Showing posts from January, 2019

“Australia, New Zealand academics avoid China after Yang Hengjun arrest” | SCMP

I don't know my compatriot Yang Hengjun, but I do know most of the China experts mentioned in this article: Antonia Finnane, John Fitzgerald, Anne McLaren, and others. These academics are now nervous about visiting China in case they're arbitrarily arrested. That's the first time in my forty years in China that people studying China, who have spent their lives learning about the country, its language, its culture and its people, are nervous about visiting China. This is crazy.  Should I be nervous about visiting China, as I do regularly from my eyre here in Hong Kong? Should I worry that as a critic of China on this blog, and ex diplomat, I might be banged up?   I dunno, but I'm wondering.  I'm now thankful that I've kept my blog low key and with few followers …(heh). ******** Australia, New Zealand academics avoid China after Yang Hengjun arrest

“Huawei a victim of American subterfuge” | SCMP

LETTER TO SOUTH CHINA MORNING POST: How lucky we are to have a mind reader at the Post, to explain to us America's "tactics and intentions". If we didn't have Alex Lo's supernatural powers to reveal that America's pursuit of Huawei is "obviously politically motivated", we might be tempted to think the company had been thieving technology and cheating on sanctions. ("Huawei a victim of American subterfuge",  30 January). We might mistakenly think that Huawei had stolen its first router design from CISCO, right down to copying its typos. Or that it had filched the design and an arm of a high-end robot from T- Mobile. Or that Huawei employees are given bonuses for purloining trade secrets.  We might be inclined to believe that Huawei has a well-documented history of lying to banks, of setting up bogus shell companies to circumvent international sanctions.   But thank goodness for mind-reader Lo, who assures us that all these charges should be…

“How a Billionaire Spends His Money Is His Own Business” | WSJ

Something that AOC, Bernie, Pocahontas don't  know, or have forgotten or ignore: wealth creation (capitalism) creates jobs. Socialism destroys them.  I suspect it's a combination of "don't know" and "ignore". If they have glimmers that maybe socialism might not be the best of all systems, they push them out of their minds because they just want it to work. It's so fair! And equitable! How Ken Grif­fin and other wealthy peo­ple spend money is their busi­ness. But the left's de­ter­mi­na­tion to con­fiscate more of those dol­lars to redistrib­ute to peo­ple they deem wor­thier con­cerns every­one. In a free-mar­ket sys­tem, so­ciety's most pro­duc­tive mem­bers tend to fa­cil­itate upward mo­bil­ity for all of us, not just for them­selves. And not only through their phil­an­thropy. Oil re­fin­ing made the Rock­e­fellers rich, but in the process, they made oil prod­ucts much cheaper and thus more widely avail­able to the poor. Prior to Stan­da…

Is­rael Is Pow­er­ful. That Doesn’t Make it Wrong

What a good letter from a Stanford undergrad:
Israel Is Pow­er­ful. That Doesn't Make it Wrong
Why do my peers op­pose Is­rael? Not be­cause col­lege students are anti-Sem­itic, but be­cause most hold one truth to be self-ev­i­dent: Powerlessness  im­plies moral le­git­imacy. The Is­raelis are pow­er­ful; the Palestinians are not. As such, the Is­raeli-Pales­tin­ian con­flict is merely a strug­gle be­tween victim and op­pres­sor, and no­body wants to support the oppressor.
Ac­cord­ingly, cam­pus pro-Is­rael groups of­ten try to por­tray Is­rael as a victim, too—a vic­tim of in­ternational bias and un­pro­voked ag­gression from its Arab neigh­bors. This strategy, how­ever, has failed. It will con­tinue to fail be­cause even though Is­rael may be un­der threat, it isn't pow­er­less. Is­rael's army is strong and its tech­nol­ogy is ad­vanced. But power doesn't au­to­mat­i­cally im­ply moral turpi­tude; and con­versely, pow­er­lessness does not guar­antee good­ness. In oth…

