The market basket approach they use looks at the mix of goods and services people buy. So yes, it captures the fact that housing is more of a typical person’s budget than milk.
It’s describing an average. There are definitely subgroups doing both better and worse
Yes, but it’s included in the proportion to which you buy those things. So if you’re spending a lot less on other things, but more on housing, it’s a wash for your overall expenses. The point is that compared with overall expenses, wages went up more.
The point of the inflation index is that it includes the same basket of things that people buy — including housing. There are some specific ways in which the official numbers can lag peoples’ experience (eg: how owners-equivalent rent is handled) but what you’re doing is suggesting something terrible, but not actually providing any real evidence for it.
U-6 looks at those kinds of underemployment numbers, and is doing pretty well:
This doesn’t mean it’s perfect, or everybody is now a sudden billionaire. It does mean that it’s within the range of “pretty much ok for most people”
They didn’t — what they did was raise a bunch of red herring type issues.
There are a ton of measures of unemployment which try to capture the kinds of thing they’re talking about, and they show similar imporvements.
There’s always risk in life, and the world isn’t some perfect place. The point is that it’s actually improved recently, by any measure you might use.
That’s what adjusting for inflation is.
They’re fracking, but in granite, rather than in an oil and gas deposit. So you shouldn’t see the same kinds of hydrocarbon releases and contamination that go with fracking for oil and gas, or the same huge production of contaminated wastewater that needs to be disposed of.
A lot of boreal forest does need low-intensity fire. This spaces trees out and prevents fuel accumulation so that the trees largely survive.
If you let things go, you end up killing all the seeds in the soil when an intense fire comes through, and depending on whether the local microclimate has changed, and what seed sources are actually available, you can end up with a very different plant community.
If you want to keep that from happening, it takes regular application of thinning and prescribed burns.
Yeah he has some serious issues with coherence. But I’m paying a lot of attention to climate, so I notice it more on that issue than others.
The existing large-scale batteries are largely lithium. There are a bunch of iron-chemistry ones and sodium-ion ones which have been deployed over the past year, with factories going up to scale them up. I’m not expecting to be limited by lithium availability for stationary batteries.
Pretty much, unless we’re able to substantially alter the makeup of the Supreme Court.
They’re talking about 5+ years on the new nuclear in these. And they haven’t done it before, so a 30% deadline slip is realistic.
You can put up a lot of wind and solar in that time.
There’s a detailed article about that — Georgia doesn’t have a law requiring that the ballot be counted, so there may be some level of discretion for election officials to toss it.
Apparently, smaller animals make smaller pieces.
Mostly:
So it has the feel of a plan to promise to spend a lot of money several years from now, and get a lot of PR points today, and quietly cancel the project later.
It probably takes more than that; for example, when whale oil become uncompetitive for lighting because kerosene was cheaper, the whalers started turning it into margarine.
I agree that housing went up more than other parts of the market basket, and that we should build enough to force it down — indeed per your link rent is in fact slowly falling at this point.