I was nosey . . . First a Chart. more charts and then the verbiage . . . Thanks to Strategic Exit for giving me a foundation. There are more informational stats at YouGov Survey: “Political Vio...
https://angrybearblog.com/2024/11/are-there-similarities-between-2008-and-2020
Here’s House Speaker Mike Johnson: “We want to take a blowtorch to the regulatory state. These agencies have been weaponized against the people. It’s crushing the free market; it’s like a...
https://angrybearblog.com/2024/10/no-overregulation-isnt-crushing-the-american-free-market
Kevin Drum over at jabberwocking.com watched the Trump spectacle over at Madison Square Garden so we didn’t have to. He zeros in on Elon Musk: “Elon used to be smart enough to do simple addit...
https://angrybearblog.com/2024/10/elon-musk-cant-do-arithmetic
Housing is expensive here in East Providence. It’s even more expensive in Boston, an hour from here. Some folks live in Rhode Island and commute to Boston. When we were house-hunting in the Pro...
https://angrybearblog.com/2024/10/a-housing-crisis-location-location-location
The issue of the Tax Cuts expiring will be arriving at everyone’s doorstep come the end of 2025. They do not give an exact date so i will go with EOM December 2025. Does someone making close to...
A history lesson of what not to do and yet may still come to pass. October 5th, 2024 by Prof. Heather Cox – Richardson Letters from an American More politics rather than economics. Some of it d...
https://angrybearblog.com/2024/10/trade-tariffs-politics-and-no-economics
From Prof. Timothy Snyder’s substack “Thinking about…” Shared with permission: “Think about the politicians Trump idolizes, Vladimir Putin in Russia and Viktor Orbán in Hungary. The fi...
https://angrybearblog.com/2024/10/autocracy-will-bring-poverty
USPS Shuts Out Wyomingites Who Want To Comment On Rural Delivery Plan People trying to sign up to comment on the latest U.S. Postal Service proposal that would impact rural delivery in much of Wy...
https://angrybearblog.com/2024/09/more-of-louis-dejoys-foulups-with-the-usps
Will mail slowdown affect your area? USPS won’t say, Save the Post Office Richmond Times-Dispatch: The USPS is proposing a new plan in order to keep itself afloat, and the plan involves slowe...
https://angrybearblog.com/2024/09/usps-has-been-dressing-delays-in-the-guise-of-improvements
Indeed, everything Postmaster DeJoy has done has slowed the USPS even more . . . USPS plans rural slowdown after election to cut costs, The Washington Post (archive.ph) Top U.S. Postal Service of...
https://angrybearblog.com/2024/09/no-improvements-in-delivery-yet-from-dejoys-usps-plan
by American Economic Liberties Project Looks like tgings are being said that are no legally enforceable. Let me see . . . Deleted emails, Albertson’s CEO can walk away with a $40-something mill...
We have shopped at both stores and also Frys which is also a part of Kroger. Of the three, Ftys is less costly. Our Frys always seems to be out of product. We end up at Bashas to fill out the res...
“FTC Previews Hard Evidence of Harms While Kroger and Albertsons Dangle Unenforceable Promises in Merger Hearing Opening Arguments,” Economic Liberties Kroger and Albertsons Dangle Unenforcea...
https://angrybearblog.com/2024/08/day-1-of-the-courts-review-of-the-ftc-v-kroger
Abolishing the Super Rich is a research piece, a book, and an opinion commentary by Tom Malleson. Associate professor Tom is at King’s University College at Canada’s Western University. Tom g...
https://angrybearblog.com/2024/08/what-if-we-were-to-abolish-the-super-rich
Here’s the Penn Wharton Budget Model breakdown for how much each candidate’s economic proposals will affect the national debt: “We estimate that the Trump Campaign tax and spending proposal...
