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========== Ideas for spreading the wealth https://www.nytimes.com/2018/12/30/opinion/tech-rural-america.html == topic economics ===== negative 0 posted 2018-12-31 rate 14 title Ideas for spreading the wealth topic economics words 8 ID 779638195714035 URL https://www.facebook.com/politicalscrapbooknet/posts/779638195714035 impress 34 likeuimpress 18 likeuusers 17 oimpress 34 oreach 20 posted "12/31/2018 05:22:35 AM" reach 20 type Link ========== Rural vs Urban The new fault line is Western democracies. https://www.washingtonpost.com/opinions/the-yellow-vest-protests-add-to-a-new-dividing-line-in-western-politics/2018/12/13/f468b8d8-ff1d-11e8-862a-b6a6f3ce8199_story.html What's in it for the people left in the boonies? == topic economics ===== hide 1 impact 14 impactrate 0 likeimpress 1 negative 1 posted 2018-12-30 ratio 4 react 6 reactrate 0 sharesrate 0 sumclicks 4 title Rural vs Urban topic economics wordrate 0 words 23 ID 779301102414411 URL https://www.facebook.com/politicalscrapbooknet/posts/779301102414411 audclicks 4 audreach 3 engaged 3 hideclicks 1 hideclicksusers 1 impress 38 likeclickusers 3 likeimpress 1 likeuimpress 22 likeusers 1 likeuusers 22 matchedotherclicks 4 negclicks 1 negusers 1 oimpress 38 oreach 24 posted "12/30/2018 03:00:45 PM" postotherclicks 3 reach 24 type Link ========== Visit an anti-bubble while you can https://www.nytimes.com/2018/12/29/opinion/tech-bubble-bursting-stock-market.html == topic economics ===== negative 0 posted 2018-12-30 rate 16 title Visit an anti-bubble while you can topic economics words 9 ID 779120349099153 URL https://www.facebook.com/politicalscrapbooknet/posts/779120349099153 impress 43 likeuimpress 27 likeuusers 21 oimpress 43 oreach 24 posted "12/30/2018 07:34:30 AM" reach 24 type Link ========== Legal theft - another good reason not to put your faith in defined-benefit pensions. https://www.washingtonpost.com/business/economy/as-a-grocery-chain-is-dismantled-investors-recover-their-money-worker-pensions-are-short-millions/2018/12/28/ea22e398-0a0e-11e9-85b6-41c0fe0c5b8f_story.html But they are almost extinct in private industry - and you can see why. But in government - http://www.political-scrapbook.net/controversial.html#defined%20benefit == topic economics 1 ===== comments 3 hide 2 impact 673 impactrate 0 likeimpress 62 negative 2 posted 2018-12-28 priority 1 ratio 4 react 187 reactrate 0 shares 26 sharesrate 0 sumclicks 94 title Legal theft - topic economics wordrate 0 words 36 ID 778257732518748 URL https://www.facebook.com/politicalscrapbooknet/posts/778257732518748 audclicks 94 audreach 68 commentsimpress 3 commentsusers 3 engaged 112 hideclicks 1 hideclicksusers 2 impress 1217 likeclickusers 61 likeimpress 62 likeuimpress 295 likeusers 56 likeuusers 223 matchedlinkclicks 32 matchedotherclicks 62 negclicks 2 negusers 1 oimpress 1217 oreach 878 posted "12/28/2018 08:28:40 PM" postlinkclicks 31 postotherclicks 44 reach 878 sharesimpress 26 sharesusers 26 type Link ========== A worldwide market crash seeming at first to be coming out of nowhere... but mostly coming out of the Trump administration. Happy Boxing Day, Wall Street! https://www.washingtonpost.com/business/economy/economic-growth-is-slowing-all-around-the-world/2018/12/25/e2337206-0491-11e9-b5df-5d3874f1ac36_story.html https://www.washingtonpost.com/opinions/2018/12/26/we-could-be-headed-recession-imagine-how-president-trump-will-react https://www.washingtonpost.com/opinions/whats-behind-the-markets-downward-spiral/2018/12/25/a33c4632-07c4-11e9-a3f0-71c95106d96a_story.htm http://www.political-scrapbook.net/theory.html#cycle Meanwhile, Bannon is trying to found an educational institution to export uneducated populist terrorist economics all around the world. Maybe they'll be able to get a donation from Putin by offering to rename the main lecture hall for him. https://www.washingtonpost.com/world/europe/with-support-from-steve-bannon-a-medieval-monastery-could-become-a-populist-training-ground/2018/12/25/86dac38a-d3c4-11e8-a4db-184311d27129_story.html == topic economics ===== hide 1 impact 177 impactrate 0 likeimpress 9 negative 1 posted 2018-12-26 priority 1 ratio 7 react 26 reactrate 0 shares 4 sharesrate 0 sumclicks 12 title A worldwide market crash seeming at first to be coming topic economics wordrate 0 words 68 ID 776723519338836 URL https://www.facebook.com/politicalscrapbooknet/posts/776723519338836 audclicks 12 audreach 10 engaged 14 hideclicks 1 hideclicksusers 1 impress 253 likeclickusers 13 likeimpress 9 likeuimpress 107 likeusers 9 likeuusers 88 matchedlinkclicks 1 matchedotherclicks 11 negclicks 1 negusers 1 oimpress 253 oreach 195 posted "12/26/2018 06:47:10 AM" postlinkclicks 1 postotherclicks 9 reach 195 sharesimpress 4 sharesusers 4 type Link ========== How the Fed affects the rest of the world https://www.nytimes.com/2018/12/20/business/federal-reserve-india-interest-rates.html == topic economics 1 ===== impact 4 impactrate 0 likeimpress 1 negative 0 posted 2018-12-20 priority 1 ratio 15 react 3 reactrate 0 sharesrate 0 sumclicks 2 title How the Fed affects the rest of the world topic economics wordrate 0 words 13 ID 773113939699794 URL https://www.facebook.com/politicalscrapbooknet/posts/773113939699794 audclicks 2 audreach 1 engaged 2 impress 70 likeclickusers 2 likeimpress 1 likeuimpress 50 likeusers 1 likeuusers 42 matchedlinkclicks 1 matchedotherclicks 1 oimpress 70 oreach 46 posted "12/20/2018 06:26:17 AM" postlinkclicks 1 postotherclicks 1 reach 46 type Link ========== Trumpist task force recommends punishing rural Trumpist voters https://www.nytimes.com/2018/12/18/opinion/trump-postal-service.html Trump likes to brag about how many counties he won. Republicans always win the county count, because most counties are rural and most farmers and ranchers vote Republican. As vital as they were in 1787 or even 1865, rural voters are a pretty small slice of the total electoral pie now. But they all depend in various ways on postal service subsidized by wealthier, more densely-populated urban areas. But if the postal privatization advocates have their way... to put it succinctly, profitable private outfits like UPS and Fedex will not deliver anything anywhere in the country for fifty cents, nor will they subsidize staffing small low-volume rural offices. Privatizing the postal service would be profitable for somebody though - another example of the Trumpist philosophy "Billionaires First." == topic economics ===== impact 883 impactrate 0 likeimpress 12 negative 0 posted 2018-12-18 ratio 3 react 64 reactrate 0 shares 9 sharesrate 0 sumclicks 43 title Trumpist task force recommends punishing rural Trumpist topic economics wordrate 0 words 138 ID 772120686465786 URL https://www.facebook.com/politicalscrapbooknet/posts/772120686465786 audclicks 43 audreach 24 engaged 28 impress 295 likeclickusers 27 likeimpress 12 likeuimpress 147 likeusers 12 likeuusers 104 matchedlinkclicks 5 matchedotherclicks 38 oimpress 295 oreach 199 posted "12/18/2018 04:14:49 PM" postlinkclicks 5 postotherclicks 19 reach 199 sharesimpress 9 sharesusers 9 type Link ========== economics highlights Reinforcing income inequality by funding the students who need it least https://www.nytimes.com/2018/12/10/opinion/college-vocational-education-students.html Retirement planning regrets https://www.washingtonpost.com/business/2018/12/10/top-regrets-retirees Post office privatization - you can reduce the deficit by having the post office do less and charge more - what an insight! https://www.washingtonpost.com/politics/2018/12/07/is-postal-privatization-proposal-dead-task-force-hints-makes-no-recommendation == topic economics ===== hide 1 impact 294 impactrate 0 likeimpress 4 negative 1 posted 2018-12-10 ratio 0 react 70 reactrate 0 sharesrate 0 sumclicks 65 title economics highlights topic economics wordrate 0 words 42 ID 766888050322383 URL https://www.facebook.com/politicalscrapbooknet/posts/766888050322383 audclicks 65 audreach 6 engaged 9 hideclicks 1 hideclicksusers 1 impress 90 likeclickusers 9 likeimpress 4 likeuimpress 66 likeusers 4 likeuusers 57 matchedlinkclicks 2 matchedotherclicks 63 negclicks 1 negusers 1 oimpress 90 oreach 59 posted "12/10/2018 06:49:06 PM" postlinkclicks 2 postotherclicks 4 reach 59 type Link ========== Establishing the American hereditary nobility https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ and why it never stops https://www.theatlantic.com/family/archive/2018/12/rich-people-happy-money/577231/ == topic economics 1 ===== comments 3 impact 81 impactrate 0 likeimpress 6 negative 0 posted 2018-12-06 priority 1 ratio 2 react 58 reactrate 0 shares 4 sharesrate 0 sumclicks 45 title Establishing the American hereditary nobility topic economics wordrate 0 words 14 ID 764161893928332 URL https://www.facebook.com/politicalscrapbooknet/posts/764161893928332 audclicks 45 audreach 13 commentsimpress 3 commentsusers 2 engaged 15 impress 194 likeclickusers 14 likeimpress 6 likeuimpress 130 likeusers 6 likeuusers 98 matchedlinkclicks 5 matchedotherclicks 40 oimpress 194 oreach 138 posted "12/06/2018 08:00:32 AM" postlinkclicks 5 postotherclicks 12 reach 138 sharesimpress 4 sharesusers 4 type Link ========== Dropping Obamacare to save money https://www.latimes.com/business/la-fi-obamacare-penalty-health-plans-20181203-story.html It's good for you if nothing bad happens - but tough luck if it does. But it's also bad for everybody else on Obamacare - if healthy people decline to participate, costs go up for the remaining participants. If health insurance is going to be affordable for people with expensive pre-existing conditions - then it has to be paid for somehow. Requiring everybody to participate - or pay a penalty - was one way. Now another way will have to be found. == topic economics ===== comments 8 impact 2187 impactrate 0 likeimpress 28 negative 0 posted 2018-12-04 ratio 1 react 243 reactrate 0 shares 14 sharesrate 0 sumclicks 193 title Dropping Obamacare to save money topic economics wordrate 0 words 90 ID 763178077360047 URL https://www.facebook.com/politicalscrapbooknet/posts/763178077360047 audclicks 193 audreach 36 commentsimpress 8 commentsusers 6 engaged 58 impress 587 likeclickusers 43 likeimpress 28 likeuimpress 210 likeusers 25 likeuusers 166 matchedlinkclicks 6 matchedotherclicks 187 oimpress 587 oreach 455 posted "12/04/2018 05:52:12 PM" postlinkclicks 5 postotherclicks 33 reach 455 sharesimpress 14 sharesusers 14 type Link ========== Get a job - no cure for homelessness in California https://www.keranews.org/post/working-while-homeless-tough-job-thousands-californians == topic economics 1 ===== comments 1 impact 17 impactrate 0 likeimpress 5 negative 0 posted 2018-11-30 priority 1 ratio 6 react 12 reactrate 0 shares 2 sharesrate 0 sumclicks 4 title Get a job - no cure for homelessness in California topic economics wordrate 0 words 14 ID 760559070955281 URL https://www.facebook.com/politicalscrapbooknet/posts/760559070955281 audclicks 4 audreach 4 commentsimpress 1 commentsusers 1 engaged 7 impress 108 likeclickusers 7 likeimpress 5 likeuimpress 75 likeusers 5 likeuusers 59 matchedlinkclicks 2 matchedotherclicks 2 oimpress 108 oreach 74 posted "11/30/2018 06:59:01 AM" postlinkclicks 2 postotherclicks 2 reach 74 sharesimpress 2 sharesusers 2 type Link ========== Today's economics highlights It's not just jobs, it's relationships https://www.nytimes.com/2018/11/29/opinion/american-economy-working-class.html Manufacturing: trade deficits are not the problem trade deficits are not caused by unfair trade practices https://www.nytimes.com/2018/11/29/opinion/maga-trump-manufacturing.html Oil prices going down is bad for some Trump voters. Oil prices going up is bad for some Trump voters. https://www.nytimes.com/2018/11/29/business/oil-prices-trump.html Oil prices going down is bad for some industries. Oil prices going up is bad for some industries. https://www.nytimes.com/2018/11/29/business/dealbook/oil-price-junk-bonds.html China is back to its old espionage tricks https://www.nytimes.com/2018/11/29/us/politics/china-trump-cyberespionage.html But that might reflect weakness rather than strength https://www.nytimes.com/2018/11/29/opinion/china-rise-series-declining-economy.html == topic economics ===== impact 90 impactrate 0 likeimpress 1 negative 0 posted 2018-11-29 ratio 4 react 11 reactrate 0 shares 2 sharesrate 0 sumclicks 8 title Today's economics highlights topic economics wordrate 0 words 82 ID 760311600980028 URL https://www.facebook.com/politicalscrapbooknet/posts/760311600980028 audclicks 8 audreach 5 engaged 5 impress 77 likeclickusers 5 likeimpress 1 likeuimpress 52 likeusers 1 likeuusers 41 matchedlinkclicks 2 matchedotherclicks 6 oimpress 77 oreach 54 posted "11/29/2018 08:25:39 PM" postlinkclicks 2 postotherclicks 3 reach 54 sharesimpress 2 sharesusers 2 type Link ========== Joe Kennedy III outlines a moderate Democratic philosophy https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2018/11/27/daily-202-gm-layoffs-show-why-there-s-a-crisis-of-confidence-in-american-capitalism/5bfcc8311b326b60d128004f == topic economics ===== impact 18 impactrate 0 likeimpress 5 negative 0 posted 2018-11-27 ratio 4 react 16 reactrate 0 shares 3 sharesrate 0 sumclicks 8 title Joe Kennedy III outlines a moderate Democratic philosophy topic economics wordrate 0 words 11 ID 758917834452738 URL https://www.facebook.com/politicalscrapbooknet/posts/758917834452738 audclicks 8 audreach 5 engaged 7 impress 102 likeclickusers 6 likeimpress 5 likeuimpress 68 likeusers 5 likeuusers 53 matchedlinkclicks 1 matchedotherclicks 7 oimpress 102 oreach 75 posted "11/27/2018 01:43:02 PM" postlinkclicks 1 postotherclicks 4 reach 75 sharesimpress 3 sharesusers 3 type Link ========== Trump likes a strong dollar and trade surpluses Unfortunately, nobody can have both. Budget deficits strengthen the dollar, which makes exports less competitive, which increases trade deficits. https://www.washingtonpost.com/business/economy/why-the-us-trade-deficit-is-getting-bigger--despite-all-of-trumps-promises/2018/11/27/f2c2dd34-de1f-11e8-b3f0-62607289efee_story.html == topic economics ===== impact 45 impactrate 0 likeimpress 6 negative 0 posted 2018-11-27 ratio 4 react 15 reactrate 0 shares 3 sharesrate 0 sumclicks 6 title Trump likes a strong dollar and trade surpluses topic economics wordrate 0 words 30 ID 758776414466880 URL https://www.facebook.com/politicalscrapbooknet/posts/758776414466880 audclicks 6 audreach 4 engaged 9 impress 91 likeclickusers 9 likeimpress 6 likeuimpress 66 likeusers 6 likeuusers 52 matchedotherclicks 6 oimpress 91 oreach 67 posted "11/27/2018 09:06:05 AM" postotherclicks 4 reach 67 sharesimpress 3 sharesusers 3 type Link ========== GM layoffs bode ill https://www.washingtonpost.com/business/economy/gm-layoffs-and-plant-shutdowns-suggest-us-economy-may-be-starting-to-slow--and-dent-trumps-claim-of-an-industrial-renaissance/2018/11/26/39533566-f1ba-11e8-80d0-f7e1948d55f4_story.html https://www.washingtonpost.com/business/2018/11/26/gm-layoffs-are-another-victory-capital-over-labor == topic economics ===== impact 7 impactrate 0 likeimpress 3 negative 0 posted 2018-11-26 ratio 6 react 10 reactrate 0 shares 2 sharesrate 0 sumclicks 5 title GM layoffs bode ill topic economics wordrate 0 words 7 ID 758385564505965 URL https://www.facebook.com/politicalscrapbooknet/posts/758385564505965 audclicks 5 audreach 3 engaged 5 impress 86 likeclickusers 5 likeimpress 3 likeuimpress 67 likeusers 3 likeuusers 56 matchedlinkclicks 1 matchedotherclicks 4 oimpress 86 oreach 67 posted "11/26/2018 05:53:35 PM" postlinkclicks 1 postotherclicks 2 reach 67 sharesimpress 2 sharesusers 2 type Link ========== exports. China, corporate debt - three possible causes of the next recession. https://www.theatlantic.com/ideas/archive/2018/11/stocks-are-nosediving-recession-coming/576568/ More on debt - https://www.nytimes.com/2018/11/26/opinion/corporate-debt-bubble-att-ge.html But maybe there won't be a specific identifiable cause. Investors might collectively run out of optimism, and the markets will run out of buyers. http://www.political-scrapbook.net/theory.html#cycle == topic economics ===== hide 1 impact 47 impactrate 0 likeimpress 1 negative 1 posted 2018-11-26 ratio 6 react 11 reactrate 0 shares 3 sharesrate 0 sumclicks 6 title exports. China, corporate debt - topic economics wordrate 0 words 43 ID 758021731209015 URL https://www.facebook.com/politicalscrapbooknet/posts/758021731209015 audclicks 6 audreach 5 engaged 6 hideclicks 1 hideclicksusers 1 impress 79 likeclickusers 6 likeimpress 1 likeuimpress 50 likeusers 1 likeuusers 46 matchedlinkclicks 1 matchedotherclicks 5 negclicks 1 negusers 1 oimpress 79 oreach 66 posted "11/26/2018 06:13:59 AM" postlinkclicks 1 postotherclicks 4 reach 66 sharesimpress 3 sharesusers 3 type Link ========== Time to do something for the forgotten Americans Let's remember the good things about Theodore Roosevelt. Don't expect any help from the Trump administration. https://www.nytimes.com/2018/11/25/opinion/monopolies-in-the-us.html == topic economics ===== hide 1 impact 32 