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

Global Warming and Climate Change

Interesting topic. I believe many of us could learn a bit more about the impact we have on our environment. The COP30 climate conference was held this year. This is where world leaders try to hammer out solutions to the growing climate crisis. This year the U.S. also boycotted that gathering. Tru_p is all in […]

“Fossil Fuel Producers and Green Energy Advocates”

“Global Battle Royale at COP30 between Fossil Fuel Producers and Green Energy Advocates,” Informed Comment – Juan Cole Ann Arbor (Informed Comment) . . . Fiona Harvey at The Guardian reports from the COP30 climate conference that a bloc comprising such countries as India, China, Saudi Arabia, Iran, Egypt and Bolivia (under its new right-wing President Rodrigo […]

September jobs report: a positive – if stale – report

 – by New Deal democrat First things first: the jobs data we received this morning, like the official data reported earlier this week, is “stale news.” The period canvassed giving rise to this data was over two months ago. As such, aside from the fuller texture which it provides to us, the most important question is […]

Why Would Increasing Sales Be an Indicator for a Poor Economy?

More likely than not, buying at WalMart indicates such because the costs are less. Even now when prices are up, WalMart may still be the place to shop. People may be buying off brands and poorer cuts of meat, Spaghetti may be on the menu more often. “Walmart Q3 earnings show a distressed American consumer,” […]

Jobless claims: new four year high in continuing claims

 – by New Deal democrat While this morning’s much delayed September jobs report was the big news of the day, the DoL did resume their normal weekly reporting of unemployment claims, so let me in turn resume my normal weekly note of them. Initial claims declined -8,000 to 220,000 while the four week moving average […]

Does Government Military Spending “Fund” Shareholder Dividends, Buybacks, and Concentrated Wealth?

Short answer: yeah. The long answer is . . . longer. – by Steve Roth Originally posted at Wealth Economics There are a lot of pathways and mechanisms in the US and worldwide that deliver wealth to assetholders, and that have perennially concentrated that wealth (hence power) into the hands of dynasties over millennia — notably over […]

Partially updated jobless claims data suggest unemployment rate at or near top end of 2025 range

 – by New Deal democrat There was no new official data reported this morning, including the normal monthly report on housing permits, starts, and construction. Yesterday the Department of Labor did partially update several weeks of jobless claims data, which helps us estimate what might happen with the unemployment rate when the September jobs report is […]

August factory orders rebounded from early summer lows

As with yesterday, the good news is that important official economic data is being reported again. The bad news is that it is very stale, as in covering last August. – by New Deal democrat Still, one important area that private data did not cover well during the shutdown was orders and spending on durable goods, […]