“Hong Kong home prices will rise 5-7 per cent” | JP Morgan

Well I gotta admit Citibank got it right in July last year when they predicted a price drop in Hong Kong home prices for the second half of 2018.  At the time I mocked them for "spurious accuracy" and I was right about that. Citibank predicted precisely a drop of 7% for the second half of 2018.  It came in at a fallof 15%, more than double their precise prediction. Why don't people learn simple rules of estimates:  Give a direction and a range. That's the best you can do.  The link below has an interactive chart for Rent and Sale prices for various districts in Hong Kong. That chart shows how the movements in rents are much smoother than sale price movements. That's one of the reasons property is such a good investment. You can count on steady, consistent cash flow.  For first time buyers in Hong Kong the JP Morgan predictions — 5-7% up in 2019 — means more pain, especially if the estimate error is the same as Citibank's was.  For us, we were lucky, having bo…

Neomi Rao Gets Kavanaughed - The Wall Street Journal.

Oh boy! A good woman got at, for stuff she wrote at college. Which even then was quite sane and sensible.
This is almost too depressing for words …
Neomi Rao Gets Kavanaughed

“Nicholas Kristof Must Have Visited A Very Different Cuba” | Daily Wire | Mitsotakis

I'd read the Nicholas Kristof article in the New York Times the other day and had wondered about his positive take on healthcare in Cuba. I'd heard some pretty dire stories about Cuban Medicare, pace the usually glowing reports on the Left. I mean, the Left is still in thrall to that horrid mass murdering tyrant, Che Guevara - he does look very sexy - so why would they report reliably about a system run under their beloved socialism. So I'd kind of doubted Kristof. (Not for the first time. In the infamous Sam Harris, Ben Affleck episode on Bill Maher's show, Kristof had disappointedly taken Afflek's mistaken side).  Anyway, here's a report on Cuban healthcare. I must say this Mitsotakis report strikes me as way more likely to be on the money. In short, Cuban health is in a mess. Like the rest of its economy.  By the way, the mention in the article of dual Cuban currencies and ration books takes me back to China in the seventies and eighties. I held dual currencie…

Kamala Harris is African American?? No way, Hoe-zay!

Race is terribly important to Democrats. Until it isn't.  Everything has to be diverse, has to  include all races, has to accept all genders. Our "lived experience as a [xx] person" defines who we are.  Until it doesn't.  Take pres-candidate Kamala Harris.  She is part Indian: her mother was born in India.  But all of a sudden the Dems are selling Harris as African American!  Presumably because the African American community votes 90% Democrat.  Surely this can't stand?  I'd much rather the Martin Luther King formulation. That we judge people by the content of their character not by the colour of their skin.  But it's the Left that's made the colour of your skin the definition of who you are. It's Dems wot dunnit. So it's fair game to call them out in this.  That being so, get this: Kamala Harris is Indian-American.She is not African-American.  The "lived experience" of the two groups are very different. Kamala would have no more id…

America Lost Vietnam but Saved Southeast Asia - The Wall Street Journal.

Hi John,
Reference our recent discussion on Vietnam and whether it might have been won by the US. I
Since my youthful participation in anti-VN war rallies I've come to think that the war was not as crazy as we - at our demos - claimed it was at the time. Worry about communist control of Asia was real and soundly-based. Communism didn't work out too well for Laos, Vietnam, Cambodia.
As to whether the war could have been won by the US, this article is interesting. The North Vietnamese thought it could have.
The article argues that, in any case, US involvement in Vietnam had other benefits in the region. Unless one thinks a communist Asia would have been good.…

It is widely be­lieved that the Viet­nam War was un­winnable. But a 2004 His­tory Chanel doc­u­men­tary fea­tured in­ter­views with knowl-edge­able North Vietnamese who thought oth­er­wise. They said U.S. and South Vietnamese ground troops could have ef­fec­tively blocked the Ho Chi Minh Trail in east­ern Laos, den…

