Research and Development (R&D) is a major profit center for the top universities in the United States. Besides the nearly $100 billion they earn in grants from the US government and private sources, university-based researchers create patents and inventions that generate many more billions annually.

China is the largest foreign source of scientists and researchers, and they are concentrated in the hard sciences and in engineering, where over 95% of R&D spending takes place. But since 2018, Chinese scientists are increasingly deciding to return to China to set up new research departments. Of those who are still in the US, over 60% admit they are strongly considering moving, and over half now refuse to work on projects that involve funding by US government sources.

To American universities, the loss of these scientists, along with future contributions to scientific research and commercial applications and market value, are incalculable. But losses probably already exceed a trillion dollars, given the departures of so many top scientists in Artificial Intelligence, Big Data, medicine, biochemistry, materials science, nanotechnology, and quantum computing.

Resources and links:

More Chinese Students Are Staying in China to Study
https://erudera.com/news/more-....chinese-students-are

Surge in Chinese Scientists Leaving US for Home Institutions
https://erudera.com/news/surge....-in-chinese-scientis

Caught in the crossfire: Fears of Chinese–American scientists
https://www.pnas.org/doi/10.1073/pnas.2216248120

Scientists of Chinese descent leaving the US at an accelerating pace
https://www.chemistryworld.com..../news/scientists-of-

Reverse Brain Drain? Exploring Trends among Chinese Scientists in the U.S.
https://sccei.fsi.stanford.edu..../china-briefs/revers

Resources on the Patent Revenue Budget Model
https://financeandbusiness.ucd....avis.edu/bia/budget/

R&D Expenditures at U.S. Universities Increased by $8 Billion in FY 2022
https://ncses.nsf.gov/pubs/nsf24307

South China Morning Post, Nanotech pioneer Wang Zhonglin leaves US to work in China ‘full time’
https://www.scmp.com/news/chin....a/science/article/32

SCMP, The Chinese scientists leaving top US universities to take up high-profile roles in China, boosting Beijing in its race for global talent
https://www.scmp.com/news/chin....a/science/article/32

Closing scene, Suzhou, Jiangsu

Of all the legacy carmakers, Ford Motor Company is best positioned to survive the onslaught of Chinese auto brands. Ford dominates in pickup trucks and commercial vans, industry segments in which Chinese automakers are not yet competitive abroad. They are also the most profitable markets on a per unit basis. The high tariffs and import bans that are designed to keep Chinese models out of North America are of little help to Ford, but serve ironically as a lifeline to Japanese and European companies who exist only as long as the tariffs do.

But Jim Farley, the CEO of Ford Motor, nevertheless is making huge changes at Ford based on his recent experiences in China. In a new strategy, Ford will abandon entirely its ambitions to compete in China in the passenger vehicle markets, and everywhere else in electric vehicles made by Ford's domestic factories. Instead, they will aggressively build new electric vehicle models in light and heavy trucks, designed by their engineers in the US, but produced and distributed by their Chinese joint venture partners.

Resources and links:

Kelly Blue Book, The 25 Best-Selling Cars of 2024 … So Far
https://www.kbb.com/best-cars/....top-10-25-best-selli

Wall Street Journal, What Scared Ford’s CEO in China
https://www.wsj.com/business/a....utos/ford-china-ev-c

Wall Street Journal, Ford Cuts Lightning Output in Latest Sign of EV Downshift
https://www.wsj.com/business/a....utos/ford-to-cut-pro

Wall Street Journal, A Chinese Phone Maker Did Something Apple Couldn’t: Make an EV
https://www.wsj.com/business/a....utos/a-chinese-phone

New Report: SUVs, Ford F-series, Toyotas are 2023’s bestselling cars in America
https://insurify.com/car-insur....ance/insights/bestse

Americans Review The BYD Shark Plug-In Hybrid Pickup And Love It
https://insideevs.com/news/733....031/americans-review

Motor Trend, It's No Mystery Why the F-150 Lightning EV Isn’t Selling Like Ford Hoped
https://www.motortrend.com/new....s/ford-f-150-lightni

Reuters, Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
https://www.reuters.com/market....s/deals/changan-ford

Investors Business Daily, Ford's China Partner Makes Bold EV Move In World's Top Auto Market
https://www.investors.com/news..../fords-china-partner

Closing scene, Gaoyi Mountain Scenic Area, Chenzhou, Hunan Province

White South Africans Are Only 7% of the Total Population Yet Own 72% of the Farmland

Explore the stark reality of land ownership in South Africa, where white South Africans, comprising just 7% of the population, own a staggering 72% of farmland. This video delves into:

• The historical roots of this imbalance, tracing back to colonial times and apartheid
• Key legislation like the 1913 Natives Land Act that shaped racial segregation
• The ongoing impact on black farmworkers and rural communities
• Current efforts and challenges in land reform

Uncover the complexities of South Africa's land issue and its implications for the nation's future.

