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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 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
Biden at Independence Hall Philadelphia in 2022 and Lincoln in 1861 on the way to the White House at the start of the Civil War- "Battle for the Soul of the Nation"
09/03/2022
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
De Klerk, Desmond Tutu, Mandela and the New South Africa
12/27/2021
South Africa's amazing transformation into a racially harmonious society, with people of black, white, Afrikaans, English Afrikaans, Indian, building a new South Africa owes a lot to the leadership, humility, and vision of De Klerk and Desmond Tutu, as well as Nelson Mandela. South Africa's experience offers a new sense of hope that no matter what the difficulties involved one can pull together people of different backgrounds and cultures into a united country. It is in keeping with the best ideals of Britain and of India's Mohandas Gandhi who started his work in Cape Town, South Africa.
Linked Articles
Desmond Tutu, Archbishop Who Helped End Apartheid, Dies
WSJ 12/26/2021
Legacy of FW de Klerk, South Africa's last leader under apartheid | DW | 11.11.2021DW.COM 11/11/2021
To age well and stay fit take the Yoga Way
11/30/2020
Strengthen the knees with the bridge and other yoga poses that involve weight bearing. This is very important for anti-inflammation say experts, particularly as one grows older. This along with eating right for gut health with more fibre in the diet and daily exercize provides the basic components for ageing well into ones eighties, say experts.
Linked Articles
New to yoga? Do these 5 things to protect your back, shoulders and wrists
NBC News 07/23/2019
5 exercises that target and tone the inner thighsNBC News 07/23/2019
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
The Kushner family and Jared Kushner- public scrutiny and the period as White House Adviser
04/02/2018
Linked Articles
The Kushners Saw Redemption in the White House. It Was a Mirage.
The New York Times 04/01/2018
Jared Kushner’s Vast Duties, and Visibility in White House, ShrinkThe New York Times 11/25/2017
Sharp contrast between the Trump and Clinton economic plans- Trump's negative in the long run, Clinton's positive in the long run
10/18/2016
Economic experts look at the Trump and Clinton economic plans, Trump's based on extreme borrowing and Clinton's careful about deficits. Trump's plan aggravates the wide disparities in income in America after the tech booms and Clinton's reduces these disparities. Clinton's preserves global trading system while addressing the problems, Trump's moves in the direction of protectionism and high tariffs with potential unintended consequences for the global economy.
Linked Articles
Donald Trump’s Economic Plan, Up Close, Doesn’t Add Up
WSJ 10/18/2016
Donald Trump’s Tax Plan Would Boost Economy in Short Run but Not Long Term, Analysis FindsWSJ 10/17/2016
A Donald Trump rally in March 2016, Pensacola and Orlando, Florida- anti-establishment politics and the white working class voter
01/27/2016
Linked Articles
Anxiety Fuels Donald Trump’s Supporters
Wall Street Journal 01/27/2016
What His Believers See in Donald TrumpWall Street Journal 03/09/2016
The problems threatening the white working class in America and the rise of cultural illiberalism
11/12/2015
Experts point to the economic anxieties of the white working class in America, a broad group that has increasingly fallen behind as technology advances in the 21st century with globalization and mobile capital, causing serious social fissures in society. One of the dangers is to the ideas of liberal society itself with the rise of cultural illiberalism, such as that presented by the Trump candidacy for president in 2016, and Marie Le Pen's National Front in France, as liberal elites in centre right and centre left lose their hold on working class voters.
Linked Articles
The Bleak Reality Driving Trump’s Rise
Wall Street Journal 12/16/2015
The missing working class - The Washington PostWashington Post 11/12/2015
The women's vote in 2016 U.S. presidential election and the antiincumbency mood of 2016- risks for Clinton running a cautious campaign and big risks for Trump
06/11/2015
Hillary Clinton needs a vigorous campaign away from the cautious instincts of the early days of her campaign, as Trump seeks to deflect criticism by attacking Hillary Clinton, say experts. The risks are high for Trump if the effort backfires alienating the vast majority of women, including Sanders supporters, independents and traditional Republican moderates. This is one of the wild twists of the campoaign of 2016- a candidate apparently making sexist comments to attract the support of white women voter- and men.
Linked Articles
Hillary Needs More Than the Obama Coalition
Wall Street Journal 06/11/2015
Donald Trump’s Gender-Based Attacks on Hillary Clinton Have Calculated RiskNew York Times 04/28/2016
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
Two party systems and Malaysia's UMNO Party- (2) the future economic prospects of Malaysia under Razak, India under Modi, Indonesia under Widodo
12/08/2014
Najib Razak follows his father Tun Abdul Razak, Mahathir before him, all the way back to Tunku Abdul Rahman, all of the UMNO party, in an uninterrupted control of the United Malay Naional Organization Party which has ruled Malaysia for almost 6 decades. Malaysia has followed the example of Lee Kuan Yew in Singapore by keeping the opposition parties weak to maintain control. Both the UMNO and the party of Lee in Singapore face questions about the merits of suppressing the development of two party systems, at a time when government is changing hands to opposition parties in most of the region and improving economic prospects in each country with a change of government- Abe in Japan, Widodo in Indonesia, Modi and Sharif in India and Pakistan, Aquino in the Philippines, Wickremesinghe in Sri Lanka. A economic drift with no clear direction under Singh and Bhutto in India and Pakistan was reversed with the election of Modi and Sharif, the economic drift and deflation under the Kan and Noda governments was reversed in Japan with the election of Abe, and the economic drift in Indonesia is being reversed by the Widodo government. This shows how critical two party systems are to functioning democracies as middle classes develop and voters look for competing views of the future to choose from.
