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SpaceX strikes second GPS satellite launch deal in a year, killing the competition

Elon Musk’s SpaceX has been awarded a second contract to launch a GPS navigation satellite for the US Air Force. SpaceX is killing the competition on price. The American space industry moves at a rapid...

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Trump is Right About Yen

The Trump administration seems to be stepping up the pressure on the Japanese yen, accusing Japan of manipulating the exchange rate to its advantage. In our view, the accusation is essentially valid. Japanese policy makers...

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Trump or Clinton – whom does Wall Street favor?

Wall Street is one of the hot-button issues of the 2016 US presidential election campaign season. During their campaign trails, the nominees of both major parties – Democrat Hillary Clinton and Republican Donald Trump –...

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Puerto Rico – ‘Greeks’ of the Caribbean

The loss of tax perks and its status as a commonwealth are just two of many reasons for Puerto Rico’s bankruptcy. The island is now hoping that the default will give it leverage to restructure...

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Leaving the US for a German degree

Edgar Martinez knew that he wanted to study in Germany ever since he was in high school. The German language has inspired the 20-year-old American so much that he left Chicago, his home town, to...

IEA: Carbon emissions from fuel usage hit new global record

The International Energy Agency (IEA) says the world’s carbon dioxide emissions from fossil fuel usage have risen to a record level. It warns that despite increased renewables usage climate change will “not go away.” Global...