The Guardian title: They’re openly saying it: Brexit has failed. But what comes next may be very dark indeed Guardian subtitle: The ‘remoaner elite’, the civil service, the BBC, universities, unions, refugees: anything is blamed but Brexit itself By: Jonathan Freedland Date: 19 May 2023 "It lasts no more than a second, but it is a moment for the ages. Interviewed on...
Business
Washington isn’t listening to business on China any more (FT)
17 May, 2023
INTRODUCTION LO: The FT opinion below is an interesting, valid analysis that is worth reading. Until 2020, I would - probably - have agreed with the conclusions below. In my 2019 update of the 7 Belief systems (eg, 2015 original), I had even removed Politics from its Power domain. The subsequent Chinese political crackdown on various business sectors made me...
U.S. Think Tank Reports Prompted Beijing to Put a Lid on Chinese Data (WSJ)
14 May, 2023
Wall Street Journal title: U.S. Think Tank Reports Prompted Beijing to Put a Lid on Chinese Data WSJ subtitle: Some reports based on publicly available information alarmed officials By: Lingling Wei Date: 7 May 2023 "A recent campaign to restrict overseas access to China-based data sources was partly triggered by a drumbeat of U.S. think tank reports on sensitive...
China’s exit bans multiply as political control tightens under Xi (Reuters)
6 May, 2023
Reuters title: China's exit bans multiply as political control tightens under Xi By: James Pomfret and Angel Woo Date: 2 May 2023 "Summary: - Safeguard Defenders report maps rise in exit bans - Foreign business community concerned about exit bans - U.S.-China geopolitical tensions weigh - Mintz Singaporean executive exit banned this year China is...
AI Doesn’t Hallucinate. It Makes Things Up (Bloomberg)
8 Apr, 2023
Bloomberg title: AI Doesn’t Hallucinate. It Makes Things Up By: Rachel Metz Date: 3 April 2023 "There’s been so much talk about AI hallucinating that it’s making me feel like I’m hallucinating. But first… Choice of words Somehow the idea that an artificial intelligence model can “hallucinate” has become the default explanation anytime a chatbot messes up. It’s an...
Inflation: demand versus supply-side
4 Apr, 2023
Usually, inflation is caused by excess demand (eg, business, consumers). The common Central Bank policy is to reduce demand by raising interest rates. Generally, it takes time before a lower inflation becomes visible. A policy of reducing interest rates creates hyperinflation (eg, Turkey). There is, however, another cause: supply-side inflation. "A damaged supply...
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