How China Infiltrates Taiwan’s Tech Sector to Advance Its Own Industries

In the early 2000s, China adopted an economic development model based on low-wage manufacturing that has led to the perception of poor-quality goods with the “Made In China” label. In recent years, Beijing is making changes: to bolster the competitiveness of its domestic companies and to catch up with high-tech development in the West.

One area that Beijing is keen on improving is semiconductor manufacturing. Semiconductor chips power nearly all electronic devices, from computers, smartphones, to ballistic missiles. read more

Strip Club Rents Doral, Setting the Stage For Another Fahrenthold Hit Job

The Washington Post’s David Fahrenthold won a Pulitzer Prize in 2017 for his election-year coverage of the Trump Foundation and the president’s efforts to hand off control of his empire to his children while he serves.

His recent stories have included “7 questions about Trump’s use of undocumented workers at his golf courses,” “Trump to stay at Doonbeg, his money-losing course threatened by climate change,” “A wealthy Iraqi sheik who urges a hard-line U.S. approach to Iran spent 26 nights at Trump’s D.C. hotel,” and “When Trump visits his clubs, government agencies and Republicans pay to be where he is.” read more

BET Founder: Democratic Party Has Moved ‘Too Far’

Black Entertainment Television (BET) founder Bob Johnson, a 2016 Hillary Clinton supporter, told CNBC he believes that the Democratic party has moved “too far to the left,” and Johnson praised President Trump’s handling of the economy to particularly benefit African-Americans.

BET is one of the most influential media networks within the African-American community, which Republicans have traditionally struggled with.

“The [Democratic] party in my opinion, for me personally, has moved too far to the left,” Johnson told CNBC. “And for that reason, I don’t have a particular candidate (I’m supporting) in the party at this time,” he said. “I think at the end of the day, if a Democrat is going to beat Trump, then that person, he or she, will have to move to the center and you can’t wait too long to do that.” read more

Poll: Americans Agree With Trump on Census Citizenship Question

By a margin of 53 percent to 32 percent, Americans agree with President Donald Trump that the upcoming 2020 census should ask a citizenship question, according to a new poll by the Economist magazine created in partnership with YouGov. Since 1790, a citizenship question has been included in 10 of the 23 census questionnaires

The Economist survey asked: “Do you think the federal government should or should not ask people whether they are American citizens as part of the 2020 census?”

The respondents: read more

Nobody Rings A Bell

Authored by Sven Henrich via NorthmanTrader.com,

It may be a good time to remind everyone of an old market adage: Nobody will ring a bell when market cycles end. There won’t be a grand announcement that a top is in. There won’t be a massive reversal that will make it clear to everyone that a major top is in, a top for years to come. Wall Street won’t announce it, nor will the Fed, and any warnings will be dismissed.

Nobody can call a top in advance, tops are only clear in hindsight. Not the day after, but often only months later. read more

Done Deal: Russian S-400s Begin Arriving In Turkey

Russian and Turkish state sources confirmed Wednesday that deliveries of S-400 anti-aircraft missile systems are now underway, with parts for the advanced Russian systems already having arrived in Turkey via transport planes with a team of Russian specialists, reportedly in the eastern Anatolian city of Malatya as well as the capital of Ankara. 

Russian Presidential Spokesman Dmitry Peskov announced of the provocative transfer which has for the past year been met with condemnation by the United States – including the threat of sanctions and blockage of F-35s to Turkey – that “Deliveries of Russian S-400 complexes to Turkey are carried out as planned.” read more

“It’s Absurd” – S&P Tops 3,000 As Powell Promises Rate-Cuts Are Coming

Did The Fed jump the shark entirely with their non-data-dependent rate-cut that was so exposed today?

The most dovish rhetoric since 2017…

“It is very difficult to look at these markets and listen to Jay Powell and make any sense of it,” exclaimed CNBC’s Rick Santelli. read more

Hong Kong Media Tycoon Critical of Beijing Meets with Top US Officials, Much to China’s Ire

After Beijing lashed out at the U.S. administration for recently meeting with Hong Kong media tycoon and frequent Beijing critic Jimmy Lai, the latter fired back sarcastic comments, saying he was “honored” to be attacked by the regime.

On July 8, U.S. Vice President Mike Pence and Secretary of State Mike Pompeo met in Washington D.C. with Jimmy Lai Chee-ying, who founded Next Digital, the largest publicly-traded media company in Hong Kong. Lai’s flagship publication, Apple Daily, is one of the most widely read papers in Hong Kong and Taiwan, and is known for an editorial stance critical of Beijing. read more

Kenney’s War on Campaigns Against Alberta Oil

The foreign-funded campaign behind attempts to shut down Alberta’s oilsands has meant the loss of thousands of jobs and negative economic growth for the province, Alberta Premier Jason Kenney says.

Announcing the province’s inquiry into the Tar Sands Campaign, Kenny referenced research by Canadian investigator Vivian Krause, saying the campaign is financed by multi-billion-dollar U.S.-based foundations. Elsewhere, Kenny has pointed to international players who have a vested interest in impediments to North American energy exports. read more

Freshman House Dems Vote With Pelosi, AOC More Than 90% of the Time

WASHINGTON—Forty-three freshmen Democrats are among Speaker of the House Nancy Pelosi’s most reliable allies, voting to support her position 95.99 percent of the time during their first six months in Congress, according to an analysis released Wednesday.

“The new Democrat Majority Makers have voted with Pelosi, on average, 95.99 percent of the time. Moreover, 22 Democrat Majority Makers have voted with Pelosi 100 percent of the time,” said the Club for Growth (CFG), a conservative political activist group. read more