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

50 Years Ago, Aug. 9, 1974

“50 Years Ago Today“ by Digsby Digby’s Hullabaloo #OnThisDay Aug. 9, 1974 President Nixon delivers farewell address to staffers: “Always give your best. Never get discouraged. Never be petty. Always remember others may hate you but those who hate you don’t win unless you hate them. And then you destroy yourself.”  pic.twitter.com/p6pQz1AQ6w— CSPAN (@cspan) August 9, 2024 […]

The horizon for the 2024 presidential election suddenly shortened from years to about three months

August 9, 2024 by Heather Cox Richardson AB: Is trump a liar ??? Letters from an American When President Joe Biden announced that he would not accept the Democratic nomination for president and endorsed Vice President Kamala Harris on July 21 less than three weeks ago, the horizon for the 2024 presidential election suddenly shortened […]

Climate adaptation options

by The one-handed economist Humans are not doing enough mitigation to slow — let alone reverse — climate change chaos. Average global temperature is now +1.2C, far above which is on track to exceed the 2015 Paris Agreement’s target of “holding the increase in the global average temperature… increase to 1.5 °C above pre-industrial levels”  by 2034.* In this 2011 post (“We’re […]

South Dakota’s Noem Releases Social Study Standards Burnishing American History

Noem releases social study standards to burnish American history, AP News SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem on Monday released a revised proposal for social studies standards in public schools that lays out a mostly shining vision of American history, after an initial draft of the standards came under heavy criticism […]

Initial jobless claims, ex Hurricane Beryl distortions, remain very positive

 – by New Deal democrat Officially reported initial jobless claims declined -17,000 to 233,000 last week. The four-week moving average rose 750 to 240,750. With the typical one-week delay, continuing claims rose 6,000 to 1.875 million, the highest number since November 17, 2021: On the more important YoY basis, initial claims were down -9.7%, while […]

Why the leading elements of the Establishment Survey in the jobs report still forecast expansion

– by New Deal democrat Continuing my catching up this week, let’s take a look in some further detail about why I didn’t think Friday’s jobs report portended recession – at least, not yet. As I always point out, the jobs report does contain some leading numbers. These are generally employment in more cyclical industries […]

Public transportation needs to be part of the global warming solution

There’s a lot of attention being paid these days to EVs and solar power, but there are plenty of other ways to decarbonize human activity. Public transportation is one. I’m certainly no stranger to public transportation. I didn’t have a car in college, so when I visited my grandmother in Johnstown or my sister in […]

FTC’s Lina Khan taking on Big Business

Commentary by Robert Reich popped up today in my mailbox. It is interesting to read. Apparently, Joe Biden’s appointment to the FTC is taking on corporate entities who have great influence in their portion of the economy. Or what Angry Bear and myself would call big business monopolies. The courts agreed with FTC’s Lina Khan, […]