Monday, April 29, 2019

@10:50, 4/29/19

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1

How Did You Pay for College? We Want to Hear From Graduates Around the World

THE NEW YORK TIMES at NYT > Politics - 1 minute ago
Help us understand how students in your country finance higher education and start their careers.
 
Parents.
 

Dallas Fed: "Growth in Texas Manufacturing Activity Picks Up Slightly"

Calculated Risk at Calculated Risk - 11 minutes ago
From the Dallas Fed: Growth in Texas Manufacturing Activity Picks Up Slightly Texas factory activity continued to expand in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, ticked up two points to 12.4, indicating output growth accelerated slightly from March. Other measures of manufacturing activity also suggested slightly faster expansion in April. The survey’s demand indicators bounced back after dipping last month: The new orders index rose eight points to 9.8, an... more » 
 
Oil and gas.
 

Personal Income increased 0.1% in March, Spending increased 0.9%

Calculated Risk at Calculated Risk - 2 hours ago
The BEA released the Personal Income and Outlays report for March: Personal income increased $11.4 billion (0.1 percent) in March according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $0.6 billion, (less than 0.1 percent) and personal consumption expenditures (PCE) increased $123.5 billion (0.9 percent). Real DPI decreased 0.2 percent in March, and real PCE increased 0.7 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased less than 0.1 percent. The March PCE pric... more » 
 
 Losing ground @ .2% per year.
 
4  

Sidebar: Conservatives, Often Wary of Foreign Law, Embrace It in Census Case

ADAM LIPTAK at NYT > Politics - 4 hours ago
Many major democracies ask about citizenship in their censuses. Should that matter to the Supreme Court?
 
"The United States Census is a decennial census mandated by Article I, Section 2 of the United States Constitution, which states: "Representatives and direct Taxes shall be apportioned among the several States ... according to their respective Numbers ... . The actual Enumeration shall be made within three Years after the first meeting of the Congress of the United States, and within every subsequent Term of ten Years."[a][1] Section 2 of the 14th Amendment states: "Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed.""  

Persons, no mntion of citozenship.
 

Newtown Wasn’t an End for Gun Control. It Was a Beginning.

MAGGIE ASTOR at NYT > Politics - 4 hours ago
After Congress failed to pass legislation in the wake of the 2012 shooting, activists turned their energy toward building infrastructure for future fights.
 
Yes.
 

Saudi Arabia’s Laughably Stupid Plan For the End of Oil

Ian Welsh at Ian Welsh - 4 hours ago
I’ve been predicted Saudi Arabia’s crackup for some time. Their society is completely dependent on oil revenues, and their rulers have no idea how to diversify off in time. Couldn’t happen to a bigger bunch of jerks, though as usual, many innocents and powerless people will get dead, raped and tortured as Saudi Arabia falls. […]
 
Tourism is no honorable way to live.
 

Mnuchin Says Trade Negotiations With China Are in ‘the Final Laps’

ALAN RAPPEPORT at NYT > Politics - 9 hours ago
The Treasury secretary travels to Beijing this week as trade talks between the United States and China reach a critical point.
 
There may be no resolution satisfactory to Trump.
 

On Politics: Inside the Obama-Biden Relationship

NYT > Politics - 9 hours ago
What started off as an odd couple evolved into a friendship unlike any between a president and vice president in modern times.
 
https://www.nytimes.com/2019/04/27/us/politics/disaster-relief-farmers-trump.html
 
https://www.nytimes.com/2019/04/28/us/politics/trump-abortion-fact-check.html
 
Trump is willfuly stupid.
 

Sunday Night Futures

Calculated Risk at Calculated Risk - 15 hours ago
Weekend: • Schedule for Week of April 28, 2019 Monday: • 8:30 AM ET, *Personal Income and Outlays, March 2019*. The consensus is for a 0.4% increase in personal income, and for a 0.7% increase in personal spending. And for the Core PCE price index to increase 0.1%. • 10:30 AM, *Dallas Fed Survey of Manufacturing Activity* for April. This is the last of regional manufacturing surveys for April. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are down slightly (fair value). Oil prices were mixed over the last week with WTI futures at $62.87 per barrel and Br... more » 
 
 I am not sensitive to theprice of credit.  
 
