US arrests alleged Sinaloa cartel leader and son of ‘El Chapo’ in Texas sting operation
An alleged Mexican drug kingpin suspected of flooding the United States with deadly fentanyl and who evaded authorities for decades is in US custody after he was apparently lured across the border by federal agents.
US sanctions going well
Xiaomi founder Lei Jun said US sanction fears spurred smartphone maker’s EV push
Within two months of being temporarily placed on a US military blacklist, Xiaomi announced plans to enter China’s saturated electric vehicle market.
Odd how this happens just as America's foreign policy talking heads had to turn onwards to deal with Biden's collapse...
Almost as if the US is the main impediment to peace in the region.
Can you spell racism for me?
Eindhoven University of Technology is near ASML’s hometown. US ambassador questioned why it has so many Chinese students.
A top Dutch technical university that is a key feeder for ASML Holding NV talent has been caught in the crosshairs of the US-China chip war as Washington seeks to limit Beijing’s ability to produce semiconductors.
The CHIPS Act was signed in 2022.
In 2022, what were the top bleeding-edge node semiconductor fabs? TSMC (Taiwan), Samsung (South Korea), and Intel (USA). Do you see China on that list?
In 2022, what was the only company with a functioning 28nm DUV lithography machine? ASML (Netherlands).
US sanctions -- and US sanctions alone -- pushed Chinese investment into semiconductors. If you actually worked in the industry, you'd know that the Chinese government has tried for more than a decade to get Chinese companies to use Chinese semiconductor tech... To no avail. The US stabbed itself in the foot, pushed Chinese private capital into Chinese semiconductor firms (instead of foreign ones), and the rest is history. This is basic capitalist theory.
I guess you can also ignore the $15 billion bailout for airlines?
But sure, let's talk about the great backlash to the GM bailout... ignoring the Chrysler bailout. Ignoring the bailouts of JP Morgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs... All essential for national security, or so I'm told.
Let's now talk about companies in China's EV race... WM Motor, which used to outsell Tesla, is gone. Byton, gone. Aiway, gone. Levdeo, gone. Mitsubishi, gone. Honda, Hyundai, and Ford? All desperate to cut out their JVs.
Western countries support individual companies constantly.
Intel received $8.5 billion in funding under the CHIPS Act
The General Motors bailout forced the US government to write off a $11.2 billion loss
Shell, ExxonMobil, and others have received countless billions in O&G subsidies
Government sales make up $49.2 billion, or 74.6% of Lockheed Martin's total sales
The entire principle of US industrial policy is that the government does nothing and everything should be outsourced to a private contractor. Inherently that must mean supporting some private companies more than others.
Your argument makes literally no sense when considering that Chinese companies consistently and notoriously sell their products in China for a fraction of the cost of the export models. BYD's Atto 3 sells for $20k in China and more than $40k in the EU, for example. Those export prices aren't subsidized. In fact, their margins are absolutely absurd.
The fact is that China has figured out industrial manufacturing and can build the same class of product for half the price... Or less. Of course, there's no reason to pass those savings onto consumers without competition, and export markets are simply less competitive than China.
Economics says that Chinese companies are just more efficient as a whole - through sheer competitive advantage, China can produce more per work-hour than everyone else. In fact, this has been a huge problem for China's labour demographics as there's just simply no more manufacturing jobs - an auto factory that would've employed thousands just a decade ago might employ barely a few hundred today. Instead of outsourcing to other countries, most of those jobs have been literally outsourced to robots
The story not being told is that Chinese factories are absurdly automated compared to the rest of Asia - their competitors are South Korean and Japanese factories, but they're entering markets that are still heavily labour-centric. China is spearheading this new evolution of industrial manufacturing and everyone else is forced to either adapt or die.
4.7% YoY Q2
5.3% YoY Q1
0.7% QoQ Q2
1.5% QoQ Q1
Retail sales were the contributor (2.0% YoY growth, vs. 3.3% expected)
Retail growth is being sandbagged by a few key factors:
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Luxury goods demand being beaten to the absolute ground. Eviscerated.
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Foreign brands have tanked in China - Apple, foreign cars, etc. and have been replaced by (cheaper) domestic alternatives like Huawei, BYD, etc.
