(Dan here…one of David Zetland’s students Lenaide writes on groundwater…a reminder of what also matters during this heated political climate, and from a younger generation) A threatened groundwater source Lenaide writes* Imagine living in a city located on top of the largest groundwater source and longest river in France, but to also have both of […]
The Debate within Unions over Health Care is about the Nature of Unionism Itself Casual observers of the political scene got an insight into union politics when a small storm erupted over a flyer distributed by Nevada’s Culinary Union attacking Bernie Sanders and his Medicare for All proposal. Politico has a piece surveying similar disputes in other states […]
Alan Collinge of StudentLoanJustice.Org” and I go back a long ways. I have sponsored his posts at Angry Bear. Other sites have done the same. The point to all of his words in unfair practices by nonprofit and for profit higher education schools with regards to student loans before and after college. There is no […]
Housing continues to surge Low interest rates continue to fuel a strong upsurge in new housing construction. I’ll put up a more detailed post later, but for now simply note that housing permits, both overall and for the less volatile single family housing component, made new expansion highs, at levels not seen since 2007. Housing […]
What Is “Democratic Socialism”? Probably the best answer is whatever Bernie Sanders says it is as he is by far the most famous person ever to adopt this term as a label for his beliefs. There is a group in the US bearing that name, the Democratic Socialists of America (DSA), which has been in […]
Bloomberg’s Plan for Reskilling America: The Quid without the Pro Quo The Intercept usefully preports Michael Bloomberg’s proposals for higher education, focusing on plans to upgrade workforce skills along the lines desired by employers. Here’s the selection they excerpted that covers this, worth reading carefully: There’s a lot here that would be useful to businesses located […]
The Philly Fed state-by-state diffusion index of economic expansion This comes from the Philly Fed’s state-by-state coincident index, via Bill McBride. The graph below shows the number of states showing increasing economic activity: In December the number of states in expansion was 39. Historically over the past 40 years, that number dropping to 35 or […]
Live-blogging the Fifteenth Amendment: January 28, 1869 Note: I have fallen a little behind, due to traveling. My apologies! I am making a concerted effort to catch up. Today’s installment is particularly important on the issue of gerrymandering. On January 28, Rep. Charles Stewart, a Republican from New York, spoke with reference to the proposed […]
December 2019 real personal income and spending Real personal income and spending are both coincident indicators. They don’t tell us where the economy is going, but they do give us a snapshot of how ordinary Americans are doing. In December, real income declined by less than -0.1%. Real spending rose by less than +0.1%: Figure […]
Everybody’s Talkin’ ‘Bout Taxes–especially Wealth Taxes and Mark-to-Market of Capital Gains Not surprisingly for those of you who are members of the ABA Tax Section, there is a meeting of that group next week in Florida when a thousand tax lawyers (give or take a few) will be talking about everything from basis to wealth […]