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

“An estimate of the impact of revisions to 1st Qtr GDP are here” . . . Commenter RJS

May Retail Sales Fell 1.3% After April Sales Were Revised 1.4% Higher Seasonally adjusted retail sales fell 1.3% in May after retail sales for April were revised 1.4% higher . . . the Advance Retail Sales Report for May (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $620.2 billion […]

Pro and Con of a Virtual Currency

What are we talking about here? Federal Reserve is taking an initial step towards launching its own virtual currency. The move is disturbing to banks as it gives millions of low-income Americans access to the financial system and fortifies the dollar’s status as the world’s reserve currency. The rise of private cryptocurrencies is motivating the […]

When The Truth Overtakes Politics . . .

Sharing the truth while speaking to a 100% white and 70% male GOP Pennsylvania legislature body and telling them what is more important. PA Representative Brian Sims takes on the Republican majority in the state House. PA Rep. Brian Sims: “Your boos mean nothing to me as I’ve heard for what you cheer. We are […]

Slamming Chase CEO Jamie Dimon – Overdraft Fees

Elizabeth Warren Slams JPMorgan Chase’s Jamie Dimon on Overdraft Fees – Rolling Stone I could watch this over and over. It is similar to when she put the spotlight on John Roberts in the Senate. This is a good take down of Jamie Dimon by Senator Elizabeth Warren. The Senator is relentless. It appears Chase […]

A Student’s View, The “Unshakeable Burden” of Student Loans

“Americans stress over ‘unshakeable burden’ of student loan payments,” The Guardian, Michael Sainato, May 2020 The nation can alleviate one person of their debt multiple times; but, it can not do so for the younger contingent consisting of minorities and white former students who would add to the growth of the economy if freed. Much […]

Wuhan Readings from the Fauci Files

I would not want you guys to fall behind in the conspiracy readings. I was reading this stuff April 2020. The news caught up in 2021. “Dr. Fauci Backed Controversial Wuhan Lab with U.S. Dollars for Risky Coronavirus Research,” Newsweek “Under Political Pressure, NIH Blacklists Wuhan Virology Lab,” American Institute of Physics “Why US outsourced […]

The Uninsured and Free Healthcare Insurance

Eighteen million uninsured Americans are eligible for free or subsidized health insurance. Kaiser Family Foundation estimates, 12.5 million of the uninsured are eligible for free coverage which includes 3.4 million for whom “free” means high-deductible bronze coverage. More than likely, half of the uninsured could get “platinum-equivalent” silver healthcare insurance coverage for a premium amounting to no […]

Just Some More Interesting News

‘Cut the Bullsh*t‘ and Tax Rich People Like Us, Common Dreams, Kenny Stancil Monday is Tax Day in the United States this year and the Patriotic Millionaires—rich Americans who advocate for greater redistribution of wealth and power to working people in the U.S.—are using the occasion to launch “an offensive” against the “selfish billionaires, Wall […]