impactrate 0 likeimpress 2 negative 1 posted 2018-11-25 ratio 5 react 12 reactrate 0 shares 3 sharesrate 0 sumclicks 6 title Time to do something for the forgotten Americans topic economics wordrate 0 words 27 ID 757829241228264 URL https://www.facebook.com/politicalscrapbooknet/posts/757829241228264 audclicks 6 audreach 5 engaged 8 hideclicks 1 hideclicksusers 1 impress 87 likeclickusers 7 likeimpress 2 likeuimpress 60 likeusers 2 likeuusers 53 matchedlinkclicks 3 matchedotherclicks 3 negclicks 1 negusers 1 oimpress 87 oreach 67 posted "11/25/2018 10:00:23 PM" postlinkclicks 3 postotherclicks 3 reach 67 sharesimpress 3 sharesusers 3 type Link ========== Everything else is monetized now - why not friendship? The real end state of the gig economy. https://www.nytimes.com/2018/11/24/opinion/sunday/gig-economy-self-promotion-anxiety.html == topic economics ===== hide 1 impact 26 impactrate 0 likeimpress 4 negative 1 posted 2018-11-25 ratio 7 react 13 reactrate 0 shares 2 sharesrate 0 sumclicks 6 title Everything else is monetized now - why not friendship? topic economics wordrate 0 words 20 ID 757556591255529 URL https://www.facebook.com/politicalscrapbooknet/posts/757556591255529 audclicks 6 audreach 5 engaged 6 hideclicks 1 hideclicksusers 1 impress 132 likeclickusers 6 likeimpress 4 likeuimpress 57 likeusers 3 likeuusers 42 matchedlinkclicks 1 matchedotherclicks 5 negclicks 1 negusers 1 oimpress 132 oreach 100 posted "11/25/2018 12:51:39 PM" postlinkclicks 1 postotherclicks 4 reach 100 sharesimpress 2 sharesusers 2 type Link ========== Arithmetic is for small minds Breaking the norms of addition and subtraction! https://www.washingtonpost.com/politics/trump-demands-action-to-reduce-deficit-and-pushes-new-deficit-spending/2018/11/25/86bdf120-d88c-11e8-9559-712cbf726d1c_story.html Letting the printing presses run is a popular populist prescription. Look how well it worked in Venezuela! == topic economics 1 ===== comments 5 hide 1 impact 142 impactrate 0 likeimpress 6 negative 1 posted 2018-11-25 priority 1 ratio 3 react 43 reactrate 0 shares 1 sharesrate 0 sumclicks 30 title Arithmetic is for small minds topic economics wordrate 0 words 33 ID 757446981266490 URL https://www.facebook.com/politicalscrapbooknet/posts/757446981266490 audclicks 30 audreach 15 commentsimpress 5 commentsusers 5 engaged 19 hideclicks 1 hideclicksusers 1 impress 157 likeclickusers 15 likeimpress 6 likeuimpress 109 likeusers 6 likeuusers 98 matchedlinkclicks 7 matchedotherclicks 23 negclicks 1 negusers 1 oimpress 157 oreach 131 posted "11/25/2018 08:40:57 AM" postlinkclicks 6 postotherclicks 11 reach 131 sharesimpress 1 sharesusers 1 type Link ========== A recession is coming in its own good time While there are objective reasons to expect it sooner rather than later - https://www.nytimes.com/2018/11/20/business/stock-market-drop-economy.html https://www.washingtonpost.com/business/2018/11/20/two-big-reasons-there-really-might-be-recession/ Ultimately it's mass psychology http://www.political-scrapbook.net/theory.html#cycle == topic economics 1 ===== comments 3 impact 120 impactrate 0 likeimpress 4 negative 0 posted 2018-11-20 priority 1 ratio 2 react 40 reactrate 0 shares 5 sharesrate 0 sumclicks 28 title A recession is coming in its own good time topic economics wordrate 0 words 30 ID 754408151570373 URL https://www.facebook.com/politicalscrapbooknet/posts/754408151570373 audclicks 28 audreach 10 commentsimpress 3 commentsusers 3 engaged 13 impress 155 likeclickusers 8 likeimpress 4 likeuimpress 82 likeusers 4 likeuusers 64 matchedlinkclicks 2 matchedotherclicks 26 oimpress 155 oreach 108 posted "11/20/2018 06:03:57 PM" postlinkclicks 2 postotherclicks 8 reach 108 sharesimpress 5 sharesusers 5 type Link ========== Income inequality in Silicon Valley! https://www.mercurynews.com/2018/11/18/silicon-valley-wages-have-dropped-for-all-except-highest-paying-jobs-report/ Non-technology wages have not kept up with inflation. There's another point of view, at least nationally - https://www.washingtonpost.com/opinions/we-arent-stagnating-after-all/2018/11/18/055edb38-e9dc-11e8-a939-9469f1166f9d_story.html ===== impact 7 impactrate 0 likeimpress 1 negative 0 posted 2018-11-19 ratio 14 react 3 reactrate 0 shares 1 sharesrate 0 sumclicks 1 title Income inequality in Silicon Valley! topic economics wordrate 0 words 22 ID 753965738281281 URL https://www.facebook.com/politicalscrapbooknet/posts/753965738281281 audclicks 1 audreach 1 engaged 2 impress 68 likeclickusers 2 likeimpress 1 likeuimpress 44 likeusers 1 likeuusers 33 matchedlinkclicks 1 oimpress 68 oreach 43 posted "11/19/2018 08:36:38 PM" postlinkclicks 1 reach 43 sharesimpress 1 sharesusers 1 type Link ========== It's no longer the economy - until the next recession. https://www.washingtonpost.com/opinions/its-not-the-economy-stupid/2018/11/11/e1da4040-e453-11e8-ab2c-b31dcd53ca6b_story.html == topic economics ===== impact 16 impactrate 0 likeimpress 1 negative 0 posted 2018-11-13 ratio 3 react 12 reactrate 0 shares 1 sharesrate 0 sumclicks 10 title It's no longer the economy - until the next recession. topic economics wordrate 0 words 13 ID 750015848676270 URL https://www.facebook.com/politicalscrapbooknet/posts/750015848676270 audclicks 10 audreach 2 engaged 2 impress 62 likeclickusers 2 likeimpress 1 likeuimpress 37 likeusers 1 likeuusers 31 matchedotherclicks 10 oimpress 62 oreach 41 posted "11/13/2018 11:57:05 AM" postotherclicks 2 reach 41 sharesimpress 1 sharesusers 1 type Link ========== Remembering Theodore Roosevelt - concentration of economic power is as bad as concentration of political power https://www.nytimes.com/2018/11/10/opinion/sunday/fascism-economy-monopoly.html == topic economics ===== impact 32 impactrate 0 likeimpress 4 negative 0 posted 2018-11-12 ratio 4 react 17 reactrate 0 shares 3 sharesrate 0 sumclicks 10 title Remembering Theodore Roosevelt - concentration of economic topic economics wordrate 0 words 19 ID 749641642047024 URL https://www.facebook.com/politicalscrapbooknet/posts/749641642047024 audclicks 10 audreach 5 engaged 7 impress 117 likeclickusers 7 likeimpress 4 likeuimpress 53 likeusers 4 likeuusers 43 matchedotherclicks 10 oimpress 117 oreach 84 posted "11/12/2018 09:27:49 PM" postotherclicks 5 reach 84 sharesimpress 3 sharesusers 3 type Link ========== Actually addressing the forgotten Americans by changing the way we think about training and work https://www.nytimes.com/2018/11/08/opinion/midterms-working-class-labor.html == topic economics ===== impact 20 impactrate 0 likeimpress 2 negative 0 posted 2018-11-09 ratio 10 react 11 reactrate 0 shares 2 sharesrate 0 sumclicks 7 title Actually addressing the forgotten Americans topic economics wordrate 0 words 18 ID 747879798889875 URL https://www.facebook.com/politicalscrapbooknet/posts/747879798889875 audclicks 7 audreach 5 engaged 5 impress 170 likeclickusers 5 likeimpress 2 likeuimpress 97 likeusers 2 likeuusers 69 matchedlinkclicks 4 matchedotherclicks 3 oimpress 170 oreach 120 posted "11/09/2018 04:26:27 PM" postlinkclicks 4 postotherclicks 2 reach 120 sharesimpress 2 sharesusers 2 type Link ========== The trouble in Venezuela - Trump is right when he says that Venezuela's populist socialist government has ruined the economy. It's to be expected - https://en.wikipedia.org/wiki/Macroeconomic_populism But he's slightly wrong. The problem is POPULIST socialism, not populist SOCIALISM. There are plenty of well-managed stable socialist economies - places like Norway that Trump likes. https://en.wikipedia.org/wiki/Nordic_model But populism seems to inevitably lead to printing money and economic collapse. Now who was it thought the Fed should not increase interest rates to keep inflation under control? https://www.nytimes.com/2018/10/17/business/fed-interest-rates-trump.html == topic economics ===== impact 17 impactrate 0 negative 0 posted 2018-11-09 priority 1 ratio 12 react 2 reactrate 0 sharesrate 0 sumclicks 2 title The trouble in Venezuela - topic economics wordrate 0 words 84 ID 747826662228522 URL https://www.facebook.com/politicalscrapbooknet/posts/747826662228522 audclicks 2 audreach 2 engaged 2 impress 40 likeclickusers 2 likeuimpress 26 likeuusers 22 matchedotherclicks 2 oimpress 40 oreach 25 posted "11/09/2018 02:05:24 PM" postotherclicks 2 reach 25 type Link ========== Skipping elementary economics is no bar to high office in a democracy - https://www.nytimes.com/2018/11/02/opinion/the-perversion-of-fiscal-policy-slightly-wonkish.html topic economics ===== negative 0 posted 2018-11-02 rate 12 title Skipping elementary economics is no bar to high office in topic economics words 15 ID 743778685966653 URL https://www.facebook.com/politicalscrapbooknet/posts/743778685966653 impress 65 likeuimpress 36 likeuusers 28 oimpress 65 oreach 34 posted "11/02/2018 06:43:16 PM" reach 34 type Link ========== Demand-side economics Or middle-out economics. It's time for a theory that works. And a name that voters can relate to. https://www.nytimes.com/2018/11/02/opinion/sunday/the-democrats-next-job-bury-supply-side-economics.html We know that "supply-side" means "trickle-down" means billionaire tax cuts and ACA repeal. It was not a new idea to William Jennings Bryan - "There are two ideas of government. There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them. ... You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold." https://en.wikipedia.org/wiki/Cross_of_Gold_speech So why DO some people still think that an anonymous Wall Street bureaucrat will make more beneficial decisions for them than an anonymous Washington DC bureaucrat? topic economics ===== comments 1 impact 468 impactrate 0 likeimpress 11 negative 0 posted 2018-11-02 ratio 3 react 30 reactrate 0 shares 2 sharesrate 0 sumclicks 16 title Demand-side economics topic economics wordrate 0 words 156 ID 743617365982785 URL https://www.facebook.com/politicalscrapbooknet/posts/743617365982785 audclicks 16 audreach 8 commentsimpress 1 commentsusers 1 engaged 16 impress 138 likeclickusers 14 likeimpress 11 likeuimpress 68 likeusers 11 likeuusers 61 matchedlinkclicks 1 matchedotherclicks 15 oimpress 138 oreach 96 posted "11/02/2018 12:45:40 PM" postlinkclicks 1 postotherclicks 7 reach 96 sharesimpress 2 sharesusers 2 type Link ========== Minimum wage - a terrible idea - when we could be passing more billionaire tax cuts instead https://www.washingtonpost.com/business/2018/11/01/president-trumps-top-economic-adviser-calls-federal-minimum-wage-terrible-idea/ Fun fact: this is the most popular unboosted post ever on politicalscrapbooknet topic economics 1 ===== comments 88 hide 1 impact 7056 impactrate 0 likeimpress 403 negative 1 posted 2018-11-01 priority 1 ratio 4 react 2205 reactrate 0 shares 173 sharesrate 0 sumclicks 1540 title Minimum wage - a terrible idea - topic economics wordrate 0 words 32 ID 742969176047604 URL https://www.facebook.com/politicalscrapbooknet/posts/742969176047604 audclicks 1547 audreach 717 commentsimpress 88 commentsusers 82 engaged 1076 hideclicks 1 hideclicksusers 1 impress 15932 likeclickusers 47 likeimpress 403 likeuimpress 225 likeusers 397 likeuusers 160 matchedlinkclicks 236 matchedotherclicks 1304 matchedphotoclicks 7 negclicks 1 negusers 1 oimpress 15932 oreach 10722 posted "11/01/2018 10:38:28 AM" postlinkclicks 226 postotherclicks 525 postphotoclicks 7 reach 10722 sharesimpress 173 sharesusers 171 type Link ========== Petrification of wealth inequality https://www.washingtonpost.com/business/2018/10/30/owning-your-own-home-doesnt-make-you-rich-owning-somebody-elses-does/ Since social economic stratification tends to be feed on itself, one of government's ongoing tasks is to restore more equal opportunity by undoing extreme wealth inequality. http://www.political-scrapbook.net/theory.html#liberty%20and%20equality ===== impact 36 impactrate 0 likeimpress 1 negative 0 posted 2018-10-30 ratio 3 react 12 reactrate 0 sharesrate 0 sumclicks 11 title Petrification of wealth inequality topic economics wordrate 0 words 30 ID 741884629489392 URL https://www.facebook.com/politicalscrapbooknet/posts/741884629489392 audclicks 11 audreach 4 engaged 5 impress 75 likeclickusers 5 likeimpress 1 likeuimpress 47 likeusers 1 likeuusers 36 matchedotherclicks 11 oimpress 75 oreach 38 posted "10/30/2018 09:12:12 AM" postotherclicks 4 reach 38 type Link ========== Stock market drops are a bad thing - if you are president or running for president or a short-term trader. But stock market drops are a good thing - "STOCKS ON SALE!" - if you are investing for a specific target date in the future. Then you can hardly do better than dollar-cost averaging buy and hold of target-date no-load mutual funds. Hold through thick and thin until your target date. You'll outperform almost all professional active-portfolio money managers. https://www.washingtonpost.com/business/economy/how-i-learned-to-love-a-good-downturn-in-the-stock-market/2018/10/26/266d5b56-d70d-11e8-83a2-d1c3da28d6b6_story.html There is a problem with stock market drops that last years rather than weeks. Bear markets are usually associated with a general economic recession that might result in your unemployment and inability to continue your dollar-cost averaging buying - even though stocks are very cheap compared to what they will be after the next bull market starts. But after any given day, you do not know AT THAT TIME - and neither does anybody else - whether stocks might be halfway down to the next bear market, or halfway up to the next bull market. So quit worrying about market timing and stick to your plan. Follow Warren Buffett's advice and don't even open your monthly statements. You don't need to read a newsletter or a book, but if you want one, read anything by John Bogle, founder of Vanguard. You don't need a broker either. ===== impact 68 impactrate 0 negative 0 posted 2018-10-27 ratio 9 react 3 reactrate 0 sharesrate 0 sumclicks 3 title Stock market drops are a bad thing - topic economics wordrate 0 words 225 ID 740509416293580 URL https://www.facebook.com/politicalscrapbooknet/posts/740509416293580 audclicks 3 audreach 3 engaged 3 impress 63 likeclickusers 3 likeuimpress 33 likeuusers 25 matchedlinkclicks 1 matchedotherclicks 2 oimpress 63 oreach 28 posted "10/27/2018 11:41:51 PM" postlinkclicks 1 postotherclicks 2 reach 28 type Link ========== Does gender affect economic outlook? Is the recovery evenly beneficial to men and women? https://www.nytimes.com/2018/10/27/business/economy/women-usa-economy.html Or does gender effect political outlook which effects economic outlook? ===== comments 2 impact 10 impactrate 0 likeimpress 1 negative 0 posted 2018-10-27 priority 1 ratio 12 react 4 reactrate 0 sharesrate 0 sumclicks 1 title Does gender affect economic outlook? topic economics wordrate 0 words 24 ID 740109886333533 URL https://www.facebook.com/politicalscrapbooknet/posts/740109886333533 audclicks 1 audreach 1 commentsimpress 2 commentsusers 2 engaged 2 impress 85 likeclickusers 2 likeimpress 1 likeuimpress 58 likeusers 1 likeuusers 44 matchedotherclicks 1 oimpress 85 oreach 49 posted "10/27/2018 06:57:22 AM" postotherclicks 1 reach 49 type Link ========== What happens when you keep building office space https://www.mercurynews.com/2018/10/18/tech-boom-silicon-valley-best-office-market-years-google-roku-apple-facebook-amazon-adobe/ faster than you keep building housing space? https://www.businessinsider.com/silicon-valley-housing-market-expensive-897-square-foot-palo-alto-259-million-2018-7 ===== negative 0 posted 2018-10-27 rate 7 title What happens when you keep building office space topic economics words 15 title What happens when you keep building office space ID 740091323002056 URL https://www.facebook.com/politicalscrapbooknet/posts/740091323002056 type Link posted "10/27/2018 06:15:32 AM" reach 17 oreach 17 impress 36 oimpress 36 likeuimpress 20 likeuusers 15 ========== How to convert the global leader into just another third-world economy - Accentuate income inequality and inopportunity - at every opportunity. https://www.moodys.com/research/Moodys-Widening-income-inequality-will-weigh-on-US-credit-profile--PR_389062 https://www.washingtonpost.com/opinions/the-hidden-costs-of-the-gops-deficit-two-step/2018/10/21/2dfda0f4-d3c2-11e8-8c22-fa2ef74bd6d6_story.html ===== impact 15 impactrate 0 likeimpress 1 negative 0 posted 2018-10-21 ratio 8 react 7 reactrate 0 shares 3 sharesrate 0 sumclicks 3 title How to convert the global leader into just another topic economics wordrate 0 words 21 ID 737136473297541 URL https://www.facebook.com/politicalscrapbooknet/posts/737136473297541 audclicks 3 audreach 3 engaged 5 impress 98 likeclickusers 5 likeimpress 1 likeuimpress 56 likeusers 1 likeuusers 46 matchedlinkclicks 1 matchedotherclicks 2 oimpress 98 oreach 58 posted "10/21/2018 07:24:06 PM" postlinkclicks 1 postotherclicks 2 reach 58 sharesimpress 3 sharesusers 3 type Link ========== Full employment https://www.washingtonpost.com/outlook/2018/10/05/benefits-full-employment/ Trump will take credit. Will he also take credit for the erosion of what's left of organized labor's power now that he has a reactionary Supreme Court? That