More Oversight Won’t Help the US Baby Formula Market

Between September 2021 and February 2022, the Food and Drug Administration received complaints that infants became ill and perished after consuming powdered baby formula. These formulas were eventually traced back to a large manufacturer in Sturgis, Michigan. After a stern warning from the FDA, the plant shut down and issued significant recalls. Other producers quickly followed their lead.

Buttigieg Boosts New Marshall Plan—For Ukraine

“With the memory of the Marshall plan in mind, what we’re talking about is not only about how we fund immediate needs and support their ability to maintain the war effort, but how we support the ability of Ukraine to be economically viable and generate a sustainable future for themselves, even as they’re under attack.” That was Transportation Secretary and former presidential candidate Pete Buttigieg, in a recent interview with the Guardian. 

The FDA Should Stay Away from Laboratory Developed Tests

In healthcare, tests are our eyes into the body’s secretive operations. Whether being swabbed for COVID-19, tested for a genetic condition, taken a drug test, or undergoing routine blood work ordered by your doctor, you’ve likely used a laboratory developed test (LDT). About 70 percent of all medical decisions in the US are based on LDT results.

No More Excuses: Dollarize Argentina

Since the dismantling of the convertibility regime, the value of the Argentine peso has fallen from one US dollar to a tenth of a penny. Argentines have taken the hint, stockpiling an estimated $265 billion in dollar cash and foreign bank deposits and shunning the peso. A proposal by presidential contender Javier Milei to make the switch from pesos to dollars official would seem to be an obvious next step. 

Moody’s Puts U.S. Government’s Last AAA Credit Score in Jeopardy

On Friday, November 10, 2023, Moody’s Investors Service sent Washington, D.C.’s politicians and bureaucrats a clear warning. The credit rating service announced it was changing its outlook on its AAA credit rating for the U.S. government from “stable” to “negative.”

Total Interest on National Debt Approaching $1 Trillion

The total amount of interest the U.S. government pays on its public debt outstanding over the past year may have just crossed the one trillion-dollar mark.

From High-Flying Journeys to Grounded Reality: The House’s Bold Move on Buttigieg’s Salary

The House of Representatives has approved a measure to slash the $235,600 salary of Transportation Secretary Pete Buttigieg to one dollar. Taxpayers might wonder what could prompt the House to take such action.

Pandemic Boat Market Economics
Lockdowns created surge in boat buying

By now, many, if not most, people are aware of rising home prices nationwide since the COVID-19 Pandemic. These higher prices have pushed homeownership beyond the reach of many households. Many of the same factors that drove home prices up also seem to have affected the market for sail and motor boats as a surge in demand led to widespread purchases of “pandemic boats.”

Stop Mandatory Time Changes

Hundreds of millions of Americans suffer the effects of being forced to move the hands of their clocks back or forth by an hour every year. Daylight saving time ends in the wee hours of Sunday, November 6, except for the residents of Arizona, Hawaii, and the outlying U.S. territories, where people avoid the hassle by remaining on standard time year-round.

Biden’s New AI Executive Order Will Harm Consumers
Regulation inevitably stifles innovation.

Unsurprisingly, the Biden administration is trying to capitalize on the popularity of artificial intelligence (AI). First, with its AI Bill of Rights and now with an executive order establishing regulations on AI developers. It even comes with a website! How useful and convenient, right?

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