by Kenneth Thomas Lost Output Over $3 Trillion And Rising Still traveling, so just a quick post, but this really can’t be emphasized enough. Andrew Fieldhouse at the Economic Policy Institute reports that the Congressional Budget Office now has cumulatively reduced its estimate of 2017 gross domestic product by 6.6% since the beginning of the […]
Thought this one might be interesting. Rdan (posted by Robert Waldmann / commentary after the jump) extreme poverty update update: I assume you have clicked the link. I’m not going to snip and paste the graph. Go there if you want to find out what I am talking about. The rate of extreme poverty (income […]
Yves Smith, Matt Taibbi, and Bill Moyers talk on the financial Follies of Big Banks and Government Matt Taibbi:The question I wanted to ask is, was, really more about the criminality. I mean, none of the members in either the House or the Senate really got into the issue of all the different offenses that […]
The Court will announce its healthcare ruling on Thursday. Tom Goldstein, founder of Scotusblog, said after this morning’s opinions were issued that, in light of the Court’s informal division-of-labor routine, and based on which justice wrote which of today’s majority opinions, it looks pretty clear that (as everyone has been predicting all along) Roberts will […]
Via Firedoglake’s David Dayen comes this post of the ‘ambiguity’ of a State Supreme Court ruling on one case of foreclosure action and the requirements to ‘own’ a property. Based on my conversations, the ruling does not allow Fannie Mae to foreclose. It remands the case back to the lower court for them to decide […]
The current uptick in ‘medical inflation’ in private sector health industry is worth a separate post. The Standard and Poor Healthcare Economic Indices can be found here. Lifted from a note from Run 75441 on the link I sent on healthcare reform. Recently, Matt Stoller claimed Obama had a 61 vote majority in the Senate and […]
Hi folks. I have finally initiated the process to migrate to a word press platform from the blogger platform, and will be switching to another comment system to be determined. Blogger is getting harder to use in our experience, and of course did not develop the variety of tools to augment how Angry Bear can […]
Barkley Rosser reports from the world ecology conference in Rio, Michael Klare offers a a comprehensive overview of US international political policy regarding energy. (hat tip Spencer) By Michael T. Klare,Tom Dispatch re-posted with permission from the author Is Barack Obama Morphing Into Dick Cheney? Four Ways the President Is Pursuing Cheney’s Geopolitics of Global […]
by Rebecca Wilder Confidence Indicators Deteriorated Significantly This Week This week national confidence surveys rolled in with just one story: the economic infection in Europe is spreading. Business confidence indicators in France and Germany declined 1.1% and 1.6%, respectively, in the month of June. In Italy consumer confidence hit another record low since 1996 of 85.3 after […]