“The Atlantic” is my traveling partner. When I was gone for days or weeks at a time, I would read it on the planes or in my room after dinner. I would also have a book with me by Catton, Russo (Nobody’s Fool), or Crichton. This article in the Atlantic was written March 19th. It […]
The last thing a dictator, or Trump for that matter, would want is interference from a third party which may take the side of the person or group being forced to submit. If you remove union collective bargaining as a group, the individuals have lesser power to resist. Trump is comfortable threatening individuals over groups. […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Another important indicator – corporate profits – tipped into negative territory this week, as Q1 profits look to be substantially below those of Q4 of last year. On the other hand, real money supply from the Fed has tipped back into positive […]
The Trump USDA is defending your right to die from Salmonella poisoning. “The United States Department of Agriculture is withdrawing a rule proposed in August to help prevent food poisoning from poultry contaminated with salmonella. “The Biden Administration effort, which had been in development for three years, would have required poultry companies to keep levels […]
“The American dream” is a century-old phrase used to describe the idea anyone can achieve success in the United States through hard work and determination. Today, about half of Americans (53%) say that dream is still possible. Another 41% say the American dream was once possible for people to achieve. It is not anymore. And 6% […]
– by New Deal democrat Jobless claims remained well behaved last week, as they increased 6,000 to 222,000. The four week moving average declined -750 to 220,250. With the typical one-week delay, continuing claims declined -37,000 to 1.841 million, at the low end of its range over the past 10 months: As usual, the YoY% […]
“It’s a huge victory not only for the parish but for the coast of Louisiana. It’s huge because we finally can hold responsible (a) party who destroyed this coast, knowing that they could do better,” said trial lawyer John Carmouche. He spearheaded the Plaquemines lawsuits against Chevron and about three dozen others. On the other […]
– by New Deal democrat This morning we got more hard data on manufacturing, one from March, one for this month. In March new durable goods orders (blue in the graph below) soared higher by 9.2% to an all-time high. This was all about front-running tariffs, because excepting motor vehicles they were unchanged (not shown). […]
Add this to the list of Trump Administration retreats that I posted earlier today: “The Trump administration has restored the student visa registrations of thousands of foreign students studying in the United States who had minor — and often dismissed — legal infractions. “The Justice Department announced the wholesale reversal in federal court Friday after […]
David Zetland The one-handed economist Book Review: “Small is Beautiful” E.F. (Ernst Friedrich) Schumacher published Small Is Beautiful: A Study of Economics As If People Mattered in 1973. I read the book years ago [Whoops! Here’s my 2009 review, which is much shorter!] and even used it as “the text” for my microeconomics course ten years ago, but I […]