“Arctic sea ice makes new record low annual max,” National Snow and Ice Data Center  – by New Deal democrat On Sunday I occasionally post about topics of interest unrelated to economics. So today, let’s take note of a significant milestone in global warming. Specifically, the arctic has just had its lowest peak ever for sea ice […]

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– by Paul Krugman And why you shouldn’t panic over trade deficits AB: I offer no opinion of Krugman’s thoughts here. Although Paul does state; having a president obsessing with trade imbalances does create issues for the US and the population. To balance out Trump’s obsession, the administration has economists willing to provide arguments to […]

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Residency is a mandatory step to achieving medical licensure in the US. Most residency programs are managed by hospitals, although my medical school is one of the ca. 10% that manages its own residency programs. The federal government, primarily through Medicare and Medicaid, is the largest source of funding for Graduate Medical Education (GME), which […]

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Trump and Vance insist that Denmark and Greenlanders must cede control of Greenland to the United States. Trump has made not-so-veiled threats to seize Greenland by force. A US invasion and military occupation of Greenland would ostensibly be justified on national security grounds, to protect the region from Russia. A similar justification has been voiced […]

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It always comes up! People could have greater savings if the funds were invested on Wall Street entities, etc. This can be true. It comes to mind though; can you afford to lose it? Will someone replace it for you if it is lost? No one will replace it for you if it is lost. […]

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Real income, spending, saving, and sales continue to be expansionary  – by New Deal democrat Real income and spending are two of the most important indicators of the well-being of the consumer. With the general weakening of the economy, I have been looking to see if in particular real spending on goods would sputter. Signs […]

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This particular piece (or partial) is taken from an article written in 2015. You can pick up the entire piece at “KelloggInsight.” It is an abbreviated version of the article detailing what took place in 2008. Our economy was on the verge of collapse. Goldman Sachs made a collateral call on AIG. The results of […]

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Brief commentary as taken from Tax Fairness. Good Stats and comparisons. And brief in making its point on immigrants as compared to corporations and income taxes. “How Undocumented Immigrants Contribute to Our Economy & Pay Higher Tax Rates Than Many Major Corporations,” Americans For Tax Fairness In 2022 America’s 10.9 million undocumented immigrants paid $96.7 billion […]

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Weekly Indicators for March 24 – 28 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The most important news in high frequency data was that we now have 4 of 5 reports from regional Feds for March, and all four showed a decline from last month, and 3 […]

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Detailed information commentary by the “Center for Children and Families.” Whacking Healthcare for tax breaks. Somewhat edited. Probably needs more . . . Detailed . . . “Medicaid Work Reporting Requirements: More than Meets the Eye,” Center For Children and Families Republicans from President Trump on down are trying to hide the ball on how much they […]

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Well, the topic in the latest Common Dreams flies under the descriptor title. “Trump DOJ Turns to Supreme Court to Lift Ban on El Salvador Deportation Scheme.” So what else is new with the Trump administration? Well? Tulsi revoking the security clearances for various people. The various includes former President Joe Biden, former Vice President […]

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Long leading indicators update: corporate profits in Q4 2024  – by New Deal democrat Corporate profits are a long leading indicator, as they typically turn down at least one year before the onset of a recession. Unfortunately, they are typically reported with a lag, and Q4 corporate profits aren’t reported officially until the final update […]

The post Corporate Profits Increased Consistently Since Q1 2023, They are Forecasting No Recession 2025 appeared first on Angry Bear.

I get that Trump is too stupid to understand that his tariffs (a) will be paid by American consumers, (b) will drive inflation and (c) will prevent future Fed rate cuts. But there are other negative consequences: “While Wall Street frets about potential volatility from President Trump’s April 2 “Liberation Day” plans, another part of […]

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When I was a graduate student, it wasn’t unusual to do a postdoc in the UK or in Europe. If you wanted a permanent position in the US, though, this meant you’d have to do a second postdoc back in the US. I know of several people who took this path. Now, thanks to the […]

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The Trump Administration cuts $1 billion from food banks in order to fund tax cuts for the 1% and corporations. “Food banks across New England are scrambling after the Trump administration this month cut some $1 billion from programs that help them obtain food for distribution, increasing concerns about meeting demand when hunger is already […]

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Consumer Research is a leader in the right-wing anti-ESG campaign against “woke capitalism,” spending millions of dollars to publicly shame Fortune 500 CEOs and pressure firms against taking a stand on social justice and political issues. It received millions since 2019 from DonorsTrust, a dark money organization closely tied to Leonard Leo’s dark money network. Once again […]

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Both Sen. Susan Collins (R-ME) and Democratic Sen. Patty Murray (WA) wrote a letter protesting a key decision made by Office of Management and Budget Director Russ Vought about the continuing resolution passed to avert a government shutdown on March 14. The issue? The partial distribution of emergency funding as determined by Trump after it […]

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 – by New Deal democrat This week’s look at initial jobless claims includes seasonal revisions made to the data for the last five years. Fortunately, they appear to be very minor. So let’s take our typical look. On a weekly basis, initial claims declined -1,000 to 224,000, and the four week moving average declined -4,750 to […]

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Well it is not the Wings. A failed attempt by the Trump’s administration to get a Greenland resident to host a visit by J. D. The real reason Trump’s Vance visit to Greenland did not occur. No resident of Greenland would host the visit. I think the ship was already sailing when they were going […]

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Pete Hegseth was a DEI hire. GOP affirmative action to insure that incompetent alcoholics aren’t discriminated against. Here’s Mike Brock (paywalled, so no link) on the colossal blunder that is Pete Hegseth: “The core argument against DEI initiatives has always been straightforward: institutions should hire based on merit alone, without regard for demographic considerations. That […]

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