An interesting piece by Paul Krugman. Never really looked closely at the Foundation. Too busy with other issues I have worked with over the years. Things such as supply chain, transportation, manufacturing, throughput analysis, etc. Not sure I would call the Foundation a fraud; but then, I do not have the bandwidth to make such […]

– by New Deal democrat On Friday I noted that real personal spending on goods, especially durable goods, had declined in September. If we have reached a tipping point on that metric, a recession in the near future looks much more likely, even as spending on services continues. Late last week we also got further evidence […]

Erica York – Tax Foundation For those keeping track at home, the President has said he is using tariffs to offset the cost of a long list of programs, including but not limited to the One Big Beautiful Bill Act, aid to farmers hurt by tariffs, income tax elimination, and $2,000 dividend payments. And now, […]

“Rate of Global Heating in the Arab World is Twice the Global Average,” Informed Comment The World Meteorological Organization has issued its annual report on the 22 countries of the Arab world, covering last year, and presents alarming conclusions about human-driven climate change in that region. 2024 was the hottest year on record in the Middle East, […]

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha There are some minor changes, but no big turns in trends. But the recent change in trend that has been further reinforced is the sharp deceleration in growth in withholding tax payments that began in October. The bulk of the evidence suggests that […]

My university offers tenured faculty over the age of 60 two retirement options: (1) a buyout, where the faculty gets a full year’s worth of salary and benefits in exchange for immediate retirement and (2) phased retirement, where the faculty can choose reduced salary (70%, 50% or 30%) with reduced responsibilities for up to five […]

– by New Deal democrat Personal income and consumption is one of the two big monthly reports on the state of the average American, in addition to the jobs report. This month it has the added virtue of being the “least stale” monthly report, as it was issued only five weeks later than scheduled. Ever since […]

Student Loans are something Congress likes to mess with as an issue. The issue being, students are making off with millions or billions of dollars. Nothing could be further from the truth. Student loans will follow people till their death whether they can pay it or not. Congress has no issues in troubling young students […]

This entirety of this piece by Commonwealth Fund covers more than a Jobs cutback. There is a definite meanness in this legislation by President Tru_p and Republicans. It is meant to skew tax breaks to people who do not need tax breaks at the expense of overall healthcare cuts. This will impact more than just […]

 – by New Deal democrat The good news is, we are back to the normal weekly jobless claims releases. The really good news is that this week’s number, except for one week in 2022, was a new 50 year low! The bad news is that Holiday seasonality is very much in play, so take the good […]