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

Coronavirus dashboard for June 28: comparisons with one year ago as “delta” spreads

Coronavirus dashboard for June 28: comparisons with one year ago as “delta” spreads Let’s begin this installment with a look at vaccinations by county from a different source that a reader pointed me to last week, COVIDactnow:  The urban/rural and Red State/Blue State divides are pretty obvious. Conor Kelly (whose work I was highlighting one year ago) also […]

Rising Oil and Natural Gas prices at 32 month and at 29 month highs

RJS at Marketwatch 666 reviews oil and natural gas pricing, June 28, 2021 Oil Pricing Oil prices set a new 32 month high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week. After rising 1% to $71.64 […]

Oedipus Marx and the Chimera of Socially Necessary Labour Time

Oedipus Marx and the Chimera of Socially Necessary Labour Time Karl Marx: “Pamphlet No. 1 ends with the statement: ‘Wealth is nothing but disposable time’” No, it doesn’t.  The pamphlet Marx cited was The Source and Remedy of the National Difficulties. The phrase, “wealth . . . is disposable time, and nothing more,” appeared on page 5 […]

Threatened

Living the Big Lie In the more insular areas of the red states, of all the states, some have been saying, thinking, and believing like Marjorie Taylor Greene since forever. In these areas, this narrative of Marjorie’s wasn’t unusual to the local ear; neither was what Trump was saying. Trump’s election in 2016, accorded the […]

May’s Personal Income Down 2.0%, Spending Unchanged

2 Months PCE Would Add 7.36 Percentage Points to Q2 GDP Angry Bear Commenter RJS and Marketwatch 666 blogger computes the impact of real PCE from this report on GDP and explains his math. The May report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go […]

Interesting News Events

Justice Dept. Will Toughen Rules for Seizing Lawmakers’ Data, Garland Says (msn.com) The Justice Department will tighten its rules for when law enforcement officials may seize information about members of Congress and their aides, Attorney General Merrick B. Garland said on Monday amid a backlash to the disclosure of a 2018 subpoena that swept in data from […]

The Need to Be Vaccinated Against Covid

Frequent commenter Professor of  Biochemistry and Molecular Biology, Joel Eissenberg discusses history of vaccinations and the need to be vaccinated. Why everyone needs to get vaccinated. Infectious diseases beset all living things, even bacteria. In the past ten thousand years of human history, there have been epidemics and pandemics of plague, smallpox, yellow fever, cholera […]

A “Summer Rerun – The Victory of Privilege”

Yves Smith is back at Naked Capitalism, having been out for medical reasons. Angry Bear and I wish her well in recouping and rehabbing. An Introduction; At Naked Capitalism, Yves posted a commentary from September 2018 on the topic of “Privilege.” Intertwined with her experience as a child growing up in factory-dominated towns to what […]

Coronavirus dashboard for June 23: And so, it (the delta wave) begins

Coronavirus dashboard for June 23: And so, it (the delta wave) begins [Note: New home sales will be reported later this morning, and I will post on that report afterward.]There is now more evidence that the “delta” variant of COVID is taking hold in the unvaccinated regions of the country, and case counts are increasing […]