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

Arab Oil embargo 50 years ago weaponized oil to inflict economic trauma

I thought this article was a solid rehash of what took place in the early seventies when we were driving the inefficient monsters Detroit was manufacturing. It was only a short time earlier, smaller and more efficient foreign cars arrived in the US from places such as Japan. I was fortunate to snag a Datsun […]

Is the solution to global warming atomic or diatomic

Also, is the solution just dissolved iron sulfate or also dissolved silica ? Sorry for the pun in the title. It is a reference to one of the hives on twitter — the nuclear energy enthusiasts who note the large fraction of zero carbon electricity currently produced by nuclear reactors.* Another approach to dealing with […]

The two-state solution still looks least bad to me

I do not follow the conflict between Israel and the Palestinians closely because it is complex, well outside my area of expertise, and deeply depressing.  I find it depressing because I have always believed in a two-state solution, and it has long been difficult watching that goal slip ever further out of reach.  After the […]

Real average wages declining, while real aggregate payroll gains remain below peak

Real average wages decline, while real aggregate payroll gains remain below peak  – by New Deal democrat With the report on September inflation yesterday, we can update two measures of how well average American workers are doing: real average wages and real aggregate payrolls. Nominally wages increased 0.2% for the month. With consumer prices up […]

Open Thread October 14 2023 State of Global Water Resources 2022

State of Global Water Resources 2022, World Meteorological Organization, wmo.int. The hydrological cycle is undergoing significant changes, with increasing global variability. Mainly due to climate change and human interventions. Living with Water Scarcity, Angry Bear, Dan Crawford, Living with Water Scarcity (2nd edition), The one-handed economist, David Zetland.

Drones again (this time on the side of Evil)

It appears that one important source of the appalling success of the Hamas terrorist invasion of Israel was their use of Drones. Israel relied on a medium tech remote sensing and viewing system with video cameras and remote-controlled machine guns connected to controllers through a cell-phone like system. Hamas used drones to knock out the […]

Status Quo Bias all time winner: the rules of the senate

Currently US ally Israel is responding to a massive terrorist invasion. The US response is slightly hampered by the fact that the  United States has “no confirmed ambassadors to Israel, Egypt, Oman, or Kuwait”, also “the counterterrorism envoy position and human rights envoy position as well as the top job at the U.S. Agency for International Development […]

September inflation was moderate, Except for . . .

Except for fictitious shelter and vehicle repairs, September inflation was moderate  – by New Deal democrat With the main exception of fictitious shelter, consumer inflation in September remained relatively subdued, but as anticipated has stopped decelerating. First I’ll look at the headlines, then the problem children. Total inflation (blue in the graph below) rose 0.4% […]

Medicare Advantage Artificial Intelligence can Limit Care for Patients

At Angry Bear, we have one person and his wife using a KFF Medicare Advantage plan. He reports good to excellent care being the result of the KFF plan. Potentially there still can be cost issue even with KFF plans. This commentary by KFF Health News is about Medicare Advantage plans in general. Read on. […]

China and the economics of seafood

When we moved to New England last year, I looked forward to eating more seafood, locally sourced. The first clue I had that my expectations were not grounded in reality was when I discovered that the cod in grocery stores was Alaskan/Pacific cod. Turns out, a lot of the seafood on your plate was likely […]