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Why is inflation down?

2 years 6 months ago
Inflation is down. But there are doubters about the cause: All it took for inflation to be transitory was 500bps of rate hikes and 7% mortgage rates. — Conor Sen (@conorsen) July 12, 2023 Oh come on. This really doesn't bear much scrutiny. Here's inflation: Even if you don't believe me when I say that ...continue reading "Why is inflation down?"
Kevin Drum

Rupert Murdoch hates incompetent bigotry

2 years 6 months ago
According to Rolling Stone, Rupert Murdoch is wavering in his support for Ron DeSantis: In recent weeks, the Murdochs have grown increasingly displeased with the DeSantis campaign’s perceived stumbles, lackluster polling, and inability to swiftly dethrone Trump....According to two of the sources, Murdoch has privately winced at DeSantis’ nonstop cultural-grievance strategy, arguing that it is ...continue reading "Rupert Murdoch hates incompetent bigotry"
Kevin Drum

Chart of the day: Headlines are getting more pessimistic

2 years 6 months ago
I don't know for sure how accurate this is, but it's certainly intriguing: This comes from David Rozado, who says he used ChatGPT to "automatically label a longitudinal sample of 1.7 million headlines from 12 popular U.S. news media outlets." If he's right, there was a big surge in pessimistic headlines in the late '60s ...continue reading "Chart of the day: Headlines are getting more pessimistic"
Kevin Drum

Missouri Supreme Court to decide if counties can appeal ruling striking down Covid orders

2 years 6 months ago
The Missouri Supreme Court heard arguments Wednesday focused on how former Attorney General Eric Schmitt handled a case that pronounced local health authorities’ efforts to mitigate the spread of Covid-19 “null and void” in 2021. Attorney Neal Perryman represented two counties and three health centers who argued Wednesday that they should have been able to intervene in the original Cole County case after the attorney general refused to file an appeal. Deputy Solicitor General Maria Lanahan…
Annelise Hanshaw

Alton Alderman Brake Resigns After 26 Years, New Alderman Sworn In

2 years 6 months ago
ALTON - After 26 years of serving on the Alton City Council, Fifth Ward Alderman Charles Brake officially resigned before a new alderman, John Meehan, was appointed in his place at the July 12 City Council meeting. Brake said he has been “honored to serve as the fifth ward alderman since 1997,” but submitted his resignation due to “health circumstances” that are beyond his control. Alton traditionally allows resigning aldermen to suggest their replacement to serve the remainder of their term; Brake recommended Meehan, who he said he’s known for many years and knows will “do an exceptional job for the citizens of the Fifth Ward and for the City of Alton.” Between rounds of applause and standing ovations, Brake made a few comments about his time on the council over the years. “It’s been a 26-year trip I’ve been in this chair, and it’s been 99.9% good because I’ve been associated with the people,” Brak

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