FREE WHITEWATER

Employment

Daily Bread for 2.23.22: Ron Johnson’s Lazy Job on Jobs

Good morning. Wednesday in Whitewater will be partly sunny with a high of 22.  Sunrise is 6:38 AM and sunset 5:37 PM for 10h 59m 15s of daytime.  The moon is a waning gibbous with 54% of its visible disk illuminated. Whitewater’s Park Board meets at 5:30 PM, and the city’s Community Involvement Commission meets at…

Daily Bread for 11.12.21: UW-Madison Charts the Right Course on Vaccination

Good morning. Friday in Whitewater will see scattered of showers of rain or snow with a high of 39.  Sunrise is 6:44 AM and sunset 4:33 PM for 9h 49m 20s of daytime.  The moon is a waxing gibbous with 60.3% of its visible disk illuminated.  On this day, in 1970, the Oregon Highway Commission decides…

Daily Bread for 10.20.21: Ending ICE Raids at Workplaces

Good morning. Wednesday in Whitewater will be partly sunny with a high of 70.  Sunrise is 7:15 AM and sunset 6:03 PM for 10h 47m 42s of daytime.  The moon is full with 100% of its visible disk illuminated.  On this day in 1803, the United States Senate ratifies (24-7) the Louisiana Purchase. Free markets include markets…

Daily Bread for 8.15.21: The ‘Personal Responsibility’ Crowd Wants a Handout

Good morning. Sunday in Whitewater will be sunny with a high of 81. Sunrise is 6:02 AM and sunset 7:55 PM, for 13h 53m 13s of daytime.  The moon is a waxing crescent with 48.4% of its visible disk illuminated.  On this day in 1944, Allied forces land in southern France in Operation Dragoon. Molly Beck reports…

No Shirt, No Shoes? No Service

The conservative populists talk endlessly about the dangers of socialism (however poorly they grasp the term), but truthfully they’re happy with government mandates or prohibitions that advance their own preferences. Some private employers want to require masks, and others want to require vaccinations, but these right-wing interventionists now screech that private businesses should not be…

Unemployment Imagined and Real

National unemployment figures have been undercounting the true number of those unemployed. Rachel Siegel reports Fed chair: Unemployment rate was closer to 10 percent, not 6.3 percent, in January: Federal Reserve Chair Jerome H. Powell said Wednesday that the unemployment rate in January was “close to 10 percent,” significantly higher than the 6.3 percent rate…

That’s Not a Recovery: Millions Slip into Poverty & Unemployment Claims Rise

That a rush to re-open would lead to an economic rebound was always doubtful (no economic fix without a pandemic fix), but the data are clear that America is experiencing no national ‘recovery.’ Jason DeParle reports 8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up: After an ambitious expansion of…

Federal Reserve Chair Powell’s Interview on Economic Recovery

Last night, 60 Minutes broadcast an interview with Federal Reserve Chairman Jerome Powell in which Powell discussed current economic conditions and prospects for recovery. (Powell sat for the interview on Wednesday, 5.13.20 with Scott Pelley of CBS News.)  The interview is available online, as is a transcript. Below are excerpts from the transcript (although Powell’s…

Again – Consumer Sentiment

A story from the Wall Street Journal reminds that ‘re-opening’ is futile without broad-based consumer demand. Austen Hufford and Bob Tita report Factories Close for Good as Coronavirus Cuts Demand (‘Some manufacturers that furloughed employees during lockdowns say plants won’t reopen’): Factory furloughs across the U.S. are becoming permanent closings, a sign of the heavy damage…

Aside

Low unemployment isn’t worth much if the jobs barely pay: Martha Ross and Nicole Bateman highlight one of the failures of public subsidies for businesses in places like Whitewater — Low unemployment isn’t worth much if the jobs barely pay (article linked in today’s Daily Bread post). Subsidized job-creation in those circumstances is more political point than practical achievement.