Author: EconLearner
Imports of plasma, vaccines and blood fractions, single-dose drugs and insulin, hormones and steroids are the sixth, seventh and 10th most valuable imports this year, topping $140 billion, according to the latest US Census Bureau data, available only through July due to the government shutdown.ustradenumbers.comA freight transport integrator hopes it has a solution to a A $35 billion problem in the fast-growing business of exporting and importing temperature-sensitive pharmaceuticals – waste caused by a lack of temperature control from manufacture to end-use.Frontier Scientific Solutions last month began flying between Ireland, where nine of the 10 largest and best-known pharmaceuticals in…
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NEW YORK, NEW YORK – SEPTEMBER 15: New York City mayoral candidate Zohran Mamdani speaks as he joins striking members of Teamsters Local 210 outside the Perrigo Company on September 15, 2025 in New York City. Zohran, Assemblywoman Amanda Septimo and State Senator Rivera joined Teamsters Local 210 and 175 Perrigo workers who have been on strike since September 2 demanding fair wages, secure pension funding and protection from forced weekend work without overtime. (Photo by Michael M. Santiago/Getty Images)Getty ImagesZohran Mamdani is the favorite to become the next mayor of New York, a prominent position on the political landscape.…
As wildfires intensify, a new generation of artificial intelligence systems is learning to detect and fight flames before crews can respond.gettyThe fires stopped waiting for summer. Now they burn across entire regions year-round, fueled by heat, wind and drought. Each season brings new records: Greater casualties, greater evacuations, and entire cities wiped out in hours.In the first half of 2025 alone, global insured losses from natural disasters reached approx. 80 billion dollarsmuch of it from wildfires and severe storms, according to Reuters. Firefighters are battling burnout, insurers are pulling out of high-risk areas, and communities are being left scrambling for…
Economists were 1/50 of this group.Bettmann ArchiveI remember my economic history professor David S. Landes often talking about Joel Mokyr, who won the Nobel Prize in economics earlier this month. They must have been good friends. Professor Landes was hilarious and always made wry comments about the strange experiences he and his friends had in the profession. One remark had to do with how, during a trip to Germany, he had tricked his young daughter into believing, consequently, that their family was rich like the Rothschilds. Everything in the country, but also in Switzerland, had their name carved in stone…
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NEW YORK – JANUARY 9: Gold bars and coins are seen for sale at Manfra, Tordella and Brookes, Inc. January 9, 2003 in New York City. The price of gold has risen nearly 30 percent over the past year as investors seek stability as war with Iraq becomes more likely. (Photo by Mario Tama/Getty Images)Getty ImagesBuying gold means withdrawing resources from the wealth and information that create the private sector. This is because consumption is in most cases confirmation knownof exchanging access to resources (money) for existing wealth. The above is a friendly attempt to refute Ken Fisher claim that…
The nation’s health insurers have raised prices to boost profits while bracing for losses of customers who can’t afford more expensive coverage.gettyThe nation’s health insurers have raised Obamacare prices to boost profits while bracing for losses of customers who can’t afford more expensive coverage. American consumers this weekend began considering health insurance options for 2026 with open enrollment underway for individual coverage under the Affordable Care Act, also known as Obamacare. And what they’re seeing are big price increases from health insurers generally in the “20-25%,” range, according to an analysis of major publicly traded health insurers, though some are…
US Senator Rick Scott (R-FL) has reintroduced the Sunshine Protection Act in the Senate. (Photo by Anna Moneymaker/Getty Images)Getty ImagesHere’s a shocker, a bill that aims to address a long-standing issue has once again stalled in Congress. This time I’m talking about the latest iteration of the Sunshine Act, which would give states the power to make daylight saving time permanent year-round. This would mean that your Fall back next Sunday, November 2nd at 2am. it will someday become a thing of the past. The latest round of that bill seemed to have clearer skies ahead until it hit a…
Luxury houses are particularly vulnerable at these times because their identity is not only linked to the products but also to the personality and vision of the founder himself.“Luxury brands are based on a specific creative vision,” he says Gregory Carpenterprofessor of marketing at the Kellogg School and an expert on luxury brands.Armani explained this dependence, owning 99.9 percent of the company and continuing to insist, even close to his death at age 91, “As long as I’m here, I’m the boss.”Carpenter describes the challenges of succession in luxury brands.Why founders matter so muchUnlike mass-market companies such as Ford or…