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

Previewing July CPI: about gas, housing, and vehicle prices

Previewing July CPI: good news and bad news about gas, housing, and vehicle prices  – by New Deal democrat While July’s consumer inflation is likely to be less intense than in recent months, I don’t see it coming back down to more “normal” levels. The good news is gas; the bad news is vehicles and housing. […]

Veterans Returning to Homelessness

“Veterans Returning to Homelessness” – Public Health Post, Ann Elizabeth Montgomery | Dorota Szymkowiak | Jack Tsai | Thomas O’Toole Homelessness still occurring is depressing for me as a Vietnam era veteran. It is also not just veterans. I had my own issues taking a couple of years to resolve and I am still not […]

Investigating a Supreme Court Justice

Retreating to the political side of Angry Bear. Atrios, had “You Could Fire Him” up on Friday. This concerns Justice Kavanaugh and how he was pushed into the position on SCOTUS by upper management (trump for those who are unassuming). There are some overlooked issues with his application “references” for the position as gathered by […]

Weekly Indicators for August 1 – 5 at Seeking Alpha

Weekly Indicators for August 1 – 5 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Several important metrics have reversed course in the past month. Interest rates, especially mortgage rates, have declined (in the case of mortgages, by 1 full % from their peak. As many have pointed […]

New tax law to help fund the United States government during the Civil War

I subscribe to Prof. Heather Cox’s site. I pick the posts I believe might be interesting to AB readers. This one fits the spirit of the day. August 5, 2022, Letters from an American, Heather Cox Richardson On this day in 1861, President Abraham Lincoln signed into law a new tax law to help fund […]

Shuttering a Union Manufacturing Plant

Joe Manchin’s Daughter Helped Shutter a Union Drug Plant, theintercept.com, Daniel Boguslaw Also taken from “Can You Patent the Sun?” – Angry Bear, What About Drug Costs? The story of EpiPen is a good example of out-of-control pricing. In 2007 Mylan acquired the EpiPen brand from Pfizer. The acquisition did not include the Pfizer subsidiary manufacturing […]

July jobs report: in which an absolute positive blowout make me happily wrong

July jobs report: in which an absolute positive blowout make me happily wrong; all pandemic job losses now recovered  –  by New Deal democrat As I wrote earlier this week, the short leading indicators for both jobs (real retail sales) and the unemployment rate (initial jobless claims) have each signaled that we should expect weaker […]