Huawei Is Being Targeted Because Of The “Tech Arms Race”, Not The “Trade War”

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Acting U.S. Attorney General Matthew Whitaker answers questions from reporters as he stands in front of Commerce Secretary Wilbur Ross, right, at the Justice Department in Washington on Jan. 28.

 

Huawei is the only company capable of competing with Apple, and it’s also the global leader in the 5G technology that’s expected to take the “Fourth Industrial Revolution” to its next phase. The US fears losing its global monopoly on the internet in general and wireless technologies in particular, especially in what it had previously regarded as its lucrative “captive markets” in the West, so it has an incentive to fearmonger about Huawei’s intentions in order to deter others from doing business with them. It also shouldn’t be seen as coincidental that American ally Poland recently cracked down against an alleged Huawei conspiracy as well, since this sends a trans-Atlantic signal of what the US is after. Continue reading

The Rise of Robots Continues in the Workplace

Robots, automation, and artificial intelligence are creeping into every segment of the workforce—from utilitarian roles such as manufacturing to the absurd, like this robot Buddhist monk in Japan—but human ingenuity can still win out in the end.

 

As automation makes more and more human jobs obsolete, one economist says ingenuity may still trump artificial intelligence in the long run.

That economist said:

“Since the dawn of the industrial age, a recurrent fear has been that technological change will spawn mass unemployment. Neoclassical economists predicted that this would not happen, because people would find other jobs, albeit possibly after a long period of painful adjustment. By and large, that prediction has proven to be correct.” Continue reading

Citi Economist: The U.S. Is the Least Prepared Major Economy for the Huge Changes Ahead

U.S. politics aren’t ready for this.

Citigroup’s chief global political analyst, Tina Fordham, and Chief Economist Willem Buiter have offered their outlooks on the global state of affairs at the World Economic Forum’s annual meeting in Davos. They did not paint a sunny picture. Continue reading