erosion is one reason why economic recovery has taken so long to trickle down to the bottom. ===== impact 52 impactrate 0 likeimpress 1 negative 0 posted 2018-10-06 ratio 4 react 11 reactrate 0 sharesrate 0 sumclicks 10 title Full employment topic economics wordrate 0 words 47 ID 728761637468358 URL https://www.facebook.com/politicalscrapbooknet/posts/728761637468358 audclicks 10 audreach 10 engaged 10 impress 74 likeclickusers 10 likeimpress 1 likeuimpress 53 likeusers 1 likeuusers 47 matchedlinkclicks 1 matchedotherclicks 9 oimpress 74 oreach 51 posted "10/06/2018 08:21:33 AM" postlinkclicks 1 postotherclicks 9 reach 51 type Link ========== It's not just a matter of having the right parents - https://www.washingtonpost.com/business/2018/10/02/downward-mobility-where-middle-class-kids-are-worse-off-than-their-parents/ It's a matter of having the right parents in the right neighborhood too! ===== impact 10 impactrate 0 likeimpress 2 negative 0 posted 2018-10-05 ratio 8 react 4 reactrate 0 sharesrate 0 sumclicks 2 title It's not just a matter of having the right parents - topic economics wordrate 0 words 24 ID 728400107504511 URL https://www.facebook.com/politicalscrapbooknet/posts/728400107504511 audclicks 2 audreach 2 engaged 3 impress 57 likeclickusers 3 likeimpress 2 likeuimpress 34 likeusers 2 likeuusers 31 matchedlinkclicks 1 matchedotherclicks 1 oimpress 57 oreach 35 posted "10/05/2018 05:02:19 PM" postlinkclicks 1 postotherclicks 1 reach 35 type Link ========== Supply and demand It looks like demand will keep Silicon Valley housing expensive for the foreseeable future. But it's going to be hard to hire people to do the dirty work if they aren't paid enough to make it worthwhile to commute from wherever they can afford to live. https://www.mercurynews.com/2018/10/04/bay-area-migration-means-high-incomes-in-low-incomes-out/ ===== likeimpress 1 negative 0 posted 2018-10-05 rate 0 ratio 31 react 1 title Supply and demand topic economics words 49 ID 728215800856275 URL https://www.facebook.com/politicalscrapbooknet/posts/728215800856275 engaged 1 impress 57 likeclickusers 1 likeimpress 1 likeuimpress 31 likeusers 1 likeuusers 28 oimpress 57 oreach 31 posted "10/05/2018 07:50:12 AM" reach 31 type Link ========== Next time, Mr President, please streamline the process by imposing tariffs only on goods imported into blue states. https://www.nytimes.com/2018/10/04/us/politics/lindsey-graham-china-tariffs.html ===== comments 2 hide 1 impact 76 impactrate 0 likeimpress 13 negative 1 posted 2018-10-04 ratio 4 react 42 reactrate 0 shares 7 sharesrate 0 sumclicks 19 title Next time, Mr President, please streamline the process topic economics wordrate 0 words 18 ID 727836357560886 URL https://www.facebook.com/politicalscrapbooknet/posts/727836357560886 audclicks 19 audreach 14 commentsimpress 2 commentsusers 2 engaged 25 hideclicks 1 hideclicksusers 1 impress 232 likeclickusers 18 likeimpress 13 likeuimpress 108 likeusers 13 likeuusers 87 matchedlinkclicks 5 matchedotherclicks 14 negclicks 1 negusers 1 oimpress 232 oreach 173 posted "10/04/2018 01:23:58 PM" postlinkclicks 5 postotherclicks 10 reach 173 sharesimpress 7 sharesusers 7 type Link ========== Steel is surging https://www.washingtonpost.com/business/economy/steel-is-surging-under-trump-will-workers-benefit/2018/10/03/60a7cd60-c655-11e8-b2b5-79270f9cce17_story.html ===== impact 11 impactrate 0 negative 0 posted 2018-10-03 ratio 1 react 37 reactrate 0 shares 2 sharesrate 0 sumclicks 35 title Steel is surging topic economics wordrate 0 words 3 ID 727380990939756 URL https://www.facebook.com/politicalscrapbooknet/posts/727380990939756 audclicks 35 audreach 4 engaged 4 impress 92 likeclickusers 4 likeuimpress 64 likeuusers 55 matchedlinkclicks 4 matchedotherclicks 31 oimpress 92 oreach 70 posted "10/03/2018 07:05:52 PM" postlinkclicks 2 postotherclicks 3 reach 70 sharesimpress 2 sharesusers 2 type Link ========== The bottom 90 percent are still poorer than they were in 2007 https://www.washingtonpost.com/business/2018/10/01/bottom-percent-are-still-poorer-than-they-were/ You can always spin the statistics differently - https://www.washingtonpost.com/opinions/dont-be-fooled-working-americans-are-worse-off-under-trump/2018/09/30/f789f198-be82-11e8-be70-52bd11fe18af_story.html Understand the difference between mean and median? What's good for the billionaires is good for you, if the statistics are rigged that way. https://www.nytimes.com/2018/09/14/opinion/columnists/great-recession-economy-gdp.html The right-wing revival from Trump to Orban got much of its energy from the correct observation that the people at the top (like Trump!) were experiencing an economic recovery quite different from the people at the bottom (his supporters!). Lots of folks who were just starting to get their feet back on the ground were knocked down against just before the election - https://www.nytimes.com/2018/09/29/upshot/mini-recession-2016-little-known-big-impact.html So they voted for a change, for Trump. Will they again? He's sure they're too dumb to care - https://www.nytimes.com/2018/09/14/opinion/trump-base-polls.html ===== comments 2 impact 438 impactrate 0 likeimpress 13 negative 0 posted 2018-10-02 ratio 6 react 35 reactrate 0 shares 11 sharesrate 0 sumclicks 9 title The bottom 90 percent are still poorer than they were topic economics wordrate 0 words 125 ID 726697401008115 URL https://www.facebook.com/politicalscrapbooknet/posts/726697401008115 audclicks 9 audreach 7 commentsimpress 2 commentsusers 2 engaged 20 impress 318 likeclickusers 13 likeimpress 13 likeuimpress 103 likeusers 12 likeuusers 78 matchedotherclicks 9 oimpress 318 oreach 225 posted "10/02/2018 03:39:22 PM" postotherclicks 7 reach 225 sharesimpress 11 sharesusers 10 type Link ========== Bits and buds and bubbles https://www.bloomberg.com/news/articles/2018-09-27/crypto-and-cannabis-are-the-perfect-post-crisis-bubbles Most people will better enjoy the quiet ride of passive, no-load, index funds. ===== negative 0 posted 2018-09-30 rate 4 title Bits and buds and bubbles topic economics words 18 title Bits and buds and bubbles ID 725795574431631 URL https://www.facebook.com/politicalscrapbooknet/posts/725795574431631 type Link posted "09/30/2018 09:29:52 PM" reach 19 oreach 19 impress 48 oimpress 48 likeuimpress 19 likeuusers 17 ========== Do you know the difference between mean and median? And does inflation count? https://www.washingtonpost.com/opinions/dont-be-fooled-working-americans-are-worse-off-under-trump/2018/09/30/f789f198-be82-11e8-be70-52bd11fe18af_story.html In case you're uncertain about the first question, if Jeff Bezos (used to be Bill Gates) walks into a crowded bar, the mean net worth of patrons goes way up, but the median net worth won't move by much. ===== comments 20 impact 1128 impactrate 0 likeimpress 49 negative 0 posted 2018-09-30 ratio 2 react 217 reactrate 0 shares 22 sharesrate 0 sumclicks 126 title Do you know the difference between mean and median? topic economics wordrate 0 words 52 ID 725728177771704 URL https://www.facebook.com/politicalscrapbooknet/posts/725728177771704 audclicks 126 audreach 69 commentsimpress 20 commentsusers 15 engaged 104 impress 993 likeclickusers 50 likeimpress 49 likeuimpress 211 likeusers 48 likeuusers 164 matchedlinkclicks 26 matchedotherclicks 100 oimpress 993 oreach 650 posted "09/30/2018 05:13:32 PM" postlinkclicks 22 postotherclicks 53 reach 650 sharesimpress 22 sharesusers 22 type Link ========== Who decides who gets to pay lower rent and who gets to pay more? Perhaps it's no different than different property taxes on identical houses. https://www.mercurynews.com/2018/09/27/california-and-rent-control-what-we-can-learn-from-berkeley-and-santa-monica/ In one form or another, subsidized rents mean that somebody is paying the subsidy. ===== impact 20 impactrate 0 likeimpress 1 negative 0 posted 2018-09-30 ratio 6 react 5 reactrate 0 sharesrate 0 sumclicks 4 title Who decides who gets to pay lower rent and who gets to topic economics wordrate 0 words 39 ID 725545994456589 URL https://www.facebook.com/politicalscrapbooknet/posts/725545994456589 audclicks 4 audreach 2 engaged 2 impress 60 likeclickusers 2 likeimpress 1 likeuimpress 35 likeusers 1 likeuusers 32 matchedlinkclicks 2 matchedotherclicks 2 oimpress 60 oreach 34 posted "09/30/2018 08:25:49 AM" postlinkclicks 1 postotherclicks 2 reach 34 type Link ========== The root cause of the housing crisis - it's not zoning or materials or labor costs https://www.nytimes.com/2018/09/29/business/economy/home-prices-housing-market-slowdown.html The root cause is income inequality - the gap between the people who can afford expensive houses - and thus push demand up - and the people who can't - who are however necessary for a functioning community. ===== impact 108 impactrate 0 likeimpress 7 negative 0 posted 2018-09-29 ratio 4 react 20 reactrate 0 shares 2 sharesrate 0 sumclicks 11 title The root cause of the housing crisis - it's not zoning or topic economics wordrate 0 words 54 ID 725124267832095 URL https://www.facebook.com/politicalscrapbooknet/posts/725124267832095 audclicks 11 audreach 9 engaged 16 impress 131 likeclickusers 15 likeimpress 7 likeuimpress 90 likeusers 7 likeuusers 69 matchedlinkclicks 3 matchedotherclicks 8 oimpress 131 oreach 91 posted "09/29/2018 09:16:46 AM" postlinkclicks 2 postotherclicks 7 reach 91 sharesimpress 2 sharesusers 2 type Link ========== Trump thinks lower oil prices are a good thing The 2016 oil price collapse might well have elected Trump. https://www.nytimes.com/2018/09/29/upshot/mini-recession-2016-little-known-big-impact.html STABLE prices are a good thing, when you can get them. But the global economy is always in motion, with all kinds of consequences. Who knows where the fickle finger of fate points next? ===== impact 16 impactrate 0 negative 0 posted 2018-09-29 priority 1 ratio 7 react 3 reactrate 0 sharesrate 0 sumclicks 3 title Trump thinks lower oil prices are a good thing topic economics wordrate 0 words 53 ID 725092061168649 URL https://www.facebook.com/politicalscrapbooknet/posts/725092061168649 audclicks 3 audreach 3 engaged 3 impress 42 likeclickusers 3 likeuimpress 23 likeuusers 19 matchedotherclicks 3 oimpress 42 oreach 21 posted "09/29/2018 08:02:06 AM" postotherclicks 3 reach 21 type Link ========== New points to add to political-theses.net https://www.washingtonpost.com/outlook/five-myths/five-myths-about-capitalism/2018/09/27/3f0b72f6-c06f-11e8-90c9-23f963eea204_story.html ===== impact 4 impactrate 0 negative 0 posted 2018-09-28 ratio 6 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 6 title New points to add to political-theses.net topic economics wordrate 0 words 6 ID 724863511191504 URL https://www.facebook.com/politicalscrapbooknet/posts/724863511191504 audclicks 6 audreach 2 engaged 2 impress 70 likeclickusers 1 likeuimpress 40 likeuusers 34 matchedlinkclicks 2 matchedotherclicks 4 oimpress 70 oreach 43 posted "09/28/2018 07:06:36 PM" postlinkclicks 1 postotherclicks 1 reach 43 sharesimpress 1 sharesusers 1 type Link ========== Undermining the business model of social media https://www.washingtonpost.com/technology/2018/09/25/inside-big-meeting-federal-state-law-enforcement-that-signaled-new-willingness-investigate-tech-giants/ The cost side of the business model of social media is based on automatic artificial intelligence-derived algorithmic methods to keep things running with as little expensive human labor as possible, and on leaving the responsibility for end-user contributions to end-user contributors. Having to hire hordes of human moderators to suppress inappropriate contributions increases labor costs and reduces ad sales, and leads to legal entanglements around censorship and bias. So one way for the government (or society in general) to hinder the social media companies is to demand that they control contributions and then sue them for bias when they do. This is not necessarily a bad thing! ===== impact 57 impactrate 0 likeimpress 2 negative 0 posted 2018-09-28 ratio 6 react 5 reactrate 0 sharesrate 0 sumclicks 3 title Undermining the business model of social media topic economics wordrate 0 words 114 ID 724839127860609 URL https://www.facebook.com/politicalscrapbooknet/posts/724839127860609 audclicks 3 audreach 2 engaged 2 impress 49 likeclickusers 2 likeimpress 2 likeuimpress 32 likeusers 1 likeuusers 29 matchedlinkclicks 2 matchedotherclicks 1 oimpress 49 oreach 31 posted "09/28/2018 05:48:50 PM" postlinkclicks 2 postotherclicks 1 reach 31 type Link ========== Thinking of trying multi-level marketing? https://www.washingtonpost.com/business/2018/09/27/why-that-multilevel-marketing-business-is-probably-not-going-pay-off/ ===== negative 0 posted 2018-09-28 rate 5 title Thinking of trying multi-level marketing? topic economics words 5 title Thinking of trying multi-level marketing? ID 724838357860686 URL https://www.facebook.com/politicalscrapbooknet/posts/724838357860686 type Link posted "09/28/2018 05:45:47 PM" reach 25 oreach 25 impress 46 oimpress 46 likeuimpress 29 likeuusers 22 ========== When you are the leader, you owe something to your followers https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-sec-deal.html When you are the leader, it matters what you say https://www.washingtonpost.com/technology/2018/09/27/sec-sues-teslas-elon-musk-alleging-he-lied-investors/ It's not all about the leader. Except in a dictatorship. https://www.marketwatch.com/story/sec-settlement-forces-tesla-to-find-elon-musk-some-adult-supervision-2018-09-29 Musk doesn't seem old enough to have been raised by Roy Cohn, the way Trump was. But he hits back the same way - https://www.washingtonpost.com/technology/2018/10/04/elon-musk-taunts-sec-days-after-fraud-settlement/ ===== impact 99 impactrate 0 likeimpress 2 negative 0 posted 2018-09-27 ratio 4 react 18 reactrate 0 shares 1 sharesrate 0 sumclicks 15 title When you are the leader, you owe something to your topic economics wordrate 0 words 55 ID 724376651240190 URL https://www.facebook.com/politicalscrapbooknet/posts/724376651240190 audclicks 15 audreach 4 engaged 5 impress 131 likeclickusers 4 likeimpress 2 likeuimpress 62 likeusers 2 likeuusers 42 matchedlinkclicks 1 matchedotherclicks 14 oimpress 131 oreach 80 posted "09/27/2018 03:33:07 PM" postlinkclicks 1 postotherclicks 3 reach 80 sharesimpress 1 sharesusers 1 type Link ========== Bad bets for real estate investment https://www.bloomberg.com/news/articles/2018-09-27/chicago-stands-alone-as-undervalued-housing-market-ubs-says ===== negative 0 posted 2018-09-27 rate 4 title Bad bets for real estate investment topic economics words 6 title Bad bets for real estate investment ID 724331101244745 URL https://www.facebook.com/politicalscrapbooknet/posts/724331101244745 type Link posted "09/27/2018 12:31:14 PM" reach 20 oreach 20 impress 39 oimpress 39 likeuimpress 22 likeuusers 18 ========== Actually doing something positive for former coal country https://www.nytimes.com/2018/09/21/opinion/sunday/silicon-valley-tech.html It's amazing how many people are against the idea. ===== impact 31 impactrate 0 likeimpress 1 negative 0 posted 2018-09-21 ratio 3 react 18 reactrate 0 shares 2 sharesrate 0 sumclicks 15 title Actually doing something positive for former coal country topic economics wordrate 0 words 17 ID 721074158237106 URL https://www.facebook.com/politicalscrapbooknet/posts/721074158237106 audclicks 15 audreach 4 engaged 4 impress 87 likeclickusers 4 likeimpress 1 likeuimpress 49 likeusers 1 likeuusers 40 matchedlinkclicks 3 matchedotherclicks 12 oimpress 87 oreach 62 posted "09/21/2018 05:56:59 AM" postlinkclicks 2 postotherclicks 3 reach 62 sharesimpress 2 sharesusers 2 type Link ========== Did somebody forget that higher oil prices are good for those Trump supporters fracking up the Great Plains and Rockies? https://www.washingtonpost.com/business/2018/09/20/trump-urges-opec-drive-down-oil-prices/ ===== impact 4 impactrate 0 negative 0 posted 2018-09-20 ratio 17 react 2 reactrate 0 sharesrate 0 sumclicks 2 title Did somebody forget that higher oil prices are good for topic economics wordrate 0 words 20 ID 720624414948747 URL https://www.facebook.com/politicalscrapbooknet/posts/720624414948747 audclicks 2 audreach 1 engaged 1 impress 50 likeclickusers 1 likeuimpress 32 likeuusers 30 matchedotherclicks 2 oimpress 50 oreach 34 posted "09/20/2018 08:08:00 AM" postotherclicks 1 reach 34 type Link ========== What's a recession without a clear dominant cause? A smorgasbord. https://www.nytimes.com/2018/09/19/opinion/a-smorgasbord-recession-wonkish.html ===== negative 0 posted 2018-09-19 rate 2 title What's a recession without a clear dominant cause? topic economics words 10 title What's a recession without a clear dominant cause? ID 720339031643952 URL https://www.facebook.com/politicalscrapbooknet/posts/720339031643952 type Link posted "09/19/2018 05:53:05 PM" reach 14 oreach 14 impress 34 oimpress 34 likeuimpress 14 likeuusers 12 ========== "Really helping the people and places that have been hurt by trade would mean making sure they can get good jobs, increasing the minimum wage and overtime