https://angrybearblog.com/2024/08/how-will-the-trump-and-harris-budgets-affect-the-national-debt
“Kabuki is a form of classical theater in Japan known for its elaborate costumes and dynamic acting. Phrases such as Kabuki theater, kabuki dance, or kabuki play are sometimes used in pol...
https://angrybearblog.com/2024/08/kroger-engages-in-theater-kabuki-style
Normally, a sentence that begins “Donald Trump says . . . “ is not worth finishing, and that’s how a recent blog post over at jabberwocking.com begins. But finish it I did, and it turns out...
https://angrybearblog.com/2024/08/eliminating-taxes-on-social-security-is-a-bad-idea
I like Bernie Sanders for many reasons, but this isn’t one of them: “As a result of those challenges, Sanders wants to see more Democrats vocally get behind measures like . . . removing the c...
https://angrybearblog.com/2024/08/bernie-is-wrong-on-social-security
Everybody knows that California is a “high-tax” state, right? Well, yes and no. Depends on where you are on the food chain. If your household is the top 1%, then California tax rates are 2nd ...
https://angrybearblog.com/2024/08/high-taxes-for-thee-but-not-for-me
A properly or funded IRS is reaching out to various high-income constituents to collect back taxes. It appears their efforts are paying off in increasing tax collections, Compliance efforts conti...
A follow-up to the much longer report on Insulin (test on this later) and how PBMs impact pricing on other drugs. “Insulin A Drug Pricing Analysis,” Angry Bear. “Drug manufacturers alone se...
https://angrybearblog.com/2024/07/pharmacy-benefit-managers-pbms-are-hiking-the-price-of-drugs
Who gets the money? Follow the assets. by Steve Roth Originally Published at Wealth Economics This post by Judd Legum at Popular Information (read and subscribe!) prompts me to revisit the issu...
https://angrybearblog.com/2024/07/actually-understanding-corporate-share-buybacks
Walmart Fined $1.64 Million by NJ for Unlawful Pricing Practices, New Jersey Digest New Jersey has fined Walmart Inc. $1.64 million for repeated violations of state pricing laws. The penalty foll...
https://angrybearblog.com/2024/07/unlawful-pricing-practices-by-major-corporation
What Chief Justice Roberts is saying is the justices know more than the scientists and engineers know. This was done in a decision which the agency experts immediately criticized. The issue being...
https://angrybearblog.com/2024/06/the-roberts-supreme-court-flips-chevron
After Decades of Costly, Regressive, and Ineffective Tax Cuts, a New Course Is Needed, Center on Budget and Policy Priorities Part 2 Steps to Creating a Better Tax System (a given) Instead of dou...
AB: I am always looking for these types of articles. They offer up explanations on how certain government policies and acts impact the nation’s economy and its citizens. Been a while since I lo...
Recent end-of-session SCOTUS Decisions. In no particular order. Still, some are left to be decided. SCOTUS Decisions by Amy Howe SCOTUS Blog (except where cited from elsewhere) Are there no Union...
https://angrybearblog.com/2024/06/recent-supreme-court-scotus-decisions
Imagine that Congress wants to address some social or economic problem by prohibiting certain undesirable acts. One approach Congress can take is to specifically describe the undesirable behavi...
It appears upper management is running away with most of the compensation. Adding to this is the lowered taxes resulting from the 2017 Tax Cuts and Jobs Act which was passed using Reconciliation....
https://angrybearblog.com/2024/06/ceos-salary-up-nearly-200-times-what-workers-were-paid-last-year
Yeah, it is another legal/court commentary. This one is about borrowers using Payday lenders. The ruling is expected to take effect in 2025. In the meantime, borrowers might want to explore non c...
https://angrybearblog.com/2024/06/borrowers-using-payday-lenders-will-be-much-safer-in-2025
There are many comments about the increasing costs of automobile insurance. In Michigan, once the no fault insurance was dropped and catastrophic injury insurance was cut, the care of long-term c...
https://angrybearblog.com/2024/06/auto-insurance-rates-jump-11-2
When I was in high school and college in the 1970s, marijuana was (a) illegal and (b) plentiful. I may or may not have inhaled, but people I knew were certainly growing, drying, selling and buyin...
