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

Now a Convicted Felon

Been waiting for Joyce Vance to comment. And why? Bio Now: Law Prof, MSNBC/NBC Legal Analyst, Podcaster Before: US Atty, Fed’l prosecutor. Always: Wife, Mom, Dogs, Cats & Chickens, Knitting. We are hearing from many people who simply refuse to accept the fact the man is an instigator of the attack on the capital, a briber of […]

April personal income and spending: a flat report consistent with either a temporary pause or weakness ahead

 – by New Deal democrat Personal income and spending have become one of the two most important monthly reports I follow. This is in large part because the big question this year is whether the contractionary effects of Fed tightening have just been delayed until this year, or whether the fact that there have been […]

The Trump conviction, first thoughts

It’s far from clear the conviction will have much effect on the race.  Most people will not learn much from the conviction.  Small effects could go either way:  marginal Trump voters could turn away from him, stronger partisans could become more mobilized, etc. I don’t want him thrown in jail, which I guess is unlikely […]

Another Administration Win in Medicare Drug Price Negotiation Lawsuits

by Sheela Ranganathan and Zachary Baron Health Affairs Introduction: This article is discussing the efforts of the pharmaceutical companies attempting to block Medicare and the government negotiations with them for pricing. Early on in the District Courts, the pharmaceutical companies are being denied standing. This is why I posted the article. The cases may still […]

Slight increasing trend in initial jobless claims, but continuing claims continue slightly lower

 – by New Deal democrat Initial jobless claims rose 3,000 last week to 219,000. More importantly, the 4 week moving average rose another 2,500 to 222,500, the highest level in 9 months. With the usual one week lag, continuing claims rose 4,000 to 1.791 million: On the one hand, it does appear that claims have been […]

“I’ve shown you who I am and Trump has shown you who he is

And today, Donald Trump is pandering and peddling lies and stereotypes for your votes so he can win for himself, not for you.” No truer words can be spoken. Prof. Heather has an excellent take and explanation of the current situation. Reality verses the lies of trump. May 29, 2024 by Heather Cox Richardson Letters […]

plata o plomo

SIlver or lead was something Pablo Escobar liked to say. It means do what I want and I will give you money (plata) if you don’t I will use lead to kill someone close to you. I just noticed that it is the Spanish translation of a debate the US should have about the apparent […]

The good news, bad news economy

 – by New Deal democrat We’ll get weekly unemployment claims tomorrow, and the very important personal income and spending report Friday, before we begin the slew of reports for the beginning of June next week. But since there’s a slow news day today, let’s take a bigger picture look at the state of the economy. […]