Manufacturing and construction sectors continue downward pull on economy – by New Deal democrat As usual, we start the month with new manufacturing and construction data. The ISM manufacturing index goes all the way back to the 1940s, and has been a very good short leading indicator of recession throughout that time (although nothing’s perfect!). […]
I (run7511) resurrected this commentary from March 2013. It is a realistic commentary about what John Roberts is all about. A take on what they were discussing then and how SCOTUS is reacting today. WASHINGTON — As the justices of the Supreme Court struggled with the question of same-sex marriage this week, politicians in Congress […]
Similar story as what Medicare Advantage does in comparison to Traditional Medicare. Denials in commercial healthcare sound very similar as to what is found in Medicare Advantage plans. Similarities are the same companies sell both types of healthcare insurance. What has come into play with commercial healthcare is the PPACA which can force commercial healthcare […]
The Constitution does not impose complete separation between the judiciary and the political branches. Instead, it establishes a federal judicial branch that is separate from the legislative and executive branches and benefits from certain important protections3 but also grants the political branches, and especially Congress, substantial power to regulate and otherwise influence the federal courts. […]
SUNDAY, JULY 2, 2023 Weekly Indicators for June 26 – 30 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Movement among the indicators continues to be slow as molasses, but an important bifurcation stands out: indicators focusing on services continue to show good growth, while indicators focusing […]
Pretty self-exclamatory and not needing a comment by me. The Supreme Court’s ban on affirmative action means colleges will struggle to meet goals of diversity and equal opportunity, Economic Policy Institute, Adewale A. Maye After extensive deliberation, the Supreme Court has delivered a landmark ruling that effectively prohibits the use of race-based affirmative action in college admissions. […]
As read at Naked Capitalism, Yves Smith writes . . .”This post provides a high-level debunking of the Fed/central bank approach of squeezing wages as the first line of attack against of inflation. It cites the views of James Galbraith. If you’d like to read a fuller discussion, please see his article The Quasi-Inflation of 2021-2022 […]
Some confounding SCOTUS decisions which do not have logical backing and are more partisan than normal. There is no standing on either of these cases. 303 Creative LLC v. Elenis This SCOTUS ruling is puzzling to me in that it brings up the question in my mind of when is harm done? “303” was not asked to […]
This is a pretty good take on what happened at SCOTUS for 303 Creative LLC v. Elenis and Nebraska (which had no standing) v. Biden. Recently and along similar circumstance, the court rejected complainants’ cases due to not having standing. In this instance, the court changes its tune. Ankush explains the reasoning for the court’s decision being […]
Real income continues to set records, while real spending and real total sales falter – by New Deal democrat Real personal spending faltered in May, and real total sales continued to falter in April, as of this morning’s report; while real personal income continued to be aided by the big decline in gas prices that […]