The ban will challenge many semiconductor manufacturers in the coming months. After two years of flat consumer demand, exacerbated by the global semiconductor shortage, many companies are predicted to struggle to stay afloat. Access to critical raw materials like gallium, germanium, and antimony is becoming increasingly important due to the heightened demand for electronics due to AI.
Most of Project 2025 would have economic implications if implemented and many proposals would affect Americans on a personal finance level. While this is not an exhaustive list, here are some key proposals:
Former US President and 2024 Republican presidential candidate Donald Trump has vowed to disrupt the increasingly close relationship between Russia and China if he is reelected. During a live interview with journalist Tucker Carlson in Arizona, Trump accused President Joe Biden’s administration of fostering an environment that allowed Russia and China to solidify their ties, a relationship Trump believes poses a significant risk to US interests.
Never get involved in a land war in Asia, MacArthur had told Kennedy, because if you do, you will be repeating the same mistake the Japanese made in World War II—deploying millions of soldiers in a futile attempt to win a conflict that cannot be won.
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Kennedy appreciated MacArthur’s soothing judgment on Cuba (and would soon change the military’s top leadership—perhaps in keeping with MacArthur’s views), but then shifted the subject to Laos and Vietnam, where communist insurgencies were gaining strength. The Congress, he added, was pressuring him to deploy U.S. troops in response. MacArthur disagreed vehemently: “Anyone wanting to commit ground troops to Asia should have his head examined,” he said. That same day, Kennedy memorialized what MacArthur told him: “MacArthur believes it would be a mistake to fight in Laos,” he wrote in a memorandum of the meeting, adding, “He thinks our line should be Japan, Formosa, and the Philippines.” MacArthur’s warning about fighting in Asia impressed Kennedy, who repeated it in the months ahead and especially whenever military leaders urged him to take action. “Well now,” the young president would say in his lilting New England twang, “you gentlemen, you go back and convince General MacArthur, then I’ll be convinced.” So it is that MacArthur’s warning (which has come down to us as “never get involved in a land war in Asia”), entered American lore as a kind of Nicene Creed of military wisdom—unquestioned, repeated, fundamental.
Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami.
Earlier this fall, President Joe Biden’s top aides met a pair of progressives who had arrived in the West Wing with reams of data and a private warning: “Bidenomics” wasn’t breaking through.
“As the Biden administration attempts to deny the death toll of Israel’s campaign of mass murder in Gaza and sell genocide as a stimulus for the U.S. economy, these are the death merchants profiting from the war machine.”
Nick Fischer is Adjunct Research Fellow of the School of Philosophical, Historical and International Studies at Monash University, Melbourne. He answered some questions about his book Spider Web: The Birth of American Anticommunism.
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