Another California Tax Grab | WSJ

Over years I've read a lot about the woes of California, home of the hippy movement but now ruined by socialism. Because that's what socialism does. It ruins economies in direct proportion to the extent to which it is implemented.  In the case of California, that's more and more. And so we see more and more homelessness. House prices up. Harder to make ends meet here than in any other state of the union. The whole dreary panoply.  Read on … Another California Tax Grab

“Given chronic land shortage, it makes sense to use golf course in Fanling for public housing” | SCMP | Letters

LETTER TO SOUTH CHINA MORNING POST: I must weigh in on the Fanling golf course debate. I am not a member of the Fanling Club, nor am I a golfer. However, I am a long-term resident of Hong Kong; I care about our public assets of which the Fanling green belt is an ancient and valued part. If it were destroyed for housing it would provide so few dwellings that I doubt it would be even a decimal point rounding error in our needs. Yet a green asset gone forever.  I agree with one of your earlier correspondents who said that to destroy Fanling is an act of "vandalism”.  It would also be an act by philistines.  Covering Fanling in concrete would be the act of a government smugly indifferent to our cultural heritage.  Reader Arun Garg quotes the closure of golf courses in the United States in support of his contention that destroying Fanling "makes sense"  ("Given chronic land shortage, it makes sense to use golf course in Fanling for public housing", January 28).  Bu…

Indigenous double standards in the era of #MeToo

Following on from my post about cultural gravity, here is Jacinta Price (Nampijimpa) an indigenous spokesperson, on the victim culture in her community. Which she says has to be ditched.

Left-Wing Politics and the Decline of Sociology | WSJ | Or: Cultural Gravity vs Hot Air Balloons

Below is another example of what Scott Adams has called "cultural gravity".  That is, the weight — the gravity — of cultural mores dragging down some groups of people. He was thinking in particular of American blacks. (A better term, by the way, than "African-American",  because not all American blacks trace back to Africa).
When black students jeer a black classmate who is a prize-winner at the school's graduation ceremony, that's cultural gravity. When blacks call a successful peer an "Oreo" - black on the outside white on the inside - that's cultural gravity. When blacks mock their mates for "talking white", that's cultural gravity. Cultural gravity arises from allowing your victimhood, your hatred for past injustices, to trump your prospects today. In fact, to trump your best interests.
The clip below notes that black kids in white schools do better than black kids in black schools. That's because (me speaking now) instea…

“There’s Nothing Wrong With Open Borders” | NYT

Oh, yes there is!
Just to take note of this article for the following reason: Republicans often criticise Democrats for being in favour of Open Borders. And indeed the leadership on the Left in the party (AOC, Pocahontas, the Bern) certainly does seem in thrall to the idea.  But as the 1,700+ commenters here at the Times — with a left of centre readership — are strongly against the idea. Strongly.  The article starts off describing what's become known as the Overton Window, the expanding (actually shifting) bounds of acceptable discourse. I say "shifting" not "expanding" because quite a few things are now out of bounds to talk about. See: gender/ sex, Islam (criticism of), black racism (criticism of), LGBTQ+ (criticism of).  Snip: The internet expands the bounds of acceptable discourse, so ideas considered out of bounds not long ago now rocket toward widespread acceptability. See: cannabis legalization, government-run health care, white nationalism and, of cour…

"The Malign Incompetence of the British Ruling Class" | NYT

Here's an article, much admired(*), which I also admired at first reading, then found, on successive readings, a polemic and then a farrago of ad hominem, which is where I left it.
In short: Pankaj Mishra hates Lord Mountbatten, therefore: England and British colonialism, BAD….
It's not that simple, as I sit here in Hong Kong, one of the nicer outcomes of British colonialism, a fact agreed to by pretty much all the local Chinese living here, those who took refuge from the evils of communism and were free to make fortunes in the safety of this colony. Not to mention other pretty good outcomes: Singapore, Malaysia, Australia, New Zealand and..... drum roll.... the United States!  Oh, even India, pace Mishra.  Many many there have warm feelings for the Raj.  And as many, even in the sympathetic comments on the article, have noted that the killings of Muslims and Hindus was a Muslim and Hindu thing.  Otherwise, we're to assume they don't have agency.
I extracted the ad ho…


From here
And why it's safe to like this, even if you're a leftie!

