A recent piece in the Wall Street Journal . . . Erica York “Do Tariffs Cause Inflation? New Studies Offer Surprising Answer?” The article highlights two economic papers that have found tariffs usually have not led to higher inflation (or only slight pickups), likely because tariffs tend to hurt the economy and reduce demand. If you read my November newsletter, you would not be surprised by those […]
This is a nice piece explaining what is occurring with a small percentage of the US population. There is more to this than what is here. The tax breaks accumulated for those of the upper one percent are the result of Trump’s manipulation of tax laws. For example, Households with incomes in the top 1 […]
A view of the Greenland controversy as seen through the eyes of another country, reported by the Bangkok Post, Thailand. As I read this news article, the Bangkok Post is in a presentation mode and not taking a position. Such could be the result of Thailand’s relationship with the United States. A viewpoint from outside […]
A good read as composed by Jack about Nixon and doing a comparison of Nixon to Trump and foreign policy. Jack is another writer I subscribe to. I usually pull up his old articles so as not to take advantage. We exchange a conversation from time to time. I lived in Michigan for a couple […]
This is kind of stupid. It appears the National Park system is going to charge noncitizen tourists or customers a much higher fee to enter US National Parks. Now why would this be so ignorant? When you think about it, many of these parks are in areas which require some degree of travel. This means […]
According to press reports, the Trump Administration is considering military attacks on Iran. This act of war, like all wars, is likely to have unintended consequences. The myth is that such foreign attacks free domestic opposition to topple the regime (see, e.g., the Bay of Pigs). More often, they only serve to rally citizen support […]
Important piece as written by Joyce Vance rebutting Trump’s Version of January 6: “The Dangerous Revision of Jan 6 History on ‘The Official WH Website’” Civil Discourse with Joyce Vance As I wrote to you last night, five years on from January 6, Donald Trump is trying to rewrite the history of the insurrection. The White House […]
I believe we are experiencing delays in assistance to citizens due to a lack of employees in the government agencies. The layoffs were only a small amount of the people who have left the Federal Government. Most of the departures were voluntary. Think about it. Two people who have to much influence and power are […]
Things were looking grim for federally funded science earlier this year: • Trump proposed an overall cut in science funding from $198 to $154 billion, a reduction of 22% that would have been the largest reduction in federal science spending since World War II: • Trump proposed that the National Science Foundation budget be slashed […]
– by New Deal democrat [Note: Housing permits, starts, and units under construction were also updated this morning for September and October. I will post my remarks on this report on Monday; but in summary I can say it remained recessionary, with some possible “green shoots” that may indicate a bottom.] This morning’s jobs report for […]