WASHINGTON CONSENSUS
Biden sharply hikes US tariffs on Chinese chips, cars & other items worth billions
President Joe Biden announced a significant increase in tariffs on various Chinese imports, including electric vehicles and medical products, to address what the White House deems unfair trade practices. The move aims to bolster U.S. economic security but risks straining relations with Beijing ahead of the upcoming election.
View: Time to bring humanity back into capitalism?
Modern economists have a flawed understanding of how societies and economies function, leading to a need for a new economics that brings humanity back into capitalism. The current approach to economics, which relies on leaving problems to the market, has led to structural weaknesses in economies and irrational exuberance in deregulated financial markets.
China's top diplomat visits Washington to help stabilise ties and perhaps set up a Biden-Xi summit
A top-ranking Chinese diplomat is in Washington for a visit where he's engaging with senior U.S. leaders, potentially even US President Joe Biden. This visit is likely significant in the effort to improve and stabilize U.S.-China relations, with the ultimate goal being arranging a summit between President Biden and Chinese President Xi Jinping.
Bears vs Commanders: Check kick off time, date, how to watch and all you need to know
The Commanders are favored by 6.5 points with an over/under of 44.5, as per reports.
Where to watch 'The Equalizer 3' 2023 online for free: Streaming details and release info
Denzel Washington has reprised his role as the iconic Robert McCall in "The Equalizer 3," which made its debut in theaters this weekend. For dedicated fans eagerly anticipating this action-packed thriller, we have all the information about when and where you can stream it online.
North Korean leader Kim shares center stage with Russian, Chinese delegates at military parade
Kim’s latest display of his military might comes as tensions on the Korean Peninsula are at their highest in years. North Korea has dialed up its weapons tests to a record pace in recent months and the U.S. has responded by strengthening combined military exercises and nuclear contingency planning with South Korea, in a cycle of tit-for-tat that has been punctuated by mutual, verbal threats of destruction.
Playful or murderous? Orca behavior puzzles experts as more boat ramming incidents reported off Iberian Peninsula
Despite the seemingly playful intentions, these interactions have resulted in real damage to boats. Spanish and Portuguese coasts have witnessed numerous incidents this year, including a sailing boat that suffered a broken rudder and hull damage, necessitating a rescue.
Uncensored chatbots provoke a fracas over free speech
Several uncensored and loosely moderated chatbots have sprung to life in recent months under names such as GPT4All and FreedomGPT. Many were created for little or no money by independent programmers or teams of volunteers, who successfully replicated the methods first described by AI researchers. Only a few groups made their models from the ground up.
The new Washington Consensus and India-US relations
It’s not China per se but policy to reclaim economic dominance that has made US ‘find’ India
What would it mean if Ukraine joined NATO?
Ukraine is seeking to join NATO quickly, despite Western allies being divided over the timeline. Ukraine has taken steps towards NATO membership, such as adhering to democratic principles, peacefully resolving conflicts and following NATO military criteria through a MAP. However, Article 5, which states that an attack on one ally is an attack on all, makes it difficult for Ukraine to join during the ongoing conflict with Russia. Russia has long seen NATO's expansion as hostile to Russia and aims to protect its interests and security. Ultimately, the decision to invite Ukraine into NATO must be taken by consensus among member states.
AI in Washington’s crosshairs but consensus far from certain
Interviews with a US senator, congressional staffers, AI companies and interest groups show there are a number of options under discussion.
Washington is determined to govern artificial intelligence, but how?
Some proposals focus on AI that may put people's lives or livelihoods at risk, like in medicine and finance. Other possibilities include rules to ensure AI isn't used to discriminate or violate someone's civil rights.
India's prowess in building consensus
Incremental gains, building on the previous meeting in Bengaluru, however, burnish India's efforts as rotating G20 president in painstakingly building consensus over intractable issues like debt distress in low-income countries and commitments to climate mitigation costs.
Davos 2023: Global trade rethink: 'race of the big pockets'?
The Big Three trading powers at this year's World Economic Forum all offered takes on how they saw the future of global commerce. What's not clear is where the rest of the world fits in.
Their Plants Are Withering
The second ideal type suggests pathological deindustrialisation that has occurred in several Latin American and African countries during 1980s-90s. As a result of Washington Consensus policies of international financial institutions, which Latin American and many African countries were obliged to follow after the debt crisis, there has been considerable structural change in these countries. But another view says that these countries now specialise according to their comparative advantage.
U.S., Taiwan to start formal trade talks under new initiative
Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.
G20 agrees to set up global pandemic preparedness fund
The US and Indonesia have been pushing for the establishment of such a fund to help the world be better prepared to tackle future pandemics, but others have been concerned the fund could weaken the World Health Organization or other global health mechanisms.
30 years after 1991, reforms spasmodic, state meddling a constant in India
Thirty years after Singh’s speech we are at another “crossroads.” Though the pandemic battered every economy, India like many emerging nations lacked the funds to implement stimulus of the scale seen in many developed countries. So once again it is under pressure to reform.
Why today's India isn't ready to embrace 1991-style economic reforms
That’s not because Modi is afraid of bold initiatives or lacks the political capital to see them through; his popularity remains unmatched, as does his flair for the dramatic gesture. The real issue is that his government and the Indian bureaucracy, unlike in 1991, aren’t set up to develop a consensus behind liberalizing reforms.
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