Treasury Secretary Scott Bessent spoke to the Economic Club of New York today and emphasized the growthy-ness of President Trump’s program. I had a chance to interview the Secretary after his speech. But importantly, Bessent emphasized deregulation, especially in the banking sector – and that includes bank loans to small businesses. This is important because during the Biden years, Fed Chair Jay Powell swayed with the wind and promoted DEI, ESG, no loans to oil and gas companies, terrible supervision of Silicon Valley, and a disregard for the importance of community banks. Powell presided over a real mess. Incidentally, it…
Author: Natalia Smirnova
After a failed mission in January, SpaceX on Thursday launched its eighth suborbital flight test of its fully integrated Starship megarocket, a combination of the ship’s upper stage (S34) and the Super Heavy booster (B15), at Starbase in Boca Chica Beach, Texas. Unfortunately, history repeated itself when Starship’s upper stage made it into space only to start spinning uncontrollably before losing contact and breaking apart, sending debris cascading back to earth early Thursday evening. One of the goals of the flight was to catch the Super Heavy booster using the chopsticks on the launch tower, which was completed successfully. SPACEX…
