Relevant and even prescient commentary on news, politics and the economy.

Governor Katie Hobbs Announces $500K in FAFSA Initiatives to Assist Arizona Families Afford College

According to The Hill the New FAFSA forms were supposed to be easier and shorter. Shorter yes, nut not so easy. There is a list of 2024-24 FAFSA issues which are confounding parents and students attempting to complete the FAFSA so as to be eligible for student aid. FAFSA forms were changed in 2023 and […]

Leading indicators in the Q1 GDP report are mixed

 – by New Deal democrat The Bonddad Blog Most of the commentary you will read about Q1 GDP that was released this morning will be about the core coincident components. For that I will simply outsource to Harvard’s Prof. Jason Furman: “much of the slowdown was in non-inertial items like inventories (-0.35pp) and net exports (-0.86pp). […]

Jobless claims continue their snooze-fest

 – by New Deal democrat The Bonddad Blog [Note: I’ll put up a post discussing Q1 GDP later today.] Initial and continuing claims continued their snooze-fest this week. Initial claims declined -5,000 to 207,000, continuing their nearly 3 month long range of between 200-220,000 per week. The four week average declined 1,250 to 213,250. This […]

Claims of Student Loan Cancellation Benefiting the Wealthy are Still False

by Alan Collinge Medium A number of beltway “experts” are currently claiming that cancelling student loans would unduly benefit the wealthy. These claims are based upon blatantly flawed research, They have been used by very well-coordinated media/social media campaigns, designed to kill the push for student loan cancellation, and have flooded the zeitgeist in recent […]

One born every minute

And the grift goes on: “Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole […]

The preemption stakes in Idaho vs. U.S.

A high court decision in favor of Idaho puts at risk the federal government’s ability to set national environmental, labor and consumer protection standards. by Merrill Goozner Angry Bear can not add to Merrill’s remarks on Idaho’s stance banning abortion in almost all circumstances and their claims to preempt the federal Emergency Medical Treatment and […]

In addition to housing, manufacturing is range-bound as well

 – by New Deal democrat The Bonddad Blog First off, let me reiterate that my focus this year is on manufacturing and construction. That’s because these are the two sectors the waxing and waning of which have almost always determined if the US economy is growing or not. By contrast, for the past half century or […]

How the Starbucks case at the Supreme Court could affect unions everywhere

by Andrea Hsu National Public Radio The Starbucks case is more a battle over which approach Appeals courts should use when they consider requests for injunctions like this one over labor violations. The Supreme Court appears to be weighing in on their decisions. The impact of the Supreme Court decision will weigh heavily on unions […]