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 […]
I don’t think we have entered a constitutional crisis. I think for all intents and purposes we are already past it, because of the ineffectual response to Trump’s autocratic behavior. On February 15, he brazenly abrogated Congress’s appropriations power with this diversion of funds for his “border wall.” Presidential Proclamation on Declaring a National Emergency […]
There is a number of comments and commentary about the 2020 election and what if Trump refuses to leave. I put up a few and also a good article from Vox. – A comment (ken_lov) stolen from another site I frequent and read from time to time: “From time to time on other websites I’ve […]
Marquette Nat. Bank of Minneapolis v. First of Omaha Service Corp., 439 U.S. 299 (1978). In a unanimous U.S. Supreme Court decision, the court held states anti-usury laws regulating interest rates unenforceable against nationally chartered banks based in other states. Justice William Brennan: It was the intent of Congress when it passed the National Banking […]
Econospeak (Barkley Rosser, pgl, Peter Dorman, Tom Walker) is in the financial section along with Bonddad blog (New Deal democrat) and Capital Ebbs and Flows (Joseph Joyce), and I am proud to say have a direct connection to Angry Bear (under general blogs…). Dear Dan, I wanted to let you know that your blog, Angry Bear Blog has been featured in the Top […]
April jobs report: great headlines, signs of fraying around the edges HEADLINES: +263,000 jobs added U3 unemployment rate declined -0.2% to 3.6% (new expansion low) U6 underemployment rate unchanged at 7.3% Leading employment indicators of a slowdown or recession I am highlighting these because many leading indicators overall strongly suggest that an employment slowdown […]
The Blue Dogs suddenly have remorse over supporting the nomination of what’s-his-name . . . Elmer Fudd or was it William Barr? Sen. Doug Jones (D-Ala.) The most vulnerable Democratic Senator up for reelection next year, said he is “’greatly, greatly’ disappointed in what I am seeing in the attorney general.” While Barr did follow […]
The John Bates Clark Award And Me Getting Old Yes, this is going to all be about me! 🙂 So, before getting to me, me, me, let me congratulate Emi Nakamura of the UC-Berkeley economics dept for receiving the John Bates Clark Award. It seems to be well deserved for her innovative and influential work […]
FoxConn, Valerie Bauerlein. Microsoft News “Six miles west of Lake Michigan in Mount Pleasant, Wisconsin lies a cleared building site half again as big as Central Park and ready for Foxconn Technology Group’s $10 billion liquid-crystal-display factory. Contractors have bulldozed about 75 homes in Mount Pleasant and cleared hundreds of farmland acres. Crews are widening […]