Commentary In a land of 330 million people, 280 million Americans own a smartphone. Not surprisingly, smartphones are by far the most popular digital devices in our lives. We spend inordinate amounts of time on our phones, scrolling, swiping, and searching for information. Which begs the question: where was your smartphone made? Probably in China. This is…
Is a ‘Made in America’ Smartphone Designed to Protect Users Too Good to Be True?
January 16, 2023
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Business & MarketsBusiness ColumnistsChineseLibrem 5 USAOpinionPurismsmartphoneThinking About Chinausers’ privacy
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Sanction Netherlands for Enabling Communist China
January 16, 2023
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ASMLBusiness & MarketsBusiness ColumnistsChinese Communist Party (CCP)chipshuman rightsNetherlandsOpinionThinking About China
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Commentary A highly advanced Dutch computer chipmaker is delaying an agreement on U.S. and allied export controls to keep selling its chipmaking machines to China. The company’s CEO and the Netherlands’ trade minister have both publicly resisted measures meant to contain the growing threat from Beijing. They should know that their technology would likely support China’s…
On Why Inflation Will Not Drop Fast
Commentary The U.S. CPI data released last week met expectations completely, whether overall or core, year-over-year (YoY), or month-over-month (MoM). Expectations are not anything important but numbers submitted by economists. What matters more is the trend. While the overall numbers are falling thanks to subdued energy prices, the core ones are somehow mixed. The latest…
Dogma Trumps Democracy for America’s Climate Change Advocates
January 14, 2023
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BusinessBusiness & MarketsBusiness Columnistsclimatedemocracyeconomic policieseconomyenergyFederal Reserve (Fed)Jerome H. Powell
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Commentary Federal Reserve Chair Jerome Powell dismissed the notion that the Federal Reserve should take a hand in making climate policy. “Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals,” he said at a forum…
On China, It Isn’t Just the Economy, Stupid
Commentary For many years, a great many very smart people in America believed that capitalism was slowly but surely bringing freedom to communist China, that the Beijing regime at some point in the not-very-distant future will cease being the enemy of the free world, and our national security policies today should reflect that welcome long-term…
Tech Investor Cathie Wood and Misplaced Criticism
Commentary Growth investor Cathie Wood, CEO of ARK Investment Management, has endured a lot of criticism for the investment performance of her funds in 2022 and her unbridled evangelism of technology firms. Wood’s biggest fund, the ARK Innovation exchange-traded fund (ARKK), declined 67 percent during 2022. Comparatively, that’s twice the negative 33 percent return of…
Does Hiring Signal Strength?
January 13, 2023
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Business & MarketsBusiness Columnistsemploymentnew home purchaseOpinionrecessionretail salesThinking About China
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Commentary Hiring remains strong. Some have pointed to this recent robust jobs growth as a reason to downplay other signs of economic weakness and dismiss talk of a recession. At least one headline used the jobs figures to forecast a “soft landing” for the economy. But a deeper look into the production figures points to…
To Say That Inflation Is Fine Is an Illusion
January 12, 2023
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Business & MarketsBusiness Columnistsconsumer price indexCPIinflationOpinionrecessionU.S. economyViewpoints
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Commentary It’s CPI day today, with all the predictable blather and nonsense about how what you absolutely know to be true is certainly not true because the experts say otherwise. This keeps happening these days: we know one thing—in this case that our purchasing power is being slammed—but regime spokesmen keep saying we are wrong….
Israel’s Accelerating Democracy
Commentary With the formation of Israel’s new government last month, an amalgam of Benjamin Netanyahu’s conservative Likud Party and six small religious parties, many fear that the country will become less democratic, even theocratic. Those fears are misplaced, despite Israel’s proportional representation electoral system, which gives the small parties outsized leverage in determining policies affecting…
The White-Collar Recession
Commentary Finally we seem to be hitting on a phrase to describe, at least in part, a feature of the current economic environment. The phrase is white-collar recession. It points to a reality these pages have covered in detail over the last year. The professional/managerial sectors of the U.S. economy were inflated beyond anything sustainable….
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