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New trade restrictions with the US and Europe have limited Chinese consumption patterns. For example, the RTX 4090 is blocked from being exported to China.
Alibaba has already gone crazy with it lmao it's so funny
Justifying war crimes - the American way
Hungarian PM's office demands recognition of all of Ukraine's Zakarpattia as ''traditionally Hungarian''
Among the 11 demands of Hungary regarding the protection of the rights of national minorities, a key stumbling block is the designation of areas in Ukraine with a special level of guarantees for the rights of Hungarians. In particular, this refers to the country’s westernmost Zakarpattia Oblast, whe...
US journalism is unreliable? Say it isn't so...
The entire principle of US journalism is to fill the zone with shit and have everyone sift through the shit to find their own independent nugget of truth.
Israel threatens to 'take Lebanon back to the stone age'
Defence minister makes threat as US intelligence suggests large-scale conflict could break out in a matter of weeks
Definitely no signs of foreign interference, which the US would never do in South America.
If anyone wanted more evidence of how IMF loans are not in the best interests of the countries that take them, see here.
Discovery has potential to upend scientific consensus that the moon’s formation was the result of a small planet colliding with Earth.
Something something this is a sign of a healthy economy and it's actually China that's going to collapse
Genocide is ok because it happened in the past? Glad to know how much you respect the rule of law and whatever.
You do realize that renewables still have an emissions footprint from manufacturing, transportation, deployment, transmission, and recycling/retirement... Right? That they're limited lifespan disposable goods? So are batteries.
Moreover, each new solar panel has an opportunity cost in that it could be used to supplant fossil fuels in an area of the world that would actually benefit from it, rather than helping a facility THAT ALREADY HAS A TEMPERATURE CONTROL SYSTEM cool things down further because Americans are too spoiled with their extreme electricity consumption patterns to do anything else.
And yet your neighbours evidently disagree, given the extent from which the Donbas and Luhansk militias successfully recruited from the population.
An anecdote does not disprove statistics.
The messaging comes as American officials seem more resigned to the likelihood of an escalation in the Israel-Hezbollah conflict.
Funny that you should bring that up, because Eastern Ukraine is ethnically and linguistically Russian-dominated, just like Crimea. Self-determination for me but not for thee?
Why does Western Ukraine get to dictate the sovereignty of Eastern Ukraine?
See I agree, but Boston-New York and New York-DC are still very competitive with driving and flying, if only because their respective airports are so far from the city itself.
The Philippines announced Friday that it does not intend to invoke its mutual defense treaty with the US following an incident captured on video where the Chinese coast guard allegedly boarded two Phi...
The UAE has specified three additional instances where pregnancy abortions will be permitted. According to a cabinet resolution — a copy of which Khaleej T..
Footage was unsealed in court action by families of victims who claim Saudi government was complicit in event
US reputation on the line at Second Thomas Shoal
Taiwan, Ukraine and Gaza get most of the attention these days. But the United States’ reputation as a reliable ally is nowhere more at stake than in the
Two astronauts wait to come home as Boeing races to understand spacecraft issues
Two NASA test pilots helming the inaugural crewed flight of Boeing’s Starliner spacecraft are in a tentative position as mission teams scramble to learn more about issues that plagued the first leg of the journey.
US lobbying group ADL faces Wikipedia ban over reliability concerns on Israel, antisemitism
Wikipedia editors argued that ADL tends to label legitimate criticism of Israel as antisemitism.
Philippine security officials say Chinese forces have seized two Philippine rubber boats that were delivering food and other supplies to a military ship outpost in a disputed South China Sea shoal in a tense confrontation in which some Filipino navy personnel were injured.
Birmingham, Britain's second-largest city, is being forced to dim lights and cut sanitation services due to bankruptcy
Birmingham was once a powerhouse industrial metropolis, but now the UK's second city is a shell of its former self as rubbish lines the streets, the lights stay off and children grow up below the poverty line.
China's Xi accused the US of trying to trick him into invading Taiwan, but said he won't take the bait
Xi Jinping told an EU leader that the US was trying to trick China into invading Taiwan, per the Financial Times, amid increasing tensions.