Which of Piketty’s “Rich Get Richer” Theories Matters More? – by Steve Roth Wealth Economics For to every one who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away. —Matthew 25:29, Revised Standard Version Steve Randy Waldman reminded me recently of this […]
– by New Deal democrat Last month, I wrote that the March CPI report was the one we had been waiting for for the past three years. April’s was the second one in a row. To cut to the chase, there were no major components besides shelter which qualified as “problem children,” i.e., sectors with 4.0% […]
In other words, it is not much to be chasing and probably cost us more in lost trade due to Trump’s tinkering with it to extract concessions from other countries. If you look at the chart, you can see Individual and Corporate taxes made up the bulk of the income tax receipts or federal revenue. […]
– by New Deal democrat We’re still in a new data drought. CPI is out tomorrow, and then a slew of data on Thursday. In the meantime there is one more data point that helps explain why consumers are still powering the economy forward. The Atlanta Fed maintains a “wage tracker” that measures wage growth, […]
Comment by Terry (Terrance Nilles) as taken from “Trump’s China tariff gambit is failing,” Angry Bear At the end of the day, I think the whole tariff thing is not about raising money to pay for tax cuts or to bring industry back to this country or to stop fentanyl from coming across the border. […]
This does not surprise me. States attempting to attract business which will be in the right industry or the industry of the future. I am sure there will be more occurrences as politicians and states attempt to get ahead of the curve by attracting the right industry. Fortunately and in AZ, we have TSMC building […]
In a recent video podcast of The Jim Acosta Show, former news anchor and White House correspondent Jim Acosta catches up with Representative (Republican) outside of Capitol Hill. The reasons he was pursuing Representatives? To ask why they focused on the name-change bill, changed the name of the Gulf of Mexico, and whether they were […]
I’ll start by saying that science doesn’t deal in proof. Science draws provisional conclusions based on the weight of evidence. A scientific hypothesis is one that can be tested and potentially falsified by experiment. The hypothesis that the origin of SARS-CoV-2, the virus responsible for the COVID-19 pandemic, originated from a natural infection just gained […]
Environment, Energy, and Related News from the week ending May 3rd. – by R. J. Sigmund Measles Texas measles total grows to 663 as Arkansas reports local spread, CIDRAP The Texas Department of State Health Services today reported 17 more measles cases from the West Texas outbreak, bringing the state’s total to 663. Along with more […]
Republicans chose the worse alternative for strengthening Social Security. Instead Bisignano will be implementer of Social Security’s demise. Democrats need t really step back and do whatever is necessary to block this appointment. More recently than the April 14 commentary by Nancy Altman is this later article on Social Security. Although Trump says nothing will […]