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The US takes back its Chips industry from Taiwan, China +1, Japan and South Korea 1950-1990 to 2025-2040
04/16/2025
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
How Kamala Harris cut migration from Guatemala and other Central American states
07/31/2024
Katie Tobin deputy assistant to the president shows how Kamal Harris cut migration from Guatemala with her action to stabilize Guatemala after the destabilizing of the region by Reagan and Bush through wars started in the region. The achievements to get Guatemalans and Central Americans to stay home compares favorably with the wars and weapons sent to the region under Reagan-Bush that led to gangs taking over San Salvador and young people leaving. Consider $300 million in humanitarian assistance during COVID years, $5 billion in foreign investment lined up to create 250,000 jobs, pulling US AID and IDFC agencies for loans, and arranging for anti-corruption candidate to take over government in Guatemala following elections. It is an exceptional record achieved in a few months trying to undo decades of destabilizing Central America by Republicans Reagan and Bush. Reagan-Bush also destabilized the US with wars in the Persian Gulf, Iraq and Afghanistan, because infrastructure in US was neglected, and manufacturing jobs were shipped overseas under failures of Reagan-Friedman economic theories destroying communities across the US over three decades.
Linked Articles
Opinion | Kamala Harris Made Progress on the Border Crisis
WSJ 07/29/2024
As Republicans Attack Harris on Immigration, Here’s What Her Record ShowsNYTimes.com 07/31/2024
Li Keqiang and the era of Openness in China 1977-2023
11/02/2023
LI Keqiang was able to pass entrance exams to Peking University in 1977 after entrance exams were reinstated following Mao's death. He led the modernization of China during the 2000-2022 period two decades of fast growth turning China into a middle income industrialized country after centuries of decline. During this period China urbanized at a rapid rate and Li's advanced studies focused on urbanization. It was also a period when China realized the damage done to the environment and quality of air, water, with haphazard growth, and shifted to climate change action through focus on solar energy and limiting use of coal.
Linked Articles
China Mourns Former Premier Whose Death Hovers Over Xi Jinping
WSJ 11/02/2023
Next Premier Came of Age in Era of OpennessWall Street Journal 11/16/2012
The collapse of American education and the slowest growth in America's history 2000-2020 as Biden tries to reverse this in 2024
05/19/2023
Krugman looks at the extraordinary effort put in by Robert Gordon of Northwestern University to look at the growth of America since 1850 over periods 1850-1870, 1870-1910, 1910-1950, 1950-2000 and 2000-2020 showing that the last 20 years have the lowest growth in American history. Gordon looks at the near collapse of American education, scores on NAEP of two thirds of 8th graders failing reading comprehension reflect this sad state of affairs that president Biden is trying to reverse in 2024. Other research shows a drop in potential GDP of 2 percentage points when education is failing as it has been for 2 decades. Other researchers have shown what is openly evident today that technology such as social media do more harm, that other internet use technology has not done much for education only established monopolies as with Google and Apple.
Linked Articles
Paul Krugman Reviews ‘The Rise and Fall of American Growth’ by Robert J. Gordon
New York Times 01/25/2016
'Secular Stagnation' May Be for RealWall Street Journal 08/27/2014
Limits to China's economic recovery from local government debt and smaller pool of savings
03/07/2023
A smaller pool of savings and build up of debt during the pandemic limit the extent of China's economic recovery. The trillions of dollars of local government debt and the slowdown in the construction sector act as barriers to growth in China.
Linked Articles
Covid-Era Savings Are Crucial to China’s Economic Recovery
WSJ 02/26/2023
China’s Cities Struggle Under Trillions of Dollars of DebtWSJ 03/06/2023
On the occasion of Mr. Biden's launch of Indo-Pacific Economic Framework bringing together workers and families of America, Europe and India
06/01/2022
In 1931 Gandhi visited the Lancashire textile mill in Darwen owned by Quaker and Socialist Davies family. This BBC account of that visit shows the enthusiasm of workers in Lancashire for "Gandeye" and how Gandhi felt the workers treated him as one of their own. Only 14 years later the same workers and families voted in Labour and Clement Atlee who immediately started the negotiations with Gandhi for Hind Swaraj and the independence of India. It shows how Gandhi would look at the economic alliances and new supply chain president Biden announced and Mr. Scholz of Germany called for at the Hanover Trade Fair in 2022 - that the sound foundation for a new supply chain is the interests of American and European workers and families, as well as interests of workers and families in partner countries such as India in the Free World.
