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Archive for 28. August 2018

Rift Between Trump and McCain Reflects Split Within GOP

Posted by hkarner - 28. August 2018

Date: 27-08-2018
Source: The Wall Street Journal

Trump’s ‘America First’ message prevailed over McCain’s internationalist bent

The tension between Sen. John McCain who died Saturday at 81, and President Donald Trump has come to symbolize, in many ways, a divide within the GOP.

When President Trump was heading to West Virginia to give a speech to the Boy Scouts last summer, aides came to him with an idea: Make a side trip to Arizona to visit Republican Sen. John McCain, who had just been diagnosed with brain cancer, a person familiar with the matter said.

Mr. Trump said no. He told them he and Mr. McCain plainly didn’t like one another and it would seem “phony” and hypocritical for him to make the trip, the person said.

The tension between the two men has come to symbolize, in many ways, a divide within the GOP between traditional Republicans like Mr. McCain and the “America First” insurgency of President Trump.

As the GOP presidential nominee in 2008, Mr. McCain spoke for an internationalist wing of the party that sees overseas alliances and troop commitments as a stabilizing force in the world. Mr. Trump leads a nationalist movement more skeptical of U.S. intervention abroad.

For now, the Trump wing appears ascendant, while traditional Republicans are in retreat. A Wall Street Journal-NBC News survey last month showed that nearly nine out of 10 Republican voters support the president, numbers surpassed in recent history only by George W. Bush after the September 11 terrorist attacks. Den Rest des Beitrags lesen »

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The Chip That Changed the World

Posted by hkarner - 28. August 2018

Date: 27-08-2018
Source: The Wall Street Journal By Andy Kessler

Jack Kilby built the first integrated circuit 60 years ago. We need a new Moore’s Law.

Sixty years. But how much longer? In 1958 Jack St. Clair Kilby —from Great Bend, Kan.—created one of the greatest inventions, a great bend, in the history of mankind. Kilby recently had started at Texas Instruments as an electrical engineer. Most everyone left on a mandated summer break, but he stayed in the lab and worked on combining a transistor, capacitor and three resistors on a single piece of germanium. On Sept. 12, he showed his boss his integrated circuit. At a half-inch long and not very wide, it had ugly wires sticking out, resembling an upside-down cockroach glued to a glass slide.

In January 1959 Bob Noyce, another Midwesterner, was keeping busy at Fairchild Semiconductor in Palo Alto, Calif. He deployed a photographic printing technique—the planar process, which uses glass as insulation—to deposit aluminum wires above silicon transistors. Without the messy cockroach-leg wires, the integrated circuit, or chip, became manufacturable. Den Rest des Beitrags lesen »

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A Tragedy for Turkey and the US

Posted by hkarner - 28. August 2018

Anne O. Krueger

Anne O. Krueger, a former World Bank chief economist and former first deputy managing director of the International Monetary Fund, is Senior Research Professor of International Economics at the School of Advanced International Studies, Johns Hopkins University, and Senior Fellow at the Center for International Development, Stanford University.

After years of unsustainable growth driven by loose fiscal and monetary policies and foreign borrowing, Turkey is finally facing an economic reckoning. But with the Trump administration doubling tariffs on Turkish steel and aluminum, the prospects for reform have shrunk substantially.

WASHINGTON, DC – Among the many casualties of US President Donald Trump’s trade-policy misadventures, Turkey may be the saddest case to date. Until a few years ago, Turkey was an economic and geopolitical success story – one in which the United States could proudly claim to have played a key role. Though there were occasional bilateral disputes, Turkey remained a reliable ally for many decades.

But all that began to change in recent years. This summer, the Turkish economy started imploding under the weight of overly loose monetary and fiscal policies. Then, the US responded to the Turkish government’s failure to release an imprisoned American pastor by “punishing” the country with trade barriers and targeted sanctions. Trump announced that he was doubling US import tariffs on Turkish aluminum and steel, to 20% and 50%, respectively. Den Rest des Beitrags lesen »

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Europe’s Dog Days of Summer

Posted by hkarner - 28. August 2018

Ana Palacio, a former Spanish foreign minister and former Senior Vice President of the World Bank, is a member of the Spanish Council of State, a visiting lecturer at Georgetown University, and a member of the World Economic Forum’s Global Agenda Council on the United States.

