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The ultimate lesson of James J. Hill and his Great Northern Railroad is that the “winners” government picks today are the “losers” of tomorrow. A famous saying, especially prescient in times like this, is “those who do not learn from history are doomed to repeat it.” Last month, Congress mortgaged the nation’s future in a …
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Former Food and Drug Administration commissioner Scott Gottlieb on Friday warned that the coronavirus would have been more deadly than the Spanish Flu if it had appeared in 1918. “I think [that] given the profile of this virus, it’s likely it would have been far more deadly than the Spanish flu” if the coronavirus had …
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Republican and Democratic U.S. senators will introduce legislation on Friday seeking to reaffirm the country’s commitment to global health amid the coronavirus crisis, including reestablishing a panel – similar to one disbanded by President Donald Trump – charged with preparing for pandemics. Republican Senator Mitt Romney and Democrat Chris Murphy will introduce a bill, seen …
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When thinking through the wisdom of COVID-19 lockdowns and orders, commentators often compare the value of lives saved against some loss of economic output (GDP) to determine whether the measure was cost‐effective. But this is an apples vs. oranges comparison. The value of a statistical life is some calculation of what the average U.S. citizen is …
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President Trump hammered the World Health Organization on Tuesday over its response to the coronavirus pandemic, accusing it of being partial to China and endangering countries by recommending borders be kept open. “The W.H.O. really blew it,” Trump wrote on Twitter. “For some reason, funded largely by the United States, yet very China centric. We …
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‘One World: Together at Home’ is a weirdly complacent name. There is a classic Simpsons episode in which young Bart falls down a well. Local celebrities, with the aid of guest star Sting, decide to band together to do something about it. Their magnificently useless contribution is to band together to perform a song in …
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Manchester City will not seek to use the government job retention scheme and furlough staff during the shutdown caused by the coronavirus pandemic, the Premier League club has told its employees. Several clubs, including Premier League leaders Liverpool and Tottenham Hotspur, have drawn fire for taking advantage of the government’s scheme which pays 80% of …
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Without additional structural reform, however, these changes will likely have little long-term impact. The sweeping halt of economic activity around the world has governments scrambling to provide adequate relief for vulnerable industries and people. But one silver lining is emerging from this economic freeze: carbon emissions are down. And scientists estimate that they could fall …
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National Institute of Allergy and Infectious Diseases Director Anthony Fauci said Sunday that it would be “a false statement” to say the government has the coronavirus pandemic under control. “We are struggling to get it under control, and that’s the issue that’s at hand right now,” Fauci said on CBS’s “Face the Nation” Sunday. Trump …
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New York Gov. Andrew Cuomo announced that China is facilitating the donation of 1,000 ventilators to the hard-hit state, with the shipment slated to arrive at John F. Kennedy International Airport later today. China in recent weeks seems to be using the coronavirus pandemic to position itself as a global response leader while the perception …
The ultimate lesson of James J. Hill and his Great Northern Railroad is that the “winners” government picks today are the “losers” of tomorrow. A famous saying, especially prescient in times like this, is “those who do not learn from history are doomed to repeat it.” Last month, Congress mortgaged the nation’s future in a …
