Commentary I was on a Zoom meeting earlier in the week where I questioned a procedure the organization was following. Another member of the meeting group said, “But that’s the way we’ve done it for 20 years.” I was reminded of a quote by the late, great, computer scientist, mathematician, and engineer, U.S. Navy Reserve…
The Year 2023 and ‘the Most Dangerous Words in the English Language’
December 23, 2022
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Business & MarketsBusiness Columnistsbusiness improvementLeading With WisdomOpinionpersonal financeThe Epoch Times Featured ArticlesTutorialsValues and TraditionViewpointsyear-end
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Where Have the Small Businesses Gone?
December 22, 2022
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Business & MarketsBusiness ColumnistsinflationOpinionrecessionSmall BusinessesU.S. economyViewpoints
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Commentary For the last two years in the United States, the number of business formations have fallen by about 3 percent per month. They recovered briefly after the devastation of lockdowns, during which as many as a third of small businesses shut forever, but that recovery has come to an end and we are in…
US-China Tech Decoupling Underway
December 21, 2022
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Business & MarketsBusiness ColumnistsChinadelistingOpiniontech decouplingThinking About ChinaU.S. chip
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Commentary On Dec. 12, Beijing filed a WTO complaint against the United States, protesting the U.S.-China chip ban. China’s minister of commerce said he brought the case to the World Trade Organization to defend China’s “legitimate rights and interests.” Apart from U.S. restrictions on the sale of chips, the Chinese tech sector is trending downward due to…
US-China Trade Has Turned Down Sharply
Commentary Washington has made no secret of its desire to decouple the U.S. economy from China trade—if not completely, then certainly significantly. Recent data shows that the process is proceeding pretty much as Washington wants. Flows of Chinese goods to the United States have fallen sharply. Of course, the decline in trade is not entirely…
Is This the Last Crypto Winter?
Commentary The year 2022 has been the worst period on record for cryptocurrencies. The industry is on life-support. The crypto market has been rocked by scandals, mismanagement, bankruptcies, and potential fraud. Investor sentiment and trust is possibly the lowest it’s ever been, even after the Mt. Gox scandal in 2014, when the equivalent then of…
Remove the Axis of Evil from the UN, World Bank, WTO, and the IMF?
Commentary During World War II, the Axis powers—Nazi Germany, Fascist Italy, and Imperial Japan—took on the free world with impunity. Arrayed against them were the Allies—the United States, the British Empire, and most of the Western world. With Russia’s invasion of Ukraine, the world again is squaring off in a struggle of good and evil….
Variable Interest Entities: China Ponzi Scheme
December 19, 2022
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American investorsBusiness & MarketsBusiness ColumnistsCaymanChinese CompaniesOpinionshell companyThinking About Chinavariable interest entities (VIEs)
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Commentary Since 2000, Chinese issuers have widely used variable interest entity (VIE) structures to raise funds from American capital markets. The structure is often employed in industries where foreign ownership would be restricted or outright prohibited by Chinese regulators. “Investors really are just playing fantasy football with the Chinese companies because they actually don’t own anything,”…
Congress Is Working Against the Federal Reserve
December 19, 2022
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2022 federal budgetBusiness & MarketsBusiness ColumnistseconomyemploymentinflationSen. Richard Shelby
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Since last Wednesday—when the Federal Reserve rate decision dropped at 2:00 p.m. EST—to the market close on Friday, the Dow Jones Industrial Average slipped 4.2 percent and the S&P 500 Index fell 4.9 percent. While most business columnists put those declines mostly on the Fed’s rate increase, a deeper dive speaks to a more negative…
For All to See: Corporations Acting As Wilful Tools of Government Threaten the Republic
December 16, 2022
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Business & MarketsBusiness ColumnistsCIACompaniesElon Musk social mediaFBILeading With WisdomMedia & Big TechOpinionTimeless PrinciplesTwitterValues and Tradition
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Commentary Before he died, Reagan-era Federal Reserve Chair Paul Volcker, who gave virtually his entire life to public service, lamented Americans’ loss of faith in governmental institutions. Given the recent revelations about how partisan interests have infested those institutions—whether it be the IRS, the FBI, the CIA, or even the CDC—and how the media colluded with…
Nuclear Fusion Incinerates Climate Crazies
Commentary Your attention please. This century’s scheduled performance of the apocalypse has been postponed indefinitely, ladies and gentlemen. Your tickets will be refunded at the box office. On Dec. 5, 2022, scientists at the Lawrence Livermore Laboratory’s National Ignition Facility in California aimed 192 laser beams at a pinhead-sized target containing deuterium and tritium and…
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