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

Stop Girdling the Post Office

Mark Jamison, Retired NC Postmaster at Save the Post Office, October 29, 2020 In forestry the practice of tree girdling is well known. Although there are some circumstances where this can be a useful practice, in most cases the technique is used for nefarious ends. Girdling involves removing the bark and layers below the bark, […]

Jobless claims: continued slow progress

Jobless claims: continued slow progress A quick note about the first report of Q3 GDP released this morning: the rebound is only about 2/3’s of the decline from last year. We are still about 3.5% below that number. On a *relative* basis, this was a “good” number, but on an absolute basis, this is still […]

DeJoy’s 57 Varieties of Cost Cutting: What’s in the new OIG report—and what’s not?

Steve Hutkins at Save The Post Office, October 26, 2020 In response to several inquiries from members of Congress, the Office of Inspector General has issued a report on “Operational Changes to Mail Delivery.” The report discusses the Postal Service’s plan to eliminate 64 million work hours — the equivalent of 33,000 jobs — by […]

Personal income and spending both surprisingly continued to increase in September, plus a note on GDP

Personal income and spending both surprisingly continued to increase in September, plus a note on GDP   Yesterday the first estimate of Q3 GDP was reported. Since this report includes 2 long leading indicators, it gives us insight into what the economy might be like in the 2nd half of next year. I have a […]

Coronavirus dashboard for October 27: The EU is now worse than the US

Coronavirus dashboard for October 27: The EU is now worse than the US Total US confirmed infections: 8,777,432* Average US infections last 7 days: 71,833 (new record high) Total US deaths: 226,695 Average US deaths last 7 days: 806 (vs. recent low of 689 11 days ago) *I suspect the real number is about 15,000,000, […]

Do we really want our rights to be determined by the understandings of centuries ago?

The Philosophy That Makes Amy Coney Barrett So Dangerous, NYT, Erwin Chemerinsky, October 2020, Opinion Piece If I did not know this man personally, I would have never looked to him for help and also advice from time to time.  It was only through a friend I wrote with at the old Slate site, I had […]

Abolish The Office of The Director of National Intelligence (ODNI)

Abolish The Office Of The Director Of National Intelligence (ODNI)  A sign that this entity should be abolished, and I mean really gone, done in, not with its parts redistributed to other entities, is that it is an entity defined by its director, not itself.  In preparing to write this post I checked on it, […]