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

Roberts and The Court Grants Immunity to the Pres . . .

It is as if we have reversed course to the medieval times where kings were exactly such and their rule of order was final. John of England sold justice, sold offices, and generally acted arbitrarily, defying feudal customs and laws. In 1215, a powerful group of barons renounced their allegiance, seized London, and confronted King […]

The retirement picture in 2025

I started taking Social Security in March, just after I turned 70. I was born in the mathematical middle of the baby boom. What does SS look like for my fellow boomers? “The average Social Security benefit for people at age 65 is $1,583 per month, according to the Social Security Administration. For men, the […]

No Vote on Healthcare this Year – 2025

A Republican led House of Representative could not come to an agreement on the continuation of subsidized ACA healthcare for their constituents. I would think they should stay in conference over the holiday until they do reach some type of agreement. There is no energy in them to inconvenience themselves for constituents. WASHINGTON — It […]

Americans Are Being Hurt by Republican/Tru_p Economic Policies

Robert Reich in his latest commentary (“Why Americans are going batsh*t over the cost of living”) details what is going on today in the economy with Trump’s involvement. Overall? Not good . . . The Bureau of Labor Statistics (which can still be trusted!) reports today that just 64,000 jobs were added to the economy […]

Combined October and November jobs report: a hairs-breadth from recessionary, at best

 – by New Deal democrat At Last this morning we got some up to date labor data from the federal government, but only partially. The Establishment Survey was updated for both October and November, while the Household Survey was not conducted at all for October, and so jumps from September to November. In November virtually all […]

ACA Healthcare Extension

Taking this from Health Affairs which addresses the solutions and the issues. It is too long to post at Angry Bear. I am providing a link above. “No Clear Front-Runner to Extend ACA Healthcare Subsidies.” Some details. Plans When It Can Happen Satisfying the Fears of Ineligibles Receiving Healthcare Who Goes First and Saving Citizens […]

Casino hours

If it hasn’t already been obvious for the past three decades, the stock market is dominated by gamblers, not investors. And gamblers don’t keep banker’s hours, peeps. “Nasdaq, one of the world’s largest exchanges that is home to tech companies Nvidia (NVDA), Apple (AAPL) and Amazon (AMZN), is planning to submit paperwork with the U.S. […]

House GOP unveils health care bill without ObamaCare subsidies extension

by R.J. Sigmund House GOP unveils health care bill without ObamaCare subsidies extension. House Republicans on Friday unveiled a health care bill they will bring to a vote next week that includes items that are broadly popular in the party. Cost sharing reductions and reforms to the pharmacy benefit manager industry. It will exclude extension […]

What do vehicle miles traveled and gas usage tell us about the economy?

 – by New Deal democrat To be updated by NDd. Today is the last day of our data drought before the onslaught of delayed reports that begins tomorrow with the November jobs report and CPI.  In the meantime, there is a commenter on another economics site who generally believes that everything is OK as along as […]