Just a Thought

California is running a very large budget surplus—$31 billion worth—and the men and women of that State’s government really and truly don’t know what to do with it. Especially since the voter-approved Gann Limit doesn’t let the government run that big a surplus.

Here’s a thought.

Maybe pay a tax refund to the citizens of California, and sock the rest of the surplus away in a State rainy-day fund.

Nah. Waste of money. Those citizens would only waste it on their own needs and wants, rather than spending it properly. And who needs a rainy-day fund? California has droughts.

“Ethical Dilemma”

Walmart is getting blowback from the citizens and government personnel of the People’s Republic of China in response to the company’s apparent decision to stop selling products—in accordance with US law—sourced from or with components sourced from the Xinjiang Uygur Autonomous Region of the PRC, where the men of the PRC government are practicing genocide and using the so-far survivors for slave labor.

In her Wall Street Journal article on the matter and the blowback other US companies also are getting for following US law, Liza Lin had this remark, which illustrates the far-too-wide misunderstanding of the situation that too many journalists have.

The northwestern Chinese region of Xinjiang, home to millions of mostly Muslim minorities, has become a geopolitical flashpoint and an ethical dilemma for US multinationals doing business in China.

There’s no ethical dilemma here. US companies, multinational or other, have no ethical business—no moral ability—to do business within a nation that practices genocide or to do business with businesses that are domiciled in nations that practice genocide.

Full stop.

Walmart, and those other companies, would do well to withdraw altogether from the PRC, not just from the Region. Aside from the moral aspect, there are plenty of markets around the world other than those in genocidal countries.

Disingenuosity in Advertising

Advertisers think they need to be careful this winter. Maybe they do.

Advertisers are treading carefully when it comes to peddling their products and services during February’s Beijing Winter Olympics….

And

Some brands are considering not including any references to the host city in their Olympic marketing efforts, according to advertising and marketing executives. Others plan to run non-Olympic-themed ads during the Games.

Never mind the disingenuousness of advertising on a network during that network’s Winter Olympics coverage, but carefully not mentioning the host city’s name. The who and the where remain obvious. And the who and the where remain the seat of a government that practices genocide and threatens invasion and conquering of other nations.

Nor is it all that hard. There’s no fine line to walk, there’s no need to tread carefully.

The advertisers don’t need to advertise at all on any network during that network’s coverage of this season’s Winter Olympics; let the networks carry the games ad-free. Advertisers can advertise elsewhere during the hours of games coverage to their hearts’ content, just stay true to their putative intent of remaining games-free during with those ads.

And this:

Brands are “concerned how their actions could be interpreted by the Chinese government,” and history has shown that China could take action against them if they speak out[.]

Advertisers don’t need to be cowardly, either. As soon as advertisers surrender themselves to threats of PRC government action, they become prisoners of that government. Advertisers that are American companies should act like Americans, not supplicants of the PRC’s government men.

Let the rest of us ignore the games. We’ll be watching who supports the People’s Republic of China and its atrocities.

Ultimatums

Russian President Vladimir Putin has them, so far centered on his buildup opposite Russia’s border with Ukraine.

“Further movement of NATO eastward is unacceptable,” Mr Putin told a press conference on Thursday.

This is the Kaiser presuming to order Poincaré/Viviani and Asquith not to respond to his buildup opposite the French border.

And this:

Mr Putin warned that Russia’s actions would depend not only “on the course of the negotiations, but on the unconditional provision of Russia’s security, today and in the future,” he said.

Like he’s honoring Ukraine’s security, as he’s already committed to do via his agreements under the Budapest Memoranda? He’s in no position to complain, at least in no moral position.

The Russian Anschluss:

[Putin insists] the future of the breakaway eastern region, called the Donbas, should be determined by residents there and he described the Kremlin’s role as being “mediators in creating the best conditions for determining the future of the people who live there.”
More than a million residents of the Donbas region have Russian passports, according to senior Russian officials.

The question is whether Biden-Harris, Macron, Johnson, and Scholz will have the moral and political courage that even those two sets of feckless predecessors had. In making their decisions to run and hide or to stop Putin and force him back out of Ukraine (and Georgia), these worthies need to consider that the farther Putin expands his borders, the farther he’ll demand the West retreat, for the unconditional provision of Russia’s security, today and in the future.

Update: Putin is withdrawing some 10,000 soldiers of the 175,000 that he’s mobilized on the Russian border with Ukraine. There are some reasons for this. One is that he’s making a show of this to cover the fact that he’s simply rotating troops in and out of the field to keep them fresh.

Another is that he’s giving up something small in the expectation of–and added pressure to–get something major for his going first with this “concession.”

Another is that Biden-Harris already has surrendered something, and he’s making a token gesture preparatory to forcing a major surrender regarding Ukraine, having thus built  momentum in Biden-Harris toward yielding and gotten him deeper into that mindset.

Updated Update: Other Russian troop movements include these:

Satellite photos revealed that Russia this month has moved infantry vehicles, tanks, artillery, and more into Crimea, according to reports. Additionally, a military unit has arrived near a Russian town that is situated nine miles from the border with Ukraine.

Cowardice

This time, by Intel’s Chairman Omar Ishrak and CEO Pat Gelsinger. This management team, a short time ago, sent out a letter to Intel suppliers asking them to avoid sourcing from the [People’s Republic of China’s] region of Xinjiang, where the Chinese government has conducted a campaign of forcible assimilation against religious minorities.

Intel called on its business partners to steer clear of the remote northwestern region of China, noting that “multiple governments have imposed restrictions on products sourced from the Xinjiang region. Therefore, Intel is required to ensure our supply chain does not use any labor or source goods or services from the Xinjiang region.”

After a hue and cry on PRC social media, though, Ishrak and Gelsinger cringed and ducked under their separate desks, and had the company issue a carefully unsigned corporate statement expressing “Intel’s” regret over having offended the PRC.

…its letter was written only to comply with US law and didn’t represent Intel’s stance on Xinjiang.

Please don’t hurt us, please. We didn’t mean it. And this plea:

We deeply apologize for the confusion caused to our respected Chinese customers, partners, and the public[.]

There’s this, too, illustrating the artificial nature of the conundrum:

Multinational companies have been caught in the middle as Western governments have pressured companies to disentangle their supply chains from Xinjiang.

No, they’re not caught in any middle. They just need to find the moral courage to shift their supply sources and their markets out of the PRC. They have the economic wherewithal, even if the transition processes will be near-term expensive. An earlier First Lady identified the position to take: “Just say no.” Even that infamous shoe-maker, Nike, has the right words, if not the integrity to honor them: “Just do it.”

Never mind that it’s PRC President Xi Jinping and his Chinese Communist Party cronies who should be apologizing for their ongoing atrocities against Uyghurs in Xinjiang.

This is disgusting cowardice, and it should be unacceptable for American company managers to put lucre from the PRC above morality.