way I can pay it’: […]

Back to the basics: how do initial claims, total hours worked, aggregate real payrolls, and job growth relate?

Back to the basics: how do initial claims, total hours worked, aggregate real payrolls, and job growth relate?  – by New Deal democratFed One of the most important reasons why big Fed rate hikes and big downturns in things like housing starts and credit provision haven’t translated into a recession this year (so far!) is […]

A Pittance Offered Up for National PFAS Cleanup

What is being offered up by 3M, etc. (NYT article below) is a pittance of what will be necessary to clean up lakes, wetlands associated with the lakes, rivers, and streams. I lived in Michigan. The reported contamination from PFAS, etc. in Michigan is massive and then there is a potential Lake Erie cleanup, the […]

There are lies, and there is the Public Service Loan Forgiveness program

Arizona Opinion: There are lies, and there is the Public Service Loan Forgiveness program, tucson.com, Lisa Ansell and Christina Winton. USC Associate Director Lisa Ansell discusses the predicament Christina Winton is in with Loan forgiveness applied for after 10-years in public service and the foot dragging by the PSLF program to cancel her student loans. […]

Initial Job claims: yellow caution flag turns more orange

Initial claims: yellow caution flag turns more orange  – by New Deal democrat Initial claims, which were one of the most positive indicators of all last year, have turned darker in the last several months, and are edging closer to triggering their recession warning levels. Claims were unchanged at a revised 264,000 last week, the […]