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


To: ggersh who wrote (193940)11/22/2022 1:35:53 PM
From: maceng2  Read Replies (1) | Respond to of 217773
 
<<The British Government Is Deliberately Crushing Its Economy>>


(My observation: We even had an economy to crush after 2019 ?)

The British Government Is Deliberately Crushing Its Economy (forbes.com)

Story by Steve Forbes, Forbes Staff 7h ago


This episode of What’s Ahead looks at Britain’s new budget as both a disaster and a sad example of the ruinous thinking dominating economic and monetary policies.

With its economy on the precipice of a serious downturn, the allegedly conservative government is slapping a slew of tax hikes on individuals and businesses. Households face the biggest hit to their standard of living since WWII.

Video: "A British Crisis"

What’s ominous is that London’s crush-the-economy approach to inflation is shared by most countries.



To: ggersh who wrote (193940)11/22/2022 6:40:26 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217773
 
Need nukes... watch the French NOT freeze

The answer my friend is NOT




To: ggersh who wrote (193940)11/22/2022 9:33:03 PM
From: TobagoJack  Read Replies (2) | Respond to of 217773
 
Everybody involved with that video must be cancelled!

Europe, altogether with Germany, must double up, to not only stand firm against Russia but also to stand up against China

They are the enemy, because they behave just as enemies do, when poked, swipes back, and there be the prima facie self-evident proof

In that vein, more, or moar ...

traitors, scoundrels, softies, and and such ...

scmp.com

EU will not follow US’ China policy, top diplomat says in fiery debate with lawmakers


Josep Borrell distanced bloc from Washington’s broad push to ban export of high-end chips seen as attempt to cripple Beijing’s hi-tech sectorBut some lawmakers voiced disappointment in the EU’s perceived softening approach, with one noting ‘low ebb’ in bilateral relations

Finbarr Bermingham in Brussels
Published: 6:30am, 23 Nov, 2022



High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell speaks at the European Parliament in Strasbourg, France, on Tuesday. Photo: EPA-EFE

The European Union will not follow the United States’ toughest policies on China, its top diplomat insisted during a bruising debate on Tuesday in which he clashed with lawmakers calling for a more aggressive approach to Beijing.

EU foreign affairs chief Josep Borrell distanced the bloc from the US’ broad push to ban the export of high-end chips, which is seen as an attempt to cripple China’s hi-tech sector and has caused consternation among the EU’s own semiconductor makers.

“Certainly, the United States are our most important ally, but, in some cases, we will not be in the same position or on the same approach towards China,” Borrell said, adding that the US’ “drastic reduction of China’s access” to technology is a “decision that has to be taken into account”.

His remarks echoed those of Dutch officials, who have pushed back against American efforts to build a common front blocking China’s access to semiconductors. Dutch company ASML is one of Europe’s few global players in the semiconductor manufacturing space.

While Brussels will “be engaged in a systemic rivalry” with China, Borrell’s tone reflected a relative thawing in ties following a series of meetings between EU national political leaders and Xi Jinping, China’s president.

Xi met with the elected leaders of France, Germany, Italy, the Netherlands, and Spain in recent weeks during a flurry of diplomatic activity in Beijing and Bali. Each stated a wish to maintain strong trade ties, even as they vowed to hold China to account for its human rights record. Leaders of EU institutions, however, found themselves watching from the sidelines.

When it comes to China, “differing models of governance and different visions of multilateralism … should not and are not stopping us from engaging with each other”, Borrell said.

He urged lawmakers to “take into account the reality of life, the complexity of this reality and the need for the European Parliament to contribute to it as well”. Borrell’s statement reflected frustration among EU diplomats that they pay the price for the body’s pronouncements on China.

Whenever the European Parliament criticises China – which has been frequently in recent years – the EU’s ambassador in Beijing is summoned or given formal diplomatic notice of China’s displeasure. In August, the Post reported that the Chinese government views parliamentary statements as official EU policy.

“We cannot think that we can build a future without taking into account the enormous strength of a country that is called to play its rightful role in the world due to its size, due to its economic strength,” Borrell said. “That is independent of the fact that our political system is not the same as yours. Of course it isn’t.”

A prickly Borrell engaged in a fiery back and forth with lawmakers led by Reinhard Buetikofer, the head of the parliament’s China delegation, who said he was “very disappointed” with Borrell’s perceived softening approach to Beijing.

