Yves here. Many have explained why big drug companies, despite wrapping themselves in the mantle of R&D, really are not much if at all in the innovation business. They have long spent more money on marketing than research. They also...
By Lambert Strether of Corrente. Vinnie Daniel: How come you don’t hate this guy? He is everything you taught us not to trust. Mark Baum: I can’t hate him. He is so transparent in his self interest that I kind...
For all private workers, as well as production and nonsupervisory: Figure 1: Wisconsin average hourly wages for all private sector workers, in 2017M12$ (blue), for production and nonsupervisory workers (tan). Uses CPI for East North Central/Midwest, seasonally adjusted by author...
By Lambert Strether of Corrente There will be plenty more about the exciting events in the Democrat Party. –lambert Bird Song of the Day Northern Mockingbird, Rocky Rill Farm; Farmyard, Whitfield, Georgia, United States. A reader asked for mockingbirds; here’s...
Biden has now officially withdrawn as the Democratic Party 2024 candidate, but intrigue is very much in play. Since Lambert will have much to say on this topic (and given the Sunday announcement, a lot more backstory and analysis is...
The press and policymakers have been calling out the fact that birth rates in advanced economies are falling even faster than demographers predicted. For instance, from a Lancet report in March based on “a global research effort led by the...
Japan’s growth miracle after World War II is well known but that was Japan’s second miracle. The first was perhaps even more miraculous. At the turn of the 19th century, under the Meiji Restoration, Japan transformed itself almost overnight from...
The drugs of the future are in the animals of the past Sequencer Mag Black Holes: Not Destroyers but Protectors SciTech Daily New tech that converts urine to water could finally ditch astronaut diapers ZME Science Climate/Environment Droughts, desertification, heatwaves:...
Conor here: The following piece from a professor of government at Hamilton College is an argument for taking away the privilege of voters getting to decide the Democrat candidate for president. Why not? The Democrat inner party already put its...
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