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Share to Twitter Share to Linkedin Speaking in Boston earlier this month , President Biden insisted that the United States can "end cancer as we know it and even cure cancers once and for all." His "Cancer Moonshot" aims to do just that. Among its many lofty goals, it seeks to halve cancer deaths in the next 25 years. But if the president wants to cure cancer, he and his Democratic allies have an odd way of showing it. In the last few weeks alone, progressives have advanced several policies that directly undermine the development of new cures and treatments for cancer and countless other deadly diseases. Look no further than the president's recent executive order on biotechnology, which he was in Boston to trumpet. The policy seeks to bolster America's biotech industry in part by shielding it from international competition. And according to the president, such protectionism is part and parcel of his Cancer Moonshot initiative. "[I]t's not … [Read more...] about Pay No Attention To Biden’s Biotech Bluster

Steve Keating (Reuters) (The Jakarta Post) PREMIUM Charlotte, North Carolina, United States   ● Tue, September 27 2022 The United States was forced to work harder than expected to earn a ninth consecutive Presidents Cup on Sunday, taking down a scrappy International team that vowed to fight until the final bell. Robbed of top players who defected to the Saudi-backed LIV Golf Series, the depleted Internationals were expected to be easy pickings for an American squad packed with nine players in the world's top 15. But the biennial showdown was far from the blowout predicted ending in a respectable 17-1/2 to 12-1/2 scoreline. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for … [Read more...] about US wins Presidents Cup as Internationals fight

Josh Smith (Reuters) (The Jakarta Post) PREMIUM Seoul   ● Tue, September 27 2022 Tensions over Taiwan have raised the thorny issue of whether United States troops based in South Korea would be involved in any conflict, with American and South Korean officials acknowledging that the peninsula could easily be dragged into a crisis. South Korean President Yoon Suk-yeol told CNN in an interview aired on Sunday that his country was keen to work with the US to “expand freedom” but that in a conflict over Taiwan, North Korea would be more likely to stage a provocation and that the alliance should focus on that first. North Korea has a mutual defense treaty with China and military analysts suggest it could coordinate with Beijing or take advantage of a crisis to pursue its own military goals. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no … [Read more...] about Home to US troops, South Korea unlikely to avoid Taiwan spat

Tom Balmforth (Reuters) (The Jakarta Post) PREMIUM Kyiv   ● Tue, September 27 2022 The United States warned on Sunday of "catastrophic consequences" if Moscow uses nuclear weapons in Ukraine, after Russia's foreign minister said regions holding widely criticized referendums would get full protection if annexed by Moscow. Votes were staged for a third day in four eastern Ukrainian regions, aimed at annexing territory Russia has taken by force. The Russian parliament could move to formalize the annexation within days. By incorporating the areas of Luhansk, Donetsk, Kherson and Zaporizhzhia into Russia, Moscow could portray efforts to retake them as attacks on Russia itself, a warning to Kyiv and its Western allies. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription … [Read more...] about US warns of consequences if Russia uses nuclear weapons in Ukraine

Share to Twitter Share to Linkedin Manchester United remain interested in signing the Dutch international winger Cody Gakpo from PSV Eindhoven in the next twelve months. The Old Trafford club tracked the 23-year-old player throughout last summer before ultimately deciding to shelve their interest until a future transfer window. United spoke to Gakpo, and got as close as agreeing personal terms towards the end of the transfer window but never made a formal bid to PSV Eindhoven. Earlier this month PSV’s Chief executive officer Marcel Brands admitted, “Cody had a difficult preparation with us because he has spoken with Manchester United. They didn’t come until mid-August and it didn’t go through.” There was a fleeting belief within United that they could sign both Gakpo and Antony during the summer window before the price for the Brazilian kept rising. When United thought they could sign Antony for £50 million there would still have been funds left … [Read more...] about Cody Gakpo Remains A Leading Target For Manchester United

