Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Calculated Risk: Leading Index for Commercial Real Estate “Rises” in September (calculatedriskblog.com) Still high enough for the Fed to keep raising rates, etc: Higher than expected: New […]
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Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:
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No sign here that the rate hikes have slowed growth: This is what has been hurting their currency: This series is showing signs of slowing, perhaps due to working from home:
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Permits back on trend after a post-Covid bounce? Starts down a bit but perhaps leveling off around pre covid levels. Certainly not a major collapse yet: Multi-family doing better than single-family: Another tick up in the Fed Atlanta’s GDP calculations:
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‘When profound ideas are introduced to the world for the first time,’ writes Professor Marcia Langton, in her foreword to The First Astronomers, ‘our world is fundamentally changed and the previous understandings consigned to history. There are those who continue to deny the intelligence and scientific traditions of Indigenous people. The idea that the only true science is that of Western thinking must be consigned to history.’
Someone’s shooting at Democratic politicians’ homes, offices It’s called the Dark Corner. In the remote foothills of extreme northeast Greenville County, South Carolina, it was a region known for hidden moonshine stills even one hundred years after the Civil War. Occasionally the Dark Corner made the news at 11. Someone would pump a 12-gauge round through a local’s front door and drive off. No one ever seemed to get hurt. Family feuds were still a thing in the Dark Corner. This is different. And similar. Let’s pray it gets no worse (Associated Press): Bullets flew through one home’s front door and garage. At another home, three bullets went into the bedroom of a 10-year-old girl in a series of shootings that had at least one thing in common: They all targeted the homes or offices of elected Democratic officials in New Mexico. Nobody was injured in the shootings that are being investigated by local and federal authorities. Albuquerque Police Chief Harold Medina said they’re working to determine if the attacks that started in early December and were scattered around the state’s largest city are connected.
Is the Obstruction of Justice Caucus Why is this unsurprising? Newly elected House Speaker Kevin McCarthy gave away the store he’s so desperate to manage. Here’s what CNN reports he promised GOP extremists in exchange for their votes: Kyle Cheney scrutinizes the proposed GOP bill to establish that Select Subcommittee on the Weaponization of the Federal Government. Those provisions did not appear in earlier versions, Cheney notes. Marcy Wheeler (emptywheel) adds, “A Jim Jordan drafted document allowing for the interference into ongoing criminal investigations is what got Scott Perry, Matt Gaetz, Paul Gosar, and Andy Biggs — all of whom sought pardons — to allow McCarthy to get a gavel.” “I would like it be presented as the scandal it is,” Wheeler continues. “But have very little hope in the competence or integrity of many congressional reporters.” I’m already looking for any deus ex machina than can spare the republic from the MAGA arsonists before the battle over raising the debt ceiling spawns a global financial crisis this fall. Jack Smith is one, possibly. Fulton Co., Ga.
We’ve got us a communicator If you weren’t up late last night or were out partying or something you probably missed Hakeem Jeffries’ speech after the vote making Kevin McCarthy speaker.It’s a good one. Let’s hope he’s as good at organizing the Democrats as he is a speaker. If he is, he will be a successful leader.
“Mr Republican” led the way If you think this Nazi thing is new, even in the upper reaches of the US Government, think again. It’s not. This piece by Mike Lofgren in Salon takes a look at the most famous of all American isolationists, Robert Taft: Readers may be familiar with Rachel Maddow’s explosive new podcast, “Ultra.” It tells the incredible story of a German spy who infiltrated Congress in 1940-41, inducing two dozen congressmen and senators to spread Nazi propaganda in floor speeches, op-ed columns and constituent mailings. Simultaneously, armed extremist groups began training for a violent takeover of the country. In many ways, the eight-decades-old story is a disturbing forerunner of the Trump era. Contrary to our nostalgic memories of unity, America was deeply divided over the war in Europe, military aid to Britain, and whether fascism was the wave of the future that we might as well submit to.
Back in the Paleolithic days of blogging, I got interested in the relationship between philosophical thought and political action, particularly in the cases of Hayek and Heidegger and their support for Pinochet and Hitler respectively. I think the evidence is in on Hayek (see here and here), so I won’t discuss it further. In Heidegger’s […]