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

Successful in a Primary? Don’t expect the Right Wingers Will Let you Pass . . .

Bit of a rewrite . . . Democratic socialist who would become the first Muslim to be NYC mayor if elected. He first has to get past the right-wingers who have come out of hiding since Zohran Mamdani’s success in the Democratic primary for New York City mayor. Being a Democrat is one thing. Being […]

Calling Out the the National Guard for California

Joyce Vance discussing Tr__p’s calling up the National Guard in California. While the Nineth COA did allow Tr__p to call up California’s National Guard, it was for other reasons it was allowed. “We disagree with Defendants’ primary argument that the President’s decision to federalize members of the California National Guard under 10 U.S.C. § 12406 […]

Trump approved bombing of US airbase

“President Trump said Iranian leaders cleared their plan with the U.S. to fire retaliatory strikes against an American airbase in Qatar, and even requested a specific time to attack. “They said, ’We’re going to shoot them. Is one o’clock OK?’ I said it’s fine. And everybody was emptied off the base so they couldn’t get […]

May new home sales decline, but prices firm, more evidence suggesting rebalancing

– by New Deal democrat This morning gives us the last of our three measures of home sales, prices, and inventory, new home sales. These are the most important of the three because while they are very noisy and heavily revised, they are the most leading of all housing metrics, and so they can tell us about […]

Rural Hospital Closures Are Caused by Inadequate Payments from Private Health Plans

Earlier in the article, it is said . . . Over the past decade, more than 100 rural hospitals have closed. The result of the closures being millions of Americans who live in those communities no longer have access to an emergency room, in patient care, much less doctors. This is healthcare and hospital services […]

May existing home sales show prices stabilizing, inventory continuing to increase towards its historical range

 – by New Deal democrat The first part of this week is all about more housing data. This morning started out with  existing home sales, which although they typically constitute about 90% of all sales are the least important for forecasting purposes, since the main thing that happens is only a change in ownership, and therefore they […]

What’s he hiding in there?

To follow up on my previous post; “WASHINGTON (Reuters) -Tesla told U.S. regulators that all of its answers to questions on the safety of its robotaxi deployment in Texas are confidential business information and should not be made public, according to a letter released Monday.” Because the safety of Tesla’s stock price will be endangered. […]

It’s a casino

“(Reuters) -Tesla shares jumped 10% on Monday, lifted by the long-awaited launch of the company’s robotaxi service that CEO Elon Musk has for years championed as a key driver of the electric vehicle maker’s lofty valuation. “The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its […]

The robotaxis that aren’t

Musk’s SpaceX rockets explode, sometimes on the launch pad. Now, Musk’s promise of Tesla robotaxis has also exploded. “Tesla’s much-anticipated June 22 “no one in the vehicle” “unsupervised” Robotaxi launch in Austin is not ready. Instead, Tesla has announced to its invite-only passengers that it will operate a limited service with Tesla employees on board […]