Industrial production continues in near-recessionary trajectory – by New Deal democrat In contrast to this morning’s good news on consumption, production continued its lackluster 2023 all the way to the end. Total industrial production (blue in the graph below) increased 0.1% in December, but revisions to the two previous months totaled -0.2%, so the net […]
Decades ago, I read a column by Andrew Young, the former Atlanta Mayor and UN representative, in which he wrote that you should never trust anyone who says they aren’t racist. You should say I’m working on my racism. Recently, the former South Carolina governor and current GOP presidential candidate Nikki Haley omitted to mention […]
Most state laws back the company when it comes to employment. Plus, you don’t have the cash to make a fight out of it. So move on to something better, forget them, do something great, chalk it up to experience, learn from it, and ask the right questions the next go around. Being let-go happens. […]
December real retail sales: the good economic news keeps on coming – by New Deal democrat The good economic news kept coming with this morning’s retail sales report for December. Remember that this is one of my favorite indicators because, adjusted for population, it is a fairly good long leading indicator, and on a short […]
Every day brings new of “breakthroughs” in biomedical research. Most of these are incremental advances, and many you never hear about again because they couldn’t be replicated, failed in early clinical trials, or some other problem. But as described in this link from Wired, I think this could be real progress for Parkinson’s therapy research. […]
The decline in workers’ share of the total pie is far more extreme than standard measures suggest. Total Income, and the Collapse of the Household Labor Share, Wealth Economics, Steve Roth The best way to start this post is with a graph that many will find surprising, even eye-popping. The graph kind of speaks for […]
Before you read the NPR article, I “will” make a few comments. In no way did the Sacklers not know of the impact of the OxyContin. The sale of it as being non addictive was made up from the get-go of the product. Indeed, one larger than life promotion of OxyContin was done with the […]
As a former union member, Reader Denis Drew writes about Labor and Unions. You can read him at Angry Bear from time to time or at his Blog site: “On Today’s Page,” on todays page, Denis Drew. Jimmy Hoffa’s dream – Jimmy Hoffa’s worst nightmare First: Jimmy Hoffa’s medical labor market wet dream: a) cannot […]
As vehicles and outdoor appliances become increasingly electric, long term gas usage – and “real” prices – decline – by New Deal democrat What is the “real” cost of gasoline? When measuring this, some people compare with the CPI. But that actually just tells you the *relative* inflation in gas vs. other items. That’s why, […]
This article is kinda long and also along the lines of what I have done since the mid-seventies. I consulted in throughput for a while. Did not much like it as compared to actually doing it. It is a good piece though. This report is twenty years old and things have changed in China. Modernization […]