Hope Lives: Pressing Collins and Corker and Flake on Tax Bill The Republicans’ proposed tax legislation–whether the House or Senate version–is despicable. It will exacerbate the already devastating income and wealth inequality in this country, leave the federal government without adequate funds for real infrastructure and social safety net needs, and place in almost inviolable […]
Real wages stagnate YoY, decline significantly since July So lackluster has wage growth been that even the modest uptick in consumer inflation to 2.2% YoY in November means that non-managerial workers have seen virtually no real growth in their paychecks over the last 12 months. With yesterday’s +0.4% increase in consumer prices, here’s what YoY […]
Today is the fifth anniversary of the slaughter of the innocents at Sandy Hook Elementary School. 20 children between the ages of 6 and seven years old were shot dead as well as six adults who tried to protect them. All because this country’s politicians believes there is nothing which can be done to prevent […]
“The FCC voted 3-2 Thursday to repeal net neutrality rules, ending Obama-era regulations that prohibited Internet providers from blocking or slowing web content. Whereas all Internet traffic previously shared same ‘lane,’ it can now be split among different lanes with different speeds. Those differing speeds could hurt telemedicine since it requires a ‘pretty robust connection,’ […]
(Dan here…Lifted from Robert’s Stochastic Thoughts) Sunday, December 03, 2017 Republicans Reject the NFL, the CIA and the FBI I forget who said she never expected that, after the national divorce, liberals would get custody of the NFL. But it’s beyond that. Now Republicans reject the CIA and the FBI too. Donald Trump sometimes sounds […]
by Hale Stewart (originally published at Bonddadd blog) The Ugly Picture of US Wage Growth The chart above shows the Y/Y percentage change in the average hourly earnings of nonsupervisory employees. We can break this data down into two sections. Due to higher inflation and stronger unions, the pace of growth was far stronger before […]
The Utterly Terrible GOP Tax “Reform” Scam The Republicans in the House and Senate continue on their downhill rush to pass their so-called “tax reform” plan before the holiday break. It’s a mad rush to nowhere, a corrupt process of “please the oligarch” that will cause a huge deficit increase (on the scale of $1 […]
October JOLTS report: a good post-hurricane rebound The August and September hurricanes continue to make their impacts felt in the economic data. Yesterday’s JOLTS report for October, like the October and November jobs reports, shows a rebound from those impacts. The best way to look at the data is to average the last two months […]
Hey: AP Press at 10:23 PM EST declares Jones the winner in Alabama.