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

Covid testing failure and the state of American democracy

A little-noticed part of Biden’s covid address last night covered testing.  He promised to use the Defense Production Act to ramp up production of rapid tests, to make at-home tests available through retailers at cost, and to increase the availability of free pharmacy-based tests. (A few details here.) Making testing faster, cheaper, and easily accessible […]

Power and Power Brokers, Doing Right and Doing Good

Biden and the Press Commenter Dale Coberly: I ran across this in Salon newsletter,  “Your daily update from Salon” Written by Brett Bachman. “Buried deep in President Joe Biden’s Tuesday speech on America’s withdrawal from Afghanistan was a line . . . one of those uncanny truth-telling moments that Washington power brokers rarely indulge in: Biden: “This […]

Record High July Job Openings, June  Record Revised Higher

MarketWatch 666’s RJS: 5th record in a row; job openings have risen 62% so far this year . . . Here is the Fred graph. Despite record highs, hiring is down and layoffs are up . . . Something is clearly broken. July Job Openings at Record High after June Record Revised Higher; Hiring Down, Job Quitting  and  Layoffs  […]

The unemployment rate is not *uniquely* overestimating the “true” employment situation

The unemployment rate is not *uniquely* overestimating the “true” employment situation Bill McBride a/k/a Calculated Risk put up an entry over the weekend positing that the employment situation is worse than the unemployment rate indicates. He bases this on the expectation that the overall labor force was expected to grow by 100,000 a month in 2020 […]

The Global Impact of the Fed’s Pivot on Asset Purchases

by Joseph Joyce The Global Impact of the Fed’s Pivot on Asset Purchases Federal Reserve Chair Jerome Powell announced last month that the Fed would slow its purchases of bonds, most likely by the end of this year. The timing of the cutback will depend on several factors related to the economy, and last week’s disappointing employment […]

About Medicare and the Costs of It

Everybody talks about Medicare, Medicare4All, Medicare Advantage. Few talk about costs or what Medicare consists of for those who qualify for it. How can someone be in favor of Medicare4All, if you do not understand what regular Medicare consists and what it costs. I am guessing most people believe it would be free. What if […]

Six hundred Louisiana Toxic Chemical Sites

I found this part of RJS’s report to be particularly interesting about the potential environmental risks in Louisiana resulting from a buildup of waste within the state. This has been accumulated over the years. There does not appear to be an effort to eliminate the waste and chemicals. ____________ Focus on Fracking: natural gas price […]