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Dollar General Hits a Gold Mine in Rural America - Bloomberg
“It reminds me of a craps table,” Brown, the commercial real estate analyst, says. “Essentially what the dollar stores are betting on in a large way is that we are going to have a permanent underclass in America. It’s based on the concept that the jobs went away, and the jobs are never coming back, and that things aren’t going to get better in any of these places.”

HOW DOLLAR GENERAL BECAME RURAL AMERICA’S STORE OF CHOICE: https://www.wsj.com/articles/how-dollar-general-became-rural-americas-store-of-choice-1512401992

The Supply Chain In Lieu Of The Welfare State: https://gnxp.nofe.me/2017/12/04/the-supply-chain-in-lieu-of-the-welfare-state/

http://marginalrevolution.com/marginalrevolution/2018/01/u-s-fact-day-2.html
“Over the last five years a new Dollar General opened every four-and-a-half hours…”

That is from The Economist. The article attributes much of the success of the chain to its location decisions, such as opening near churches, schools, highways, and post offices.
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october 2017 by nhaliday
Beijing’s uneasy deals with overseas car groups under strain
The new EV joint ventures are part of a Chinese effort to master the technology for electric vehicles — and rely on a tried and tested model of working with the global car industry since the 1980s. In a nutshell, joint ventures are the only way for foreign groups to access the world’s largest and most lucrative market. China gives the overseas companies the right to sell cars in exchange for their technology, management expertise and a share of their profits. 

“China’s central planners said ‘how can we basically force global automakers to participate and bring their very best electric vehicle technology to China?’” says Michael Dunne, president of Dunne Automotive, a Hong Kong-based car consultancy. 

Since 1984, starting with Jeeps, foreign carmakers have been allowed to produce cars in China — but only in concert with a local partner holding at least 50 per cent of the venture. In practice, this is almost always one of six anointed state companies. 

While widely criticised as a trade barrier, the JV law managed to survive China’s entry into the World Trade Organisation in 2001 — testament to Beijing’s bargaining power. Now China is using an updated version of the JV law to once again dangle access to its car market in exchange for technology — this time for new electric vehicles. 

The results of the three-decade-old policy have been mixed. Rather than transforming Chinese car companies into technology giants, the joint venture companies have arguably made Chinese carmakers complacent, according to Chinese policymakers. He Guangyang, a former minister of industry, controversially described the JVs as “like opium” in an interview five years ago.

...

This has created fears that their proprietary technology could be stolen. Over the past two decades, foreign makers of everything from high-speed trains to fighter planes have licensed the technology to local Chinese partners only to find a few years later that their partner is a major international competitor. 

In order to keep this from happening, foreign carmakers are trying to give away as little as possible — and keep sensitive items, such as software codes, outside of China. In the past, foreign companies have managed to evade similar requirements simply by bringing in outdated technology, which has angered Chinese policymakers. 

...

Weeks later Miao Wei, minister of industry and information technology, told a press conference that the notion foreign companies would have to transfer technology to Chinese companies was a “misunderstanding”. 
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september 2017 by nhaliday
Trump wants a troop surge in Afghanistan — it makes little sense - Business Insider
http://abcnews.go.com/US/us-involved-afghanistan-difficult/story?id=49341264
http://www.rollingstone.com/politics/news/afghanistan-the-making-of-a-narco-state-20141204
https://www.washingtonpost.com/news/checkpoint/wp/2016/01/26/the-u-s-was-supposed-to-leave-afghanistan-by-2017-now-it-might-take-decades/
https://www.theatlantic.com/international/archive/2017/08/solution-afghanistan-withdrawal-iran-russia-pakistan-trump/537252/
https://www.wsj.com/articles/the-macarthur-model-for-afghanistan-1496269058
neo-colonialism, sensible
https://spottedtoad.wordpress.com/2017/09/11/tora-bora/
The U.S. has been a reasonably successful steward of world peace along some dimensions, no doubt, but we seem to be particularly bad at colonialism for reasons the Battle of Tora Bora perhaps highlights- once a government (or even loosely affiliated military group) is in theory our ally, under our tutelage and cooperating with our military machine, we seem to have no ability to view its actions or abilities objectively. Maybe the reason Britain was, all-in-all more successful as a colonial power despite never exerting the kind of world military dominance the U.S. has since World War II is that, as representatives of a class-based and explicitly hierarchical society, the Eton boys running things for Britain never felt tempted to the kinds of faux egalitarianism that often guides American colonial ventures astray. In his excellent if self-indulgent account of walking across Afghanistan immediately after the Taliban’s fall, The Places in Between, Rory Stewart (an Eton boy turned world traveler and, later, an Iraq War provincial administrator and Tory MP) describes the policy wonks eager to take the reins of the new Central Asian Switzerland in 2001: ...

Mystery deepens over Chinese forces in Afghanistan: https://www.ft.com/content/0c8a5a2a-f9b7-11e6-9516-2d969e0d3b65
https://www.quora.com/Whats-the-geopolitical-importance-of-Afghanistan
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august 2017 by nhaliday
Seven charts that show how the developed world is losing its edge
Savings China’s gross savings (at market exchange rates) are nearly as large as those of the US and EU combined. China saves almost half of its national income. This extraordinarily high share is likely to fall but that decline is set to be gradual, since Chinese households are likely to remain frugal and the share of profits in national income is likely to remain high.

80% of the US had no real increase in income 2005 to 2012-2014

Time to worry about the American consumer?: https://ftalphaville.ft.com/2017/08/03/2192172/time-to-worry-about-the-american-consumer/
Two basic ways to spend more money: you can earn more and save the same, or you can earn the same and save less. Newly revised data from the Bureau of Economic Analysis show that American consumers have spent the past two years embracing option 2. The average American now saves about 35 per cent less than in 2015:

...

Not since the beginning of 2008 have Americans saved so little — and that’s before accounting for inflation. It could be a sign of trouble ahead.

https://twitter.com/menangahela/status/956993883556208641
https://archive.is/HKov7
this seems not good

China's Financial Debt: Everything You Know Is Wrong: http://www.unz.com/article/chinas-financial-debt-everything-you-know-is-wrong/
As China Piles on Debt, Consumers Seek a Piece of the Action: https://www.nytimes.com/2017/09/25/business/china-debt-consumers.html
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july 2017 by nhaliday
Elon Musk’ Boring Company plans underground Hyperloop for New York-DC in ’29 mins’ | Electrek
For sure. First set of tunnels are to alleviate greater LA urban congestion. Will start NY-DC in parallel. Then prob LA-SF and a TX loop.
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july 2017 by nhaliday

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