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

Heat Killed 50,000 in Europe Last Year–Are We Next?

Brief discussion by an intelligent basketball legend on hot weather caused by pollution and the resulting deaths from it. “Heat aggravated by carbon pollution killed 50,000 in Europe last year – study,” The Guardian, as discussed by Kareem Abdul-Jabbar Summary: Hot weather inflamed by carbon pollution killed nearly 50,000 people in Europe last year, with the continent […]

Betting on climate change

Believe it or not, there are still some folks who think climate change is a hoax. How many are financially invested in that belief, I don’t know. I do know that folks who are currently in the business of making money in the insurance industry *do* believe that climate change is real. They’re no longer […]

 FLiRT Covid wave is growing less rapidly

r.j. sigmund on Covid a few days ago i read an article on a university website that Covid activity was ‘showing signs of slowing’, so that’s what i expected to find when i checked the data this morning…”growing less rapidly” might have been a more descriptive assessment… among the CDC’s “early indicators“, “test positivity”, or the percentage of tests for Covid that were positive, […]

How restrictive are “real” interest rates?

How restrictive are “real” interest rates?  – by New Deal democrat This post is inspired by a Xtweet from Paul Krugman this morning, in which he pointed out that if we measured inflation the same way it is done in Europe, the Yoy% change would be only 1.7%. That got me wondering, since the primary […]

Lower Gasoline Prices cause Americans to feel better Economically

According to Nate DiCamillo at Quartz, “September is shaping up to be another good month for consumer sentiment.” AB: I believe there are other aspects which would make the citizenry even feel better then decreasing gasoline prices. The economy is getting there, just not fast enough for many, and people show their doubts. Gasoline pricing […]

Two years ago today, the Inflation Reduction Act (IRA) was signed into law

By Isabel Soisson The Copper Courier AB: This piece on the IRA cover quite a bit of territory discussing the Inflation Reduction Act. There is still more that was accomplished under the Biden Administration with the American Rescue Plan 2021 Act. Who would have thought an old president suffering from dementia could have accomplished so much? […]

Why vilify the oil and gas industry? Because It Deserves to Be . . .

by Emily Atkin Heated World The richest man in the world has a new message about climate change: It’s real, but don’t knock the industry most responsible. “I don’t think we should vilify the oil and gas industry,”  Elon Musk said while speaking about climate change during his two-hour conversation with former president Donald Trump last […]

Real hourly wages, median income, and aggregate payrolls: update for July

– by New Deal democrat It’s a slow economic news week, so don’t be surprised if I play hookie tomorrow or Wednesday. In the meantime, now that we have July’s inflation data, we can update some “real” consumer well-being indicators. First, real average hourly wages for nonsupervisory workers rose 0.1% in July to a new […]