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Monday, December 13, 2021

Daily Digest 12/13 – No FDA Bias Here; Electricity Prices Hitting Hard; Yes, The Crime Wave is That Bad; Omicron Not Deadly Yet

Economy

Bias? Nearly Half the FDA Budget Funded by Pharma
The FDA budget for FY 2019 is $5.9 billion. About 55 percent, or $3.2 billion, of FDA’s budget is provided by federal budget authorization. The remaining 45 percent, or $2.7 billion, is paid for by industry user fees.

Energy

Electricity Prices Hitting Hard, Leading to Shut-Offs
Thousands of Americans have been racking up utility debt during the pandemic. Families now owe power companies close to $20 billion, up 67% from the average year, according to the National Energy Assistance Directors’ Association.

Resilience

Gail Tverberg: Are We Entering The End Times?
I frequently write that the world economy is, in physics terms, a dissipative structure that is powered by energy. It can grow for a time, but eventually it reaches limits of many kinds. Ultimately, it can be expected to stop growing and collapse.

 

Yes, the Crime Wave is as Bad as You Think
The U.S. experienced its largest-ever single year homicide spike in 2020, and crime now polls as one of the top voter concerns.

 

Omicron is Infectious but not Deadly
None of the cases so far in the U.S. have resulted in serious illness; and the World Health Organization has said that no omicron cases, which have been detected in at least 38 countries, have resulted in death.

The post Daily Digest 12/13 – No FDA Bias Here; Electricity Prices Hitting Hard; Yes, The Crime Wave is That Bad; Omicron Not Deadly Yet appeared first on Peak Prosperity.



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