pay, strengthening unions, directly helping our small manufacturers access global supply chains, investing in future technologies, supporting apprenticeships for displaced workers, and pushing back on currency manipulators." https://www.washingtonpost.com/outlook/2018/09/18/heres-why-economic-impacts-trumps-tariffs-are-often-exaggerated-b-they-still-stink/ The institutional damage is the worst part - https://www.nytimes.com/2018/09/20/opinion/tariffs-trump-corrupt.html ===== impact 43 impactrate 0 negative 0 posted 2018-09-19 ratio 4 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 6 title "Really helping the people and places that have topic economics wordrate 0 words 62 ID 720330644978124 URL https://www.facebook.com/politicalscrapbooknet/posts/720330644978124 audclicks 6 audreach 3 engaged 3 impress 57 likeclickusers 3 likeuimpress 30 likeuusers 23 matchedotherclicks 6 oimpress 57 oreach 34 posted "09/19/2018 05:25:39 PM" postotherclicks 3 reach 34 sharesimpress 1 sharesusers 1 type Link ========== Borrowed from a non-bank recently? https://www.nytimes.com/2018/09/18/opinion/economy-debt-markets-crash.html ===== hide 1 impact 5 impactrate 0 likeimpress 1 negative 1 posted 2018-09-18 ratio 3 react 10 reactrate 0 shares 1 sharesrate 0 sumclicks 7 title Borrowed from a non-bank recently? topic economics wordrate 0 words 5 ID 719629768381545 URL https://www.facebook.com/politicalscrapbooknet/posts/719629768381545 audclicks 7 audreach 4 engaged 4 hideclicks 1 hideclicksusers 1 impress 50 likeclickusers 4 likeimpress 1 likeuimpress 32 likeusers 1 likeuusers 29 matchedlinkclicks 4 matchedotherclicks 3 negclicks 1 negusers 1 oimpress 50 oreach 34 posted "09/18/2018 06:55:36 PM" postlinkclicks 3 postotherclicks 2 reach 34 sharesimpress 1 sharesusers 1 type Link ========== Signs of a market top http://www.santacruzsentinel.com/article/NE/20180913/NEWS/180919862 Good while it lasted, but nothing is forever. Labor getting scarce and expensive threatens marginal employers - https://apnews.com/a384d392dc5c4461a906476d2b16b7bc Yet somehow the housing market is cooling off, locally at least. Nobody wants to buy a house at the top of the market and then lose his job - https://www.heraldonline.com/news/business/article218527350.html High prices yet an uncertain future means.... declining birth rate. https://www.mercurynews.com/2018/09/13/more-than-half-of-tech-workers-say-they-delay-kids-because-of-soaring-cost-of-living/ ===== comments 5 hide 1 impact 250 impactrate 0 likeimpress 8 negative 1 posted 2018-09-17 ratio 3 react 41 reactrate 0 shares 2 sharesrate 0 sumclicks 25 title Signs of a market top topic economics wordrate 0 words 61 ID 718794385131750 URL https://www.facebook.com/politicalscrapbooknet/posts/718794385131750 audclicks 25 audreach 19 commentsimpress 5 commentsusers 4 engaged 21 hideclicks 1 hideclicksusers 1 impress 182 likeclickusers 18 likeimpress 8 likeuimpress 112 likeusers 8 likeuusers 86 matchedlinkclicks 5 matchedotherclicks 20 negclicks 1 negusers 1 oimpress 182 oreach 133 posted "09/17/2018 07:51:48 AM" postlinkclicks 5 postotherclicks 15 reach 133 sharesimpress 2 sharesusers 2 type Link ========== Unmanageable debt is the match that lights the fire - https://www.washingtonpost.com/powerpost/deficit-hawks-are-dead-and-few-in-washington-can-muster-any-outrage/2018/09/14/1d6e95b0-b840-11e8-94eb-3bd52dfe917b_story.html The national debt clock keeps ticking - https://www.washingtonpost.com/business/2018/09/17/i-support-higher-taxes-billionaire-behind-national-debt-clock-has-had-it-with-trump/ In introductory economics they point out that if the national debt were equally held by all American households, and they all suddenly lost all the t-bills... nobody would be better or worse off. That's true. But the national debt is not just held by American households, and it's not equally distributed among them. But many American households have other kinds of debt whose interest rate is tied to T-bills. That interest rate matters to them. Nowadays the tourists who find the national debt clock are Chinese - and China is the largest foreign holder of our debt. At some time, in some way, the Chinese are going to want the debt repaid in real American assets. We know what to do about the national debt - but elected politicians consider it toxic. http://www.political-scrapbook.net/theory.html#bipartisanship http://www.one-flat-tax.net/ ===== impact 402 impactrate 0 likeimpress 5 negative 0 posted 2018-09-17 priority 1 ratio 4 react 27 reactrate 0 shares 5 sharesrate 0 sumclicks 17 title Unmanageable debt is the match that lights the fire - topic economics wordrate 0 words 149 ID 718791428465379 URL https://www.facebook.com/politicalscrapbooknet/posts/718791428465379 audclicks 17 audreach 7 engaged 11 impress 154 likeclickusers 10 likeimpress 5 likeuimpress 81 likeusers 5 likeuusers 67 matchedlinkclicks 3 matchedotherclicks 14 oimpress 154 oreach 112 posted "09/17/2018 07:41:47 AM" postlinkclicks 3 postotherclicks 5 reach 112 sharesimpress 5 sharesusers 5 type Link ========== Saving Wall Street looks and feels bad but the alternative would look and feel much worse. https://www.washingtonpost.com/opinions/a-warning-from-the-almost-depression/2018/09/16/b67a93e2-b85b-11e8-a7b5-adaaa5b2a57f_story.html It's not easy to stop a panicked mob. Lehman had plenty of warning. https://www.nytimes.com/2018/09/17/opinion/lehman-brothers-financial-crisis.html ===== hide 2 impact 15 impactrate 0 negative 2 posted 2018-09-16 ratio 8 react 5 reactrate 0 sharesrate 0 sumclicks 3 title Saving Wall Street looks and feels bad topic economics wordrate 0 words 29 ID 718557625155426 URL https://www.facebook.com/politicalscrapbooknet/posts/718557625155426 audclicks 3 audreach 2 engaged 2 hideclicks 2 hideclicksusers 2 impress 71 likeclickusers 2 likeuimpress 49 likeuusers 40 matchedotherclicks 3 negclicks 2 negusers 2 oimpress 71 oreach 44 posted "09/16/2018 07:12:09 PM" postotherclicks 2 reach 44 type Link ========== Millenials and the economic collapse https://www.nytimes.com/2018/09/15/opinion/sunday/financial-crisis-student-loans-recession.html ===== hide 2 impact 11 impactrate 0 likeimpress 5 negative 2 posted 2018-09-16 ratio 3 react 22 reactrate 0 shares 1 sharesrate 0 sumclicks 14 title Millenials and the economic collapse topic economics wordrate 0 words 5 ID 718359031841952 URL https://www.facebook.com/politicalscrapbooknet/posts/718359031841952 audclicks 14 audreach 8 engaged 10 hideclicks 1 hideclicksusers 2 impress 97 likeclickusers 10 likeimpress 5 likeuimpress 72 likeusers 5 likeuusers 63 matchedlinkclicks 3 matchedotherclicks 11 negclicks 2 negusers 1 oimpress 97 oreach 73 posted "09/16/2018 11:34:39 AM" postlinkclicks 3 postotherclicks 5 reach 73 sharesimpress 1 sharesusers 1 type Link ========== A recovering American economy means higher interest rates on dollar debt. That's bad news for the much of the third world. https://www.washingtonpost.com/business/economy/turkeys-woes-could-be-just-the-start-as-record-global-debt-bills-come-due/2018/08/28/f9f144c6-a231-11e8-8e87-c869fe70a721_story.html Unmanageable debt is the match that lights the fire of every crisis. https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== hide 1 impact 23 impactrate 0 likeimpress 2 negative 1 posted 2018-09-14 ratio 7 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 3 title A recovering American economy means higher interest rates topic economics wordrate 0 words 33 ID 717536745257514 URL https://www.facebook.com/politicalscrapbooknet/posts/717536745257514 audclicks 3 audreach 3 engaged 4 hideclicks 1 hideclicksusers 1 impress 71 likeclickusers 4 likeimpress 2 likeuimpress 37 likeusers 2 likeuusers 29 matchedlinkclicks 1 matchedotherclicks 2 negclicks 1 negusers 1 oimpress 71 oreach 49 posted "09/14/2018 08:23:09 PM" postlinkclicks 1 postotherclicks 2 reach 49 sharesimpress 1 sharesusers 1 type Link ========== What's good for the billionaires is good for you. The statistics are rigged that way. https://www.nytimes.com/2018/09/14/opinion/columnists/great-recession-economy-gdp.html The right-wing revival from Trump to Orban got much of its energy from the correct observation that the people at the top (like Trump!) were experiencing an economic recovery quite different from the people at the bottom (his supporters!). He's sure they're too dumb to care - https://www.nytimes.com/2018/09/14/opinion/trump-base-polls.html That's why Trump administration policies don't concern themselves with preventing another crash - it won't be HIS problem! https://www.nytimes.com/2018/09/13/opinion/lehman-economic-crisis.html https://www.washingtonpost.com/opinions/wall-street-never-learned-its-lesson/2018/09/13/87154c6c-b75e-11e8-b79f-f6e31e555258_story.html https://www.washingtonpost.com/opinions/heaven-help-us-in-the-next-financial-crisis/2018/09/13/35eae7ee-b78f-11e8-a7b5-adaaa5b2a57f_story.html https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== comments 1 impact 288 impactrate 0 likeimpress 6 negative 0 posted 2018-09-14 priority 1 ratio 4 react 36 reactrate 0 shares 6 sharesrate 0 sumclicks 23 title What's good for the billionaires is good for you. topic economics wordrate 0 words 80 ID 717230238621498 URL https://www.facebook.com/politicalscrapbooknet/posts/717230238621498 audclicks 23 audreach 10 commentsimpress 1 commentsusers 1 engaged 12 impress 193 likeclickusers 12 likeimpress 6 likeuimpress 66 likeusers 6 likeuusers 57 matchedlinkclicks 1 matchedotherclicks 22 oimpress 193 oreach 148 posted "09/14/2018 07:00:03 AM" postlinkclicks 1 postotherclicks 9 reach 148 sharesimpress 6 sharesusers 6 type Link ========== If you don't have any retirement funds, why not sell your house and invest the proceeds in the lottery? You might win big. Some people are dumb enough to consider that idea - https://www.mercurynews.com/2018/06/19/borenstein-mtc-considers-risky-investment-scheme-to-reduce-pension-debt/ How far did that idea get? ===== comments 1 hide 1 impact 39 impactrate 0 likeimpress 2 negative 1 posted 2018-09-13 ratio 4 react 10 reactrate 0 sharesrate 0 sumclicks 6 title If you don't have any retirement funds, why not sell your topic economics wordrate 0 words 39 ID 716964575314731 URL https://www.facebook.com/politicalscrapbooknet/posts/716964575314731 audclicks 6 audreach 4 commentsimpress 1 commentsusers 1 engaged 5 hideclicks 1 hideclicksusers 1 impress 69 likeclickusers 5 likeimpress 2 likeuimpress 52 likeusers 2 likeuusers 42 matchedlinkclicks 2 matchedotherclicks 4 negclicks 1 negusers 1 oimpress 69 oreach 46 posted "09/13/2018 04:25:37 PM" postlinkclicks 2 postotherclicks 2 reach 46 type Link ========== After ten years, no lessons learned https://www.washingtonpost.com/opinions/wall-street-never-learned-its-lesson/2018/09/13/87154c6c-b75e-11e8-b79f-f6e31e555258_story.html https://www.washingtonpost.com/opinions/heaven-help-us-in-the-next-financial-crisis/2018/09/13/35eae7ee-b78f-11e8-a7b5-adaaa5b2a57f_story.html https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== comments 4 impact 21 impactrate 0 likeimpress 5 negative 0 posted 2018-09-13 ratio 3 react 35 reactrate 0 shares 5 sharesrate 0 sumclicks 21 title After ten years, no lessons learned topic economics wordrate 0 words 6 ID 716905618653960 URL https://www.facebook.com/politicalscrapbooknet/posts/716905618653960 audclicks 21 audreach 7 commentsimpress 4 commentsusers 2 engaged 10 impress 150 likeclickusers 10 likeimpress 5 likeuimpress 99 likeusers 4 likeuusers 74 matchedotherclicks 21 oimpress 150 oreach 106 posted "09/13/2018 01:15:13 PM" postotherclicks 7 reach 106 sharesimpress 5 sharesusers 5 type Link ========== All about the 2008 collapse - lessons learned and forgotten, and what's similar and different today. https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== negative 0 posted 2018-09-12 rate 1 title All about the 2008 collapse - topic economics words 16 title All about the 2008 collapse - ID 716556592022196 URL https://www.facebook.com/politicalscrapbooknet/posts/716556592022196 type Link posted "09/12/2018 08:50:30 PM" reach 11 oreach 11 impress 25 oimpress 25 likeuimpress 13 likeuusers 9 ========== It couldn't happen again, could it? https://www.nytimes.com/2018/09/12/business/middle-class-financial-crisis.html https://www.nytimes.com/interactive/2018/09/12/business/las-vegas-housing-crisis.html https://www.nytimes.com/interactive/2018/09/12/business/media/hgtv-housing-mortgage-crisis.html One or two more housing crises and the transformation of America into a third-world income distribution will be complete. https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== impact 60 impactrate 0 likeimpress 2 negative 0 posted 2018-09-12 priority 1 ratio 2 react 24 reactrate 0 shares 3 sharesrate 0 sumclicks 19 title It couldn't happen again, could it? topic economics wordrate 0 words 25 ID 716145215396667 URL https://www.facebook.com/politicalscrapbooknet/posts/716145215396667 audclicks 19 audreach 8 engaged 8 impress 83 likeclickusers 7 likeimpress 2 likeuimpress 45 likeusers 2 likeuusers 34 matchedlinkclicks 2 matchedotherclicks 17 oimpress 83 oreach 52 posted "09/12/2018 05:55:52 AM" postlinkclicks 2 postotherclicks 7 reach 52 sharesimpress 3 sharesusers 2 type Link ========== Financial crises tend to radicalize electorates - You only find out who is swimming naked when the tide goes out https://www.nytimes.com/2018/09/10/business/dealbook/financial-crisis-trump.html "Too big to fail" used to refer to banks; now to cities, states, nations. Unmanageable debt is the match that lights the fire of every crisis. Maybe we are all simply incapable of learning https://www.washingtonpost.com/opinions/the-collapse-of-lehman-brothers-changed-everything-and-nothing/2018/09/11/ed6c4dae-b604-11e8-a2c5-3187f427e253_story.html https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== negative 0 posted 2018-09-11 rate 4 title Financial crises tend to radicalize electorates - topic economics words 54 title Financial crises tend to radicalize electorates - ID 715937485417440 URL https://www.facebook.com/politicalscrapbooknet/posts/715937485417440 type Link posted "09/11/2018 07:27:57 PM" reach 24 oreach 24 impress 47 oimpress 47 likeuimpress 25 likeuusers 21 ========== The decline of organized labor and the plight of the working poor https://www.nytimes.com/2018/09/11/magazine/americans-jobs-poverty-homeless.html ===== comments 3 impact 52 impactrate 0 likeimpress 9 negative 0 posted 2018-09-11 ratio 2 react 43 reactrate 0 shares 3 sharesrate 0 sumclicks 28 title The decline of organized labor and the plight of the topic economics wordrate 0 words 12 ID 715930985418090 URL https://www.facebook.com/politicalscrapbooknet/posts/715930985418090 audclicks 28 audreach 11 commentsimpress 3 commentsusers 2 engaged 15 impress 148 likeclickusers 11 likeimpress 9 likeuimpress 75 likeusers 8 likeuusers 58 matchedlinkclicks 5 matchedotherclicks 23 oimpress 148 oreach 96 posted "09/11/2018 07:17:14 PM" postlinkclicks 5 postotherclicks 9 reach 96 sharesimpress 3 sharesusers 2 type Link ========== giveaways to the powerful, loss and risk for the powerless https://www.washingtonpost.com/opinions/theres-lots-of-deregulation-afoot-but-will-it-really-help-anyone/2018/09/11/ef1f2bfc-b538-11e8-a2c5-3187f427e253_story.html Maybe we are all simply incapable of learning https://www.washingtonpost.com/opinions/the-collapse-of-lehman-brothers-changed-everything-and-nothing/2018/09/11/ed6c4dae-b604-11e8-a2c5-3187f427e253_story.html https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== comments 1 impact 5 impactrate 0 likeimpress 1 negative 0 posted 2018-09-11 ratio 11 react 3 reactrate 0 sharesrate 0 sumclicks 1 title giveaways to the powerful, loss and risk for the powerless topic economics wordrate 0 words 18 ID 715868942090961 URL https://www.facebook.com/politicalscrapbooknet/posts/715868942090961 audclicks 1 audreach 1 commentsimpress 1 commentsusers 1 engaged 2 impress 61 likeclickusers 2 likeimpress 1 likeuimpress 38 likeusers 1 likeuusers 30 matchedotherclicks 1 oimpress 61 oreach 33 posted "09/11/2018 05:26:47 PM" postotherclicks 1 reach 33 type Link ========== Trumponomics - let no past mistake remain unrepeated https://www.washingtonpost.com/opinions/the-dangerous-myth-we-still-believe-about-the-lehman-brothers-bust/2018/09/09/5a2f8a9c-b2bc-11e8-9a6a-565d92a3585d_story.html Remove what little burdensome Federal regulation is left! Maybe some lessons are just incapable of being learned https://www.washingtonpost.com/opinions/the-collapse-of-lehman-brothers-changed-everything-and-nothing/2018/09/11/ed6c4dae-b604-11e8-a2c5-3187f427e253_story.html https://www.nytimes.com/spotlight/financial-crisis-10-year-anniversary ===== hide 1 impact 43 impactrate 0 likeimpress 2 negative 1 posted 2018-09-10 ratio 3 react 17 reactrate 0 shares 1 sharesrate 0 sumclicks 13 title Trumponomics - let no past mistake remain unrepeated topic economics wordrate 0 words 25 ID 715020322175823 URL https://www.facebook.com/politicalscrapbooknet/posts/715020322175823 audclicks 13 audreach 5 engaged 7 hideclicks 1 hideclicksusers 1 impress 91 likeclickusers 