Thursday, November 9, 2023

Joe Manchin won't seek re-election to the US Senate from West Virginia in 2024

 From the story here:

Manchin’s commitment to staying active in politics, meanwhile, fuels further speculation that he could be considering a presidential run.

“Nothing is off the table,” a source with direct knowledge of Manchin’s plans told NBC News when asked if Manchin is considering a White House bid.

Wednesday, November 8, 2023

It's officially a moderate El Niño

 It's officially a moderate El Niño with five consecutive overlapping 3-month measuring periods averaging between +1.0 to +1.4, now averaging +1.04 after the fifth measurement in August-September-October.

It began with the April-May-June measuring period.

Tuesday, November 7, 2023

Democrat Rashida Tlaib (MI-12) censured for anti-semitism in bi-partisan House vote 234-188

From NBC News, here:

 

WASHINGTON — House lawmakers on Tuesday censured Rep. Rashida Tlaib, the sole Palestinian American in Congress, over her remarks and actions in response to the Israel-Hamas war.

The censure resolution, authored by Rep. Rich McCormick, R-Ga., passed 234 to 188, with 22 Democrats voting for it and four Republicans opposing the measure. A censure vote only requires a simple majority to pass.

The resolution censures Tlaib, D-Mich., for “promoting false narratives regarding the October 7, 2023, Hamas attack on Israel and for calling for the destruction of the state of Israel.”

"It is a sad fact, but this type of antisemitic hate is being promoted by a small group of members in this body, chiefly Rep. Tlaib," McCormick said on the House floor before the vote. "We must hold her accountable."

WeWork, which once pretended to be worth $47 billion, files for bankruptcy protection

 From the story here:

WeWork has struggled in a commercial real estate market that has been rocked by the rising cost of borrowing money, as well as a shifting dynamic for millions of office workers now checking into their offices remotely.

 

Former Democrat and Leftist: DeSantis should have waited until 2028

 Sasha Stone, here, who is all about the charisma but still can't spell Der Führer. 

 


 

I don't recall a single public figure in America warning Trump's long-planned January 6th DC rally was a provocation, which is what it was

 


Ed Morrissey: If they weren’t legit, the police would have said that explicitly rather than issue a bunch of diversionary statements

Monday, November 6, 2023

The Roman emperors used bread and circuses to distract the masses

 Ours use sports, gambling, and drugs.

Joel Kotkin: The capitalist elite undermines our economic security

 He means libertarians.

Here:

Free-market dogmatists have played a part in the deindustrialisation of the West as well. Consultants and investors pushed businesses to look offshore for virtually every critical production input. Between 2004 and 2017, the US share of world manufacturing shrank from 15 per cent to 10 per cent. Our reliance on Chinese inputs doubled. The trade deficit with China, according to the Economic Policy Institute, has cost as many as 3.7million American jobs since 2000. Overall, the US and the EU have seen their share of value-added manufacturing drop from 65 per cent in the 1960s to barely half that today.

Sunday, November 5, 2023

Despite US Treasury department manipulation of the yield curve last week and another Fed pause, yields still average above five in the aggregate

 We saw a much bigger surge into bonds in March, but yields persisted.

With inflation, employment, and nominal GDP all still strong, Treasury tricks are unlikely to unravel this.

Cash such as VMFXX at 4.21% ytd and total stock market such as VTSAX at 13.92% ytd continue to trounce bonds ytd. VBTLX is still down 0.39% ytd. AGG is down 3.46% ytd.

 



Democrat leader of the Hamas Caucus in the US House, Rashida Tlaib, says Democrat President Joe Biden supports genocide in Gaza

Genocide is fast becoming as obsolete as fascism.


 


Friday, November 3, 2023

There's a lot of clucking out there about multiple job holding

 Multiple job holding seems high at nearly 8.4 million, here.

But as a percent of the employed it is not, currently at 5.2%. In the go-go 1990s it was above 6%.

Multiple job holding generally is a sign of opportunity and good times, not economic stress and bad times. Obviously there is always a percentage of the workforce which can't find full-time work and works two part-time jobs. They now number almost 2 million, a very small part of the employment universe, which is near all-time highs in the range of 161 million.

Full-time employment in October was still strong at 50.4% of civilian population

 The ten month average holds at 50.3%, which is still higher than full year 2022.

We shall see.



If Ron DeSantis' candidacy is so dead, why do Democrats continue to write hysterical attack columns about him?

 

Maria Cardona, RealClearPolitics

Florida is such a hellscape under DeSantis that he enjoys "a supermajority in both houses of the state’s legislature. It’s not a pretty picture . . .." lol

Wednesday, November 1, 2023

More defunct neo-liberalism from Biden & Blinken: Put the losers to Hamas back in charge in Gaza

 “At some point, what would make the most sense would be for an effective and revitalized Palestinian Authority to have governance and ultimately security responsibility for Gaza,” Blinken told the Senate hearing.


More.

Might as well put Matt Yglesias in charge and go full-on not-a-serious-country fairy tale.

This is a bid for the Disney vote, that's all.