Paul Krugman Retweeted
New HuffPost/YouGov poll: Most Americans want to see Trump's tax returns -- and Democratic candidates' returns, too.
https://www.huffpost.com/entry/trump-tax-return-poll_n_5cabb42fe4b01b34503a59e9
1
Homeland Security Secretary Kirstjen Nielsen Exits Trump’s Cabinet
NYT > Politics - 34 minutes ago
Kirstjen Nielsen’s run as head of the Department of Homeland Security, much
criticized by President Trump, has come to an end after a tumultuous tenure.
Sadists are never happy with other's work.
2
Trump Designates Iran’s Revolutionary Guard a Foreign Terrorist Group
EDWARD WONG and ERIC SCHMITT at NYT > Politics - 34 minutes ago
The designation is the first one by the United States against part of a
foreign government. The Pentagon and C.I.A. oppose the designation.
Trump has problems with nations revolutions.
3
AAR: March Rail Carloads down 8.9% YoY, Intermodal Down 1.5% YoY
Calculated Risk at Calculated Risk - 2 hours ago
From the Association of American Railroads (AAR) Rail Time Indicators. *Graphs
and excerpts reprinted with permission*.
We used this phrase a few years ago in Rail Time Indicators, but it’s
appropriate again now: sometimes you’re the windshield and sometimes you’re
the bug. In March, railroads were the bug. *Total U.S. rail carloads in
March 2019 were down 8.9%* (93,616 carloads) from March 2018. That’s the
biggest percentage decline for total carloads for any month since May 2016.
… *U.S. intermodal originations were down 1.5%* (16,387 containers and
trailers) in March 2019 from M... more »
Tarrifs are effective.
4
Las Vegas Real Estate in March: Sales Down 16% YoY, Inventory up 92% YoY
Calculated Risk at Calculated Risk - 4 hours ago
This is a key former distressed market to follow since Las Vegas saw the
largest price decline, following the housing bubble, of any of the
Case-Shiller composite 20 cities.
The Greater Las Vegas Association of Realtors reported Local home prices
inch up to $300,000 as homes selling at slower pace; GLVAR housing
statistics for March 2019
Local home prices inched back up to the $300,000 mark in March while fewer
properties changed hands and more homes were on the market than one year
ago. So says a report released Monday by the Greater Las Vegas Association
of REALTORS® (GLVAR).
..... more »
Bad bets on retirement homes.
5
On Politics: Democrats and the Death Penalty
NYT > Politics - 6 hours ago
After decades of decreased crime rates and declining public support for
capital punishment, a new generation of Democrats are declaring their
opposition.
No big surprises.
6
With ‘Unplanned,’ Abortion Opponents Turn Toward Hollywood
REGGIE UGWU at NYT > Politics - 6 hours ago
The makers of the divisive anti-abortion movie — a word-of-mouth hit that a
physician called misleading — say they’ve been shunned by mainstream media.
Slander is an easy way to win a debate.
7
U.S. Wants to Allow More Foreign Workers While Also Restricting Immigration
MIHIR ZAVERI and EMILY S. RUEB at NYT > Politics - 6 hours ago
The move to expand the H-2B visa program appeared to clash with the Trump
administration’s repeated message about a crisis on the southern border.
Slavery looks profitable in the short term.
8
Kevin McAleenan, Top U.S. Border Enforcement Officer, Is Named Acting Head of Homeland Security
JACEY FORTIN at NYT > Politics - 15 hours ago
President Trump said Mr. McAleenan, the commissioner of Customs and Border
Protection, would “do a great job” taking over for Kirstjen Nielsen, who
resigned Sunday.
Some like to cause pain.
9
America: A Failing State
Ian Welsh at Ian Welsh - 15 hours ago
When stuff that should work just gets worse and worse, you know your state
is failing. Then we have the overdose rates… (pdf) People who are happy and
have hope for the future rarely become drug addicts. Adam Smith wrote that
“there is a great deal of ruin in a nation.” That amount is not […]
I have no effective argument.
10
Sunday Night Futures
Calculated Risk at Calculated Risk - 17 hours ago
Weekend:
• Schedule for Week of April 7, 2019
Monday:
• No major economic releases scheduled.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are unchanged and
DOW futures are up 40 (fair value).
Oil prices were up over the last week with WTI futures at $63.08 per barrel
and Brent at $70.34 per barrel. A year ago, WTI was at $63, and Brent was
at $68 - so oil prices are mostly unchanged year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices.
Nationally prices are at $2.74 per gallon. A year ago prices were at $2.65
per gallon, so gasoline price... more »
CR tries. He may be right locally.
11
Kirstjen Nielsen Resigns as Trump’s Homeland Security Secretary
ZOLAN KANNO-YOUNGS, MAGGIE HABERMAN, MICHAEL D. SHEAR and ERIC SCHMITT at NYT > Politics - 19 hours ago
The president had blamed Ms. Nielsen for the rise in migrants who illegally
entered the United States even though she supported his hard-line
immigration policies.