“Mr Borrell, I’m disappointed. I heard from you a lot of generalities but very little indeed about the reality of EU-China relations. Maybe there isn’t so much to report on what kind of relationship we have,” the German MEP said.

“There is no point in putting lipstick on a pig. EU-China relations are at a very low ebb.”

Belgian member Hilde Vautmans was one of several lawmakers to slam German Chancellor Olaf Scholz’s decision to visit China last month, as well as his pushing through a sale of a stake in a Hamburg port terminal to a Chinese state-owned shipping giant.

“He couldn’t understand why selling a part of the port of Hamburg to China would be such a problem,” said Vautmans. “Is that really what he wanted after the Russian invasion of Ukraine? Is that really the lessons that we’ve learned?”

But Borrell said he could not understand what the fuss was all about.

“Isn’t it normal that the German chancellor who exports 3 per cent or more of his products to China [goes]?” he asked. “How many times did Chancellor [Angela] Merkel go to China?”

Borrell’s tone on China was markedly more muted than in April when he last addressed the European Parliament on the economic giant. At the time he described a recent EU-China summit as a “dialogue of the deaf” and noted China was not interested in discussing Russia’s invasion of Ukraine.

On Tuesday, by comparison, Borrell said Beijing had shown “clear red lines” in its relations with Russia.

“China has not condemned yet the war of [aggression] of Russia against Ukraine – and the atrocities that are happening there, but it has set out clear red lines, and is increasingly concerned about the global consequences,” he said.

The red lines, the Spaniard added, pertained to “the use of nuclear weapons”, and he said Beijing at the G20 in Bali had sent “a clear message about the global consequences and the concern they have about [them]”.

Nonetheless, Borrell warned that China was moving in a direction the EU did not like following the recent 20th National Congress of the Communist Party of China.

The concerns included “President Xi Jinping’s personal hold on the Chinese [Communist] party, state and people, even a stronger hold of the party on the state, and, in particular, on public enterprises [and] the growing ideological nature of the Chinese political system with the development of both Chinese Marxist style – or Chinese way – and hyper-nationalistic rhetoric”.



To: ggersh who wrote (193940)11/22/2022 9:35:21 PM
From: TobagoJack  Read Replies (2) | Respond to of 217773
 
More of same, traitors, softies, scoundrels, etc etc

bloomberg.com

Dutch Resist US Call to Ban More Chip Equipment Sales to China

Netherlands-based ASML dominates market for advanced machines US pressing for export controls to blunt China’s capabilities
Diederik Baazil
23 November 2022 at 01:38 GMT+8



An ASML Holding NV factory in Veldhoven, Netherlands.

Photographer: Jasper Juinen/Bloomberg

The Netherlands will defend its economic interests when it comes to the sales of chip equipment to China, a senior Dutch official said, further evidence of the country’s resistance to meekly following Washington’s attempts to cut off China from semiconductor technology.

The European country is home to ASML Holding NV, which dominates the market for one-of-a-kind, cutting-edge chipmaking equipment that has become a focus of the US government’s attempts to limit China. Dutch Foreign Trade Minister Liesje Schreinemacher told lawmakers on Tuesday that the Netherlands will make its own decision regarding ASML’s chip gear sales to China amid trade rule talks with the US and other allies.

“It is important that we defend our own interests -- our national safety, but also our economic interests,” Schreinemacher told lawmakers at the parliament in The Hague. “If we put that in an EU basket and negotiate with the US and in the end it turns out we give away deep ultraviolet lithography machines to the US, we are worse off.”

Deep ultraviolet systems are the second-most-advanced chip production machines that Veldhoven, Netherlands-based ASML manufactures, and the equipment is required to make a wide range of semiconductors.

Schreinemacher’s comments appeared to indicate growing Dutch objections to the US call for the Netherlands to align with Washington on export controls to undermine Beijing’s ambition in building a chip industry at home and improve its military capabilities. The European country wants to maintain access to China as a major market.

Last week, the Dutch minister said the US shouldn’t expect the Netherlands to unquestionably adopt its approach to China export restrictions.

Read more: Europe Reasserts Middle Path on China, Pushing Back on Biden

While ASML hasn’t sold any of its most advanced extreme ultraviolet lithography machines to China because the Dutch government has refused to grant it a license under US pressure, the company can still sell less sophisticated chipmaking systems to the Asian country.

