What Happened To Productivity?

Inflation is running rampant and no one in DC will do a goddamn thing about it…..the latest numbers tell the tale…..

The consumer price index for June is worse than expected—and what was expected was bad. The CPI was up 9.1% year-over-year in June, above economists’ prediction of 8.8%. Even that estimate was worse than May’s 8.6%. The last time inflation was this high was in November 1981, reports MarketWatch. The so-called core CPI, which takes volatile food and energy prices out of the equation, was up 5.9%, slightly higher than the 5.7% estimate. The AP observes the reports “likely seal[s] the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.” Dow futures were down 300 points on the news.

“A higher inflation rate … will put more pressure on the Fed to increase the interest rate more than expected, and that increases the possibility that the US is going to enter a recession,” University of Cincinnati economist Hernan Moscoso Boedo told ABC News prior to the CPI data being released.

The Wall Street Journal reports gasoline prices surged more than other categories, with an 11.2% gain over May. Some economists are hoping we’re at or near an inflation peak: Gas prices, for instance, were at $5 a gallon in mid-June but were down to a $4.66 nationwide average Tuesday—”still far higher than a year ago but a drop that could help slow inflation for July and possibly August,” per the AP.

They say (whoever the Hell ‘they’ are) that productivity is a better indication of the health of an economy than jobs (which is the focus of any economic report)….

We all are suffering from the creeping inflation that is plaguing this country…..and the best our government can do is try to protect profits for the oligarchs that control everything.I suggested that Biden consider price controls to give our citizens a break from the crushing inflation…..I was scolded for such a idea because it would make our national productivity suffer…..and yet without this ‘control’ it is already down…..

June’s employment report surprised most analysts, as US businesses added 372,000 jobs, way above expectations. The strong numbers dampened talk of impending recession, but what do they say about the strength of the economy overall? By themselves, they don’t really say much, according to New York Timeseconomics columnist Peter Coy. To get a truer sense of what’s happening—and what the future may hold—Coy says to pay attention to productivity, defined by the BLS as output per hour worked. That number shrank in the first quarter at a surprising 7.3% annual rate and is “on track for one of its worst 12-month performances” since 1947, Coy writes. That means GDP isn’t growing despite strong hiring.

The pandemic has a lot to do with it, but not for reasons most people might have expected in 2020. Back then, the economy experienced a productivity surge, which many analysts chalked up to deployment of new technologies to accommodate a homebound workforce. But it turns out 2020’s labor output was skewed by a change in the mix of workers, as lower-skilled, lower-paid workers were laid off but skilled workers remained.

Low-skilled workers are in high demand now, forcing companies to hire “less productive workers that in normal circumstances would not be active,” and output is inevitably falling as a result. Increased hiring and decreased productivity tend to signal that “businesses’ costs are rising and profits are getting squeezed,” and that scenario tends to end with layoffs.

Read the whole column here.

Lots of excuses of why this is……excuses does not help the situation…..many blame the output of the workers….why?  Workers only produce what they are told to produce…..

I still think that some sort of price controls would help me and my fellow Americans that are struggling with the situation these days.

I Read, I Write, You Know

“lego ergo scribo”


News From Ukraine


You remember that , right?

That was the major crisis just 3 crises ago…….or to put in simpler terms that was the crisis just 4 short months ago.

There is still news coming out of the region but not on nightly news…..

First of all One American that was captured by the Russians has made a statement….

One of two US fighters captured in Ukraine says he’s “doing fine” despite facing possible execution. Alexander Drueke, a US Army veteran from Alabama, spoke with his mother in a Friday phone call shared with the Washington Post by his family. It was their fifth call since Drueke and fellow Alabama resident Andy Tai Huynh were captured by Russian forces near Kharkiv on June 9. “I’m doing fine. No real danger currently,” Drueke—held in the self-proclaimed, Russian-backed Donetsk People’s Republic in eastern Ukraine—told his mother, Lois. He said he had seen Huynh during a meeting with a lawyer on Thursday—Huynh has yet to speak with family or US officials, according to his fiancee—but otherwise remained in solitary confinement.

