1
‘Hillary and Clinton’ to End Broadway Run Early
Lucas Hnath’s play about a familiar-sounding power couple will wrap up on
June 23.
They did not find an audience.
2
How Battles Over Serving Same-Sex Couples Play Out in Court
The Supreme Court just declined to hear a case in which a bakery refused to
make a cake for a lesbian couple. Here’s a look at similar past cases.
Freedom from religion should hold.
Quakers are allowed to affirm rather than to swear on the bible.
3
Justices Dismiss Appeal in Virginia Racial Gerrymandering Case
The decision featured unusual alliances, with Justices Clarence Thomas and
Neil M. Gorsuch joining three of the court’s more liberal members.
Gerrymandering should not be tollerated.
Impeachment is not a cheerfull prospect.
An alternative is stuffing the Court.
4
CAR on California: "Lower interest rates perk up May home sales"
The CAR reported: Lower interest rates perk up May home sales as median
price reaches another high
California’s median home price edged higher to another peak for the second
straight month as lower interest rates helped bolster home sales in May,
the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California
totaled a seasonally adjusted annualized rate of 406,960 units in May,
according to information collected by C.A.R. from more than 90 local
REALTOR® associations and MLSs statewide. The statewide annualize... more
Homes in California are unaffordable.
I could help some.
5
Supreme Court Affirms Exception to Double Jeopardy in a Case With Implications for Trump Associates
The justices refused to overrule precedents that allow separate
prosecutions for the same crimes in state and federal courts
The South won reconstruction.
The states retaine a secondary sovereignty.
6
Xi Jinping Will Make First Visit to North Korea Ahead of Meeting With Trump
At a time when tensions among North Korea, China and the United States have
been high, some officials see Mr. Xi’s trip to Pyongyang as a way to cool
things down.
North Korea is reassured.
7
FOMC Preview
The consensus is that there will no change in policy at the FOMC meeting
this week, but that the Fed might take a more dovish tone (and possibly
even remove the word "patience") - and possibly hint at a rate cut later
this year (perhaps as insurance).
Note that Goldman Sachs chief economist Jan Hatzius wrote today: "A
Skeptical View of Insurance Cuts". Hatzius thinks the Fed will remain data
dependent (any rate cut will be based on the data), and not cut rates as
"insurance".
There might some revisions in the economic projections, especially for
inflation.
Here are the March FOMC ... more »
A guess I am pleased to see.
8
The Trade War Is Taking Money From Your Wallet, and Returning Some, Too
The Trump administration’s taxes made that washing machine cost more, but
gas is cheaper because the markets are jittery about the trade war.
Trade wars are destructive everywhere.
9
Supreme Court Won’t Rule on Clash Between Another Bakery and a Gay Couple
The Supreme Court again avoided deciding whether the Constitution allows
people with religious objections to same-sex marriage to discriminate.
The Supreme Court told the discriminators no.
Antidiscrimination law is established.
Have the cake, then eat it.
There is cake.
10
Trump Campaign to Purge Pollsters After Leak of Dismal Results
Just two days before President Trump is set to kick off his re-election
campaign, his team was cutting ties with three pollsters as part of an
effort to prevent further leaks.
"Shooting the messenger"
11
NAHB: "Builder Confidence Solid in June Amidst Growing Economic Uncertainty"
The National Association of Home Builders (NAHB) reported the housing
market index (HMI) was at 64 in June, down from 66 in May. Any number above
50 indicates that more builders view sales conditions as good than poor.
From NAHB: Builder Confidence Solid in June Amidst Growing Economic
Uncertainty
*Builder confidence in the market for newly-built single-family homes fell
two points to 64 in Jun*e, according to the latest NAHB/Wells Fargo Housing
Market Index (HMI) released today. Sentiment levels have held at a solid
range in the low- to mid-60s for the past five months.
“While dem... more »
It is not a happy number.
12
NY Fed: Manufacturing "Business activity took a sharp turn downward in New York State"
From the NY Fed: Empire State Manufacturing Survey
Business activity took a *sharp turn downward* in New York State, according
to firms responding to the June 2019 Empire State Manufacturing Survey. *The
headline general business conditions index plummeted twenty-six points, its
largest monthly decline on record, to -8.6*. New orders receded, while
shipments increased modestly. Unfilled orders fell, and delivery times and
inventories moved slightly lower. Labor market indicators pointed to small
declines in employment and hours worked.
*The index for number of employees fell eight ... more »
It is not a happy number.
13
Elizabeth Warren Is Completely Serious
About income inequality. About corporate power. About corrupt politics. And
about being America’s next president.
14
Yes.
She is my prefference.
Why Joe Biden Thinks He Can Ignore His Many Democratic Rivals
Mr. Biden is betting that his widespread name recognition and early poll
results free him to focus on President Trump — and brush off his 22
Democratic opponents.
Joe Biden is wrong.
15
On Politics: Trump Ousts Pollsters
NYT > Politics - 14 hours ago
After the leak of internal polls showing President Trump behind Joe Biden
in several key states, the campaign is cutting ties with three of its five
pollsters.
"Shooting the messenger"
16
Trump Wants to Neutralize Democrats on Health Care. Republicans Say Let It Go.
If the president follows through on issuing a plan, it could help shape a
presidential race that Democrats would like to focus largely on health care.
Trump cannot make a plan acceptable to the Republican party.
17
Sunday Night Futures
Weekend:
• Schedule for Week of June 16, 2019
Monday:
• At 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.
• At 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 poor.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 7 and DOW
futures are up 56 (fair value).
Oil prices were down over the last week with WTI futures at $52.60 per
barrel and Brent at $62.15 per b... more »
Guesses.
18
Pharma Execs Should Go To Jail and Pharma Should Be Publicly Run
*One vial of insulin cost $21 in 1996, compared to $320 in 2018. The cost
of Big Pharma’s outrageous greed is American lives. If they will not end
their greed then we will end it for them.* —Bernie Sanders Corporations are
bundles of rights. The most important right is a shield from liability.
Corporation rights […]
The health care system must bargain the price of treatment.
19
Progressives Vowed Driver’s Licenses for the Undocumented. Then the Suburbs Spoke Up.
The topic is one of the most divisive issues before the State Legislature
this year, and Democrats worry it could endanger them politically.
The cost of living will rise licenses are not issued.
20
Trump Campaign to Purge Pollsters After Leak of Dismal Results
Just two days before President Trump is set to kick off his re-election
campaign, his team was cutting ties with three pollsters as part of an
effort to prevent further leaks.
"Shooting the messenger"
It is not a winning move.
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