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

College Costs

The Question? How Much Does College Really Cost? – by Phillip Levine EconoFact The Issue: Media coverage of the skyrocketing cost of college is pervasive. Sticker prices approaching $100,000 are jarring for anyone, but particularly for those with limited financial resources. And the sticker shock is not limited to the most selective private universities. Since the mid 90s, sticker […]

2nd Look at Local Housing Markets in December

– by Bill McBride CalculatedRisk Likely Sales up Year-over-year for 3rd Consecutive Month NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in December. I’m […]

40 Broken Promises+3 more

“Forty broken promises” from his 2016 tour of duty as the President plus three more over the next four years which will fall by the wayside too. Already learning about the recent promises which can not be kept or would result in worst conditions. What promises did h make and then backed away from after […]

The Struggle in Cattle Rumen and Against Global Warming

This post is mostly an effort to summarize this interesting but long article in The Washington Post. The TL TL/DR summary of the article is: archaea bacteria in rumens (one of the stomachs of cattle) produce methane which is a major contributor to global warming. Genetic modification of competing bacteria called duedenibacillus (which does not […]

CA wildfires and prescribed burns

Most of the media finger-pointing by Trump and his cult has been about sullying Gavin Newsom as a presidential candidate in 2028. Trump and Fox don’t actually care about the reason for the fires (anthropogenic climate change) or how to mitigate the consequences. Over at jabberwocking.com, Kevin Drum has a long but excellent summary of […]

New Deal democrat Weekly Indicators January 6-10 2025

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The big changes this week were the sharp increases in long term interest rates, along with similarly sharp increases in commodity prices and the US$. Some of this is due to a feeling that the economy is running “hotter” than recently thought, […]

Gross GDP and Personal Income by State

Summations: “Real gross domestic product (GDP): increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the ‘third’ estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent. Compared to the second quarter, the acceleration in real GDP in the third […]

What Prof. Heather had to Say on January 10 about Job Creation

Today the Department of Labor released the final jobs report of Joe Biden’s presidency. The nation added 256,000 new jobs in December, a number significantly higher than economists expected. That brings the total number of jobs created under Biden to 16.6 million and makes Biden’s the only administration in history to have created jobs every […]

Uneasy Lies The Head

All around the world, we are seeing heightened uneasiness; stress on governments, economies, and societies. What’s going on? A lot has changed these past few decades, some of which we know of, possibly understand a little. There may be others we are not yet aware of. We are learning more about global warming (a.k.a, climate […]