US CHIPS Act: Getting the funding is just the start The long-awaited US CHIPS Act has finally been signed into law by President Biden, unlocking $52 billion in funding to boost the American semiconductor industry as a part of the broader $280 billion CHIPS and Science Act. Now the industry has to make good on its promises in a market where inflation is rapidly stifling demand. …
After a period of globalization, the world is again fragmenting into hostile blocs, who, even if not at open war, will try to make each other's lives difficult through trade restrictions and artificial shortages. The big players (USA, China, EU; not sure where to put India or the rest of east Asia) all try to have a full supply chain under their control. Not sure if this is a good or a bad development (probably a bit of both), but the doctrine of peace through economic interdependence seems to have stopped working with war in Europe and funny games around Taiwan.
I'm not so sure that the Belt and Road Initiative as made counties like China more, they may even make them hate China.
It as largely been a very expensive Giant Panda paid for by you with money lent by China, carries out by Chinese labour with Chinese materials, with the Chinese labour being feed by China at no point does the local economy get a look in.
If this is referring to the last president,
I don’t trust the media but I am hearing there is a full fledged war going on and that Europe folks are going to be cold this winter - because of politics.
The current president from day one shut down our chances of helping out friends out so when your children are freezing you might re think who your friends are.
From the rural areas of the states, we apologize for the hardships the current one has brought upon you by actions and the embarrassment the words of the last one spoke and above all for our lying media pointing out every flaw in our leaders so they can pit us against each other.
I'm not sure Modi especially likes Putin, rather he doesn't dislike him because there is little to no historic or current hostility between India and Russia. China, on the other hand, remains effectively at war with India. They've mostly managed to limit things to the occasional brutal murder with pointy sticks rather than kicking off an all-out shooting war, but the two countries are very firmly not friends. Pakistan may be thought of as their more traditional enemy, but China is considered by far the greater strategic threat. So while Modi may not go out of his way to antagonise Putin when there's no benefit to himself, there's pretty much nothing Putin could say or do that would magically make India forget their arguments with China and suddenly become best pals instead. If things kick off in any way around China, India is far more likely to try to take advantage of it than to join in on their side.
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