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

Interesting Virginia Primary Results Just Moments Ago

Novice Tea-bagger Representative candidate Dave Brat just handed Republican House Majority Leader Eric Cantor a defeat in the Virginia GOP primary. A $200,000 campaign fund challenging a 6-digit campaign fund. Apparently, Cantor was not backwards, conservative enough for the 7th District Tea-baggers. “‘There needs to be a change,’ said Joe Mullins, who voted in Chesterfield […]

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

Polk County, Arkansas 9th Street Ministries will be closing its medical clinic mission April 24, 2014. It has been in place since 1998 offering free medical services to those who did not have Medicare, Medicaid or commercial insurance. The reason for its closure has nothing to do with finances or lack of support although I […]