November Jobs Report: good month, same caveats HEADLINES: +228,000 jobs added U3 unemployment rate unchanged at 4.1% U6 underemployment rate rose +0.1% from 7.9% to 8.0% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now: rose +53,000 from 5.175 million […]
Lifted from comments Denis Drew points us to: Americans are drowning in debt. Here’s where they have it the worst. By Christopher Ingraham, December 8 at 1:58 PM https://www.washingtonpost.com/news/wonk/wp/2017/12/08/americans-are-drowning-in-debt-heres-where-they-have-it-the-worst/?utm_term=.45e91dd1c24f “Nationwide the data shows that 33 percent of Americans hold debt that is currently in collection. The median amount of debt in collections is $1,450.” “At […]
A Little History of the legislator who wrote the bill: Chair of the House Appropriations Committee since 2017, Rodney Frelinghuysen’s campaigns have been funded by the aerospace, defense, pharmaceutical and health care industries. On domestic issues, he opposes legalized abortion, Planned Parenthood, sanctuary cities, and federal regulation of greenhouse gas emissions. He endorsed Donald Trump […]
Politico points to major tax cut headaches to come: Other issues arise from the fact that lawmakers are mostly skipping the custom of having a transitional period between current tax rules and the new ones, in order to give the public time to adjust to the changes. The House bill also includes a whole new […]
David Zetland writes at Aguanomics Stop talking affordable water and start talking poverty Circle of Blue published this long, aggravating article of the efforts of activists, water managers and (far too many consultants) to “find a compromise” on the price of water that will cover system costs without “burdening the poor.” Let me solve this […]
I cannot speak for the credibility of the Asian Human Rights Commission, nor about this story they published entitled Pakistan: The last nail in the coffin of democracy. However, it does ring true to me based on other material I have read in Western media. To quote liberally, if not to lift wholesale: The year […]
An astute progressive critique of the Trump Administration from … CNBC?!? John Harwood of that well known lefty outlet, …. ummm, CNBC …. writes this morning that “Trump has Forgotten his ‘Forgotten People’:” He forgot them on health care. Jettisoning his campaign pledge to “take care of everybody” regardless of income, he proposed cutting federal health […]
I have watched Ken Houghton, Tom Bozzo, and Daniel Becker out on Facebook and have sometimes made a few not to serious remarks. Similar interests. There are some I just associate with who like to engage in politics which I usually ignore. I go out of the way not to engage with people because you […]
by Hale Stewart (originally published at Bonddad blog) ISM Reports Show Broad Economic Strength: Latest Nowcasts are Strong The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish: The service […]