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Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the US and world economy will suffer if Republican presidential candidate Donald Trump wins the presidential election in November.

The jointly signed letter, first reported by Axios, says the economic agenda of President Biden, a Democrat, is “vastly superior” to Trump’s, the former Republican president seeking a second term.

The economists say Trump’s economic plans would reignite inflation, in part because of his pledge to impose stiffer tariffs on Chinese imports, which they say will hike prices on many goods bought by US. consumers.

“While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump,” the economists state in their letter.

“We believe that a second Trump term would have a negative impact on the US’s economic standing in the world, and a destabilizing effect on the US’s domestic economy.”

The letter was signed by prominent economists including Joseph Stiglitz, who won the Nobel prize for economics in 2001, and Sir Angus Deaton, an economic Nobel laureate in 2015.

Biden and Trump are locked in a close election race. The Nov. 5 contest will be decided by voters in a handful of battleground states which are closely contested because their voting preferences can swing to Republicans or Democrats.

While headline inflation has slowed in the past two years, many US consumers are still unhappy with the higher prices they have to pay for food, gas and other goods, according to public opinion polls.

Trump has pledged to impose tariffs on foreign imports, and up to at least 60% on Chinese goods coming into the US, a cost the economists say will be passed on to US consumers in the form of price hikes.

“Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” the letter states.

The Trump campaign did not immediately respond to a request for comment. James Singer, a Biden campaign spokesperson, called Trump’s economic agenda dangerous.

The US economy will be a major theme in the first presidential debate between Biden and Trump on Thursday. Trump blames Biden for high prices and inflation, while Biden claims Trump’s trade policies, including tariffs, will raise inflation.

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Science

Earth’s Oceans Enter Danger Zone Due to Rising Acidification, New Study Warns

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June 15, 2025

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Earth’s Oceans Enter Danger Zone Due to Rising Acidification, New Study Warns

The oceans of Earth are in worse condition than it was, thought, said the scientists. This is because of the increased acidity levels that led the sea to enter the danger zone five years ago. As per the new study, oceans are more acidic by releasing carbon dioxide from industrial activities such as fossil fuel burning. This acidification of the oceans damages marine life and the ecosystem, in turn threatening the coastal human communities that are dependent on healthy waters for their life.

Oceans May Have Crossed the Danger Zone in 2020

In the study published on Monday, June 9, 2025, in the journal Global Change Biology, researchers have found that acidification is highly advanced tha it was considered in the previous years. Our oceans might have entered the danger zone in the year 2020. Previous research suggested that the oceans of Earth were approaching a danger zone for ocean acidification.

How Ocean Acidification Happens

Ocean acidification is driven by the absorption of ocean of excess CO2 into the ocean, which is rapidly contributing to the global crisis. CO2 dissolves in seawater, forming carbonic acid, lowering pH levels and invading the vital carbonate ions. This threatens the species in the water, such as corals and shellfish, which depend on calcium carbonate to build their skeletons and shells.

The Planetary Boundary May Be Breached

Recent research depicts that the ocean acidification levels may now be breached, crossing the previous estimate of a 19% aragonite decline from the previous industrial levels. Scientists are alarmed that this change could destabilise the ecosystems of marine and, in turn, the coastal economies. This is a ticking bomb with socioeconomic and environmental consequences.

Global Consequences of Acidification

The recent findings suggest that scientists have feared in the past. Ocean acidification has reached dangerous levels, exceeding the limit that is needed to maintain a healthy and stable environment. As critical habitats degrade, the rippling effects are expected to cause harm to biodiversity, impact food security for many of the people who depend on the oceans for their livelihood.

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Science

NASA Chandra Spots Distant X-Ray Jet; Telescope Faces Major Budget Cuts

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June 15, 2025

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NASA Chandra Spots Distant X-Ray Jet; Telescope Faces Major Budget Cuts

NASA’s Chandra X-ray Observatory has detected an enormous X-ray jet from quasar J1610+1811, observed at a distance of about 11.6 billion light-years (roughly 3 billion years after the Big Bang). The jet spans over 300,000 light-years and carries particles moving at roughly 92–98% of the speed of light. It is visible in X-rays because high-energy electrons in the jet collide with the much denser cosmic microwave background at that epoch, boosting microwave photons into X-ray energies. These results were presented at the 246th AAS meeting and accepted for publication in The Astrophysical Journal.

Discovery of the Distant X-ray Jet

According to the study, Chandra’s high-resolution X-ray imaging, combined with radio data, allowed the team to isolate the jet at such a great distance. At the quasar’s distance (about 3 billion years after the Big Bang), the cosmic microwave background was much denser. As a result, relativistic electrons in the jet efficiently scatter CMB photons to X-ray energies. From the multiwavelength data the researchers infer that the jet’s particles are moving at roughly 0.92–0.98 c. Such near-light-speed outflows are among the fastest known.

These powerful jets carry enormous energy into intergalactic space and provide a unique probe of how black holes influenced their surroundings during the universe’s early “cosmic noon” era.

Chandra’s Future at Risk

However, the Chandra mission now faces possible defunding: NASA’s proposed budget calls for drastic cuts to its operating funds. For nearly 25 years, Chandra has been a cornerstone of X-ray astronomy, so its loss would constitute a major setback. The SaveChandra campaign warns that losing Chandra would be an “extinction-level event” for U.S. X-ray astronomy. Scientists warn that ending Chandra prematurely would cripple X-ray science.

Andrew Fabian commented Science magazine, “I’m horrified by the prospect of Chandra being shut down prematurely”. Elisa Costantini added in an interview with Science that if cuts proceed, “you will lose a whole generation ” and it will leave “a hole in our knowledge” of high-energy astrophysics. Without Chandra’s capabilities, many studies of the energetic universe would no longer be possible.

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Politics

Vietnam legalizes crypto under new digital technology law

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4 hours ago

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June 15, 2025

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Vietnam legalizes crypto under new digital technology law

Vietnam legalizes crypto under new digital technology law

Vietnam has passed a sweeping digital technology law that legalizes crypto assets and outlines incentives for AI, semiconductors, and infrastructure.

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