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

What Secretary and former Fed Chair Janet Yellen proposes

Farmer and Farm Economist Michael Smith on latest proposed business policies which can impact U.S. Farming. Secretary and former Fed Chair Janet Yellen recently went on CBS in order to sell the changes to the tax code provisions that would trigger events yet unknown at the $600 level,  and potentially beyond. I’ll leave this proposal […]

Phone Service in a Prison Environment

The High Cost of Phone Calls in Prisons Generates $1.4 Billion a Year, Disproportionately Driving Women and People of Color Into Debt (businessinsider.com) It has been a while since I have tackled issues with the prison system in the US. Besides it being heavily skewed towards the color of a prisoner and the funding they […]

Oil Price highest since 2014; natural gas price falls from 12 year high – largest inventory build in 16 months

and gasoline exports at a 26 month low . . . Blogger and Commenter R.J.S., Focus on Fracking: “Oil price is highest since 2014; natural gas price fell from 12 year high after largest inventory increase in 16 months” Oil prices finished higher for the 7th straight week after OPEC decided to only add the […]

Eastman’s Memo giving Pence Direction on Overturning the 2020 Election

I did not believe I would have to put this up on Angry Bear. Prof. Heather Cox – Richardson in her Letter From An American, October 11, 2021; The Eastman memo, uncovered by Bob Woodward and Robert Costa at the end of September in their new book Peril, flew largely under the radar screen, explained away […]

Employers Added 194M jobs, U3 Down, PR Declined

Blogger RJS, Marketwatch 666, September jobs report September Summary Major agency reports released this past week included the the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August, and the August report on Wholesale Trade, Sales […]

Updated US wealth distribution data shows how bad the Great Recession and its aftermath were, and how effective the pandemic assistance has been

Updated US wealth distribution data shows how bad the Great Recession and its aftermath were, and how effective the pandemic assistance has been   The desert of new economic data this week continues today. But last week the Fed released its quarterly data on wealth distribution in the US, and it shows an important point […]

The war on the war on covid should make you worry about democratic stability

Consider these excerpts from a recent piece by Jeffrey Tucker at the Brownstone Institute with the understated title “The Purges Have Begin”.  Would someone who took these extreme, apocalyptic arguments to heart oppose efforts by a faction of ethno-nationalist Republicans to steal an election or entrench themselves in power? The policies have been bad enough […]

Obstructionism is its own reward

Over at 538, Nathaniel Rakich points out that Biden’s approval rating is continuing to decline, despite the fact that Afghanistan coverage has declined.  It’s hard to know what is going on here, but my guess is that two factors outside Afghanistan are important.  First, the pandemic is dragging on, and people tend to blame the […]