⁣https://medium.com/@hrnews1/wh....ite-south-africans-a


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How The West is Looting Botswana
DeBeers & Western Capitalism’s Exploitation of Botswana’s Diamond Wealth

Uncover the shocking truth about how Western corporations, especially De Beers, have been exploiting Botswana's diamond wealth for decades. This video exposes:

• De Beers' monopolistic control through Debswana
• How Cecil Rhodes founded De Beers and shaped the diamond industry
• The impact on Botswana's economic development
• Questionable practices in diamond valuation and pricing
• Limited local beneficiation despite promises
• Environmental concerns and community displacement

Learn how this arrangement has allowed foreign companies to profit immensely while potentially limiting Botswana's returns on its natural resources. We'll explore the history, current situation, and what needs to change for Botswana to truly benefit from its diamond wealth.

⁣https://medium.com/@hrnews1/ho....w-the-west-is-lootin



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Millions of tons of annual agricultural trade is now being conducted outside the US dollar, and within the new BRICS framework.

This represents a tectonic shift in global finance, as the dominant trading hubs of New York, Chicago, and London are replaced by a multipolar system of bilateral trades using national currencies and non-USD-denominated pricing and contracts.

The already huge volumes of trade in ag, energy, and raw materials are destroying price discovery in global markets. Decisionmakers and executives in Western companies are unable to see markets, nor can they know what parties are driving demand, nor which suppliers are emerging to meet that demand. Our senior-level business managers and planners are flying blind, and only after realizing giant losses we learn that we are now suppliers only of last resort: the BRICS countries and their allied countries across the world are producing and trading at prices far below our cost of production.

Resources and links:

Record U.S. Agricultural Trade Deficit Forecasted to Keep Growing
https://www.fb.org/market-inte....l/record-u-s-agricul

Why U.S. agricultural exports are down almost 20% from last year
https://www.marketplace.org/20....23/09/29/why-us-agri

Why is China canceling US wheat shipments?
https://www.dw.com/en/why-is-c....hina-canceling-us-wh

Bloomberg, China’s Waning Hunger for Grain Spells Trouble for World Market
https://www.bloomberg.com/news..../articles/2024-06-12

Visual Capitalist: visualizing the BRICS expansion in 4 charts
https://www.visualcapitalist.c....om/visualizing-the-b

Inside China Business, China wrecks wheat markets in US, Europe, and Australia. Should American farmers sell off land?
https://www.youtube.com/watch?v=ZtSXC6mdchM

CME Group futures markets for near-dated contracts
https://www.cmegroup.com/marke....ts/agriculture.html#

Futures heat map from
www.finviz.com / futures

Closing scene, Dalian, Liaoning province

In a thought-provoking interview, a French professor delves into the complex dynamics of global geopolitics, exploring why and how Western powers may not genuinely support the development of African nations. The professor argues that there are economic and strategic interests at play that could be at odds with Africa's progress. He suggests that Western countries benefit from maintaining a status quo where African countries remain dependent on exporting raw materials rather than developing their own industries. By keeping Africa in a state of economic vulnerability, the professor contends, Western nations can continue to secure cheap resources while selling their own manufactured goods back to the continent, thus preserving a system that favors them. This interview sheds light on the intricacies of international relations and raises important questions about the true intentions behind foreign aid and economic policies.

Despite high tariffs against Chinese-built products, the United States imported record volumes of manufactured goods from China in July.

Policymakers in the United States, along with governments in friendly countries and those in North America, expected that after years of high tariffs and sanctions, that supply chain managers would be moving supply chains out of China, and bring them home.

The opposite happened, and imports from China are not merely larger than ever, but are accelerating relative to countries most friendly to the United States.

Resources and links:

Descartes, July 2024 U.S. Container Imports Break 2.5M TEUs
https://www.descartes.com/reso....urces/knowledge-cent

US volumes break 2.5 million TEU mark in July; Imports from China set record high
https://container-news.com/us-....volumes-break-2-5-mi

Reform & Opening-up｜How was the world-class port of Qingdao made?
https://www.ourchinastory.com/en/11148/Reform&Opening-up

Top 20 North American ports
https://www.ajot.com/premium/a....jot-top-20-north-ame

Infographic, Top 10 busiest container ports in 2023
https://twitter.com/_ValiantPa....nda_/status/18182284

New Tariff Policy Amplifies the United States’ Efforts To Bolster Nearshoring Strategy
https://www.swlaw.com/publicat....ion/new-tariff-polic

