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

Michigan Candidate’s Agenda to Root Out Corruption in Washington

Talking Election Politics Hers . . . It has been five years since we lived in Michigan. Mallory took office in 2019 as a State Senator. She appeared competent and I did support her running for office. Apparently, she has done well enough and is popular enough to run as a Federal Senator. Her opponent’s […]

May CPI is “less bad,” but bad enough to edge consumers closer to recessionary income levels

– by New Deal democrat Just as forecast by the Cleveland Fed, the CPI in May increased 0.5% – less than the increases in March and April, but still too high. Core CPI, which excludes food and energy, increased only 0.2%. The YoY% gains both also increased, to 4.2% and 2.8% respectively. to increase to […]

“Where Assets (and “Money”) Come From”

Steve Roth — Wealth Economics When you look at the left side of an entity’s balance sheet or its brokerage account statement, you see a list of things that the entity owns, with an estimate of what those assets are worth. The estimates are generally at current market value — what somebody would pay for those assets at […]

The Missing AI Conversation

J.P. McJefferson Thoughts J.P. McJefferson Artificial intelligence (AI) has become one of the most discussed technologies of our time. Governments around the world are debating regulations. Legislatures are holding hearings. Experts are proposing safeguards. Companies are publishing ethical principles. Yet amid all this activity, one critical issue receives surprisingly little public attention: AI is a […]

Existing home sales report shows a sub-optimal equilibrium with rangebound sales, prices, and inventory

 – by New Deal democrat First of all, my usual caveat: although they constitute about 90% of all housing sales, I don’t pay too much attention to existing sales because they are not nearly so important as new home sales, since the latter involve much more economic activity in the building process, plus more landscaping […]

More on the Kennedy Center Name Change

“‘Trump’ Kennedy Center Gets SLAPP-ed,” Taken from “Above the Law,”   Liz Dye on June 08, 2026 Bravo As we wait to see if the Kennedy Center complies with Judge Cooper’s order to take Trump’s name off the building by June 12, the arts center lost yet another legal battle on Friday. This time it was Judge Tanya […]

Groundhog Day Medicaid Healthcare

“Trump’s New Medicaid Rule ‘Designed to Ensure People Lose Healthcare,’ Critics Warn” Common Dreams Jake Johnson The Trump administration on Monday unveiled a rule that is expected to push millions of low-income people off Medicaid by imposing complex bureaucratic barriers in the form of work reporting requirements, which have proven disastrous at the state level. The rule, released by the Centers for Medicare and […]