June 23rd, 2020 at 9:33 pm
Image of the Day: Coronavirus Rolling Average Deaths Plummet
Perhaps this helpful rolling average graph from Eric Topol explains the curious shifting media focus to cases instead of actual deaths while the economy continues to reopen and improve. Not that we’re cynical.
Coronavirus Deaths Plummeting
June 10th, 2020 at 9:41 am
Image of the Day: Obama “Net Neutrality” Regulation Cut Private Investment, Reversal Under FCC Chairman Pai Restored It
As we’ve often noted, the Obama Administration’s zealous effort via its Federal Communications Commission (FCC) to regulate internet service as a “public utility” under the false label “Net Neutrality” was among its most egregious policy offenses. Conversely, President Trump’s appointment of Ajit Pai as FCC Chairman and the ensuing effort to repeal the Obama Administration’s regulation, thereby returning federal “light touch” regulatory policy that prevailed from 1996 – 2015 when the internet flourished like no innovation in human history, was among his administration’s wisest policy successes.
Specifically, we’ve highlighted how, following the Obama Administration’s “Net Neutrality” regulation effort, private broadband investment actually fell for the first time outside of a recession, but also how investment surged when Chairman Pai commenced reversal that foolish move, which this image captures nicely:
“Net Neutrality” Regulation Harmed Investment, Reversal Boosted It
“Net Neutrality” may be a fashionable crusade among latenight comedians and far-left activists, but Americans shouldn’t be fooled. Light regulation, not heavy-handed federal regulatory strangulation, benefits us all.
June 5th, 2020 at 9:46 am
Trump Bump: Record New Jobs Added in May, Unemployment Unexpectedly Plummets
Defying nearly universal economists’ expectations, it was just announced that the American economy added a record 2.5 million jobs last month, and the unemployment rate actually fell sharply to 13.3%. Surveyed economists had anticipated a loss of 8.3 million jobs, and a rise in unemployment to 19.5%. The Dow instantly shot up nearly 1,000 upon opening, and we’re nearly back to its pre-coronavirus record levels.
June 1st, 2020 at 10:23 am
Image of the Day: Private Pharma Investment Dwarfs Federal NIH Funding
There’s a destructive campaign underway to encourage government confiscation of patents from pharmaceutical innovators and dictate the price for Remdesivir and other drugs. That’s a terrible and counterproductive policy under any circumstance, but particularly now that private drug innovators are already hacking away at the coronavirus. In that vein, this helpful image illustrates the vast disparity between private investment and National Institutes of Health (NIH) funding that some seem to think justifies patent confiscation, price controls or other big-government schemes:
Private Investment Dwarfs NIH Funding
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