So nice of the pope to die on a Monday so that the megathread topic writes itself

Did the Resistance retaliate yet?

Nah still cookin

Has anyone here watched the show Derry Girls set in Ireland during the Troubles? It ended with

Sharing a @[email protected] post from Lemmygrad since I think it fits here too:

The Federal Reserve is now saying that the US shot itself in the foot with its export controls on China, as illustrated by Intel's recent staff layoffs.

Abstract

Amid the current U.S.-China technological race, the U.S. has imposed export controls to deny China access to strategic technologies. We document that these measures prompted a broad-based decoupling of U.S. and Chinese supply chains. Once their Chinese customers are subject to export controls, U.S. suppliers are more likely to terminate relations with Chinese customers, including those not targeted by export controls. However, we find no evidence of reshoring or friend-shoring. As a result of these disruptions, affected suppliers have negative abnormal stock returns, wiping out $130 billion in market capitalization, and experience a drop in bank lending, profitability, and employment.

Jumping down to the summary:

5. Conclusion

By forbidding U.S. firms to export to a selected list of Chinese firms for national security reasons, export controls aim to generate a selective decoupling of U.S. firms from China. We indeed show that they prompt a supply chain reconfiguration away from Chinese customers, both those targeted by export controls and those that are not. This broad-based decoupling of U.S. firms from China is not offset by the creation of new supply chain relations in other countries. Indeed, the total number of customers declines, potentially inflicting collateral damage upon the same U.S. firms whose technology export controls are trying to protect.

We indeed find that export controls impose significant collateral damage on the affected U.S. firms.

"We InDeEd FiNd" this phrasing pisses me off for no rational reason

We estimate a negative cumulative abnormal return of 2.5% and a decline in revenues and profitability following the introduction of Chinese customers in the export control lists. These costs ought to be weighed against the expected benefits of such measures.

Moreover, the benefits of U.S. export controls, namely denying China access to advanced technology, may be limited as a result of Chinese strategic behavior. Indeed, there is evidence that, following U.S. export controls, China has boosted domestic innovation and self-reliance, and increased purchases from non-U.S. firms that produce similar technology to the U.S.-made ones subject to export controls. We lack a comprehensive framework to assess the optimality of these geopolitical tools.

What no theory does to a mf

If national security is a public good, are these export controls a way to make firms internalize their negative externalities? Is it actually beneficial to penalize the same domestic firms that produce cutting-edge technologies? Some may argue that if the government forbids U.S. firms from exporting to certain foreign customers, it should indemnify those U.S. firms. This could be achieved by boosting domestic demand for the restricted goods, in what may look like an industrial plan to reshore or friend-shore high-tech supply chains.

China could be your friend shore if you could act normal.

In addition, export controls imposed by a single country, the U.S., may not have the desired effect since Chinese firms can potentially buy similar goods from non-U.S. firms. The benefits of U.S. export controls may also be diminished if they trigger an increase in domestic Chinese innovation or in IP theft.

Who could have guessed?

More research, both theoretical and empirical, is needed to better understand the costs and benefits of using economic linkages in the geopolitical arena.

studentsforpalestinefinland
URGENT! COME SUPPORT OUR ENCAMPMENT TOMORROW
The University of Helsinki is planning to evict us tomorrow under the pretext of a greenwashing conference. They have given us until noon to leave.
Join us at 10.00 at the encampment for a briefing on how the demonstration will proceed and to show your support for Palestine and the global student movement!

Ursula von der Leyen getting harassed by anti-genocide protestors in Helsinki market square

https://streamable.com/ss72wo
https://streamable.com/i59yv6

No end to the genocide, no right to speak

Live stream and a news article for this one.

Protesters demanded Yle [Finnish state media] withdraw from the Eurovision Song Contest at Yle broadcasting in Helsinki

Demonstrators in the lobby of Ylen Mediatalo. Photo: Petteri Sopanen / Yle

On Saturday morning, a group of protesters arrived at Yle's Helsinki office to demand that Yle withdraw from Eurovision because Israel is participating in the competition.

Israel's participation has attracted strong criticism , as Israel is waging a war in the Palestinian territory of Gaza.

In the press release, the protesters say that Israel will get a platform to polish its own image in Eurovision.

Oh you "hate" genocide? Explain the last 3,000 years of west asian history

University of Helsinki students occupied a building in support of Palestine. The university denied the request to use the space for the protest (unlike other protests this year) and so they called the cops. Pig walks in to a crowd of booing like

amid chants of "University, you can't hide, you're supporting genocide!"

Hello, I would like to file a complaint about a tweet endorsing genocide by Professor Seth Crosby in your Department of Genetics. I will quote the tweet here in case it is deleted.

Another user wrote, "Israel is engaged in the ethnic cleansing of Palestinians." To which Prof. Crosby replied, "It is a much needed cleansing, yes, but not an ethnic one. Israel is not targeting humans."

This message is absolutely inappropriate and dehumanizes Palestinian civilians who are dying in the thousands in Gaza. As Prof. Crosby is a representative of Washington University, this reflects very poorly on the university. It does not help that the professor of GENETICS also supports genocide.

As an American citizen I am ashamed to see this kind of rhetoric. Please consider whether disciplinary action is needed.

Thank you, Concerned American

To be clear, you don't have to be an American citizen to claim it. Just use a VPN in the US.

That's some massively depraved shit

How is it possible that such a primitive people can reach such technical objectives in such a short period of time?

The secret ingredient is communism