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

Financialism

Back before, municipal and state governments, pension funds, etc. mostly invested in financials of the manufacturing sort. Then, America was in the manufacturing business. An issuing manufacturer was contractually bound to hand over the return owed. The investors were entitled. If they didn’t get their entitle, it was, ‘”see you in court.” In 2023, in […]

When They Go Low

Prejudices, bigotry, misogyny, sexism, discrimination, racism, and put-downs are all forms of bullying. Around since when, the put-down is an especially egregiously harmful form of bullying meant to diminish its target’s self-esteem. To bring them down; to keep them down. Long common to inter-city ghettos, it has of late (or maybe not so late) become […]

Black Earth

Just finished reading “Black Earth: The Holocaust as history and warning” by Timothy Snyder. It is a detailed account of the Holocaust, as well as an effort to abstract lessons from this history for our time. Like his book “Bloodlands,” Snyder’s “Black Earth” makes for painful reading. As the grandson of a Ukrainian Jew and […]

Macron Bypasses Parliament With ‘Nuclear Option’ on Retirement Age Hike

Dale Coberly talking about the French President Macron forcing retirement reform and what could result if US Social Security is paid for by taxes on the rich in income. Macron Bypasses Parliament With ‘Nuclear Option’ on Retirement Age Hike, commondreams.org, Jessica Corbett [The following is copied from article cited in link, with some editing by […]

All Electric comes to Heavy Equipment

I thought this would be interesting to our readers, especially those who are following the development of electric vehicles. Electric has infiltrated heavy equipment. This is Volvo’s latest all electric excavator: EC230. It is a 23 metric tonne (25 ton) machine. Not small. It is just like their diesel version but with batteries and an […]

Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage

This article is easy reading exploring some the differences and why people may choose one plan over the other plan. Attached is also a Commonwealth Fund article with more detail. Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage, MedPage Today, Cheryl Clark. Agents and brokers selling Medicare plan coverage often steer their clients to […]

Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a Bailout

Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a bailout; and why systemic risk remains  – by New Deal democrat There’s no big economic data being released today. Which I guess is fortunate, since we had a little kerfuffle over the weekend. Which may or may not be over. Herewith hopefully […]

DeSantis

What is it that the good folks in Idaho, Tennessee, Missouri, Arkansas, Florida, Alabama, (13 states and counting) have against LGBTQ folks? We hear a lot of, “I believe ….”, and “god said, …, ” from them. They may well, but, for sure, he-she-they didn’t. Folks, it turns out that the same percentage of your […]

“Time for a VOX Explainer” all Time Winner

I do not understand what the hell is going on regarding Silicon Valley Bank. I read something in the New York Times that seems to suggest to the no doubt completely confused me that somehow money will change hands as if uninsured deposits were insured. I have some simple questions. What happened ? What is […]

The Fed still seems determined to bring about a recession

The Fed still seems determined to bring about a recession  – by New Deal democrat As I wrote on Saturday, several coincident indicators have stabilized in the past several months (for example, Redbook consumer sales, which has been at roughly 5% YoY for 8 weeks; and payroll tax withholding, which was only up 1.2% YoY […]