August 1, 2018

Blumer’s Bandwidth Burn (080118)

Filed under: Business Moves,Economy,Lucid Links,Taxes & Government — Tom @ 6:02 am

Econ Tidbit

I didn’t pay attention to the number when it came out on Tuesday because it didn’t seem impressive. It really isn’t, but it is better than any other number in the past decade — which tells you a lot about the past decade’s economy.

What is it? Wage increases: “U.S. Workers Get Biggest Pay Increase in Nearly a Decade,” covering the 12 months which ended in June. Pay increased by 2.8 percent.

Considering inflation, a genuinely impressive result would have to be in the mid-3s.

Social Media Suppression Watch

Facebook would not approve the prolife campaign ad featured in today’s Positivity post, because “We don’t allow ads that contain shocking, disrespectful or sensational content, including ads that depict violence or threats of violence.”

This blatant intolerance of life-promoting messages is getting intolerable.

Media Bias and Ignorance Brief

At Twitchy: “So, NBC News’ Chuck Todd thinks The Daily Caller is a ‘troll farm’?”

Related, with elaboration, at NewsBusters: “NBC’s Chuck Todd, Dilanian Trash Daily Caller as Russian-Owned Pet, ‘Troll Farm’”

Twitchy separately posted about the saga of Ken Dilanian’s “shady journalistic practices.” it ultimately traces back to a story at The Intercept, which reported in 2014 that Dilanian, as “a prominent national security reporter for the Los Angeles Times routinely submitted drafts and detailed summaries of his stories to CIA press handlers prior to publication.”

And Dilanian calls the Daily Caller a “pet”? Bowwow, buddy.

Fact Check Folly

Politifact has evaluated President Trump’s utterly true statement that collusion is not a crime — a statement echoed by Alan Dershowitz, Andrew Napolitano, Rudy Giuliani, and others — as “Mostly False.”

Politifact’s Jon Greenberg arrived at his dishonest conclusion by redefining “collusion” as “the common use of the word collusion,” which “includes potentially illegal behavior,” even after admittiong Greenbergthat the word “collusion” only has direct legal application in antitrust law, which obviously is irrelevant here.

But he insists on falsely claiming that “a broader definition applies.” Dude, there may conceivably be crimes, but they don’t fit the definition of collusion — and you can’t change the dctionary to suit your whims.

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2 Comments

  1. Once again, Tom inexplicably talks down an impressive number, the 2.8.% job growth. Inflation has been stagnant or non-existent for years now, why even bring that tired old liberal talking point up?

    Comment by zf — August 1, 2018 @ 6:33 pm

  2. Hi zf.

    Inflation during the relevant 12 months was 2.87 percent (scroll to very bottom at link; 251.989 divided by 244.955):

    https://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/

    One could argue that a blip in gas prices has pushed that percentage up above “normal,” but not by much. Excluding food and energy, inflation during the same 12 months, according to BLS, was 2.3 percent.

    Though it’s an improvement, there’s still plenty of justification for not being all that impressed.

    Comment by Tom — August 1, 2018 @ 10:46 pm

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