another "lucky" jew, not doubt. like "lucky" Larry silverstein whose wife made him an appointment with a dermatologist that fateful morning. and "lucky" ZIM Shipping, the national shipping concern of israel, which broke lease and moved out of WTC2 a few weeks before 911. or the many many lucky breaks for Jews that day which resulted in endless forever wars fought for Israel's benefit. cui bono?
Yes, but Howard Lutnick‘s brother Gary died in the WTC at 9/11. So we should not assume he had any insider information, he was simply lucky. This being said, I agree that he lacks competence for his current job.
America has a secret weapon, our black engineers will kick China's slant-eyed ass. You don't have a chance against these intellectual giants. We will Wakandaize the world!!!!
The question is whether a design change really have to be made that fast. What's the rush? You can't wait a week or two? Or a month? Your old phone isn't working? You really need to call somebody that bad?
remember the early days when people queued up outside Apple stores to buy the latest model? last minute changes are not possible without Chinese production to make those "launch dates" Apple marketed to its customers.
nobody would die from a missed launch date but Apple shares may take a beating. Having your stock price drop by 25 cents is a big deal for the capitalists who own and run the place. You are questioning the entire premise of western liberal capitalist economic order. how dare you:)
I was also guilty for the same crime when responding to emails past midnight for ultimately unimportant issues. fortunately that was a life time ago and I'm off the treadmill. but the system our world is built on is truly fucked up.
Regarding the issue of the ever-accelerating extraction-processing-production-consumption-disposal cycle, as per the iPhone retooling story, not only this trajectory doesn't improve the quality of life, perhaps on the contrary, but it's clearly unsustainable. Even if geothermal energy is harnessed and technologies devised to make all the processes ecologically clean, there must be a hard limit on how fast the consumption cycle can get, due to various considerations.
I wonder if that limit has been or is being reached and if the turmoil in the world is a sign of the system correcting itself, whether spontaneously or whether engineered by some entities not suffering from myopia who can see beyond the next version of the iPhone. Is this just a rough patch in the life of the industrial consumerist civilization or is it beginning to crack up?
in China, this process is called 内卷. It is badly translated into English as "involution". basically a race to the bottom of ever escalating competition and pressure. It does produce higher and higher level of competitiveness. But the unintended consequence of more and more stress outweighs the benefits, in my view.
Like you said, this is not sustainable and bad for quality of life at the end of the day. I think everyone wants to slow down and smell the rose but doesn't know how. The dilemma will be with us for a long time to come.
"Getting off the phone is key," she thought, tapping her phone. 😂
But with iron self-discipline, at 7 am sharp (or thereabout, give or take 20 minutes, in case something really juicy turns up in her email), 1st cuppa caffafe long gone, she will rise, feed & clean up after the critters, then self, & head to the garden to kneel in the soil (typo, 1st keyed "soul" by accident?) & sink her hands into cool, inviting loam.
Except...look what just magically appeared in the email. "Five more minutes," she muttered to self. "Just 5 more..."
The majority of these jobs are going robotic. It means more energy and better infrastructures than what we have. Xiaomi just unveiled recently a dark factory that produces phones 24/7. It's fully automated with no human on the factory floor. Manufacturing is not coming back. The investments in human capital and infrastructures are not there in our country for manufacturing. The money for these are going to the 1% in tax cuts and endless wars.
I think anyone who’s had a professional career (finance, engineering, consulting) at a reasonably high level was immediately skeptical. The corroborating evidence is the complete lack of evidence that there was no plan for re-industrialization and the selected coterie around djt: Luttnick looks and sounds like a used car salesman for old Cadillacs, while Bessant has the mannerisms and tongue twisting talk of the guy who manages the cash register at the local card shop (formerly ran the coin laundry).
I’m forced to admit that — as a Biden basher — the CHIPS Act was an effort far beyond the current ship of fools.
The 1st law of thermodynamics basically says one can't make something out of nothing. Biden's actions were a step in the right direction but futile. We need investments in human capital and infrastructures first. Without these foundations, the CHIPS ACT was bound to fail. Human capital drives innovation and economic growth. Project 2025 will destroy this and our future.
Agreed except that sometimes things don’t get sequenced properly in the real world. Getting TSMC to open and run fabs in the US was a significant step, and a skillful manœuvre to steal IP (one of the crown jewels of a financialized economy).
Research into what is going on is “necessary but insufficient”. Reading between the lines is required. For example, I suspect that the move to offload Lighthizer to a Citibank advisory contract is indicative that Ron Vara, the PhD economist without a single peer-reviewed publication, may be next — an accident with a quicksand pond while breaking in a wild stallion at Luttnick’s private Wyoming ranch?
