August 2, 2022, Letters from an American, Prof. Heather Cox Richardson Today, voters in Kansas overwhelmingly rejected an amendment to their state constitution that would have stripped it of protections for abortion rights. With 86% of the vote in, 62% of voters supported abortion protections; 37% wanted them gone. That spread is astonishing. Kansas voters […]
Various (most) articles I typically get during a week. Some I look up to see what else is going on in the world. Most of this I briefly scan the articles and read what is interesting to me. I sometimes start writing on the topics, am interrupted, and find myself having to recall some of […]
That coming from Alan Collinge of Student Loan Justice Org. I have been writing about him, his supporters and followers, his Org. Student Loan Justice, and the government’s response to student loans for a decade now. This is news, facts, etc. about 45 million people in 2022 and not some anecdote. The post title comes […]
Quick note; “ISM metric strongly suggests that it is likely that the economy will enter recession no later than Q1 of next year, and possibly much sooner (but probably not now). more detail below July manufacturing and June construction spending: leading components of both are negative – by New Deal democrat As usual, the new […]
Kip Sullivan sent this article to me today. Usually, I find them before he sends them to me. A quick introduction to the topic of this article. Billions of dollars are being spent on value-based ACO programs. They have done little to improve Americans’ health or lower health care costs. As the authors point out, […]
Dale Coberly found this excellent analysis on economic happenings by Yanis Varoufakis. How did all of this Inflation come about? Certainly, wages have not been outstripping everything else. Labor is going to take a hit eventually. We do have supply chain issues. Much caused by countries shutting down. Companies not maintaining orders to the manufacturers […]
Weekly Indicators for July 25 – 29 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. There have been some interesting counter-trend movements in the indicators. For example, interest rates on mortgages have declined by more than 1% since their peak one month ago. Gas prices have declined by […]
Real income continued to fall in June, while consumers dug deeper to spend – by New Deal democrat In June personal income rose 0.6% nominally, and nominal spending rose 1.1%. The personal consumption deflator, i.e., the relevant measure of inflation, clocked in at 1.0%, meaning real income fell -0.4%, while real personal spending rose 0.1%. […]
How Changes In Changes In Inventories Have Brought US The “Recession” That Is Probably Not A Recession by Barkley Rosser, Econospeak Based on just announced preliminary results, it looks like the US will have experiences negative GDP growth for the first two quarters of 2022. Based on a “rule of thumb” introduced in a New […]