Commentary Click past Apple’s shiny consumer marketing of its latest iPhone 13, and you’ll read in the specs that it brings some serious new technology to its hardware. Its A15 Bionic chip has 15 billion transistors… a new six‑core CPU with two performance and four efficiency cores… a new five‑core GPU… a new 16‑core Neural…
Will the Fed Have the Guts to Do What It Needs to Do?
Commentary It was born on Christmas eve in 1913—with barely a quorum in attendance. And it grew to be the greatest engineer of unintended consequences ever. That night, Congress passed the Federal Reserve Act and gave birth to this country’s third (there were two before that didn’t work out so well) central bank. The “Fed”…
What’s Really Behind the Rate Hikes
Commentary The Federal Reserve’s policymaking body, the Federal Open Market Committee (FOMC), voted last week to raise its benchmark policy range for federal funds by a quarter-point. This was widely expected. In fact, officials have for months been preparing everyone for this development. In the lead-up to the move, FOMC members have been clearly stating…
Tesla and SpaceX Are Apparently Compromised by China
March 23, 2022
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Business & EconomyBusiness ColumnistsChinaChina Business & EconomyElon MuskOpinionSpaceXteslaThinking About ChinaUS-China relations
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News Analysis Elon Musk and his companies, Tesla and SpaceX, are under scrutiny for their billion-dollar links to China and their CEO’s political support for the totalitarian country. Some of that support comes in the same breath as his denigration of the United States. While the freedom that America gives business is legendary in attracting…
Return of Troubled Visa Scheme Opens Door to More Chinese Capital
March 23, 2022
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Business & EconomyBusiness ColumnistsCapitalChinaEB-5 investor visa programOpinionThinking About China
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Commentary Chinese investors once again can purchase green cards by investing in the U.S. real estate market under the aegis of a controversial immigration program that has been revived after lapsing last year. The $1.5 trillion omnibus spending bill passed by Congress and signed by President Joe Biden earlier this month reauthorizes the heart of…
Egypt Is Still Haunted by Its Ghosts of Socialism
Commentary Egypt is considered a former socialist state and a country where the tentacles of Marxism can still be found, buried deep within almost every institution, something I have observed having lived there many decades. As I watch and listen to so-called leftists and socialist activists from Europe and North America preach about the need for wealth redistribution and…
The West’s Russia Sanctions Could Lead to Many Unpredictable and Unpleasant Outcomes
Commentary Global supply shocks are historically rare events. All the more extraordinary to have two such shocks in quick succession—the second arriving even before the first has entirely faded away. That is what the world now experiences in the form of the Great Pandemic followed by the Great West-Russia economic war. The most visible symptom…
Facing Unpleasant Facts: What You aren’t Supposed to say about the War in Ukraine
March 22, 2022
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Business & EconomyBusiness Columnistseconomic policieseconomyEuropeOpinionRussia-Ukraine WarUkraineUSViewpointsWorld
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Commentary Having been lied into war in Iraq in 2003, the American public swore it had wised up. Sure, it went on to drop the ball by supporting the Libya intervention, itself prefaced by lies, and supported the government’s intervention in the civil war in Syria (or at least didn’t mind it), even though the…
We Must Now Learn the Lesson of 1914, Not the Lesson of 1938
Commentary With proponents of military intervention and war, it’s always 1938, and every attempt to substitute diplomacy for escalation and war is “appeasement.” Last week, for example, Ukrainian legislator Lesia Vasylenko accused Western leaders of appeasement during Moscow’s invasion of Ukraine, stating, “This is the same as 1938 when also the world and the United States in…
Yes, the US Has Its Own ‘Sphere of Influence,’ and It’s Huge
March 22, 2022
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Business & EconomyBusiness Columnistseconomic policieseconomyEuropegeopoliticsOpinionPoliticsRussia-Ukraine Warsphere of influenceUSViewpointsWorld
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Commentary Late last year, U.S. secretary of state Anthony Blinken declared, “One country does not have the right to exert a sphere of influence. That notion should be relegated to the dustbin of history.” His words were directed at Russia after Moscow increasingly made it clear that it considers Ukraine to be part of Russia’s “near abroad”…
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