“(Reuters) -Tesla shares jumped 10% on Monday, lifted by the long-awaited launch of the company’s robotaxi service that CEO Elon Musk has for years championed as a key driver of the electric vehicle maker’s lofty valuation. “The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its […]
– by New Deal democrat There is an old saying that “economic expansions don’t die of old age. They are murdered.” I have been writing about the economy, and examining all sorts of leading, coincident, and lagging indicators, for 20 years; and the longer time goes on, the truer that saying appears. My most recent examination […]
The United States already had the highest rate of child poverty compared to other wealthy, developed nations. According to the most recent data from the Organization for Economic Co-Operation and Development (OECD). The U.S. child poverty rate was 20.8 percent, and the average for similar countries excluding the United States was 11.2 percent using data […]
A quick run-down on Trump and Republican’s H.R. 1 bill. This has already passed in the House and is now at the Senate for consideration. There may be some changes and resistance yet. There is a widespread agreement the most vulnerable will take the biggest hit, and it is by design. Under H.R. 1, the […]
Musk’s SpaceX rockets explode, sometimes on the launch pad. Now, Musk’s promise of Tesla robotaxis has also exploded. “Tesla’s much-anticipated June 22 “no one in the vehicle” “unsupervised” Robotaxi launch in Austin is not ready. Instead, Tesla has announced to its invite-only passengers that it will operate a limited service with Tesla employees on board […]
In 2006 Joel Garreau wrote “300 Million and Counting” in the Smithsonian. It was then we were at a replacement rate of 2.01. The nation was barely replacing itself. November 20, 1967, the population of the United States passed 200 million. It had taken ~29 years to add 100 million more people to the US […]
Along with the return of trump, the United States popularity is in decline. U.S. President Donald Trump receives mostly negative ratings in a new Pew Research Center survey of 24 nations. More than half in 19 of these countries say they lack confidence in Trump’s leadership in world affairs-Pew. I would suggest not traveling globally […]
“Bishop Pham, himself a Vietnamese refugee as a child, said ICE agents were “standing there covered with masks as we walked toward the courtroom. Eventually the … agents kind of scattered and went away.” Bishop shames ICE Probably the best use of a Roman Catholic bishop that has occurred in my lifetime. “A growing group […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The trends that have been in place ever since the start of Tariff-palooza!, aided and abetted by the GOP budget-busting bill and the burgeoning Israel-Iran war, are continuing. The US$ is declining, oil prices are spiking, rail traffic has turned negative, and […]
Brief piece on which employees are mostly impacted by cuts in Medicaid. And a state statement from a Senator from Oklahoma who basically says, “no worries, they could just get employer-based healthcare insurance.” Which if this were true, why would they take Medicaid? It is far easier and less of a bother, if they could […]