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

U.S. economy grew at a 2.8% pace (second estimate)

The U.S. economy posted a solid though slightly disappointing (?) period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown. With the expectation of attempting to slow inflation, I would think a 2.8% rate of growth would be welcome in light of the Fed waiting […]

November Problem Inflation Sectors? Shelter and Transportation Services

November consumer inflation remains well-contained except for the two most lagging sectors of shelter and transportation services – by New Deal democrat Let me pick up where I left off yesterday discussing trends in consumer prices. One thing I have done every month for the last couple of years is to review all the categories […]

Half of U.S workers Will Live in States with at Least a $15 Minimum Wage by 2027

Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027, Economic Policy Institute In the 2024 election, Alaska and Missouri voters approved ballot measures to increase their state minimum wage to $15 an hour in the coming years. Now 15 states and Washington D.C. either have or […]

Misapplied Property Tax Economics

Mistake in Administering Property Taxes Results in a 1200 Percent Increase? This reads like something in a tabloid. However, it is occurring in an Illinois county. Montgomery County Assessor Kendra Niehaus discovered the assessment was being calculated incorrectly. A tract of woodland should have a tax rate applied to 33.33% of its fair market value. […]

Who pays?

Recently, Anthem BCBS rescinded its policy of limiting the amount of anesthesia it would pay for during operations. The policy conjured images of patients waking up before the end of their operations, or later being confronted with unexpected bills. But allegedly, that’s not the intent: “Anesthesia services are billed partially on the basis of how […]

The case for accelerating inflation is weak

 – by New Deal democrat No economic news again today. Tomorrow we will get the CPI report for November. As to which, I have read a few posts in which the claim is made that inflation, especially core inflation, is picking up again. It certainly could happen, but in my opinion the evidence for such a […]

With a Decline in Interest Rates, Home Sales Went Up in October

I believe it was about 4-5 years ago, we decided to move from our of 2600 square feet on 2/3rds of an acre. We also wanted to get to some place warmer. We did eventually do both and not exactly where we wanted. The first year we went exploring in the areas around Phoenix and […]

Two-Thirds of the Growth in High Intensity Hospital Stays Not Explained by Changes in Patient Demographics or Pre-Existing Comorbidities

This is something Angry Bear has been following for a few years. A person may go to the doctor for one issue and the office wants to expand the visit to other supposed issues. An example being having a comprehensive blood test two months previous and their wanting to repeat the same blood test. The […]

A Measure of Poverty in the United States

We often talk about poverty and people living in poverty as measured by the government, Then, we set policy with regards to them. We never quite realize the impact of the programs on the people on the receiving end. A brief recital of facts and figures in charts. I also do not believe we get […]