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By 2025 bad economic theory was discarded, a clear path for the CHIPS manufacturing industry in the US is set forth and actions taken to do this. Morris Chang founder of TSMC got 20 years of experience at Stanford, MIT, Texas Instruments, everything he learned he learned in the US till Taiwan invited him to set up plants in that country in 1985. Bad economic theory that let this happen is being discarded in 2025. US decision by US Congress and the White House, the whole Nation, is to make Chips in America in 2025. Over 2025-2040 the entire Chips industry will be in the US similar to 1950-1990.
Linked Articles
Inside Taiwanese Chip Giant, a U.S. Expansion Stokes Tensions
NYTimes.com 04/16/2025
Tariffs fallout: The US will struggle to take on Asia over chipsBBC News 04/16/2025
By paying their fair share of taxes Biden says in State of Union speech to US Congress 2024 one can increase investment in education, affordable childcare and better living for seniors in their homes, and still cut the deficit by hundreds of billions of dollars. What is fair share? Certainly not zero percent that 55 of the largest corporations paid on $40 billion in profits in 2020, and corporate minimum tax was introduced at levels of 15% for which most ordinary Americans are not eligible for. And certainly not 8.2% that Biden said was being paid by 1000 billionaires in the US. Not a single penny more is being asked of hard working Americans earning less than $400,000 a year. Biden said he wanted to see the corporate minimum tax at 21% not 15%, and the top corporate tax rate set at 28% not the 21% that it was reduced to in 2017 from 35%. In short his predecessor turned to help companies and billionaires profit from the popular distress of the shipping of jobs overseas and the 2009 financial crisis caused by Bank executives without investing the nation's capital resources in manufacturing at home in scale to match and exceed China's. And at the same time neglecting to do anything about the concerns of the people for ease of living- affordable access to childcare, preschool education, education, health care to match Europe/China/India in quality and cost, and aging transportation infrastructure of airports, subways, roads and bridges. The savings when this is done properly go to cut the deficit by over 4 trillion dollars and keep America as the leader of all G-20 economies.
Linked Articles
Biden Draws Sharp Contrast With Trump in State of the Union
WSJ 03/07/2024
Biden Pushes More Corporate-Tax Hikes to Draw Contrast With TrumpWSJ 03/07/2024
The floods in Germany and Europe, the severe drought in parts of Spain and Italy are seen as signs climate change is here. At one southernmost point in Sicily the temperature recently reached about 49 degrees centigrade the highest ever in Europe.
Linked Articles
Italy’s disasters suggest the climate crisis is at the gates of Europe
The Guardian 05/18/2023
Scores dead, hundreds missing after massive floods in Germany, BelgiumFrance 24 07/16/2021
Scholz of Germany says Putin started this war for absurd reasons. NATO he says was never a threat to Russia. Russia invaded a neighboring country with the idea of conquering it. Scholz says Putin was taking a felt tip pen across the European landscape and drawing this is yours, this mine. And he says Germany would never accept that. Brendan Simms in his History of Europe- The struggle for Supremacy 1452 to the Present, is on German chancellor Scholz's reading list since 2021. It shows that for 500 years no dominant European power was able to do act with impunity without the rest of Europe joining together to prevent it. This war is not an exception. The European Union countries stuck together to make it possible for Ukraine to carry on even with generators to keep the lights on and supermarket shelves well stocked. In this sense the outcome of this war is already known. It has followed what Brendan Simms has pointed out already.
Linked Articles
Germany's Scholz says Putin started war for 'completely absurd' reasons | DW | 21.08.2022
DW.COM 08/23/2022
Thwarting Vladimir Putin: The Ukrainian Economy Just Keeps On Going - DER SPIEGELSPIEGEL ONLINE 04/07/2023
The United Nations International Labor Organization calls for protecting workers rights and promoting decent work during a pandemic that devastated many workers. A new respect for unionized workplaces after decades of decline and respect for the dignity of work. Still the process of recovery has only started as only 10% of American workers are represented by unions, only 14 million workers.