Nice Evening Read. I am not a big believer in tariffs. However, as it is today and from the seventies, domestic companies have relocated to countries to escape avoid associated Labor and Domestic...
I was a graduate student in a STEM program when Reagan was elected and the Laffer curve was used to justify tax cuts. The problem that immediately stood out to me at the time was that neither the...
Steve Hutkins again addressing the implementation of the DeJoy system in Georgia. Supervisory competency came up in a message to the PRC. There has always been a give and take between management ...
https://angrybearblog.com/2024/05/postal-supervisors-struggle-using-the-dejoy-dfa-postal-system
I was going to finish this up two days ago. Except I got sick and was sweating for two nights in a row. And slept most of the first day and some of today. I had been fighting this for a about 5 d...
Each year in retirement, we take a certain amount of funds from our retirement accounts and it can become income and taxable. This is a bit different than when we were paying regular income taxes...
By Les Leopold Chelsea Green Publishing Interesting book I just started to touch upon. Book review by Paul Prescod. Last section touches upon why layoffs may happen . . . Stock Buybacks and Dereg...
https://angrybearblog.com/2024/04/sorta-a-book-review-wall-streets-war-on-workers
Atlanta USPS Regional Processing and Distribution Centers crashes on launch by Steve Hutkins Save the Post Office This is a long post. It is the only way Steve can get it across the issues create...
Ran across am Americans for Tax Fairness article last night. Corporation tax dodging and executive pay has both is far out of control. A significant number of major U.S. corporations are paying t...
https://angrybearblog.com/2024/03/more-for-them-less-for-us-talking-taxes-and-deficits
Hal Singer at Lever News wrote a commentary explaining how banks (mostly) are upset with the Consumer Financial Protection Bureau capping credit card late fees at $8. One would think this covers ...
https://angrybearblog.com/2024/03/the-lie-banks-use-to-protect-late-fee-profits
If nothing is done, the Social Security Trust Fund is currently projected to run out in about 2033. At that point, projected benefits will fall by about 20%. The Boston Globe has an opinion piece...
A comprehensive All-Payer Claims Databases would help the health care system become more effective and efficient. The Department of Labor could do something about that, but hasn’t. Merrill at G...
https://angrybearblog.com/2024/03/how-health-insurers-profit-by-hoarding-your-data
Let’s compare apples to apples here. Originally Published at Wealth Economics Uncle Joe has thrown out this 8.2% figure a couple of times, including in last night’s SOTU. Multiple folks have...
My beef has been with the Supply Chain. Yep, you can be forced into manufacturing less product due to part shortages. Unless you are air freighting that stuff or running OT, costs do not necessar...
https://angrybearblog.com/2024/03/addressing-credit-card-late-fees-and-supply-chain-pricing
A bit behind here as other things have distracted me in AZ. Health being one of them. A double dose of excellent reviews of the economy today. If there is one commentary (if you are rushed) on An...
Taking on Boeing, A senior manager for Boeing’s 737 MAX program testimony about Boeing manufacturing issues and its supply chain. The fatal MAX 8 crashes occurred in 2018 and 2019. He decided...
https://angrybearblog.com/2024/03/representative-defazio-taking-on-boeing
We were living in Michigan when Engler and the Republican Legislature passed Right to Work Laws. The effort was meant to undercut Unions and saving costs for the Big Three automakers. Supposedly ...
Aggregate payrolls vs. total withholding taxes paid: which one has been telling the truer tale? – by New Deal democrat The drought in new data continues for today. So I wanted to take a furth...
As you read this Slate article, this is something I was also thinking about. How did SCOTUS arrive at its decision and what was the basis or history supporting its decision? SCOTUS was interpreti...