She was trying to do the impossible.
12
Week-end Wrap – Political Economy – April 7, 2019
Tony Wikrent at Ian Welsh - 19 hours ago
***Post is By Tony Wikrent*** Draining The Swamp In North Carolina Yields
The Head Of The State Republican Party, The Party’s Top Donor And 3 Others,
Including A Far Right Member Of Congress About a decade ago, mostly back in
2006 and 2008, we used to write a lot about a North Carolina
multimillionaire congressman […]
http://downwithtyranny.blogspot.com/2019/04/draining-swamp-in-north-carolina-yields.html
https://downwithtyranny.blogspot.com/search?q=robin+hayes
There must be bodies hidden in North Carolina.
13
Cory Booker Raises $5 Million in First Quarter of 2020 Race
SHANE GOLDMACHER at NYT > Politics - 23 hours ago
Mr. Booker’s total is among the smallest fund-raising figures to be
voluntarily disclosed so far, though it expected to outpace others who have
not yet announced.
"Senator Cory Booker of New Jersey
announced on Sunday that his presidential campaign had raised more than
$5 million in the first quarter of the year.
Mr.
Booker’s total is among the smallest fund-raising figures to be
voluntarily disclosed so far by a Democratic candidate, though it is
still expected to outpace others; nearly a dozen candidates have yet to
announce their first-quarter numbers."
14
House Democratic Campaign Arm Nears War With Liberals Over Primary Fights
CATIE EDMONDSON at NYT > Politics - 1 day ago
Liberal Democrats are infuriated by a new Democratic Congressional Campaign
Committee policy intended to protect centrist incumbents from primary
challenges.
The DCCC is acting strategically.
Money will be tight.
15
Democrats Rethink the Death Penalty, and Its Politics
TIM ARANGO at NYT > Politics - 1 day ago
Following California’s moratorium on executions, Democrats running for
president embraced abolition, signaling a generational shift for the party.
Good.
Only the living suffer.
More than enough prisoners are exhonorated after conviction.
16
Oil: "A big jump" in Rig Counts
Calculated Risk at Calculated Risk - 1 day ago
A few comments from Steven Kopits of Princeton Energy Advisors LLC on April
5, 2019:
• Oil rigs rebounded sharply, +15 to 831
• Horizontal oil rig counts also saw a nice move up, +8 to 734
• The Permian took all the net horizontal oil rig adds, +8, for the best
week in a year
• One might be tempted to call the end of the mini-cycle – again – this
week. It certainly could be.
[image: Oil Rig Count]*Click on graph for larger image.*
CR note: This graph shows the US horizontal rig count by basin.
Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors
LLC.
https://www.calculatedriskblog.com/2019/04/oil-big-jump-in-rig-counts.html
Trump gave the drillers hope.
It is now reduced.
17
Congress Waits as Barr Blacks Out Parts of Mueller Report
CHARLIE SAVAGE at NYT > Politics - 1 day ago
Parsing the categories of information the attorney general says Congress
cannot see — even as lawmakers continue to demand the whole document.
Paul Krugman Retweeted
I agree with @LHSummers here. The law is clear that the Treasury Secretary has no authority to prevent IRS from complying with a § 6103 request by Congress for the tax returns of any individual, including POTUS.
18
Pushing for Tighter Borders, Trump Asks Jews for Support
EMILY COCHRANE at NYT > Politics - 1 day ago
A speech underlined how many conservative Jewish voters, alarmed by rising
threats of anti-Semitism and energized by Mr. Trump’s pro-Israel policies,
have embraced President Trump.
Trump likes Putin.
https://www.nytimes.com/2019/04/08/us/politics/benjamin-netanyahu-donald-trump.html
https://www.nytimes.com/2019/04/09/world/middleeast/israel-elections-netanyahu-gantz.html
@15:50
"Exit polls show a dead heat in the race between Benjamin Netanyahu, the
polarizing, right-wing prime minister, and his main rival, Benny Gantz, a
newcomer to electoral politics who is seen as a centrist. Both men
claimed victory."
Wait for the count.
Wait for the count.
19
Booker Campaigns on Baby Bonds Program to Combat Inequality
NICK CORASANITI at NYT > Politics - 1 day ago
Senator Cory Booker made a detailed case for his economic proposal, which
would create a government-run savings account for every child born in the
United States.
A bad idea.
20
A bad idea.
20
U.S. Says It Could Take 2 Years to Identify Up to Thousands of Separated Immigrant Families
JULIA JACOBS at NYT > Politics - 1 day ago
A judge had asked the government to locate children who were separated from
their families before the Trump administration’s “zero-tolerance” policy
was made public.Contempt of court!
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