Daily Economy
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U.S. Posts Second Consecutive Drop in Real GDP
“Real GDP fell for a second consecutive quarter, but real private domestic demand has performed better, and core PCE price increases decelerated. Fed tightening, the war in Ukraine, and upcoming elections remain risks to the outlook.” ~ Robert Hughes
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The Nostalgic Genius of Stranger Things
“The Duffer Brothers used nostalgia to shift the rules of our exhausted contemporary discourse, slipping free from some of the constraints that have straightjacketed so much of our cultural life in recent years.” ~ Rachel Lu
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Is America in a Recession?
“Traditionally, NBER calls recessions and other phases of business cycles, but only retrospectively, and mostly just for scholars. Nobody actually involved in trading securities or making policy waits for its decisions and voters certainly won’t.” ~ Robert E. Wright
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State Power Doesn’t Settle Science
“The courageous voice that Drs. Kheriaty, Prasad, Makary, Høeg, and many others express exists in every human being. That voice lies dormant until we value the voice.” ~ Barry Brownstein
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When the Turmoil Subsides, We Will Be Living Differently
“The 2020s are turning out to be a transformational decade, profoundly so. When the shaking stops, things will be different, life will be changed.” ~ Llewellyn King
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Consumer Confidence Continued to Weaken in July
“Consumer expectations sank again in July, as fears of high inflation persist. Elevated price pressures, the fallout from Russian aggression in Ukraine, and an intensifying Fed tightening cycle increase risks for the economic outlook.” ~ Robert Hughes
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New Single-Family Home Sales Fall for the Fifth Time in Six Months
“New-home sales fell in June, and inventories continued to surge. Elevated prices and rising mortgage rates are likely to weaken future demand.” ~ Robert Hughes
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Take the Money and Run: Taxpayers in AZ Will Fund Students, not Schools
“Arizona has turned a corner in its understanding of public education. The one-size-fits-all factory model won’t have an iron grip on the state’s whole concept of education – nor its budget.” ~ Laura Williams
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A Cooler Assessment of Heatwave Deaths
“Chasing after sensational headlines predicting doom and gloom do us a disservice. It hides the progress we have made historically and prevents us from using this history to guide public discussions.” ~ Vincent Geloso
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Zero Impact’s Grim Cost
“Once a big bill comes due—in terms of dollars, standard of living, and geopolitical security—people’s commitment to maintaining the planet in a state of Edenic purity begins to wane rapidly.” ~ Richard Morrison
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•
U.S. Posts Second Consecutive Drop in Real GDP
“Real GDP fell for a second consecutive quarter, but real private domestic demand has performed better, and core PCE price increases decelerated. Fed tightening, the war in Ukraine, and upcoming elections remain risks to the outlook.” ~ Robert Hughes
-
•
The Nostalgic Genius of Stranger Things
“The Duffer Brothers used nostalgia to shift the rules of our exhausted contemporary discourse, slipping free from some of the constraints that have straightjacketed so much of our cultural life in recent years.” ~ Rachel Lu
-
•
Is America in a Recession?
“Traditionally, NBER calls recessions and other phases of business cycles, but only retrospectively, and mostly just for scholars. Nobody actually involved in trading securities or making policy waits for its decisions and voters certainly won’t.” ~ Robert E. Wright
-
•
State Power Doesn’t Settle Science
“The courageous voice that Drs. Kheriaty, Prasad, Makary, Høeg, and many others express exists in every human being. That voice lies dormant until we value the voice.” ~ Barry Brownstein
-
•
When the Turmoil Subsides, We Will Be Living Differently
“The 2020s are turning out to be a transformational decade, profoundly so. When the shaking stops, things will be different, life will be changed.” ~ Llewellyn King
-
•
Consumer Confidence Continued to Weaken in July
“Consumer expectations sank again in July, as fears of high inflation persist. Elevated price pressures, the fallout from Russian aggression in Ukraine, and an intensifying Fed tightening cycle increase risks for the economic outlook.” ~ Robert Hughes
-
•
New Single-Family Home Sales Fall for the Fifth Time in Six Months
“New-home sales fell in June, and inventories continued to surge. Elevated prices and rising mortgage rates are likely to weaken future demand.” ~ Robert Hughes
-
•
Take the Money and Run: Taxpayers in AZ Will Fund Students, not Schools
“Arizona has turned a corner in its understanding of public education. The one-size-fits-all factory model won’t have an iron grip on the state’s whole concept of education – nor its budget.” ~ Laura Williams
-
•
A Cooler Assessment of Heatwave Deaths
“Chasing after sensational headlines predicting doom and gloom do us a disservice. It hides the progress we have made historically and prevents us from using this history to guide public discussions.” ~ Vincent Geloso
-
•
Zero Impact’s Grim Cost
“Once a big bill comes due—in terms of dollars, standard of living, and geopolitical security—people’s commitment to maintaining the planet in a state of Edenic purity begins to wane rapidly.” ~ Richard Morrison