A recession is a normal part of the business cycle that generally occurs when GDP contracts for at least two quarters. We are halfway there. U.S. gross domestic product fell at a 4.8 percent annual rate in the first quarter of the year, the worst quarterly contraction since 2008, when the country was in a deep recession (most of … Read more
It seems Republican legislators have divided into warring camps and are fighting amongst each other, and with the governor. The Arizona Capitol Times reports, A majority under pressure reveals legislative fissures: Early the morning of May 7, a Thursday, a motley crew of senior Senate Republicans and their Democratic counterparts, disregarding a chorus of conflicting … Read more
Frank Rich has a summary of the week’s news at New York Magazine. He succinctly ties together a number of related topics that I simply do not have the time to cover in full. I was particularly impressed with this analysis. MAGA vs. COVID: In the face of a climbing death toll and against warnings from some of … Read more
The Arizona Republic reports, State health department tells university COVID-19 modeling team to stop work, limits data access: The Arizona Department of Health Services told a team of university experts working on COVID-19 modeling to “pause” its work, an email from a department leader shows. The modeling team of about two dozen professors at Arizona … Read more
I’m not sure whether Donald Trump is more Baghdad Bob, denying that there were any American tanks in Baghdad when they could be seen only several hundred meters away from the press conference where he was speaking, or George W. Bush staging his flight deck “mission accomplished” PR stunt after the initial invasion of Iraq, … Read more