Drueke described the challenges of living in a confined space, such as “finding little things to think about, just, you know, [to] fill in the boredom,” in the phone call that lasted over four minutes. His mother has described previous calls as scripted, noting her son was “clearly reciting some things he had been made to practice or read,” per Tuscaloosa News. He also claimed he regretted his actions in a June 28 conversation with a blogger who’d previously spoken with Aiden Aslin, a British soldier sentenced to death in Donetsk. “I did not have a full understanding of what was going on” and would tell others to “look at sources outside of the West—be better informed,” Drueke said, per AL.com, which noted he may not have been speaking freely.

In this call, Drueke said he’d been in contact with a State Department official who did not convey “any concrete news.” His mother said a State Department case worker had told the family that “they were meeting with ambassadors and teams from Ukraine and also from the UK to discuss the British prisoners and all of y’all, and you and Andy were on the agenda.” She added, “It just might be awhile.” The State Department has only said publicly that it is in touch with family and “Ukrainian and Russian authorities” regarding the detainees. But Drueke’s aunt, Dianna Shaw, tells the Post that officials are working to include Drueke and Huynh on a list of prisoners for potential action. A third American, Grady Kurpasi, last seen in Ukraine in April, is feared captured or killed, per the Post.

Sorry no sympathy from me….he should have known what he was getting into….

I see Biden is planning even more aid to Ukraine…..more multi-million dollars worth…..now I ask why?

I have written about the PR blitz that Ukraine has put on using lobbyists to make their case and in turn get more cash…..

Ukraine has unleashed an incredible influence campaign in Washington. There’s a lag to the filing of lobbying disclosures. But even in the lead-up to the war last year, Ukraine’s lobbyists made more than 10,000 contacts with Congress, think tanks, and journalists. That’s higher than the well-funded lobbyists of Saudi Arabia, and experts on foreign lobbying told Vox they expect that this year’s number will grow much higher.

This spring, I’ve been invited to an elegant dinner with a parliamentary delegation and morning briefings (no breakfast, just coffee) at think tanks with Ukraine’s chief negotiator with Russia. Foreign policy reporters in DC have been inundated with requests. A journalist from another outlet, who asked for anonymity to be blunt, concurred: It’s been “a nonstop cycle” of Ukrainian visitors in Washington, they told me, “And think tanks that have basically become lobbyists but with a nonprofit status.”


And you thought this was about democracy….it is about the money….only!

Just what is the national interest to pour much needed funds into this country and conflict?

I see NO national interests!

SOMEBODY HAS to say it: the war in Ukraine does not materially affect the permanent national interests of the United States or the geopolitical landscape in which we advance those interests. This conclusion—for good or bad or anywhere in-between—shouldn’t significantly impact the future of U.S. foreign policy. The war may tug on our heartstrings for sure, but it should not dissuade us from making the necessary changes to our grand strategy that position our country for long-run success, like our recent withdrawal from Afghanistan. These changes include increasing our focus on China as our most important strategic competitor, extricating ourselves from Europe and the Middle East, and emphasizing domestic renewal over ostensible altruism abroad.

However, there are important lessons for the future of U.S. foreign policy that can be learned from the conflict, especially regarding the offense-defense balance and Russia’s revealed conventional capability. But these aren’t the ones that you’ll hear from the foreign policy establishment, which will always spin positive outcomes or trouble overseas as reasons to redouble our commitment to the primacist status quo they favor.

Heads, I win; tails, you lose.

Ordinary Americans can be forgiven for thinking Ukraine must be especially meaningful for U.S. foreign policy. As the war unfolded, they could see red ink signifying Russian forces spreading across the map of Ukraine as Vladimir Putin’s aggression threatened Kyiv and other parts of the country. Prompted by hawkish commentators, they worried about whether Russia would stop at the western border. Daily, they were treated to intense battlefield videos of the most devastating war in Europe since World War II, some showing the cruelty of Russian soldiers while others the heroism of Ukrainian patriots.


There are NO core national interests at stake in Ukraine…if that is true why do we keep throwing good money after bad?

Best answer that I have is…..to keep the profits flowing to those that make the most donations to those criminals we call a Congress.

This conflict ends to end or the US needs to walk away and let those most effected by the conflict take over….that means Europe.

You are now caught up…..well as caught up as it gets these days…..

I Read, I Write, You Know

“lego ergo scribo”