Maybe they can make a movie out of this one? Of all the important issues facing the United States, Trump is concerned about college football and basketball (to a lesser degree). So, he issues an executive order to establish his fix for it. ~~~~~~ “Urgent National Action to Save College Sports,” The White House, April […]
– by New Deal democrat With the stock market flailing around trying to keep its head above water, jobless claims along with consumer spending are the only two metrics that solidly support a continued economic expansion (ok, maybe ISM manufacturing is trending in that way as well). But to the point of this post: last […]
Pick One or Face the Consequences. Either Way, You Will Be Worse Off. Rough roads for Students having student loans. But what is unusual about this? The answer is “nothing.” For decades, student loans have become the cross to bear (if needed) to gain a college education. If you have been keeping track of Angry […]
Trump’s closure of the Veterans Affairs Servicing Purchase (VASP) plan creates financial issues for veterans who have VA mortgages which did not exist previously. Even so, in the past Trump has displayed little respect for veterans, calling them suckers and losers. He has denied the name calling, but it would be typical of him to […]
– by New Deal democrat While much of the official government data is still delayed, months after the end of the shutdown, privately sourced data remains fully up to date. And March data started out with the ISM manufacturing index, which was our second piece of (mainly) good news of the morning. The headline ISM number […]
How We Get Rid of “Citizens United,” Robert Reich This week’s video is important. It shows a clear path to getting rid of the Supreme Court’s horrific 2010 decision Citizens United vs. Federal Election Committee. That decision opened the floodgates to campaign spending by giant corporations. The high court reasoned that corporations are people who have First Amendment […]
– by New Deal democrat After all these months, we are still feeling the effects of the government shutdown last fall. Normally construction spending is released on the first day of the month for the second previous month – in today’s case, that would be for February. But half a year after the shutdown began, […]
“Ask an Analyst: What makes a donor state?” USAFacts States contribute to the federal budget primarily through residents’ federal taxes and through business taxes on local industries. In return, states expect federal support via programs such as Medicaid and the Children’s Health Insurance Program (or CHIP), transportation and education funding, and contracts and grants to local businesses […]
In his low-energy April Fools Day speech last night, Trump showed he hasn’t a clue how the world supply chains work: “In Wednesday night’s address to the nation, President Trump declared, “We’re now totally independent of the Middle East, and yet, we are there to help.” “We don’t have to be there — we don’t […]
– by New Deal democrat I normally don’t pay too much attention to the JOLTS report, and I won’t this month, either. It does break down the labor market further than the jobs report, and it does have several slightly leading components, so let’s at least take a brief look. Below are job openings (blue), […]