A bug or a feature? The Trump plan to cap NIH/NSF grant indirect overheads is a gut punch to the economics of top universities.
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Thursday, February 13, 2025
The Golden Goose: The Consequences of Trump’s War on American Universities
Topics: China, Guest Post, Income disparity, Politics, Science and the scientific method, Student loans, Technology and innovation
Posted by Yves Smith at 1:19 am | Comments Off on The Golden Goose: The Consequences of Trump’s War on American Universities
2:00PM Water Cooler 2/12/2025: DOGEbags to Infest Entire Federal Government with Bolshevik-Style Parallel Party Structure
Bird Song of the Day Patient readers, I apologize for the enormous typo. This is what I (and you) get then I deviate from my standard template. –lambert Brown Thrasher, Sippo Lake–Exploration Gateway, Stark, Ohio, United States. * * * By Lambert Strether There’s a quotation from John D. MacDonald’s Pale Grey for Guilt that […]
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 9 Comments »
Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts
How Trump’s economic revolution and the uncertainty it is creating are already wreaking havoc.
Topics: China, Currencies, Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Globalization, Income disparity, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 10:20 am | Comments Off on Trump’s Shock Doctrine: Uncertainty and the Repudiation of Contracts
Links 2/12/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | Comments Off on Links 2/12/2025
KLG: The Engineering Ideal in Biology and Its Utility or Disutility
How the engineering ideal in biology, already taken further than is realistic, has become a foundation for the quest for eternal life.
Topics: Guest Post, Health care, Science and the scientific method
Posted by Yves Smith at 6:54 am | Comments Off on KLG: The Engineering Ideal in Biology and Its Utility or Disutility
Chaos Theory: Assessing the Legal Validity of Trump’s Tariffs
A look at the legality of Trump tariffs. Sadly, another proof that international law does not count for much in practice.
Topics: China, Free markets and their discontents, Globalization, Guest Post, Legal
Posted by Yves Smith at 6:35 am | Comments Off on Chaos Theory: Assessing the Legal Validity of Trump’s Tariffs
Mr. Treasury Market Tells Fed It Is Even More Worried About Inflation
The Fed vigorously backpedaled on further cuts, pivoting to wait-and-see, due to long-term rates signaling inflation concerns.
Topics: Credit markets, Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Investment outlook
Posted by Yves Smith at 4:54 am | Comments Off on Mr. Treasury Market Tells Fed It Is Even More Worried About Inflation
2:00PM Water Cooler 2/11/2025
~ Today’s Water Cooler: Politics, syndemics ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | Comments Off on 2:00PM Water Cooler 2/11/2025
Imperialism (Still) Rules
Many in the West now deny imperialism. But even the Economist now sees Trump’s revival of this US legacy.
Topics: Globalization, Guest Post, Income disparity, Middle East, Politics
Posted by Yves Smith at 9:55 am | Comments Off on Imperialism (Still) Rules
Links 2/11/2025
Topics: Links
Posted by Yves Smith at 6:55 am | Comments Off on Links 2/11/2025
Is Washington Setting Its Sights on Mexico’s Former President, Andrés Manuel López Obrador?
“There is a legal and judicial offensive under way in Washington to accuse the former president of Mexico, Andrés Manuel López Obrador, of having made pacts with drug traffickers.”
Topics: Guest Post
Posted by Nick Corbishley at 6:54 am | Comments Off on Is Washington Setting Its Sights on Mexico’s Former President, Andrés Manuel López Obrador?
KLG: “If the Overhead Cuts to NIH and NSF Grants Go Through Without Changes, Academic Biomedical and Other Research in the US Will Crumble into Dust”
Why the Musk attack on NIH and NSF funding formulas will eviscerate US medical research.
Topics: Dubious statistics, Guest Post, Health care, Science and the scientific method
Posted by Yves Smith at 6:50 am | Comments Off on KLG: “If the Overhead Cuts to NIH and NSF Grants Go Through Without Changes, Academic Biomedical and Other Research in the US Will Crumble into Dust”
The Execution of the CFPB: Capitalism Survives Another Attempt to Save It
A discussion of Elizabeth Warren’s naivete about the predatory nature of capitalism.
Topics: Banking industry, Credit markets, Free markets and their discontents, Income disparity, Politics, Regulations and regulators, The destruction of the middle class, The dismal science
Posted by Yves Smith at 1:55 am | Comments Off on The Execution of the CFPB: Capitalism Survives Another Attempt to Save It
2:00PM Water Cooler 2/10/2025
~ Today’s Water Cooler: Politics, syndemics; A typical day in the Trump White House, per the NY Post; Elon on political economy (with handy diagram); Stoller on Trump gutting the CFPB; The 1918 Influenza Pandemic and the Rise of Italian Fascism ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 13 Comments »
Climate Minsky Moments: Why They May Matter Less Than Expected
“Climate Minsky moments” do not warrant delaying ambitious climate policy.
Topics: Environment, Free markets and their discontents, Global warming, Guest Post
Posted by Lambert Strether at 9:55 am | Comments Off on Climate Minsky Moments: Why They May Matter Less Than Expected