a Better Bubble™

Kevin Drum 🕸

Raw data: Rent in the US

1 year 4 months ago
Here is the average rental price of a vacant apartment over the past couple of decades: Note that this is the asking price for a vacant apartment, so it represents the actual cost of moving into a new place. Income is for nonsupervisory workers, who represent about 80% of the workforce, so it isn't skewed ...continue reading "Raw data: Rent in the US"
Kevin Drum

Why did illegal immigration surge after 2020?

1 year 4 months ago
Why has illegal immigration skyrocketed over the past few years? Steven Camarota provides a common explanation: Once it became clear that the administration was not going to detain people, send them home quickly, or require them to wait in Mexico, the number of people coming to the border skyrocketed. Here are total border encounters over ...continue reading "Why did illegal immigration surge after 2020?"
Kevin Drum

The trade deficit improved slightly in November

1 year 4 months ago
The non-oil trade deficit declined slightly last month: We've recovered from the worst of the pandemic, but we're still running bigger trade deficits than we did during the teens. This was a big concern back in the day, but for some reason nobody seems to care about it anymore.
Kevin Drum

How does illegal immigration compare to US birth rates?

1 year 4 months ago
Apparently there's some kind of foofarah over Elon Musk highlighting a tweet that claims more illegal immigrants are coming into the country than there are native births. As near as I can tell, this isn't true using any statistics, including the raw number of border encounters. Here's my best take at a true number: Net ...continue reading "How does illegal immigration compare to US birth rates?"
Kevin Drum

Lunchtime Photo

1 year 4 months ago
Last week I went whale watching off the coast of Dana Point. I didn't see any of the fabled killer whales that are supposedly puttering around right now, but we did see some gray whales. The good news is that this was an early sighting and it was a pod of three, so I was ...continue reading "Lunchtime Photo"
Kevin Drum

Biden needs to stop aid to Israel until its campaign of starvation stops

1 year 4 months ago
Time offers the following numbers about the Israeli campaign to starve Gaza: A December report from the Integrated Food Security Phase Classification predicted that by February, all 2 million people in Gaza would face crisis levels of acute food insecurity, with at least one in four households facing famine-like conditions. ....[Colonel Elad Goren] says Israel ...continue reading "Biden needs to stop aid to Israel until its campaign of starvation stops"
Kevin Drum

Raw data: Unleased office space sets new record in 2023

1 year 4 months ago
The Wall Street Journal reports today that office vacancies are at their highest level since records began: A staggering 19.6% of office space in major U.S. cities wasn’t leased as of the fourth quarter, according to Moody’s Analytics, up from 18.8% a year earlier. That is slightly above the previous records of 19.3% set in ...continue reading "Raw data: Unleased office space sets new record in 2023"
Kevin Drum

Don’t blame neoliberalism for broken supply lines during the pandemic

1 year 4 months ago
Dan Drezner has a great piece in Reason this month called "The Post-Neoliberalism Moment." It's an unfortunate title that hides its real argument: globalization didn't hurt us during the pandemic and we abandon it at our peril. We heard constantly during the pandemic that supply lines broke because they were so complex and global. But ...continue reading "Don’t blame neoliberalism for broken supply lines during the pandemic"
Kevin Drum

Confidence in universities hasn’t plummeted in any unusual way

1 year 4 months ago
Over at National Review, Michael Strain notes that confidence in higher education has declined considerably over the past few years. But he says it's not just because of Republicans: Universities are bleeding support among Americans who identify as Democrats and independents as well. In 2023, universities had the confidence of only 59 percent of Democrats ...continue reading "Confidence in universities hasn’t plummeted in any unusual way"
Kevin Drum