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☆ Opinion: Taiwan could teach a master class in preparing for the worst
▼ + stars: | 2023-04-20 | by ( Opinion Lanhee J. Chen | ) edition.cnn.com time to read: +8 min

I visited Taiwan in late March as part of a US delegation that met with senior Taiwanese leaders in government and civil society, including Tsai. Nonetheless, several senior Taiwanese officials expressed disbelief when I told them that Trump might actually be the Republican nominee for president again, particularly given his recent legal troubles. President Joe Biden is also viewed favorably in Taiwan, particularly because of promises that the US would defend Taiwan if it was attacked by China. But senior administration officials have repeatedly stressed that, notwithstanding Biden’s statements, US policy toward Taiwan has not changed. Taiwanese officials must deal with the reality that with each passing day, an attack from China may be drawing near.

☆ A flawed but useful economic model for a bleak age
▼ + stars: | 2023-04-14 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Modern Monetary Theory, which endorses unlimited government spending, was all the rage during the years of ultra-low interest rates. John Cochrane’s fiscal theory fits the bill. Cochrane, a senior fellow of the Hoover Institution at Stanford University, recently published “The Fiscal Theory of the Price Level”. Not only are high interest rates incapable of arresting inflation, fiscal theory suggests they actually make the problem worse. Nor do bondholders operate with rational expectations, as fiscal theory suggests.

WHO IS HARLAN CROW? Crow, 74, is the chairman and former CEO of Crow Holdings, a Texas-based family real estate firm established to manage the capital of the Trammell Crow family. While his net worth is unclear, Crow Holdings had $19.6 billion in assets under management in 2020. Harlan Crow was pivotal in restructuring the company’s debt in the 1980s, saving it from bankruptcy, according to media reports. HARLAN CROW'S POLITICAL LEANINGSCrow has a history of donating to conservative causes.

☆ San Francisco officials weigh giving Black residents $1 homes and $97,000 a year of as part of a massive reparations plan
▼ + stars: | 2023-03-17 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

San Francisco policymakers are considering reparations for many of its Black residents. Proposals include giving qualifying residents $5 million, $97,000 a year for 250 years, or $1 homes. Supervisors unanimously supported the presentation from the San Francisco African American Reparations Advisory Committee, but its proposals remain far from reality. If enacted, though, San Francisco's reparations plan stands to become one of the most substantial packages ever approved in the United States. "This conversation we're having in San Francisco is completely unserious," John Dennis, chair of the San Francisco Republican Party, told the AP.

☆ Xi Jinping is not concerned with the growth of the Chinese economy, says China expert Matt Pottinger
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi Jinping is not concerned with the growth of the Chinese economy, says China expert Matt PottingerMatt Pottinger, former deputy national security advisor and distinguished visiting fellow at the Hoover Institution, joins 'Squawk Box' to discuss whether businesses can still operate in China in good conscience, China's aspirations, and more.

Starting with the Trump administration, the United States has been tightening the noose around China's high-tech ambitions. But why worry about older chip technology? “28 nanometer” refers to a chip technology commercially used since 2011. But it is a giant in older technology, including chips that regulate power flows in electronics. The importance of older chip technology hit the industry in the face in 2021 as a shortage of those chips prevented manufacturing of millions of cars and consumer electronics.

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