Linked Articles
When Gandhi met Darwen's mill workers
BBC News 06/01/2022
Gandhi Jayanti 2018 special: When Mahatma Gandhi was welcomed by textile mill workers of LancashireThe Indian Express 06/01/2022
Miscalculations by Putin's Russia and Neglect by Merkel and Bush-Obama- WSJ's Analysis of Events Leading to Ukraine war
04/03/2022
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
Pope Francis and the challenge of the modern world in 2020
11/27/2020
Two crises back to back in 2010 and 2020 putting the working class, middle class and poor further behind each ten years. Pope Francis calls this a challenge for the modern world in his new book "Let us Dream- The Path To a Better Future." He says "we cannot return to the false securities of the political and economic systems before the pandemic, we need economies that give access to all of the fruits of creation, to the basic needs of life, land lodging and labor."
Linked Articles
A Humble Pope, Challenging the World
New York Times 09/18/2015
Opinion | Pope Francis: A Crisis Reveals What Is in Our HeartsNYTimes.com 11/27/2020
French and British preparation for pandemics after SARS and H1N1 and losing interest with Brexit (Britain) eurozone austerity policy (France) by 2019
05/16/2020
Both Britain and France learned and prepared for pandemics all the way to H1N1 in France in 2009, and to the 2016 Cygnus exercize for pandemic in Britain, then lost interest and ditched the efforts. How did this happen, learn why here in extraordinary reports from the Le Mode cited by France 24 and in a report from the Times of London. A must for a dynamic participatory informed mindset needed more than ever today.
Linked Articles
Pandemic disarmament: Why France was ready for Covid-19 a decade too soon
France 24 05/17/2020
Coronavirus: 38 days when Britain sleepwalked into disasterThe Times 05/16/2020
Lessons in Fighting the Coronavirus - Flattening the Growth Curve
04/12/2020
Linked Articles
These simulations show how to flatten the coronavirus growth curve
Washington Post 03/20/2020
Are Countries Flattening the Curve for the Coronavirus?NYTimes.com 04/03/2020
Economic losses of 3% in GDP per head with Brexit and 8% with no-deal Brexit leaving Britons poorer
12/01/2018
As the Brexit option becomes clear as a hit to ordinary Britons and the British economy prime minister Theresa May takes her deal to the British parliament for a vote. Most opinion says it will be rejected, if not rejected outright by Conservatives and Labour MP's. A second vote may be taken. The Opposition Labour Party prepares for a new election with a divided government.
Linked Articles
The Economist 11/30/2018
Don’t write off the prime minister’s deal just yetThe Economist 11/30/2018
Corporate America's choice between corporate buybacks and increasing wages/making capital investments for growth to help the middle class
03/01/2018
Linked Articles
Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts
WSJ 03/01/2018
Corporate Tax Cut as Growth Elixir? Foreign Experience Suggests CautionWSJ 05/01/2017
The Trump 2017 Budget with $2.1 trillion counted twice and rosy estimates- accounting error, shifting priorities and economic-political risks
05/23/2017
Linked Articles
Donald Trump’s Balanced Budget Goal Rests on Questionable Math
WSJ 05/23/2017
Trump’s Budget Seeks Cuts to Taxes, Safety-Net ProgramsWSJ 05/23/2017
Kamala Harris tells America it is time to build an Opportunity Economy
08/17/2024
Creating opportunities for all and taking action on the Cost of Living concerns of ordinary Americans was the theme for Kamal Harris rally in North Carolina with president Biden. There she set out her economic plan to limit grocery costs, cut housing costs and cut pharmaceuticals costs, address child care, and pave the way for an Opportunity Economy, A New America Way Forward.
