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

New Deal democrats Weekly Indicators April 1-5 + an update of the quick and dirty recession indicator

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. You may be surprised to learn that despite the 10%+ stock market crash on Thursday and Friday, my rating for the short leading indicator of the S&P 500 is still “neutral.” That’s because the market is extremely volatile. There was an all-time […]

Balance of Payments Primer, Part I

– by Paul Krugman And why you shouldn’t panic over trade deficits AB: I offer no opinion of Krugman’s thoughts here. Although Paul does state; having a president obsessing with trade imbalances does create issues for the US and the population. To balance out Trump’s obsession, the administration has economists willing to provide arguments to […]

Speaking Out on Columbia University

Contributor: Capitulation to Trump spells inordinate danger, Los Angeles Times Guest Writer at LA Times Erwin Chemerinsky, an acquaintance of mine too. We all learned long ago, perhaps on the playground, that giving in to a bully only makes things worse. That is why it is shocking to see capitulation on the part of those […]

What is going on in Europe these Days

This is a brief Raw Story clip about Ukraine and Europe. Authenticity? I am not sure. As far as the characters in this clip, Zelinsky has much to lose and the other two (Trump and Putin) will offer up Ukraine with Putin having much to gain. Russians in Ukraine are transplants. Real estate attorney, property […]

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 […]

Workers Are Not ‘Waste’ And Firing Feds Will Not Lower Prices

Short piece, but the point is clear. There is not much to be gained by going after Labor even if they are part of the Federal Government. There are better ways to administer some programs which will save $billions. Senators and Representatives are not efficiency conscious when promoting their states and communities. Nor are their […]

Wielding Spending Power He Does Not Have The courts must stop it

“The courts must stop Trump.” Opinion The Sacramento Bee, Erwin Chemerinski One of President Donald Trump’s greatest threats to democracy is his effort to take control over the spending of federal money. Under Article I of the Constitution, the spending power is vested in Congress. The president has no power to put additional conditions on […]

Just a Score Board on Trump Court Cases and Counting

– March 12, 2025: “Judge blocks Trump administration from terminating $14 billion in ‘green bank’ grants,” AP. A federal judge on Tuesday blocked the Trump administration from terminating $14 billion in grants awarded to three climate groups by the Biden administration, saying the government’s “vague and unsubstantiated assertions of fraud are insufficient.” The order by U.S. District […]