Nuclear Power Regulators Scale Back Draft Safety Rule | WSJ

This is good news. Not Trump being a climate vandal, again... grrrr.... but some sanity in the area of nuclear safety.
It was the Greens back in the seventies who pushed nuclear safety requirements to ludicrous levels. To the extent that nuclear power stations had to be orders of magnitude safer than any other energies and orders of magnitude more than they had been till then. All because of a few accidents, counted on the fingers of one hand, and which killed just dozens — not thousands, let alone millions — of people. And all because of scare mongering. Meantime Coal kills vastly more per year. Even solar and wind do.
As the Swedish scientists said recently in an article I posted:  "if people say nuclear power is unsafe, we have to ask: in comparison to what?"  Because relative to other producers of electricity, nuclear is the safest. Not just safe, but the safest.
Still, the result of the Greens' efforts at over regulation, was that nuclear became too expensive. &quo…

“Would you rather be Meng in Canada or a Canadian held in China?” | My letter to SCMP

My letter was run in full in today's South China Morning Post.  As long as the Post keeps running letters like this, critical of China, my heart is at ease about freedom of speech in Hong Kong.  Well, somewhat at ease. It may be, of course, that our dear motherland sees an English language daily as no threat all so... let those silly gweilos play in their little sandpit if they must.  Whatever, it's a good relief valve, at least for we gweilos and the Chinese English-speaking readers — which I believe is the majority of the Post's readership. That's to say, English-lliterate ethnic Chinese in Hong Kong and elsewhere in the region like Singapore and Malaysia.  ******** Would you rather be Meng in Canada or a Canadian held in China?
[Text below the line]

E.U. Plan was always to *punish* the U.K.. To *force* it to Remain

An insider's insight. The clear EU plan was and remains to punish the U.K. and to try to force it to stay in the Union because the pain of leaving is too great. Daniel Hannan on the perfidious EU. And it's looming success in their nasty aims.  You want a one-sentence explanation for the chaos in our politics, the breakdown of our party system, the shenanigans at Westminster? OK, here it is. It's important, so I'll put it in the original French first.
"J'aurais réussi ma mission si, à la fin, le deal est tellement dur pour les Britanniques qu'ils préféront rester dans l'Union."In English: "I'll have done my job if, in the end, the deal is so tough on the British that they'd prefer to stay in the EU".

"Sabrina Meng Wanzhou case exposes the worst of East and West" | SCMP | Alex LO

LETTER TO SOUTH CHINA MORNING POST I'm kind of sick of the incessant "whataboutery" in these pages.  Examples: China may steal technology, sure, but whatbout the US? Yes, China may unfairly subsidise its exports, but whatbout Europe? OK, China may improperly hinder imports, but whatabout Japan? [per your David Dodwell or Robert Delaney on any given day].
Alex Lo today: yes, China may jail random expat Canadians, "but what about the US?" Which, according to Lo, is wielding the "so-called" rule of law to arrest Huawei's Meng Wanzhou.
I encourage Lo to do a thought experiment: where would he prefer to be jailed, China or the US? Would he rather criticise Xi Jinping on Beijing's Wanfujing or harangue Trump on New York's Broadway? Try it. And find out just how "so-called" the US legal system is. China jails people arbitrarily, but "whatabout the US" doesn't cut it. There's no equivalence in the law and there's no…

