Good for Google, Bad for America

Excerpt. “A.I.’s military power is the simple reason that the recent behavior of America’s leading software company, Google — starting an A.I. lab in China while ending an A.I. contract with the Pentagon — is shocking.” At its core, artificial intelligence is a military technology. Why is the company sharing it with a rival? [Peter Thiel | August 1,…

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5 Smart Reasons to Tax Foreign Capital

Editors note: Professor Michael Pettis wrote the book called “The Great Rebalancing” and is a core expert on global trade and balances. He is supportive of the Competitive Dollar for Jobs and Prosperity Act recently introduced by senators Baldwin and Hawley. A bipartisan bill that would create a trade-balancing exchange rate for the dollar also aims to reduce…

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