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The Hong Kong, Taiwan crises and American risks in existing supply chains and manufacturing arrangements
10/06/2021
The crises in Hong Kong and Taiwan lead to a reevaluation of existing supply chain and manufacturing arrangements by the Biden administration. The coronavirus pandemic with over 700,000 deaths in the US and a large number of deaths in Europe and India are leading to a new awareness of the importance of manufacturing at home and not depending on far flung supply chains. Public perceptions have changed yet American companies continue to operate as before without an awareness of the changes in public perceptions.
Linked Articles
U.S. Trade Policy Adapts to a China That Will Never Change
WSJ 10/06/2021
China Would Be Able to Launch Attack on Taiwan by 2025, Island’s Defense Minister WarnsWSJ 10/06/2021
Joshua Wong, a very young democracy activist in Hong Kong
08/15/2016
Linked Articles
Hong Kong student Joshua Wong avoids jail over pro-democracy protest
The Guardian 08/15/2016
Joshua Wong: The 17-Year-Old Public Face of Hong Kong's ProtestsWall Street Journal 10/01/2014
Lt. Gen "Ben" Hodges, Commander U.S. Army in Europe, on the Russian moves towards Mariupol in eastern Ukraine in Feb. 2015
02/08/2015
Ben Hodges describes the Russian threat to peace in Eastern Europe under president Putin and the need for U.S. preparedness.
Linked Articles
The View From NATO’s Russian Front
Wall Street Journal 02/09/2015
Desperation and Destruction in Contested Ukraine CityNew York Times 02/08/2015
The Hong Kong legislature votes 28-8 to reject the Beijing election plan with 34 walking out- staying with the current system where a Chief Executive is elected from 1200 business and political leaders
09/29/2014
The current system actually may offer more choice of candidates as it provides for a Chief Executive to be elected from 1200 business and poltiical leaders from Hong Kong, compared to the Beijing plan to have a pro-Beijing committee vetting candidates. This realization led to the historic vote in the legislature after the failure to convince the government led by Xi Jinping to allow free choice of candidates.
Linked Articles
Hong Kong Votes Down Beijing-Backed Election Plan
Wall Street Journal 06/18/2015
Protests in Hong Kong Have Roots in China’s ‘Two Systems’New York Times 09/29/2014
Hong Kong's new chief executive Leung Chun-Ying and the mood in Hong Kong
05/25/2012
Linked Articles
Hong Kong's New Leader Is Sworn In
Wall Street Journal 07/01/2012
Hong Kong's New Leader Seeks GrowthWall Street Journal 05/25/2012
Bank of England's Mervyn King and the new Business Secretary Cable see a need to shrink the banks.
10/21/2009
Policy on banking regulation will be shaped by two visions of the future of banking, Tory and Liberal, both agree on the need to reduce sysemic risks posed by large banks.
Linked Articles
Economist 05/13/2010
BOE's King: Big Banks Should Get Broken UpWall Street Journal 10/21/2009
The shortsigtedness of Detroit automakers union and management.
12/05/2008
Both the automakers unions and management lacked the vision and courage to break totally with the status quo. The unions in hanging onto higher medical benefits and the management onto their higher compensation, and the management failing to shift to higher fuel efficiency standards comparable to competitors in Europe as mandated by the EU. In the process they stand to lose the higher medical benefits, and the higher compensation under government oversight as condition for loans, and along with that the jobs of unions and of management as well as the huge downsizing occurs in 2009.
Linked Articles
New York Times 12/05/2008
Toyota delays new Prius plantDetroit News 12/16/2008
China takes the "long" view in Hong Kong as too much is at stake for China's international profile and trading relationships
09/08/2019
Linked Articles
Hong Kong Chief Executive Carrie Lam privately told business group she'd quit, if she could
NBC News 09/06/2019
Merkel renews call for peaceful resolution to Hong Kong protestsSouth China Morning Post 09/07/2019
U.S. defense preparedness in Europe and in other continents in 2015-2016- the views of Lt. Gen. "Ben" Hodges and Gen. Raymond Odierno
02/09/2015
Linked Articles
This Is No Time to Cut The U.S. Army
Wall Street Journal 08/14/2015
The View From NATO’s Russian FrontWall Street Journal 02/09/2015
Looking back at Hong Kong and China today and yesterday- China in 1842 and in 1945, nationalism and commercial interests of foreign powers
01/09/2015
A wariness with foreign powers in China stems from the influences left behind from the British commercial interests and the Japanese invasion of China. Compared to that period, the period of collaboration on an equal footing and playing field is is a short and recent one that has taken place for just three decades 1985-2015. Fears that the accelerated development in China could slow down without a strong central government, combine with the awareness of the need for western technology and open communications in today's global economy to accelerate the development, create in the Chinese mind a problem that needs to be tackled carefully to continue progress. Awareness of the huge inequalities and corruption in the rush towards modernization, need to tackle extensive contamination of air and water, and need for social security and healthcare for an aging population create a new urgency for careful policy making to sustain progress.
Linked Articles
Wall Street Journal 01/12/2015
‘China 1945,’ by Richard BernsteinNew York Times 01/09/2015
U.S. Fed chairman Bernanke's activist interest rate policies to tackle high unemployment and central bankers from MIT
12/12/2012
A pragmatic activist focus in economic thinking shaped at the MIT economics department in Cambridge, Masachusetts. The ECB's Mario Draghi, Bank of England's Mervyn King, and Bernanke shaped their thinking at MIT. Draghi and Bernanke had the same PhD. advisor- Stanley Fischer. Factors calling for a pragmatic approach include the lack of political agreement on th deficit, the housing and foreclosure crisis effects, higher inequality and unemployment effects on the middle class, the effects of the globalized economy on working class manufacturing jobs, people dropping out of the labor foce, and lower inflation, which called for a larger focus on unemployment. Bernanke emphasized the "enormous waste in human potential and productive resources of the economy" throughout 2009-2012. Draghi emphasized the abnormal nature of excessive borrowing interest rates for Italy and Spain during the ECB's bond buying efforts in 2011-2012. Both efforts had a stabilizing effect on the economies of the U.S. and Europe during a period of political discord about future policy.
Linked Articles
Wall Street Journal 12/13/2012
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' TiesWall Street Journal 12/12/2012
Two central bank chiefs compared- Shirakawa at the Bank of Japan, Bernanke at the U.S. Federal Reserve and King at the Bank of England
01/30/2012
A cautious Shirakawa compared to a vigorous Bernanke, Draghi and King from the MIT School of Economics.
Linked Articles
Bernanke's Imprint on Fed Not Easily Erased
Wall Street Journal 01/30/2012
Vote Challenges Japan's Central BankWall Street Journal 12/13/2012
Bank of England Governor, Mervyn King's warning about the fiscal deficit and Conservative efforts under Osborne.
10/08/2009
The Conservatives made cutting the fiscal deficit a key part of their platform. King warned about the fiscal deficit assuming alarming proportions during the election.
Linked Articles
The Bank of England's Kingmaker
BusinessWeek 05/13/2010
That's more like itEconomist 10/08/2009
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