In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If ...
https://angrybearblog.com/2024/02/trumps-tcja-made-the-tax-system-tax-season-more-burdensome
Mission of Mark Cuban Cost Plus Drugs The following is Mark Cuban’s pitch on supply drugs. If you do not have healthcare insurance which pays for drugs you more than likely going to pay list un...
https://angrybearblog.com/2024/01/mark-cubans-cost-plus-drugs-plan
Jamie Dimon says lower-income people need more help and he’d ‘pay for it by taxing the wealthy a little bit more’ Fortune Taxing the Rich? If he really wants to help the poor? Allow the tax...
https://angrybearblog.com/2024/01/jamie-dimon-wants-to-help-poor-people-by
Topical Emails from all different sites. Pulled from my In-Box and which I have no time to write about. Thinking, they still may be of interest to readers who visit Angry Bear. Please be topical ...
https://angrybearblog.com/2024/01/in-box-topics-which-may-be-of-interest-6
The decline in workers’ share of the total pie is far more extreme than standard measures suggest. Total Income, and the Collapse of the Household Labor Share, Wealth Economics, Steve Roth The ...
https://angrybearblog.com/2024/01/total-income-and-the-collapse-of-the-household-labor-share
It is bad enough with high healthcare costs for doctors, hospitals, medicines, care, insurance, etc. But when all of them start to allow you credit so they can collect their moneys leaving you to...
https://angrybearblog.com/2024/01/banks-and-private-equity-cash-in-when-patients-cant-pay
Angry Bear has posted about the 340B Drug Pricing program several times now. What is key to this program is it making available medicines which are out of reach for those who are lower income and...
Dale Coberly discusses an article written by Andrew Biggs “No, Social Security Isn’t ‘Earned’,” WSJ The post Social Security The Wall Street Journal And The Art of Lying appeared fi...
https://angrybearblog.com/2023/12/social-security-the-wall-street-journal-and-the-art-of-lying
J.P. at J.P. McJefferson blog took up a rather interesting conversation with AI/ChatGPT. J.P. McJefferson: Chatting With AI On Better Government, jpmcjefferson.blogspot.com. ME What ideas do you ...
https://angrybearblog.com/2023/12/chatting-with-ai-on-better-government
Topics pulled from my In-Box which I have no time to write about. Thinking, they still may be of interest to readers who visit Angry Bear. Please be topical. Healthcare Some Reasons to Get Off th...
https://angrybearblog.com/2023/12/in-box-topics-which-may-be-of-interest-2
Here we are agin, trying to make it easier to trade derivatives. Never mind the lessons we thought we learned when Goldman Sachs called on AIG to ante up. There were little in reserve for the swa...
https://angrybearblog.com/2023/12/a-new-rule-that-would-grant-exemptions-on-swap-trades
Maybe you have noticed this and maybe you have not? The USPS or the United States Postal Service does not sell stamps at a huge discount. You may get a few bucks off at Costco. It is not going to...
I have added little to this commentary. Economist Dean Baker has taken a position on various aspects of the economy. A positive position which you will see many other commentaries trashing. We av...
https://angrybearblog.com/2023/11/social-security-and-medicare-fun-with-numbers-time
I am late on the draw for this information on Medicare. Been busy with other issues. Had dinner last night at VA’ Bene, a restaurant in Chandler which is not too far from us. An older couple jo...
https://angrybearblog.com/2023/11/fee-for-service-medicare-part-d-price-increases
A rewrite by me combining several articles . . . “Go woke, go broke,” cited by one billionaire.” The implication? The ongoing culture war and economic policies of northeastern states had fa...
https://angrybearblog.com/2023/11/state-taxes-are-driving-people-to-moving-to-other-states
House politics today as most Repubs and Dems support the House funding bill. Democrat Jake Auchincloss of Massachusetts and Mike Quigley of Illinois voted against the passage of House Speaker’s...
