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

Kroger Posts Massive Profits Amid Price Gouging Outcry and Merger Push

More on Kroger push to merge Albertsons into its array of stores. This comes after Appollo Funds and Cerberus Capital Management have milked it for $billions. The $24.6 billion deal [1], largely benefiting Albertson’s private equity owner Cerberus Capital Management, is seen by many as a maneuver to maximize investor returns rather than to provide […]

The Fed and the Press Should Stop Inflating Inflation Expectations

by Steve Roth Originally Posted at Wealth Economics (June 2023) Recent headline inflation prints are below the Fed’s target, and falling. That news is a powerful tool for controlling expectations, but the Fed’s not using it. 1.5%. That’s the latest headline inflation rate in the U.S. per the May CPI release, and also according to […]

Another Perspective of the Harris-Trump Meeting

I was hoping Prof. Heather Cox-Richardson would comment on the Harris-Trump meeting. In her first sentence Prof. Heather states it all about Trump’s approach in meetings. She discusses Clintons and Biden’s foibles in the next two sentences. The following paragraph states it all . . . “how to counter Trump’s dominance displays while also appealing […]

Enforcing a Supreme Court Ethics Code

It is about time, Congress puts in place an ethics code for judges, Justices, and themselves. If you do not believe this is needed, read this: “Supreme Court Justices Accepted Hundreds of Gifts Worth Millions of Dollars,” Angry Bear. All told, the number of gifts FTC identified that were accepted by the current nine, plus […]

Albertsons’ CEO claims text deletions weren’t intentional, concedes 1700+ may be gone

Last week CEO Vivek claimed most of his text messages were automatically deleted. Also and previously investigators were show messages going back and forth between players in this issue. Investigators asked those messages be kept. Apparently, those too have disappeared or portions of them have. It appears Albertsons has been milked by private entities Cerberus […]

Anyone Watching Catlin Clark’s Rookie Year?

If not, you should be . . . The concentration is on Catlin and how to stop her. Opposing players are using tactics as simple as running into her and knocking her down. Tangling arms and wrestling the ball away are in vogue to disrupt her play. Since it is pro-basketball, more is allowed. Still, […]

More of the “Economy Is Bad” Under Biden Series

 I guess if it is said enough times it has to be true or does it have to be? The Biden rescue since he took office is far better than what we experienced in 2008 onward. Yet Another in the Economy Is Bad Under Biden by Dean Baker CEPR Like other major news outlets, the […]

Meat and Poultry Is Wildly Expensive Now — and It Could Be Due to Price Fixing

This appears to be similar to what I wrote about recently, An A1 Price Fixing Dream. You Know It’s There. But You Can’t Prove It. – Angry Bear. You have an entity collecting information, categorizing it, and then supplying the information to other entities so they can set pricing. In this case with meat and […]

Something Different at Angry Bear

But for a few coincidences in Life, this is probably what I would have been doing. More than likely, I did not have the vision Wright or the others studying with me. I found my niche elsewhere. One can dream, can’t they? It is an interesting piece by Lloyd. It would be fun just to […]

“Where Do You Get Your News”

This is a second hand story about my brother in law’s experience in a Giant (TM) Supermarket checkout line (I guess he should guest post this). He saw someone checking out wearing a Trump Shirt and started a conversation (he’s like that) mentioning that he was voting for Harris. The Trump supporter said that BIden […]