a Better Bubble™

Kevin Drum 🕸

Retail shoplifting is up slightly over the past decade

1 year 1 month ago
We've all seen the videos of organized gangs barreling into stores, grabbing armfuls of merchandise, and then escaping before stunned store workers can do anything. The National Retail Federation puts some numbers to this crime wave: Savvy, confident organized retail crime gangs — who steal billions of dollars worth of merchandise each year only to ...continue reading "Retail shoplifting is up slightly over the past decade"
Kevin Drum

Lunchtime Photo

1 year 1 month ago
This is a lone sailboat in the late afternoon, taken from the Chesapeake Bay Bridge. There's nothing very special about this picture, but I'm accustomed to taking pictures of the Pacific Ocean, where I'm generally shooting into the sun. On the Atlantic coast you're shooting away from the sun, which certainly produces much deeper blues ...continue reading "Lunchtime Photo"
Kevin Drum

The latest Palestinian war will end the same way as all the others

1 year 1 month ago
Our latest Israeli-Palestinian war has me more depressed than I would have expected. Longtime readers with good memories will recall that I long ago lost all sympathy for Israel. I won't bother spelling out the entire list of their appalling behavior, but it's long and damning. But if it's possible to have negative sympathy for ...continue reading "The latest Palestinian war will end the same way as all the others"
Kevin Drum

Gaza

1 year 1 month ago
I don't have anything in detail to say about today's surprise Hamas attack on Israel. Except this: what are they thinking? Hamas has never won a war against Israel and never will. They must know this. They'll inflict some pain, get crushed, and Gaza will end up even worse off than before. None of this ...continue reading "Gaza"
Kevin Drum

Fire alarm update

1 year 1 month ago
Hey, have Republicans released the video yet of Rep. Jamaal Bowman pulling that fire alarm? Just asking.
Kevin Drum

What happened in Artsakh?

1 year 1 month ago
Nagorno-Karabakh—better known as Artsakh—is a smallish (100,000 people) Armenian enclave in Azerbaijan. It's long been recognized as Azerbaijani territory, but for many years it's been effectively controlled by Armenia. Until a couple of weeks ago, that is, when long-simmering conflict in the region ended abruptly with a lightning military takeover by Azerbaijani forces. Within a ...continue reading "What happened in Artsakh?"
Kevin Drum

Despite job growth, wages remain flat in 2023

1 year 1 month ago
Here's the medium-term trend in blue-collar wages:¹ Wages are up slightly over the past year but have been dead flat for all of 2023. I know I bore everyone with repetition, but this is not the sign of a tight labor market. ¹Using an estimate for September inflation.
Kevin Drum

Average mortgages are actually down a bit lately

1 year 1 month ago
With mortgage rates continuing to climb, here's an updated chart showing the average monthly payment on a 30-year mortgage: Monthly mortgage payments are still very high, but they've dropped since their peak thanks to falling home prices. They're about the same as they were one year ago.
Kevin Drum

Stagnant life expectancies for the poor probably aren’t related to health care

1 year 1 month ago
While we're on the subject of declining life expectancies for high school dropouts, here's another look at things: This is for people with low incomes, which is not the same thing as dropouts. Still, it's in the same ballpark, so this chart tells us a few things: Income for the poor has gone up fairly ...continue reading "Stagnant life expectancies for the poor probably aren’t related to health care"
Kevin Drum

Russia moves naval fleet out of Sevastopol

1 year 1 month ago
Ukraine's attacks on Russian ships docked in Crimea have proven remarkable effective—and apparently unstoppable: Russia has moved powerful vessels including three attack submarines and two frigates from Sevastopol to other ports in Russia and Crimea that offer better protection, according to Western officials and satellite images verified by naval experts. ....The move represents a remarkable ...continue reading "Russia moves naval fleet out of Sevastopol"
Kevin Drum