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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
"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
Reagan, Greenspan and America's lost years 1980-2009
11/17/2023
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
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
Friendshoring- US Treasury Secretary Janet Yellen and Jake Sullivan NSA Advisor's call to invest in India
03/07/2023
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
From the Himalayas to the Indo-Pacific - the common element
07/13/2022
How a free and open Himalayas and a free and open Indo-Pacific share a common element of being free and open throughout history and how the US mission of free navigation in the Pacific and the Indian efforts in the Himalayas seek to maintain this.
Linked Articles
China ‘drives away’ US destroyer in South China Sea
The Times 07/13/2022
S Jaishankar: Prime Minister Modi Has Given First Priority To Foreign PolicyThe Indian Express 07/13/2022
A second Macron vs. Le Pen presidential debate in France in 2022
04/21/2022
Cost of living and Le Pen's ties to Russia emerge as key issues in the debate. Macron appears to be the more convincing in his grasp of facts and claity of thinking, with a Elabe snap poll showing 59% think Macron more convincing to 39% Le Pen. France's welfare state in a way that the US and Britain are less so, means that other solutions are needed for cost of living and the decaying small towns and rural areas. A next generation industrial revolution is needed to bring jobs home and closer to home to revive both France and Europe after decades of shifting jobs and industry to China. Needed only is the will and aspiration to do so.
Linked Articles
Macron and Le Pen clash on Russia in feisty debate ahead of presidential run-off
France 24 04/21/2022
France’s Macron and Le Pen Clash During Presidential DebateWSJ 04/20/2022
China burns more coal with power shortages in 2021 risking climate change targets
10/29/2021
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
Jill Biden and the analogy with Eleanor Roosevelt in wartime America
09/21/2021
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
U.S. China Phase 1 Trade Agreement not working out
01/15/2021
Linked Articles
A Year On, China Falls Short on Trade-Deal Targets
WSJ 01/15/2021
China Exports Generate Record Trade SurplusWSJ 12/07/2020
China's buildup since Doklam on the LAC with India
09/22/2020
Linked Articles
China doubled its air bases, air defences and heliports near LAC in three years: Report
Hindustan Times 09/22/2020
Exclusive: In Doklam, Chinese Built New Roads In Last 2 Months, Show Satellite PicsNDTV.com 12/12/2017
The Leshan Buddha on the Yangtze River and China today
08/20/2020
Linked Articles
Is a Buddhist Group Changing China? Or Is China Changing It?
NYTimes.com 08/20/2020
Floods reach toes of China's Leshan Giant BuddhaBBC News 08/19/2020
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
Mitch McConnell on the Senate floor "dithering and hesitation have compounded the challenges we face" and the passage of $61 billion aid to Ukraine April 2024
04/26/2024
Mitch McConnell persuades 31 Republican Senators a majority of his caucus to support Ukraine's defense by joining Democrats, working "shoulder to shoulder" with Democrat Pat Schumer to get passage of Ukraine aid legislation in the vote 79 to 18 in April 2024. It comes at a critical moment of the defense of Kharkiv, Ukraine's second largest city, just 25 miles from the border as shown by NYT in April 24 coverage. It is part of the larger effort to secure a peace in Ukraine with the help of India and China as the war drags on for another year.
Linked Articles
Bucking G.O.P. Isolationists, McConnell Was Linchpin in Winning Ukraine Aid
NYTimes.com 04/24/2024
Senate Approves Aid for Ukraine and Israel, Sending It to Biden’s DeskNYTimes.com 04/24/2024
Contrasting views of Henry Kissinger who made the opening to China in 1971 yet also expanded other conflicts
12/01/2023
Kissinger created other conflicts with controversial positions on Chile, Cyprus, Vietnam and Indochina, and at the same time made the opening to China under Nixon in 1971. He was received by president Jinping in Beijing recently as one who had created a positive atmosphere of relations with China- in Kissinger's 100th year.
Linked Articles
Kissinger, Metternich, and Realism
The Atlantic 12/01/2023
Opinion | Henry Kissinger, the HypocriteNYTimes.com 12/01/2023
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
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
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
The movements in Bombay from George Fernandes to Bal Thackeray that failed to transform the commercial capital of British India and the state of Maharashtra
07/02/2022
Lacking the capital, technology and the industrial expertise on an American scale the early efforts for rapid development struggled in the state of Maharashtra and India. just as they had struggled under volatile politics of Mao in Beijing, Shanghai and China.
Linked Articles
Shiv Sena | The Maratha tiger in its labyrinth
The Hindu 07/02/2022
Remembering George Fernandes: A selfless politicianThe Indian Express 07/02/2022
Deforestation- is the pledge at COP26 Glasgow a bit too late for Indonesian rainforest?
11/02/2021
This is one of the amazing links in Lyrarc because it shows WSJ article from 2007 noted by Lyrarc that year, showing UN maps on deforestation in Borneo island in Indonesia for 2000, 2005, 2020. By 2020 most of the rainforest is shown as gone. Deforestation and climate ecologist Clare Rewcastle Brown, sister in law of former British prime minister Gordon Brown, from Britain, recalls colonial days in Sarawak, north Borneo Island, where her father was a police officer. And how much of the canopy of forest from that part of Malaysia was disappearing. She continued her protests from outside Malaysia in 2013 as reported by NYT and noted in Lyrarc that year. This is an amazing story of how deforestation of some of the last rain forests in the world took place at a time when awareness of climate change was sorely lacking in 2007-2013, and how by 2020 the rain forests in Borneo may have already disappeared from planet earth to combat climate change. One woman's fight and a fight that is still on after world leaders took a pledge to end deforestation on the planet by 2030 including Russia, Brazil, Indonesia, China, and the US, and a UN report that had the foresight to show a rainforest disappearing in 2007 in Tom Wright's WSJ report from Surabaya, Indonesia the same year.
Linked Articles
WSJ 07/03/2007
Barred From Malaysia, but Still Connecting With Critical JabsNew York Times 08/16/2013
The shift in Europe's relations with China from Prague to Paris
10/26/2021
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
Rule of Law and Good Governance - the transformation of India's largest state Uttar Pradesh
09/21/2021
Sushasan- Good Governance, and Surakshan- Rule of Law, for the first time since independence in 1947 India's largest state with a population of 250 million people is being transformed. This creates the right climate for domestic and foreign investment. The Swachh Bharat (Clean India) and Jal Jeevsn missions for water, electricity for every home projects provide the underpinnings of future development.
Linked Articles
The Indian Express 09/20/2021
In Uttar Pradesh, does the BJP have an edge?Hindustan Times 09/20/2021
Floods and climate change in Bangladesh, China, India, and Indonesia in 2020
09/22/2020
Linked Articles
A third of my country was just underwater. The world must act on climate | Sheikh Hasina
The Guardian 09/22/2020
Floods Inundate Sinking Jakarta, Leaving 16 Dead After Torrential RainWSJ 01/02/2020
Bringing factories and jobs home from China
08/27/2020
Linked Articles
Opinion | Bringing the Factories Home
WSJ 07/19/2020
Covid-19 forces France to look at relocating its pharmaceutical industryFrance 24 05/15/2020
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