“Autonomous driving is the core promise around which Elon Musk has built his company. Tesla has never delivered a truly self-driving vehicle, yet the richest person in the world keeps repeating the claim that his cars will soon drive entirely without human help. Is Tesla’s autopilot really as advanced as he says? “The Tesla Files […]
– by New Deal democrat In addition to the jobs report, because this is Thursday we also got the latest jobless claims numbers. To wit, initial claims declined -4,000 to 233,000, and the four week moving average declined -3,750 to 241,500. With the typical one week delay, continuing claims were unchanged at 1.964 million: The more […]
David Zetland doing a review of Thomas Sowell’s book, “Basic Economics.” I had written Mr. Sowell once, maybe a decade ago. I was the recipient of his book. I was a third of the way through it when I was called away for a business trip which lasted a month. I found the book and […]
The Trump GOP has its knickers in a twist over Zohran Mamdani. He’s a Muslim, he’s young, he’s a Democratic Socialist (like Bernie) and he might be the next mayor of NYC. So the GOP hate machine is on blast: “Since the MAGA hordes first learned about the existence of NYC Democratic mayoral nominee Zohran […]
– by New Deal democrat As promised, let me parse the JOLTS survey for May, which was reported yesterday. As a quick refresher, this survey decomposes the employment market into openings, hires, quits, and layoffs. In 2024 the data were most consistent with a “soft landing,” but the actions of the new Administration, especially on trade, […]
Is there not one person in Congress who will be our leader who will tell Tr__P to shut up? Is it up to the constituency to do the dirty work every 4 years? I can only imagine where we would be it Tr__p succeeds. Trump attacks Fed again in open letter to Powell calling for […]
– Supreme Court limits nationwide injunctions, but fate of Trump birthright citizenship order unclear. The Copper Courier. “the decision left unclear the fate of President Donald Trump’s restrictions on birthright citizenship.” – States can cut off Medicaid funding to Planned Parenthood, the Supreme Court rules. Associated Press. “authored by Justice Neil Gorsuch and joined by the […]
I grew up about 20 miles from Brushy Mountain State Prison. You may remember it as the place James Earl Ray was held until, briefly, he wasn’t. He escaped and was re-captured. The appeal of Brushy Mountain included rough terrain and venomous snakes that inhabited the surrounding area. Copperhead Alcatraz. I once visited the prison […]
While Congress debates just how much to goose the federal deficit, the global climate budget is even further out of balance that previously feared: “But another approach can give us a very clear sense of what’s going on: track how much heat enters Earth’s atmosphere and how much heat leaves. This is Earth’s energy budget, […]
– by New Deal democrat This week data arrives in two batches: a smaller batch (ISM manufacturing and construction spending) tomorrow, and a huge tranche (nonfarm payrolls, jobless claims, ISM services, and factory orders) on Thursday. Which means I might take Wednesday off, and/or delay reporting on some of Thursday’s data until Friday. In the meantime, […]