Oxfam Overreach. ABC Complicity

LATER: Pinker at Quillette I just heard Helen Szoke, CEO of Oxfam Australia, on ABC Radio National.
She was talking about inequality and, given where Oxfam's coming from these days, I wasn't surprised at what she said: namely that inequality is bad and getting worse, not just in Australia but world wide.  Thing is: both of theses statements are false.  She said that in Australia 1% of the richest own the same as the bottom 70%. For the world the figures are 1% and 83%. I won't dispute those figures. They may sound bad, but are they? The accepted best measure of wealth disparity is the GINI index. It goes from 0 (best) to 100 (worst).  Australia comes in at 30 which places it at 133 — that is, better than 132 other countries. In short one of the best(= most equal) countries in the world. Moreover, it has improved in the most from 35 to 30, a 15% improvement in ten years.  As for the world, again the global GINI index has improved in recent decades, not gotten worse.  A more…

How energy guzzler Sweden has risen to the climate challenge by building nuclear power plants | SCMP

Climate Consensus people say we must “follow the science” Sure. But they don’t themselves follow the science. Take the nuclear issue. It’s the safest and most reliable form of carbon-free energy. That’s the science.
But happen a Fukushima, they panic, and Germany decides precipitately to close down its existing nuclear stations. France is planning to do the same.
It’s madness.
It’s not science. It's delusion.
Here’s a story of Sweden doing the right thing. One of the few countries in the world doing so. Wind, Solar AND nuclear.
Australia could have been there: with lowest CO2 emissions in the world. Instead we forewent it and now have the highest CO2 emissions per capita, in the world.
A couple of money shots about the book, A Bright Future, by Joshua Goldstein and Staffan Qvist.
What fires up the authors perhaps more than anything else are the safety claims targeted at nuclear power: “Radiation rarely kills anyone, but fear of radiation kills a lot of people.” In response to claim…

“Time to Break the Silence on Palestine” | NYT

Here's the money-shot from the article below.  … so, if we are to honor [Martin Luther] King's message and not merely the man, we must condemn Israel's actions: unrelenting violations of international law, continuedz occupation of the West Bank, East Jerusalem, and Gaza, home demolitions and land confiscations. We must cry out at the treatment of Palestinians at checkpoints, the routine searches of their homes and restrictions on their movements, and the severely limited access to decent housing, schools, food, hospitals and water that many of them face. Sounds fair, right. How could we object?  Well, here's why: Because it's just not the whole story.  The whole story should include the number of times Israel has offered everything the Palestinians wanted, only to be rebuffed: 1937, 1947, 1978, 2000, 2008, and the many other times in between various offers have been made. At one count some 27. What’s the point of a 28th?  And because while all the media on the Left acce…

Don’t cry for me, Allemagne

This letter to the Times, 18 January, is making a lot of good folkteary eyed. Remainers like Prof Brian Cox are overcome with emotion.…
“Rot the heart of Britain”. Really? Come now, professor! I don’t get it. I mean, I get the sadness at Brexit. I just don’t get the sadness at this rather nice letter.
After all, Europeans can still — will still be able to — have pint at an English pub. They can still pop over for a game of cricket, or milky tea and scones.
None of this changes with Brexit. Precisely nothing. To imagine it does is delusional.
Yet the good and noble, the remainers, are crying, literal tears. “What does this say about us?” (Well, nothing, really). “What have we done?” Oh we, Oh woe... oh wrack and wruin...
To repeat: nothing beloved in the letter changes. Nothing.
As one of the commenters on Prof Cox’s Tweet said: “We’re not going anywhere. We’re part of the Eurasian Plate”.
Prof Cox was recently overwrought over the Post-Brexit fate of British Universities. Again, I say…

If I robbed a bank I’d be a criminal

How the media reported the Buzzfeed story: “if true it’s impeachable”.
If it’s true that Trump told Cohen to lie to Congress >>  it’s a high crime and misdemeanour >> it's impeachable.
And, same logic: “if I’d robbed a bank I’d be a criminal”. 
Big word here: "IF".  
But the Buzzfeed reporter didn't do his fact check.  He just put it out there and the Left media ate it up.
"IF this is true, then Trump has to be impeached".
Then....Mueller’s office denied the report.
The bias, the salivating desire to take down the Orange One, is just so clear and present.

