a Better Bubble™

Kevin Drum 🕸

For Republicans, it’s conspiracies all the way down

1 year 5 months ago
Today I learned about ERIC, a national data clearinghouse that helps states keep their voter rolls accurate. It does this by sharing information among states about voters who have moved, changed their registration, mistakenly registered in multiple places, or died. Since Republicans are constantly complaining about inaccurate voter lists that can lead to fraud, you'd ...continue reading "For Republicans, it’s conspiracies all the way down"
Kevin Drum

Quote of the day: “He jerked them around for a year and a half.”

1 year 5 months ago
Bill Barr, hardly a woke lefty, says that Donald Trump is getting exactly what he deserves in the Mar-a-Lago classified documents case: Bill Barr on the classified documents investigation: "This is not a case of the DOJ conducting a witch hunt...This would have gone nowhere had the president just returned the documents, but he jerked ...continue reading "Quote of the day: “He jerked them around for a year and a half.”"
Kevin Drum

Ukraine was behind the Nord Stream bombing all along

1 year 5 months ago
It turns out that the country behind the September 2022 bombing of the Nord Stream natural gas pipeline was almost certainly Ukraine—and US government officials have known it all along. The Washington Post reported this today based on intelligence leaks from the Discord Papers: Details about the plan, which have not been previously reported, were ...continue reading "Ukraine was behind the Nord Stream bombing all along"
Kevin Drum

Missouri leads the nation in dog attacks on mail carriers

1 year 5 months ago
The postal service announced today, as part of National Dog Bite Awareness Week, that more than 5,300 postal carriers were attacked by dogs in 2022. They list California and Texas as the top dog attack states, but of course this is only because California and Texas are the biggest states. A different story emerges if ...continue reading "Missouri leads the nation in dog attacks on mail carriers"
Kevin Drum

The debt ceiling crisis probably cost less than half a billion dollars

1 year 5 months ago
One of the (many) downsides of the debt ceiling debacle is the possibility that it undermined faith in US treasury bonds. If that happened, interest rates on treasuries would increase, potentially costing the government billions in higher funding rates. So did this happen? A very rough back-of-the-envelope look at treasury yields suggests it did—a little ...continue reading "The debt ceiling crisis probably cost less than half a billion dollars"
Kevin Drum

SEC sues world’s biggest crypto firm over commingling and diversion of customer funds

1 year 5 months ago
Over the past year three huge crypto firms have failed: Genesis, FTX, and Three Arrows. At least two of them came to ruin because they were fundamentally corrupt and misused customer funds. But none of these three is the biggest crypto firm. Binance is. A few months ago I noted this and asked, "When Binance ...continue reading "SEC sues world’s biggest crypto firm over commingling and diversion of customer funds"
Kevin Drum

A quarter of young people support surveillance cameras in every house

1 year 5 months ago
This is the damnedest thing I've seen in a long time. The Cato Institute recently commissioned a YouGov survey about support for a Central Bank Digital Currency. For what it's worth, only 16% support it, but that's of minimal interest. Cato also asked a few other questions, and for some reason one of them was ...continue reading "A quarter of young people support surveillance cameras in every house"
Kevin Drum

Lunchtime Photo

1 year 5 months ago
Here is a triptych of wind turbines. All of them were shot in the vicinity of Whitewater, a pass in the mountains near Palm Springs that's home to a huge wind turbine farm.
Kevin Drum

Raw data: Orders for consumer goods fell again in April

1 year 5 months ago
Adjusted for inflation, new manufacturing orders for consumer goods fell another 0.5% in April, continuing a decline that began a year ago: Since June of 2022, new orders for consumer goods have declined nearly 10%. New orders for all manufactured goods have declined 5%.
Kevin Drum

House and Senate races have increasingly become national contests

1 year 5 months ago
OpenSecrets has released a new report that highlights the growing nationalization of House and Senate races. In the past, nearly all funding for these races came from in-state donors, but over the past two decades candidates have relied more and more on donors from across the country: Senate races have become steadily more nationalized since ...continue reading "House and Senate races have increasingly become national contests"
Kevin Drum

The far right is responsible for half of all terrorist killings

1 year 5 months ago
According to a recent tally by New America, 267 people have been killed by terrorist acts on US soil since 9/11. Virtually all of these attacks were home-grown, not the result of planning or training by foreign terrorist groups: These numbers include only attacks coded as terrorist, not mass shootings and the like. Nearly half ...continue reading "The far right is responsible for half of all terrorist killings"
Kevin Drum

Biden’s job approval is kind of average

1 year 5 months ago
Here is Joe Biden's job approval compared to his immediate predecessors: Biden's approval level remains low, but it's not really much lower than Trump's or Obama's at this point in their first term. Within a few weeks it's likely to be almost exactly the same.
Kevin Drum

Raw data: Construction spending in the US

1 year 5 months ago
Here's an odd thing: Residential construction plummeted in May 2022 as mortgage rates went above 5%. That's no surprise. But nonresidential construction started to rise at exactly the same time and has continued rising ever since. Why? Nonresidential construction is largely financed by public or corporate bonds, and high-quality bond rates rose at the same ...continue reading "Raw data: Construction spending in the US"
Kevin Drum

US warships cost at least twice as much as they should

1 year 5 months ago
CNN has a remarkable story today about the vast difference in cost between warships built in the US and those built in Japan: The country’s newest Maya-class destroyers are armed with 96 VLS cells that can fire both anti-ballistic and anti-submarine missiles, while the “quality of its sensors and systems stands at the very top ...continue reading "US warships cost at least twice as much as they should"
Kevin Drum