Linked Articles
Remarks by Vice President Harris at a Campaign Event in Raleigh, NC | The White House
The White House 08/17/2024
Harris vows to build ‘opportunity economy’ and attacks Trump on taxThe Guardian 08/16/2024
How low interest rates from the banks created 2009 financial crisis were squeezing Americans and most of all seniors
06/05/2024
In 2010 Charles Schwab pointed out that low interest rates were squeezing Americans, most of all seniors on fixed incomes and pensions. In 2024 first quarter the higher interest rates in one quarter alone created an additional $770 billion in interest and dividends for Americans, many of them seniors, according to US Federal Reserve. This is the damage done by the recklessness of the banks and financial sector and seniors have paid heavily for this and for the wars in the Middle East which reduced the growth potential of the US economy that were embraced by Reagan and Bush, Trump and Obama. The war money was not used to build new infrastructure to replace the old as it should have been leading to China having new infrastructure and America's being aging and worn out.
Linked Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Americans Have More Investment Income Than Ever BeforeWSJ 06/05/2024
How deceitful and self serving use of immigration in the UK led to making a good economy worse, and with strict immigration policy in Greece made a bad economic situation better
05/22/2023
How a strict migration policy in Greece leads to a 90% drop in migration and brings Greece in line with the rest of the European Union including Italy and Germany on migrant policy. Merkel simply and clearly made a serious error in letting in migrants through Hungary and Austria because it led to anti migration sentiment throughout the EU, to Brexit, to the sidelining of parties that worked in the interests of workers and families throughout Europe for a decade in which distorted economic policy lost public support till the pandemic made things even worse.
Linked Articles
Has Brexit left Britain in a better state?
The Times 05/21/2023
With His Party Ahead in Elections, Greek Leader Claims ‘Political Earthquake’NYTimes.com 05/22/2023
Clean drinking tap water for every home - the stark contrast between China and India
04/05/2023
What this tells one is that GDP requires a new indicator which is Quality GDP which will mean that if you pollute rivers and air then real GDP as an economic concept is totally inadequate even useless, unless one subtracts from that economic GDP number the amount of investment it would take to clean up the rivers or the air. If regulatory agencies cannot control industries from polluting rivers, the case in China, then an additional number has to be subtracted from economic GDP called regulatory deficiency adjustment. The GDP numbers were gained through indiscriminately burning fossil fuels and this means climate change damage so that to be correctly stated China's GDP number would have to be offset by deducting the adjustment for trillions of dollars in climate change correction action. This would shrink the gap between India and China's GDP to where India may be in a position using advanced technology, renewable energy, regulation, and large foreign investment to close the gap with China in the next 10-15 years. China could also benefit because of the new approaches taken by India could be something to learn from as the two countries each have the population of the EU and the US+ Canada combined.
Linked Articles
In China, the water you drink is as dangerous as the air you breathe | Deng Tingting
The Guardian 06/02/2017
Jal Jeevan Mission achieves 60% of its target, says govtHindustan Times 04/05/2023
Years of hyper growth followed by slight or shrinking growth in China
07/31/2022
For years China pushed hyper growth without correctly understanding the sources of that hyper growth and its consequences in the long run. Communities in the US and the EU simply could not cope with the hyper shift of factories from local regions to China that created the hyper growth in China. Local governments in China and self interested investment banks in the US and Eu pushed for this growth and the central government failed to act with restraining action. The result is alienated public in the US and EU, intense trade and competitive frictions and permanent damage to friendly US China, US EU relations. The domestic side of this hyper growth was the overdependence on the property sector which was asked to carry a bigger burden for development leading to the crisis today with local governments strained for financing by $900 billion as reported in WSJ today July 31. 2022. This did not need to happen. China entered this experiment with capitalism without restraining action with very little knowledge of the market economy and how it operates correctly only with restraining and corrective action in the interests of the whole people of the country. Too much has gone wrong for peoples on either side, the unintended effects and consequences in the simple unbridled pursuit of self-interest alone.
