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

July 11th Letters from An American

Professor Heather Cox Richardson, A history professor interested in the contrast between image and reality in American politics. I believe in American democracy, despite its frequent failures. “Letters from An American“ On Friday, as President Joe Biden signed “An Executive Order Promoting Competition in the American Economy,” he echoed the language of his predecessors. “[C]ompetition […]

Socially Necessary Superfluous Labour Time — a digression

In a comment on my earlier post, Bill H. (run75441) mentioned that he thought at first this series on socially necessary labour time (SNLT) would be about Sydney Chapman’s theory. That comment stopped me short because I hadn’t thought about the connection between Marx’s analysis of SNLT and Chapman’s theory of hours. Recall that Chapman […]

Getting to a “Yes” Affirmation on the Covid Vaccine

“Getting to Yes: COVID Vaccine Edition,” Ken Haller, June 25, 2021 Pediatrician Dr. Ken Haller comes by way of AB Commenter and blogger Professor Joel Eissenberg. You can find Ken’s commentary on his site “Ken Haller.” Just follow the article title link or click on his name. If you have not been vaccinated yet, you […]

Manufacturing Process for Semiconductors Today. Could There be Better Supply Results?

“Could it be a better result? By this, I mean should there really have been an extreme shortage and long lead times?” A fellow writer was an engineer at OnSemi. As he stated once, his job was watching the crystals (future “wafer material) grow. More coming on this comment shortly. You will not be experts […]

A “Summer Rerun – The Victory of Privilege”

Yves Smith is back at Naked Capitalism, having been out for medical reasons. Angry Bear and I wish her well in recouping and rehabbing. An Introduction; At Naked Capitalism, Yves posted a commentary from September 2018 on the topic of “Privilege.” Intertwined with her experience as a child growing up in factory-dominated towns to what […]

Real personal income has completely made up its recession losses, now exceeds pre-recession peak

Real personal income has completely made up its recession losses, now exceeds pre-recession peak The last of the 4 monthly coincident markers for whether the economy is in recession vs. expansion was reported this morning for April. Let’s take a look. In nominal terms, personal income declined -13.1%, taking back most, not by no means […]

“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 […]

Older people are giving up hope of paying off their student loans before they die

While commenting on Alan Collinge’s Student Loan Justice site about much of what is being revealed here, I pointed out the problem with interest, interest on top of interest, paying interest before principal, etc. . It is a problem. You never touch principle. I am very happy to see the Student Loan Justice site and […]

Education

These past few decades have been witness to great change. It is hard to imagine that the Covid Pandemic will not increase this rate of change; that the pace of change will be slowing down anytime soon. Looking back, the advent of the microprocessor and all that followed changed the world forever. Looking forward, the […]

Alan Collinge of Student Loan Justice on CAP’s Current Efforts to Revamp Student Loans

It has been a while since I had last talked to Alan. I knew at the time he was at issue with a stance the Center for American Progress was taking on Student Loans which surprising are supported by some of our more popular consumer advocates. Kind of makes sense as we now see the […]