Ours use sports, gambling, and drugs.
Monday, November 6, 2023
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
Thursday, November 2, 2023
US House votes against censure of leader of Hamas Wing, Democrat Rashida Tlaib, helped by 23 Republicans voting to table and 11 Republicans who didn't vote at all
The measure to table the censure proposal won 222-186.
The roll call vote is here.
The protest organized by Tlaib stormed the Capitol and briefly occupied it on October 18th.
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.
Tuesday, October 31, 2023
Age discrimination is widespread and has been for years, everyone just shrugs
Don't complain when it happens to you. No one cares.
More than half, 56%, of full-time workers in their early 50s get pushed out of their jobs (due to circumstances like a layoff) before they’re ready to retire, according to a 2018 paper published by the Urban Institute.
“Job loss at older ages is really consequential,” said Johnson, a report co-author. He attributes much of that workplace dynamic to ageism.
Just 10% who suffered an involuntary job separation in their early 50s ever earn as much per week after their separation as before it, the Urban Institute paper said. In other words, 90% earn less — “often substantially less,” Johnson said.
Johnson’s research shows that in the aftermath of the Great Recession (from 2008 through 2012), workers 50 to 61 years old who lost a job were 20% less likely to be reemployed than workers in their 20s and early 30s. Those age 62 and older were 50% less likely to have a new job.
More.
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