Wednesday, April 24, 2024

SHANGHAI ILLUSIONS OF STABILITY: Blinken begins key China visit as tensions rise over new US foreign aid ...

  


Washington has ‘seriously harmed’ Chinese interests with moves to suppress the country’s economy and trade, foreign ministry official says

...He also says Beijing opposes American interference in the South China Sea and the US ‘sowing discord’ between Beijing and its neighbors 



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BLOOMBERG BYTES --- Why AI Is Sucking Up the World’s Wealth . . . . the richest 10% already hold 85.4% of global net financial assets

  Why it structurally shifts wealth from labor to capital The mechanism economists point to: AI raises the capital share of income relative...