6 likeimpress 2 likeuimpress 51 likeusers 2 likeuusers 42 matchedlinkclicks 3 matchedotherclicks 10 negclicks 1 negusers 1 oimpress 91 oreach 52 posted "09/10/2018 06:35:52 AM" postlinkclicks 3 postotherclicks 2 reach 52 sharesimpress 1 sharesusers 1 type Link ========== Why tariffs are usually a terrible idea https://www.nytimes.com/2018/08/29/opinion/tariffs-trump-trade-special-interests.html and why they get imposed anyway. ===== impact 13 impactrate 0 likeimpress 1 negative 0 posted 2018-08-29 ratio 6 react 10 reactrate 0 shares 4 sharesrate 0 sumclicks 5 title Why tariffs are usually a terrible idea topic economics wordrate 0 words 13 ID 708363142841541 URL https://www.facebook.com/politicalscrapbooknet/posts/708363142841541 audclicks 5 audreach 4 engaged 5 impress 84 likeclickusers 5 likeimpress 1 likeuimpress 35 likeusers 1 likeuusers 28 matchedotherclicks 5 oimpress 84 oreach 61 posted "08/29/2018 07:35:15 AM" postotherclicks 4 reach 61 sharesimpress 4 sharesusers 4 type Link ========== Ode to an institution Orchard Supply was the one place you could go where everybody knew the answer to whatever you hardware problem might be. It will be replaced by big box stores where nobody knows anything. https://www.mercurynews.com/2018/08/22/ode-to-orchard-supply-hardware-closures-mean-loss-of-human-connection/ https://www.mercurynews.com/2018/08/21/all-orchard-supply-hardware-stores-to-close-by-years-end/ https://www.mercurynews.com/2018/08/22/why-lowes-is-shuttering-orchard-supply-hardware/ https://www.mercurynews.com/2018/08/23/orchard-supply-hardware-closing-creates-a-big-problem-for-a-beloved-san-jose-tradition/ ===== comments 2 impact 89 impactrate 0 likeimpress 6 negative 0 posted 2018-08-23 ratio 5 react 24 reactrate 0 shares 2 sharesrate 0 sumclicks 14 title Ode to an institution topic economics wordrate 0 words 37 ID 704091306602058 URL https://www.facebook.com/politicalscrapbooknet/posts/704091306602058 audclicks 14 audreach 12 commentsimpress 2 commentsusers 2 engaged 16 impress 189 likeclickusers 15 likeimpress 6 likeuimpress 122 likeusers 6 likeuusers 80 matchedlinkclicks 1 matchedotherclicks 13 oimpress 189 oreach 124 posted "08/23/2018 08:31:35 AM" postlinkclicks 1 postotherclicks 12 reach 124 sharesimpress 2 sharesusers 2 type Link ========== It’s usually something we don’t anticipate that ends a bull market https://www.washingtonpost.com/business/economy/winners-and-losers-in-the-longest-us-bull-market-ever-tech-is-driving-this-record-setting-stock-market-is-that-a-problem/2018/08/21/a0217d1e-a563-11e8-a656-943eefab5daf_story.html ===== impact 2 impactrate 0 negative 0 posted 2018-08-22 ratio 17 react 2 reactrate 0 shares 1 sharesrate 0 sumclicks 1 title It’s usually something we don’t anticipate that ends topic economics wordrate 0 words 11 ID 702936503384205 URL https://www.facebook.com/politicalscrapbooknet/posts/702936503384205 audclicks 1 audreach 1 engaged 2 impress 56 likeclickusers 2 likeuimpress 49 likeuusers 31 matchedotherclicks 1 oimpress 56 oreach 35 posted "08/22/2018 07:22:46 AM" postotherclicks 1 reach 35 sharesimpress 1 sharesusers 1 type Link ========== If it's good for the billionaires, it's good for the country! https://www.washingtonpost.com/business/2018/08/17/trump-calls-regulators-consider-changing-how-often-companies-report-earnings/ Who says Trump has forgotten who put him in office? ===== comments 1 impact 44 impactrate 0 likeimpress 9 negative 0 posted 2018-08-17 ratio 3 react 21 reactrate 0 shares 2 sharesrate 0 sumclicks 9 title If it's good for the billionaires, it's good for the topic economics wordrate 0 words 21 ID 697333400611182 URL https://www.facebook.com/politicalscrapbooknet/posts/697333400611182 audclicks 9 audreach 4 commentsimpress 1 commentsusers 1 engaged 12 impress 114 likeclickusers 12 likeimpress 9 likeuimpress 88 likeusers 9 likeuusers 65 matchedlinkclicks 3 matchedotherclicks 6 oimpress 114 oreach 82 posted "08/17/2018 06:40:04 AM" postlinkclicks 2 postotherclicks 2 reach 82 sharesimpress 2 sharesusers 2 type Link ========== Income inequality was getting worse BEFORE the tax cut https://www.washingtonpost.com/business/2018/08/16/embargo-hold-am-tomorrow-morning-ceo-pay-jumps-million-annually-fears-mount-over-wealthy-pocketing-gains/ How much worse will it be in another year? ===== comments 1 impact 27 impactrate 0 likeimpress 5 negative 0 posted 2018-08-16 ratio 3 react 15 reactrate 0 shares 2 sharesrate 0 sumclicks 7 title Income inequality was getting worse BEFORE the tax cut topic economics wordrate 0 words 18 ID 696187854059070 URL https://www.facebook.com/politicalscrapbooknet/posts/696187854059070 audclicks 7 audreach 5 commentsimpress 1 commentsusers 1 engaged 7 impress 88 likeclickusers 7 likeimpress 5 likeuimpress 55 likeusers 4 likeuusers 39 matchedotherclicks 7 oimpress 88 oreach 56 posted "08/16/2018 06:40:14 AM" postotherclicks 5 reach 56 sharesimpress 2 sharesusers 2 type Link ========== Why inflation so often fells Trumpian leaders https://www.nytimes.com/2018/08/14/world/europe/turkey-strongman-inflation.html But globally China is much more important than Turkey - https://www.nytimes.com/2018/08/15/opinion/turkey-economy-lira-china-currency-erdogan.html So miscalculating on trade is risky too https://www.nytimes.com/2018/08/14/world/asia/china-trade-war-trump-xi-jinping-.html Even standing too close to a target https://www.washingtonpost.com/world/us-sanctions-on-iran-hit-an-unintended-target-ordinary-iraqis/2018/08/13/fd72d22c-9e67-11e8-b562-1db4209bd992_story.html But the closer a government gets to one-man rule, the less chance that correct data will get to decision makers, and the less chance that decision makers will decide on the basis of data. ===== impact 111 impactrate 0 likeimpress 6 negative 0 posted 2018-08-14 ratio 4 react 17 reactrate 0 shares 2 sharesrate 0 sumclicks 9 title Why inflation so often fells Trumpian leaders topic economics wordrate 0 words 65 ID 694477450896777 URL https://www.facebook.com/politicalscrapbooknet/posts/694477450896777 audclicks 9 audreach 4 engaged 7 impress 112 likeclickusers 5 likeimpress 6 likeuimpress 64 likeusers 5 likeuusers 47 matchedlinkclicks 1 matchedotherclicks 8 oimpress 112 oreach 73 posted "08/14/2018 04:50:15 PM" postlinkclicks 1 postotherclicks 4 reach 73 sharesimpress 2 sharesusers 2 type Link ========== markets can ignore unsound conditions for a long time — until they don’t https://www.washingtonpost.com/opinions/americas-debt-has-exploded-why-does-no-one-care/2018/08/13/f1d96aee-9cdb-11e8-843b-36e177f3081c_story.html People ski across steep slopes for months without concern and then on one day that seems much like the others, the avalanche starts. If the ski patrol were like Congress, the Democrats wouldn't close the trail because they want the Republicans to take the blame for ending the party, and vice versa. ===== comments 1 impact 141 impactrate 0 likeimpress 4 negative 0 posted 2018-08-14 ratio 5 react 22 reactrate 0 shares 6 sharesrate 0 sumclicks 11 title markets can ignore unsound conditions for a long time — topic economics wordrate 0 words 64 ID 693974054280450 URL https://www.facebook.com/politicalscrapbooknet/posts/693974054280450 audclicks 11 audreach 9 commentsimpress 1 commentsusers 1 engaged 14 impress 155 likeclickusers 13 likeimpress 4 likeuimpress 78 likeusers 4 likeuusers 55 matchedlinkclicks 2 matchedotherclicks 9 oimpress 155 oreach 115 posted "08/14/2018 07:39:23 AM" postlinkclicks 2 postotherclicks 7 reach 115 sharesimpress 6 sharesusers 6 type Link ========== Why the Turkish economy matters https://www.nytimes.com/2018/08/13/business/turkey-lira-emerging-markets.html When a pebble starts an avalanche, do you blame the pebble or the months of buildup of instability in the snow? https://www.washingtonpost.com/opinions/trumps-trade-war-could-wreak-havoc-overseas/2018/08/15/76d8b702-a085-11e8-8e87-c869fe70a721_story.html The US can survive a trade war more easily than its trading partners. That doesn't mean that the US will be better off afterward, even if they are much worse off. ===== impact 103 impactrate 0 likeimpress 5 negative 0 posted 2018-08-13 ratio 4 react 18 reactrate 0 shares 3 sharesrate 0 sumclicks 10 title Why the Turkish economy matters topic economics wordrate 0 words 57 ID 693431757668013 URL https://www.facebook.com/politicalscrapbooknet/posts/693431757668013 audclicks 10 audreach 6 engaged 9 impress 112 likeclickusers 8 likeimpress 5 likeuimpress 76 likeusers 5 likeuusers 52 matchedlinkclicks 3 matchedotherclicks 7 oimpress 112 oreach 83 posted "08/13/2018 05:51:53 PM" postlinkclicks 2 postotherclicks 5 reach 83 sharesimpress 3 sharesusers 3 type Link ========== It's tough being the economic superpower When dollars are in demand for settling accounts globally, that tends to strengthen the dollar and make imports less expensive and exports less competitive. So there's a trade deficit. The rest of the world is willing to give us more value than they take. That's what a trade deficit is. Sounds like a good thing overall, but as always in economics, there are winners and losers. How should the winners compensate the losers? https://www.washingtonpost.com/opinions/trumps-no-win-trade-war/2018/08/12/333915ce-9cbf-11e8-b60b-1c897f17e185_story.html ===== impact 55 impactrate 0 negative 0 posted 2018-08-12 ratio 5 react 7 reactrate 0 shares 2 sharesrate 0 sumclicks 5 title It's tough being the economic superpower topic economics wordrate 0 words 79 ID 692343631110159 URL https://www.facebook.com/politicalscrapbooknet/posts/692343631110159 audclicks 5 audreach 5 engaged 6 impress 61 likeclickusers 6 likeuimpress 58 likeuusers 37 matchedlinkclicks 2 matchedotherclicks 3 oimpress 61 oreach 40 posted "08/12/2018 06:26:01 PM" postlinkclicks 2 postotherclicks 3 reach 40 sharesimpress 2 sharesusers 2 type Link ========== Populist economics https://www.washingtonpost.com/business/2018/08/10/trump-is-mad-that-turkeys-economic-crisis-has-made-their-currency-weaker-so-now-hes-making-it-even-weaker/ ===== comments 2 impact 3 impactrate 0 negative 0 posted 2018-08-11 ratio 5 react 15 reactrate 0 shares 2 sharesrate 0 sumclicks 11 title Populist economics topic economics wordrate 0 words 2 ID 690800504597805 URL https://www.facebook.com/politicalscrapbooknet/posts/690800504597805 audclicks 11 audreach 8 commentsimpress 2 commentsusers 2 engaged 9 impress 119 likeclickusers 7 likeuimpress 86 likeuusers 59 matchedlinkclicks 5 matchedotherclicks 6 oimpress 119 oreach 87 posted "08/11/2018 07:21:51 AM" postlinkclicks 5 postotherclicks 5 reach 87 sharesimpress 2 sharesusers 1 type Link ========== Signs of a market top? Drink craft beer, don't invest in it https://www.washingtonpost.com/news/posteverything/wp/2018/08/06/craft-beer-is-booming-is-that-bad-news-for-the-u-s-economy/ http://www.political-scrapbook.net/non-political.html#beer ===== negative 0 posted 2018-08-10 rate 4 title Signs of a market top? Drink craft beer, don't invest topic economics words 12 title Signs of a market top? Drink craft beer, don't invest ID 689692688041920 URL https://www.facebook.com/politicalscrapbooknet/posts/689692688041920 type Link posted "08/10/2018 06:15:24 AM" reach 32 oreach 32 impress 43 oimpress 43 likeuimpress 42 likeuusers 31 ========== "When the economy is doing well and everybody seems to be making money, some investors assume that the good times will never end." https://www.nytimes.com/2018/08/09/opinion/corporate-debt-bubble-next-recession.html ===== impact 14 impactrate 0 likeimpress 3 negative 0 posted 2018-08-09 ratio 11 react 6 reactrate 0 shares 2 sharesrate 0 sumclicks 1 title "When the economy is doing well and everybody seems topic economics wordrate 0 words 23 ID 688977661446756 URL https://www.facebook.com/politicalscrapbooknet/posts/688977661446756 audclicks 1 audreach 1 engaged 5 impress 93 likeclickusers 5 likeimpress 3 likeuimpress 67 likeusers 3 likeuusers 46 matchedotherclicks 1 oimpress 93 oreach 69 posted "08/09/2018 03:33:02 PM" postotherclicks 1 reach 69 sharesimpress 2 sharesusers 2 type Link ========== Right-wing economists encourage Trump to abolish tariffs completely https://www.nytimes.com/2018/07/31/opinion/trump-reagan-trade-tariffs-china.html But if Trump were to succeed at that, then he'd have one less issue to SHOUT about and his ratings might decline. So don't hold your breath. And there's a further problem - Trump justified his tariffs on the basis that there was a national security threat from foreign steel, aluminum, cars, etc. So if it were OK to just eliminate tariffs, then it must be that there never was such a security threat. Congress should revoke its authorization of the President to set tariffs. But that would require Congress to DO something before the election. Don't hold your breath on that, either. Economists don't agree on much, but for generations most have agreed that tariffs hurt the country imposing them even more than the target countries. Tariffs might export some unemployment but they invariably import more unemployment. https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act ===== impact 58 impactrate 0 likeimpress 1 negative 0 posted 2018-07-31 ratio 7 react 4 reactrate 0 sharesrate 0 sumclicks 3 title Right-wing economists encourage Trump to abolish tariffs topic economics wordrate 0 words 146 ID 679334262411096 URL https://www.facebook.com/politicalscrapbooknet/posts/679334262411096 audclicks 3 audreach 2 engaged 2 impress 46 likeclickusers 2 likeimpress 1 likeuimpress 46 likeusers 1 likeuusers 28 matchedotherclicks 3 oimpress 46 oreach 28 posted "07/31/2018 06:05:44 PM" postotherclicks 2 reach 28 type Link ========== Tariffs are a tax on Americans https://www.nytimes.com/2018/07/30/business/dealbook/trade-war-customers-pay.html You'll pay them in your home loan or your rent check - https://www.mercurynews.com/2018/07/31/trump-tariffs-add-another-obstacle-to-bay-area-building/ ===== hideall 1 impact 13 impactrate 0 likeimpress 3 negative 1 posted 2018-07-30 ratio 9 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 2 title Tariffs are a tax on Americans topic economics wordrate 0 words 18 ID 678292759181913 URL https://www.facebook.com/politicalscrapbooknet/posts/678292759181913 audclicks 2 audreach 2 engaged 3 hideallclicks 1 hideallclicksusers 1 impress 92 likeclickusers 3 likeimpress 3 likeuimpress 72 likeusers 2 likeuusers 48 matchedlinkclicks 1 matchedotherclicks 1 negclicks 1 negusers 1 oimpress 92 oreach 63 posted "07/30/2018 07:17:18 PM" postlinkclicks 1 postotherclicks 1 reach 63 sharesimpress 1 sharesusers 1 type Link ========== Trade wars are not only easy to win, they are easy to laugh about https://www.mercurynews.com/2018/07/25/will-bulletins-from-trade-wars-multiplying-fronts-make-for-hilarious-reading/ ===== impact 4 impactrate 0 negative 0 posted 2018-07-26 ratio 7 react 3 reactrate 0 sharesrate 0 sumclicks 3 title Trade wars are not only easy to win, they are easy to topic economics wordrate 0 words 14 ID 673483706329485 URL https://www.facebook.com/politicalscrapbooknet/posts/673483706329485 audclicks 3 audreach 3 engaged 3 impress 41 likeclickusers 3 likeuimpress 39 likeuusers 20 matchedlinkclicks 3 oimpress 41 oreach 22 posted "07/26/2018 07:06:30 AM" postlinkclicks 3 reach 22 type Link ========== This is what happens when benefits are defined but how to pay for them is not https://www.mercurynews.com/2018/07/22/how-californias-public-schools-are-grappling-with-growing-pension-costs/ https://www.mercurynews.com/2017/12/26/in-san-jose-district-identifying-schools-to-close-a-gut-wrenching-prospect/ http://www.political-scrapbook.net/controversial.html#defined%20benefit ===== comments 1 hide 1 impact 8 impactrate 0 negative 1 posted 2018-07-25 ratio 8 react 5 reactrate 0 sharesrate 0 sumclicks 3 title This is what happens when benefits are defined but how to topic economics wordrate 0 words 16 ID 672803406397515 URL https://www.facebook.com/politicalscrapbooknet/posts/672803406397515 audclicks 3 audreach 3 commentsimpress 1 commentsusers 1 engaged 3 hideclicks 1 hideclicksusers 1 impress 68 likeclickusers 3 likeuimpress 65 likeuusers 40 matchedlinkclicks 1 matchedotherclicks 2 negclicks 1 negusers 1 oimpress 68 oreach 43 posted "07/25/2018 02:09:07 PM" postlinkclicks 1 postotherclicks 2 reach 43 type Link ========== When you are leveraged to the hilt, any increase in costs can bring down the whole house of cards. For instance, an increase in material costs due to import tariffs. https://www.washingtonpost.com/opinions/the-247-trillion-global-debt-bomb/2018/07/15/64c5bbaa-86c2-11e8-8f6c-46cb43e3f306_story.html That's already starting - https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/07/16/the-finance-202-trump-s-trade-offensive-is-producing-brutal-local-headlines/5b4b511c1b326b1e646953ba/ ===== comments 2 impact 68 impactrate 0 likeimpress 3 negative 0 posted 2018-07-15 ratio 4 react 20 reactrate 0 shares 5 sharesrate 0 sumclicks 10 title When you are leveraged to the hilt, any increase in costs topic economics wordrate 0 words 34 ID 662690080742181 URL https://www.facebook.com/politicalscrapbooknet/posts/662690080742181 