The Biden administration wants to control—put a leash on—the development of artificial intelligence software, in contrast with the Clinton administration’s hands-off approach to the development of the Internet. That’s the thrust of a Wall Street Journal Monday article.
The matter is far deeper and far broader than that. Biden’s move regarding AI is of a piece with his moves regarding ICE vs battery cars, solar and wind energy vs oil, gas, coal, and nuclear energy, and on and on.
Recall that the New York legislature is pushing legislation that would allow [prison] inmates to collect around $400 each month over six months once they leave prison.
New York City’s Progressive-Democrat Mayor Eric Adams just said, “Hold my beer.”
Officials in New York City have begun giving out prepaid debit cards to migrant families residing in the Big Apple.
The first batch of debit cards, which are reportedly meant to be used by the illegal immigrants to purchase food and baby supplies, were handed out Monday to a handful of migrant families in the city, New York City Mayor Eric Adams’ office confirmed to Fox News Digital.
The effort is part of a reported $53 million pilot program to hand out prepaid credit cards to migrant families….
The British government, as I write Tuesday morning, is set to publicly accuse the Chinese state of hacking Britain’s electoral register.
What’s at least as important, though, is this bit:
What to do in response is a conundrum, especially for smaller Western democracies such as the UK that are trying to balance courting investment from China while calling out its alleged abuses.
That’s a problem that’s straightforwardly enough solved: stop accepting investment from the PRC. Stop doing any business with the PRC or any of the enterprises domiciled in the PRC or any non-domestically domiciled enterprises that are affiliates of PRC domiciled enterprises. All that’s needed—and it is a hard task—is the political will to make the necessary moves.
Europe’s nations—particularly those not directly bordering on Russia—are finally figuring out that Russia is as much a threat to them as it is to Ukraine.
…the cost of building robust defenses able to withstand a potential US pullback is so great that it threatens Europe’s post-Cold War social model.
And
Achieving the military spending that some politicians and experts say is needed would force European members of NATO to start reversing big post-Cold War increases in social spending.
“You have to rearrange the social contract,” said Lithuanian Foreign Minister Gabrielius Landsbergis, who has warned that Russia will eventually attack NATO countries if it isn’t defeated in Ukraine.
Michigan’s Progressive-Democrat Governor Gretchen Whitmer signed, in the name of the State of Michigan, a deal with Gotion Inc, a subsidiary of Gotion High Tech Co Ltd which is headquartered in the People’s Republic of China. Gotion Hi Tech is not only subject to PRC national security law that requires domestic companies to provide information the intelligence community “requests” in whatever nation that information might reside, it has open and direct ties to the Chinese Communist Party. From that, Gotion Inc, the party to that Whitmer deal, has those same ties and PRC-legal obligations.
On the matter of the Republic of China’s ability to defeat a People’s Republic of China invasion, Progressive-Democrat President Joe Biden isn’t the only US President who’s been terrified of offending the PRC too badly. The RoC has long sought to buy offensive, and long-range weapons from the US, even concluding some deals that a variety of US administrations have failed to deliver on. Instead, in the main,
[f]or more than a decade, US officials have encouraged Taiwan to invest in small, relatively cheap weapons such as shoulder-fired missiles, drones, and sea mines. The goal would be to bring a Chinese amphibious invasion force to a halt at close range with thousands of small strikes.
Such asymmetrical warfare is a favorite tactic of guerrillas and weaker nations facing big rivals.
The Wall Street Journal is speculating on when the Fed might start lowering its benchmark interest rates, speculating further that the Fed might be worrying about whether it’s time and whether leaving its rates where they are might spark a recession. (I was one of those worrying about a recession starting up over the last year or year-and-a-half, and still, but maybe the Fed’s worry is as overblown as mine.)
Early in the article, the WSJ has this:
The central bank will keep its benchmark interest-rate target at a range of 5.25% to 5.5%, a 23-year high….
Don’t take government money to do something good, thereby avoiding the government’s strings necessarily attached (as well as government’s strings that are attached unnecessarily), and be able to do the good thing at much less cost, including for the taxpayers providing the government’s fettered money.
By forgoing government assistance and the many regulations and requirements that come with it, SDS Capital Group said the [affordable housing] 49-unit apartment building it is financing in South Los Angeles will cost about $291,000 a unit to build.
The roughly 4,500 apartments for low-income people that have been built with funding from a $1.2 billion bond measure LA voters approved in 2016 have cost an average of $600,000 each.
So what, indeed.
Shelter cost inflation slowed, to 0.4% in February from the previous month compared with a 0.6% pace in January. This reinforced suspicions that January’s high reading in that category was an anomaly. But apparel prices, a category that had been in deflation, jumped 0.6%.
There’s concern that inflation isn’t “slowing” enough to encourage the Federal Reserve to start cutting its benchmark interest rates, and that’s a two-edged sword.
But only a little bit. Lomborg (among other things, Copenhagen Consensus President), in his Tuesday Wall Street Journal op-ed, writes absolutely correctly about the need for climatistas (my term, as is “doomsayers” below) to consider much more than their simple claim of climate change and the imminent destruction from their claimed change. Lomborg, though, concentrated on the economic destruction the doomsayers’ policies would inflict even as those worthies ignore technological advances that would mitigate their claims’ outcome, even were their claims in any way accurate.
Where I disagree is in the lack of discussion of the larger, and more important, context within which today’s alleged climate disaster is supposedly developing.