May jobs report: this is the kind of report you see at negative inflection points HEADLINES: +75,000 jobs added U3 unemployment rate unchanged at 3.6% U6 underemployment rate declined -0.2% from 7.3% to 7.1% (new expansion low) Leading employment indicators of a slowdown or recession I am highlighting these because many leading indicators overall […]
Robert Kocher and Donald M. Berwick “While Considering Medicare For All: Policies For Making Health Care In The United States Better,” Health Affairs Dr. Donald Berwick is the former Director of Medicare and Medicaid who talked about waste in Medicare and Doctors knowing such waste exists. “It is unlikely that the United States will move […]
No Fault Auto Insurance On May 30th, the Democratic Governor of Michigan Gretchen Whitmer, signed what was called a bipartisan effort by the Republican controlled legislature and a few of the Democratic members to solve the problems of expensive automotive insurance in Michigan. Due to redlining, other nefarious schemes, and a lack of transparency to […]
Initial claims, temporary staffing point to weaker May jobs report – by New Deal democrat As I’ve noted a few times recently, I’m paying additional attention to the weekly jobless claims numbers, partly because I suspected that the late Easter this year resulted in some residual seasonality (which I think has been demonstrated), and partly […]
by Dale Coberly The bad news is that we have slipped past the day when we could have saved Social Security from ever reporting “short term actuarial insolvency” by raising the payroll tax one tenth of one percent per year (about a dollar per week). This is only sorta bad because it doesn’t really matter […]
I have access to too many articles on a daily basis to the point of where I can not read them all much less write on each topic. This particular one emanates from SWI or Swiss Info High Pharma Margins Squeeze Health Systems by Jessica Davis Plüss. The topic? Cancer drug pricing is rising rapidly […]
Morehouse College seniors got a surprise Sunday, Billionaire investor Robert F. Smith announced during his commencement speech he would pay off the student-loan debt for the historically black college’s graduating class. Morehouse President David A. Thomas; “The total amount of student loan debt from the 396 students adds up to about $40 million. He called […]
Dan here…the United States Library of Congress will be archiving and collecting material from Angry Bear. The overall digital archiving project began in ernest since 2013. Abbie Grotke, Lead Librarian Web Archiving Team, affirmed the process. Below are excerpts from the letter of request and the Library website. The United States Library of Congress […]
by Dale Coberly KOTLICOFF ON THE HILL with Social Security Larry Kotlikoff wrote an editorial that appeared May 14 in “The Hill:” “Social Security Just Ran a $9 Trillion Deficit and Nobody Noticed“ He cried, “Wolf! Wolf! Social Security ran a 9 Trillion Dollar Deficit last year and nobody noticed!” He went on to explain […]
Justice Stevens Shoots At Gun Decision Former Supreme Court Justice John Paul Stevens, now 99 years old, has written a book, The Making of a Justice: My First 94 Years. Apparently he considers the District of Columbia versus Heller decision to be the worst of all those that was made during his time on the Supreme Court, that […]