The U.S. House of Representatives rushed through an $8.3 billion spending measure to fight the coronavirus outbreak and passed the measure to the Senate, which is expected to approve it immediately. The president has said he will sign it. The measure allots $2.2 billion to the Center for Disease Control and Prevention to contain the...
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ITALY: BAD DAYS WORSE
Before the coronavirus hit Italy, its economy barely rebounded from the Panic of ’08. Now, following the government’s decision to lock down the entire nation, it risks diving deep into recession. Tourism, which accounts for 13 percent of its GDP, is dead. Italian manufacturers are flooded with canceled orders – perhaps not entirely a bad...
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MACHINE LEARNING SLASHES EV BATTERY DEVELOPMENT TIME
By Bennett Davis Machine learning software created by researchers at MIT, Stanford University, and the Toyota Research Institute can cut design and development time for new batteries by as much as 98 percent, the developers say. The program also can be used to slash development times in areas such as drug research and laser design....
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YOUR GENOME HAS BEEN MARKED DOWN
By Bennett Davis Veritas Genetics, a Boston-area gene sequencing company, has reduced the price for sequencing and interpreting an entire human genome from $999 to $599. For the price, Veritas will not only apply the power of artificial intelligence to sequence your genome but also give you an expert reading, highlighting genetic propensities for 200...
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BRAIN CELLS, COMPUTER COMMUNICATE THROUGH INTERNET
By Bennett Davis For the first time, scientists have enabled brain cells and their digital counterparts to communicate over the Internet. The success brings one of science fiction’s favorite fantasies closer to reality – that human brains and computers can not only merge, but also can link over long distances. At Italy’s University of Padova,...
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CANADA NOT HIGH
Canopy Growth, the Canadian cannabis company with the largest market capitalization at about $5.8 billion, is closing three million square feet of greenhouse space in British Columbia, laying off 500 workers, and abandoning plans for a new Ottawa growing center. The cutbacks will result in a charge of as much as $800 million to the...
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PRESIDENTIAL REALITY SHOW®: THE GREATEST FREAK SHOW ON EARTH
With Biden picking up the lead as the contender for the race to the White House, the President has begun to play a Trump card that will trip up the Biden campaign. On center stage, following his Super Tuesday victory, Mr. Biden came off as senile when he announced, “This is my little sister Valerie,”...
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CENTRAL BANKS MARCH TO ZERO
In response to a slowing global economy and coronavirus fall out, one after another, central banks of developed nations have slashed interest rates. The Reserve Bank of Australia cut its rate to a record low 0.05 percent. The U.S. Federal Reserve slashed interest rates 50 basis points, the sharpest rate cut since the Panic of...
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U.S. MARKETS ~ March Money Madness
The weeks-long equity market rout paused only briefly last week, but stocks weren’t able to hold their ground. On 4 March, U.S. stocks blipped up 1,173 points, the second-highest point gain ever. Analysts tied the rise to soaring health care stock prices after the Democratic primary’s Super Tuesday, in which Joe Biden scored decisive victories...
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COVID-19: POLICE STATE VIRUS
In addition to infecting virtually every media headline and lead story, the coronavirus has spread deep into the body politic, the global economy, and equity markets. Seizing on the coronavirus outbreak, political hacks – not an array of qualified doctors and health experts in relevant fields – have taken full control of nations, states, and...