Relevant and even prescient commentary on news, politics and the economy.

Targeting International Human Rights Attorneys

“Amal Clooney Receives Stark Warning About Donald Trump,” Above the Law Donald Trump’s attack on the legal industry isn’t just about taking shots at Biglaw, or government attorneys, or nonprofits, or caselaw or judges, or . . . actually there’s long list of targets of Trump’s ire. And *also* on the list are international human rights attorneys. It started, like so […]

Real personal income and spending tell us the consumer economy was expanding nicely in March

 – by New Deal democrat Aside from the long leading indicators I discussed in that post, GDP is a look in the rear view mirror, because it includes January and February. Personal income and spending for March, although it is part of that GDP report, is therefore more current. Like the housing data we got earlier […]

Trump administration to restore $12 million for pro-democracy Radio Free Europe

Judge orders Trump administration to restore $12 million for pro-democracy Radio Free Europe, Associated Press The story A federal judge on Tuesday ordered the Trump administration to restore $12 million that Congress appropriated for Radio Free Europe, a pro-democracy media outlet at risk of going dark for the first time in 75 years. US District […]

Despite negative headline, Both long leading indicators in the Q1 GDP report as well as consumer spending, were positive

 – by New Deal democrat The big headline takeaway in today’s advance report on Q1 GDP, besides the -0.3% number, was that imports deducted about -5.0% on an annualized basis, overcoming a fairly strong 3.0% contribution in real terms from consumer spending. Here’s the breakout graph from the BEA: The graph tells the story; both real […]

“You don’t need a weatherman to know which way the wind blows*”

Steve Greenhouse, “Trump’s second term will be the worst presidential term ever,” as featured by The Guardian. Going on 4 months or 120 days if one is counting days. As a nation, we are experiencing the worst episode within this nation ever imagined. No war, outbreak, recession, or even the Great Depression has threatened us […]

So much winning!

Trump claims his tariffs will bring manufacturing jobs back to the US. But you can’t create manufacturing jobs if no one wants to buy what you make. How’s that going? “Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with U.S. […]

Gutting the Consumer Financial Protection Bureau (CFPB)

A bit of recent history for the Consumer Financial Protection Bureau (CFPB) Each week we send more than 50,000 complaints about financial products and services to companies for response. If another agency would be better able to assist, we’ll send it to them and let you (the consumer) know. Most companies respond within 15 days. […]

Still on a Medicare Kick and How Republicans Should Cut It’s Cost

Before you go bouncing off the walls and take a fighting stance, read what Andrew Sprung of xposfactoid has to say. Republicans Should Cut Medicare . . . Rather than Medicaid. Oh, but they are the ones making the political contributions. As soon as House Republicans’ budget resolution was published, it was clear that almost […]