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

The Short Version–Piketty

June’s issue of Atlantic Monthly brings to the reader a series of graphs as presented by Derek Thompson’s “How the Rich Shall Inherit the Earth”. The article gives a pictorial representation of what has taken place since the eighties in skewing income to a small, very small group of individuals numbering < than a hundred […]

Quelle Surprise, Labor Productivity is Up while Labor Wages are Still Down!

BLS economist Shawn Sprague writes What Can Labor Productivity Tell Us About the U.S. Economy? Labor worked the exact same number of hours in 1998 as they did in 2013 or ~194 billion hours. While there was no growth in the number of hours worked, the Non-Institutional Civilian Population grew by 40 million people, and […]

The War on Private Citizens and Organizations Feeding the Homeless

It has been the political right’s mantra of welfare and charity being best done by private organizations rather than be government sponsored. 50 years have passed since President Johnson declared war on poverty. It was declared an abject failure by the right as it did not make people independent nor did it make people want […]

Thanks, But We Still Hate Obamacare!

Greg Sargent gets a great nugget from Democratic pollster Celinda Lake, who “recently conducted a statewide poll in Kentucky for an unnamed client and found that Kynect polls very positively, in contrast to Obamacare, which is underwater.” Kynect is the Kentucky version of the Affordable Care Act exchange. To the extent the polling is correct, […]

“The US Labor Market is Not Working;” Antonio Fatas “On the Global Front”

This particular post was first picked up at Economist’s View and fits with Sandwichman’s posts on Labor. I have been watching Participation Rate in conjunction with U3 since 2001 along with others such as Laurent Guerby and while the US has decreased in the numbers of people in the Civilian Labor Force, our counterparts in […]

Polk County Arkansas 9th Street Ministries Medical Mission Clinic is Closing

After providing free medical services to individuals without Medicare, Medicaid, or commercial insurance since 1998, Polk County, Arkansas’ 9th Street Ministries medical clinic mission will be closing its doors on April 24, 2014. Although the clinic faced funding difficulties during the Great Recession, the reason for its closure is unrelated to finances or lack of […]

How Many of Obamacare’s New Enrollees Were Uninsured Last Year? Why It Doesn’t Matter

Maggie Mahar on the Uninsured: As I explain in an earlier post, Charles Gaba, the enrollment guru who has been tracking Obamacare sign-ups since October, now estimates that by April 15, some 17 million Americans will have purchased their own insurance policies either in the Obamacare Exchanges (8 million) or off-Exchange (9 million) But how […]

Obamacare Enrollment Heads for 17 million

by Maggie Mahar at The Health Beat Blog. Charles Gaba, who has become the “Nate Silver” for Obamacare enrollment numbers; now predicts that by April 15, 17 million Americans will have purchased their own healthcare coverage. His back-of-the-envelope estimate includes “a nice round 8 million”  who buy policies in the government marketplaces. In parentheses, he […]

The End of the Untouchables Era: The Coming End of Institutionalized Federal and State Judicial Abuse of Office [UPDATED]

Last Thursday (Jun. 27) I posted a piece here titled “Poetic Justice for Justice Alito.  Maybe.”, that discussed the concerted and deeply successful effort begun in the mid-1980s by the Reagan-era appointees to the federal appellate bench and continuing unremittingly since then, to invite virulent abuse of litigants and lawyers by judges—the more overt and […]

Smoking is All About Poverty

by run75411 Smoking is All About Poverty I raised the issue of why the elderly pay more than smokers for healthcare insurance since growing old is a natural occurrence and smoking and its associated disorders is self-inflicted. I raised it after STR said smokers are being robbed and I pointed out the elderly non-smokers and […]