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The Future of Elite Schools in the Trump Era (and the Future of Blogging) - The Atlantic
James Fallows
3:05 PM / April 14, 2018

a message that came in from a reader in an elite-university college town. (OK: It’s New Haven.) He says that an under-appreciated aspect of Donald Trump’s war on expertise deserves further attention. .....From where I sit, the schools are woefully under-prepared for the Trump onslaught and I predict that they will get slammed and have to change their policies. To imagine what future Harvard classes will look like if the schools lose the court cases, look to what happened to Berkeley when they were constrained by Proposition 209 from considering using affirmative action policies-- the percentage of Asian American and White students increased, while Black and Latino representation decreased.

When I think about the rise of Trump, I believe that part of the blame should rest at the feet of Harvard, Yale and their peers.

Clinton, Bush, and Obama stacked their administration with graduates from these schools and the global economic system that they created (and profited from) had important flaws that hurt certain sectors of the US and provided fertile ground for Trump's dark vision of a sort of economic conspiracy holding back real Americans. As a group, they often were arrogant and felt that they knew best. Yet they also weren't smart enough to understand how the economic world that they created actually had some fundamental flaws that would come to threaten the elite global world view that they thought was inevitable.
James_Fallows  elitism  Ivy_League  Colleges_&_Universities  Donald_Trump  expertise  Department_of_Justice  admissions 
5 days ago by jerryking
US companies on edge over China tariff threat to supply chains
April 5, 2017 | FT | by Ed Crooks in New York 6 HOURS AGO.

Vermeer's situation demonstrates how complex international supply chains mean that new tariffs can have damaging unintended consequences. Vermeer, where Mr Andringa is chief executive, imports cabs assembled in its plant in Tianjin, China, that it uses for its drilling vehicle made in Iowa. Using the lower-cost imported cabs helps Vermeer stay competitive against German and Chinese rivals, in the US market and around the world. But the components were on the commerce department’s list of imports from China threatened with a new 25 per cent tariff. If the administration follows through on that threat, Vermeer’s competitive position will be eroded.
Donald_Trump  trade_wars  supply_chains  manufacturers  unintended_consequences  tariffs 
15 days ago by jerryking
Donald Trumps Angriff auf Amazon - Kommentar
RT : Donald Trump attackiert Amazon. Die Vorwürfe sind aberwitzig, findet via
amazon  donald_trump  from twitter
22 days ago by cpoetter
China Started the Trade War, Not Trump
March 23, 2018 | WSJ | By Greg Ip.

Even free traders and internationalists agree China’s predatory trade practices—which include forcing U.S. business to transfer valuable technology to Chinese firms and restricting access to Chinese markets—are undermining both its partners and the trading system....starting in the 1980s, economists recognized that comparative advantage couldn’t explain success in many industries such as commercial jetliners, microprocessors and software. These industries are difficult for competitors to enter because of steep costs for research and development, previously established technical standards, increasing returns to scale (costs drop the more you sell), and network effects (the more customers use the product, the more valuable it becomes).......In such industries, a handful of firms may reap the lion’s share of the wages and profits (what economists call rents), at the expense of others. China’s efforts are aimed at achieving such dominance in many of these industries by 2025.
trade_wars  Greg_Ip  Donald_Trump  China  myths  China_rising  tariffs  comparative_advantage  predatory_practices  network_effects  increasing_returns_to_scale  winner-take-all  WTO  protectionism 
28 days ago by jerryking

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