Linked Articles
Fund Controversy Threatens Malaysia’s Leader
Wall Street Journal 06/19/2015
Indonesian President Joko Widodo Pledges to Cut Investment BarriersWall Street Journal 12/08/2014
DJT energy and climate change policy as response to China getting away with 80 GW of new coal powered electricity plants for 2024 under Paris Agreement
01/31/2025
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
"Pay their fair share of taxes" Biden asks of corporations showing 2017 predecessor tax cuts did not increase investment and added $100 billion yearly to the US Deficit
03/08/2024
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
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
America's self-reliant economy - Biden with Trumpian undertones
01/21/2021
The Biden administration is seen as continuing the efforts of president Trump to pursue American interests in trade, technology, American workers and business to restore America's leadership role in the free world to what it was in the 1950's. Biden from Delaware is in the same tradition as president Harry Truman from Missouri in that period. Because of Biden's age this could be a one term presidency, and strange as it may sound it could be a presidency of Trump in foreign affairs and trade, technological leadership, without the rhetoric, and a socially cohesive presidency of Democrats in the tradition of Harry Truman. What then to make of all the fights of the Trump presidency? Much of this can be seen as an effort to break the status quo which did not benefit American workers.
Linked Articles
Biden’s Economic Team Charts a New Course for Globalization, With Trumpian Undertones
WSJ 12/01/2020
Trump touts record of ‘no new wars’, standing up to China in farewell addressFrance 24 01/21/2021
Anti-age your immune system and protect against the coronavirus
11/30/2020
Linked Articles
Anti-age your immune system — here’s how to turn back the clock
The Times 11/04/2020
Super bubbles and exercise tips to keep elderly well this winterThe Times 11/10/2020
Aging of the white population in the U.S. and the effects on politics, trade, immigration and other issues by 2018
06/21/2018
Linked Articles
Fewer Births Than Deaths Among Whites in Majority of U.S. States
New York Times 06/20/2018
Growth in Retiring Baby Boomers Strains U.S. Entitlement ProgramsWSJ 06/21/2018
Shinzo Abe and Japan's personal approach to diplomacy with the Trump administration
02/10/2017
Linked Articles
To Bond With Trump, Japan’s Abe Takes a Swing at Fairway Diplomacy
WSJ 02/10/2017
Trump targeted Japan during the campaign. Now its prime minister is embracing the new president.Washington Post 02/10/2017
"Deaths of Despair", the causes and effects in a larger context, and the drop in America's ranking in the Social Progress Index to 19th in 2016
07/01/2016
How the middle aged white Americans 45-54 are faring in the current environment with fewer opportunities and greater vulnerabilities in health, education incomes, savings, quality of life, mortality, upward mobility, for this group. Tragically this means their children and the next generation is also affected in the way fewer opportunities are available in the future. The situation is unique to America with weaker social protection than Europe, and to Britain because of years of austerity. There are no quick fixes with easy slogans, and requires first a national awareness, national consensus, and may require the better part of a generation to solve and restore the hope and promise of Jefferson in making the "inalienable rights of life, liberty, and the pursuit of happiness" available to all.
Linked Articles
Rising Death Rates for Middle-Aged White Americans Are Forcing a Policy Rethink
WSJ 06/30/2016
The U.S. Now Ranks 19th in ‘Social Progress,’ With Finland and Canada Topping the ListWSJ 06/30/2016
Criticism of the $8.3 million Dec. 2015 'comfort women' agreement between Japanese prime minister Abe and South Korean prime minister Lee
12/29/2015
Linked Articles
South Korean and Japanese Leaders Feel Backlash From ‘Comfort Women’ Deal
New York Times 12/29/2015
Coming to Terms on Japan’s Wartime Sex SlavesNew York Times 12/30/2015
China's efforts to transition to a new model for development in 2016-2017, based on consumers and not on heavy state spending
08/25/2015
Xi-Jinping and Li Keqiang face a challenge and choices not unlike the one facing Deng Xiaoping in the 1980's- now the challenge is how to move China beyond the middle income status it has achieved with all its accompanying problems of environmental destruction, corruption and aging population.
Linked Articles
Economist 01/23/2016
Political Risks May Foil Economic Reform in ChinaNew York Times 08/25/2015
What Greece won in the negotiations and what Greece lost in the failure of talks with the EU, capital controls, closing of banks and the referendum on July 5, 2015
02/27/2015
Major concessions were won by Greece on the most important issues of the surplus, and the size of the public sector with high unemployment. Compromise was being reached on the value added taxes and age for getting pensions, next down the list. Next on the list were pension cuts which undoubtedly would hurt pensioners but in the larger picture of the economy would come after the size of the surplus and dateline, and the size of public sector. The size of these cuts is small compared to the cost of 60 billion euros from the damage done to the economy, and the alternatives for pensioners and the rest of the country. under bank closure. For the EU this was seen as part of pension reforms and for left leaning Syriza compromising on behalf of pensioners.
Linked Articles
IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief
Wall Street Journal 07/03/2015
What Greece WonNew York Times 02/27/2015
The case for a minimum wage for U.S. workers with families to support- how Australia approaches the issue taking into account the median wage
12/31/2014
Australia's minimum wage is 54% of the median wage, compared to 38% for the U.S., according to the OECD. Australia's wage setting body sets the minimum wage for workers over 20 years of age, and takes into account the median wage in the interest of fairness. Workers with families to support need the Australian minimum wage of 16.87 Australian dollars ($13 U.S.). All of this money goes into consumer spending providing an immediate boost to the economy.
Linked Articles
Australia Weighs Whether Its Minimum Wage Is Too High
Wall Street Journal 01/26/2015
States’ Minimum Wages Rise, Helping Millions of WorkersNew York Times 12/31/2014
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