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

April’s Producer Data

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666 Producer Prices rose 0.6% in April on Higher Wholesale Food Prices, Wider Margins for Transportation Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.6% in March, as prices for both finished wholesale goods […]

Record High Trade Deficit

Trade Deficit Increases 5.6% to Record High in March on Rising Imports of Consumer Goods, MarketWatch666, Commenter RJS Our trade deficit was at another record high in March, 5.6% higher than in February, as both our imports and exports increased, but our imports increased by more. The Commerce Department’s report on our international trade in goods […]

Alternatively

The executive increases the return to shareholders, in return they increase the executive(s) salaries; and so it goes. The Trump tax cuts were used by corporate executives to buy back shares; increasing the stock value, sending more along to the shareholders who then reward the executive(s) with bigger salaries. What’s missing? The workers. Time was […]

The USPS 10-year plan may have future rate increases

What the USPS 10-year plan may have to say about future rate increases, Steve Hutkins at “Save The Post Office“ The mailers were probably disappointed that the Postal Service’s new 10-year plan released yesterday, “Delivering for America,” did not reveal how big of a rate increase the Postal Service intends to make using the new authority it […]

On Gerrymandering

Every citizen of the United States has the right to be represented in both their state and federal governments by a representative chosen in a free and fair election. In a free and fair and election, each and every vote is equal. By definition a gerrymandered election is unfair because it favors one group of […]

Flood insurance

Via Truthout , (https://truthout.org/articles/flood-risks-are-rising-amid-climate-change-but-congress-is-delaying-action) comes a reminder of a perennial problem: Floods are the most common disaster in the United States. And the 2020 hurricane season was the busiest to date in the Atlantic — 73 percent more “active” than normal, The Washington Post reported, with a record number of storms breaking ground on U.S. soil, totaling $37 billion in damage. The frequency of what is […]

Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement

Via the Oklahoman comes this news on Republican state legislation. I believe Florida and other states are enacting radical ideology in more than the voting rights arena: Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement A groundbreaking settlement will fundamentally change the way charter schools are funded in Oklahoma, despite vehement opposition from the state’s top […]

What the USPS 10-year plan may have to say about future rate increases

Steve Hutkins at Save The Post Office continues with the documentation of issues and occurrences at the USPO. Steve presents a good take-down of what DeJoy’s plan is going forward. He is predicting a 3.6% increase on top of a CPI increase. There are two alternatives being presented, the Base case and the “Delivering for […]

Is Senator John Kennedy a Buffoon?

Republican Equates Gun Control To Attacking Sober Drivers, Crooks and Liars, John Amato The Republican argument strengthens the militaristic ones inhabiting states like Michigan. Empowered by the rhetoric coming from a Senator (Kennedy) or a President (trump) of the United States, they storm the capitol or plot the kidnapping of governors with little fear. John […]

Save The Post Office’s Service Performance Dashboard

Steve Hutkins at Save The Post Office Save The Post Office’s Service Performance Dashboard provides easier access to recent performance reports shared by the Postal Service with the Postal Regulatory Commission, Congress, the courts (as part of litigation involving mail delays), and FOIA requests. This capability is not readily available today. NB: This is not an official […]