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

Navy demoted Ronny Jackson after probe into his behavior

Admiral, Captain Ronny Jackson was demoted and was not too happy about it. I think he deserved it. After reading the Inspector General’s report, it should have happened sooner. Admiral Ronny as compared to Admiral “Bull” Halsey? Hmmm/ Navy demoted Ronny Jackson after probe into White House behavior, msn.com, Dan Diamond. The worst job I […]

Biden publishes SOTU Healthcare Proposals: Permanent subsidy upgrade, $2K drug cap for all, more

I am late in getting this information up on Angry Bear. I should have checked fellow Michigander Charles Gaba’s site ACA Signups. Most of the time, Charles is way ahead of me on healthcare just like some of the others are from time to time. This is a rundown of what President Biden is going […]

Initial jobless claims continue positive, suggesting good news for the tomorrow’s February unemployment rate as well

Initial jobless claims continue positive, suggesting good news for the tomorrow’s February unemployment rate as well  – by New Deal democrat The most important reason I cover initial jobless claims is because they are an “official” short leading indicator. They are also very good at forecasting the short-term trend in the unemployment rate in the […]

The Change HealthCare hack

This post uses material that a Facebook friend posted. I re-post it here with her permission. Any provider that uses a Billing Software (that has Change HealthCare integrated in their system as the main clearinghouse) can’t get claims to insurance companies once they medically bill for something/services in their software. Change Healthcare is the ‘bridge’. […]

What One Economist Wants to Hear on Thursday’s SOTU Address

Up-Dated: Dean Baker, CEPR co-founder and Senior Economist, shares what he wants to hear from the President during Thursday’s #SOTU2024. Dean Baker and CEPR hopes Joe Biden reminds the country of his strong economic record while offering substantive policy pathways to bring more relief to the hard issues many face every day. He surmises what […]

Earned Labor Income Is a Small and Weak Lever. Unearned Property Income, and Wealth, Rule

Reversing extreme wealth concentration means going after property income. Originally Published at Wealth Economics Economists and pundits have been cheered of late by the labor-share increase during the first couple of years of the Covid era. And even, for a moment, lower-income workers were making progress vs higher-income folks. This is good news. In the […]

January JOLTS report shows more (relative) weakening, downward revisions to 2023

January JOLTS report: shows more (relative) weakening, downward revisions to 2023  – by New Deal democrat The JOLTS report for January showed only minor changes compared with December, all to the downside, but was somewhat overshadowed by mainly downward revisions to all of 2023. Starting with the monthly changes, job openings (blue in the graph below), […]

Addressing Credit Card late fees and Supply Chain Pricing

My beef has been with the Supply Chain. Yep, you can be forced into manufacturing less product due to part shortages. Unless you are air freighting that stuff or running OT, costs do not necessarily increase due to producing less. Another situation? In 2008, the calls would come in about raising prices in a take […]

Big Mac Index Measuring Purchasing Power Parity Globally

Wikipedia: The Big Mac Index is a price index published since 1986 by The Economist. It is an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It “seeks to make exchange-rate theory a bit more digestible. The index compares the relative price worldwide to […]

Commercial Interests Lobbying Against Railroad Safety kill Legislation

A bit of a rewrite on this article. Still a little too long. Talking about railroads, the East Palestine derailment February 2023 crash and how little has been done since then. Outside interests including Koch Industries have been blocking much needed reform through their lobbying of friendly resources in Congress. A good read. Last year’s […]