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

Tabulations of state level reports indicates 228,000 initial claims, 1.938 million continuing claims last week

– by New Deal democrat Among the economic data that is not being reported due to the federal government shutdown are initial and continuing jobless claims. Which, as I pointed out last week, is interesting because they were reported during the lengthy 2013 shutdown and for at least part of the 2018-19 shutdown. But both […]

Tariffs Impact on Price

Briefly: Prices are up. The unknown is whether and how much tariffs are impacting prices. Much can be influenced by news reports to the public. Prices did increase on imports. Are Tariffs Raising U.S. Retail Prices? Econofact The Issue: Tariffs on imported goods have risen steeply since President Trump’s second inauguration, to the highest level […]

Republican Mega Bill Will Impact Healthcare Coverage

We have posted information on Angry Bear before from various and different sources. We expect healthcare costs to increase. The article says 15 million will lose healthcare coverage. I have seen reports of up to 20 million will lose healthcare coverage. Many will lose coverage as a result of cutting Medicaid and loss of subsidies […]

Bot docs and the economics of primary care

The way to make money in medicine is to do procedures (colonoscopies, surgery). Primary care physicians, as a rule, don’t to procedures. They diagnose and, when necessary, refer to a specialist for procedures. So primary care physicians don’t make the big bucks. Med school graduates carrying loans from college and medical school are attracted to […]

Students Voting for Trump did Not Gain Them any Help or Access to Student Loan Bankruptcy

None of this means people can default whenever they wish. It does mean the consequences for student loans is harsher than for commercial loans, etc. One example is our president. Trump’s bankruptcies amount to $billions. No one has said no to Trump, you have to pay it off. The reason being? He is entitled to […]

But Friedman told me the world is flat!

Thomas “Mustache of Understanding” Friedman assured us that globalization has leveled the economic playing field, facilitating competition and collaboration, making the world “flat.” So how’s that going? “Thousands of U.S.-bound packages shipped by UPS are trapped at hubs across the country, unable to clear the maze of new customs requirements imposed by the Trump administration. […]

MIT rejects Trump “Compact”

The Trump White House has proffered a “contract” to US universities that, in exchange for the universities giving up 1st Amendment rights, curricular control and staffing criteria, offers . . . nothing. The offer is all sticks and no carrots. It does define the financial penalties schools will face if the administration deems they are […]

Update on Government layoffs and firings

Looks like cuts in Government workforce has taken place. Not a large number. Trump and Vought decided to cut workforce during the government shutdown. “Trump’s promised shutdown layoffs lead to at least 4,200 cuts at seven agencies,” Government Executive The Trump administration began issuing significant layoffs on Friday, the White House budget director said, following […]

Low Energy Protest

I know that Trump news is generally demoralizing and frustrating. But for me, when we talk about it openly and share our thoughts, it makes it less overwhelming because we have others who are just as outraged. Classic horror movies love to have the characters split up to search for the killer so they can […]