Definitions and applications of Reshoring, Nearshoring, and Friendshoring
https://www.aatcc.org/aatccnews_2024_01a/

Closing scene, Qingdao Container Port, Shandong

Discover the truth behind Ghana's newly inaugurated gold refinery. Touted as a game-changer for Africa's economic independence, this refinery hides a controversial reality. With only 20% owned by Ghana's Central Bank and 80% by foreign entities with no refining experience, is this really the path to prosperity? We'll uncover the hidden facts, compare Ghana's approach to other African nations like Burkina Faso, and explore what this means for the future of Africa's rich mineral resources. #ghanagold #goldrefinery #economicdevelopment #environmentalconcerns #goldindustry #2024news

Global auto markets were rocked by a recent agreement between Uber, the global ride-sharing app, and BYD, a Chinese electric vehicle brand that is now the world's largest EV manufacturer and exporter.

While BYD will surely benefit through its partnership with Uber, the extra 100,000 vehicles in the first phase of the agreement with Uber represents only a modest percentage increase in BYD"s global sales.

Far more important is how this agreement will transform Uber. BYD is the most vertically integrated motor vehicle company today, and earns very high marks for vehicle quality and reliability, which will keep its cars on the road instead of in costly repair shops. The cars are fast-charging, with long-lasting battery life. And BYD can produce at far lower costs than non-Chinese carmakers.

This all adds up to Uber now able to create new markets as fast as BYD delivers cars to put on the road.

Resources and links:

Uber and BYD Partner to Accelerate Global EV Transition
https://investor.uber.com/news....-events/news/press-r

BYD to unleash 100,000 EVs globally with its new partner, Uber
https://electrek.co/2024/07/31..../byd-unleash-100000-

Uber and BYD partner to introduce more EVs to global markets
https://www.automotivedive.com..../news/uber-byd-ev-pa

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
https://apnews.com/article/chi....na-uber-byd-ev-5c45f

BYD press release
https://www.byd.com/us/news-li....st/BYD-and-Uber-Part

Rocky Mountain Institute (2018) Ride-Hailing Drivers Are Ideal Candidates for Electric Vehicles
https://rmi.org/ride-hailing-d....rivers-ideal-candida

Federal Reserve Bank of Minneapolis, Despite easing inflation vehicle repair costs soar
https://www.minneapolisfed.org..../article/2023/despit

Surging auto insurance rates squeeze drivers, fuel inflation
https://apnews.com/article/aut....o-insurance-inflatio

New Car Price Trends in 2024 (August Update)
https://caredge.com/guides/new....-car-price-trends-in

Closing scene, Yingwuzhou Yangtze River Bridge, Wuhan, Hubei province

China is pushing Hong Kong as a global hub for Stablecoins, which are digital currencies backed by fiat money.

Western analysts correctly point out that China, uniquely among large economies, is aggressively building out the financial infrastructure and regulation for digital currencies, issued by the central bank. But these analyses err on a major point: the stablecoins issued by Hong Kong institutions will not be China-yuan denominated, as they assume. Instead, they will be denominated in US dollars, and will be a powerful driver of economic growth to the benefit of the Chinese financial system, and without exposing their own currency to outside speculators, seizure, or debt issuance.

To see how this may play out, consider the explosive growth of Tether, a stablecoin with stated US dollar reserves of $116 billion and 1-to-1 parity with the US dollar. The sudden rise and global acceptance of Tether serve as a playbook for Chinese banking regulators, who are sitting on nearly $4 trillion in US dollar reserves, with hopes to deploy these deep capital pools but without exposure to the Western banking system.

Resources and links:

Reuters, Tether's $100 billion stokes stablecoin stability concerns
https://www.reuters.com/techno....logy/tethers-100-bln

Learn how Tether (USDT) Makes Money
https://www.markets.com/educat....ion-centre/how-tethe
Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto

Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins
https://coingeek.com/hong-kong....-to-increase-digital

Tether’s Ascent: Breaking Down the Dominant Stablecoin's Growth
https://coinmetrics.substack.c....om/p/state-of-the-ne

Forbes, The House Bans The Fed From Building A CBDC Like The Digital Yuan
https://www.forbes.com/sites/d....igital-assets/2024/0

Reuters, What and where are Russia's $300 billion in reserves frozen in the West?
https://www.reuters.com/world/....europe/what-where-ar

China contends for the central position in the global economy
https://merics.org/en/6-china-....contends-central-pos

ASEAN: The ultimate winner of a China-US rivalry (Part I)
https://www.thinkchina.sg/econ....omy/asean-ultimate-w

Tether Stablecoin Home Page
https://tether.to/en/

Closing scene, Hong Kong