However, US officials have been pressuring the Dutch government to ban the sales of immersion lithography machines, the most advanced kind of gear in ASML’s deep ultraviolet lineup, Bloomberg News has reported. The Biden administration has been working to get allies including the Netherlands and Japan to adopt the sweeping measures it unveiled in early October to ban more chip machines for China.

The Netherlands is key to the struggle because ASML is one of a handful of companies that dominate the market for semiconductor-manufacturing equipment. Its peers include Applied Materials Inc., Lam Research Corp. and KLA Corp. in the US, and Tokyo Electron Ltd. in Japan.

Senior US officials -- including Alan Estevez, the undersecretary of commerce for industry and security -- are traveling to the Netherlands this month to discuss export controls. But an immediate accord isn’t expected to come out of the talks, Bloomberg News has reported.

EU negotiators are working on a number of contentious trade issues with Washington. Countries, most vocally France, have said the measures could damage European economies and have raised the possibility of filing a complaint with the World Trade Organization.

These issues will be a topic of conversation early next month at the Trade and Technology Council, a high-level meeting between EU and US officials.

Meanwhile, China is working to ensure other countries don’t cave to US demands. In a Group of 20 summit meeting last Tuesday, Chinese President Xi Jinping urged Dutch Prime Minister Mark Rutte to avoid disrupting global trade.

“We must oppose the politicization of economic and trade issues and maintain the stability of the global industrial chain and supply chain,” Xi told Rutte. The Dutch leader also visited South Korea last week to discuss tech issues and deepen chip ties.

— With assistance by Cagan Koc, Debby Wu, Jillian Deutsch and Ian King



To: ggersh who wrote (193940)11/22/2022 9:37:40 PM
From: TobagoJack  Read Replies (1) | Respond to of 217773
 
Much moar, traitors, softies, sympathisers, etc etc

bloomberg.com

TSMC Founder Says Congratulating Xi on Party Congress Was 'Personal'

Morris Chang says Taipei told him not to avoid Xi at APEC TSMC has become central to tensions between US and China

Sarah Zheng
21 November 2022 at 16:08 GMT+8



Morris ChangPhotographer: I-Hwa Cheng/Bloomberg Taiwan Semiconductor Manufacturing Co. founder Morris Chang said the congratulations he offered Chinese President Xi Jinping about the congress that his ruling Communist Party recently held were his own “personal” view.

“Taiwan’s Presidential Office told me beforehand that if there was an opportunity, there was no need to avoid meeting or greeting him,” Chang said Monday at a press conference in Taipei held to brief journalists on his role as the island’s envoy to the Asia-Pacific Economic Cooperation summit last week in Thailand.

“I later congratulated Xi on the success of the 20th party congress and talked about my own health condition, which were all my personal ideas,” Chang said, when asked if the government in Taipei had asked him to convey the sentiments.

Chang is one of Taiwan’s most important business figures, founding what eventually became Asia’s largest company by market capitalization and the linchpin of an industry that has become increasingly politicized by the US-China conflict. The Biden administration is trying to convince chipmakers around the world to curb high-end exports to China, a move that would limit progress the world’s No. 2 economy can make in areas such as artificial intelligence and military applications.

In remarks at the opening of the party congress where he secured more time in power and packed top leadership bodies with allies, Xi said China’s unification with Taiwan “must be realized.” US President Joe Biden has repeatedly said the US would defend Taiwan in the event of an attack, though the White House has walked back the statement each time, reiterating that Washington’s policy toward the democracy has not changed.

Why Making Computer Chips Has Become a New Arms Race: QuickTake

Chang met Xi on Friday at the APEC event, the Presidential Office in Taipei said in a statement, congratulating the Chinese leader on the success of the twice-a-decade congress. Chang said in an earlier statement that he had a “very pleasant and polite interaction” with Xi, and that the two did not discuss cross-strait issues.

Taiwan President Tsai Ing-wen respected Chang’s interactions with Xi, Hsu Szu-chien, deputy secretary-general of Taiwan’s National Security Council, said at the same briefing as Chang on Monday.

Official and unofficial interactions between Taipei and Beijing are closely watched, particularly due to cross-strait tensions. Beijing has refused formal communication with Taiwan’s government since Tsai’s election in 2016, though she has said she is willing to talk to China.

Chang also said Monday that US Commerce Secretary Gina Raimondo would attend a ceremony on Dec. 6 to mark the first batch of equipment arriving at a plant TSMC is opening in Arizona. The firm also invited Biden, who has not confirmed his attendance.

