Treasury Secretary Janet Yellen met with China’s top economic official, Vice Premier Liu He, in Switzerland on Wednesday as Washington and Beijing continue to maintain high-level contacts.
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News Roundup 1/13/2023
Russia Ukrainian Defense Minister Oleksii Reznikov said last week that Ukraine is “shedding blood” for a “NATO mission” in candid remarks about the relationship between Kyiv and the Western military alliance. AWC Poland’s president said Wednesday that Warsaw has...
News Roundup 1/11/2023
US News Republicans in the House are divided over a deal Rep. Kevin McCarthy (R-CA) made with conservative GOP members to secure enough votes to win the speakership that could potentially bring this year’s military budget down by about $75 billion, although the...
No More ‘Better Mousetraps’: How Financialization Discourages Technological Improvement
Capitalism is a social technology that directs resources toward valuable uses, increasing the total wealth in society. As a social technology, it organizes people and resources into systems and processes. When capitalism directs resources toward processes that...
Pentagon to Construct New Pacific Military Base
The Department of Defense is set to begin construction on a new naval base in the Pacific-island nation of Palau, with a private contractor awarded more than $100 million for the installation, which will house a new advanced radar system.
News Roundup 1/6/2023
Venezuela Venezuela’s opposition on Friday voted to remove Juan Guaido as the “interim president” and to dissolve the US-backed “interim government,” a move that came after resuming talks with Venezuelan President Nicolas Maduro. AWC Venezuelan President Nicolas...
China Conducts Military Maneuvers Near Guam, Okinawa
The Chinese aircraft carrier Liaoning has sailed near the Japanese island of Okinawa and the US territory of Guam over the past two weeks. The naval operations came at the end of a year which saw several military escalations between Washington and Beijing.
News Roundup 12/29/2022
US News The 2023 National Defense Authorization Act (NDAA) increases the budget of the Pentagon’s newest branch by billions of dollars. The funding increase comes after a top Space Force civilian employee sexually harassed his subordinates and kept his job. The...
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