Addressing the challenges Europe faces will demand the sustained implementation of smart, forward-looking policies, carried out by the EU’s core institutions. Yet, following a five-year period of unprecedented political fragmentation in the EU, the outlook for the functionality of these institutions appears grim.

MADRID – August is always a good time for taking stock. Between the rush of summer activity and the beginning of the new “school year,” this month’s lull offers a moment for reflection on where matters in Europe stand – and where they are headed. The European Union, and its headquarters in Brussels, is no exception, particularly ahead of a year of transitions. But amid speculation over the coming challenges and changes, the one new appointment that could make or break the EU over the next five years, that of the European Council president, has been completely overlooked.

Europe’s attention has been trained on three issues that pose a clear and imminent threat: Brexit, migration, and rising nationalism, which in countries like Poland is fueling growing resistance to the EU and the rule of law. How these issues are handled will affect the future and functionality of the EU. This is particularly true for Brexit, which – despite the gloom and doom hovering over the negotiations – seems likely to result in the two sides buying time with a transitional agreement that will create space for a permanent arrangement. Den Rest des Beitrags lesen »

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‘It Is the Era of Trump’: How the President Is Remaking the Republican Party

Posted by hkarner - 28. August 2018

Source: The Wall Street Journal

President Trump’s critics are leaving the scene, and his successful primary endorsements are bringing in a new crowd

JACKSONVILLE, Fla.—For months after Republican Adam Putnam entered the Florida gubernatorial race, he seemed almost unbeatable. He had a record of government experience and political success, a trove of endorsements, robust fundraising and a solid lead in most polls over his principal rival, GOP Rep. Ron DeSantis.

Then Mr. DeSantis, a vocal defender of President Trump, picked up the president’s endorsement in June, touted it in a new ad, and appeared with Mr. Trump at a campaign rally in Tampa. Mr. DeSantis shot to the lead in the polls.

“The fallout from the president’s visit to Florida was one of the most incredible things I’ve ever seen,” said Mr. Putnam, the state agriculture commissioner, who has worked ever since to catch up in advance of Florida’s Aug. 28 primary election.

After more than two decades of tension within the GOP between a restive base and its traditional establishment, Trumpism, the archetypal grass-roots movement, is winning. Den Rest des Beitrags lesen »

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Internet-Unternehmer im Interview: Deutschland hat „die erste digitale Revolution eher verschlafen“

Posted by hkarner - 28. August 2018

Anfang 2019 werden die 5G-Frequenzen versteigert. Die beiden Unternehmer fordern im Interview bessere politische Rahmenbedingungen beim Netzausbau.

26.08.2018 Update: 26.08.2018 – 14:51 Uhr , Handelsblatt.com
Düsseldorf- Sie sind die vielleicht erfolgreichsten Internet-Unternehmer der Republik: Ralph Dommermuth (1&1, web.de, GMX) und Oliver Samwer, Gründer und Chef der Online-Schmiede Rocket Internet. Beide haben – neben dem Erfolg ihrer eigenen Geschäfte – ein Ziel: dass Deutschland im Kampf um die digitale Zukunft aufholt. Derzeit würden weltweit „die Weichen gestellt“, mahnt Samwer im Gespräch mit dem Handelsblatt, es werde „wirklich brenzlig“.

Dommermuth warnt: „Am Ende steht die Frage: Wollen wir noch Produzenten von Technologie und Plattformen sein, oder reicht uns die Rolle als Anwender und Kunde? Letzteres ist eine Weile komfortabel, würde aber auch das Ende des Wirtschaftsstandortes Deutschland einläuten.“

Grund ihres Appells: In diesen Tagen legt die Bundesnetzagentur die Regeln fest, nach denen 2019 die 5G-Frequenzen versteigert werden, die das Internet der Dinge und andere Technologien überhaupt erst möglich machen sollen. Dommermuth fühlt sich von der Politik und den Netzbetreibern Deutsche Telekom, Vodafone und Telefónica ausgebootet, weil er mit dem Gedanken spielt, ein eigenes, viertes Mobilfunknetz aufzubauen. Den Rest des Beitrags lesen »

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