A slow rise in continued unemployment claims masks a growing problem. I created the above chart by comparing the monthly average of continued unemployment claims to unemployment levels. Unemployment claims are from the department of labor while the unemployment levels are from the less accurate BLS household survey. Nonetheless, the […]
Polls show a most Israelis want fighting to stop, but government plans to expand it Israelis Hold Nationwide Protests and Strike The Wall Street Journal reports Israelis Hold Nationwide Protests and Strike to End Gaza War The families of Israeli hostages held in Gaza led nationwide protests and a strike calling […]
What’s the impact on rent? Decline from Post-Covid Peak The decline puts the number of single-family units under construction near the middle of a very wide range of 236,000 on the low end and 990,000 on the high end. However, the number of multi-family units under construction is still enormous […]
“We are going to unleash American drone dominance,” said Transportation Secretary Sean Duffy. New Drone Rules Reuters reports US Proposes New Drone Rules May Lead to Starbucks, Amazon Deliveries. The U.S. Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a […]
A one-word answer explains. Can you figure it out? Why the Trump Tariff Merry-Go-Round Won’t Stop Robert B. Zoellick, U.S. trade representative (2001-05), and deputy secretary of state (2005-06) explains in a WSJ op-ed. Please consider Why the Trump Tariff Merry-Go-Round Won’t Stop Anyone trying to make sense of President Trump’s […]
Mercy! Robo taxis may take away jobs. Unions Want to Ban Driverless Taxis The Left-wing Luddites have come out against driverless taxis. Understanding AI reports Unions want to ban driverless taxis—will Democratic leaders say yes? Waymo hasn’t announced any specific plans to launch a driverless taxi service in Boston. But the […]
Bosses like to tout shrinking head counts as AI accomplishments. If you are reducing headcount, and can attribute it to AI, then brag about it. The Wall Street Journal reports CEOs Trumpet Smaller Workforces as a Sign of Corporate Health Big companies are getting smaller—and their CEOs want everyone to know […]
The UK closed a tax loophole. Guess what. NYC can expect the same. Extreme Wealthy Flee the UK The Wall Street Journal reports The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing. The U.K. is trying to tax the superrich. It’s off to a bumpy start. “I’m […]
The Fed’s Beige Book shows a weakening economy Please consider the Fed’s Beige Book for July 2025. What is the Beige Book? The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety […]
I have two answers. One idea is radical but it would work. Answer One: Do nothing Tariffs are a tax on consumers. So it Trump want to be raise taxes on US consumers, then let him. And if he wants to make the US an island, them let him. Besides, […]