The real story revealed by the New York Times Trump tax returns bombshell is not that Donald Trump paid no taxes in 10 out of 15 years or that he paid $750 in 2016 and 2017. The real story is that he doesn’t have net income to service his debt. There is nothing inherently illegal […]
– by New Deal democrat Weekly Indicators for September 21 – 25 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. While the underlying economic data still looks positive, the possibility for disruption based on a full-blown Constitutional Crisis following the election can no longer be overlooked. As usual, clicking over and reading […]
In the 19th century, employers stove off employee demands by bringing in immigrants willing to work under existing conditions. In the 20th Century, consequent the Great Depression, prohibition of child labor, immigration reform, … it was no longer so easy for employers to ignore workers demands. Unions took root and membership grew and so did […]
Trump Wednesday refused to commit to a peaceful transfer of power if he loses in November. He is deliberately undermining confidence in the integrity of mail-in ballot results – mail-in ballots that are expected to favor the Democrats. According to a report in The Atlantic, the White House is laying plans to actively steal the […]
Though more different than alike, they do have a lot in common. All are, in some way, progeny of the microprocessor. Some were born in around Silicon Valley, others quite distant. The first generation was born in the US early in the last third of the 20th Century. The second was born near the end […]
by David Zetland (originally published at One-handed economist) Review: Bad Blood I’d heard about this book — the story of the rise and fall of Elizabeth Homes and her company Theranos — long ago, but I only decided to read it when preparing readings for my course, The World of Entrepreneurs. I wanted to understand her case, […]
by Joseph Joyce The Return of Global Imbalances? The global economic contraction following the pandemic has led to a massive fiscal response. Governments have acknowledged the need to increase spending in order to offset the declines in consumption and investment. The decreases in public savings can lead to rising current account deficits that offset the […]
Steve Hutkins of Save The Post Office updates us on the “Jones vs USPS” suit filed in United States District Court for the Southern District of New York. He has been live-blogging the events from Save The Post Office blog. September 21, 2020 Big news today: The plaintiffs have won a second suit against the Postal […]
2019: the year that the late economic expansion finally bore fruit for nearly all of society Yesterday (Sept. 16) the Census Bureau released its 2019 information concerning median household income and poverty rates. Unfortunately, this data is always released in September of the following year, so is already somewhat stale. Just for example, since the […]
by New Deal democrat August housing permits and starts bode well for 2021 economy As I mentioned yesterday, August housing starts and permits were reported. Since they are important long leading indicators, I promised an update. And here it is, up at Seeking Alpha. As usual, clicking over and reading should be educational for you, and […]