Second stimulus check update: IRS getting more relief payments out after delays Chicago TribuneSecond stimulus check update: IRS getting more relief payments out after delays Chicago Tribune
Day: January 12, 2021
BBB warning: How to spot vaccine & stimulus check scams – WFMYNews2.com
BBB warning: How to spot vaccine & stimulus check scams WFMYNews2.comBBB warning: How to spot vaccine & stimulus check scams WFMYNews2.com
Approaches Differ Somewhat on Collecting Debt to Social Security – FEDweek
Approaches Differ Somewhat on Collecting Debt to Social Security FEDweekApproaches Differ Somewhat on Collecting Debt to Social Security FEDweek
Tuesday assorted links
1. Walter Benjamin thread. And El Anatsui profile (New Yorker). 2. The excellent Frank Blake does a podcast with me; he interviews me, he is former CEO of Home Depot. 3. More on how mRNA vaccines work, and a credit to Canada too. 4. Vitalik on free speech (always read Vitalik). 5. The Economist on […]
The post Tuesday assorted links appeared first on Marginal REVOLUTION.
CES 2021 BiiLabs introduces blockchain-based payments, for supporting digital currencies with a tiny fee – PRNewswire
CES 2021 BiiLabs introduces blockchain-based payments, for supporting digital currencies with a tiny fee PRNewswireCES 2021 BiiLabs introduces blockchain-based payments, for supporting digital currencies with a tiny fee PRNewswire
Breakingviews – Corona Capital: Ford in Brazil, VW, Payments boom – Reuters
Breakingviews – Corona Capital: Ford in Brazil, VW, Payments boom ReutersBreakingviews – Corona Capital: Ford in Brazil, VW, Payments boom Reuters
IRS gets more relief payments out after delays – Seattle Times
IRS gets more relief payments out after delays Seattle TimesIRS gets more relief payments out after delays Seattle Times
China won the trade war
A year ago, Tyler Cowen claimed that President Trump won round one of the trade war with China:
I’m not entirely convinced we won even the first round of the trade war, although the claim might be true. The stated goal of President Trump and his advisers was to reduce the US trade deficit with China. A secondary goal may have been to slow the growth of China’s economy. A third goal might have been to weaken the position of Xi Jinping, who has been moving China in a more repressive and nationalistic direction.
Today, we know that the US failed spectacularly on all three counts. Indeed the last year has been an unmitigated disaster for Trump administration protectionists. Today’s Bloomberg has an article arguing (correctly) that China ended up winning the trade war:
The trade deficit has risen to record levels in 2020:
The goal of slowing the rise of the Chinese economy has also failed. The Chinese economy (in dollar terms) is now expected to overtake the US in 2028, five years earlier than estimated just a year ago. (In PPP terms they overtook us years ago.)
And the prestige of Xi Jinping has risen dramatically relative to the prestige of President Trump, even before the recent fiasco on Capitol Hill. In China there’s a widespread view that our botched handling of Covid-19 shows the superiority of an authoritarian system, at least on questions of public health. (That’s not my view, as Taiwan did better than China.) The prestige of America has never been lower.
Here’s what Tyler said a year ago:
A third set of possible benefits relates to the internal power dynamics in the Chinese Communist Party. For all the talk of his growing power, Chinese President Xi Jinping has not been having a good year. The situation in Hong Kong remains volatile, the election in Taiwan did not go the way the Chinese leadership had hoped, and now the trade war with America has ended, or perhaps more accurately paused, in ways that could limit China’s future expansion and international leverage. This trade deal takes Xi down a notch, not only because it imposes a lot of requirements on China, such as buying American goods, but because it shows China is susceptible to foreign threats. . . .
It is too soon to judge the current trade deal a success from an American point of view. Nevertheless, its potential benefits remain underappreciated, and there is a good chance they will pay off.
It’s no longer too soon to judge. Perhaps without Covid-19 the outcome would have been more favorable to the US, but as of today the trade war looks like an own goal for the US. The correct policy would have been to join the TPP back in 2017. And increase high skilled immigration from China (including Hong Kong.) Let’s hope the Biden Administration learns the right lessons.
(0 COMMENTS)
Third-Party Administrator Claims Processing Procedures – The National Law Review
Third-Party Administrator Claims Processing Procedures The National Law ReviewThird-Party Administrator Claims Processing Procedures The National Law Review
FinTech TradeCore selects Tribe Payments as its issuer processor – IBS Intelligence
FinTech TradeCore selects Tribe Payments as its issuer processor IBS IntelligenceFinTech TradeCore selects Tribe Payments as its issuer processor IBS Intelligence