Relevant and even prescient commentary on news, politics and the economy.

Who is Scott Bessent?

Well, he’s Secretary of the Treasury under Trump. But what about the man, not the title? “Bessent, according to an interview in the Yale Alumni Magazine in 2015, never imagined he’d be able to get married as a gay man, and have children via surrogacy. It’s a comment that is quite jarring considering that, a […]

Would you buy a blood testing device from this guy?

Remember Theranos, the phony blood testing company fronted by made-for-TV wuderkind Elizabeth Holmes? “Elizabeth Holmes’s romantic partner – the father of her children – reportedly has raised millions of dollars to start up a new blood-testing company that is strikingly similar to the one that landed the Theranos founder in federal prison. “The fundraising comes […]

Trump’s flim-flam pharmaceuticals plan

Trump announced that he’ll sign an executive order today that will lower drug costs in the US. ““I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,” the president posted Sunday on his social media […]

The zoonotic origin of SARS-CoV-2

I’ll start by saying that science doesn’t deal in proof. Science draws provisional conclusions based on the weight of evidence. A scientific hypothesis is one that can be tested and potentially falsified by experiment. The hypothesis that the origin of SARS-CoV-2, the virus responsible for the COVID-19 pandemic, originated from a natural infection just gained […]

Trump’s China tariff gambit is failing

Trump slapped 145% tariffs on China, thinking it would hurt them more then it would hurt the US. Of course, trade is global, and so China’s exports surged in April as a result of a jump in shipments to Southeast Asia, offsetting the drop in outbound goods to the U.S. “China’s exports to the Association […]

Winning

“A drop in Canada-U.S. travel has led Calgary-based WestJet to cancel more flights south of the border. “The airline says it is suspending flights from Vancouver to Austin until October. “Flights to other destinations, including Orlando, Los Angeles and Chicago will also be halted at different times between June and August. “WestJet says it is […]

The price of Trump’s war on universities

For decades, the United States has been the world leader in scientific research. Even as China has been catching up, the US has managed to remain a magnet for scientists world-wide, and its universities are the most desirable destinations for undergrads and graduate students. Until now. “There are significant economic consequences to spiking medical research […]

Trump just raised taxes

As everyone should know, tariffs are just consumption taxes. Other countries don’t pay them. Importers don’t pay them. The extra cost is just added to the retail price. “As of 12:01 am ET on Saturday, most auto part imports will come with a 25% import tax. “The previous auto tariffs left US-made cars untouched. Not […]

Trump lies about trade

“As Trump passed the 100-day mark in office last week, the White House touted a growing list of more than 50 announcements by private companies since Jan. 20 to invest more than $5 trillion in the United States. Trump boasted about them Tuesday during an Oval Office meeting with the new Canadian prime minister. “The […]