WASHINGTON – President Obama wants to support pioneering medical research. Hence his proposal to invest hundreds of millions of dollars in what is called now “precision medicine”. The idea is that by creating a detailed map of a person’s genetic make up it is possible to spot variants/abnormalities that become predictors of certain diseases.
WASHINGTON – The White House communications and policy teams are not in luck. Not too long ago they told the President to use Yemen as a good example of how America is successfully conducting a muscular campaign against terrorists. The trouble is that literally a few days later, out of nowhere, here comes a Shiite insurrection in […]
WASHINGTON – Well known Wall Street financier Steven Rattner stated the obvious about Europe’s lack of competitiveness and what to do about it in a NYT op-ed (Europe’s Anti-Business Stance, January 29, 2015). Europe’s problem, he says, is not about making the right choice between “stimulus” and “austerity”.
WASHINGTON – It looks totally implausible, but China is facing the real danger of a declining population. Yes, with 1, 355 billion people, China is the most populous country on earth. But the demographic trends indicates decline. With an average of 1.55 children per woman, China is well below “replacement level”. This means that slowly […]
WASHINGTON – After decades of denials, at least the Chinese authorities now recognize that they have a huge environmental problem that in some regions and large cities has reached catastrophic proportions. 30 years of wild industrial growth, with practically zero environmental safeguards, have created a nightmare. No doubt the Chinese economy has grown, incredibly so. No […]
WASHINGTON – As expected, Alexis Tsipras and his Leftist Syriza party won the Greek elections for a new parliament. After having struck a coalition agreement with the much smaller Independent Greeks (Anel) party, Syriza has a clear majority. Tsipras is now the new Prime Minister.
WASHINGTON – After the historic defeat suffered by the Democrats in the mid-term elections, President Obama has given no sign that he understands that the political climate has changed. On the contrary, he engaged almost enthusiastically in unilateral actions, (de facto amnesty to millions of illegal immigrants), while pushing a rather partisan agenda in his January 20 State of […]
WASHINGTON – There is an almost unquestioned belief that America is the land of entrepreneurs. This is “start-up” country. Anybody with a good idea, if armed with enthusiasm and persistence, is likely to get results. The assumption is that America loves young people going into business. The system helps. It is easy to get started. […]
WASHINGTON – Here we go. European Central Bank (ECB) President Mario Draghi launched his own version of QE, or “Quantitative Easing”. The goal of a rather large bond buying program (about 60 billion Euro or $ 68 billion a month) is to lower interest rates, spur more lending and energize the semi-comatose Eurozone economies, (Germany and a […]
WASHINGTON – It is an open secret that Saudi Arabia and other Gulf countries have been funding religious schools and militant religious groups in Pakistan. It is however unusual for Pakistani officials to make any specific references to this flow of money to armed groups that end up destabilizing this seriously challenged country and its […]