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

Rail lines and Unions head off a potentially devastating Strike

If you believe railroads do not count much anymore in the American economy, you need to rethink your thought. For a major automotive company, I was coordinating shipments to and from Asia via container, rail, and ocean. It was not that hard if you understood the lead times, customs, shipping and rail, and the bottlenecks. […]

Weekly Indicators for September 12 – 16 at Seeking Alpha

Weekly Indicators for September 12 – 16 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Gas prices have continued to decline, with almost the entire Ukraine war spike gone. Meanwhile Tuesday’s core CPI reading sent the bond market into a tizzy, with interest rates going back up to […]

Banking for the People

“Banking for the People: Lessons from California on the Failures of the Banking Status Quo,” Roosevelt Institute, Emily DeVito Introduction The current banking system in the United States and its fine and fee-heavy profit model is a barrier to economic entry and financial security for millions of individuals and families. Especially a barrier for those […]

US Public Opinion on Income redistribution

I am going to give a hostage to fortune. I am going to guess that the preferred policy supported by a majority of US respondents on questions about redistribution of income is that which would directly serve the narrow short term economic interests of a (probably different but overlapping) majority of US respondents. I am […]

China and the Debt Crisis

by Joseph Joyce China and the Debt Crisis Sri Lanka is not the first developing economy to default on its foreign debt, and certainly won’t be the last. The Economist has identified 53 countries as most vulnerable to a combination of “heavy debt burdens, slowing global growth and tightening financial conditions.” The response of China to what will be […]

Identifying the policy levers generating wage suppression and wage inequality

 Lawrence Mishel and Josh Bivens  at Economic Policy Institute take a look at why wages have been relatively flat compared to productivity gains in the US economy, inequality of compensation, and declining share of income between labor and capital. Broad strokes but helps with context and suggesting ideas for current government actions. Inequalities abound in the U.S. […]

Pride, Chaos, and Kegs on Labor’s First ‘Day’

A bit of history leading up to the creation of Labor Day as a holiday, the first day of celebration, the politics, how it came to be, and the politics as told by Prof. Heather. That first celebration being held September 5, 1882; at noon that day, when the marchers arrived at Reservoir Park, the […]

Inflation

In chemistry, and in physics, a positive feedback loop usually yields an explosion. In biology, it is a population explosion. In electronics, it might be an unpleasant screech. In economics, both housing bubbles and inflation are products of a positive feedback loop. In re Global Warming: The melting of permafrost due to Global Warming releases […]

irs.gov

The republicans are indignant as hell that the Inflation Reduction Act, née Climate and Healthcare Bill, would increase funding for the Internal Revenue Service (IRS). Since Reagan, republicans had been defunding it for them that brought them; them being the very rich who don’t like paying taxes. After the 2010 cuts, it had gotten to […]