audclicks 10 audreach 7 commentsimpress 2 commentsusers 1 engaged 10 impress 121 likeclickusers 9 likeimpress 3 likeuimpress 84 likeusers 3 likeuusers 53 matchedlinkclicks 3 matchedotherclicks 7 oimpress 121 oreach 86 posted "07/15/2018 08:36:04 PM" postlinkclicks 2 postotherclicks 6 reach 86 sharesimpress 5 sharesusers 5 type Link ========== This is why we have over-reaching Federal regulation Because a limited-liability company can create a bigger mess than it can pay for, it's cheaper for the government to prevent the mess in the first place than clean it up later. https://www.thestate.com/news/business/article214828250.html ===== hide 1 impact 152 impactrate 0 likeimpress 9 negative 1 posted 2018-07-14 ratio 3 react 38 reactrate 0 shares 7 sharesrate 0 sumclicks 21 title This is why we have over-reaching Federal regulation topic economics wordrate 0 words 40 ID 661130154231507 URL https://www.facebook.com/politicalscrapbooknet/posts/661130154231507 audclicks 21 audreach 13 engaged 18 hideclicks 1 hideclicksusers 1 impress 176 likeclickusers 16 likeimpress 9 likeuimpress 119 likeusers 9 likeuusers 84 matchedlinkclicks 6 matchedotherclicks 15 negclicks 1 negusers 1 oimpress 176 oreach 134 posted "07/14/2018 07:03:07 AM" postlinkclicks 6 postotherclicks 10 reach 134 sharesimpress 7 sharesusers 7 type Link ========== Tariffs don't work - yet nobody who could slow down Trump seems to be willing to do anything. https://www.washingtonpost.com/business/economy/in-symbolic-rebuke-senate-votes-to-seek-congressional-role-in-president-trumps-tariff-decisions/2018/07/11/def7d556-851a-11e8-8553-a3ce89036c78_story.html Even in 1930, almost all economists agreed that tariffs didn't work. Hoover signed Smoot-Hawley anyway. The subsequent "sick of winning" homeless encampments were called Hoovervilles. https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act Are there Trumpvilles in the future of our soybean-exporting states? Maybe, but maybe the farmers don't mind. Maybe some of them are hoping for more reactionary Supreme Court nominees. http://www.political-scrapbook.net/theory.html#political%20ideology%20for%20the%20masses Maybe some of them don't mind losing their farms as long as they can speak their minds about how they feel about the future. http://www.political-scrapbook.net/trump.html#Second%20Trump%20Constituency Tariffs are not a tax on foreigners. They are a domestic welfare mechanism, that taxes one group and benefits another. Republicans used to be against welfare, saying it discourages initiative and encourages parasitism. If the economy needed stimulation - and it might whenever the current recovery ends - the best thing to do would be to eliminate tariffs - to make American exports more competitive and create jobs. https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368 ===== comments 3 hide 1 impact 705 impactrate 0 likeimpress 11 negative 1 posted 2018-07-11 ratio 2 react 43 reactrate 0 shares 2 sharesrate 0 sumclicks 26 title Tariffs don't work - yet nobody who could slow down Trump topic economics wordrate 0 words 164 ID 658707897807066 URL https://www.facebook.com/politicalscrapbooknet/posts/658707897807066 audclicks 26 audreach 20 commentsimpress 3 commentsusers 2 engaged 23 hideclicks 1 hideclicksusers 1 impress 155 likeclickusers 23 likeimpress 11 likeuimpress 126 likeusers 10 likeuusers 81 matchedlinkclicks 3 matchedotherclicks 23 negclicks 1 negusers 1 oimpress 155 oreach 108 posted "07/11/2018 06:06:37 PM" postlinkclicks 3 postotherclicks 18 reach 108 sharesimpress 2 sharesusers 2 type Link ========== What income inequality means... https://www.washingtonpost.com/news/wonk/wp/2018/06/13/a-minimum-wage-worker-cant-afford-a-2-bedroom-apartment-anywhere-in-the-u-s/ But housing prices are very sensitive to supply and demand - and when the economy is booming, there's a lot of demand for housing where the jobs are, which is where the housing is expensive. And speaking of supply and demand... https://www.washingtonpost.com/news/business/wp/2018/06/13/why-many-homebuyers-suddenly-feel-cursed/ ===== comments 1 impact 54 impactrate 0 negative 0 posted 2018-06-13 ratio 15 react 12 reactrate 0 shares 3 sharesrate 0 sumclicks 8 title What income inequality means... topic economics wordrate 0 words 45 ID 632740530403803 URL https://www.facebook.com/politicalscrapbooknet/posts/632740530403803 audclicks 8 audreach 6 commentsimpress 1 commentsusers 1 engaged 7 impress 272 likeclickusers 4 likeuimpress 69 likeuusers 38 matchedlinkclicks 2 matchedotherclicks 6 oimpress 272 oreach 184 posted "06/13/2018 12:32:43 PM" postlinkclicks 2 postotherclicks 5 reach 184 sharesimpress 3 sharesusers 3 type Link ========== Was the Tax Cuts and Jobs Act really intended to cause the next recession? https://www.washingtonpost.com/business/economy/beware-the-mother-of-all-credit-bubbles/2018/06/08/940f467c-69af-11e8-9e38-24e693b38637_story.html Even if it weren't, how would it have been different it it were? Anyway, the Republican Congress continues to do its part to speed things up: https://www.washingtonpost.com/business/economy/divided-house-passes-major-bank-deregulation-bill-sends-to-trump/2018/05/22/6f3bb562-5dd2-11e8-a4a4-c070ef53f315_story.html What people always forget during the manic phase is that leverage works both ways, up AND down. There WILL be another recession, just as there WILL be another avalanche on a steep snow slope. Nobody can predict exactly when or exactly what will cause the avalanche, but that doesn't mean it won't happen. http://www.political-scrapbook.net/theory.html#cycle Ben Bernanke is betting on 2020, just in time for the next election: https://www.bloomberg.com/news/articles/2018-06-07/bernanke-says-u-s-economy-faces-wile-e-coyote-moment-in-2020 ===== impact 180 impactrate 0 negative 0 posted 2018-06-11 ratio 5 react 17 reactrate 0 shares 4 sharesrate 0 sumclicks 13 title Was the Tax Cuts and Jobs Act really intended to cause topic economics wordrate 0 words 106 ID 631468780530978 URL https://www.facebook.com/politicalscrapbooknet/posts/631468780530978 audclicks 13 audreach 9 engaged 12 impress 123 likeclickusers 10 likeuimpress 76 likeuusers 47 matchedlinkclicks 3 matchedotherclicks 10 oimpress 123 oreach 86 posted "06/11/2018 11:22:02 AM" postlinkclicks 3 postotherclicks 9 reach 86 sharesimpress 4 sharesusers 4 type Link ========== Labor is losing ground against capital... https://www.nytimes.com/2018/06/07/opinion/trump-labor-capital-class-struggle.html and the biggest losers are the Trump base, but they don't seem to care as long as their side is "winning." https://www.nytimes.com/2018/06/06/opinion/trump-winning-america-.html The American Enterprise Institute cheerfully reports that income inequality is not getting worse https://www.bloomberg.com/view/articles/2018-06-06/yes-income-inequality-has-stopped-growing but doesn't claim that it's getting better. They presumably understand that concentration of political power is a bad thing, but seem to be blind to the same effects of concentration of economic power. They seem to think that a Wall Street bureaucrat protects the public's interests better than a Washington bureaucrat. That's true, for the "public" of billionaires. http://www.political-scrapbook.net/theory.html#liberty%20and%20equality ===== impact 20 impactrate 0 negative 0 posted 2018-06-11 ratio 13 react 2 reactrate 0 sharesrate 0 sumclicks 2 title Labor is losing ground against capital... topic economics wordrate 0 words 98 ID 631447963866393 URL https://www.facebook.com/politicalscrapbooknet/posts/631447963866393 audclicks 2 audreach 2 engaged 2 impress 52 likeclickusers 2 likeuimpress 50 likeuusers 24 matchedlinkclicks 1 matchedotherclicks 1 oimpress 52 oreach 26 posted "06/11/2018 10:19:41 AM" postlinkclicks 1 postotherclicks 1 reach 26 type Link ========== How much medical care can you afford? How much can you afford to pay for other people? As the population ages, medical care could become the biggest part of the government budget: https://www.washingtonpost.com/opinions/theres-a-miraculous-chance-to-cure-cancer-but-well-have-to-pay-for-it/2018/06/05/a2ba8796-68fa-11e8-bea7-c8eb28bc52b1_story.html ===== hide 1 impact 19 impactrate 0 negative 1 posted 2018-06-06 ratio 5 react 6 reactrate 0 sharesrate 0 sumclicks 5 title How much medical care can you afford? topic economics wordrate 0 words 32 ID 628751850802671 URL https://www.facebook.com/politicalscrapbooknet/posts/628751850802671 audclicks 5 audreach 4 engaged 4 hideclicks 1 hideclicksusers 1 impress 57 likeclickusers 4 likeuimpress 54 likeuusers 28 matchedlinkclicks 1 matchedotherclicks 4 negclicks 1 negusers 1 oimpress 57 oreach 31 posted "06/06/2018 06:10:31 AM" postlinkclicks 1 postotherclicks 3 reach 31 type Link ========== 2026 for Medicare, 2034 for Social Security The annual checkup is done: https://www.washingtonpost.com/national/health-science/a-crucial-medicare-trust-fund-will-run-out-three-years-earlier-than-predicted-new-report-says/2018/06/05/73cd314c-68cb-11e8-bf8c-f9ed2e672adf_story.html But Trump won't be in office in 2026, so he doesn't seem interested. And indeed there's a bipartisan disinclination to address the issues until the crisis is at hand. Previous good-faith efforts have been ignored: https://en.wikipedia.org/wiki/National_Commission_on_Fiscal_Responsibility_and_Reform There isn't some magic button that will painlessly fix this. Either taxes go up or benefits go down, because the population (of all the prosperous Western democracies) is getting older. http://www.political-scrapbook.net/theory.html#bipartisanship The ultimate choice is lower standard of living in old age or more immigration of energetic young people. If people vote for candidates who say what they want to hear instead of what they need to hear, they have only themselves to blame. http://www.liberty-and-justice.net/ ===== comments 1 impact 108 impactrate 0 likeimpress 2 negative 0 posted 2018-06-05 ratio 6 react 9 reactrate 0 shares 2 sharesrate 0 sumclicks 4 title 2026 for Medicare, 2034 for Social Security topic economics wordrate 0 words 120 ID 628509324160257 URL https://www.facebook.com/politicalscrapbooknet/posts/628509324160257 audclicks 4 audreach 4 commentsimpress 1 commentsusers 1 engaged 6 impress 96 likeclickusers 5 likeimpress 2 likeuimpress 85 likeusers 2 likeuusers 47 matchedotherclicks 4 oimpress 96 oreach 58 posted "06/05/2018 04:23:29 PM" postotherclicks 4 reach 58 sharesimpress 2 sharesusers 2 type Link ========== Maybe foreign investors know something about the Silicon Valley residential real estate market.... https://www.mercurynews.com/2018/06/04/foreign-buyers-no-longer-finding-deals-in-california-real-estate/ ===== negative 0 posted 2018-06-04 rate 1 title Maybe foreign investors know something about the Silicon topic economics words 13 ID 627874244223765 URL https://www.facebook.com/politicalscrapbooknet/posts/627874244223765 impress 44 likeuimpress 41 likeuusers 20 oimpress 44 oreach 22 posted "06/04/2018 09:05:45 AM" reach 22 type Link ========== Don't list too many years of experience on your resume... it might be held against you: https://www.mercurynews.com/2018/05/29/intel-under-investigation-over-age-discrimination-in-massive-job-cuts-reports-say/ Sometimes CEO's accidentally tell the truth: http://www.mercurynews.com/2016/08/23/hp-hit-with-age-discrimination-suit-claiming-older-workers-purged/ ===== negative 0 posted 2018-05-31 rate 2 title Don't list too many years of experience on your resume... topic economics words 22 ID 626151524396037 URL https://www.facebook.com/politicalscrapbooknet/posts/626151524396037 impress 60 likeuimpress 50 likeuusers 28 oimpress 60 oreach 35 posted "05/31/2018 07:09:57 PM" reach 35 type Link ========== Do corporate directors have any other obligation besides profit? It depends on the state, but most states expect less than most other countries: https://www.mercurynews.com/2018/05/30/opinion-corporate-apologies-willl-ring-hollow-until-law-is-changed/ https://www.cambridge.org/core/books/corporate-friction ===== impact 16 impactrate 0 likeimpress 4 negative 0 posted 2018-05-30 ratio 6 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 2 title Do corporate directors have any other obligation besides topic economics wordrate 0 words 23 ID 625602527784270 URL https://www.facebook.com/politicalscrapbooknet/posts/625602527784270 audclicks 2 audreach 2 engaged 5 impress 77 likeclickusers 5 likeimpress 4 likeuimpress 61 likeusers 4 likeuusers 33 matchedotherclicks 2 oimpress 77 oreach 44 posted "05/30/2018 01:20:41 PM" postotherclicks 2 reach 44 sharesimpress 1 sharesusers 1 type Link ========== Repo man sees a recession starting https://www.washingtonpost.com/business/economy/the-surprising-return-of-the-repo-man/2018/05/15/26fcd30e-4d5a-11e8-af46-b1d6dc0d9bfe_story.html and bond traders expect 2.5% growth at best https://www.mercurynews.com/2018/05/21/butler-investment-risk-and-some-antidotes/ but leave your long-term money in the stock market, lest you miss the recovery. ===== likeimpress 1 negative 0 posted 2018-05-24 rate 1 ratio 26 react 1 title Repo man sees a recession starting topic economics words 28 ID 622805478063975 URL https://www.facebook.com/politicalscrapbooknet/posts/622805478063975 engaged 1 impress 57 likeclickusers 1 likeimpress 1 likeuimpress 38 likeusers 1 likeuusers 13 oimpress 57 oreach 26 posted "05/24/2018 12:03:13 PM" reach 26 type Link ========== When your strategy is losing, double down... as long as it's other people's money. https://calmatters.org/articles/commentary/calpers-new-investment-plan-wise-or-risky/ Sounds like Calpers thinks it can do better than most money managers... this time for sure! Investment returns need to be adjusted for risk to compare various types. A safer plan for other people's money would be to invest like target-date mutual funds do, allocating amounts to target dates according to when the money will be needed. Then employer and employee contributions and benefits need to be put in balance with realistic return expectations. Vanguard's target date fund 10-year returns - which encompass no bear markets - vary from 5.85% for 2020 to 6.97% for 2050. Those are realistic optimistic upper bounds. https://calmatters.org/articles/commentary/calpers-new-investment-plan-wise-or-risky/ ===== negative 0 posted 2018-05-24 rate 1 title When your strategy is losing, double down... as long as topic economics words 116 ID 622687971409059 URL https://www.facebook.com/politicalscrapbooknet/posts/622687971409059 impress 47 likeuimpress 31 likeuusers 13 oimpress 47 oreach 24 posted "05/24/2018 06:42:48 AM" reach 24 type Link ========== Maybe California housing prices won't keep rising forever... http://www.latimes.com/local/lanow/la-me-ln-california-volcano-lassen-20180522-story.html But the wine country fires caused housing to become more expensive, not less. ===== impact 23 impactrate 0 likeimpress 4 negative 0 posted 2018-05-23 ratio 5 react 11 reactrate 0 shares 1 sharesrate 0 sumclicks 6 title Maybe California housing prices won't keep rising topic economics wordrate 0 words 21 ID 622494584761731 URL https://www.facebook.com/politicalscrapbooknet/posts/622494584761731 audclicks 6 audreach 5 engaged 8 impress 93 likeclickusers 6 likeimpress 4 likeuimpress 50 likeusers 4 likeuusers 31 matchedlinkclicks 2 matchedotherclicks 4 oimpress 93 oreach 65 posted "05/23/2018 09:10:07 PM" postlinkclicks 2 postotherclicks 4 reach 65 sharesimpress 1 sharesusers 1 type Link ========== Bigger banks are better, right? Medium-size banks just got a free pass to get bigger: https://www.washingtonpost.com/business/economy/divided-house-passes-major-bank-deregulation-bill-sends-to-trump/2018/05/22/6f3bb562-5dd2-11e8-a4a4-c070ef53f315_story.html https://www.nytimes.com/2018/05/22/business/congress-passes-dodd-frank-rollback-for-smaller-banks.html The good news is that the final bill was really bipartisan. Even if it's not a very good bill, it could have been worse. And Congress does need to work on bipartisanship when it's productive to do so. ===== impact 53 impactrate 0 likeimpress 4 negative 0 posted 2018-05-22 ratio 5 react 10 reactrate 0 sharesrate 0 sumclicks 6 title Bigger banks are better, right? topic economics wordrate 0 words 53 ID 621973934813796 URL https://www.facebook.com/politicalscrapbooknet/posts/621973934813796 audclicks 6 audreach 6 engaged 10 impress 97 likeclickusers 8 likeimpress 4 likeuimpress 78 likeusers 4 likeuusers 47 matchedotherclicks 6 oimpress 97 oreach 54 posted "05/22/2018 05:05:22 PM" postotherclicks 6 reach 54 type Link ========== The Eternal Business Cycle Our hope and despair is that no matter who's running the government and no matter what they do, the economy will wax, peak, wane, bottom, and repeat. Whoever is in charge will take the credit or get the blame for whatever was bound to happen sooner or later anyway. Government action or inaction can affect the timing and severity to only a limited extent. The current economic recovery is about 8 years old and will expire sometime in the next 8 years, no matter who is in the White House; the longest