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Is It Time for a U.S. Department of Science?


The Biden administration made history earlier this year by elevating the director of the Office of Science and Technology Policy to a cabinet-level post. There have long been science advisory bodies within the White House, and there are a number of executive agencies that deal with science, some of them cabinet-level. But this will be the first time in U.S. history that the president’s science advisor will be part of his cabinet.
It is a welcome effort to restore the integrity of science, at a moment when science has been thrust onto the center-stage of public life as something indispensable to political decision-making as well as a source of controversy and distrust. Some have urged the administration to go even further, calling for the creation of a new federal department of science. Such calls to centralize science have a long history, and have grown louder during the coronavirus pandemic, spurred by our government’s haphazard response. ....

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EUR/USD Rate Outlook Mired by Failed Attempts to Test March High


EUR/USD Rate Outlook Mired by Failed Attempts to Test March High
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2021-04-23 15:00:00
David Song,
Strategist
EUR/USD Rate Talking Points
EUR/USD appears to be stuck in a narrow range as the European Central Bank (ECB) retains the current course for monetary policy, but the failed attempt to test the March high (1.2113) may push the exchange rate back within the descending channel from earlier this year as the Governing Council remains in no rush to switch gears. ....

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