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

Selection

Selection by Ken Melvin The times they are a changing. And they are changing at pandemic speed. Five months ago is ancient history. Now is a but a fleeting interval. From now, the future. What will our world look like six months from now? What will it look like in three years? So much for […]

Biden Proposes Ending the GILTI Loophole

Biden Proposes Ending the GILTI Loophole Alex Parker covers an interesting and important tax policy issue: Former Vice President Joe Biden’s recent proposal to secure medical supply chains in the wake of the COVID-19 pandemic includes tweaks to the 2017 federal tax overhaul, reigniting the debate about whether its international provisions are pushing manufacturing facilities offshore  […]

Economists and Inequality

by Joseph Joyce Economists and Inequality Binyamin Applebaum of the New York Times has written a book, The Economists’ Hour: False Prophets, Free Markets and the Fracture of Society, in which he claims that economists are responsible for the increase in income inequality in the U.S. I thought this charge was off the mark and wrote a reply. […]

Initial and continuing claims, JOLTS show labor market “less awful” improvement continues – for now

Initial and continuing claims, JOLTS show labor market “less awful” improvement continues – for now Weekly initial and continuing jobless claims have been giving the most up-to-date snapshot of the continuing economic impacts of the coronavirus on employment. This week continues the trend of slight improvement (or, more truly, slightly less awful). Below are initial […]

Favoring Hi-Tech Tax Cheats Over Consumers of French Wine

Favoring Hi-Tech Tax Cheats Over Consumers of French Wine Hoping to buy a nice bottle of French wine? Doug Palmer of Poltico has some bad news for you: The Trump administration announced Friday a 25 percent tariff on $1.3 billion worth of French handbags, cosmetics and soaps in retaliation for a digital services tax on U.S. internet […]

Initial jobless claims improve slightly; continuing claims resume decline

Initial jobless claims improve slightly; continuing claims resume decline Weekly initial and continuing jobless claims give us the most up-to-date snapshot of the continuing economic impacts of the coronavirus on employment. More than three full months after the initial shock, the overall damage remains huge, with large spreading new secondary impacts. The positive news is […]

What Will History Say

———————————————————————–||———————–         The Past                                                                  Now             The Future What Will History Say by Ken Melvin When the new US History books come out in 2040, […]

Meanwhile potable water becomes more of a problem for Americans

From The Guardian: In 2010, the UN declared clean water to be a human right. Yet a decade later, millions of Americans lack basic indoor plumbing, more than 100 million are exposed to toxic chemicals in their drinking water, and water bills have risen by an average of 80% across 12 US cities, in a cascading crisis […]