Japan Then, China Now

Japan Then, China Now

Ironically, Trump has summoned the same Robert Lighthizer, veteran of the Japan trade battles of the 1980s, to lead the charge against China. Unfortunately, Lighthizer seems as clueless about the macro argument today as he was back then. 

In both episodes, the US was in denial, bordering on delusion. Basking in the warm glow of untested supply-side economics – especially the theory that tax cuts would be self-financing – the Reagan administration failed to appreciate the links between mounting budget and trade deficits. Today, the seductive power of low interest rates, coupled with the latest strain of voodoo economics – Modern Monetary Theory – is equally alluring for the Trump administration and a bipartisan consensus of China bashers in the US Congress. 

‘Unforgettable’ Footage of Endless Line of Cars at Food Banks a Stark Illustration of Coronavirus Crisis in US

‘Unforgettable’ Footage of Endless Line of Cars at Food Banks a Stark Illustration of Coronavirus Crisis in US

Feeding South Florida executive vice president Sari Vatske noted in an interview with the Daily Mail that with stay-at-home orders in her state curtailing the available workforce to handle an unprecedented surge in those needing aid, there may be trouble ahead in how to efficiently distribute the food. 

China Tech Talk Episode #86: China’s social credit system: Everything you know is wrong with Kendra Schaefer

This topic has come up, recently, so reblogging.

Tina Marie (Ms. Cat)'s avatarMs. Cat’s Chronicles

China’s social credit system (SCS) gets a lot of attention outside of China yet it’s still very misunderstood. Many scholars and China watchers have shed light on the topic, but none have done it so concisely and accessibly as Kendra Schaefer and her team at Trivium China. She joins us this week to explain how the SCS is a broad framework for better regulation and enforcement and how it applies to companies, individuals, and government agencies.
— Read on chinatechtalk.simplecast.com/episodes/86-chinas-social-credit-system-everything-you-know-is-wrong-with-kendra-schaefer-anxSw0ns

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