https://angrybearblog.com/2023/11/just-some-more-politics-today
Dale Coberly discussing the latest news on Social Security. SOCIAL SECURITY, A BREAKTHROUGH? Dale Coberly For years I have been trying to inform people that the great big, huge horrible “Loomin...
https://angrybearblog.com/2023/11/social-security-a-breakthrough
I rewrote portions of this article and added information from my own experiences in Automotive when new technology is introduced. My experience is not as great when compared to the introduction o...
https://angrybearblog.com/2023/10/oems-pulling-back-from-evs
Just some economic and political history . . . An October 15, 2008, article in The Washington Post analyzing the origins of the economic crisis claims Greenspan vehemently opposed any regulatio...
https://angrybearblog.com/2023/10/greenspan-admits-flaw-to-congress-predicts-more-economic-problems
For some reason in this time of crisis both foreign and domestic, I feel the need to remind Angrybear readers of a very simple stylized fact: If the income tax is constitutional and the top rate ...
https://angrybearblog.com/2023/10/popularism-populism-soak-the-rich-and-spread-it-out-thin
Weapons Gun Manufacturer Ditches Blue State, Moves South, America Insider Carver Malone. NRA Executive Director of Advancement Tyler Schropp . . . “This move is a testament to their enduring le...
If you get a chance, wander over to Seeking Alpha and read New Deal democrat’s very thorough take on the economy. You can set up a fee, limited account there. AB Weekly Indicators for October 2...
https://angrybearblog.com/2023/10/new-deal-democrats-weekly-indicators-for-october-2-6-2023
I broke this report into two parts as it becomes harder to complete reading when each of us has other obligations. CHQPR or the Center for Healthcare Quality and Payment Reform is a national poli...
I am struggling with thoughts about status quo bias. I see many issues where a proposal to do something new is subject to severe scrutiny which is not applied to the implicit proposal to keep doi...
https://angrybearblog.com/2023/09/is-choosing-the-status-quo-sage-is-it-even-possible
New 20+ year record high mortgage rates begin to impact home sales; bifurcation in new vs. existing home prices continues – by New Deal democrat In addition to updated reports on new home ...
https://angrybearblog.com/2023/09/new-20-year-record-high-mortgage-rates-begin-to-impact-home-sales
Simple commentary. Just started to receive information on increases. Gasoline is a no brainer. We drive a fuel efficient vehicle and do five over as opposed to what others do. It is interesting t...
https://angrybearblog.com/2023/09/gasoline-part-d-and-medicare-inflationary-increases
Too Big, too Loud, and Too fast appears to be the thing these days. Either they are jacked up squatting, large tired, multiple rear tires, altered mufflered, adjusted emission control to emit soo...
https://angrybearblog.com/2023/09/new-model-oversized-cars-are-ridiculously-large
UAW-automakers negotiations pit falling wages against skyrocketing CEO pay: U.S. auto companies have the means to invest in EVs, pay workers a fair share, and still earn healthy profits | Economi...
https://angrybearblog.com/2023/09/falling-auto-worker-wages-and-increasing-ceo-pay
Our first new home purchase. I knew we were to have issues and would be working through them. It was new and something we had not had before. Arizona’s Registrar of Contractors says they are se...
https://angrybearblog.com/2023/09/integrity-use-to-be-a-valuable-commodity-in-new-home-building
If I was new to this dilemma, I would believe this is better news than prior announcements. But it is not good news, it is news coming too late for the borrowers holding exaggerated debt due to p...
https://angrybearblog.com/2023/09/rule-changes-offer-little-relief-as-student-loan-payments-resume
These people are the lowest of the scum. They were always a shady type of business. There efforts were to target low-income neighborhoods. There actions are to keep their customers victims on a n...
