Pharmaceutical giant Eli Lilly announced today that they would be slashing their prices for insulin by 70 percent. Think about that for a moment -- a corporation was pricing a product so high that it can cut the price by 70 percent and still make money off of it. That should be seen as nothing short of obscene to the average person. But what is interesting about this announcement is that it seems a combination of public shame and some competition in the marketplace has brought about this change. And that's worth celebrating a little bit, even if the case isn't exactly cut-and-dried.

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Game theory is a rather fun branch of mathematics that tries to predict the odds of having what you want happen, when stacked up against other rational agents. I've never studied it formally myself, but it's always intrigued me. The classic example (to me, anyway, and which I am not going to bother to explain) is that the contestant on Let's Make A Deal should always change their choice (of Doors Number One, Two, or Three) after the host reveals one of the prize packages, because doing so actually doubles the odds of getting the best prize package instead of the booby prize. Those are the sorts of puzzles it tries to figure out -- like what is the best amount of money to bet at the end of Jeopardy! (depending on how much you and your opponents have at the time). But both of those are examples with easily-quantifiable odds, which aren't always (in real life, outside of game shows) all that easy to accurately predict. So I'm using the term rather loosely here, not in a strict "figure the odds" mathematical way -- more of "gaming it out" than formal game theory. But the Biden conundrum has certainly been getting a lot of attention lately, so I thought I'd take a shot at playing the game too. Or, at the very least, outlining it in a rational fashion for everyone else to play too.

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Trains were at the heart of the political scene this week. Internationally, President Joe Biden took a 10-hour train ride to get to Kyiv in person (which he must have thoroughly enjoyed, knowing his general love of trains). Domestically, the trainwreck in Ohio became sidetracked into a political circus.

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We have to begin today with a look at the woes of the Republican Party. Because, when you think about it, why not?

The most amusing news (speaking from across the political aisle) all has to do with the Republican Party trying to come to grips with another presidential nominating process with Donald Trump as the 800-pound elephant in the room. Most of the party establishment would dearly love to see literally anyone else win the nomination than Trump, but they also fear the prospect of Trump going rogue if he doesn't win and launching his own third-party bid.

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Nikki Haley became the second officially-announced presidential candidate from either of the two major American political parties yesterday. Initially she had teased that her big announcement would be today, but she must have been overcome with the Valentine's Day spirit or something, so she jumped the gun. Haley and Donald Trump are now the entire "officially-announced" field for 2024. Which immediately leads me to wonder: "Who's next?"

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Tomorrow night, President Joe Biden will mark the halfway point of his first term in office by delivering a State Of The Union speech. He will remind Americans of all the things he has accomplished so far, and he will likely have a pared-down list of things he thinks he might still accomplish even with a divided Congress. All of which is traditional and expected. But what we can all also expect is a "soft launch" of Biden's re-election campaign.

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Happy Groundhog Day, everyone! Or, to be more accurate, I should wish everyone a happy Groundhog Day, since I speak not of a small, furry weather prognosticator but instead of the movie of the same name which starred Bill Murray. For those of you who have just woken up from a multi-decade coma, the film subjected Murray to living the same day over and over again in a time loop. Which today certainly has some significant flavors of, you have to admit.

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That headline is somewhat of a misnomer, of course, since when the phrase "...and then there were [number]..." is usually used, it conveys a shrinking of the field -- a Hunger Games style announcement-in-the-sky to mark when a tribute (contender) dies (literally in the stories, metaphorically when it comes to politics). In this case, though, it refers to the fact that there will soon be two official major-party candidates for president of the United States, not just one: Donald Trump and Nikki Haley (both Republicans). Haley has not formally announced, but has scheduled an official announcement event for February 15th. Trump, of course, announced about twelve seconds after the midterm elections, in an effort to distract from the storyline that he backed a whole bunch of losing candidates and quite possibly cost the Republican Party control of the Senate (once again). President Joe Biden is widely expected to announce on the Democratic side, but this may not happen for weeks or even, conceivably, months, because being the sitting president gives you the luxury of choosing your own timing.

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President Joe Biden gave a speech this week on the state of the American economy. On his watch, the economy has greatly improved as we all dug ourselves out of the pandemic recession together. So Biden deserves a victory lap. He also used the speech to draw a stark comparison between Democrats responsibly steering the economy and Republicans who apparently are salivating at the prospect of blowing it all up.

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At President Joe Biden's urging, the Democratic National Committee has picked a big and (in my opinion) a completely unnecessary fight with the state of New Hampshire. Last year, when the party met to decide which states would go first in the presidential primary calendar, Biden blindsided just about everyone with his own preferred schedule. Earlier, the party had announced there would be a free-for-all for states to apply for early primary slots, which was largely seen as a convenient way to demote Iowa from the early states, for multiple reasons (the largest being how incompetent they had been in 2020). This conventional wisdom held that one or perhaps even two other additional states would be elevated to the ranks of the early-voting states, again for multiple reasons. But few predicted that New Hampshire would be affected. This proved to be wrong, as Biden released his preferred schedule: South Carolina would be the "first in the nation" state, followed by Nevada and New Hampshire three days later (both voting on the same day). Yesterday, the party met again and instead of locking in Biden's new schedule, gave two states until June to comply with the new setup -- New Hampshire and Georgia (which was newly elevated into the ranks of early-voting states).

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