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

What Tr__P’s BBB is Going to Do to Those Who Can Least Afford What is Going to Happen . . .

I do not see much commotion about this occurring. It is almost like an “oh well” moment as people sit back and wait for it to happen. Yesterday, I gave readers a table of contents for three separate posts as itemized here: “Rural Hospitals at Risk of Closing,” Angry Bear. The prior sentence listing the […]

Anti-worker policies, Crony Capitalism, and Privatization Keep the South locked out of Shared Prosperity

How anti-worker policies, crony capitalism, and privatization keep the South locked out of shared prosperity: Rooted in Racism and Economic Exploitation: Part Five, Economic Policy Institute EPI’s Nina Mast covers how Southern lawmakers blocked shared prosperity by neglecting basic worker protections and disinvesting in social safety net programs while offering hefty subsidies to corporations, privatizing […]

Personal Income and Outlays, May 2025, BEA

Personal Income and Outlays . . . “Personal Income and Outlays, May 2025, U.S. Bureau of Economic Analysis,” BEA Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion […]

Tesla update

According to Tech Viral: “Tesla has abruptly stopped Cybertruck and Model Y production, triggering a nearly 3% stock drop to $348.29, as shown in the finance card above. “The pause, Tesla’s third Cybertruck halt this year at its Austin Gigafactory, compounds delays in Robotaxi plans and Elon Musk’s controversies. “As EV competition intensifies, Tesla’s frequent […]

May personal income and spending: consumer payback for Tariff-palooza! is a B!t©h

 – by New Deal democrat The last significant data for the first half of 2025, personal income and spending for May, was released this morning. It was the first month that reflected the impact of Tariff-palooza!, and boy howdy was it impacted. Not a single metric was positive. One metric was unchanged; everything else was negative. […]

Uncertainty on Tariffs by the President May have Caused a Delay of a Fed Rate decrease

It is almost laughable. TR__p’s wishy-washy back and forth on tariffs may have have caused the Fed Chair to delay a decrease. It sure sounds or reads like it. Federal Reserve Chair Jerome Powell told lawmakers this last Tuesday, the recent economic data would have likely justified continuing to lower the Fed rates if not for concerns […]

Should Student Loans Be Forgiven?

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 […]

Jobless claims indicate employment market continues to weaken, but still not recessionary

 – 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 […]

The National Science Foundation is homeless

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. […]

Hospitals at Risk of Closing Due to Funding and Due to Costs to Deliver Healthcare

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 […]