Can President Biden cancel student loans? Why not? Newly elected President Trump has every intention to pardon the October 6th insurrectionists. Most of the loans depicted in the graphs have been recast into new loans having the interest rolled into them. It created a misconception of these being new loans instead of older loans. This […]
Applications are “carefully reviewed” by a legal team to determine eligibility for debt cancellation, yep! What does continuous growing Student Loan Debt look like today? Federal Student Loan Portfolio by Age. The chart below only shows the last 4 years by Quarter. President Joe Biden has been attempting to grant relief to students. This is […]
November consumer inflation remains well-contained except for the two most lagging sectors of shelter and transportation services – by New Deal democrat Let me pick up where I left off yesterday discussing trends in consumer prices. One thing I have done every month for the last couple of years is to review all the categories […]
November jobs report: the expected monthly rebound masks deeper declining trends – by New Deal democrat To understand this month’s jobs report, let’s start with last month’s, where I wrote that “there were some signs of real weakness in this report that do not appear to be hurricane-related. But Hurricane Milton, as well as the […]
Jobless claims: neutral – with an extra grain of salt – by New Deal democrat As I cautioned last weekend in my “Weekly Indicators” update, we have entered that period of the year where Holiday seasonality means take everything with at least a little grain of salt. For example, this year Thanksgiving was almost one […]
The numbers of school bus drivers decreased by 12.5% from 2019 till 2024. Low pay has been much of the factor in driving the shortage. School bus driver earned 43% less than the median weekly wage for all workers. The shortage is a result of more than a decade of disinvestment in these workers and […]
But not in the way Mikie Johnson believes. “House Speaker Mike Johnson (R-La.) on Monday slammed President Biden for his decision to pardon his son Hunter, calling the move an abuse of the justice system. Johnson rips Hunter Biden pardon, saying trust in justice system damaged, The Hill ‘President Biden insisted many times he would never pardon his […]
– by New Deal democrat As usual, the month’s data begins with the ISM manufacturing index, and with a one month delay, construction spending. Because manufacturing is of diminishing importance to the economy, and was in deep contraction both in 2015-16 and again in 2022 without any recession occurring, I now use an economically weighted three […]
The Vera Institutes report on Jails and Prisons is accurate. I am basing this comment on what I know about them in the past. Obviously, things have changed over time. It is good to see a decrease. Perhaps they have found better ways to handle minor issues other than the county jail or state prisons. […]
– by New Deal democrat Let me finish catching up this week with a quick look at personal income and spending, which were reported on Wednesday. The “big” takeaway I’ve seen elsewhere is that inflation picked up, and maybe will complicate the Fed’s task. But I don’t see where it’s such a big deal. The […]