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

Trade, Tariffs, Politics and No Economics

A history lesson of what not to do and yet may still come to pass. October 5th, 2024 by Prof. Heather Cox – Richardson Letters from an American More politics rather than economics. Some of it does fit. The concept is political for an upcoming election. William McKinley is having a moment (which I confess […]

Autocracy will bring poverty

From Prof. Timothy Snyder’s substack “Thinking about…” Shared with permission: “Think about the politicians Trump idolizes, Vladimir Putin in Russia and Viktor Orbán in Hungary. The first undid a democracy through fake emergencies, the second through persistent constitutional abuse. It is not hard to see why Trump likes them. “Now consider the Russian and Hungarian […]

How the Poverty Rate is Determined

One of the biggest issues in the US is who lives in poverty and how it is determined. People get upset when there are people living on food stamps. Unfortunately, many of us do not know how the government does determine poverty. Part of what makes the conversation difficult is that the modern household budget […]

Unwilling or Unable to Move

Partisan Divide? Per the poll discussed below, only 48 percent of Trump supporters got raises while 72 percent of Biden supporters got raises.  27 percent of Trump supporters had changed jobs while 43 percent of Biden supporters had changed. Data and Reporting Again today Paul Krugman said “the average worker’s purchasing power is higher than it was […]

The ISM services index, measuring 75% of the economy, sounds an ‘all clear’ – for now, anyway

 – by New Deal democrat Recently I have paid much more attention to the ISM services index. That’s because, since the turn of the Millennium, manufacturing’s share of the economy has contracted to the point where even a significant decline in that index has not translated into an economy-wide recession, as for example in 2015-16.  When we […]

High fructose corn syrup and your health

High fructose corn syrup (HFCS) is everywhere—salad dressings, catsup, carbonated beverages. Fructose is sweeter, per unit mass, than cane sugar (sucrose), and apparently keeps better, so is a favored sweetener by the food industry. Unlike glucose, fructose in converted to free fatty acid in the liver and thus can contribute to hyperlipidemia, diabetes and heart […]

Covid Reporting

R. J. Sigmund September 29, 2024 The major Covid demographic metrics we track continued to trend lower this past week, but we have a new recombinant mutant out there that is multiplying quite rapidly and is forecast to become the dominant strain, probably just in time for the annual winter holidays infection wave. Among the […]

Why avoided or imaginary emissions are the future of carbon accounting

by Lloyd Alter Carbon Upfront Scope 4 emissions help me justify my flight to New Zealand and compensate for its carbon footprint. I apologize for my posts not showing up at the usual times; I got back from Australia and New Zealand with a crushing jet lag that I still haven’t recovered from, with a […]

September: A “soft landing” jobs report. But will the Fed use this to fall behind the curve again?

 – by New Deal democrat Especially in view of the relative weakness in the jobs report for the past few months, my focus continues to be on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether there is further decline towards a recession.  For this month at least, the […]