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

Weekly Indicators for November 16 – 20 at Seeking Alpha

 – by New Deal democrat Weekly Indicators for November 16 – 20 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Nothing definitive yet – after all weekly data is going to be noisy – but there is some indication that the recovery in coincident conditions in the economy have ceased to make […]

Republican Renegade Emulates Warren’s Student Loan Cancellation, It is Still Problematic

First a story, then an introduction to Student Loan Justice Org. and Their Town Hall Meeting November 20th, and finally some cold hard facts from founder Alan Collinge about what is happening to millions of people who have student loans. Your Angry Bear blogger and activist went to a garden party in Michigan in support of […]

Lack of inflation in September consistent with weak demand; real wages increase, but will the pandemic derail the gains?

Lack of inflation in September consistent with weak demand; real wages increase, but will the pandemic derail the gains?   Consumer prices were unchanged in October, both on a seasonally adjusted and unadjusted basis:     But while the lack of inflation is good news in isolation, the last two months can also be viewed […]

Student Loan Debt Crisis Town Hall – November 20, 2020

Friday, November 20, 2020 3:00 PM (EST) Student Loan Debt Crisis Panelists include: PAUL GRONDAHL – Director New York State Writers Institute (host) MATT TAIBBI – Author, Rolling Stone Magazine, Reporter (moderator) Michael J. Camoin – Videos For Change Productions, SCARED TO DEBT (filmmaker) ALAN COLLINGE – Founder of StudentLoanJustice.Org (activist) CATHERINE AUSTIN FITT – […]

Distribution

These days, the nation, the world, is faced with the problem of how to distribute wealth, wealth that is being created using less and less labor input? How to distribute the profits from highly capitalized, highly automated, production? Unions, that had been much a part of the solution to the distribution problem in the early […]

Voting by Mail and the Next Election Meltdown – A Prophecy

Steve Hutkins at Save The Post Office, October 31, 2020 This post was written in 2016 and slightly updated on Oct. 31, 2018, exactly two years ago today. The update started like this: According to this AP report today, alarms are already being raised about the rejection of many mail-in ballots in next week’s elections. […]

New Deal democrats Weekly Indicators for October 26 – 30 2020

by New Deal democrat Weekly Indicators for October 26 – 30 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Neither of the two constraints determining where the economy will go in the next few quarters are economic themselves. Rather, they are (1) the course of the pandemic, which will in turn be […]

Stop Girdling the Post Office

Mark Jamison, Retired NC Postmaster at Save the Post Office, October 29, 2020 In forestry the practice of tree girdling is well known. Although there are some circumstances where this can be a useful practice, in most cases the technique is used for nefarious ends. Girdling involves removing the bark and layers below the bark, […]

How much would it cost consumers to give farmworkers a significant raise? A 40% increase in pay would cost just $25 per household

Economic Policy Institute offers context for wage increases for farmworkers: How much would it cost consumers to give farmworkers a significant raise? A 40% increase in pay would cost just $25 per household The increased media coverage of the plight of the more than 2 million farmworkers who pick and help produce our food—and whom the […]

Jobless claims: a very positive reversal

Jobless claims: a very positive reversal   This week’s new jobless claims report not only reversed last week’s increase but declined below 800,000 for the first time on an *un*revised basis. I say that because revisions from two weeks ago now have that week as the lowest since the pandemic struck.  [NOTE: California has restarted […]