Pres. Trump revokes our independence 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 Life, Liberty and the Pursuit of Happiness.” […]

WI Representative Derrick: And “yes” just so you know, I did vote for the bill even though I knew it might endanger Wisconsin citizens and Wisconsin rural hospitals may be forced to close. AB: Wow, what an upright guy! Republican Congressional Representative Derrick warns Democrat Governor Tony Evers he has to do something. Bur the […]

Yes, it cuts Medicaid explicitly. But it will result in cuts to Medicare as well: “But now Republicans have created another problem. They didn’t just cut Medicaid; they also have forced nearly half a trillion dollars in cuts to Medicare, the health program for the elderly. “Because of a statutory requirement to automatically impose budget […]

“LINCOLN, Neb. (KLKN) — A clinic in southwest Nebraska announced Wednesday that it is closing due to financial challenges, including anticipated Medicaid cuts. “McCook-based Community Hospital said it is shutting down its clinic in Curtis, a town of about 900 people. “The Curtis Medical Center has been in operation for more than 30 years.” But […]

 – by New Deal democrat In addition to the jobs report, because this is Thursday we also got the latest jobless claims numbers. To wit, initial claims declined -4,000 to 233,000, and the four week moving average declined -3,750 to 241,500. With the typical one week delay, continuing claims were unchanged at 1.964 million: The more […]

 – by New Deal democrat Even before the new Administration took office in Washington, my focus had been on whether the economy would have a “soft” or “hard” landing, i.e., recession. That has only intensified by the utter chaos of this Administration, particularly about tariffs. So my focus now is looking for “hard” vs.”soft” data indicating […]

Remember the drug Ivermectin during the Covid epidemic? The animal-deworming medication was used so avidly as an off-label COVID treatment during the pandemic that some feed stores ended up going out of stock. To prevent stockouts one store posted this: “MUST SHOW A PIC OF YOU AND YOUR HORSE.” A sign that demanded proof from would-be […]

David Zetland doing a review of Thomas Sowell’s book, “Basic Economics.” I had written Mr. Sowell once, maybe a decade ago. I was the recipient of his book. I was a third of the way through it when I was called away for a business trip which lasted a month. I found the book and […]

The Trump GOP has its knickers in a twist over Zohran Mamdani. He’s a Muslim, he’s young, he’s a Democratic Socialist (like Bernie) and he might be the next mayor of NYC. So the GOP hate machine is on blast: “Since the MAGA hordes first learned about the existence of NYC Democratic mayoral nominee Zohran […]

– by New Deal democrat As promised, let me parse the JOLTS survey for May, which was reported yesterday.  As a quick refresher, this survey decomposes the employment market into openings, hires, quits, and layoffs. In 2024 the data were most consistent with a “soft landing,” but the actions of the new Administration, especially on trade, […]