LyrArc Article Gist
Globalization is being replaced with government support for attracting new investment and industry. Germany is providing $11 billion for 2 Intel semiconductor plants. The Biden administration $280 billion CHIPS and Science Act investment by the US sets the new pathway for government to support industry to increase investment and create good paying jobs inside the US. This reverses decades of neglect of American manufacturing by administrations from the time of president Reagan through the Bush, Obama and Trump administrations. A new world order is being shaped that enables the EU and the US to compete with China with direct government support for industry.  The US and the EU gain, the UK and Singapore lose out in the new arrangement.

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A three part series in the NYT on the speed, challenges and politics of the American economy moving towards Clean Energy.

LyrArc Article Gist
Cheese, bread and butter prices are up 30% in the UK in the last 2 years hitting people with low incomes the hardest.

LyrArc Article Gist
A three part series in the NYT on the speed, challenges and ways in which the American economy is moving towards Clean Energy.

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Biden's plan for joint military exercises with Japan and South Korea and a Camp David Summit meeting with prime minister Kishida of Japan and president Yeol of South Korea.

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Michael Shear of the NYT describes Biden's thinking about China and his candour during fund raising events for his campaign. Biden says he seeks "competition, not conflict with China." He tells an audience in Utah, "I don't want to hurt China, but I'm watching." Biden signed an executive order last week banning American investment in certain technology industries in China that could enhance its military capabilities. In relations with China Biden is moving forward with easing tensions by having Blinken, Kerry, Raimondo and other officials visit Beijing to ensure open communications and discussion. Biden seems to be following two tracks one of being open about China and the evolution of the relationship in erratic ways over different administrations where it was counterproductive for both nations- creating more potential for conflict than less when technology flowed freely from the US to China in business to business dealings- that did not reflect how the US sees both its responsibilities and its leadership in world affairs over the twenty first century. China has reverted to its political position in the postwar years as it adjusts to the new US perceptions of what happened to US jobs, manufacturing and trade over two decades since the opening to China at the WTO. ...

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Typhoon winds that exacerbated the floods in Beijing, China, are shown here in a BBC report. Recent floods in China and fires in Maui, Hawaii, show effects of climate change on opposite sides of the planet in August 2023. This is one more reason for the US and China to work with other countries in limiting the effects of climate change and focus on the important issues that require cooperation and mutual effort.

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The effects of declining rainfall, higher temperatures in causing the wildfires of 2023 in Hawaii. Researchers show that rainfall has declined by one third since 1990 in the wet season. The fires are striking because of the lush vegetation that one generally associates with Hawaii. Yet Hawaii is like other places on the planet, also susceptible to climate change and its effects. With rising temperatures about 36% of Maui County is in severe or moderate drought. Dry and invasive grasses make it worse, as one expert puts it the island is covered with flammable stuff. Blowing winds provide an additional condition. Flavelle and Andreoni provide this NYT report on Hawaii and climate change.

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Erik Vance takes one through some of the best workouts including core strengthening, yoga, tai chi, hiking, swimming, and the mental game of getting started, of going outdoors.