WASHINGTON, Feb 28 (Reuters) – The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare.
Biden to require chips companies winning subsidies to share excess profits
Tag: Research and Development
Unexpected: Studies Suggest That Rather Than Killing Jobs, AI Could Revive The Middle Class + More
We’ve certainly been talking a lot about the “AI Doomers” who insist that AI is all too likely to destroy humanity. However, even people who aren’t fully on board with the existential threat of AI do often say that, at the very least, it’s going to destroy jobs for most people, potentially creating huge problems. For years now, people have been arguing for universal basic income, in large part, because they think that automation and AI will take away everyone’s jobs. I mean, it was a core plank of Andrew Yang’s silly run for President.
Studies Suggest That Rather Than Killing Jobs, AI Could Revive The Middle Class
Related:
[2017] “Another kick in the teeth”: a top economist on how trade with China helped elect Trump
David Autor believes both these things to be true: one, that Donald Trump’s diagnosis of trade with China as the source of woe for countless American workers was both accurate and a crucial part of his appeal on his march to the White House. And two, that Trump’s plan to help those workers by cracking down on trade is likely to backfire.
Biden Stunts Growth in China for Chipmakers Getting US Funds
The Biden administration unveiled tight restrictions on new operations in China by chipmakers that get federal funds to build in the US, potentially hampering efforts to expand in the world’s largest semiconductor arena.
Biden Stunts Growth in China for Chipmakers Getting US Funds
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage
Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”
Related:
How manufacturing chips in the US could make smartphones more expensive
Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.
Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼♀️
The Sino-American Tech Trap
Technology is ground zero in the conflict between the United States and China. For the American hegemon, it is about the leading edge of geostrategic power and the means for sustained prosperity. For China, it holds the key to the indigenous innovation required of a rising power. The tech war now underway between the two superpowers could well be the defining struggle of the twenty-first century.
The Sino-American Tech Trap
A Peculiar Form of American Madness
America is touched by a peculiar form of collective madness that sees military action as creative rather than destructive, desirable rather than deplorable, and constitutive to democracy rather than corrosive to it.
A Peculiar Form of American Madness
Congress Unveils $858 Billion NDAA
Congress Unveils $858 Billion NDAA
The NDAA also includes $800 million in the Ukraine Security Assistance Initiative, a program that allows the US government to purchase weapons for Ukraine. But the vast majority of spending on the Ukraine war will come through emergency funding, and the White House is hoping Congress approves a new $37.7 billion tranche of Ukraine aid during the lame-duck period.
Video via Activist News Network
[2011] The Tyranny of Defense Inc.
In 1961, Dwight Eisenhower famously identified the military-industrial complex, warning that the growing fusion between corporations and the armed forces posed a threat to democracy. Judged 50 years later, Ike’s frightening prophecy actually understates the scope of our modern system—and the dangers of the perpetual march to war it has put us on.
The Tyranny of Defense Inc.
Biden’s Tech-War “Goes Nuclear”
Biden’s Tech-War “Goes Nuclear”
So, where is all of this heading, you ask?
To more conflict, more confrontation, higher prices, lower standards of living and, eventually, a disintegration of the prevailing order. That much is certain. The problem, of course, is that the China hawks now control the levers of power in Washington which means that the attacks on China will intensify, decoupling will accelerate, and a massively-destabilizing international crisis will soon follow.
Related:
Explained: How Americans In Chinese Tech Firms Might Have To Choose Between US Citizenship And Job
White House seeks more Ukraine weapons support in Senate NDAA
The Biden administration on Tuesday laid out its vision for the Senate version of the annual Pentagon policy bill on a range of issues, including a new nuclear missile, visas for Afghans and a lack of funds for military construction projects.
White House seeks more Ukraine weapons support in Senate NDAA
Ms. Cat’s Chronicles 
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