– by New Deal democrat Last month I started by report on construction spending by writing “ Construction spending for October also came in generally positive. On a nominal basis, total construction spending rose 0.4% to a new record, and residential spending rose 1.5%.” Well, you can forget that, because this month was one of those […]
Earned Labor Income Is a Small and Weak Lever. Unearned Property Income, and Wealth, Rule. – by Steve Roth Originally posted at Wealth Economics (Clicking (once or twice) on any of the pictures should enlarge them.) Economists and pundits have been cheered of late by the labor-share increase during the first couple of years of […]
America’s Forgotten Generation (of Prosperity) – by Paul Krugman Krugman Wonks Out How and why the postwar boom got memory-holed. So the don’t-know-much-about-history gang are at it again, asserting that the Gilded Age was an era of unique prosperity. I wasn’t planning on another post today, but this really needs addressing in a short note. […]
– by New Deal democrat Welcome to 2025! The data this year starts out with jobless claims for the last week of 2024, which of course is heavily influenced by seasonality. The news was mainly good this week, with claims declining -9,000 to 211,000, the lowest number in over half a year. The four week […]
Greed Is Immoral. Health Care Greed Is Abominable. – by Jim Hightower Creators.com America has endured a long panorama of corporate greed — from the East India Trading Company to the Robber Barons, Gordon Gecko Wall Streeters to Elon Musk. But down at the bottom of raw greediness today, you’ll find the insatiable profiteers of […]
Homeownership has been an issue in the US. This is mostly because of the rising prices, interest rates, and increasing property taxes, etc. Interest rates can stop you dead in your tracks even with a good income. If you do not put 20% down, they make force you to take out mgt. insurance and you […]
Fury at Private Power Giants as Puerto Rico Suffers New Year’s Eve Blackout, Common Dreams The latest failure of the Puerto Rico privatized power grid on Tuesday plunged much of the island into a blackout on New Year’s Eve, sparking fresh anger toward the system’s for-profit operators and political leaders who sold off the U.S. territory’s public […]
Upcoding Linked to Up to Two-Thirds of Growth in Highest-Intensity Hospital Discharges in 5 States, 2011–19, Health Affairs This is an abstract as I did not have access to the research article by Health Affairs. Besides the numerics also consider this is only for 5 states. Just something to be aware of and the magnitude […]
In the past . . . In September it appeared this get-together stood a good chance of not happening. things are being said that are not legally enforceable. Other thing occurring that are questionable. Let me see . . . Deleted emails, Albertsons CEO walks away with a $40-something million bonus if he can close […]
“Biden Can Fix the Anti-Worker H-1B Immigration” was written early on in 2022. It was not till recently a new Biden rule change is taking place for H-1B Visas. Of course, the problem with this change is how long will it last under a Trump – Musk presidency. I am sure the H1-B program is […]