Rocket Failure in China

The first stage of the Tianlong-3 rocket by Beijing Tianbing Technology detached from its launch pad during a test due to structural failure and landed in a hilly area of Gongyi, China. No casualties were reported. The rocket is part of a partly reusable rocket under development by Space Pioneer, a private Chinese firm.

The Revolving Door in Washington

The revolving door in Washington refers to the practice of lawmakers leaving office to work for lobbying firms or corporate interests, often receiving substantial financial rewards. This can create conflicts of interest and lead to lawmakers prioritizing special interest groups over the public good.

U.S. Regulatory Changes to Support Cuba’s Private Sector

The U.S. Treasury Department announced regulatory changes to allow more American financial support for Cuba’s private sector and to bolster access to U.S. internet-based services. These measures aim to support Cuba’s budding entrepreneurs while avoiding benefit to Cuban authorities.

Panama President-elect's Cabinet Appointments

Panama President-elect Jose Raul Mulino appoints business leaders and an economist to his cabinet, promising a pro-private sector administration. The new appointments signal a focus on sound fiscal management and continuity with the economic strategy of former President Martinelli.

Job Growth Slowed in April

Job growth slowed more than expected in April, leading to market speculation of rate cuts. Despite the slowdown, the number of jobs added was not weak. The unemployment rate ticked up slightly, but the rise was minimal. The private sector added a healthy number of jobs, while government hiring decreased. Health care and social assistance sectors saw positive growth. The market reaction to the report may be overdone, as it is not likely to push the Fed into immediate rate cuts.

Climate Change and Renewable Energy

Special Presidential Envoy for Climate John Kerry says hitting climate goals will cost between 2.5 to 5 trillion dollars annually for the next 30 years. He believes China might not actually use the new coal plants they're building due to the massive amount of renewable energy being deployed.

Succession in China's Private Sector Family Firms

A new generation of entrepreneurs is taking over powerful family firms in China's private sector that have historically driven economic growth.

Space Exploration and American Leadership

Michael Lukacs, a lead investor in the Odysseus Lunar Lander, emphasizes the importance of America leading in space exploration, highlighting the significance of space as the next frontier for dominance. He praises President Trump's vision for space and the establishment of Space Force.