Forbes (May 19)
“The Biden administration said this week the U.S will quadruple tariffs on Chinese EVs in a move aimed at protecting American workers and businesses from unfair Chinese trade practices.” Some think this will provide a lifeline, but at least one auto industry executive believes “the increase won’t help the long-term staying power of the industry or its jobs.” Instead, the “capitulation to the status quo” will “condemn” the U.S. auto industry “to a slow but certain death” as the rest of the industry moves “toward technology that doesn’t rely on oil.”
Tags: Auto industry, Biden, Businesses, Capitulation, China, EVs, Lifeline, Protecting, Status quo, Staying power, Tariffs, Technology, Trade practices, U.S., Unfair, Workers
Wall Street Journal (October 11)
The misleading “story you hear in Brussels, Berlin and Frankfurt” is that “Greece’s fiscal adjustment is on track and its economy is bottoming out.…. Europe’s politicians prefer the status quo of eternal, rolling bailouts because it serves their purposes. They never have to present their taxpayers with a bill for the Greek rescue. And while Greece’s economy never really recovers, it might avoid any new crisis.” The time has come for more realistic reckoning.
Tags: Bailouts, Crisis, Economy, Europe, Greece, Greek rescue, Politicians, Recovery, Status quo, Taxpayers