TSMC's Arizona fabs are not doing that well. The taiwan management is very frustrated with the quality of the work force as well as diligence and dedication which they take for granted in Asia. Ultimately human capital is the key. without a math/science-literate work force, reindustrialization in today's high tech world is a pipe dream. On top of that, the robots will take over the repetitive assembly line work and maybe a lot more soon.
IPs are short term advantage only. Human capital is harder and the true advantage. We are losing this to China. China produces about 4 million STEM graduates a year and over 10 million college graduates overall. It's more than all the West combined. This does not include another 10 million vocational school graduates. China's investments in human capital is its true advantage. We see it in AI and chips. China has match us in AI and catching up in chip. The word is that China will be producing 5nm this year. The law of very large number say China will win because of this investment in human capital.
Agreed but the value of IP shouldn’t be misunderestimated as IP (including brands, trademarks etc) can be a powerful barrier to entry. The ownership of certain photolithography patents is why ASML is not allowed to sell EUV/DUV machines to China. China has workarounds for the smaller nodes, but they’re still not comparable to EUV. I suspect that China won’t be able to make a huge leap in chips until silicon reaches the end of its life (hopefully sooner rather than later).
Well you can't just throw money at it. I worked for a global manufacturer - top company in its field - that converted its largest manufacturing facility from standardized production to custom. The scope of change was massive, of course impacting every department of the company across the globe (75% of design engineering was in China). As you say, there is no plan in our government for cresting an industrialization plan and program, no plans to replace our outmoded economy with a modern socialist managed market economy where the workers come first and growth is planned 10 years out. This guys Luttnick waving magic wands for PR sake is just going to kill us economically. They have no idea what it takes, none.
exactly as you pointed out, manufacturing in China is far more than moving the manual part of the production process there. It is about supply chain eco system, design engineering, quality assurance, market testing, product iteration, and more.
Moving a factory is hard enough in the west today with high land acquisition costs, environmental impact reviews, permitting, and physical construction for factory and facilities, surrounding infrastructure. But after building the factory, then comes the hard work above.
It can be done perhaps for some select industries (that would entail careful analysis and planning) but not for the majority of industries and will take years, even decades.
Even the rosy employment rate in the US today, hovering around 4% (if it is to be believed), will be a liability - where to find the workers for the factory floor? we are not even considering the mass immigration reversal...
That same Lutnick missed dying with his colleagues in the WTC collapse because that day he drove his son to school.
another "lucky" jew, not doubt. like "lucky" Larry silverstein whose wife made him an appointment with a dermatologist that fateful morning. and "lucky" ZIM Shipping, the national shipping concern of israel, which broke lease and moved out of WTC2 a few weeks before 911. or the many many lucky breaks for Jews that day which resulted in endless forever wars fought for Israel's benefit. cui bono?
LOL!
Yes, but Howard Lutnick‘s brother Gary died in the WTC at 9/11. So we should not assume he had any insider information, he was simply lucky. This being said, I agree that he lacks competence for his current job.
America has a secret weapon, our black engineers will kick China's slant-eyed ass. You don't have a chance against these intellectual giants. We will Wakandaize the world!!!!
With an average iq a standard deviation below whites?, I don't think so
I was being sarcastic guy...
We live in a rabbit hole, Alice in Wonderland, and all the Big Guys are eating magic mushrooms.
The question is whether a design change really have to be made that fast. What's the rush? You can't wait a week or two? Or a month? Your old phone isn't working? You really need to call somebody that bad?
Slow the fuck down!
remember the early days when people queued up outside Apple stores to buy the latest model? last minute changes are not possible without Chinese production to make those "launch dates" Apple marketed to its customers.
nobody would die from a missed launch date but Apple shares may take a beating. Having your stock price drop by 25 cents is a big deal for the capitalists who own and run the place. You are questioning the entire premise of western liberal capitalist economic order. how dare you:)
Mea culpa ... :-)
I was also guilty for the same crime when responding to emails past midnight for ultimately unimportant issues. fortunately that was a life time ago and I'm off the treadmill. but the system our world is built on is truly fucked up.
Regarding the issue of the ever-accelerating extraction-processing-production-consumption-disposal cycle, as per the iPhone retooling story, not only this trajectory doesn't improve the quality of life, perhaps on the contrary, but it's clearly unsustainable. Even if geothermal energy is harnessed and technologies devised to make all the processes ecologically clean, there must be a hard limit on how fast the consumption cycle can get, due to various considerations.
I wonder if that limit has been or is being reached and if the turmoil in the world is a sign of the system correcting itself, whether spontaneously or whether engineered by some entities not suffering from myopia who can see beyond the next version of the iPhone. Is this just a rough patch in the life of the industrial consumerist civilization or is it beginning to crack up?
in China, this process is called 内卷. It is badly translated into English as "involution". basically a race to the bottom of ever escalating competition and pressure. It does produce higher and higher level of competitiveness. But the unintended consequence of more and more stress outweighs the benefits, in my view.