Linked Articles
Trade Unions matter in a human-centred recovery from COVID-19
ILO 01/21/2023
Union Membership Rate Hits Record Low Despite Votes at Apple, Amazon, StarbucksWSJ 01/21/2023
In 2012 Michael Boskin, who helped George W. Bush, with the NAFTA North American Free Trade Agreement, wrote this article in the WSJ about the normal trade using trade models that take into account the advantage of cross border trade and size of economies would be 20 times the $2.7 billion in trade between India and Pakistan in 2012. This would be $50 billion. This would have increased to $100 billion by 2020 under normal trade. Instead in the year of the 2022 floods when Pakistan is one third under water, and cross border trade never made more sense, the OEC data show trade at less than $300 million or one three hundredth portion of what trade could be if normalized.
Linked Articles
Pakistan: Food prices soar amid floods | DW | 30.08.2022
DW.COM 08/30/2022
Michael Boskin: A Passage to India-Pakistan PeaceWSJ 04/15/2012
Concentrating 92% of chip production that powers cell phones, laptops, computers in Taiwan makes no sense. Five fabs are concentrated in just 1 Science Park- Hsinshu Science Park in Taiwan. A missile attack could take out half of the world's chip supply. After Ukraine the US, EU and India, South Korea, Japan need to take this seriously. Action taken now will bring results over 3-5 years. The Free World depends on creation of new supply chains using manufacturing in the US, EU, India and Japan.
Linked Articles
Opinion | China Is Losing Its Bet on Chips
WSJ 06/20/2022
Opinion | Semiconductor Dependency Imperils American SecurityWSJ 06/20/2022
This The Guardian picture essay and DW.com video tell the story of how millions of refugees are daily making their way on Ukraine Railways from the east and south to safety in the west and in Poland.
Linked Articles
The people who keep the refugee trains running out of Ukraine – photo essay
The Guardian 03/31/2022
Courageous rail workers keep Ukraine running amid war | DW | 14.04.2022DW.COM 04/14/2022
If and how one can escape these algorithm based harmful social media platforms is the question posed by the WSJ series on TikTok, Facebook, others in 2021.
Linked Articles
The TikTok Spiral, Part 1: Descent - Tech News Briefing - WSJ Podcasts
WSJ 12/27/2021
The TikTok Spiral, Part 3: Escape the Algorithm - Tech News Briefing - WSJ PodcastsWSJ 12/29/2021
Linked Articles
In Germany, Hamburg is at the heart of a growing dilemma over China
South China Morning Post 10/26/2021
Taiwan Gains Favor in Europe’s East, Angering ChinaWSJ 10/26/2021
Jill Biden has already visited 32 states, talked to teachers and military families, and is fully engaged both as a teacher herself and in a mission like that of Eleanor Roosevelt who rallied the nation in wartime America.
Linked Articles
Jill Biden Is Chasing the President’s Most Elusive Campaign Promise: Unity
NYTimes.com 09/20/2021
Jill Biden is ‘here to help’ — first lady sets off on American rescue missionThe Times 03/16/2021
Dr. Fauci, NIH, HHS, lifted the ban on research and manipulation of virus in lab settings in 2018 The role played by the Cambridge Group of scientists who opposed lifting the ban on gain of function research for surveillance purposes. The US public and the public in the world in India, Europe, Asia, Africa and Latin America unaware of what was going on. The devastating effects of the coronavirus in 202 and 2021 and the lack of a vaccine in 2020, lack of a vaccine in sufficient quantities in 2021. The paltry benefits of surveillance compared to the great risks of something going wrong, as pointed out by the Cambridge Group. Why was it ignored in 2018. Who makes decisions for public health in the world. Can the US make decisions for India, the people in Africa, Latin America and Asia. Does even the US public know about it, much less the public in the world at large. What power is given by the US Constitution to US government agencies on matters of public health. How are a few individuals at HHS and NIH accountable to the public in the US and the world at large.
