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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (172947)6/8/2021 7:41:14 PM
From: TobagoJack  Read Replies (2) | Respond to of 219466
 
I think they feed off of each other

take the gatling gun, unquestionably invented per Gatling gun | History, Description, & Facts | Britannicahttps://www.britannica.com › ... › Mechanical Engineering
Gatling gun, hand-driven machine gun, the first to solve the problems of loading, reliability, and the firing of sustained bursts. It was invented about 1862 by Richard Jordan Gatlingduring the American Civil War.

and more barrels got added over the eons, with faster spins, but essentially unchanged, until some Chinese fellow looked at it and did the obvious ... let's see how quickly that clever idea gets reverse-stolen







To: ggersh who wrote (172947)6/8/2021 8:44:20 PM
From: TobagoJack  Read Replies (1) | Respond to of 219466
 
incoming inflation, as rubber meets the road, and the bright red line, enforced with eCNY protocol, should at some juncture tee-up explicit dispensation-required for rare earths, that which many claim is no issue

time shall tell whether there is an issue, Nasdaq to zero or to the moon, and no waffling allowed

zerohedge.com

China Mulls Unprecedented Legislation To Counter Western Sanctions

Beijing is poised to take an unprecedented step in its latest efforts to combat US and Western sanctions which have recently been ratcheted up particularly surrounding the Uyghur issue in Xinjiang. A draft law is now being examined by the National People's Congress (NCP) which would shield Chinese entities and institutions from "the unilateral and discriminatory measures imposed by foreign countries" and ultimately the "long arm jurisdiction" of the United States, according to state media.

Called the Anti-Foreign Sanctions Law, a vote by lawmakers is expected soon after a series of reviews by committees under the NPC, it will allow or possibly even require quick retaliatory measures in instances a foreign country targets a Chinese company, entity or individual with punitive legal measures - ensuring a greater level of tit-for-tat escalation. In short it would mean the power of the Chinese government to sanction all who comply with US/EU sanctions by drawing a bright red line, forcing entities to choose whether to comply to Washington's side or Beijing's side. Or in even simpler terms, it's something which the United States has already long practiced - for example in the case of far-reaching Iran sanctions which blacklisted European or other companies which had dealings with the Islamic Republic.

Prior session of the National People's Congress (NPC), via Xinhua


According to an expert quoted by the state-run Global Times, the law "will deter foreign governments, notably the US and the EU, from resorting to long-arm jurisdiction,…if Chinese entities are hit with unjustified sanctions, the proposed law is supposed to crystallize actionable countermeasures against the foreign governments and institutions…expecting the legal effort to make up for losses that Chinese entities would suffer."

It's intended to further boost Beijing's legal firepower in hitting back - again which practically translates to any future measures out of the US or EU like to be automatically met with escalation in terms of trade disruptions or immediate measures targeting US or Western companies wishing to do business in China.

"Legal experts said that speeding up legislation in foreign-related fields is necessary as it's important to use legal measures to safeguard the legitimate rights of Chinese institutions, enterprises and citizens," GT comments further. "Especially in recent years, the US government has been imposing sanctions on some Chinese entities such as high-tech firms Huawei and ZTE for so-called national security risks, and sanctioned a number of senior Chinese officials under the US' so-called Xinjiang and Hong Kong bills last year."

And here's more from the state publication:

While the EU has a regulation to protect against the effects of the extraterritorial application of legislation adopted by a third country and the US owns a large number of "legal ammunition" in terms of long-arm jurisdiction, China lacks relevant laws in response to the external legal weapons, Qi Kai, an associate professor of the Institute of Globalization and Global Issues at China University of Political Science and Law, told the Global Times on Monday.

Chinese commentators are treating it as a necessary 'deterrence' measure, but Rabobank details...

The example of the Australian government's decision to tear up Victoria's Belt and Road agreements with China is given as a “wake-up call” for China to "broaden the extraterritorial reach of its own legislation." In other words, the proposed law would have allowed China to impose countermeasures on Australia, or demand compensation, for Canberra following Australian federal law within its own territory – because it harmed Chinese interests. Of course, the US, and now EU and UK --and Hong Kong-- extend their legal remits outside their geographical territory. Now China is going to join in – and in the opposite direction to the West’s legal moves. This potentially leaves Western firms damned-if-they-do and damned-if-they-don’t, which is a wake-up call for those who haven’t heard any of the alarm bells so far. It’s also another factor likely to play into supply-chains and inflation over time, even if mentioning it is as popular as Invermectin.

