“Donald Trump Ignoring Court Order Is ‘Doomsday Scenario,’” (Newsweek) SUMMARY: President Donald Trump’s deportation of Venezuelan migrants may have violated a direct court order, leading to what the FBI’s former general counsel, Andrew Weissmann, has called a potential “doomsday scenario.” Speaking on MSNBC, Weissman said: “The doomsday scenario for this country is the idea that you […]

The housing market continues its slow rebalancing: new and existing home sales rangebound, price pressures including Case Shiller and FHFA steady  – by New Deal democrat Since new home sales as well as the repeat sales price indexes were both reported this morning, let’s update the entire housing market all at once, including existing home sales, […]

Why Social Security is in the worst crisis since its founding in 1935, and what you can do about it, Robert Reich Financial services executive Frank Bisignano, Trump’s pick to become permanent commissioner of Social Security, faced lawmakers this morning in a Senate confirmation hearing. He “guaranteed” senators that he would not seek to privatize […]

Contributor: Capitulation to Trump spells inordinate danger, Los Angeles Times Guest Writer at LA Times Erwin Chemerinsky, an acquaintance of mine too. We all learned long ago, perhaps on the playground, that giving in to a bully only makes things worse. That is why it is shocking to see capitulation on the part of those […]

A “quick and dirty” update: the employment is historically very weak  – by New Deal democrat There’s no significant economic reports today, and even most of the high frequency indicators won’t start coming in for the week until tomorrow, so let me go a little more in depth in what the “quick and dirty” forecasting model […]

If I were Matt Taibbi’s prof, I’d give him a C for his article. He did some research on endowments, but he gives no useful context. Whatever Rupert Murdoch’s New York Post paid him, it was too much. The Trump Administration wants to use taxes on endowments to subsidize tax cuts to the 1% who […]

Economy is cooling from its above-trend pace, but the labor market remains healthy, and a manufacturing recovery is underway A brief and general review of the investing market by Edward Jones. The Conference Board’s Leading Economic Index (LEI) — which provides an early indication of significant turning points in the business cycle as well as […]

Plastics Targeted by Retaliatory EU Tariffs Sixty US plastics resin and product exports to the EU could be hit as a countermeasure to US tariffs on steel and aluminum. Sixty plastic products exported by the US could be hit with retaliatory tariffs by the European Union (EU), analysis by the Plastics Industry Association (PLASTICS) reveals. […]

America’s colleges are hoarding billions, Matt Taibbi New York Post Of Colleges and Universities A short trip on the JHU site later I found myself at the Johns Hopkins Public Interest Investment Committee annual report, published in January.  There, I learned that “as of June 2024, JHU’s endowment comprised more than 4,700 funds, each supporting […]

Earlier, it was a dramatic cut in indirect costs on all federal grants and outright cancellation of some grants. Now, congressional Republicans are mulling a steep tax on university endowments. “Republicans are considering increases to the university endowment tax to help reduce the national deficit and as a potential lever to force universities to comply […]