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

How is Labor in Europe? Check out Switzerland

Not so long ago, I was working in Riethem-Weilhem Germany for the Germans, of course. A smaller ($1 billion) automotive company. My US position was in Cazenovia, NY where the Rockefellers used to hang out in their mansion on the south end of Lake Cazenovia. It is now called the Brewster Inn. While in Germany, […]

Are personal consumption expenditures a helpful forecasting (or even nowcasting) metric? An overview

Are personal consumption expenditures a helpful forecasting (or even nowcasting) metric? An overview  – by New Deal democrat As I’ve noted a number of times recently, in addition to payrolls the other positive datapoint keeping the economy growing is real personal spending. Here is what it looks like in total, plus broken down by goods […]

Narrowing the scope of the 1972 Clean Water Act

One would have to be totally unknowing or have a ignorant disregard for wetlands near streams, rivers, and lakes. Wetlands purify our water by removing sediments and other pollutants including chemicals. Wetlands also filter and process excess nutrients that may runoff from agricultural and development sites. Wetlands hold on to the water long enough to allow […]

Open Thread June 12, 2023 SCOTUS on Wetlands

Alito pretends physics does not exist. Nearby wetlands do not matter unless they have a surface connection to a stream, river, or lake. The notion a wetland can only be linked to streams or lakes by a continuous surface connection—presumably visible to the justices themselves—is fundamentally at odds with hydrology or the science of water. The movement […]

The Thought running Through my Mind was “Who will be the Judge in Florida?”

The second question; Why do Repubs get to pick the judges they wish to appear before? And the third question? Why do Dems get whatever is available? I was thinking about this happenstance on Friday when I read trump would appear in Federal Court in Florida. And yes, trump appointee Judge Aileen Cannon came to mind. […]

Still

Meanwhile, Trump is on the campaign trail busily trying to foment another insurrection/revolution a la Jan 6th. Can’t but still wonder if there isn’t something darker than the documents driving this desperation.

A Few Sunday Morning Reads

Niagara Falls: Some things never change, Carbon Upfront, Lloyd Alter. In 1882 Oscar Wilde noted that “Niagara will survive any criticism of mine. I must say this, however, that it is the first disappointment in the married life of many Americans who spend their honeymoon there.” (Calling it the second disappointment is a misquote) I recently […]

Replenishing the Strategic Petroleum Reserve

“This success can translate to a more transformative and permanent paradigm shift for US energy policy, but the DOE’s success paves a clear path to future successes.” The SPR strategy being, “how long can the US hold out against a hostile Middle East?” The Saudis appear to favor trump over other US politicians. Maybe appeasing […]

Real business sales estimate: up 0.3% in April, but still below January peak

Real business sales estimate: up 0.3% in April, but still below January peak  – by New Deal democrat Let me start today by re-upping this graph of the current state of the coincident indicators mentioned by the NBER as data that they track: As I wrote earlier this week, the two positives keeping the economy […]