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My early take on the ACA-contraception-mandate-case argument: Alito conflates the Securities Exchange Act with state-law corporate-structure statutes (yikes); Kennedy really, really wants to give corporations the full complement of human constitutional rights; and Scalia really, really needs to limit this ruling to an interpretation of the Religious Freedom Restoration Act.

…the ruling would not be a First Amendment corporate-rights decision. The First Amendment prospects for an implicit narrowing of Citizens United was the main focus of my post yesterday. But…

What the Supreme Court’s refusal today to agree to decide whether to strike down the federal statute that bars corporations from making contributions directly to candidates and political parties might suggest about the outcome of Hobby Lobby

…the First Amendment rights of their human-citizen shareholders. Which presents the question of why CEOs of publicly-traded corporations should be entitled under the guise of the First Amendment’s speech clause…

January 2022, Monthly Construction Spend

…take the difference between the 4th quarter inflation adjusted average and January’s inflation adjusted spending  as a fraction of inflation adjusted 4th quarter GDP, and find that January construction spending is…