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

Real personal income in May was recessionary (again); depleting savings (temporarily?) “saves” the day

– by New Deal democrat The third item from this morning’s torrent of economic data I want to address is personal income and saving. I’ll update the spending side tomorrow, including an updated look at motor vehicle sales, which were also released this morning. On a nominal basis, personal income rose 0.7% in May, as […]

Increasing Black men’s educational attainment and other hard skills are likely to be helpful . . .

but they will not solve the problem. The cause of the low employment rate is not due to a lack of hard skills. A good piece examining the difference in employment between Black men, Hispanic men, etc, and white men. Even with an equivalent education as others, Black men employment is less than other groups. […]

“you don’t need a weatherman to know which way the wind blows” Updated . . .

To answer the question of why Dylan’s comment now? I was a child of that era, (I can quote this). For all of you out there who prescribe to your military service as a necessity to be citizen and complying to the draft or enlisting? I really do not believe you have to do so. […]

Favoring the Status Quo

Don’t need much of an explanation to introduce this piece . . . Who gets to decide? “How US Policymaking Institutions Reinforce Inequality and Favor the Status Quo,” Roosevelt Institute The Powers: The policymaking institutions established by the US Constitution are extreme in their capacity to impede policy change. Four characteristics explain why: (1) a […]

Whisky Pete FAFO

George Washington famously required his army to be innoculated against smallpox. Not because he was woke, but because he understood how devastating this viral infection could be and how protective immunity was. Whisky Pete, knowing more than our founding father and first president, made the flu vaccine optional. How’d that work out? “Last week, news […]

Respect and the Vulgar Class

I do not know how others are raised in their families. You can get an idea by watching how they act with others and yourseld for that matter. With an Italian mother and grandmother as well as a strict father, we were taught to respect others, their customs, and adults. It does carry over into […]

Consumer spending has turned red hot – expect no recession in the immediate future

 – by New Deal democrat Well, I was working on one nerdy long-term historical post this morning, when I decided to check the weekly update on consumer spending from Redbook. And, as you’ll see below, that was the end of that! (I may yet follow up this afternoon. We’ll see.) Last week, Redbook consumer spending was […]

Population Growth and Change

The changing population i terms of older versus younger people or labor will or could have a significant impact on the United States. If you remember, Angry Bear had posted on the issue several times. One of those commentaries was “300 Million and Counting” by Joel Garreau (written in 2006). Replacement rate then was at […]

Rural Health Programs

Building up healthcare availability in rural communities is a great idea. As I have shown in previous posts, healthcare in rural areas should be a priority for the United States. Availability is lacking, at a minimum, or is not as local as it should be. Commonwealth Fund examines the issue in rural areas and how […]