Speak Your Mind 2 Cents at a Time
Western “Values” … | Homeless on the High Desert Dog named Cricket got a raw deal from an owner who could not train it, so took the easy way out. And she wants to be in the White House? ~~~~~~~~ Donna asked me about this the other day and it doesn’t seem to be going […]
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A comment on an AB thread recently reminded me that I needed to update my understanding of the economics of long-distance travel by plane vs car: “In 1970, flying was twice as energy intensive as driving, but that has reversed. In 2012, the most recent year counted, driving one person one mile took 4,211 BTUs, […]
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A while back, I exchanged emails with the International Energy Agency. My goal was to find out what I could present, what I could not present, and also gain permission to utilize their charts and detail. They said yes. The detail here is on EVs in general and what countries are doing the most. As […]
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Each year in retirement, we take a certain amount of funds from our IRAs and it becomes income. This is a bit different than when we were paying regular income taxes on our yearly income minus investments. I was curious about this as the big story today is rich people slugging away thousands and maybe […]
The post Turning Retirement Accounts for the Middle Class Into a $5 Billion Tax-Free Piggy Bank appeared first on Angry Bear.
Weekly Indicators for April 29 – May 3 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Very little change this week in any of the indicators, but what there was had everything to do with the frame of reference, because all gas prices under $3/gallon have now dropped […]
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by Megan Messerly One more ACA rule was finalized by Biden today. Not something huge in numbers; but something which will impact a few thousand people. People who were allowed to stay in the US or under a program called. Deferred Action for Childhood Arrivals or DACA. A coalition of states, Alabama, Arkansas, Louisiana, Nebraska, […]
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Saturday stuff to quibble about. It appears Indiana Fever’s newest basketball player, Catlin Clark is being mobbed and followed as she travels to other cities to potentially play. It was bad in DFW Airport, Clark and her teammates were followed by reporters, with assorted other onlookers also wanting an eyeful of the star. The Indiana Fever […]
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Some thoughts on recent developments . . . Elite persuasion and its limits News reports suggest that President Biden got Speaker Mike Johnson to put a Ukraine aid bill on the floor of the House through good, old-fashioned persuasion: Biden and his team convinced Johnson it was the right thing to do by sharing intelligence […]
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– by New Deal democrat In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: All three of these metrics came in negative, in the sense of the lowest gain in jobs since last […]
The post April jobs report: counterbalancing March’s blockbuster good report, the first significant “ding” to the soft-landing scenario in months appeared first on Angry Bear.
Ever since Reagan and Thatcher first tried them, trickle-down policies have exploded budget deficits and widened inequality. At best, they’ve temporarily increased consumer demand (the opposite of what’s needed during high inflation that Britain and much of the world are experiencing). Reagan’s tax cuts and deregulation at the start of the 1980s were not responsible […]
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by Andrew Sprung The latest scam in healthcare involves being enrolled in a different healthcare plan than what you initially enrolled in the beginning, The new ACA plan which will not be as good as the one you had. How easy is it for someone to do so to the enrollee? It can be done […]
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by Dean Baker Commerce Department reported that GDP grew at a 1.6 percent annual rate in the first quarter, some-what lower than had generally been predicted. However, the headline number was held down by slow inventory accumulation, which subtracted 0.35 percentage points from growth, and a big rise in the trade deficit, which lowered growth […]
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– by New Deal democrat The snooze-a-thon in jobless claims continues, as both initial and continuing claims are well-behaved within the narrow range where they have been generally for the past six months. Initial claims were unchanged least week at 208,000, while the four week moving average declilned -3,500 to 210,00. With the usual one […]
The post The snooze-a-than in jobless claims continues; what I am looking for in tomorrow’s jobs report appeared first on Angry Bear.
Doug Smith Los Angeles Times Monthly payments for housing could get thousands of homeless people off the streets. It sounds like a voucher idea where the funds could only be used only for housing, apartments and heat and electricity. Or paid directly. A stipulated basic income to house thousands of homeless people in various situations […]
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By Pam Martens and Russ Martens: May 2, 2024 ~ When the Financial Crisis Inquiry Commission released their final forensic report on the causes of the 2008 financial collapse on Wall Street – the worst collapse since the 1929-1932 collapse – it pointed to hidden leverage in off-balance sheet entities at the megabanks on Wall Street as a key driver of the crisis. It wrote: “From 2000 to 2007, large banks and thrifts generally had $16 to $22 in assets for each dollar of capital, for leverage ratios between 16:1 and 22:1. For some banks, leverage remained roughly constant. JP Morgan’s reported leverage was between 20:1 and 22:1. Wells Fargo’s generally ranged between 16:1 and 17:1. Other banks upped their leverage. Bank of America’s rose from 18:1 in 2000 to 27:1 in 2007. Citigroup’s increased from 18:1 to 22:1, then shot up to 32:1 by the end of 2007, when Citi … Continue reading →
I first caught up with this article on MedPage Today, “Doc Blows Whistle on Cigna.” This is another example of what is going on to cuts costs by reducing the time to decide on important procedures and functions which require critical analysis. Doc Blows Whistle on Cigna Cigna increased its efforts to speed up claims […]
The post A Doctor at Cigna Said Her Bosses Pressured Her to Review Patients’ Cases Too Quickly appeared first on Angry Bear.
by Steve Roth Wealth Economics This picture from the Center for American Progress, and variations, have been making the rounds on the interwebs lately, eg here, here, and here. The headline is that younger households got 49% richer during/since Covid, in inflation-adjusted “real” terms. But some drill-down is in order here. What actually happened? Start with background. Here are the nominal […]
The post How Did Under-40s Get So Much Richer During Covid? appeared first on Angry Bear.
– by New Deal democrat After almost half a year of general stabilization, or very slow deceleration, the JOLTS report for March featured multi-year lows in almost all of its components. Job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling listings, declined -325,000 to a three year […]
The post March JOLTS report: declines in everything, fortunately including layoffs appeared first on Angry Bear.
by New Deal democrat The Bonddad Blog A preliminary programming note: In addition to the manufacturing and construction reports, today we also get the JOLTS report for March, and updated motor vehicle sales reports. Yesterday we also got the Employment Cost Index for Q1. I will comment on the JOLTS report later today. I’ll comment on […]
The post Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either) appeared first on Angry Bear.
Law professor Eric Segall is a leading critic of the Supreme Court. In a blog post today, he doesn’t pull any punches: The disaster that wasthe Trump v. United States oral argument reminded me of how little the Roberts Court has actually cared about rule of law values and legal transparency during its 18-year run. Leaving aside […]
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