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

J&J Changing 340B Rules to Prevent Fraud

What is the issue(s) here is larger hospitals such as “Bon Secours (48 hospitals) has been slashing services” at its facility in a poorer, predominantly Black part of Richmond. At the same time, it is ‘investing in the city’s wealthier, white neighborhoods.’” By maintaining the Richmond hospital, it keeps access to the 340B program, provides […]

Catching Up on Climate Risk Research

Two excellent short and very readable mini articles (to be redundant). Both pieces are pointing to a direction the Fed should take in the next year or sooner with regard to Climate Change. It is doubtful they will do so until catastrophe hits. What is a few $billion more in spending, right??? This aspect of […]

Domestic factory orders and production vs. real imports as economic forecasting tools

 – by New Deal democrat Over the past year, I have downgraded the importance of manufacturing indicators as a forecasting tool for the economy as a whole. This post explores why and suggests a revised tool that may be a helpful short leading indicator. On Monday, durable goods orders rebounded sharply in July from their […]

How will the Trump and Harris budgets affect the national debt?

Here’s the Penn Wharton Budget Model breakdown for how much each candidate’s economic proposals will affect the national debt: “We estimate that the Trump Campaign tax and spending proposals would increase primary deficits by $5.8 trillion over the next 10 years on a conventional basis and by $4.1 trillion on a dynamic basis that includes […]

Mortgage Lock-In is Coming to an End

QUARTZ The ‘Lock-in Effect’ is Easing. Here is What It means for the Housing Market Homeowners are beginning to give up on waiting for lower mortgage rates. That could be good news for potential homebuyers. In the first quarter of this year, six of every seven homeowners, or 86%, have a mortgage rate below 6%, […]

Why people stay after local economies collapse

Why people stay after local economies collapse − a story of home among the ghosts of shuttered steel mills by Tracy Walsh The Conversation It was midday on a Saturday, and Simonetta led me from the open front door of her home in southeast Chicago to her sitting room and settled next to her husband, Christopher, […]

Superseding Indictment in the Election Interference Case

Joyce Vance at Civil Discourse on Jack Smith’s New Approach. Since trump now has certain immunities due to being a former pres, pres, president as declared by SCOTUS. Took a bit to call trump a president. Jack Smith takes a different approach in indicting trump as citizen trump. He carefully avoids reference to the office […]

Has Globalization Been Reversed?

by Guest Economist Joseph Joyce Capital Ebbs and Flows The disruption of the global economy caused by the COVID pandemic in 2020 had begun to be overcome when the Russian invasion of Ukraine in 2022 led to new fissures. Sanctions were placed by the United States and European nations on trade and capital transactions with […]