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

Is Redistribution the Solution?

Toward the end of a very interesting and worthwhile conversation about how right-wing “populism” co-opts righteous anger at established institutions, Vincent Bevins asked Naomi Klein how she would counter that co-optation. Her answer was to advocate a “real left that has a political program that is actually redistributive,” which sounds good until you realize that […]

November jobs report: signs of considerable strength, but warning signs of considerable weakness as well

November jobs report: signs of considerable strength, but warning signs of considerable weakness as well  – by New Deal democrat Yesterday I wrote that “In tomorrow’s jobs report, my focus will be on whether the data is most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration has been continuing;” and more […]

Some Background on the Potential Purdue Settlement

I do not believe this (below) to be long. Then I am not the one who may choose to read it. Lawsuit by Pierce County against various drug distributors and manufacturers, In this instance, I am going to guess they are talking about Opioid pills such as Purdue’s Oxycontin. Do not confuse this with the […]

Initial claims, Expansion, and Employment

Initial claims continue to forecast expansion; further slight deceleration in employment, unemployment, and wages most likely tomorrow  – by New Deal democrat This morning we had our last look at initial jobless claims before tomorrow’s November jobs report. On a weekly basis, claims rose 1,000 to 221,000. The four week average rose 500 to 220,750. […]

Defying the Supreme Court:  an idea whose time has not come

Mark Tushnet is a leading critic of the Supreme Court and of the way judicial review is practiced today in the United States.  Following the Court’s recent decision on affirmative action, Tushnet and Aaron Belkin wrote an open letter urging President Biden to defy the Supreme Court (my bold): We urge President Biden to restrain […]

Manufacturing’s shift out of China is the shipping corridors

Manufacturing’s shift out of China is shaking up shipping, qz.com), Mary Hui AB: This is kind of along the lines of what I was involved in with manufacturing overseas and moving components to various countries from the US. We would plan the necessary materials to a planned ship date. We would ship to Thailand, Philippines, […]

Real consumer spending forecasts continuing jobs deceleration

What is interesting about NDd’s latest is his identifying manufacturing playing “a much smaller role in the total US economy now than it used to in the decades after WW2.” He identifies another factor occurring before the start of a recession. It has become increasingly necessary for spending on services to falter as well. Real […]

Open Thread December 6 2023 Vice President Harris

“casts record-setting vote in Senate.” Vice President Harris on Tuesday cast her 32nd tiebreaking vote to confirm Loren L. AliKhan to be a U.S. district judge for the District of Columbia — making history with the most deciding votes in the chamber by a vice president. Open Thread November 28 2023 Housing Buy or Rent? […]

Why vote?

On our trip to Colorado for Thanksgiving, the boarding announcements for each flight began with an invitation to active service people and veterans to board first, always followed with “thank you for your service.” People join the military for many reasons. Some out of a sense of patriotism, others because that was the best-paying job […]