Linked Articles
Opinion | Anthony Fauci and the Wuhan Lab
WSJ 06/03/2021
Ban on gain-of-function studies endsThe Lancet Infectious Diseases 06/04/2021
"Feierabend" simply means disconnecting in German so that one has time to renew and revive oneself. At 4.00 pm or 5.00 pm one simply disconnects from work and gets on the bike for a ride or does something else. Can British and American cultures learn from their German or European counterparts? Ireland has passed a law calling for this disconnect requiring it because of the huge negative impact on mental health of remote work that has no structures. Microsoft has recognized this issue in 2020. More needs to be done by companies than to simply shift this burden,shift this task on someone else, or to workers who have no idea what working from home requires. Associations and other groups also need to get involved.
Linked Articles
Right to disconnect is vital for future health of home workers
04/23/2021
How 'Feierabend' helps Germans disconnect from the workdayBBC News 07/12/2022
DJT Alaska policy to open up the natural gas potential in Alaska comes from the Republican position that the US should also get some allowance for its needs the way China did for 80 GW of coal powered electricity production in 2024 under Paris Agreement. This is the Republican argument as Senators Dan Borghum of North Dakota and Dan Sullivan of Alaska present it for DJT. DJT reasoning is that Paris Agreement is not fair to US needs. Seen in this way the DJT policy is much more nuanced than media present it- it is for Make America Great Again by using advantages such as Alaskan production and Shale while at the same time pursuing pristine environment and tackling climate change. As this theory goes the stronger economy would give US more resources to tackle climate change. Biden signed on to this approach in a small way when he let Senator Joe Manchin of West Virginia put the same idea in his energy plans. Seen in this way DJT is not portrayed as trying to destroy climate change action plans.
Linked Articles
Opinion | Trump Lifts Sanctions on Alaska
WSJ 01/31/2025
China’s coal-fired power boom may be ending amid slowdown in permitsThe Guardian 01/31/2025
It was in this period that many of the problems that we face today were created through policies of low interest rates, deregulation and financial market speculation leading to the financial crisis of 2008. At the beginning of the Reagan administration in 1980 China was still a country of bicycles and largely rural, by 2009 it had transformed itself into the largest manufacturing nation in the world and continued to 2023. In the US financial deregulation and lack of health care for all allowed financial interests to become the dominant force in the economy in a speculative way , and defunded manufacturing, infrastructure and public services. The work of FDR, Truman Eisenhower and Kennedy unraveled, Clinton, Obama and Trump continued that decline.
Linked Articles
Puerto Rico Was Supposed to Be John Paulson’s Paradise. Then Came the Lawsuits.
WSJ 11/16/2023
Trader Made Billions on SubprimeWSJ Jan 15 2008 01/15/2008
The laws passed in the US Congress to limit the regulation of US banks imposed after the 2009 crisis led to leaving a gap for midsized banks where there would be less regulation. The appointment of Randy Quarles to Fed Vice Chair Supervision by Mr. Trump in 2019 led to the new culture which took the attitude the less regulation the better 14 years after the 2009 banking crisis, and the collapse of several banks in 2023, endangering the US banking system when the US needs a huge capacity to invest in the nation.
Linked Articles
American leaders president Biden, Treasury Secretary Janet Yellen, and National Security Advisor Jake Sullivan call for friendshoring- to invest in Indian manufacturing. This will reduce concentration of manufacturing in one country and create abetter more resilient supply chain. The pandemic and supply chain problems that added to inflation showed the extraordinary risks of the existing supply chain. As pointed out by FInance Minister Nirmala Sitharaman in an interview at Raisina Dialogue India is creating the right conditions to attract foreign investors in Indian maufacturing for advanced technologies.
