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

RFK, Jr, race and COVID-19

Robert F. Kennedy, Jr, the notional Democratic presidential candidate, made himself even more foolish than he already was recently by speculating that the SARS-CoV-2 virus was engineered to protect people of Chinese and Jewish descent. Setting aside the fact that there is zero evidence that the virus was engineered and most evidence points to an […]

Considering Alternatives to Patent Monopoly Financing of Drug Development

There is more to this story than just making technology open to the public so others can manufacturer it. Think about what is being said here. The manufacture of face masks went overseas. When many were needed, foreign manufacture could not keep up and the prices were ridiculous. We are in a situation of whether […]

Not All Non Profit Hospitals Deserve Tax Exemption Status

This is the third or forth I have seen concerning Non-Profit hospitals. The issue being whether a Nonprofit hospital provide enough nonprofitable care to be considered nonprofit which entitles them to tax exemptions. As the authors discuss, some for-profit hospitals provide greater nonprofit care. Read on and I am sure there will be more to […]

June housing report: a tale a two diametrically opposed sectors

June housing report: a tale a two diametrically opposed sectors  – by New Deal democrat Yesterday I wrote that housing under construction, along with new vehicle sales, were two important reasons that no economic downturn had occurred yet. Today’s report on housing construction for June showed two almost diametrically opposed trends: single family houses had […]

Deficits, Debts, Surpluses, Borrowing, Budgets, etc. Processes

Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing […]

Some Healthcare Detail on costs, smoke, and morphine.

Three healthcare issues that are relevant to today. Things we should be talking about. If you remember Merrill Gooz had a chart up showing healthcare costs have been around 17%. For more than a decade, CMS and CBO consistently overestimated the growth in health care spending, which undermines efforts to spend more on health-related social […]

Industrial and manufacturing production continue to falter

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this […]

June retail sales continue to falter, with the important exception of motor vehicles

June retail sales continue to falter, with the important exception of motor vehicles  – by New Deal democrat As usual, retail sales is one of my favorite indicators, because it tells us so much about the 70% of the US economy that is consumption, as well as being a short leading indicator for employment. It […]