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

Kareem Takes on the News

“The Velvet Rope in the Cell Block, The Bare Minimum Is a Dangerous Place, & Back to Reset,” Kareem Takes on the News “‘Disgusting’ Details Leak from Ghislaine Maxwell Emails,” (Daily Beast) Summary:  A former federal prison employee has publicly described what she calls “disgusting” preferential treatment given to convicted sex trafficker Ghislaine Maxwell at […]

May 31, 1889

Letters from an American – Lake Conemaugh – by Heather Cox Richardson May 30, 2026 Life was good in 1889 for the more than fifty wealthy industrialists who belonged to Pennsylvania’s South Fork Fishing and Hunting Club. Most of the men had made their fortunes in nearby Pittsburgh in the heady years after the Civil […]

Dan Rather and Team Steady, The Celebration

Rather than celebrate 250 years of the United States existence by itself, our leader once again makes it about himself and what he wants. People are abandoning the celebration as it has taken ona partisan look rather than a free nation of citizens. Daddy did not do Trump any favors, In a Birthday Fit for […]

Trump Administration proposes science commissars

The Office of Management and Budget is proposing a set of new rules that would put OMB officials in charge of all federal scientific grants, allowing them to overrule peer review panels. They can also cancel grants at any time for essentially any reason. This would end the current grant review mechanism and turn it […]

Brief Middle East News

This does not look like it is going away any time soon. Iran is striking back. Worth reading even if brief: Iranian state media reports Tehran may be suspending ceasefire talks. U.S. and Iranian strikes resume over the weekend. Nuclear talks stall as U.S. leadership continues to temporize. Qatar open to temporary Hormuz fees for mine-clearing. Aid groups warn of resource shortfall for millions displaced […]

Union Pacific and Norfolk Merger

It has been a bit since I have placed anything on Angry Bear, I felt it was time to catch up with anything going on with railroading. Apparently, there is a big push for the UP and Norfolk to merge. The merger would create the first transcontinental railroad from the East Coast to the West […]

Manufacturing expands in May; April construction expands nominally, but only data center construction in real terms

 – by New Deal democrat May data started out as usual with the ISM manufacturing index. Plus, as a bonus, official government data is finally back on schedule, only 7 months after the end of the shutdown! By which I mean to say, April construction spending was also released, on time. To cut to the chase, […]

Banking Issues

Introduction: In and around 2007 – 2009 the US economy was in or coming out of recession. Much of this was cause by lax lending in a rapidly growing economy. Bank took on risks which did not occur in the past as greatly. Little money down and loans on equity which disappeared in recession. Several […]

Sunday thought: It’s Still Capital vs. Labor, Stupid

Actually posted on Monday, Before I went on to other things in business, I used to consult with Ingersoll Engineers as the MRPII and materials control guru. The main thrust by Ingersoll was Direct Labor in manufacturing was a small portion of the total cost. Materials was the greater cost. Going after the later made […]