— With assistance by Cindy Wang



To: ggersh who wrote (193940)11/22/2022 10:01:47 PM
From: TobagoJack  Read Replies (2) | Respond to of 217773
 
Very potentially dangerous players coming to the fore

In the meantime, suspect Bloomberg is trying to de-Chinese the Republic of China :0) Good luck.

taiwan-election-2022-kmt-backs-chiang-wan-an-in-race-for-taipei-mayor

Taiwan Party That Wants Stronger Ties With China Has a New Star

Chiang Kai-shek’s great-grandson runs for Taipei mayor Victory could help restore the Kuomintang’s fading clout

Cindy Wang
22 November 2022 at 05:00 GMT+8
Chiang Wan-an was a teenager when his father sat him down to tell him about his heritage: he’s the great-grandson of Chiang Kai-shek, the Chinese Nationalist leader who fought Mao Zedong’s Communists forces before fleeing to Taiwan and ruled it with an iron fist.

Now the younger Chiang, who was a corporate lawyer in the US before entering Taiwan politics several years ago, is running for Taipei mayor in an election that could help restore the popularity of his famous ancestor’s political party, the Kuomintang. The once-dominant party, whose charter still calls for unification with China, has seen support wither.

Invigorated by Chiang’s youthful image and moderate approach on China, a KMT victory in the election Saturday could help the party’s chances at a comeback in national elections. That could also sway cross-strait relations, meaning it’s being watched closely by Xi Jinping, who secured his third term as leader last month.

“If Chiang wins, he could potentially revitalize the KMT by helping the party regain control of Taipei city and giving the party a prominent new political face,” said Russell Hsiao, executive director of the Washington-based Global Taiwan Institute. “The results could produce cascading effects that would have important implications for the 2024 presidential election, and in turn, the situation across the Taiwan Strait.”

The election is being held after a spike in tensions between Taiwan and China this year, with the People’s Liberation Army conducting a barrage of drills around the island. In October, China’s Communist Party enshrined its rejection of Taiwan’s independence into its constitution and US Secretary of State Antony Blinken has warned that Beijing was trying to speed up its seizure of the island.

A meeting by US President Joe Biden and Xi on the sidelines of the Group of 20 summit this month appeared to ease escalation, but it’s unclear how long this will last. Biden has said the US would come to the island’s defense should it be attacked -- something previous leaders have avoided expressing explicitly for fear of provoking China.

Security Concerns

Many voters, particularly older generations with an affinity for the KMT, see Chiang, 43, as the safe choice in these uncertain times. While he may lack the political experience of his main opponent Chen Shih-chung, the 68-year-old former Health Minister and candidate of the ruling Democratic Progressive Party, Chiang has gained a steady, if unremarkable, reputation as a lawmaker since winning a seat in 2016.

Although issues in the upcoming ballot are mostly local, voters and political analysts say security concerns are at the top of people’s minds.

“All I care about now is that I don’t want to see war happening in my life,” said Kathy Wang, a retired 70-year-old. She comes from what many Taiwan people describe as a “blue” family of KMT supporters, with connections to China.



Chen Shih-chung

Photographer: I-Hwa Cheng/Bloomberg

“I think the ruling party should help us seek peace with China, not war. There is no prosperity without peace,” she said.

While polls have shown a majority of Taiwanese people are happy to maintain the status quo rather than seek unification or independence, her support for the KMT puts her in the minority. President Tsai Ing-wen of the DPP came to power in 2016 and was re-elected in 2020 as her vow to protect Taiwan’s autonomy proved popular amid a crackdown on Hong Kong’s pro-democracy movement.

The KMT, also known as the Chinese Nationalist Party, once ruled China by reunifying a country fragmented by the collapse of its monarchy and battling Japanese invaders. Since moving to Taiwan as Mao’s forces advanced, the party has said it aims to retake the mainland and reunite China’s people, a goal now seen by many as out of date.

More voters now see themselves as Taiwanese first and foremost, and fewer stand by the dual, Taiwanese-Chinese identity that was more common a few decades ago, viewing Beijing and the prospect of peaceful unification with skepticism.



“I fear war, but I fear unification even more,” said Sabrina Hong, a 40-year-old local bank worker. “If KMT runs Taiwan’s government, maybe cross-strait ties will be less tense. But it’s concerning that Taiwan may eventually become part of China.”

