The Biden camp seems to be operating under the delusion that it can somehow rehabilitate the phrase “Bidenomics”—hurled as a perjorative at the White House by those of us on the Right—to serve as a buzz phrase in support of the president’s 2024 reelection campaign. It’s a risky—some would say, foolish—notion, but certainly not the first…
What’s Not to Like About ‘Bidenomics’? Plenty
July 6, 2023
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Biden 2024BidenomicsBusiness & MarketsBusiness Columnistseconomic policieseconomyEditorialsinflationOpinionUncategorizedunemploymentViewpoints
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Foreign Business Looks Less Favorably on China
Commentary Rhetoric—whether from corporate executives or government officials—seldom comports with reality. And seldom is the gap as wide as on the subject of foreign investment in China. Beijing says that it is open for business and welcomes foreign investment when, in reality, it has made doing business in China more difficult than ever. Corporate executives…
Ban Shein, China’s Fast-Fashion Company
July 4, 2023
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Business & MarketsBusiness Columnistsinfluencerlobbying in the United StatesOpinionpublic relationsSheinThinking About China
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Commentary Shein, China’s fast-fashion company, moved its headquarters from Nanjing to Singapore last year, apparently in an attempt to globalize and escape the bad reputation of its parent country. Yet most of its business operations, including almost all its factories and warehouses, remain in China. Shein apparently tried to rehabilitate what’s left of its China…
Why Getting Your Car Repaired Is Nearly Impossible
July 3, 2023
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Commentary The word “market” is usually associated with the stock market or perhaps a farmers’ market. This is a truncated view based only on what we see or hear reported in the financial press. The market in the real world is a vast collaborative effort involving exchange relationships all over the world, designed by no…
Biden’s Weaponizing the Dollar Against Russia Has Backfired
July 3, 2023
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AnalysisBusiness & MarketsBusiness ColumnistsCBDCDollareconomic policiesEditorialsOpinionrenminbitradeUncategorizedUSDViewpoints
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Commentary In the full panoply of the Biden administration’s foreign policy errors aned gaffes, perhaps none was so stupid as its failed attempt to weaponize the dollar—the world’s reserve currency—against Russia for its invasion of Ukraine. It’s telling that during World War II, neither the United States nor the United Kingdom—when the British pound sterling was…
Pump the Brakes on the AI Hype?
Commentary The hype, as they say, is real with AI. Everyone is bullish on the potential created by generative artificial intelligence (AI) applications such as OpenAI’s ChatGPT and its slew of competitors and alternative contenders. When ChatGPT was released late last year, more than 100 million users signed up within two months. Since then, Alphabet Inc….
TikTok Lawfare Against America
July 1, 2023
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Business & MarketsBusiness ColumnistsMcdonald'smilkshakenational security threatOpinionThinking About ChinaTikTok
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Commentary As is well known, TikTok is a national security threat because communist China has laws that give it access to the data of its almost 1.7 billion global users. Yet naive teenagers around the world download the app on their smartphones, thirsty for the latest kid craze trend. TikTok’s algorithm then channels these users more…
Fed Pauses: More Hikes to Come
Commentary Federal Reserve (Fed) Board Chairman Jerome Powell has made himself and Fed guidelines clear. Although the board voted in June to pause the pattern of raising interest rates, policymakers are not finished with their anti-inflation efforts and will likely raise rates again before they are done. Powell explained that the June pause was just…
Is Recession Timing Still Unpredictable?
Commentary Debate continues as to whether recession still lies ahead. The yield curve has pointed to an 80 percent chance of recession. But, when comparing today’s situation with the comparable U.S. real GDP contraction in 2008, its timing forecast has low accuracy. As the original literature documented, the yield curve only predicts a yes-no outcome…
How Do We Stop ESG and DEI From Destroying Capitalism?
Commentary In America, if environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI) mandates are accepted in their current form, capitalism will most likely be destroyed. The widespread acceptance of ESG and DEI by American business giants is as concerning as it is eye-rolling. Large corporations routinely play games to attract stock buyers’…
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