“even if Trump’s push to establish authoritarian rule is defeated, it will take many years to recover what we’ve lost.” I have been thinking of this all along. Domestically? Tr_mp has been breaking the nations gains down. What comes to mind is reducing the minimum wage for federal contractors, rolling back rules that strengthening overtime […]

I’ve written previously about the shortage of primary care physicians in the US. In principle, one way to address this shortage is to admit more international medical graduates as physicians. But an historic barrier to this solution is the requirement for US residency training. Some states are passing laws allowing international medical graduates if they […]

– by New Deal democrat I am currently on vacation, and as the shutdown continues with no end in sight, the only sources of economic data are from the Fed and its regional banks, the States (unemployment claims and sporadic updates on tax withholding), and private sources.  In other words, I might play hooky several days […]

– by New Deal democrat Among the economic data that is not being reported due to the federal government shutdown are initial and continuing jobless claims. Which, as I pointed out last week, is interesting because they were reported during the lengthy 2013 shutdown and for at least part of the 2018-19 shutdown. But both […]

Briefly: Prices are up. The unknown is whether and how much tariffs are impacting prices. Much can be influenced by news reports to the public. Prices did increase on imports. Are Tariffs Raising U.S. Retail Prices? Econofact The Issue: Tariffs on imported goods have risen steeply since President Trump’s second inauguration, to the highest level […]

We have posted information on Angry Bear before from various and different sources. We expect healthcare costs to increase. The article says 15 million will lose healthcare coverage. I have seen reports of up to 20 million will lose healthcare coverage. Many will lose coverage as a result of cutting Medicaid and loss of subsidies […]

The way to make money in medicine is to do procedures (colonoscopies, surgery). Primary care physicians, as a rule, don’t to procedures. They diagnose and, when necessary, refer to a specialist for procedures. So primary care physicians don’t make the big bucks. Med school graduates carrying loans from college and medical school are attracted to […]

None of this means people can default whenever they wish. It does mean the consequences for student loans is harsher than for commercial loans, etc. One example is our president. Trump’s bankruptcies amount to $billions. No one has said no to Trump, you have to pay it off. The reason being? He is entitled to […]

Thomas “Mustache of Understanding” Friedman assured us that globalization has leveled the economic playing field, facilitating competition and collaboration, making the world “flat.” So how’s that going? “Thousands of U.S.-bound packages shipped by UPS are trapped at hubs across the country, unable to clear the maze of new customs requirements imposed by the Trump administration. […]

EPI has a good article on Teacher salaries. I stole part of it to paste on Angry Bear The Teacher Pay Penalty reached a record high in 2024: Three decades of leaving public school teachers behind, Economic Policy Institute Over the past three decades, stagnant weekly wages of public school teachers have fallen further and […]