An Interesting Coincidence . . . Senator Elizabeth Warren (D-Mass.) tweeted about the questionable timing. Elizabeth Warren Demands Paramount Explain Colbert’s ‘Late Show’ Cancellation “CBS canceled Colbert’s show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump – a deal that looks like bribery. America deserves to know if […]
If was near the end of the Biden Administration when a rule removing Medical Debt from credit reports was finalized and activated March 2025. The rule was finalized in January 2025 and weeks before the end of the Biden administration. It was banning the reporting of medical debt in credit reports. The CFPB agency reported an ~15 million Americans […]
– 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 […]
Trump was recently in the news promoting a switch from high fructose corn syrup to cane sugar in Coca-Cola, which he’s claiming credit for. Look, I’m not the world’s best biochemist, but this looked like marketing hype to me. Why is high fructose corn syrup (HFCS) problematic but cane sugar—which is a disaccharide of glucose […]
– 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%, […]
Just some local events and news in southern Arizona . . . As I read in the local newspapers . . . construction of TSMC semiconductor facilities is continuing in Arizona near Tucson. I went by this facility a while back. I also went by the latest facility not that long ago. I have included […]
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 […]