As one commenter elsewhere stated: “Rural America hospitals in red states have been closing at an epidemic rate because the states refused to expand Medicaid under the ACA. Rural hospitals in blue states generally survive. The red states do not seem to care. Congress has not passed bills to save those red state rural hospitals” […]
When I started my faculty position at the age of 32, the university had a defined benefit plan. They would contribute 6% of my salary to my retirement investment, pre-tax. I could contribute up to 60% from my salary pre-tax, but to get the university contribution, I had to contribute at least 4%. Such a […]
A bit of Forest Gump, Paul Krugman and tariffs this Sunday morning. And as usual, dealing with Trump is a deal where you never know what you are going to get or be in the deal. “My mama always said, ‘Life was like a box of chocolates. You never know what you’re gonna get.’” Movie: […]
Cuts in healthcare . . . Medicaid is necessary to fund tax breaks for Trump, his inner circle of beneficiaries and all not needing a tax break. This particular piece by Kaiser Family Foundation focuses on the impact to those who use Medicaid. Low in income, people are the main users of Medicaid. An ~10 […]
The results of US Postmaster General Louis Dejoy’s efforts to improve US Postal Service in the United States. Steve Hutkins and Mark Jamison have been following USPS issues for years and they have been featured on Angry Bear going back to 2016. This particular piece has been taken from Steve Hutkins site: “Save the Post […]
My last year in the Marne Corps, I was given the task of chasing prisoners. And taking them to the Brig, to the Commissary, to Disbursing, etc. There was not much of a threat from these guys as revenge would have been extracted in the Brig. Attacking an NCO was not a smart idea either. […]
– by New Deal democrat There was no big economic news today, despite the report on durable goods, which declined -9.3% in June — after a 16.5% advance in May. Simply put, it was all about aircraft orders from Boeing. Take out transportation, and orders rose 0.6% in May and 0.2% in June. The more important […]
Jonathan Last has an excellent piece at The Bulwark on the clusterf*** that is the Bezos WaPo and what it says about the business model of journalism in America. “The internet revolution was about lowering to zero the marginal cost of distributing content. The AI revolution is about lowering to zero the marginal cost of […]
– by New Deal democrat This morning’s report on new home sales for June indicated that sales continue to be rangebound, YoY prices continue to decline, and inventory of homes for sale continue to rise. This complicates the story of rebalancing between new and existing homes. To recapitulate, while new home sales are the most leading measure […]
Recently, Trump said he was “thinking about” ending capital gains taxes on home sales. Who benefits? “The biggest beneficiaries of such a change will likely be longtime homeowners in the country’s more expensive housing markets. “Removing or increasing the capital gains limit — currently $250,000 for single homeowners or $500,000 for married couples — on […]