How anti-worker policies, crony capitalism, and privatization keep the South locked out of shared prosperity: Rooted in Racism and Economic Exploitation: Part Five, Economic Policy Institute EPI’s Nina Mast covers how Southern lawmakers blocked shared prosperity by neglecting basic worker protections and disinvesting in social safety net programs while offering hefty subsidies to corporations, privatizing […]

Personal Income and Outlays . . . “Personal Income and Outlays, May 2025, U.S. Bureau of Economic Analysis,” BEA Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion […]

According to Tech Viral: “Tesla has abruptly stopped Cybertruck and Model Y production, triggering a nearly 3% stock drop to $348.29, as shown in the finance card above. “The pause, Tesla’s third Cybertruck halt this year at its Austin Gigafactory, compounds delays in Robotaxi plans and Elon Musk’s controversies. “As EV competition intensifies, Tesla’s frequent […]

Nate Silver makes lemonade from lemons: “Is Trump less popular than he was a few weeks ago? Yes. Is he now firmly underwater on his best issue (immigration)? Also yes. But he’s still more popular today than he was at this point during his first term. On day 159 of term 1, Trump’s net approval […]

“President Trump said Iranian leaders cleared their plan with the U.S. to fire retaliatory strikes against an American airbase in Qatar, and even requested a specific time to attack. “They said, ’We’re going to shoot them. Is one o’clock OK?’ I said it’s fine. And everybody was emptied off the base so they couldn’t get […]

 – by New Deal democrat The last significant data for the first half of 2025, personal income and spending for May, was released this morning. It was the first month that reflected the impact of Tariff-palooza!, and boy howdy was it impacted. Not a single metric was positive. One metric was unchanged; everything else was negative. […]

“Rural_Hospitals_at_Risk_of_Closing,” Center for Healthcare Quality & Payment Reform The issue being detailed here being: Smaller and rural hospitals are under the threat of closing as the Tr__p administration cuts funding to pay for the 2017 tax break. A tax break which Trump promised it would pay for itself. It did not. So, Tr__p will keep […]

It is almost laughable. TR__p’s wishy-washy back and forth on tariffs may have have caused the Fed Chair to delay a decrease. It sure sounds or reads like it. Federal Reserve Chair Jerome Powell told lawmakers this last Tuesday, the recent economic data would have likely justified continuing to lower the Fed rates if not for concerns […]

As of May 24, 2024, the SBA had forgiven over 10.5 million PPP loans to businesses, totaling ~$800 billion. Another 37,938 owe an ~ $4.6 billion) and are labeled potential clawback or a code 70 (potential claw back).  Not so for student loans. These are the people who should have greater productivity at a younger […]

 – by New Deal democrat Jobless claims continue to tell us two things: (1) the jobs market continues to slowly weaken, but (2) it is not recessionary. This week I’ve changed my graphing scheme slightly, to emphasize the less noisy four week moving average of initial claims, to better show the residual post-COVID seasonality, and to […]