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

The Supreme Court on trial

The Supreme Court needs to decide whether the 14th Amendment bars Trump from running for or serving as President again, and whether the President – and therefore Trump – enjoys broad criminal immunity for acts taken while in office.  These cases highlight the intrinsically political nature of the Court itself.  Many legal and political commentators […]

Initial claims: the return of “almost nobody is getting laid off”

Initial claims: the return of “almost nobody is getting laid off”  – by New Deal democrat We’re back to the virtuous scenario where almost nobody is getting laid off. Initial jobless claims for the last week of December declined -18,000 to 202,000, the lowest since October. More importantly, the 4-week average declined -4,750 to 207,750, […]

Being grateful for one big thing Baby boomers did Part I

This is Part 1 of 2 of an article by Andy Kiersz of Business Insider. Rather than smash it altogether, I thought splitting it into two likely parts would improve the presentation on Angry Bear. Part II can be found here. Gen Z, Millennials Should Stop Complaining About Baby Boomers, Economy, business insider, Andy Kiersz […]

ISM manufacturing index remains in contraction, and the trend in vehicle sales may have turned down as well

ISM manufacturing index remains in contraction, and the trend in vehicle sales may have turned down as well The ISM manufacturing index, where any value below 50 indicates contraction, once again came in negative for both the total index, at 47.4, and the more leading new orders subindex, at 47.1. Both have been indicating contraction […]

Medicaid Unwinding and Enrollment in Three Large Charts

An Updating of Medicaid disenrollments in the nation. Clicking on this tab – state data will take you to individual state numeric. Some states attack the issue of disenrollment with a relish even when the federal government is picking up most of the tab to enroll them. In the end, they will still show up […]

Government is Not the Problem. Bad Government is the Problem

Having gone from trump to Biden. a person who I thought would never make a good president makes Steve’s argument on Bad Government being the problem when trump was the president. Asymptosis » Government is Not the Problem. Bad Government is the Problem, Steve Roth. And the solution to bad government is … good government. […]

New Year, same old labor market deceleration

New Year, same old labor market deceleration  – by New Deal democrat This morning’s JOLTS report for November continued the same trend of labor market deceleration that we have seen since the blazing hot boom of 2021. Job openings declined -62,000 to 8.790 million, the lowest level since March 2021. Actual hires fell sharply, by […]

American society was not always so car-centric.

Introduction: Nice piece on how Americans are so tied to their gasoline powered cars, pickup trucks, etc. and the impact on cities and environment. What is key to this article and the author’s thought is this statement: “The obvious solution … lies only in a radical revision of our conception of what a city street […]

AbbVie Exploits Offshore Subsidiaries to Avoid US Taxes

Strictly a copy and paste of the Senate Finance Committee Chair Senator Ron Wyden Committee Report. I can not add to this other than say, repeal the 2017 Tax Act. Interim Report: Big Pharma Tax Avoidance Senate Finance Committee Investigation Reveals Extent to Which Pharma Giant AbbVie Exploits Offshore Subsidiaries to Avoid Paying Taxes on […]