postwar recovery was 10 years. The current recovery has an expiration date on or before June, 2019. As always, the party in power will be blamed, even though nobody has been able to figure out how to defeat the business cycle. That's because it's ultimately a phenomenon of mass psychology rather than economics. The next two years might seem to coast along well enough economically. There's some truth in the old joke that economists have successfully predicted nine of the last five recessions. But * The self-referential and self-leveraging peaks of the internet bubble of 2000 and the subprime mortgage bubble of 2008 remind us that leverage works going down as well as going up. * Overstimulation has always led to recession. * Stock market p/e ratios are about as high as they ever sustainably get, https://www.nytimes.com/2017/11/30/business/dow-stock-markets.html Bilello and Yardeni cite signs that investors are getting giddy and careless. * The economy is already at maximum capacity. * The next recession might be triggered by a financial bubble that pops after inflating from predictably low inflation rates over many years. * Army recruiters are reducing standards and accepting more recruits with marijuana histories. Recruiting is harder when unemployment is so low. https://www.usatoday.com/story/news/politics/2017/10/10/army-accepting-more-low-quality-recruits-giving-waivers-marijuana-hit-targets/750844001/ * Target and other retailers are paying $15/hour starting wage. https://www.thestreet.com/story/14324883/1/target-will-raise-wages-to-15-hour-here-are-5-other-top-paying-retailers.html * Tax cuts do not pay for themselves by economic stimulation, especially when the economy is already maxed out by any historical standard. * In Silicon Valley, loan qualification is based on unvested restricted stock. http://www.mercurynews.com/2017/09/25/about-silicon-valleys-crazy-housing-situation-one-real-estate-exec-deconstructs-the-market/ * Utah is running out of workers - and it's even worse in Ames, IA and Boulder, CO. https://www.nytimes.com/2017/05/21/us/politics/utah-economy-jobs.html * Unemployment is about as low as it ever sustainably gets. https://www.nytimes.com/2017/05/05/upshot/were-getting-awfully-close-to-full-employment.html * Car sales are stagnant. https://www.nytimes.com/2017/05/02/business/auto-sales-decline.html * There are fundamental reasons to doubt that the economy can grow any faster: https://www.foreignaffairs.com/articles/world/2017-04-17/boom-was-blip depopulation, deleveraging, and deglobalization. Unlike the post-war baby boom years, there is no wave of new labor coming on stream in the US, except immigration. * Seth Klarman is concerned about deficit spending and interest rates. https://www.nytimes.com/2017/02/06/business/dealbook/sorkin-seth-klarman-trump-investors.html * It can take a month to find a restaurant server in Silicon Valley. http://www.mercurynews.com/2017/02/02/trumps-policies-could-affect-silicon-valley-service-workers-and-those-who-depend-on-them/ * Around Silicon Valley, restaurants are closing due to high rents and lack of labor. http://www.eastbaytimes.com/2017/01/24/whats-behind-the-spate-of-recent-bay-area-restaurant-closures/ * Significantly higher economic growth rates are not possible - it's all about population growth and productivity growth. https://www.nytimes.com/2017/01/14/opinion/sunday/why-trump-cant-make-it-1981-again.html * Even the local Postal Service can't retain employees, and they pay somewhat higher than minimum wage, with some benefits. http://www.mercurynews.com/2016/12/22/postal-service-struggles-leave-bay-area-residents-searching-for-their-mail/ So another recession is coming, more likely sooner than later. The Republicans are doing their best to make it the worst. https://www.nytimes.com/2017/12/11/opinion/bubble-economy-financial-regulation.html On 25 January 2017, the DJIA, S&P, and NASDAQ all set new records, and they were still doing it a year later. That's not good news for Mr. Trump at the beginning of his term - it would have been a lot more helpful to him in 2020. Nobody rings a bell at the top, or the bottom - some minor news blip, much like numerous inconsequential minor news blips in the weeks and months before, will seem to trigger a stock market crash. But the news blip is innocent - a case of being in the wrong place at the wrong time - because the cause of the crash is that the market has temporarily run out of buyers at a time when somebody needs to sell for his own specific reasons. Which blip - nobody can say in advance. What is certain is that the following problem is what is called overconstrained and infeasible: * Massive tax cuts. * Massive military buildup; worse yet massive military deployment and engagement. * Massive infrastructure spending. * Massive deportation of the people willing to do the work too hard for Americans, for wages too low for Americans. * Massive trade war. * Low interest rates and low inflation. * A trillion dollars in deficit spending over the next ten years, thanks to the new tax law. * Stock market and real estate valuations based on extrapolating corporate earnings and personal income despite no more affordable labor available to produce the goods and services that create the earnings. And this infeasibility will dawn on a critical mass of institutional investors on some random blipful day and they will start to take their profits, and highly leveraged investors will start to cover their positions, and the daily trading limit crash barrier will be hit before most individual investors even know something's up. Too bad for them. Trump will blame it on a media conspiracy. To the extent the Trump Organization is still invested in real estate rather than brand licensing, he might not even be a billionaire any more. Big investors will move from stocks to bonds, and that part will moderate the rise in interest rates. People over-exposed to stocks too close to retirement will blame it on Trump, as will younger people who haven't learned yet that even though stocks, especially in technology, go up slowly and down quickly, common stock funds are still the best individual investment FOR THE LONG TERM. More links at https://www.facebook.com/politicalscrapbooknet/posts/559983061012884 ===== comments 3 impact 11773 impactrate 0 likeimpress 5 negative 0 posted 2018-05-21 ratio 11 react 127 reactrate 0 shares 3 sharesrate 0 sumclicks 116 title The Eternal Business Cycle topic economics wordrate 0 words 927 ID 621606851517171 URL https://www.facebook.com/politicalscrapbooknet/posts/621606851517171 audclicks 116 audreach 88 bimpress 1514 blikeimpress 5 blikeusers 3 breach 1333 commentsimpress 3 commentsusers 3 engaged 91 impress 1734 likeimpress 5 likeuimpress 35 likeusers 5 likeuusers 16 matchedlinkclicks 34 matchedotherclicks 82 oimpress 220 oreach 147 posted "05/21/2018 09:18:52 PM" postlinkclicks 27 postotherclicks 66 reach 1456 sharesimpress 3 sharesusers 3 type Link budget 20 budgettype Lifetime cadname "Post: ""Title: The Eternal Business Cycle""" ccleantitle The Eternal Business Cycle cclicksall 147 cclickslink 30 ccpcall 0.13605442 ccpclink 0.66666667 cdelivery rejected cend 2018-06-30 cimpressions 1514 clicksunique 27 conversionrank - cost 0.66666666666667 cpm 13.21003963 creach 1370 cstart 2018-04-01 ctrall 9.70937913 ctrlink 1.9815059445178 ecomments 2 ecpclink 0.66666667 ends 2018-06-03 engagedrank - epagelikes 1 ereact 3 eshares 3 frequency 1.1051094890511 indicator actions:link_click qualityrank - results 30 spent 20 ========== What are the modern monopolies and trusts? Trusts and monopolies can't work the way they did in 1900; Teddy Roosevelt and a Progressive Congress made that illegal. What about now? Mergers and acquisitions might account for some of the... https://www.nytimes.com/2018/05/13/opinion/mergers-companies-supersize-workers-wages.html controversial wage stagnation in a booming economy: https://hbr.org/2017/10/why-wages-arent-growing-in-america An interesting article raises many other questions: https://www.nytimes.com/2018/05/01/opinion/monopoly-power-new-gilded-age.html In particular, it points out that lots of internet titans have NO real competition: https://www.vox.com/2018/4/10/17220878/facebook-mark-zuckerberg-testimony-monopoly-graham Institutional investors can end up owning all the major companies in a market and encourage them to maximize profit over other possible goals. At least passive index funds just hold in proportion to the index and don't attempt to manage companies. But what if killing pension-fund investment activism https://www.nytimes.com/2018/03/05/opinion/investor-class-pensions.html is the main reason that wealthy investors want to eliminate public employee and other large pension funds in favor of individual 401k's? http://www.political-scrapbook.net/controversial.html#defined%20benefit ===== comments 1 hide 1 impact 2630 impactrate 0 likeimpress 73 negative 1 posted 2018-05-15 ratio 8 react 192 reactrate 0 shares 27 sharesrate 0 sumclicks 90 title What are the modern monopolies and trusts? topic economics wordrate 0 words 137 ID 618855035125686 URL https://www.facebook.com/politicalscrapbooknet/posts/618855035125686 audclicks 92 audreach 82 bimpress 1212 blikeimpress 17 blikeusers 15 breach 1138 commentsimpress 1 commentsusers 1 engaged 136 hideclicks 1 hideclicksusers 1 impress 1773 likeclickusers 8 likeimpress 73 likeuimpress 59 likeusers 72 likeuusers 30 matchedlinkclicks 16 matchedotherclicks 74 negclicks 1 negusers 1 oimpress 561 oreach 433 posted "05/15/2018 04:42:17 PM" postlinkclicks 14 postotherclicks 70 reach 1573 sharesimpress 27 sharesusers 27 type Link budget 19 budgettype Lifetime cadname "Post: ""What are the modern monopolies and trusts?""" ccleantitle What are the modern monopolies and trusts? cclicksall 156 cclickslink 14 ccpcall 0.12179487 ccpclink 1.35714286 cdelivery rejected cend 2018-06-30 cimpressions 1217 clicksunique 14 conversionrank - cost 0.17757009345794 cpm 15.61216105 creach 1164 cstart 2018-04-01 ctrall 12.81840592 ctrlink 1.1503697617091 ecomments 1 ecpclink 1.35714286 ends 2018-06-03 engagedrank - ereact 66 eshares 26 frequency 1.0455326460481 indicator actions:post_engagement qualityrank - results 107 spent 19 ========== Would you really want your town to be like Silicon Valley? https://www.mercurynews.com/2018/05/09/oakland-san-francisco-downtown-office-markets-are-nations-tightest-google-apple-facebook-adobe/ https://www.mercurynews.com/2018/05/10/opinion-why-bay-area-won-by-losing-amazon-headquarters-bid/ https://www.mercurynews.com/2018/05/09/millennial-home-buyers-forced-to-settle-in-order-to-settle-down/ https://www.mercurynews.com/2018/05/08/why-home-renovations-could-get-more-expensive-this-year/ https://www.mercurynews.com/2018/05/09/as-fire-season-nears-gusty-winds-expected-friday-night-in-bay-area/ But relief is on the way: http://www.political-scrapbook.net/theory.html#cycle ===== impact 63 impactrate 0 likeimpress 11 negative 0 posted 2018-05-15 ratio 22 react 37 reactrate 0 sharesrate 0 sumclicks 26 title Would you really want your town to be like Silicon Valley? topic economics wordrate 0 words 17 ID 618807401797116 URL https://www.facebook.com/politicalscrapbooknet/posts/618807401797116 audclicks 27 audreach 25 bimpress 864 blikeimpress 19 blikeusers 12 breach 829 engaged 35 impress 905 likeclickusers 1 likeimpress 11 likeuimpress 52 likeusers 11 likeuusers 21 matchedlinkclicks 25 matchedotherclicks 1 oimpress 41 oreach 17 posted "05/15/2018 02:00:22 PM" postlinkclicks 23 postotherclicks 1 reach 846 type Link budget 19 budgettype Lifetime cadname "Post: ""Would you really want your town to be like...""" ccleantitle Would you really want your town to be like cclicksall 38 cclickslink 23 ccpcall 0.5 ccpclink 0.82608696 cdelivery not_delivering cend 2018-06-30 cimpressions 867 clicksunique 23 conversionrank - cost 0.57575757575758 cpm 21.91464821 creach 828 cstart 2018-04-01 ctrall 4.38292964 ctrlink 2.6528258362168 ecpclink 0.82608696 ends 2018-06-03 engagedrank - ereact 10 frequency 1.0471014492754 indicator actions:post_engagement qualityrank - results 33 spent 19 ========== Would you really want your town to be like Silicon Valley https://www.mercurynews.com/2018/05/09/oakland-san-francisco-downtown-office-markets-are-nations-tightest-google-apple-facebook-adobe/ https://www.mercurynews.com/2018/05/10/opinion-why-bay-area-won-by-losing-amazon-headquarters-bid/ https://www.mercurynews.com/2018/05/09/oakland-san-francisco-downtown-office-markets-are-nations-tightest-google-apple-facebook-adobe/ https://www.mercurynews.com/2018/05/09/millennial-home-buyers-forced-to-settle-in-order-to-settle-down/ https://www.mercurynews.com/2018/05/08/why-home-renovations-could-get-more-expensive-this-year/ https://www.mercurynews.com/2018/05/09/as-fire-season-nears-gusty-winds-expected-friday-night-in-bay-area/ ===== impact 10 impactrate 0 likeimpress 2 negative 0 posted 2018-05-10 ratio 36 react 9 reactrate 0 sharesrate 0 sumclicks 7 title Would you really want your town to be like Silicon Valley topic economics wordrate 0 words 11 ID 616560422021814 URL https://www.facebook.com/politicalscrapbooknet/posts/616560422021814 audclicks 7 audreach 7 engaged 7 impress 434 likeclickusers 4 likeimpress 2 likeuimpress 65 likeusers 2 likeuusers 24 matchedlinkclicks 3 matchedotherclicks 4 oimpress 434 oreach 331 posted "05/10/2018 12:51:34 PM" postlinkclicks 3 postotherclicks 4 reach 331 type Link ========== What's good about economic concentration? Amazon is using book sales to subsidize other business lines. What this does to stores that sell mostly books is not good: https://www.nytimes.com/2018/05/06/opinion/save-barnes-noble.html It's another manifestation of the new monopoly power of internet giants: https://www.nytimes.com/2018/05/01/opinion/monopoly-power-new-gilded-age.html 110 years ago, the original trustbusters realized that concentration of economic power was bad, in the same way that concentration of political power was bad, (or religious power or ... power). It doesn't matter how benignly that power is exercised today; in the ordinary course of human nature it will be exercised less benignly in the future. For instance, it might have something to do with the US economy apparently reaching a market top without much increase in wages: https://www.washingtonpost.com/opinions/unemployment-is-low-so-why-arent-wages-higher/2018/05/07/f6c2 though there are other factors at work. In general, it's a manifestation of the general principle that a government that would foster equality of opportunity must eventually take active steps when an organization has taken such good advantage of its opportunities that it can suffocate everybody else's and inhibit competition. http://www.political-scrapbook.net/theory.html#liberty%20and%20equality ===== impact 167 impactrate 0 likeimpress 2 negative 0 posted 2018-05-08 ratio 3 react 10 reactrate 0 shares 1 sharesrate 0 sumclicks 7 title What's good about economic concentration? topic economics wordrate 0 words 167 ID 615729962104860 URL https://www.facebook.com/politicalscrapbooknet/posts/615729962104860 audclicks 7 audreach 5 engaged 7 impress 83 likeclickusers 6 likeimpress 2 likeuimpress 72 likeusers 2 likeuusers 31 matchedlinkclicks 2 matchedotherclicks 5 oimpress 83 oreach 38 posted "05/08/2018 05:11:20 PM" postlinkclicks 2 postotherclicks 4 reach 38 sharesimpress 1 sharesusers 1 type Link ========== Stock buybacks Corporate stock buybacks were another gift of the Reagan administration to the capitalist class (which, to be fair, includes most people with qualified retirement accounts - which, to be fair, does not include most people who would really need a qualified retirement account the most). Such buybacks had been illegal since the Depression. They were a major feature of the Bush tax cut, and they are a major feature of the Trump tax cut. https://www.mercurynews.com/2018/05/07/stock-buybacks-by-apple-other-tech-giants-who-benefits/ https://www.mercurynews.com/2018/05/07/butler-who-do-stock-buy-backs-leave-behind/ Somebody wants to do something about it. Hint: it's not anybody in the Trump administration: http://money.cnn.com/2018/03/21/investing/stock-buyback-ban-baldwin/index.html ===== impact 36 impactrate 0 likeimpress 1 negative 0 posted 2018-05-08 ratio 6 react 4 reactrate 0 shares 2 sharesrate 0 sumclicks 1 title Stock buybacks topic economics wordrate 0 words 91 ID 615722652105591 URL https://www.facebook.com/politicalscrapbooknet/posts/615722652105591 audclicks 1 audreach 1 engaged 1 impress 64 likeclickusers 1 likeimpress 1 likeuimpress 58 likeusers 1 likeuusers 20 matchedotherclicks 1 oimpress 64 oreach 25 posted "05/08/2018 04:49:52 PM" postotherclicks 1 reach 25 sharesimpress 2 sharesusers 1 type Link ========== Where can the homeless go? Abandoned lots? https://www.washingtonpost.com/national/as-gentrification-escalates-in-calif-people-wonder-where-can-the-homeless-go/2018/05/06/d2b1018a-4a43-11e8-9072-f6d4bc32f223_story.html Tuff sheds? https://www.mercurynews.com/2018/05/08/homeless-greet-new-tuff-sheds-with-hesitation-hope/ The