It is unfortunate we do not possess a “Wayback Machine” to fix the issues we are experiencing with banks since 1986. Instaed we bumble again and again, making the same mistake over and over with banks. In a cartoon series called Peabody’s Improbable History, Mr. Peabody and Sherman would open the door to the past, […]
This article can not get any easier to read and explain how the economy survived a pandemic from 2020 onward and even into 2024. With the right actions by a president and supported by a Congress, the nation survived and it grew. In summation? The “economy has had a remarkable four-year run, judged against both […]
First, this report (GDP and Income) is almost three months old. The latest release: will be June 28, 2024. “Gross Domestic Product by State and Personal Income by State, 1st Quarter 2024.” Some detail establishing a base for the June 28, 2024 report which will cover 1st Qtr. 2024. Briefly: The BEA has updates on […]
by Merrill Goozner GoozNews Hospitals are pushing back on an experiment that would put providers on budgets. CMS should ignore their lobbyists and consultants playing games with numbers. Changing the way hospitals and doctors get paid is central to reforming our dysfunctional health care system. Payment reform can achieve better health outcomes, improve the patient […]
Extract from Thomas Jefferson to “Henry Tompkinson” (Samuel Kercheval) “I am not among those who fear the people. they and not the rich, are our dependance for continued freedom. and to preserve their independence, we must not let our rulers load us with perpetual debt . . . if we run into such debts as that we […]
The article as it stood was long and enduring. I do not believe many of the readers at AB would complete it. What I did is grab the intro and three graphs to make the point of, we are not doing enough to educate a workforce. Labor that can meet the demands of the future. […]
– by New Deal democrat Initial jobless claims rose significantly last week, up 13,000 to 242,000, the highest level since last August. The four-week moving average rose 4,750 to 227,000, the highest level since last September. And with the usual one-week delay, continuing claims rose 30,000 to 1.820 million, the highest since this January: There […]
by Steve Roth Originally Published at Wealth Economics Wealth concentration got just a tiny bit less extreme. The bottom 50% of American wealth holders got richer in the last three years: in 2021, ’22, and ’23 — not just in absolute dollar terms, but relative to richer folks. The percentage growth was faster than it […]
There are many comments about the increasing costs of automobile insurance. In Michigan, once the no fault insurance was dropped and catastrophic injury insurance was cut, the care of long-term care was edecimated. Many people with serious lifetime injuries were left to fend on their own after reduced payments to caregivers. Past payments to medical […]
May CPI continued to be all about shelter – by New Deal democrat Consumer prices in May showed no inflation at all, as a decline in gas prices helped the headline number come in unchanged. YoY inflation decelerated -0.1% to 3.3% – continuing in the narrow 3.0%-3.4% range it has been in for the last […]