April 10, 2008, at Economist’s View former Angry Bear writer Noni Mausa had this to say . . . Take the time. Watch this, I just did. It explains exactly why the middle class is in trouble and where the money has gone. Over on Angry Bear we were discussing who can afford children, in […]
Will the Inflation Reduction Act (IRA) Reduce Inflation?, Econospeak Probably not, but it also will probably not increase it either. This is the judgment of the Congressional Budget Office and also the Penn Wharton Budget Model, as well as libertarian economist Tyler Cowen of George Mason, who is critical of much of its content. It […]
An Introduction Ok, What is or who is The Lever? “The Lever, formerly known as The Daily Poster, is a reader-supported investigative news outlet that holds accountable the people and corporations manipulating the levers of power. The organization was founder and owner is David Sirota, an award-winning journalist and Oscar-nominated writer who served as the presidential campaign […]
Ninety year-old electronics company executive Barre Seid donates his funds to a new right-wing organization. Marble Freedom Trust, is controlled by Leonard A. Leo, the co-chair of the Federalist Society, who has been instrumental in the right-wing takeover of the Supreme Court. Leo has also been prominent in challenges to abortion rights, voting rights, climate […]
Bill McBride at Calculated Risk (8/23/2022 02:21:00 PM) had this report on mileage driven for June 2022. I am sure as Bill suggests gasoline prices may have played a role in the decrease. I wonder too if Covid kept people from travelling too? One of the links to the DOT page also shows travel by […]
July personal income and spending: more modestly good fallout from lower gas prices There was more good fallout from the recent decline in gas prices in today’s July report on personal income and spending. Personal income rose 0.2% for the month nominally, and nominal spending rose 0.1%. But because the relevant measure of inflation, the […]
Europe is facing far more energy issues than what the US has faced. We moan about increase gasoline prices which still have not reached the height of them in 2008 when inflation is taken into consideration. David touches upon considerations to be taken in determining a solution. “Price gouging or shortage. Choose one.” – The […]
Something interesting is happening in Texas. Agricultural Commissioner Sid Miller’s office has made a hard push on a marketing campaign for a renewed push for the Farm Fresh Network. Including a new website design. To catch you all up, the Farm Fresh Network was an initiative created by the Ag Commissioners office in 2015 that […]
Jobless claims: put the recession on hold! (For now) For the last several months, there had been nearly a relentless slow increase in new jobless claims. That trend has broken, at least for now. Initial jobless claims declined by 2,000 to 243,000. The 4 week average, however, increased by 1,500 to 247,000. Continuing claims declined […]