Dean is discussing Fees being charged to people. On the other side is insurance costs. Car insurance took a jump this year and we barely drive 5000 miles a year. Homeowner’s insurance is another cost. If you have less than a 20% down mortgage? More likely than not, there will be a mortgage insurance tied […]

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“How Invisible Capital Gains Drive Extreme U.S. Wealth Concentration: Evidence from Balance-Sheet-Complete Haig-Simons Accounting” Steve Roth @ Wealth Economics A dominant economic fact of the past half century is the extreme and increasing concentration of U.S. wealth into the hands of ever-fewer people, families, and dynasties, and the corporations (including banks, insurers, major media companies, […]

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My postdoc mentor used to say “We don’t compare ourselves to the worst, we compare ourselves to the best.” Does that aphorism apply in politics? “POLITICO REPORTED ON MONDAY AFTERNOON that Graham Platner’s ex-girlfriend said he “forced her to have sex with him nearly five years ago despite her repeated objections.” Immediately after the story […]

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“Guns don’t kill people. People kill people.” Well no shit, Sherlock. We want mandatory safety classes for people, not guns. We want more background checks of people, not guns. We want stricter negligence penalties imposed on people, not guns. If you’re stupid enough to think activists are pissed off at guns, you’re too stupid to […]

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 – by New Deal democrat The economically weighted ISM manufacturing + services indexes have become one of my favorite datapoints. In particular, in the past year they have been an excellent dashboard for the state of the US economy as a whole, both as a coincident and short leading indicator. Last summer they accurately suggested that […]

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The United States of America at 250: the enemy of Republics is entrenched power  – by New Deal democrat On America’s 250th anniversary, the state of the Republic is not good. Ten years ago, after the 2016 election, I embarked upon a reading journey, to seek an answer to the questions: are Republics fragile? Are they […]

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Sounds like a strategy to me. Been to China multiple times. Interesting place to go. We would fly in Beijing. The plant manager’s vehicle along with two drivers would pick us up and take us to the plant in Tianjin. We would spend a few days there listening to the issues, taking notes, and discuss […]

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A couple of commentaries by Robert Reich. Some history on a new candidate that is different than what is usually picked. This World War II PSA Warned Us About Fascism – Robert Reich Robert Reich: I came across this Public Service Announcement produced by the U.S. government in 1945. It seems apt today, on the […]

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A heat dome that covered southern New England finally moved on yesterday. The highs touched 100°F, and with the humidity, the heat indices were five degrees higher. I have a feeling this won’t be the last of it. “The world’s oceans are the hottest on record for June, pushing past records set during the 2023–24 […]

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I read Michael Klein’s (executive editor of EconoFact) conversation with Roger Lowenstein on the role of government in the economy. It is not terribly long. Maybe 10-15 minutes in listening and a bit longer in reading for me. I like to read as I dwell on what I read. Then I will go back and […]

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As you read Paul Krugman’s commentary on the Slaughter decision by SCOTUS, it is not that hard to understand why he is concerned about the results of the SCOTUS decision. I typically might say (in a normal situation) we could expect a president given this power would decide in a manner benefiting citizens. Not this […]

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Weekly Indicators: Still Strong Spending, Tepid Tax Payments Two cross-currents I mentioned in my long piece Friday were very much in evidence in the high frequency data this week: huge gains in aggregate YoY consumer spending, and very weak withholding tax collections. My take on this is that the top end of the income distribution […]

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Nearly three decades ago, I created a course for first year medical students called “Molecular Biology and Genetics.” Together with a clinical faculty, I co-directed the course for 22 years. There’s a piece over at Medpage about “niche careers” in medicine. Here’s one: “7. Medical Genetics and GenomicsMedical geneticists diagnose and manage hereditary conditions, using […]

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