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

Governor Katie Hobbs Announces $500K in FAFSA Initiatives to Assist Arizona Families Afford College

According to The Hill the New FAFSA forms were supposed to be easier and shorter. Shorter yes, nut not so easy. There is a list of 2024-24 FAFSA issues which are confounding parents and students attempting to complete the FAFSA so as to be eligible for student aid. FAFSA forms were changed in 2023 and […]

Leading indicators in the Q1 GDP report are mixed

 – by New Deal democrat The Bonddad Blog Most of the commentary you will read about Q1 GDP that was released this morning will be about the core coincident components. For that I will simply outsource to Harvard’s Prof. Jason Furman: “much of the slowdown was in non-inertial items like inventories (-0.35pp) and net exports (-0.86pp). […]

Jobless claims continue their snooze-fest

 – by New Deal democrat The Bonddad Blog [Note: I’ll put up a post discussing Q1 GDP later today.] Initial and continuing claims continued their snooze-fest this week. Initial claims declined -5,000 to 207,000, continuing their nearly 3 month long range of between 200-220,000 per week. The four week average declined 1,250 to 213,250. This […]

One born every minute

And the grift goes on: “Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole […]

Manipulating Supply Chains and Manufacturing, for Corporate Influence and Profit . . . Redux

It is getting serious now. Kroger is willing to sell off more stores in order to consolidate with Albertsons. The one thing we keep on seeing is the manipulation of supply chain due to circumstance to achieve manufacturing shortfall, and influence, to maximize profits. Much of what we have and are experiencing was avoidable. The […]

The range-bound new home sales market continues

 – by New Deal democrat The Bonddad Blog As per my usual caveat, while new home sales are the most leading of the housing construction metrics, they are noisy and heavily revised.  That was true again this month, as sales (blue in the graph below) increased almost 9% m/m to 693,000 annualized, after February was revised downward […]

Trump vs. Biden: Who Got More Done for Veterans?

by Suzanne Gordon and Steve Early Washington Monthly Trump has mocked veterans and privatized their health care. Biden honors them but hasn’t challenged Trump’s privatization policies. Currently, they are moving more and more veterans to commercial healthcare. This rather than restoring VA healthcare to a better place for veterans to be and at a lower […]

Real median wage and income growth through March continued the recent increasing trend

 – by New Deal democrat The Bonddad Blog This is an update of some information I last posted several months ago. Real median household income is one of the best measures of average Americans’ well-being. However, the official measure is only reported once a year, in September of the following year. So right now the most […]

Former Shell employees resurrect dead well in ‘monumental’ move for geothermal energy

by Laurelle Stelle msn.com, The Cool Down Nice read on geothermal energy produced from pumping water into fracked rock formations in deep dry oil wells. In Texas, several innovative new companies are combining clean energy technology and the expertise of former oil and gas industry employees to create a whole new generation of geothermal power plants, Grist reported. […]