Thursday, April 27, 2023

We're in Good Hands


Because maximum shareholder value is no longer management’s exclusive aim, managers will wrangle endlessly over which goals to pursue and how to trade them off against one another and against shareholder value. That’s bad for both investors and the economy.

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Sean Wilentz of Princeton notes, “the colonists had themselves taken decisive steps to end the Atlantic slave trade from 1769 to 1774. During that time, Maryland, New Jersey, Pennsylvania, Connecticut, and Rhode Island either outlawed the trade or imposed prohibitive duties on it. Measures to abolish the trade also won approval in Massachusetts, Delaware, New York, and Virginia, but were denied by royal officials.”

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Researchers from Tel Aviv University and the Israel Institute for Biological Research developed the world's first messenger mRNA-based single-dose vaccine that is 100 percent effective against a lethal bacteria.
Published in the peer-reviewed journal Science Advances, the study suggests that this paves the way for developing more vaccines for bacterial diseases, including diseases caused by antibiotic-resistant bacteria. The study, conducted on mice, demonstrated that all vaccinated animals were fully protected against the bacteria that causes the plague.


We're in Good Hands

China's ambitions in Southeast Asia, the growing appearance of lawlessness as a lifestyle, the astonishing growth of American debt, the decline of American education, an energy policy based upon self-harm--these are all random problems plucked from the forest of the issues facing what we call American leadership. So it's reassuring to see this insightful thought content from the Vice President, the proverbial one-heartbeat-away:

"So I think it’s very important, as you have heard from so many incredible leaders for us at every moment in time and certainly this one, to see the moment in time in which we exist and are present, and to be able to contextualize it, to understand where we exist in the history and in the moment as it relates not only to the past but the future."



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