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Archive for the ‘Economics’ Category

June 18th, 2024 - 3:51 pm § in Economics, Misc.

A useless story about inheritances

“Generation X stands to gain the most from the $84 trillion wealth transfer,” an NBC News headline blared on Tuesday, June 18, 2024. The story (read it here) begins, “Generation X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, accor[...]

June 17th, 2024 - 11:03 pm § in Democrats, Economics, Politics, Republicans

Would deporting illegals make housing cheaper?

I’m thinking yes, if you deport several million of them, simply because it would bring housing demand closer in line with housing supply. That’s because America has a housing shortage, and if you reduce the number of people who need housing, you can end the game of musical chairs and bri[...]

June 16th, 2024 - 9:17 pm § in Donald Trump, Economics

Who pays tariffs?

Consumers do. In his first campaign, Trump claimed China would pay his tariffs. That’s false. The U.S. can’t make China pay taxes. All it can do is make Americans pay taxes on Chinese goods. Tariffs are imposed at the U.S. border when goods come into the country. They become part of the [...]

June 14th, 2024 - 7:47 pm § in Business, Economics, News Media

Ignore CNN’s investing advice, and laugh at Wells Fargo Bank

Why CNN’s investing advice is laughable The headline of a CNN article published (here) on Friday, June 14, 2024, a day when stock indexes sank a little more after sinking for the last month, reads: “Here’s how to invest in stocks when interest rates are higher for longer” “[...]

June 12th, 2024 - 4:55 pm § in Business, Economics

Is greedflation real?

In retail grocery, I think so; in food processing, I’m unsure. Employers in the food industry are paying higher wages, retailers are passing along price increases by distributors and processers, and all have higher costs. Thus, some price increases are unavoidable. The question is whether comp[...]

June 1st, 2024 - 10:10 pm § in Business, Economics, Misc.

Got the insurance blues?

Watch the video below. Skyrocketing insurance bills are hitting everyone. There are multiple reasons: More storms, more accidents, more expensive cars, parts, and labor. The bottom line is insurance companies are paying out more for claims, so they’re charging more for insurance. Return to The[...]

May 21st, 2024 - 7:14 pm § in Economics, Environment

Why Washington’s natural gas law won’t save the planet

New restrictions on natural gas use in Washington State were signed into law by Gov. Jay Inlsee in April 2024 (see story here). Democrats, Republicans, progressives, and the building trades council (a mouthpiece for developers) disagree on what the law means. It’s confusing, because after fail[...]

May 14th, 2024 - 6:20 pm § in Democrats, Economics, Politics, Republicans

Alabama law punishes employers friendly to unions

Alabama Gov. Kay Ivey (photo, left) signed a law penalizing employers in her state who accept unions, Huffington Post reported on Tuesday, May 14, 2024 (read story here). It yanks state economic incentives, grants, loans, and tax credits away from any company that recognizes a union instead of forci[...]

May 14th, 2024 - 5:02 pm § in America, Economics, Hypocrisy, Law and Courts, Politics, Republicans

GOP veep hopeful wants to eliminate no-fault divorce

Ben Carson (photo, left), a celebrity surgeon turned failed politician (see bio here) and possible 2024 Trump running mate, wants to end no-fault divorce, NBC News reported on Tuesday, May 14, 2024 (read story here). “For the sake of families,” he says. His shtick is that if divorcing is eas[...]

May 12th, 2024 - 5:03 pm § in America, Economics

What’s with sky-high home prices?

Young adults starting out can’t buy houses in Washington (or in a lot of other places). A Seattle Times article (here) of May 12, 2024, says two-thirds of Washington’s under-35 adults are renting, and in King County three-fourths are, many because they can’t afford starter homes. T[...]