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

A brief essay for July 4, 2023

A brief essay for July 4, 2023  – by New Deal democrat Selections from Brutus, the anti-federalist who argued against the Constitution’s institution of the Supreme Court: “When great and extraordinary powers are vested in any man, or body of men, which in their exercise, may operate to the oppression of the people, it is of […]

Catching a Credit Card Thief is Near to Impossible

How does this article align with Angry Bear’s usual content? Well, it might not seamlessly integrate unless you view it through the lens of economic concerns, particularly in terms of personal finance and education. It serves as a reminder to exercise caution in managing your credit cards, emphasizing the importance to Access Capital wisely. My […]

Words To Live By, July 4, 2023

July 4, Letters from an American, Prof. Heather Cox-Richardson (written July 3) And on July 4, 1776, the Second Continental Congress adopted the Declaration of Independence, declaring: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are […]

Manufacturing and construction sectors continue downward pull on economy

Manufacturing and construction sectors continue downward pull on economy  – by New Deal democrat As usual, we start the month with new manufacturing and construction data. The ISM manufacturing index goes all the way back to the 1940s, and has been a very good short leading indicator of recession throughout that time (although nothing’s perfect!). […]

Scrutiny of John Roberts: He Says He Will Vote to Uphold the University of Texas Affirmative Action Admissions Policy Because White Applicants Have Political Power. Seriously.

I (run7511) resurrected this commentary from March 2013. It is a realistic commentary about what John Roberts is all about. A take on what they were discussing then and how SCOTUS is reacting today. WASHINGTON — As the justices of the Supreme Court struggled with the question of same-sex marriage this week, politicians in Congress […]

How Often Do Health Insurers Deny Patients’ Claims?

Similar story as what Medicare Advantage does in comparison to Traditional Medicare. Denials in commercial healthcare sound very similar as to what is found in Medicare Advantage plans. Similarities are the same companies sell both types of healthcare insurance. What has come into play with commercial healthcare is the PPACA which can force commercial healthcare […]

Open Thread July 2, 2023 Partisan SCOTUS

The Constitution does not impose complete separation between the judiciary and the political branches. Instead, it establishes a federal judicial branch that is separate from the legislative and executive branches and benefits from certain important protections3 but also grants the political branches, and especially Congress, substantial power to regulate and otherwise influence the federal courts. […]

New Deal democrats Weekly Indicators June 26-30

SUNDAY, JULY 2, 2023 Weekly Indicators for June 26 – 30 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Movement among the indicators continues to be slow as molasses, but an important bifurcation stands out: indicators focusing on services continue to show good growth, while indicators focusing […]

The Supreme Court’s ban on affirmative action could mean colleges struggling to meet goals of diversity and equal opportunity

Pretty self-exclamatory and not needing a comment by me. The Supreme Court’s ban on affirmative action means colleges will struggle to meet goals of diversity and equal opportunity, Economic Policy Institute, Adewale A. Maye After extensive deliberation, the Supreme Court has delivered a landmark ruling that effectively prohibits the use of race-based affirmative action in college admissions. […]

More Worker Suffering Needed to Bring Inflation Down?

As read at Naked Capitalism, Yves Smith writes . . .”This post provides a high-level debunking of the Fed/central bank approach of squeezing wages as the first line of attack against of inflation. It cites the views of James Galbraith. If you’d like to read a fuller discussion, please see his article The Quasi-Inflation of 2021-2022 […]