The government funding for public broadcasting is relatively small in the scheme of things. In total an ~ 1.1 billion. ~$535 million appropriated for fiscal year 2026 under the Further Consolidated Appropriations Act of 2024, and another $535 million under the Full-Year Continuing Appropriations and Extensions Act of 2025. It does play a role getting information out to […]
Been following this issue for a while. Pulled this from an Atlantic article from December 2024. In the 1980s, consumers did more than half of their grocery shopping at independent stores. This included both single-location businesses and small, locally owned chains. This changed in the 1980s. Convinced tough antitrust enforcement was holding back American business, […]
Posted commentary by Daniel Becker on Facebook “For those of you who think your taxes are paying for the undocumented immigrant. Actually, they are paying for you. How you say? Because they will never be able to receive the full benefits of the taxes they pay.” “More than a third of the tax dollars paid […]
– by New Deal democrat As we get towards the end of the month, the data from the important leading housing sector begins to be reported. This morning’s report on housing permits, starts, and construction continues the trend that has been in place for several years. For the month, permits (gold in the graph below) […]
Brief Piece by EPI with an introduction . . . In “How will Trumponomics work out?” the author contends Trump will be disappointed in the results of his planned tariffs. Just watching this from the sidelines. The tariffs appear to change weekly and take on the form of various percentage rates, weeks, and months at […]
I pulled this segment from a much longer commentary on PIIE. It was too long to post on Angry Bear. As it is, this segment is longer than what I wanted to post. A key to the commentary at PIIE by Oliver Blanchard is it was written in November 2024.The nation and Tr__p administration supported […]
– by New Deal democrat Consumption leads employment, and retail sales are the most timely monthly indicator of consumption. Indeed, population-adjusted real retail sales in the past have tended to turn negative one year or more before a recession has begun. In June, nominally retail sales rose a strong 0.6%. But because consumer prices rose 0.3%, […]
We made it out of a pandemic, a potential recession, and other issues which threatened the nation with Fed Chief/Chair Jerome Powell guiding the nation’s financial stability. The Fed did implement several policies to stabilize the financial system and support the flow of credit to households, businesses, and state and local governments at the onset […]
– by New Deal democrat Probably the brightest spot in the entire economy right now is initial jobless claims. Contrary to the general theme of deceleration which has been the case for several years now, initial claims appear to be breaking trend in the positive direction. Specifically, initial claims declined -7,000 last week to 221,000, their […]
– by New Deal democrat Industrial production is much less central to the US economic picture than it was before the “China shock,” since so much production moved overseas, meaning US consumers buy much more imported goods than they used to. Still it is an important if diminished coincident indicator. This morning’s report for June was […]