As of May 24, 2024, the SBA had forgiven over 10.5 million PPP loans to businesses, totaling ~$800 billion. Another 37,938 owe an ~ $4.6 billion) and are labeled potential clawback or a code 70 (potential claw back). Not so for student loans. These are the people who should have greater productivity at a younger […]
– by New Deal democrat Jobless claims continue to tell us two things: (1) the jobs market continues to slowly weaken, but (2) it is not recessionary. This week I’ve changed my graphing scheme slightly, to emphasize the less noisy four week moving average of initial claims, to better show the residual post-COVID seasonality, and to […]
During my career, I was principal investigator on three NSF grants. I also served on five grant review panels for the NSF. The NSF always struck me as a tightly run, parsimonious science agency. They are scrupulous about *not* funding biomedical research, so as not to compete with the much bigger National Institutes of Health. […]
I have used commentaries from the Center for Healthcare Quality and Payment Reform (www.CHQPR.org) previously at Angry Bear. While they do write about healthcare, they also cover the plight of providing healthcare. They would include medical personal rural hospitals, hospitals in general, costs of healthcare, and how the US government supports healthcare. Today, the issues […]
– by New Deal democrat This morning gives us the last of our three measures of home sales, prices, and inventory, new home sales. These are the most important of the three because while they are very noisy and heavily revised, they are the most leading of all housing metrics, and so they can tell us about […]
Earlier in the article, it is said . . . Over the past decade, more than 100 rural hospitals have closed. The result of the closures being millions of Americans who live in those communities no longer have access to an emergency room, in patient care, much less doctors. This is healthcare and hospital services […]
So far, the only “efficiencies” realized by DOGE have been (1) keeping Elon Musk’s name and image in the news and (2) the systematic destruction of federal programs and the expertise to run them efficiently. Like Elon’s SpaceX rockets, his DOGE has mostly failed on the launch. “On the first day of his second term, […]
– by New Deal democrat Yesterday the existing home sales report showed continued deceleration in YoY price increases to 1.3%, along with an increase in inventory of houses for sale, indicative of the ongoing rebalancing of the housing market. This morning’s repeat home sales reports from the FHFA and S&P Case Shiller strongly confirmed that deceleration and ongoing […]
It appears some bad times are coming for the United States. We are attacking the Labor that will do the jobs legal US Citizens will not do for the money paid to illegals and legal immigrants. “Ghost Farms of Texas: Why Hundreds of Farmworkers Suddenly Vanished, Leaving Crops to Rot” This sudden, unexplained exodus has […]
“The Current Iran War will Likely end soon, but the Arms Race will Heat Up” Juan Cole, Ann Arbor (Informed Comment). The Al Jazeera bureau chief in Tehran, Abdul Qader Fayez, reports from “informed sources” in Tehran that Iran’s clerical Leader, Ali Khamenei, and his National Security Council have still not decided how to respond to the […]