Socially Ambivalent Labour Time IV: TSV part 2, chapters 8, 9, 16, and 17 Nothing notable in these chapters. Chapter 8: Poor quality land requires more labour time than socially necessary (which is to say the average labour time required to produce a given output). Chapter 9: Socially necessary labour time is permanently established in […]
by New Deal democrat Weekly Indicators for July 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. To the surprise of many, interest rates have gone down in the past few weeks, to the point where they have resumed being a positive in my long leading model. Meanwhile, as the […]
Topical thread Unemployment is socially necessary.
Coronavirus dashboard for July 12: the completely preventable “delta wave” is here The completely unnecessary and preventable “delta wave” of COVID infections, hospitalizations, and deaths is now in force – all three metrics are now rising nationwide. Here are the 7 day average of confirmed cases (thin line) and deaths (thick): Cases have gone up […]
Almost Record Heat In Death Valley My niece, Erica Werner, is a reporter for the Washington Post. She long covered heated debates in Congress over economic policy, getting on the front page a lot as during the passing of the Covid relief bill earlier this year. But then she moved to South Pasadena, CA a […]
Steve Hutkins from Save The Post Office, “Why the USPS proposal to reduce service standards will cause “undue discrimination” The Postal Service’s plan to reduce service standards is now being reviewed by the Postal Regulatory Commission for an Advisory Opinion. On Monday, June 21, the Postal Service and several of the intervenors in the case […]
Professor Heather Cox Richardson, A history professor interested in the contrast between image and reality in American politics. I believe in American democracy, despite its frequent failures. “Letters from An American“ On Friday, as President Joe Biden signed “An Executive Order Promoting Competition in the American Economy,” he echoed the language of his predecessors. “[C]ompetition […]
US crude supplies falling at a record pace, down 17.4% YoY; gasoline output at a 22 month high; record gasoline demand The Latest US Oil Supply and Disposition Data from the EIA, RJS, Marketwatch 666 US oil data from the US Energy Information Administration for the week ending July 2nd showed that even after a sizeble […]
The Removal of Robert E. Lee’s Statue from Charlottesville Early this morning the statue of Robert E. Lee was finally removed from a park in the city of Charlottesville. This issue had brought the awful racist riot on August 17, 2017, which led to Heather Heyer being killed by a racist in a car. A […]