Editor’s note: This is good news. But check out how many other international organizations China leads! Singapore’s Daren Tang beat Chinese contender for World Intellectual Property Organisation role [Katrina Manson, Primrose Riordan | March 4, 2020 | FT] A US campaign helped prevent China’s contender from taking the helm of the World Intellectual Property Organisation…
In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year. The combination of US spending growth and imports…
Editors note: Everyone is getting interested in national industrial strategy against China now. The United States is not playing to win against China. [Eric Schmidt | February 27, 2020 | NY Times] America’s companies and universities innovate like no other places on earth. We are garage start-ups, risk-taking entrepreneurs and intrepid scholars exploring new advances…
Editors note: India is trying to be China with its tech transfer requirements and Made in India programs. Yet Modi mouths claims of defending “free trade” just as Chairman Xi did. Indian Prime Minister Modi seeks to emulate Chinese success with increased protection for domestic firms [Greg Ip | February 19, 2020 | WSJ] In…
Editor’s note: CPA is pushing the use of capital flow management tools to curb excessive foreign capital inflows that drive up the price of the dollar. The Baldwin-Hawley Competitive Dollar for Jobs and Prosperity Act would require the Fed to use a market access charge to slow foreign inflows, realign the dollar exchange rate and…
Editors note: If the US doesn’t make decisions on the shape of our economy, other countries will. China picked winners and dominates future industries. We did nothing and are relegated to food service jobs. Ten House Members oppose this exclusion request, but 14 favor it. [The Editorial Board | February 18, 2020 | WSJ] Fourteen…
Editor’s note. The US should build its own 5G. And it can. ‘Huawei is a Titan right now and we can take them down if we want to double down on our investments’: In-Q-Tel CEO [Tim Hinchliffe | February 18, 2020 | The Sociable] The CEO of the intelligence community venture capital arm In-Q-Tel says…
Editors note: Kaplan misses the fact that we are underemployed according to our job quality index. www.jobqualityindex.com Dallas Fed President Robert Kaplan says that he views the labor market as “likely at or past” full employment, hinting that Kaplan may see a weaker case for lowering interest rates. [Brian Cheung | February 18, 2020 |…
Editors note: China reducing tariffs is only a fraction of the issue. Since the government makes purchasing decisions, little matters except whether the government actually makes the decision to purchase. BEIJING (Reuters) – China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far,…
Editors note: The Department of Commerce is doing some good work on economic security issues versus China. WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies [HWT.UL] from companies such as Taiwan’s TSMC (2330.TW), the world’s largest contract chipmaker, two sources familiar…