Another Rachel Dolezal affair? Hawaii congressman claims he’s “an Asian trapped in a white’s body”. « Why Evolution Is True

The link to the story is below.  In Jerry Coyne’s Why Evolution Is True.  Basically a guy said he felt he's Asian. Even though he's Caucasian. Horror! Social media piles on.  I added my comment....
Posted January 18, 2019 at 6:51 am |Permalink @Matt
"We can assume that were a caucasian raised in an Asian culture, their brain might be 'wired' similarly. Per the prevailing SWJ view, would that person not be trans-asian?" That would describe me. A trans-Asian Aussie.
I'm of Scottish stock, but born in Japan and lived most of my 69 years in Asia. I'm married to a Chinese, speak and write Chinese.
I've often said "I feel Chinese". Usually to some little amusement by Chinese as I'm 6'4", round eyes and a very long nose (a "high nose" in Chinese). My little joke – which is also true – has never been taken amiss. It's ratherbeen enjoyed. Appreciated even.
I empathise with Ed, and his critics are know-nothing scolds.
By the…

DNC Nixes Sponsorship of Women's March -- Why Now? | Clarion Project

I first came across Linda Sarsour way back in 2012.
She really is a poisonous Islamist.
Apart from the raging Jew-hate she has a record of vicious misogyny, attacking women like Ayaan Hirsi Ali, and of duplicitous support of Sharia law to be implemented, she hopes, in the US. Wonderful.
Clarion calls her out yet again.
Yet again, she remains a darling of the Left. Bernie loves her. Her critics are "islamophibic", you see.

Heather MacDonald speaks with Ben Shapiro

I first wrote about Heather a few posts back and here she is again!  She's great.

“Republicans Rebuke Steve King but Face Vexing Question: Why Not Sooner?” | NYT

How dare they? How dare they castigate the Right for criticising the whitesupremacy of Steve King, but doing so "too late" (they say), when they never, ever, never-ever criticise extremism on the Left? How very dare they?
Yes, I'm bovvered.... My comment in The Times:
At least the Reps *did* criticise. And have done so every time a republican stepped out if line. Meantime where are the criticisms of Leftist extremism? Of the horrid anti-semitism of Louis Farrakhan and Al Sharpton. Nowhere.  Louis the Jew-hater is unscathed. Rookie Congresswoman Tlaib has terrorist supporters at her swearing in. AOC dances with Al Sharpton, the repulsive anti-Semite and blatant racist.  In short, the Right cleans house. The Left lets the dirt lie; at most, sweeps it under the carpet.  In wake of House Republicans stripping Mr. King of his committee assignments, many are asking how he survived unpunished for so long.

LATER (19 Jan): according to Scott Adams, King didn’t wonder what…

Women Don’t Belong in Combat Units | The WSJ

This (below) is an interesting article from a woman who knows whereof she speaks:
Ms. Mac Don­ald is a fel­low at the Man­hattan In­sti­tute and author of "The Di­ver­sity Delu­sion: How Race and Gen­der Pan­der­ing Cor­rupt the Universify and Un­der­mine Our Cul­ture."    Women Don't Belong in Combat Units

De Blasio: New York’s Mao Tse-tung. Yes, he is!

