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Comment Re:Does EU has any authority over it? (Score 1) 62

There was an extended period of time that executives for DeBeers (the diamond company) couldn't enter the US without being arrested for anti-trust violations. It's not an idle threat.

There's also the option of just refusing to allow any goods to enter the EU from Ali, period.

Comment Re: Oof (Score 1) 49

The counterpoint to that is the more stable and prosperous the US is, the more the people of China will want to be like the US, and that is a huge threat to the current power structure in China. They may well not want a total collapse of the US economy, but having it take a big hit and a visible reduction in the standard of living would enhance stability in China, which is the first concern.

Comment Re:Oof (Score 3, Interesting) 49

That may well be the goal of the Chinese government. They can see the multi-trillion dollar bubble as well as anyone, and they can see it's getting close to bursting. A little push at the right time, and it's the 2008 banking collapse all over again, at a time when the US government is nowhere near as able to bail them out, with administration that will try desperately nonetheless.

Comment Re:People want biased news. (Score 4, Insightful) 82

News is a business. And it's not the business of selling news. It's the business of selling advertising. And selling advertising is all about demographics and nothing else.

You want eyeballs to sell to advertisers? You have to attract viewers that match the demographics your advertisers want to advertise to. That means your "news" programs must be echo chambers, telling people what they want to hear, and the most proven method to attract viewers is to peddle FUD via outrage monkeys.

There is no "left wing media" or "right wing media," there's only "Madison Avenue media" who have divided up the demographics they advertise to between them. They people who run the news programs really don't care about politics, because the moment they do, they go bankrupt. It's a dying business, and there's no margin left for personal agendas.

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