Monthly Archives: January 2018

Trade Reciprocity

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When the Committee on Foreign Investment in the US refused to approve a deal between the People’s Republic of China’s Ant Financial Services Group and MoneyGram International Inc, wherein the former would acquire the latter, Anjani Trivedi in a Wall Street Journal article lamented the demise of “deal making” between American companies and PRC companies.

Beijing has softened its attitude somewhat recently, relaxing its foreign-investment policies to lure more capital into specific sectors, including financial services. With the CFIUS decision on Ant and MoneyGram, it’s clear such moves aren’t going to be met with much reciprocity.

And

For investors, the takeaway is that the “China bid” that has helped boost global asset prices this century may be gone for good….

Leave aside the artificial hysteria of “gone for good.”  The PRC’s “moves” are empty rhetoric, as their limited nature demonstrate. Further, such “moves” can only be tokens as long as the PRC demands that partnership with Chinese companies; or transfer of technology, including proprietary tech; or PRC-run back doors into foreign business’ software be accepted by the foreign business as the price of doing business in the PRC.  Such “moves” can only be tokens so long as PRC acquisitions of US companies are aimed not at strengthening a business but at “acquiring” US technology.  Such “moves” can only be tokens so long as Chinese companies are arms of the PRC’s government.

There’s nothing with which to reciprocate.

Porch Dogs

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Some of you may be aware of the protests in Iran, protests that are growing in size and becoming subject to increasingly violent attempts at suppression by the Iranian government.  “Some of you” because the NLMSM isn’t talking much about the protests.

It turns out that Iranian women are playing a prominent leading role in those protests.

  • a young Iranian woman standing atop a container and shedding her hijab…while simultaneously waving it as a flag
  • a woman confronting security forces and proclaiming “Death to Khamenei” while crowds around her join in
  • Another woman was seen on tape declaring “You raised your fists and ruined our lives. Now we raise our fists. Be men, join us. I as a woman will stand in front and protect you. Come represent your country.”

And on and on.  These women are risking their freedom, such as it is in Iran, risking arrest, beatings, perhaps their lives just to be in these protests, much less to lead many of them.

But, where are the Western “feminists” who were willing—anxious, even—to protest loudly against the inauguration of a President of whom they disapprove, protest against the perceived evils of Civil War heroes of the Confederacy, against sexism and sexual harassment and assault in the halls of Hollywood and Congress?

Never mind that these protests all were conducted wholly within the safety of a nation that proudly protects the freedom to speak one’s mind, to protest against government or any other ill, real or imagined.

Where, now, are Linda Sarsour?  Elizabeth Warren?  Nancy Pelosi?  Kathy Griffin?  Kamala Harris?  Kirsten Gillibrand?  Amy Klobuchar?  Debbie Stabenow?  Debbie Dingell?  Madonna?  Amy Poehler?

Others, like Catherine Ray, Federica Mogherini’s spokesman, has uttered only bland platitudes about rights to peaceful protest and free speech.  The High Representative of the European Union for Foreign Affairs and Security Policy herself has chosen, so far, not to speak at all in her own voice.

What are these women, safe and sound in the bosom of the United States and Europe, saying and doing in support of those Iranian women?  Not much.

Susan Rice, ex-President Barack Obama’s (D) National Security Advisor and UN Ambassador, says the timidity is proper:

Stephen Miller, the author of the piece at the link, wants to know why these modern “feminists” don’t speak up or act concretely in support of those Iranian women.  I have a different bit of advice: stay up on the porch, ladies.  It’s safe there.  Real women are taking action.

Even porch dogs yap, though.

A More Bipartisan Senate?

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Senator Doug Jones (D, AL) was sworn in on Wednesday, and he claimed to be “starting fresh” and wanted to be the voice of reason.  Buried in that WSJ piece, though, was this unadorned comment by the piece’s author, Siobhan Hughes, and that is the point of this post:

Democratic leaders started 2017 expressing a desire to find common ground with Mr Trump, and ended the year so alienated from the legislative process….

They alienated themselves by rejecting all efforts at bipartisanship.  A couple of interviews at the end of the year gave the Progressive-Democrats’ game away.  Congresswoman Debbie Dingle (D, MI) said that she wanted bipartisanship and was anxious for Republicans to work with her.  Senator Ben Cardin (D, MD) said that he was interested in bipartisan solutions and he wanted Republicans to work with him to achieve them.

Not a syllable of interest in these Progressive-Democrats, or their fellows in either House of Congress, in their working with Republicans.  It’s strictly one-way.

Uninformed

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New York Governor Andrew Cuomo is upset because his enormously high taxes are going to be exposed in all their fiscally painful glory by the just-passed tax reform bill.

We’re going to propose a restructuring of our tax code. I’m not even sure what they [Republicans] did is legally constitutional and that’s something we’re looking at now.  You can change the tax code. You can’t penalize my state because of its political affiliation. There’s never been a double taxation before in the history of the nation.

Cuomo and his fellow Progressive-Democrats in the State’s government have been needing to “restructure” how much they’re overcharging the good citizens of New York for some time.  That’s a separate issue.

Passing a tax law that applies the same criteria to each of our 50 States equally?  That equality is unconstitutional only if Cuomo can make the case that New York is somehow special and doesn’t deserve equal treatment under law.

Andrew Cuomo: the canonical uninformed voter.

A UN Vote

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Recall that the UN voted strongly to condemn the Trump administration’s decision to move our Embassy to Israel to Israel’s capital, Jerusalem.  In a Letter to the Editor of The Wall Street Journal, one letter writer objected to our response to the vote.

America should support other countries’ right to vote their conscience as the US does, whether or not we agree with them.

America does support other countries’ right to vote their conscience, whether or not we agree with them. It’s a two-way street, however. Others, including our letter-writer, need to support America’s right to act in accordance with our conscience—to object to those votes and their outcome, and to act accordingly.

No one—most especially America—moved to prevent those votes from occurring.  Others, though, including our letter-writer, are acting, it seems, to deny our right to respond.