Tech C.E.O.s Spent Millions Courting Trump. It Has Yet to Pay Off.
(NYT) -- The biggest technology companies and their chief executives donated millions to President Trump’s inauguration, hosted black-tie parties and dinners in his honor, and allowed him to announce and take credit for new multibillion-dollar manufacturing projects.
But less than three months into the president’s second term, Mr. Trump has hardly returned their lavish gestures with favors.
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Why there are reasons to be cheerful in turbulent times
(FT) - First, we should not forget that we may suffer from negativity bias in reporting the news. The arrival of social media has probably aggravated this. The platforms’ business model is based on keeping users’ attention. This is easier with reports of disasters than news of incremental progress in fighting global poverty. Social media make the world more transparent. This helps to expose corruption, but also highlights every mistake of incumbent elites and reduces confidence in government and political institutions.
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Djokovic 100th Denied
(SUN) He also aimed to become the oldest man to win a Masters title in tennis history when he faced youngster Jakub Mensik in the Miami Open final. But a laboured Djokovic went down 7-6 7-6 to the Czech 19-year-old inside the Hard Rock Stadium.
Presage in 1993
(BBC) 'This is the information age': How Microsoft founder Bill Gates mapped out the new internet era back in 1993. Gates and Paul Allen launched computing giant Microsoft 50 years ago. In 1993, he talked to the BBC about the online innovations.
Marine Le Pen Falls to the Rule of Law and a Great Battle Looms
(NYT) European societies, given their history, are sensitive to the revival of far-right movements. France, like Germany, has a visceral memory of how fragile democratic institutions are and how once the rule of law goes, the way is open to dictatorial power.
Top Netanyahu aides Urich and Feldstein arrested in ‘Qatargate’ investigation
(Times of Israel) In a very brief statement to the press, the police state that the two suspects were arrested earlier today within the framework of the investigation into suspected unlawful ties between senior aides to Netanyahu and Qatar.
Rednote Mania
(NBC) In protest of the looming ban, TikTok users have joined Shanghai-based RedNote, sending it to the top of Apple’s App Store and mocking U.S. security concerns as they try to navigate the Chinese-language app.
Broken system
(NYT) Many Americans who otherwise dislike President-elect Trump share his bleak assessment of the country’s problems and support some of his most contentious ideas to fix them, a New YorkTimes/Ipsos poll found.
Glimpse of Future
(REUTERS) China's aerospace ambitions took centre stage on the first day of the Zhuhai air show, with COMAC announcing Air China as the first customer for its C929 widebody jet, while a model of the country's first commercial uncrewed spaceplane was on display.
Western Schadenfreude
(GT) The Western media seems restless when it comes to bleak predictions about China's economy. "Panic in China," "China's stimulus falls short," "economic woes" - these latest narratives, filled with schadenfreude, once again demonstrated their persistent misjudgment of China's economic resilience.
Neo-McCarthyism
(Global Times) Immediately following that, reports indicate that the US House may vote this week on more than two dozen China-related bills aimed at addressing the alleged national and economic security threats posed by Beijing. The "masters of deception" are once again orchestrating and fueling a new wave of anti-China McCarthyism.
Trump II Tariffs
(PIIE) Many people appear to assume that, if reelected, former president Donald Trump on day one of his second term would carry out his campaign promise to impose 10 to 20 percent tariffs on all imports. This, combined with his threatened 60% tariff on Chinese imports, would cost the typical American household more than $2,600 a year.
World in Word
May 25 2023
salami tactics
Over the recent years, the United States has followed the salami tactics on the Taiwan question, distorting, manipulating, fudging and hollowing out the one-China principle. Some high-ranking U.S. officials even claimed that the Taiwan question is not China's domestic affair.
bash
Rio de Janeiro’s Copacabana beach welcomed a small crowd of a few thousand for a short fireworks display, and several Brazilian cities canceled celebrations this year due to concern about the coronavirus. The Brazilian capital’s New Year’s bash usually drew more than 2 million people to Copacabana before the pandemic.
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Editor Viewpoint
Entangled in a Tariff Turmoil?I think the Trump 1.0 has certify that the tariff panic is just his package. His orginal thought is to occupy the headlines of media world continuously. Full of news value, to some extent.
Unknowingly, he is using wisdom of Chinese old 36 Stratagems. Stratagem 20, to fish in a turbid waterpool. Then Stratagem 5, to plunder a house on fire.
This is the opinion of Mr Larry Kotlikoff from Lane Institute, which I agree.
"Our best guess is the Trump administration is manufacturing (no pun intended) a recession scare to drive interest rates down. ... Trump’s scare tactics are showing success, as the US 10-year yield has fallen to a flat 4% from 4.57% at the start of the year. Of equal importance will be whether the Federal Reserve responds by lowering short term rates. "
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