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Kai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order




China’s penetration into Brazil presents some policy challenges. First, there is the sheer weight of the trade dependency. Without the China trade surplus to cushion its current account deficit, Brazil would have much greater financing needs. “The administration knows that if things were to go wrong China might punish us and our trade surplus would
... See moreRichard Lapper • Beef, Bible and bullets: Brazil in the age of Bolsonaro
In magnitudes that Argentines could only dream of, the U.S. government has been spending more than it raises in taxes, and American consumers and businesses have been importing more goods than they have been exporting, with borrowing from foreigners covering much of the gaps. The record budget deficit of about $413 billion for 2004, and the record
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