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

New home sales make 3 year high as price pressures for existing homes abate and inventory increases

  – by New Deal democrat Since new and existing home sales were released just one day apart, I figured I would report on both of them together; in particular because for well over a year I have been looking for, and tracking, the rebalancing of this market, where a lack of inventory of existing homes […]

SCOTUS killed the civil service

In its decision in Trump et al. v Wilcox et al., the six right-wing extremists on the Roberts SCOTUS stripped independent federal agencies of their independence. In principle, the next president could restore independence to these agencies, but from now on, such decisions are tenuous at best: “With unitary executive theory, Congress cannot write robust […]

Who Pays for Postal Privatization?

Who Would Pay the Biggest Price for Postal Privatization? – by Sarah Anderson Institute for Policy Studies as featured at Save the Post Office (Steve Hutkins) During his first term, President Trump appointed a task force on the future of the Postal Service that included the Treasury Secretary and the Directors of the Office of Management and […]

What you need to share about the “one big beautiful” ugly horrible bill

I subscribe to Robert Reich’s site also. The old economist as he calls himself asks that subscribers publish this particular commentary of Roberts, He is attempting to publish more information above Trumps tax cut bill. I can vouch for question 1 as I posted on how a cut in Medicare could happen. Robert is claiming […]

The Bond Market is Not Amused: on the importance of Moody’s debt downgrade and the GOP budget bill

 – by New Deal democrat Today let me address the GOP bust-out budget bill, and how that plays into Moody’s downgrade of US debt last week. And the bottom line is that, it is bad. The rubber is starting to hit the road. Let me start out with the below graph from the CBO of the […]

The higher education gospel according to Zuckerberg

Mark Zuckerberg says colleges aren’t preparing students for today’s job market and higher education is in for a “reckoning.” When, exactly, did “billionaire says” become a substitute for facts and evidence? • The unemployment rate for people with less than a high school diploma is 6.2%; • The unemployment rate for people with only a […]

Cuts to Medicaid and maybe Medicare

Briefly, a fast read . . . Trumps extension of the 2017 Tax Cuts and Jobs Act (TCJA) is a $3.8 trillion extension of it which will mostly benefit the wealthy and corporations. Professor Heather at “Letters from an American” (to which I subscribe) had this to say yesterday about the extension current being passed […]

Jobless claims: more of the same old, same old

 – by New Deal democrat The story continues to be “same old, same old” with unemployment claims. Initial claims declined -2,000 last week to 227,000. The four week moving average rose 1,000 to 231,500. With the typical one week delay, continuing claims rose 36,000 to 1.903 million: The YoY story continues to be the same as […]

Some Links to Healthcare Articles You May Find Interesting

I was reading about various healthcare issues I found on the internet and in particular Today on Medscape. The snippets are of longer articles which go into greater detail. You may find other articles to be of interest on Medscape at Latest Medical News, Clinical Trials, Guidelines, Today on Medscape. That is if they are […]