Has trade for materials, components, and product shifted away from China to be used in the U.S.? Maybe, maybe not, and maybe later. If you are going to manufacture in the US, you have to have the...
https://angrybearblog.com/2023/08/policies-shifted-trade-from-china
Two completely different cultures trying to understand one another. I have worked for Japanese, Korean, and German management. How the Japanese and Koreans addressed me was far different than how...
https://angrybearblog.com/2023/08/battle-of-the-cultures-in-getting-the-job-done
Successful industrialists financial Wall Street bankers whose business practices were often are considered ruthless and unethical, capturing portions of the market, and bleeding it dry. Not much ...
https://angrybearblog.com/2023/08/private-equity-is-destroying-the-labors-of-love
Downsizing was the way to go as we got older and are kid free. Doing so had nothing to do with maintaining our larger house (2600 sq. feet) sitting on over 1/2 acre. I kind of liked maintaining i...
Typically, what happens with these types of regulations is delay for another 2 to five years before becoming active. This may occur. The other likelihood being the automakers going to court suing...
https://angrybearblog.com/2023/08/gasoline-standards-cuts-for-gas-guzzlers-start-in-2027
As taken from this column and other sources as well. Former Ohio House speaker sentenced to 20 years in $60 million bribery scheme | CNN Politics, Sydney Kashiwagi. A Little Background: FirstEner...
https://angrybearblog.com/2023/07/former-ohio-house-speaker-finally-sentenced-to-20-years
Dale Coberly: This is part 2 of a comment I began July 18 on Angry Bear. It is a reply to an article appearing on the internet by Andrew Herrig at wealthynickel.com under the title. “With S...
There is more to this story than just making technology open to the public so others can manufacturer it. Think about what is being said here. The manufacture of face masks went overseas. When ma...
Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for o...
https://angrybearblog.com/2023/07/deficits-debts-surpluses-borrowing-budgets-etc-processes
Differences between Japan and the US Debt. Explain how Japan can manage twice the debt/GDP with no problems but the US is headed to a crisis. Or is the issue really about unnecessary deficit spe...
https://angrybearblog.com/2023/07/open-thread-july-9-2023-us-debt
How the Super Rich Are Killing Social Security, Robert Reich Blog, Robert Reich Since Angry Bear has a well known expert on Social Security in the name of Dale Coberly, I like to post other comme...
https://angrybearblog.com/2023/07/how-the-super-rich-are-killing-social-security
What is being offered up by 3M, etc. (NYT article below) is a pittance of what will be necessary to clean up lakes, wetlands associated with the lakes, rivers, and streams. I lived in Michigan. T...
https://angrybearblog.com/2023/06/a-pittance-offered-up-for-national-pfas-cleanup
National Health Expenditure Projections, 2022–31: Growth To Stabilize Once The COVID-19 Public Health Emergency Ends, Health Affairs, National health expenditures are projected to have grown 4....
This is taken from Prof. Heather’s June 15, 2023, Letters from an American. It begs the question of why can there not be another New Deal for Americans? When he accepted the Democratic nominati...
https://angrybearblog.com/2023/06/delivering-a-new-deal-to-the-american-people
No one has accepted real responsibility for the East Palestine disaster, The Guardian, Zsuzsa Gyenes A noticeable chemical odor three months later – yet the town and surrounding residents still...
https://angrybearblog.com/2023/06/who-bears-the-responsibility-for-the-east-palestine-train-disaster
The private banking industry either can’t or won’t do what needs to be done to stop preying on vulnerable people. The Post Office Can Bring People-Centered Public Banking to Every ZIP Code, I...
There are many things which could be cut in the present Debt Ceiling bill which alleviate the unnecessary need to cut assistance to those who need it. Food assistance for very low-income older ad...
A week ago, this commentary by Bill McBride was up on Calculated Risk. A bit of history dating back to 2001. A very timely post and one which fits in with what was happening today with the Nation...
https://angrybearblog.com/2023/05/what-happened-to-paying-off-the-national-debt
This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreemen...