Joel is taking off for a week or two visiting some mountainous areas in the northeast. Yeah, he may be posting once and a while on vacation. I asked if he can do similar to what he did this morning. For Joel, it is far easier than it is for me to come up with […]

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Is modern life really so complicated? What most Americans do is get themselves into lots of credit-card debt. Which if you understood what cumulative interest means, that is, if you had just the most elementary calculus or even just really understood your multiplication tables, maybe you would be able to avoid. The best defense of […]

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 – by New Deal democrat Yesterday our month started out with reports that manufacturing in August was less positive than in the several months prior, while construction (ex-AI data centers) was absolutely recessionary. This morning was followed up by the final July report on manufacturers’ durable goods orders, a short leading indicator.  While total durable goods […]

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Silence of the lambs . . .I am beginning to believe the present Congress shows the same attributes as silent lambs waiting to be slaughtered, too scared to push back against Tr__mp, or run away. Congress is not challenging the President the same as they might challenge a Democrat or Republican. Is Congress really satisfied […]

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None of the following should come as a surprise. Politicians consisting most of Republicans have been clamoring for the reduction or elimination of the ACA. If you have forgotten, the ACA came into being during the Obama presidency in 2009. During a tense period in the Senate, the Bill passed with 60 Democrats voting Yea […]

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A legal Opinion on the legality of Trump’s Actions . . . The Supreme Court took another major step toward letting Donald Trump be the king by essentially saying no one can sue to challenge his unconstitutionally demolishing the East Wing of the White House to build his huge ballroom. In coming to this conclusion, the court […]

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I don’t write much about AI; it’s above my pay grade.  But last night I couldn’t sleep and I read this piece by Scott Alexander responding to this post by Nicholas Decker. To simplify greatly (read the originals – they’re both very interesting):  Decker argues that we cannot fix problems with AI in advance.  Instead, […]

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It really is very, very unwise indeed, in the practical ethics of international relations for democracies to make war unprompted—on preemptive grounds—when alternative strategies are available to them. Because that is corrosive, not only of the exemplary quality of democracies—without which they cannot lecture dictatorships—but is also internally corrosive of what democracies are supposed to […]

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 – by New Deal democrat One piece of data released yesterday that I didn’t report on was the JOLTS labor market report for July. This parses turnover in the market by hires, layoffs, and quits, among other things. It is a minor indicator, but let’s take a look. The first graph below shows the “soft […]

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J.P. McJefferson Thoughts The Supreme Court’s White House ballroom decision raises a question much larger than the ballroom: What happens when presidential action may be unlawful, but no one with an obvious right to challenge it can get into court to stop it? [National Park Service, et al. v. National Trust for Historic Preservation in the […]

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Editorial in mid-August by the New York Times with the writer asking why Republicans se fit to strip much of the public who can not afford healthcare or insurance or access to the ACA healthcare plan. Much of the nation lack the income to pay for healthcare and were dependent on the ACA subsidies. In […]

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Last night on Truth Social, our President: I’m not trying to force Iran to the bargaining table, as ABC Fake News reported. I couldn’t care less if they sign a worthless, to them, agreement. I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing. They […]

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My department is named for Edward A. Doisy, who shared the 1943 Nobel Prize in Physiology and Medicine for the discovery of vitamin K. He was the founding chair of my department, which was 100 years old in 2024. Naturally, I have more than average appreciation for this discovery and its medical impact. “The rate […]

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 – by New Deal democrat There are times when there is little new economic data of import, and not too much else to say. At other times, the import of particularly striking data on even long term historical trends could justify entire book chapters almost overnight. Right now is one of the latter. Bear with […]

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So, what is going to happen in 2027 for unsubsidized ACA Healthcare Insurance premiums? Well, the states have filed for anything from a 6% increase to a 22% increase (weighted average). The premiums will be anywhere from $576/month to $1542/month. Charles has been analyzing the ACA for as long as I have known him in […]

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Robert Reich on US Debt: What’s REALLY driving up the U.S. debt, which just reached the $40 trillion milestone? I (Robert) appeared recently on CNBC to explain that. Contrary to the conventional rightwing view, it’s not due to government spending on social safety nets. It’s . . . “What’s Really Driving Up the Debt?” Robert Reich

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“President Donald Trump’s nominee to lead the Food and Drug Administration previously called on conservatives to create new academic journals and to fund science that would explicitly back right-wing policy goals. “Heidi Overton made the comments in a December 2023 appearance on The Tank, a podcast by the conservative think tank America First Policy Institute. […]

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Keynes is spinning in his grave.

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