* * *

In particular Chinese media has highlighted the West's using stories of Xinjiang-related human rights abuse to "spread rumors and suppress China."

The timing of the new legislation's likely near-future passage will be interesting, given that as it's being mulled over the G-7 summit will be underway in the UK (starting Friday), where it's expected that Joe Biden and other world leaders representing the US, UK, Canada, Japan, Germany, France and Italy - and other guess countries - will produce a statement that's heavily critical of China especially on the human rights front.




To: ggersh who wrote (172947)6/8/2021 9:32:46 PM
From: TobagoJack  Read Replies (2) | Respond to of 219466
 
countering chicom ccp china china china is easy, just go to powwow at the gym and write a 250B check :0)

and make the kids learn STEM
first stab at it was the Endless Frontier Act
Cannot wait to see what the second stab entails

bloomberg.com

Gym Discussion Forges Unusual Senate Alliance to Pass China Bill
Daniel Flatley
9 June 2021, 07:00 GMT+8

Senate Majority Leader Chuck Schumer and Senator Todd Young, an Indiana Republican, were working out in the Senate gym, discussing how the U.S. could respond to the rise of China, when they first hit upon the idea that grew into a nearly $250 billion bipartisan competitiveness bill that passed the chamber on Tuesday evening.

Their plan was to strengthen U.S. innovation and their first stab at it was the Endless Frontier Act introduced in May 2020. But it went nowhere until Democrats gained narrow control of the Senate earlier this year and Schumer used his position to begin moving it through committees.

Looking back on that initial conversation, and the improbability of shepherding such an effort through a bitterly divided Congress, Young said in an interview Tuesday he has “rather enjoyed defying the expectations of some of my colleagues.”



SchumerPhotographer: Al Drago/Bloomberg

Young and Schumer were an unlikely alliance. Young, 48, is still in his first term and represents a solidly Republican state. Schumer, 70, has represented reliably Democratic New York in the House and Senate for more than four decades.

“I think I demonstrated to Hoosiers, to my colleagues, and to anyone else who was watching that this Marine is prepared to work with anyone who wants to advance legislation to improve our national security and to make us collectively more prosperous,” said Young, a Naval Academy graduate. “Including the lead member of the opposition party.”

The measure, which has the support of President Joe Biden, was approved by a vote of 68-32, but faces an uncertain future in the House.

Read More: Senate Passes Sweeping Bill to Help U.S. Compete With China

Schumer, who combined the Endless Frontier Act with a series of other committee proposals, has called the resulting bill one of the most important things the Senate has done “in a very long time.”

Young was instrumental in shoring up Republican support for the bill, which defied party orthodoxy in many respects, calling for a kind of industrial policy where government support would go toward reinvigorating technological innovation. He was often caught between his Republican colleagues pleading with him to slow the process and Schumer pressing to get the bill passed as soon as possible.



Photographer: Olivier Douliery/AFP/Bloomberg

Young shuttled between offices, often reminding Schumer of their agreement that the bill should move through “regular order,” which meant committee hearings and consideration of amendments from both parties. It’s not practiced much in the modern-day Senate where leadership-broker deals on their own complex legislation.

The tensions came to a head during Senate Commerce Committee consideration of the bill in May. Young objected to an amendment offered by New Mexico Democrat Ben Ray Lujan to divert some funding to the Department of Energy, calling it a “poison pill” and saying it would defeat the chief purpose of the measure and cost Republican support. He lost the vote 23 to 5.

“I later found that DOE labs do some exceptional work and there are some upsides to doing research within DOE labs,” Young said. “One of the upsides is that they have a strong record of protecting intellectual property as compared to some of our universities. So I think that recognition required us to up our game in requiring stronger IP protection standards to our universities.”

Young is running for re-election in 2022. He says that his work with Schumer to get the U.S. Innovation and Competition Act over the finish line will be an asset in the race. He points to the regional tech hubs the bill will set up in places like Indiana as part of the equation but also the boldness of the effort, which he says is one of the most ambitious counter-China initiatives ever undertaken by Congress, a point Schumer would agree with.

“When all is said and done, the bill will go down as one of the most important things this chamber has done in a very long time,” Schumer said on the Senate floor. “A statement of faith in America’s ability to seize the opportunities of the 21st century.”

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