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

Trump Says the Establishment and the News Media Deemed Bernie Sanders a Sexist, a Racist, a Xenophobe and Morally Deformed

“The establishment and their media neighbors wield control over this nation through means that are very well known,” Mr. Trump told a crowd in West Palm Beach, Fla., on Thursday. “Anyone who challenges their control is deemed a sexist, a racist, a xenophobe and morally deformed. They will attack you. They will slander you. They […]

Capital Flows and Financial Crises

by Joseph Joyce Capital Flows and Financial Crises The impact of capital flows on the incidence of financial crises has been recognized since the Asian crisis of 1997-98. Inflows before the crisis contributed to the expansion of domestic credit and asset booms, while the liabilities they created escalated in value once central banks abandoned their […]

New study casts more doubt on data center subsidies

A new report by Good Jobs First confirms what has been long-suspected: Data center megadeals of over $50 million in subsidies create very few jobs at a cost per job that easily exceeds $1 million. Indeed, the average for 11 megadeals going to tech giants like Google, Apple, Facebook, and Microsoft came to $1.8 million […]

“Why would you want to be associated with a party that’s so awful?”

This morning I overheard a part of a conversation between two 30-ish old high school friends, both from career-military families; their high school was on a military base.  One is a disabled Marine veteran, having lost his right leg below the knee, significant muscle in his left leg, a good part of the movement in […]

JOLTS, Labor Market Conditions index consistent with late 2017 recession

by New Deal deomocrat JOLTS, Labor Market Conditions index consistent with late 2017 recession   I continue to be unimpressed with the Job Openings and Labor Turnover Survey (JOLTS), as showing post-mid cycle deceleration for over a year.   I have found what I hope is a better way to present my argument, so that you […]

Linda Greenhouse On the Intense Aggressiveness of Conservative Legal Movement Justices and Judges

Former longtime NYT Supreme Court correspond, current biweekly Times columnist, and habitual woman-after-my-own-heart Linda Greenhouse, has a column today titled “Let’s Legislate From the Supreme Court Bench” about how very fond movement conservatives became a while ago of legislation from the bench. She makes the point that legislation from the bench is an absolutely essential […]

On Liberty. (And Ohio.)

“We are Liberty students who are disappointed with President Falwell’s endorsement and are tired of being associated with one of the worst presidential candidates in American history,” the statement said. “Donald Trump does not represent our values and we want nothing to do with him. … He has made his name by maligning others and […]

The Fab Four (f.k.a. the Fab Five) Supreme Court Justices’ Last Grasp and Last Gasp

WASHINGTON (AP) — The Supreme Court agreed Tuesday to hear appeals from former Attorney General John Ashcroft, former FBI Director Robert Mueller and other former federal officials seeking to shut down lawsuits filed by Muslim and Arab men who were detained in the U.S. after the Sept. 11 attacks. The justices said they will review […]