Abolishing the Super Rich is a research piece, a book, and an opinion commentary by Tom Malleson. Associate professor Tom is at King’s University College at Canada’s Western University. Tom gives us a peek into his book entitled Against Inequality: The Practical and Ethical Case for Abolishing the Superrich (2023). The commentary/review of content reads […]
– by New Deal democrat The monthly personal income and spending report is now the most important report of all, except for jobs. That’s becuase it tells us so much about the state of the consumer economy. It is the raw material for several important coincident indicators that the NBER looks at, as well as several […]
Wood is a form of natural carbon sequestration. Yesterday, I posted about how wood is making a comeback as a building material. I’ve since found this article announcing that the world’s largest building built (partly) of wood has been greenlit. “Western Australia is set to become home to the world’s tallest timber building, a “revolutionary” […]
Medicare Advantage Plans are funded by Traditional Medicare which is slowly being depleted. Much of what MA does which proves to be so costly is due to MA up coding of its patients. It is estimated this will cost an ~$88 billion in 2024. This is up from $80 billion in 2023. Studies have found evidence […]
I asked our builder if the water piping was insulated. Nope. Insulation would save on hot water usage and also colder water usage. You can not get cold water in the Summer. And you run the water to get hot water due to no insulation. In AZ, they use PEX tubing for water. PEX is […]
This is a second hand story about my brother in law’s experience in a Giant (TM) Supermarket checkout line (I guess he should guest post this). He saw someone checking out wearing a Trump Shirt and started a conversation (he’s like that) mentioning that he was voting for Harris. The Trump supporter said that BIden […]
This is actually related to my day job. For some decades I have been puzzled by two of Kahneman and Tversky’s discoveries (reported very well in this excellent book). First, there is the excessive reliance on diagnostic characteristics (called diagnostic expectations by economists). A classic example is the room with 90 lawyers and 10 engineers. […]
– by New Deal democrat The news about initial and continuing jobless claims was almost all good this week. Initial claims declined -2,000 to 231,000, and the four-week moving average declined -4,750 to 231,500, the lowest since early June. Continuing claims increased by 13,000 to 1.868 million: As usual, more important for forecasting purposes are […]
I attended 7th grade in a building that was built of brick and wood. In 8th grade, I was moved to the new junior high, a formed concrete building in the modern fortress architecture style. Now, it seems, what was old is new again. Wood is making a comeback, with a focus on a green […]
As usual Trump is bleating about the upcoming election and how he will be cheated through fraudulent actions if he loses. Another point being made in this commentary is the pricing of goods which went up 14% while corporate profits when up five times as much. A Kroger Director admits such for some food products. […]