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

Biden was a complacent and ineffectual president

Did Biden think he (or Harris) was certain to win the election?  A competent executive knows that high priority initiatives need their constant attention to overcome bureaucratic resistance and infighting.  This is true in the private sector and in government.  Yet this is what we got from Biden: In the final year of President Joe […]

The most beautiful word in the dictionary

Trump has said that “tariff” is the most beautiful word in the dictionary. Last Friday, he announced his intention to shine that beauty on the American people. “Outside analyses make clear that Trump’s tariffs would hurt the voters that he intended to help, meaning that he might ultimately need to find a resolution. “An analysis […]

MAGA is coming for your paycheck

There are other forms of taxation besides income taxes. Tariffs are really just taxes on consumer goods. And deportations will drive up the prices of produce that’s left to rot in the fields. Call it a “deportation tax.” This link is from 16 January. “The impact of President-elect Donald Trump’s promise of mass deportation is […]

Distributive vs integrative bargaining and Trump

This is a seven year-old NPR interview with David Honig, an attorney and adjunct professor at Indiana University, where he teaches negotiations. While this discussion dates from the first Trump term, he’s obviously learned nothing about negotiation skills since then: “HONIG: It’s an interesting question. I reread “The Art Of The Deal” today in anticipation […]

The economics of Trump’s ego

“U.S. President Donald Trump’s military deportation flight to Guatemala on Monday likely cost at least $4,675 per migrant, according to data provided by U.S. and Guatemalan officials. “That is more than five times the $853 cost of a one-way first class ticket on American Airlines from El Paso, Texas, the departure point for the flight, […]

The Trump economic fantasy agenda

“Trump claims his policies will do just that, creating a new “golden age” that will lift most boats and more than make up for what people might lose in government largesse. Low taxes will trigger blowout growth; tariffs on imports will bring back millions of good-paying manufacturing jobs; unshackled workers aided by artificial intelligence will […]

We have no idea how bad things will get, but they could get very, very bad

Let’s do some pessimism. Trump has already made it clear that he does not recognize any legal limits on his behavior – no constitutional limits, and no statutory limits.  This is reflected in his effort to halt broad swaths of federal spending for 90 days (which violates both the constitution and the Impoundment Control Act […]

Trump is poisoning biomedical research in the US

The US has been an international leader in biomedical research for decades. Now, the Trump administration wants to blow that up. “The directive also brings the National Institutes of Health’s (NIH) lengthy scientific grant review process to a standstill. “All NIH study sections canceled indefinitely. This will halt science and devastate research budgets in universities,” […]

Shareholders agree with Corporate’s Recent Efforts

A large number of stockholders are supporting Costco’s most recent efforts. Costco shareholders on Thursday soundly rejected a conservative think tank’s proposal requesting a report on the risks of maintaining diversity and inclusion initiatives, even as other companies back down. Costco said that an “overwhelming margin” of 98% of shares voted against the measure, according to […]