California homeless population is enormous for a variety of reasons, not least that the weather is mostly survivable. There are many subpopulations of homeless and there isn't any one solution that works for all of them. Many have (minimum wage) jobs - they are usually the ones living in cars - because they can't afford unsubsidized housing. But there are others with chemical or psychological issues for which no humane solution has been devised. And a spectrum of everybody in between. Unfortunately it's hard to exempt housing from the laws of supply and demand: An equable climate and thriving economy generate the demand. Limited buildable land and a desire to maintain some kind of California lifestyle limit the supply - people who'd rather live in Manhattan are probably already there. Rising costs of labor and materials will continue until the next recession. A really big earthquake, tsunami, or fire could change things, at least for a while. But the Wine Country fires in October reduced the supply but not the demand, so housing prices went up and anti-gouging laws were enacted for rentals. ===== comments 1 impact 251 impactrate 0 likeimpress 2 negative 0 posted 2018-05-08 ratio 4 react 13 reactrate 0 shares 1 sharesrate 0 sumclicks 9 title Where can the homeless go? topic economics wordrate 0 words 193 ID 615708542107002 URL https://www.facebook.com/politicalscrapbooknet/posts/615708542107002 audclicks 9 audreach 4 commentsimpress 1 commentsusers 1 engaged 5 impress 93 likeclickusers 5 likeimpress 2 likeuimpress 82 likeusers 2 likeuusers 44 matchedlinkclicks 2 matchedotherclicks 7 oimpress 93 oreach 54 posted "05/08/2018 04:12:41 PM" postlinkclicks 2 postotherclicks 3 reach 54 sharesimpress 1 sharesusers 1 type Link ========== State-sponsored IRA programs Knowing that social security benefits by themselves will not provide a secure retirement, a number of states are instituting state-sponsored IRA programs (usually small) employers that don't offer a retirement program. https://www.nytimes.com/2018/04/20/your-money/state-retirement-accounts.html In California, it will be called CalSavers, and is expected to be generally available in 2019. The employer will sign up with the state and the employee with the employer. http://www.treasurer.ca.gov/scib/ ===== comments 1 impact 70 impactrate 0 likeimpress 1 negative 0 posted 2018-05-06 ratio 4 react 11 reactrate 0 sharesrate 0 sumclicks 9 title State-sponsored IRA programs topic economics wordrate 0 words 64 ID 614841068860416 URL https://www.facebook.com/politicalscrapbooknet/posts/614841068860416 audclicks 9 audreach 5 commentsimpress 1 commentsusers 1 engaged 5 impress 94 likeclickusers 5 likeimpress 1 likeuimpress 86 likeusers 1 likeuusers 42 matchedotherclicks 9 oimpress 94 oreach 49 posted "05/06/2018 08:12:30 PM" postotherclicks 5 reach 49 type Link ========== What are the modern monopolies and trusts? Trusts and monopolies can't work the way they did in 1900; Teddy Roosevelt and a Progressive Congress made that illegal. What about now? An interesting article raises many questions: https://www.nytimes.com/2018/05/01/opinion/monopoly-power-new-gilded-age.html In particular, it points out that lots of internet titans have NO real competition: https://www.vox.com/2018/4/10/17220878/facebook-mark-zuckerberg-testimony-monopoly-graham Institutional investors can end up owning all the major companies in a market and encourage them to maximize profit over other possible goals. At least passive index funds just hold in proportion to the index and don't attempt to manage companies. But what if killing pension-fund investment activism https://www.nytimes.com/2018/03/05/opinion/investor-class-pensions.html is the main reason that wealthy investors want to eliminate public employee and other large pension funds in favor of individual 401k's? http://www.political-scrapbook.net/controversial.html#defined%20benefit ===== impact 828 impactrate 0 likeimpress 2 negative 0 posted 2018-05-01 ratio 9 react 69 reactrate 0 shares 3 sharesrate 0 sumclicks 64 title What are the modern monopolies and trusts? topic economics wordrate 0 words 120 ID 612584319086091 URL https://www.facebook.com/politicalscrapbooknet/posts/612584319086091 audclicks 66 audreach 51 bimpress 545 blikeimpress 6 blikeusers 5 breach 533 engaged 51 impress 740 likeclickusers 6 likeimpress 2 likeuimpress 83 likeusers 2 likeuusers 27 matchedlinkclicks 30 matchedotherclicks 34 oimpress 195 oreach 116 posted "05/01/2018 09:05:16 PM" postlinkclicks 25 postotherclicks 30 reach 642 sharesimpress 3 sharesusers 3 type Link budget 7 budgettype Lifetime cadname "Post: ""What are the modern monopolies and trusts?""" ccleantitle What are the modern monopolies and trusts? cclicksall 70 cclickslink 23 ccpcall 0.1 ccpclink 0.30434783 cdelivery not_delivering cend 2018-06-30 cimpressions 545 clicksunique 23 conversionrank - cost 0.30434782608696 cpm 12.8440367 creach 536 cstart 2018-04-01 ctrall 12.8440367 ctrlink 4.2201834862385 ecpclink 0.30434783 ends 2018-05-08 engagedrank - ereact 1 eshares 1 frequency 1.0167910447761 indicator actions:link_click qualityrank - results 23 spent 7 ========== Silicon Valley's housing crisis is becoming insoluble https://www.mercurynews.com/2018/04/27/construction-costs-could-hamper-bay-area-residential-towers/ https://www.mercurynews.com/2018/05/01/as-bay-area-rents-soar-many-cant-keep-up/ https://www.mercurynews.com/2018/05/01/construction-costs-could-limit-where-san-jose-homes-are-built-google-adobe-diridon/ https://www.mercurynews.com/2018/05/03/why-the-bay-area-is-the-epicenter-of-californias-housing-crisis/ The mayor offers to cut permit fees, but all that does is move the cost of supporting new development elsewhere than the developer. The fundamental problems of 1) rising material costs, 2) rising labor costs, 3) rising land costs, are all due to supply and demand and everything points to a market top soon. All three of the latter will be remediated whenever the next recession takes hold, but then nobody will want to buy. You can't escape the business cycle, because it's ultimately a phenomenon of mass psychology: http://www.political-scrapbook.net/theory.html#cycle ===== comments 5 impact 4694 impactrate 0 likeimpress 6 negative 0 posted 2018-05-01 ratio 8 react 489 reactrate 0 shares 2 sharesrate 0 sumclicks 476 title Silicon Valley's housing crisis is becoming insoluble topic economics wordrate 0 words 96 ID 612579909086532 URL https://www.facebook.com/politicalscrapbooknet/posts/612579909086532 audclicks 480 audreach 369 bimpress 5031 blikeimpress 7 blikeusers 5 breach 4090 commentsimpress 5 commentsusers 5 engaged 375 impress 5273 likeclickusers 2 likeimpress 6 likeuimpress 89 likeusers 6 likeuusers 34 matchedlinkclicks 428 matchedotherclicks 48 oimpress 242 oreach 163 posted "05/01/2018 08:47:49 PM" postlinkclicks 341 postotherclicks 36 reach 4188 sharesimpress 2 sharesusers 2 type Link budget 34 budgettype Lifetime cadname "Post: ""Silicon Valley's housing crisis is becoming insoluble""" ccleantitle Silicon Valley's housing crisis is becoming insoluble cclicksall 672 cclickslink 379 ccpcall 0.05059524 ccpclink 0.08970976 cdelivery not_delivering cend 2018-06-30 cimpressions 5038 clicksunique 350 conversionrank - cost 0.089709762532982 cpm 6.74870981 creach 4126 cstart 2018-04-01 ctrall 13.33862644 ctrlink 7.5228265184597 ecomments 4 ecpclink 0.08970976 ends 2018-06-03 engagedrank - ereact 5 eshares 2 frequency 1.221037324285 indicator actions:link_click qualityrank - results 379 spent 34 ========== Signing bonus for blue-collar workers https://www.washingtonpost.com/news/wonk/wp/2018/04/30/the-rise-of-the-blue-collar-signing-bonus-now-up-to-25000/ Can anybody not believe we are near the end of the recovery? https://www.washingtonpost.com/business/economy/rare-trifecta-of-soaring-stocks-cheap-loans-and-low-inflation-coming-to-an-end/2018/04/30/77d57f66-496c-11e8-8b5a-3b1697adcc2a_story.html The Fed is getting anxious: https://www.nytimes.com/2018/04/26/us/politics/fed-economy-overheating.html Because nobody can defeat the business cycle: http://www.political-scrapbook.net/theory.html#cycle ===== impact 15 impactrate 0 likeimpress 1 negative 0 posted 2018-04-30 ratio 8 react 5 reactrate 0 sharesrate 0 sumclicks 4 title Signing bonus for blue-collar workers topic economics wordrate 0 words 29 ID 612052059139317 URL https://www.facebook.com/politicalscrapbooknet/posts/612052059139317 audclicks 4 audreach 4 engaged 4 impress 97 likeclickusers 3 likeimpress 1 likeuimpress 92 likeusers 1 likeuusers 37 matchedotherclicks 4 oimpress 97 oreach 40 posted "04/30/2018 04:15:21 PM" postotherclicks 4 reach 40 type Link ========== Don't Define Benefits without defining how they will be funded https://www.mercurynews.com/2018/04/22/walters-california-cities-school-districts-pushed-to-the-brink-of-insolvency/ https://www.nytimes.com/2018/04/14/business/pension-finance-oregon.html California, like several other states and many local governments and Federal territories, has painted itself into an uncomfortable corner over defined benefit pensions for public employees. It's not the case that public employees are making out like gangbusters everywhere: https://www.nytimes.com/2018/04/22/business/economy/public-employees.html There's nothing inherently wrong with defined benefit pensions - many people expect benefits from one called Social Security. The problem is making sure that the money is there when the benefits are due. It's going to be a problem for Social Security - when it was set up, nobody expected pensioners to live for 30 years of benefits - but at least the Federal government could print money if it came to that. State and local governments can't do that. The typical underlying problem is that pension funds project unrealistic investment results, and so the money they do collect along the way doesn't grow fast enough. Who knows where the projections come from, but just imagine... If you put 1000 monkeys at computer terminals to manage money at random, in any given year a few of them will do really well. Of course, none of them will do really well year after year in up markets and down. Threatening the other monkeys that their bananas will be taken away if they don't match the best results every year won't help - the winners were just lucky. Professional active money managers shouldn't be compared to monkeys typing at random - that's unfair to the monkeys. A number of factors conspire to insure that, over long periods of up and down markets, on average active investment managers underperform passive index funds. But the lucky winners in any particular year drive unrealistic expectations. But who cares? That's the next generation's problem. http://www.political-scrapbook.net/controversial.html#defined%20benefit ===== comments 26 impact 19246 impactrate 1 likeimpress 29 negative 0 posted 2018-04-22 ratio 7 react 648 reactrate 0 shares 16 sharesrate 0 sumclicks 577 title Don't Define Benefits without defining how they will topic economics wordrate 0 words 297 ID 608585802819276 URL https://www.facebook.com/politicalscrapbooknet/posts/608585802819276 audclicks 580 audreach 408 bimpress 4575 blikeimpress 26 blikeusers 21 breach 4259 commentsimpress 26 commentsusers 20 engaged 433 impress 5923 likeclickusers 6 likeimpress 29 likeuimpress 147 likeusers 29 likeuusers 77 matchedlinkclicks 340 matchedotherclicks 237 oimpress 1348 oreach 662 posted "04/22/2018 04:55:48 PM" postlinkclicks 299 postotherclicks 124 reach 4837 sharesimpress 16 sharesusers 13 type Link budget 39 budgettype Lifetime cadname "Post: ""Don't Define Benefits without defining how they will""" ccleantitle Don't Define Benefits without defining how they will cclicksall 618 cclickslink 294 ccpcall 0.0707127 ccpclink 0.175803 cdelivery not_delivering cend 2018-06-30 cimpressions 4575 clicksunique 42+248 conversionrank - cost 0.128032 cpm 8.5513 creach 4305 cstart 2018-04-01 ctrall 13.4969 ctrlink 6.41638 ecomments 9 ecpclink 0.531746 ends 2018-06-03 engagedrank - epagelikes 1 ereact 21 eshares 11 frequency 1.06272 indicator actions:post_engagement+actions:link_click qualityrank - results 323 spent 39 ========== Oregon was too optimistic about defined-benefit pensions If you've ever been through Klamath Falls, you know that town does not need additional pension debt burden: https://www.nytimes.com/2018/04/14/business/pension-finance-oregon.html but it's got it, needed or not. Promising generous pensions based on a generous stock market is asking for trouble, and trouble has responded. Defined-benefit pensions should only be offered by the Federal government, since only they can print money to pay for them. Social Security is our premier defined-benefit pension, and it's available to many people, but not everybody: it would be better if everybody were required to pay in and everybody were entitled to the benefit. http://www.political-scrapbook.net/controversial.html#defined%20benefit ===== impact 62 impactrate 0 negative 0 posted 2018-04-16 ratio 8 react 6 reactrate 0 sharesrate 0 sumclicks 6 title Oregon was too optimistic about defined-benefit pensions topic economics wordrate 0 words 103 ID 605781866433003 URL https://www.facebook.com/politicalscrapbooknet/posts/605781866433003 audclicks 6 audreach 5 engaged 5 impress 113 likeclickusers 5 likeuimpress 107 likeuusers 42 matchedlinkclicks 1 matchedotherclicks 5 oimpress 113 oreach 48 posted "04/16/2018 11:31:50 AM" postlinkclicks 1 postotherclicks 4 reach 48 type Link ========== Trump Administration bravely defends your right to make bad choices about your retirement! Remember, the important question is: how can the masses best serve the billionaires. Clearly, "fiduciary responsibility" now means faithfulness to the interests of the Wall Street billionaire class. In today's San Jose Mercury New, Steve Butler explained how all that works: https://www.mercurynews.com/2018/04/09/5149350/ Obama was for the old definition of "fiduciary responsibility" - faithfulness to the worker hoping to save enough to retire on. And anything Obama was for, Trump is against. So he's all for getting rid of these burdensome Federal regulations that just level the playing field. One of the arguments against relying on 401k's and IRA's is that individual retirees make poor choices of investments. That's nonsense - they make great choices as far as Wall Street and the salesman are concerned. As the old joke goes, The firm made money, the broker made money, and two out of three ain't bad. As a lifetime salesman, Trump is on board with that outlook. ===== comments 11 impact 9168 impactrate 0 likeimpress 128 negative 0 posted 2018-04-09 ratio 7 react 549 reactrate 0 shares 49 sharesrate 0 sumclicks 361 title Trump Administration bravely defends your right to make topic economics wordrate 0 words 167 ID 602836633394193 URL https://www.facebook.com/politicalscrapbooknet/posts/602836633394193 audclicks 362 audreach 255 bimpress 3553 blikeimpress 28 blikeusers 26 breach 3391 commentsimpress 11 commentsusers 10 engaged 349 impress 4609 likeclickusers 16 likeimpress 128 likeuimpress 159 likeusers 124 likeuusers 86 matchedlinkclicks 143 matchedotherclicks 218 oimpress 1056 oreach 762 posted "04/09/2018 04:04:48 PM" postlinkclicks 106 postotherclicks 182 reach 4180 sharesimpress 49 sharesusers 43 type Link budget 40 budgettype Lifetime cadname "Post: ""Trump Administration bravely defends your right...""" ccleantitle Trump Administration bravely defends your right cclicksall 487 cclickslink 98 ccpcall 0.0830499 ccpclink 0.42835 cdelivery not_delivering cend 2018-06-30 cimpressions 3553 clicksunique 63+35 conversionrank - cost 0.229325 cpm 11.2245 creach 3369 cstart 2018-04-01 ctrall 13.6405 ctrlink 2.77448 ecomments 7 ecpclink 0.888889 ends 2018-06-03 engagedrank - ereact 96 eshares 45 frequency 1.05462 indicator actions:link_click+actions:post_engagement qualityrank - results 236 spent 40 ========== Are Economic Recoveries 100% ??? Two IMF economists dispute the common view that economic recoveries recover 100% of what was lost in the previous recession: https://www.washingtonpost.com/opinions/stocks-boomerang-on-trump/2018/04/04/c5f61540-3817-11e8-9c0a-85d477d9a226_story.html Scars of the previous recession are not so easily healed, which is why governments often are overly optimistic about recoveries. That's important because the boom and bust cycle is endemic to liberal and conservative governments alike; nobody has figured out how to beat the underlying mass psychology phenomenon: http://www.political-scrapbook.net/theory.html#cycle ===== impact 44 impactrate 0 likeimpress 1 negative 0 posted 2018-04-05 ratio 7 react 6 reactrate 0 sharesrate 0 sumclicks 5 title Are Economic Recoveries 100% cb1 csv eb1 nmd ntd rmd rtd topic economics wordrate 0 words 73 ID 601074066903783 URL https://www.facebook.com/politicalscrapbooknet/posts/601074066903783 audclicks 5 audreach 5 engaged 6 impress 108 likeclickusers 6 likeimpress 1 likeuimpress 93 likeusers 1 likeuusers 31 matchedotherclicks 5 oimpress 108 oreach 42 posted "04/05/2018 07:45:54 PM" postotherclicks 5 reach 42 type Link