While many feel that a stronger KMT could help avoid military conflict with China, others believe that the DPP government’s stance of keeping China at arm’s length, combined with support from Western allies, is the best way to extend the status quo.

Tsai hosted US House Speaker Nancy Pelosi on a visit in August, prompting China to cut off military and climate talks with the US and fire ballistic missiles over the island. While some saw the trip as provocation, many believe that bolstering Taiwan’s ties with the US and others such as Japan is key to preventing a takeover.



Nancy Pelosi, left, with Tsai Ing-wen in Taipei, on Aug. 3.

Source: Chien Chih-Hung/Office of The President/Getty Images

Chiang showed he was well aware of such concerns during a two-hour debate in early November, emphasizing Taiwan’s democratic values and brushing off suggestions, including from Elon Musk, that Taiwan become a special administrative zone of China.

“There’s no need to even think about such a proposal. I’ll definitely oppose it to the end, and uphold the dignity of the Republic of China,” Chiang said, using the formal name of Taiwan.

Chiang, whose campaign promises to address the capital’s aging infrastructure and declining population, is also helped by criticism over Chen’s tenure as health minister. Taiwan’s early success at reining in the spread of Covid-19 has been overshadowed by a late spike in cases and criticism over vaccine shortages.

“He is more moderate and willing to listen,” said Dane Wang, a 43-year-old owner of a tech startup, adding that Chiang’s family background doesn’t matter to him. “What we care about more is what he can bring to the city and his personality.”

The KMT has the advantage in Taipei, which has a significant presence of “blue” voters. The party is traditionally favored by the island’s establishment and older voters, while the DPP has been more popular among farmers and working-class Taiwanese.

Complicated Legacy

Chiang’s looks appear to be helping offset some concerns that he can sound scripted and less spontaneous than his more seasoned rivals. Chiang -- a father of two with another on the way -- is often mobbed on the campaign trail by smartphone-wielding female voters demanding selfies.

The most obvious asset may be his name. But Chiang, who declined to comment for this story, has also been careful about brandishing it. The legacy is slightly complicated: his father John Chiang, former vice premier and foreign minister, was an unrecognized son of Chiang Ching-kuo, son of Chiang Kai-shek.

Wan-an changed his surname from Chang to Chiang in 2005, when he was 27 and around a decade after his father first told him about his great-grandfather. Chiang has explained the delay as respect for Chiang Ching-Kuo’s widow, who died in 2004. Ching-kuo never publicly acknowledged John and his twin brother as his own.

Chiang hadn’t always pursued the role of heir to a political dynasty, and focused on venture capital as a lawyer. In a book, he said he turned to politics after seeing a struggling KMT, determined to “commemorate ancestors and show devotion to the country.” He won a seat in legislature in 2016 and was re-elected in 2020.

He’s likely aware that his name isn’t viewed favorably by all. The KMT’s single-party rule, including leadership by Chiang Kai-shek and his son, is remembered by many as a time of repression.

While the KMT government shifted toward democratization in the 1990s, its early days of rule in Taiwan were marked by the killing of opponents and attacks on civilians considered sympathetic toward communists.



Chiang Wan-an at an election campaign in New Taipei City on Nov. 5.

Photographer: Sam Yeh/AFP/Getty Images

Chen made an oblique reference to this during the televised debate. “I won’t ask him to be responsible for what Chiang family did, simply because he is Chiang’s descendant,” he said.

Huang Shan-shan, Taipei’s former deputy mayor and independent candidate, also took a dig at Chiang, saying she was running on her own merits rather than family connections.

For the DPP, a poor outcome on Saturday could serve as a blow to Tsai, whose term ends in 18 months. She may be forced to resign as party chair, giving her less influence over the party’s 2024 presidential nomination.

A win by Chiang could bolster the KMT’s fortunes. KMT Chairman Eric Chu, who lost to Tsai in 2016, is widely seen as the party’s candidate for the next presidential race, but many say success as mayor could lead to Chiang’s nomination in the future.

Kharis Templeman, research fellow at the Hoover Institution, said the relatively young Chiang was KMT’s best bet at a comeback, but added that the party still had more work to do to prove its relevance.

“It needs to find ways to reassure Taiwanese voters that it would take security and sovereignty equally as serious as the DPP,” he said.

— With assistance by Spe Chen