I’ve had a lifelong fascination with New York City in general and with Manhattan in particular. My dad grew up in Brooklyn, and my paternal grandparents lived on Long Island (Hempstead) when I was growing up. I went to the 1964 Worlds Fair in Flushing Meadows, and once ate at an automat in Manhattan. When […]

Real hourly and aggregate wages update; plus further comments on consumer and producer inflation  – by New Deal democrat Let’s update some inflation-related information. First of all, real hourly wages for non-managerial personnel increased less than 0.1% in April. They are up about 3% from just before the pandemic, and also up a little over 1% […]

If you recall, I reported on a West VA. Federal Court Ruling in Favor of Drug Distributors last July. The City of Huntington and the County of Cabell sued three drug wholesalers responsible for distributing hydrocodone and oxycodone or opioids. The claim was AmerisourceBergen Drug Co., Cardinal Health Inc., and McKesson Corp. were responsible for […]

Yellow flag from initial jobless claims turns a little more orangey  – by New Deal democrat Initial jobless claims rose 22,000 to 264,000 last week, while the 4 week average rose 6,000 to 245,250. Continuing claims, with a one week lag, rose 12,000 to 1.813 million: Note that both measures of initial claims are at […]

I wish Biden’s advisors had given him some dialogue rebutting McCarthy’s plan for cuts in programs. It is this type of jawboning which make convince some, not all, citizens the need to change their minds. What is the harm, Republicans will bring to the economy over and above what the FED will incur on Labor. […]

During last night’s CNN “town hall” fiasco Trump had this to say about the debt ceiling: Former President Donald Trump on Wednesday urged Republican lawmakers to let the United States default on its debt if Democrats don’t agree to spending cuts. “I say to the Republicans out there — congressmen, senators — if they don’t […]

This is an interesting piece done by Dahlia Lithwick. Basically taking up the history of why judges do not take gifts from commoners. Unless of course, the commoner has money and is influential. Ok, so Justice Clarence Thomas is getting a few greater than normal bucks and gifts on the side. Problem two arises in […]

“An Ominous Warning to the E. Jean Carroll Jury,” The Atlantic, Juliette Kayyem Interesting but foreboding piece in The Atlantic. In the dismissal of the jury, the judge took a moment to suggest the jury not engage in conversation or be publicly identified. Typically and after trials, the judge will dismiss the jurors by thanking […]

Inflation ex-shelter increasing at 1.0% annualized rate since last June; core inflation with actual house prices only up 3.0% YoY  – by New Deal democrat Two months ago, I “officially” took the position that inflation had been conquered, and that, properly measured, the economy had actually been experiencing deflation since last June. With revisions, the […]

Open Thread April 29, 2023, Angry Bear, angrybearblog.com