Like you said, this is not sustainable and bad for quality of life at the end of the day. I think everyone wants to slow down and smell the rose but doesn't know how. The dilemma will be with us for a long time to come.
"Getting off the phone is key," she thought, tapping her phone. 😂
But with iron self-discipline, at 7 am sharp (or thereabout, give or take 20 minutes, in case something really juicy turns up in her email), 1st cuppa caffafe long gone, she will rise, feed & clean up after the critters, then self, & head to the garden to kneel in the soil (typo, 1st keyed "soul" by accident?) & sink her hands into cool, inviting loam.
Except...look what just magically appeared in the email. "Five more minutes," she muttered to self. "Just 5 more..."
And so it goes...
The majority of these jobs are going robotic. It means more energy and better infrastructures than what we have. Xiaomi just unveiled recently a dark factory that produces phones 24/7. It's fully automated with no human on the factory floor. Manufacturing is not coming back. The investments in human capital and infrastructures are not there in our country for manufacturing. The money for these are going to the 1% in tax cuts and endless wars.
I think anyone who’s had a professional career (finance, engineering, consulting) at a reasonably high level was immediately skeptical. The corroborating evidence is the complete lack of evidence that there was no plan for re-industrialization and the selected coterie around djt: Luttnick looks and sounds like a used car salesman for old Cadillacs, while Bessant has the mannerisms and tongue twisting talk of the guy who manages the cash register at the local card shop (formerly ran the coin laundry).
I’m forced to admit that — as a Biden basher — the CHIPS Act was an effort far beyond the current ship of fools.
The 1st law of thermodynamics basically says one can't make something out of nothing. Biden's actions were a step in the right direction but futile. We need investments in human capital and infrastructures first. Without these foundations, the CHIPS ACT was bound to fail. Human capital drives innovation and economic growth. Project 2025 will destroy this and our future.
Agreed except that sometimes things don’t get sequenced properly in the real world. Getting TSMC to open and run fabs in the US was a significant step, and a skillful manœuvre to steal IP (one of the crown jewels of a financialized economy).
Research into what is going on is “necessary but insufficient”. Reading between the lines is required. For example, I suspect that the move to offload Lighthizer to a Citibank advisory contract is indicative that Ron Vara, the PhD economist without a single peer-reviewed publication, may be next — an accident with a quicksand pond while breaking in a wild stallion at Luttnick’s private Wyoming ranch?
TSMC's Arizona fabs are not doing that well. The taiwan management is very frustrated with the quality of the work force as well as diligence and dedication which they take for granted in Asia. Ultimately human capital is the key. without a math/science-literate work force, reindustrialization in today's high tech world is a pipe dream. On top of that, the robots will take over the repetitive assembly line work and maybe a lot more soon.
IPs are short term advantage only. Human capital is harder and the true advantage. We are losing this to China. China produces about 4 million STEM graduates a year and over 10 million college graduates overall. It's more than all the West combined. This does not include another 10 million vocational school graduates. China's investments in human capital is its true advantage. We see it in AI and chips. China has match us in AI and catching up in chip. The word is that China will be producing 5nm this year. The law of very large number say China will win because of this investment in human capital.
Agreed but the value of IP shouldn’t be misunderestimated as IP (including brands, trademarks etc) can be a powerful barrier to entry. The ownership of certain photolithography patents is why ASML is not allowed to sell EUV/DUV machines to China. China has workarounds for the smaller nodes, but they’re still not comparable to EUV. I suspect that China won’t be able to make a huge leap in chips until silicon reaches the end of its life (hopefully sooner rather than later).
Well you can't just throw money at it. I worked for a global manufacturer - top company in its field - that converted its largest manufacturing facility from standardized production to custom. The scope of change was massive, of course impacting every department of the company across the globe (75% of design engineering was in China). As you say, there is no plan in our government for cresting an industrialization plan and program, no plans to replace our outmoded economy with a modern socialist managed market economy where the workers come first and growth is planned 10 years out. This guys Luttnick waving magic wands for PR sake is just going to kill us economically. They have no idea what it takes, none.
exactly as you pointed out, manufacturing in China is far more than moving the manual part of the production process there. It is about supply chain eco system, design engineering, quality assurance, market testing, product iteration, and more.
Moving a factory is hard enough in the west today with high land acquisition costs, environmental impact reviews, permitting, and physical construction for factory and facilities, surrounding infrastructure. But after building the factory, then comes the hard work above.
It can be done perhaps for some select industries (that would entail careful analysis and planning) but not for the majority of industries and will take years, even decades.
Even the rosy employment rate in the US today, hovering around 4% (if it is to be believed), will be a liability - where to find the workers for the factory floor? we are not even considering the mass immigration reversal...