Tag Archives: transitional

That’s It For Today

Mother Jones

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This is my last post for the day. Starting in a few minutes we’ll be replacing the guts of our website with something newer and better than what we have now, and no one at MoJo is allowed to edit the site until we’re done. That will be Tuesday morning according to our tech boffins.

I fully expect everything to go flawlessly during this conversion, because that’s how things usually go with computers. Right? Still, there’s an outside chance of something going wrong, which might mean I don’t show up for blogging duty on Tuesday. If that happens, don’t panic. Leave that to us professionals. We’ll get it all sorted.

In the meantime, I have important robot research to do and even more important vacation planning to do. See you Tuesday.

Source – 

That’s It For Today

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Chart of the Day: Health Care Spending as a Percentage of GDP

Mother Jones

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This is apropos of nothing in particular. I was over at the World Bank site fiddling around with some stuff and happened to look at their chart for health care spending. There’s a good case to be made that as GDP rises, the share devoted to health care also rises. This is because richer countries have more “spare” income and health care is what they spend it on.

But Sweden and Switzerland have per-capita GDPs as high as ours, and they still spend a whole lot less. The sooner we start reining in the growth of health care spending the better.

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Chart of the Day: Health Care Spending as a Percentage of GDP

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Nobody Knows Anything, Washington DC Edition

Mother Jones

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From President Trump’s press office:

From President Trump’s budget chief:

Tomorrow’s headline: EPA chief says “protecting the environment” not the “primary aim of this agency.”

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Nobody Knows Anything, Washington DC Edition

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Friday Cat Blogging – 2 June 2017

Mother Jones

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Hopper can stand up on her hind legs pretty much forever if she has a mind to. She has a very fine sense of balance. In today’s picture, she’s putting this skill to work hunting a bug—which you can’t see because you don’t have cat eyes.1 Unfortunately for Hopper, cat eyes aren’t enough. She could see it, but she still couldn’t catch it.

1But nothing escapes the camera’s eye! Look closely, and you can see the bug just to the right of the light lavender flower about an inch from Hopper’s nose.

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Friday Cat Blogging – 2 June 2017

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Los Straitjackets’ New Album Is Goofy and Sparkling

Mother Jones

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Los Straitjackets
What’s So Funny About Peace, Love and Los Straitjackets
Yep Roc

Courtesey of Yep Roc Music Group

Garbed in Mexican wrestling masks and specializing in surf guitar instrumentals, Los Straitjackets have refused to take themselves seriously since their mid-’90s debut album—at least on one level. In reality, these accomplished and tasteful players have repeatedly shown that it’s possible to invest a nostalgic, seemingly outdated style with a range of moods, from tender intimacy to rowdy exuberance. The bracing What’s So Funny About Peace, Love and Los Straitjackets is devoted entirely to songs written or co-written by the great Nick Lowe, their recent tourmate and a stellar songsmith since Britain’s pub rock days of the ’70s. Though Lowe’s probably best known for his lyrics, which can be either heartrending or smart-alecky, Los Straitjackets’ snappy versions of “Lately I’ve Let Things Slide” and, of course, “(What’s So Funny ‘Bout) Peace Love and Understanding” make a strong case for him as a gifted melodist too. This sparkling set is good fun from first note to last, and hopefully the harbinger of a full-fledged collaboration.

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Los Straitjackets’ New Album Is Goofy and Sparkling

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Camera Collection Update

Mother Jones

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I have a new camera, so that means I need to update my camera gallery. This time I took a family photo, and then practiced my Photoshop skillz by erasing the background so they all look like they’re floating in air. I’m really bad at this kind of thing because I can’t draw a straight line with a mouse to save my life. So it was good practice even if it was kind of tedious.

Anyway, here it is: 80 years of Drum family cameras. More details in this old post if you’re curious about them.

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Camera Collection Update

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Trump Tweets Get Ever More Divorced From Reality

Mother Jones

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Donald Trump has a long history of tweeting nonsense, but this might be his most unbelievable tweet ever:

Uh huh. I’ll bet he’s going to dive right into that report. He lives for this kind of bedside reading.

In other news, you can ignore all that Kushner stuff you’ve been reading about. The Times and the Post are just inventing it. “It is very possible that those sources don’t exist but are made up by fake news writers,” Trump says. I’m glad he’s finally put this to rest.

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Trump Tweets Get Ever More Divorced From Reality

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Corporate America Is Doing Great

Mother Jones

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If you’re wondering why the stock market is doing so well lately, here’s the answer:

Earnings at U.S. companies grew at the fastest pace in nearly six years in the first quarter, the latest boon to a bull market that has stretched into its ninth year.

With nearly all companies in the S&P 500 having reported results, aggregate earnings for the first quarter are on track to grow 13.6% from the year-earlier period….Beyond the jump in growth, many investors have been encouraged by signs that the quality of the results is improving. That contrasts with recent years, when investors worried that corporate share buybacks and ultralow interest rates were juicing stock gains in the absence of business improvement.

It’s not Trumpmania, it’s just old-fashioned earnings growth. More people are buying stuff and companies are making more money. It’s simple.

How long will this last? I don’t know any more than anyone else, but my guess is that the current expansion has another year to go. I’m starting to see signs of an economy that’s getting a little too exuberant, and I suspect that 2018 is going to be a mild recession year. Please note that this prediction is worth every cent you paid for it.

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Corporate America Is Doing Great

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Health Care Systems Are Expensive. Deal With It.

Mother Jones

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How much would a single-payer universal health care system cost in the United States? You don’t need to do anything very complicated to get a ballpark figure. Here’s the arithmetic:

Total spending on health care in the US is $3.2 trillion
Of that, $1.5 trillion is already funded by federal and state programs. That leaves additional required spending of $1.7 trillion.
A universal system will still require some copays and other out-of pocket expenses. Figure $200 billion or so. That leaves $1.5 trillion

So that’s it. A universal health care system in the US would require about $1.5 trillion in additional government spending. If you want to make heroic assumptions about how much a single-payer would save, go ahead. But nobody serious is going to buy it. If we’re lucky, a good single-payer system would slow the growth of health care costs over the long term, but it’s vanishingly unlikely to actually cut current costs.

There was a lot of surprise today about an estimate that a single-payer plan for California would have a net additional cost of about $200 billion. But California has 12 percent of the nation’s population, and 12 percent of $1.5 trillion is $180 billion. So that estimate is right in the ballpark of what you should expect. Short of some kind of legislative miracle, there’s really no way around this. Health care is expensive.

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Health Care Systems Are Expensive. Deal With It.

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Trump Sets New Bar for Presidential Success

Mother Jones

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By the way, Donald Trump is getting good marks for today’s speech in Saudi Arabia because he managed to recite it adequately off the teleprompter and didn’t veer off topic into any of the usual Trump idiocy.

Seriously. This is what the coverage is like. Apparently that’s all we expect from a president these days.1

One other note: I’m not sure how many people have noticed this, but Trump has a long history of talking big when he’s on a stage or on TV but backing down when he meets people face-to-face. It’s already happened with China, Japan, Mexico, Germany, and a host of others. Now it’s happening with Saudi Arabia, which seems to have Trump practically in thrall. This should come as no surprise to anyone.

1Of course, the last time this happened was Trump’s state-of-the-union address, and he managed to bollox that up within two days. I won’t be surprised if he does the same this time.

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Trump Sets New Bar for Presidential Success

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