This just blows me away every time I read one of these articles about what people are thinking about Covid vaccines. And then there is some pseudo-authority who is reinforcing the false paradigm on whether the vaccines works. “Sick, sick, sick,” Digby’s Hullabaloo, digbysblog.net Florida Surgeon General Joseph Ladapo calls the mRNA vaccines “an unsafe […]

The action by the United Auto Workers is part of a burst of labor activism attempting to reverse a decades-long trend. The trend as noted in the following graph. How the Latest Labor Strikes Are Attempting to Reverse Decades-Long Trends, The New York Times, David Leonhardt. (If you are having issues linking to this article […]

The economic tailwind from falling commodity prices has likely ended  – by New Deal democrat [Note: I’ll post on the August retail sales report later today.] Two days ago in my PPI and CPI overview, I wrote; “I am most interested in whether the producer price report tells us that the big decline in commodity prices is […]

I am seeing issues with commenting. I want to touch on the topic a bit. Be polite in your comments. Joel and I are open to comments. We do not critique how you write something, its wording, etc. We may agree or disagree. When a comment goes awry, off topic, attacks another or the author, […]

The deep roots of the UAW’s current dissatisfaction share much with those taking labor actions to fight back after decades of rising inequality: The pay of typical workers has lagged far behind more-privileged actors in our economy, and the reason for this growing inequality is an erosion of workers’ leverage and bargaining power in labor markets. Open […]

UAW-automakers negotiations pit falling wages against skyrocketing CEO pay: U.S. auto companies have the means to invest in EVs, pay workers a fair share, and still earn healthy profits | Economic Policy Institute, epi.org, Adam S. Hersh. Yet they are not paying Labor it’s overdue fair share of wages. United Auto Workers (UAW) members at […]

Initial jobless claims maintain renewed yellow caution flag  – by New Deal democrat Some post-pandemic unresolved seasonality may be affecting the weekly claims figures, as just like last year, they are declining sharply compared with early August. But on a YoY basis, they are not nearly so positive. Initial jobless claims rose 3,000 last week […]

PPI and CPI preview: why Paul Krugman’s “Goldilocks” economy is likely to prove “transitory” – by New Deal democrat Sorry for the lack of posting yesterday. Every now and then, real life intrudes and, well, yesterday was one of those days. All of the economic data this week is going to be crammed into tomorrow […]

The budget deficit is the change in the nominal face value of public debt. It is roughly unique (as far as I know) being the change in a quantity which is not corrected for inflation. We do not usually talk about nominal GDP growth or nominal wage growth. The sustainable deficit increases one for one […]

Today, several folks have posted 9/11 remembrances online. I’m fine with that. We should remember the people who died as a result of the plane crashes, as well as their families and friends. But don’t stop there. Also remember how this tragedy was cynically exploited for political purposes by folks like Rudy Giuliani and George […]