Share to Twitter Share to Linkedin Founded in 2012 by Jessica Alba, Honest is the go-to clean, conscious lifestyle brand selling personal care, beauty, baby and household products. While the brand initially started as an e-commerce-only business, it has since expanded into 43,000 retail locations across the United States, Canada and Europe. Ten years since its founding, I had the opportunity recently to sit down with Nick Vlahos, CEO, to discuss The Honest Company’s expansion plans to provide greater access to customers across the U.S. market. COVID’s impact on the beauty sector During COVID, when many non-essential retailers were shut down in the U.S. market, consumers had to turn to e-commerce and hybrid shopping models, like buying online and then picking up in-store. Vlahos said, “Only solid omnichannel beauty retailers, like The Honest Company, could meet digital demands during COVID, and now as customers are returning to stores, we can serve them there … [Read more...] about The Honest Company Expands Its Footprint To Reach More Customers

Share to Twitter Share to Linkedin Federal Reserve Chair Jerome Powell sternly reiterated his plan to battle inflation, warning last week that there won’t be a “ soft landing ” for the United States economy. Powell and the Fed’s decisions to repeatedly raise interest rates to tame inflation have drawn criticism from longtime market observers, including Fordham University Gabelli Business School professor James Lothian and Wharton professor Jeremy Siegel , who have seen decades of booms and busts. They and other economists have said the Fed’s policies will result in a recession and substantial job losses. Powell Is Not Bluffing Ever since the federal government bailed out the big investment banks during the great financial crisis, the Federal Reserve has kept interest rates low and enacted quantitative easing and other measures to stimulate the economy. Its actions have affected the stock market and economy. Since hedge fund managers and other … [Read more...] about How The Fed Is Going To Make Life Miserable

Tom Westbrook (Reuters) (The Jakarta Post) PREMIUM Sydney, Australia   ● Tue, September 27 2022 Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in the United Kingdom's plan to borrow its way out of trouble, with spooked investors piling into United States dollars. The carnage was not confined to currencies, as concerns that high interest rates could hurt growth also knocked Asian shares to a two-year low, with demand-sensitive stocks such as Australia's miners and carmakers in Japan and Korea hit hard. S&P 500 futures ESc1 fell 0.8 percent and European futures STXEc1 fell 0.7 percent. Two-year Treasury yields broke above 4.3 percent to a new 15-year high. The euro hit a 20-year low. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no … [Read more...] about UK pound plunge latest omen as stocks slide

Share to Twitter Share to Linkedin Russia’s invasion of Ukraine and China’s increasingly bellicose rhetoric across the Asian Hemisphere have caused policymakers to realize that we cannot depend on these countries for materials critical to the U.S. economy, not to mention our national defense. To its credit, Congress has taken steps to ameliorate this vulnerability. For instance, last month it passed the CHIPS Act , which calls for spending billions of dollars to encourage chip makers to construct new plants in the United States. The Biden Administration has also moved to ensure that the U.S. becomes less reliant on the importation of strategic minerals like titanium , uranium , and lithium , among others, from geopolitically unreliable countries. However, one vulnerability that the CHIPS Act could have done more to address is some that is becoming increasingly critical in the high-tech economy: The technology needed to build out our 5G … [Read more...] about Boosting Domestic Production Of 5G Technology Is Important To Ensure Long Run U.S. Economic Primacy

Share to Twitter Share to Linkedin The club of U.S. central bankers appears jittery, but it’s not because of interest rates, unemployment, or mortgage-backed securities.  It’s because of Congress. The Fed appears particularly nervous that Congress will pass Rand Paul’s audit bill and some version of the Federal Reserve Accountability and Transparency Act (the FRAT Act). Alan Blinder, a former vice chair at the Fed, recently took to the pages of the Wall Street Journal to blast the idea of restricting the Fed with, among other things, the FRAT Act. Richard Fisher and Charles Plosser, presidents of Federal Reserve District Banks in Dallas and Philadelphia, respectively, criticized the audit idea in an interview with The Hill last week . Plosser noted that the Fed is already subject to limited audits. He also warned that Paul’s audit bill “runs the risk of monetary policy decisions being based on short-term political considerations instead of the … [Read more...] about The Fed Is Nervous, And Maybe That’s A Good Thing