Linked Articles
U.S. Pursues India as a Supply-Chain Alternative to China
WSJ 03/06/2023
Raisina Dialogue 2023: In conversation with Finance Minister Nirmala SitharamanThe Economic Times 03/06/2023
At key points in the life of these United States of America- Washington, Jefferson, Lincoln, TR and FDR, and now Biden, speak at Independence Hall in Philadelphia on the idea, that principle, in the Declaration for which they are willing to give their lives to defend. For the people of the world, the people of India, the rest of Asia, Africa, Latin America, Australia this has brought new meaning and hope since these words were written- "We believe that all men are created equal and they are endowed by their Creator with certain inalienable rights, and among these are life, liberty and the pursuit of happiness." "It was that which gave promise that in due time the weight should be lifted from the shoulders of men, and they would all have an equal chance." (Lincoln)
Linked Articles
Biden delivers speech on "battle for the soul of the nation" in Philadelphia | full speech
YouTube 09/02/2022
Remarks by President Biden on the Continued Battle for the Soul of the Nation | The White HouseThe White House 12/24/2022
Carlos Tavares heads a auto company that has 75,000 employees across the US, Europe, Asia and Latin America and plans 75 new electric car models by 2030. He favors a hybrid work model and works one week a month from his home in Lisbon, Portugal. He works Portuguese time 7am to 4 or 5 pm when he disconnects from the workday by taking a one hour walk. Germans call this practice "feierabend" literally to break away from work to revitalize and get fresh by say taking a bike ride through the woods or in a park. Tavares does not call or email employees on the weekend, and believes to be in game shape on Monday one needs to disconnect on the weekends.
Linked Articles
Right to disconnect is vital for future health of home workers
04/23/2021
This Auto CEO Won’t Put Remote Work in ReverseWSJ 07/08/2022
Guru Tegh Bahadur is forgotten for his discourses like the Buddha across the length and breadth of India in many languages, and for his meditation that goes back in tradition to the Buddha and Shiva. Guru Tegh Bahadur saw one nation in many communities speaking different languages and with different traditions.
Linked Articles
The Times of India 04/22/2022
Explained: Life and legend of Guru Tegh Bahadur, who stood up to the MughalsThe Indian Express 04/21/2022
The highly detailed WSJ reports on events going back 20 years throw light on the failure of Merkel in Germany and Bush-Obama in the US to grasp the situation of Russia under Putin's nationalism and the miscalculations made by president Putin about the changing situation in Ukraine that had created a national identity. While Putin looked to history something different had emerged on the ground for the people of Ukraine that both German and Russian leaders failed to grasp as they continued to pursue economic integration. Business in Europe and the US had no clue what was happening, and how the situation was unraveling till the end. It is also leading to the unexpected effect of accelerating weaning western nations from fossil fuels, a goal of Glasgow's COP26 Climate Change Summit, the only constructive effect of the war.
Linked Articles
Vladimir Putin’s 20-Year March to War in Ukraine—and How the West Mishandled It
WSJ 04/01/2022
Russian Strategy in Ukraine Shifts After Setbacks, and a Lengthy War LoomsWSJ 04/01/2022
Linked Articles
China Takes the Brakes Off Coal Production to Tackle Power Shortage
WSJ 10/20/2021
China’s Ambitious Climate Goals Collide With Reality, Hampering Global EffortsWSJ 10/27/2021
Walks taken out in parks, nature settings, and further out in wooded areas are seen as essential for health and wellbeing during the pandemic. This is becoming increasingly popular in the UK and can be pursued in the US, other parts of Europe, India, other parts of Asia, Latin America and Africa as a way to promote neglected mental health during the pandemic. Vaccines are doing their part for body health yet much remains to be done for mental health which has taken a big hit during the pandemic.
Linked Articles
‘These salt marshes saved my life’: how nature is helping mental health
The Guardian 10/09/2021
Two-hour ‘dose’ of nature significantly boosts health – studyThe Guardian 06/13/2019
Linked Articles
Biden Takes Aim at Corporate Consolidation, Big-Business Tactics
WSJ 07/09/2021
Antitrust’s New Mission: Preserving Democracy, Not EfficiencyWSJ 07/07/2021
Biden announces his $1.8 trillion Families Plan in his speech to Congress in April 2021. It is meant to help struggling families, women, workers and students.
Linked Articles
Biden’s Speech to Congress: Full Transcript
NYTimes.com 04/30/2021
Video: President Biden’s Joint Session AddressNYTimes.com 04/30/2021
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
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