Recent Posts

Did the stock buybacks hurt the US economy?

The debate about stock buybacks — the practice of companies buying their own shares — goes to the heart of modern capitalism. What should companies do with the profits they earn? Should firms distribute these often colossal sums to the underlying shareholders? Or should they plow their earnings back into the company to develop new products and technologies that sustain ...

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Winter is coming for Boris Johnson

Winter is coming, but which one? UK Prime Minister Boris Johnson acknowledged last week that there are two possible scenarios: a mild season on the coronavirus front or a viral blizzard. He’d like Britons to start investing, spending and moving around as if the end of 2020 will be benign. He has promised that the government will, however, be ready ...

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Undermining the US CDC puts lives at risk

I n the midst of a devastating pandemic, President Donald Trump is destroying the CDC’s ability to discharge its most vital responsibility: to maintain active surveillance of diseases by gathering, analysing and reporting data. Even by this president’s low standards, this is unconscionable. With Covid-19 surging out of control and healthcare workers in many states struggling to keep up with ...

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