Linked Articles
China’s Economy Tested by Strained City Finances
WSJ 07/31/2022
China’s Manufacturing Sector Unexpectedly Contracts Amid Weak Demand, Covid LockdownsWSJ 07/31/2022
Disastrous economic losses for the former Soviet region including Russia from the Ukraine invasion
04/11/2022
Losses to the economy for Russia from 11% to 25%, for Ukraine 45%, for Belarus, Moldova and former Soviet republics 30%. This is the scale and magnitude of economic losses for this region. All sides in the war are losers and the spinoff effects are creating economic problems in other regions of Asia, Latin America and North Africa who have no connection to this war. Yet nothing has been solved.
Linked Articles
Ukraine economy to shrink by almost half this year, World Bank forecasts
The Guardian 04/11/2022
Russia-Ukraine war latest news: Austrian leader’s talks with Putin ‘very direct, open and tough’The Guardian 04/11/2022
India's growth predicted at an "unprecedented acceleration" in 2021-2022 after the pandemic
12/08/2020
India's unprecedented growth in mobile manufacturing planned for 2025 under PLI incentives and in 5G technologies by 2021-2022.
Linked Articles
HTLS 2020: India’s new era will be defined by the idea of decentralization
Hindustan Times 12/08/2020
‘India will prove cynics wrong...’: Mukesh Ambani on economy, Jio 5G, vaccineHindustan Times 12/08/2020
Chile's economic, political and health crisis in 2019-2020
07/23/2020
Linked Articles
Chile: Sebastian Pinera's government teeters towards collapse | DW | 22.07.2020
DW.COM 07/22/2020
‘Social Tsunami’ Slams a Top Latin American EconomyWSJ 12/19/2019
What Bill Gates and France had in common in the fight for health preparedness
05/11/2020
France had learned lessons from SARS epidemic and prepared for the H1N1 epidemic at the time that Bill Gates of Microsoft was pushing for greater awareness of public health priorities. Today Gates says this was not enough, that he did not do enough and feels terrible about it. The irresponsible banking practices that caused the financial crises first in the global financial crisis of 2009 and then in the eurozone financial crisis that followed by 2011 led to the ditching of the pandemic preparedness effort in France and Britain. In all of the western world including the U.S. austerity practices were the response without addressing the root causes of financial crises. Investments in public services and infrastructure were neglected leading to a level of unpreparedness that is shocking. Countries in lesser developed countries with more consciousness of the importance of public services and care of the vast majority of people were better protected in the crisis as a result than the more developed countries.
Linked Articles
WSJ 05/11/2020
Pandemic disarmament: Why France was ready for Covid-19 a decade too soonFrance 24 05/17/2020
East Gemany's struggle to find its own identity after young people leave and a sense of nostalgia for the economic security under the GDR
11/14/2019
By 2019 East Germany's search for identity is in full swing as it struggles with a nostalgia for the past before integration with west Germany, and following a departure of young people going west that leaves behind a rapidly aging society with less economic security. The promise of integration appears to be failed when seen as culture and identity, economic security.
Linked Articles
Germans still don’t agree on what reunification meant
The Economist 11/02/2019
Misrule in East Germany ‘triggered rise of the AfD’11/05/2019
Do tax cut benefits go mainly to the 10% of Americans who own 84% of the stocks- evidence of corporate buybacks vs increasing wages/new capital investment for growth to help the middle class
03/01/2018
Linked Articles
Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts
WSJ 03/01/2018
Tax Cuts Benefit the Ultra Rich, but Not the Merely RichThe New York Times 12/19/2017
Is the growth boom that supports the case for 2017 tax cuts skewed to higher income Americans based on evidence?- views of Greg Ip (WSJ) and Krugman (NYT)
12/20/2017
Linked Articles
Corporate Tax Cut as Growth Elixir? Foreign Experience Suggests Caution
WSJ 05/01/2017
Opinion | Passing Through to CorruptionThe New York Times 12/18/2017
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