Today is the 75th anniversary of the Hiroshima bomb. I grew up in Oak Ridge, TN, a city that was founded in secret for the purpose of enriching uranium for atomic bombs. The Hiroshima bomb was a uranium fission atomic bomb. The idea of immolating thousands of civilians was not novel at that point. See, […]
Finally, some or most of Congress may do something to Rein in SCOTUS and the rogue Justices. The question here being can they nullify Congress’s act in some fashion. No Kings Act WASHINGTON (AP) — Senate Majority Leader Chuck Schumer introduced legislation Thursday reaffirming that presidents do not have immunity for criminal actions, an attempt […]
The advent of CAR-T and CRISPR technologies are set to revolutionize cancer and genetic disease therapies, respectively. But with great hope comes great costs. “The Centers for Disease Control and Prevention estimates that approximately 100,000 people in the US have sickle cell disease, making it the most prevalent inherited blood disorder. Remarkably, the new gene […]
by Joyce Vance Civil Discourse Tonight, the reporting is that Vice President Harris’ choice of running mate is down to Governor Josh Shapiro of Pennsylvania or Governor Tim Walz of Minnesota. Although Shapiro has a somewhat higher public profile because of his work taking on Trump and election deniers in court when he was the state’s attorney […]
by Robert Reich What really happened today on Wall Street First, a bit of personal history. Two weeks before October 19, 1987, I warned publicly that “in two weeks, the stock market will lose 20 percent of its value.” Then, on October 19, 1987, the S&P 500 had the biggest one-day fall in its history […]
Two good commentaries coming up on Angry Bear as written by Joyce Vance and Robert Reich. Both are addressing what is going on with the economy or Black Monday (Reich) and the other by Joyce Vance and the Vice President choice and SCOTUS issues. Both are good commentaries. Got another on Covid which I am […]
Economically weighted ISM indexes show (and forecast) an economy still – barely – in expansion – by New Deal democrat As I was traveling last week, I did not write about several data series that I normally update. I plan on taking care of that this week. There’s also a little excitement in the markets […]
Abstract: Paul Davidson was a critical figure in the preservation of John Maynard Keynes’s ideas, sticking with them when they were out of fashion. He was also key to the survival of the Post Keynesian school. Davidson endorsed Keynes’s liquidity preference theory of interest, and he emphasized fundamental uncertainty as a central feature of economic […]
Everybody knows that California is a “high-tax” state, right? Well, yes and no. Depends on where you are on the food chain. If your household is the top 1%, then California tax rates are 2nd highest, while Texas and Florida are 43rd and 50th, respectively. OTOH, if your household income is in the second quintile […]
Adding where Joel paused . . . Can you reduce your risk of dementia? – Angry Bear, Joel Eissenberg Replacing red meat cuts dementia risk by 20%, CNN, by Sandee LaMotte Dementia risk rose by 14% when people ate about 1 ounce of processed red meat a day — the equivalent of slightly less than two 3-ounce servings a […]