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

Why is Boeing such a shitty corporation?

 A key factor in many manufacturing companies is the outsourcing of the manufacturing of components which the parent company has become expert in creating, manufacturing, and quality control of components. Unless a company’s employee is to be on site, it is difficult to ensure the quality of manufacture. The outsourced company does not have the […]

Burning stuff is depriving us of years of healthy living

This piece by Lloyd Alter is about household indoor air contaminants. The reasoning for this is . . . Homes are far tighter than what they used to be by design. There is much less of an outside air exchange today. Unless, the home design allows it to breath. We are seeing a higher level […]

Jobless claims: bar one week, the lowest number of layoffs in over half a century

Jobless claims: bar one week, the lowest number of layoffs in over half a century  – by New Deal democrat To reiterate my theme from last week, we’re back to the virtuous scenario where almost nobody is getting laid off. Initial jobless claims last week declined -16,000 to 187,000. Except for one week in September […]

Open Thread January 18 2024 Biden, the Oldest President Yet

Who saved the US from a pandemic and delivered a good economy. The 2024 political cycle, a triumph of recycling. President Biden and former President Trump are preparing to star in a sequel most Americans do not care to see. That means that eyes will be on the vice-president, Kamala Harris, as well. Because Mr […]

Industrial production continues in near-recessionary trajectory

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 […]

Is America a racist country?

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 […]

December real retail sales: the good economic news keeps on coming

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 […]