10

Guantánamo Bay Prison Commander Has Been Fired

CAROL ROSENBERG at NYT > Politics - 17 hours ago
Rear Adm. John C. Ring has been let go because of a “loss of confidence in his ability” to lead, the United States Southern Command said Sunday in a statement.
 
These prisoners are witnesses to war crimes.
 
11 

Perspective, Not Parody, at a Subdued Correspondents’ Dinner

MICHAEL M. GRYNBAUM at NYT > Politics - 17 hours ago
Ron Chernow reminds the crowd at the White House Correspondents’ Association dinner that even Washington fumed about journalists.
 
Doing the job of journalist usually does not make friends.
 
12 

Trump Repeats a False Claim That Doctors ‘Execute’ Newborns

CHRIS CAMERON at NYT > Politics - 19 hours ago
The president has made “executing babies” part of his refrain on abortion, but the evidence does not back him up.
 
Trump makes his own "facts".
 
13 

Richard Lugar, Longtime Indiana G.O.P. Senator, Dies at 87

NEIL A. LEWIS at NYT > Politics - 19 hours ago
His most notable accomplishment: helping to create a program to destroy surplus stocks of nuclear weapons around the world.
 
The Republican party has grown sicker in recent decades. 
 
14 

Week-end Wrap – April 28, 2019

Tony Wikrent at Ian Welsh - 21 hours ago
 
**By Tony Wikrent** Strategic Political Economy Share of wealth held by the bottom 90% by country [Real World Economics Review Blog, via Mike Norman Economics 4-24-19] The Great Deformation: Why Income Inequality Has Become Intractable Yves Smith, April 23, 2019 [Naked Capitalism] Taylor’s talk last week focused on the drivers of the rise in inequality, […]
 
It is a measure of the risk of corruption. 
 
15 

Barr Threatens Not to Testify Before House, but Democrats May Subpoena Him

SHERYL GAY STOLBERG at NYT > Politics - 21 hours ago
The House Judiciary Committee was planning to question Attorney General William P. Barr on Thursday. But he objects to the panel’s proposed format for questioning.
 
Barr has no choice.
 
16 

April 2019: Unofficial Problem Bank list increased slightly to 73 Institutions

Calculated Risk at Calculated Risk - 23 hours ago
Note: Surferdude808 compiles an *unofficial* list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for April 2019. Here are the monthly changes and a few comments from surferdude808: Update on the Unofficial Problem Bank List for April 2019. It was quiet during the month in terms of changes as the list increased by one institution to 73 banks. Aggregate assets increased to $52.1 billion from $51.6 billion a month earlier. A year ago, the list held 94 institutions with assets of $18.9 billion. The addition this month was CFSBANK, Charlero... more » 
 
A small change. 
Noise could be responsible.
 
17 

House Democrats Feel Little Pressure From Voters to Impeach Trump

NICHOLAS FANDOS, CATIE EDMONDSON and SHERYL GAY STOLBERG at NYT > Politics - 23 hours ago
In town hall-style meetings and meet-and-greets across the country, constituents criticized President Trump. But they are more concerned with matters other than impeachment.
 
If investigationn will do te job why should defeat be risked? 
 
18 

Trump Accuses Saudis of Giving U.S. a Bad Deal. Is That True?

BEN HUBBARD at NYT > Politics - 1 day ago
President Trump said that although the kingdom had spent $450 billion in the United States, Washington still subsidized the Saudi military. We checked the facts.
 
The mind of Trump is strange and small. 
 
19 

In Pennsylvania, Joe Biden Finds Support Where He Most Needs It

TRIP GABRIEL at NYT > Politics - 1 day ago
Despite doubts about his candidacy, Joe Biden begins the race with substantial support from three key constituencies in his native state, a place the Democrats can’t afford to lose again.
 
Yes.
 
20 

The Long Run: Biden and Obama’s ‘Odd Couple’ Relationship Aged Into Family Ties

PETER BAKER at NYT > Politics - 1 day ago
Four years ago, Barack Obama gently discouraged him from running for president, but Joseph R. Biden Jr. is back and presenting himself as Mr. Obama’s natural heir.
 
Inheritance counts for nothing in American politics.
 
 
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