This is a truly shocking statement from NYC Mayor Bill de Blasio. Though I'm guessing it was an applause line for his audience.
It does rather remind me of Mao's attitude to landlords. For de Blasio it's people with money who are "wrong". For Mao the landlords were "exploiters". Never mind that Mao's own parents were landlords who had earned their small plots by years of hard graft.
No, to Mao and de Blasio alike the very holding of assets is "wrong" "exploitative " and must be redistributed. By "us" of course. Us being Bill and Mao. Or AOC. All Good socialists.
Oh Lord! Save us from socialists. No matter how well meaning.  AOC is just the most recent, youngest and prettiest incarnation of this sharp tilt to the Left.
"Here's the truth. Brothers and sis­ters, there's plenty of money in the world. There's plenty of money in this city. It's just in the wrong hands."
—New York City Mayor Bi…

The Arguments against Building the Border Wall | National Review

This one clip, from Douglas Murray's good article, tells it all:
Representative Eric Swalwell, for instance, claims that walls themselves — bricks, mortar, the lot — are "medieval." They are also, he says,"a symbol of 'us and not us.' And that is not U.S." Out of 7.3 billion people in the world about 7 billion are not "us".  That is, they are not US citizens. The United States cannot allow every one of the "non us" to come to the US, simply because they want to. That would lead to the destruction of the very US to which they are seeking to emigrate. Read it all….

“The Remoralization of the Market” | NYT

This is a good article by David Brooks.
It reminds me of something I read recently about the reasons for flat real wages in the US since about 1980. The answer?  Monopsonist tech companies.  Monopsony = monopoly on the buy side. These companies are monopoly buyers of workers. While the few at the top, the gun coders and so, get richly rewarded, the majority are paid what the monopsony buyers decide. And they've stiffed workers. So the studies say.  And isn't that ironic? Well, kind of, but more: it’s hypocritical, because the leaders of these same tech companies are — or say they are — the vanguards of leftist Social Justice.  I agree with Brooks. We need to think about more than just money. And I say that as an Apple shareholder, which Brooks eviscerates. Yes, I'm shamed for Apple. And for Facebook. And for Google. Shame on all their houses.  It has to start with shareholders themselves having more of a social conscience and demanding that the companies they invest in co…

“How China hopes to lead way in next-generation nuclear power” | SCMP

This is good news, especially given the importance of nuclear energy supported even by super-smart liberal folks like Bill Gates.  China is pushing ahead with Generation IV nuclear power technology, cheaper and safer than what we have now.  It's a great pity that Australia gave up its nuclear ambitions, under alarmist pressure from the Greens. We're happy to export uranium, but not to use it ourselves, which has always struck me as hypocritical, at least.  So it's a pity that Australia is not even taking part in the Generation IV International Forum. We could be doing that with no commitment if only we had some base knowledge of nuclear technology.  /snip China is pushing ahead with ambitious plans for its nuclear industry, including developing cleaner and safer next-generation technology. A particular focus is a plan to develop the world's first large-scale thorium-powered, molten-salt reactors – which could generate less radioactive waste and help reduce the reliance …

“Why the Fed Should Heed the Market” |The Wall Street Journal.

If true, and it seems to be, this bodes I’ll for growth this year.
More than any other in­di­ca­tor, the Fed should be pay­ing close at­ten­tion to the stock mar­ket—not to ma­nip­ulate it, but be­cause mar­ket in­dexes are among the best pre­dictors of growth and em­ploy­ment. Fluc­tu­ations in mar­ket capitalization also af­fect con­sump­tion, shap­ing the path of gross do­mestic product. But the Fed's fore­cast of 2.3% growth this year despite sput­ter­ing U.S. stocks sug­gests it might not be giv­ing suf­fi­cient weight to the mar­ket's predictive value. The key to the markets' pre­dic­tive power is their clear and sta­ble re­la­tion­ship to growth. Data from the past four decades show that a 10% de­crease in the S&P 500 over a pe­riod of ei­ther three or six months is as­so­ci­ated with a de­crease of about 0.5 per­cent­age point in the fol­low­ing year's GDP growth. 
Why the Fed Should Heed the Market