“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms. People pay with their phones, using digital payment systems created by the two biggest Chinese tech companies, Alibaba and Tencent.
"The IP Commission estimates that between $200 billion and $500 billion a year of intellectual property is stolen from the U.S." I found this interesting tidbit in The Atlantic interview of Kevin Hassett, ex CEA chair. (HT Marginal Revolution)
China’s Leaders can amass significant personal fortunes, using family members to conceal the wealth. They want to hide it because in public they must preserve the image of humble, sacrificing members of the Chinese Communist Party, even if they are really profiting nicely from capitalism. Thus, the secret wealth of these pooh-bahs is one of the most sensitive and taboo topics in China today.
Stanford (as we explored earlier this week) has become as much a tech incubator as a university — a four-year finishing school for the elite of Silicon Valley. But, of course, there are more worlds than the tech industry, and more reasons than “tech wealth” that the university is consistently named the No. 1 “dream college” for both parents and students. Many paths to fame, fortune, and power run through Stanford — here are just a few.
As most long-standing news outlets have shuttered their foreign bureaus and print operations, the role of Global News Networks (GNNs) as information collectors and policy influencers has changed. Western GNNs are both untethered to government entities and able to produce accurate yet critical situational analyses. But due to the emergence of other GNNs owned or directed by national governments, the global news cycle has become thoroughly manipulatable.
In his latest book, historian Niall Ferguson discusses the way networks influence history. This can help us understand the conflicts in the world today, such as the protests in Hong Kong, says Alexander Görlach.
Fake news and social media posts are such a threat to U.S. security that the Defense Department is launching a project to repel “large-scale, automated disinformation attacks,” as the top Republican in Congress blocks efforts to protect the integrity of elections.
Months ago, despite clear evidence to the contrary, President Donald Trump claimed that "nobody has directly pointed a finger" at Crown Prince Mohammed bin Salman over the murder of prominent Saudi journalist Jamal Khashoggi.