Newly discovered deep ties between the chief investment officer (CIO) of the California Public Employees Retirement System (CalPERS) and the Chinese government, along with CalPERS’s China investment holdings, have provoked controversy about the operations of the largest public retirement fund in the United States.Read More
In some cases, our competitive edge has not just been eroded, but is at risk of being—or already is—surpassed. The Chinese surge in 5G telecom equipment, which has dual civilian and military uses, is one example. China is making key investments in artificial intelligence, another area of competition. They even seem to be able to mount a rail gun on a naval ship, an important next generation weapons technology that the U.S. Navy has yet to incorporate.
And yet, the U.S. military budget, even at stalled levels, is still larger than the next nine countries’ budgets combined. So there’s a second natural follow-up question: is the defense budget the primary reason our military advantage is slipping away, or is it something deeper?
The story of Huawei, and many others, suggests the latter.Read More
The social observation is that such a mass of diverse peoples must have a voluntary pressure outlet in order to maintain peace. We must accept reality that not all cultures are able to be forced together with peaceful results. Forced proximity, with advantages, disadvantages and blame doled out only to certain peoples, with a lack of opportunity to separate peacefully will always result in strife and eventual violence.Read More
Mexico: between the Rock of the Mexican government and the Hard Place of the Cartels is your Average Jose. What is life like for him? Does he try to work in the legitimate economy or the illegitimate one? How does he provide security for his family? How does he get by? How does the US affect Mexico and vice-versa? Some clue emerge on the Internet and from my own experiences. Hopefully, readers will inform us in the comments.Read More