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

What Happens to the U.S. when Trump Ignores the Court

“Donald Trump Ignoring Court Order Is ‘Doomsday Scenario,’” (Newsweek) SUMMARY: President Donald Trump’s deportation of Venezuelan migrants may have violated a direct court order, leading to what the FBI’s former general counsel, Andrew Weissmann, has called a potential “doomsday scenario.” Speaking on MSNBC, Weissman said: “The doomsday scenario for this country is the idea that you […]

The housing market continues its slow rebalancing

The housing market continues its slow rebalancing: new and existing home sales rangebound, price pressures including Case Shiller and FHFA steady  – by New Deal democrat Since new home sales as well as the repeat sales price indexes were both reported this morning, let’s update the entire housing market all at once, including existing home sales, […]

Employment is Historically very Weak

A “quick and dirty” update: the employment is historically very weak  – by New Deal democrat There’s no significant economic reports today, and even most of the high frequency indicators won’t start coming in for the week until tomorrow, so let me go a little more in depth in what the “quick and dirty” forecasting model […]

Gaza Cancer Hospital Deliberately Blown Up

It appears Trump will get his Mediterranean vacation site where only the rich can be. Israel blows up Gaza’s only specialized cancer hospital in massive blast. Israel-Palestine conflict News, Al Jazeera Israel has blown up Gaza’s only specialized cancer treatment hospital, as well as an adjacent medical school, drawing condemnation for again targeting a medical […]

Regional new orders deteriorate; sales still lead inventories

 – by New Deal democrat No significant new economic news today, so let me follow up on Wednesday’s post about production and sales. The high frequency indicator I follow on the manufacturing side is the new orders components of the manufacturing indexes published each month by five of the regional Feds. As I wrote Wednesday, these […]

The shame of Columbia University

Not quite the same as in the sixties when colleges were defiant to government intervention. And there were presidents and other government officials who would intercede on campuses. Kent State was the site of deaths and shooting of students by an untrained military who were in too deep over their heads and acted out of […]

Minting next-gen industrial plastics with engineered bacteria

In the film “The Graduate,” Benjamin Braddock (played by Dustin Hoffman) has just graduated college. His prosperous parents and elders are anxious to see him do well in life, so they pepper him with career suggestions. In a swimming pool, Mr. McGuire tells Ben: “One word: plastics.” These days, plastics are in bad odor, primarily […]

“Government is not prepared to disclose further national security or operational security details”

As Joyce Vance states, “that’s not how it works. If a judge is considering whether a party, especially the government, is in contempt of an order, the judge gets whatever information they need. Otherwise, it is contempt.” Deportations: It’s not where it starts, it’s where it ends, Civil Discourse Just ahead of the hearing scheduled […]

DOGE is coming after our food supply

Lots of the food on your grocery shelves is imported. It has to be inspected, both for safety and to prevent the importation of agricultural pests that could destroy domestically grown crops. Fire the inspectors and you put everyone’s food future at risk. ““It’s causing problems left and right,” says one current USDA worker, who […]