Among the world’s most inspiring business voices is Ren Zhengfei, founder-philosopher of Huawei, the disruptive and now condemned Chinese telecom-equipment company. Vilified as a cat’s-paw of the Chinese government, Mr. Ren has decided to place his trust in America’s legal system and launch a court challenge to the U.S. government’s campaign against his company—and family. His daughter, Huawei chief financial officer Meng Wanzhou, is fighting extradition to the U.S. from Canada on murky charges that she helped financial institutions violate American sanctions on Iran. She has been under house arrest in Vancouver, British Columbia, since December.
Chinese Yuan and US dollars on the map of China. Trade war between US and China, economic sanctions
Trade talks between the U.S. and China have hit an impasse, but there is surprising bipartisan support for the Trump administration to stay the course on what will be a long process to resolve the full range of trade problems specific to China. Success on this first round of trade negotiations in the form of ending the tariff penalties that are at the heart of a year-old trade war, with further reduction and even elimination of tariffs on as many categories as possible, should actually be attainable in the near term. Future rounds of trade talks to find remedies for China’s intellectual property and trademark theft, national security threats, and forced technology transfer from American companies doing business in China …
In Seattle, people are losing patience with city leadership over the homelessness crisis, but the frustration is running in both directions: the city’s political, cultural, and academic elites are conducting their own revolt—against the people. Read More ›
Did you know there was no health insurance until 1930 and that 90 percent of today’s medical care did not even exist in 1950? Yet, health insurance has not evolved to match the innovation or the demand. On this week’s edition of “The Bill Walton Show,” economic author John Steele Gordon and I discuss how our antiquated health insurance system has utterly failed to keep pace with modern medicine, how our healthcare system became such a tangled, costly mess and where we can find simple, free market solutions. Read More ›
With a new year often comes anticipation and optimism. And this year the State of the Union address will be in front of a new Congress -- with a Republican majority in both the House and Senate.
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Given the current high level of risks in the U.S. economy and specifically the asset bubbles induced by the Fed, 2015 will be a very challenging year.
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