a Better Bubbleโ„ข

Kevin Drum ๐Ÿ•ธ

Chart of the day: Consumer spending growth has gone flat

2 years 2 months ago
Consumer spending growth was flat in May: After huge spikes due to the pandemic and its rescue packages, consumer spending growth now appears to have settled down to its normal, pre-pandemic rate of about 2%. This means that spending isn't driving inflation higher. Wages aren't driving inflation higher. Home prices are no longer driving inflation ...continue reading "Chart of the day: Consumer spending growth has gone flat"
Kevin Drum

Wait, what?

2 years 2 months ago
Last night, like thousands of nights before it, USC was part of the Pac-12 conference when I went to bed. This morning, I woke up, came downstairs, and immediately crashed. When I finally woke up for good this afternoon, USC was a member of the Big Ten. wtf?
Kevin Drum

Update: Party defections are tiny and mostly meaningless

2 years 2 months ago
A few days ago I wrote about an AP study showing that over the past year about 1 million voters had switched their party registration to Republican compared to 600,000 who had become Democrats. This was based on a party switching report from L2, which combined actual data from states that report it with modeling ...continue reading "Update: Party defections are tiny and mostly meaningless"
Kevin Drum

The logic games behind todayโ€™s Supreme Court ruling on power regulation

2 years 2 months ago
As expected, the Supreme Court handed down a ruling today that limits the EPA's authority to regulate carbon dioxide emissions. Needless to say, liberals were appalled: Richard Lazarus, a Harvard environmental law professor, said in a statement that by insisting that an agency “can promulgate an important and significant climate rule only by showing ‘clear ...continue reading "The logic games behind today’s Supreme Court ruling on power regulation"
Kevin Drum

Lunchtime Photo

2 years 2 months ago
This is Monet's lily pond. As you can see, there are no lilies blooming in this picture, so it's basically just a pond. When you're on an eight-day cruise, it's inevitable that some of your tours will be on weekends. That was the case here, and Monet's garden was jammed—though you can't tell in this ...continue reading "Lunchtime Photo"
Kevin Drum

Map of the day: Here are the cities where pay has increased the most

2 years 2 months ago
According to the latest numbers from the BLS, here are the cities where pay has increased the most over the past year: Both the biggest and smallest pay increases seem to be scattered pretty equally around the country, so no interesting conclusions about this spring to mind. I will say that only in the yellow ...continue reading "Map of the day: Here are the cities where pay has increased the most"
Kevin Drum

Facebook and Instagram decide that abortion is too icky

2 years 2 months ago
Well fuck you, Mark Zuckerburg: Facebook and Instagram have begun promptly removing posts that offer abortion pills to women who may not be able to access them after a Supreme Court decision that stripped away constitutional protections for the procedure. ....Almost immediately, Facebook and Instagram began removing some of these posts, just as millions across ...continue reading "Facebook and Instagram decide that abortion is too icky"
Kevin Drum

Lunchtime Photo

2 years 2 months ago
It's time to tell you the final chapter of my drone story. The reason I got the drone is because height is the photographer's best friend. At ground level, the perspective is lousy and there are always things in the way: trees, buildings, power lines, and so forth. The best perspective, oddly, is often from ...continue reading "Lunchtime Photo"
Kevin Drum

Have progressives been pretty muted about abortion?

2 years 2 months ago
Over at National Review, Michael Brendan Dougherty says he's surprised that progressive anger over the Dobbs decision has been relatively modest: There were some loud marches through major cities over the weekend, but hardly the wave of riots, vandalism, and sacrilege promised by the group Jane’s Revenge. I think many of us prepared for our ...continue reading "Have progressives been pretty muted about abortion?"
Kevin Drum

California will vote on abortion in November

2 years 2 months ago
As usual, California leads the way: On Monday, the Democratic-controlled Legislature gave final approval to a measure that would put [abortion] before the state’s voters, in the latest countermeasure aimed at the U.S. Supreme Court’s decision to overturn Roe vs. Wade. Senate Constitutional Amendment 10 by Senate President Pro Tem Toni Atkins (D-San Diego) would, ...continue reading "California will vote on abortion in November"
Kevin Drum

Raw data: The economic response to the pandemic, US vs. Europe

2 years 2 months ago
The chart below shows core inflation for both the US and Europe: For the US I used the PCE price index excluding energy and food. For Europe I used Eurostat's HICP index excluding energy and unprocessed food. Since these are core inflation rates, they are unaffected by differences in oil spikes, Ukrainian food blockades, and ...continue reading "Raw data: The economic response to the pandemic, US vs. Europe"
Kevin Drum