1
On the Doorstep With a Plea: Will You Support Medicare for All?
The nation’s largest nurses’ union is pushing Medicare for all from door to
door to door in swing House districts. But the campaign for a single-payer
health system is slow going.
Single-payer is a better deal for all.
2
As Passions Flare in Abortion Debate, Many Americans Say ‘It’s Complicated’
Abortion is anything but a simple issue. But the nuance in how most
Americans think about it has all but disappeared from the political
conversation, some voters say.
No woman is required to abort.
No woman should be required to bear an unwanted child.
3
Schedule for Week of June 16, 2019
The key reports this week are May housing starts and existing home sales.
For manufacturing, the June New York and Philly Fed manufacturing surveys
will be released.
The FOMC meets this week, and no change to policy is expected at this
meeting.
*----- Monday, June 17th -----*
8:30 AM: The New York Fed *Empire State manufacturing survey* for June. The
consensus is for a reading of 10.0, down from 17.8.
10:00 AM: The June *NAHB homebuilder survey*. The consensus is for a
reading of 67, up from 66. Any number above 50 indicates that more builders
view sales conditions as good than poo... more »
Ok
4
Democratic Debates, Sanders on Socialism, New Polls: This Week in the 2020 Race
The stage is set for the first Democratic debates this month, Joe Biden and
President Trump square off in Iowa and we round up new policy proposals.
This format is an error.
Most positions do not conflict.
We have a beauty contest.
5
On Politics: The Biggest Stories of the Week
It’s been a busy week in American politics. Here are some of the stories
you might have missed.
Donald Trump held the center stage.
The hook is required.
https://allthetropes.fandom.com/wiki/Vaudeville_Hook
6
U.S. Escalates Online Attacks on Russia’s Power Grid
The Trump administration is using new authority to take more aggressive
digital action in a warning to Moscow and in a demonstration of its
abilities.
I am worried. I hope this is fake news.
7
Ask Maggie Haberman About Covering the White House
Since she joined The Times in 2015, Maggie Haberman has been a driving
force behind much of its award-winning political coverage and a lightning
rod for grievances from both sides of the aisle.
Maggie Haberman must do her job.
I will not distract her.
8
As Trump Accuses Iran, He Has One Problem: His Own Credibility
For any president, accusing another country of an act of war presents a
challenge to overcome skepticism at home and abroad. For a president known
for falsehoods and bombast, it is far more daunting.
Trump has no credibility.
9
A President With a Taste for Planes Has a Plan for Air Force One: Paint It Red, White and Blue
“I like the concept of red, white and blue,” Mr. Trump said on Friday. “The
baby blue” of the Kennedy era, he said, “doesn’t fit with us.”
https://allthetropes.fandom.com/wiki/Vaudeville_Hook
10
California Bay Area Home Sales Decline 2% YoY in May, Inventory up 15% YoY
From Compass chief economist Selma Hepp: Plenty of Bay Area buyers, but why
are they hesitant?
• While April’s momentum is slightly slower in May, May sales are still
only 2 percent below last year’s highs after double-digit declines earlier
in the year.
• Home sales momentum remains solid in East Bay. Napa sales finally jumped
6 percent after a 6-month losing streak, averaging 20 percent annual
declines.
• Affordable sales picked up again with sales of homes priced below $1
million up 3 percent year-over-year, the first two-month consecutive annual
increase in the last four years... more »
The prices are too high.
11
Justice Dept. Backs Mnuchin’s Refusal to Release Trump’s Tax Returns
In a new memo, the department argued that a request from House Democrats
for the returns was not legitimate and was only for political purposes.
The executive office agrees with itself.
12
"Mortgage Rates Just Had Another Awesome Week"
From Matthew Graham at Mortgage News Daily: Mortgage Rates Just Had Another
Awesome Week
While we can't say that this week's best mortgage rate offerings were quite
as good as last week's best, they were pretty darn close. In fact, quite a
few lenders have simply been quoting the same rates for the entire 2-week
period. [*30YR FIXED - 3.875%*]
emphasis added
[image: Mortgage Rates] *Click on graph for larger image.*
This is a graph from Mortgage News Daily (MND) showing 30 year fixed rates
from three sources (MND, MBA, Freddie Mac). Go to MND and you can adjust
the graph for dif... more »
Pay cash.
13
Roadside Blast in Niger That Hit Americans Shows Growing Threat, Officials Say
The explosives were buried roughly three feet underground and positioned at
a key choke point on a road that led to a shooting range frequented by
American troops.
Unskilled but learning.
14
What the Chinese Communist Party Learned From the Fall of the USSR
Recently I read a speech from 2013 by Xi Jingping, the General Secretary of
China’s Communist Party, and China’s leader. In one respect it’s turgid and
boring: it’s for insiders, other party members. But in another it’s
fascinating. One part that Xi goes on and on about is how there have been
different periods in […]
Keep the faith.
15
White House Considers Restoring the Daily Briefing for the Next Press Secretary
Stephanie Grisham, currently the spokeswoman for the first lady, Melania
Trump, is one of those under consideration to succeed Sarah Huckabee
Sanders.
yes
16
The U.S. Has Turned Up Pressure on Iran. See the Timeline of Events.
As increased American pressure and sanctions have put a strangle on the
Iranian economy, Iran now may be hitting back.
No
https://www.juancole.com/
17
New York City Allocates $250,000 for Abortions, Challenging Conservative States
The money will go to a nonprofit fund that pays clinics for abortions
performed on women who cannot pay, a third of whom live outside New York.
There is no challenge.
18
The Democratic Debate Lineups Are Set. Here’s What to Expect.
The first night will be Elizabeth Warren’s to lose, while the second will
be a four-way showdown between the rest of the top-tier candidates.
Noise.
19
Trump Appoints a Loyalist as ‘Border Czar’ in Latest Immigration Reshuffle
The appointment of Thomas D. Homan to oversee border policy is likely to
undercut the homeland security secretary’s traditional role as the top
official responsible for border security.
Log jam.
12
Q2 GDP Forecasts: Around 2%
From Merrill Lynch:
Core retail sales popped 0.5% mom in May with positive revisions.
Industrial production and inventories were also solid. The data lifted *2Q
GDP tracking by 0.4pp to 2.5% qoq saar*. 1Q GDP tracking was unchanged at
3.2%.[June 14 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at *1.4% for 2019:Q2* and 1.7% for
2019:Q3 [June 14 estimate].
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual
rate) in the *second quarter of 2019 is 2.1 percent on June 14*, up fr... more »
Wait for a number.
This is a guess.
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