I HOPE IT WORKS BETTER THAN AMTRAK: Intel’s Move Toward Nationalization Won’t Work—at Least for the Long Haul.

Most of the world’s most cutting-edge chips are manufactured in Taiwan—a growing flashpoint for tensions between the U.S. and China. Major U.S. companies including Apple and Nvidia rely on those chips for their products and would face severe economic hardship if a war choked off their supply. For all its problems, Intel is the only U.S.-based company capable of manufacturing cutting-edge chips.

So the government’s interest in Intel as a national-security matter is real. But taking a stake in the company could have vast unintended consequences, especially given Trump’s recent propensity for trying to exert direct influence over private business decisions. His call for Tan’s ouster was only one such example in the past week. He also demanded—and got—Nvidia and Advanced Micro Devices to agree to fork over 15% of the revenues they make selling AI chips into China.

Even partial government ownership of Intel could put that unwelcome trend into overdrive. It would add to the levers Trump—or any future president—can pull to manipulate how private companies behave, something governments tend to be bad at.

The government might for instance pressure chip designers like Nvidia, AMD or Qualcomm to manufacture with Intel, perhaps as a condition for getting export licenses for China.

Read the whole thing.

STARS AND STRIPES, FOUR YEARS AGO YESTERDAY:

Four years ago, Richard Fernandez wrote:

The most tragic thing about Joe Biden’s cascade of failures is what it reveals about the man and his leadership team as a whole. He never had the capability to anticipate the problems which now overwhelm him and still less appears to possess the capacity to improvise a solution. Reality, so long kept at bay by the media narrative, is now inside his OODA loop and pulling ahead. What began with the border crisis was joined by the covid outbreak. The trillions of dollars in stimulus turned on him to become inflation. Without a pause Afghanistan came out of the box months ahead of his scenario. Now with stunning speed, Kabul has almost fallen. Before he can react to one thing, yet another challenge emerges. Each time the loop goes round he is further and further behind.

Glenn added, “The destruction wrought by the media’s narrative-maintenance is enormous, and just beginning to take hold.”

QED, another headline from four years ago: NBC Whines GOP ‘Seized’ on ‘Optical Comparison’ Between Kabul/Saigon Airlifts.

Did Antony Blinken write that headline?

I’m not sure if Joe himself would have rejected the comparison: Joe Biden Comes Full Circle.

During a 2012 eulogy for George McGovern, Joe Biden recalled a confrontation he had with President Gerald Ford over pulling troops out of Vietnam. Ford had agreed to meet with the Senate Foreign Relations Committee, which included then-freshman Joe Biden, to discuss the administration’s military funding requests during the fall of South Vietnam on April 14, 1975.

According to Biden’s account: “I said, ‘Begging the president’s pardon, but I’m sure if the president were in my position, the president would ask the president the following question.’ I swear to God, it’s in the transcript. And Ford looked at me very graciously, and he said, ‘Yeah?’ I said, ‘With all due respect, Mr. President, you haven’t told us anything.’ They were talking about Sector 1, Sector 2, Sector 3, and with that the president turned and said, ‘Henry, tell them.’ And that was the first time it was decided that we were not going to try to sustain our presence [in Vietnam],” said Biden.

But Biden’s alleged statement, and the response from Ford, do not appear in the classified minutes of the meeting, which have been released by the Ford Library Museum. According to the transcript, Biden did speak up at the meeting to oppose military aid to help evacuate South Vietnamese allies alongside the U.S. troops. “I am not sure I can vote for an amount to put American troops in for one to six months to get the Vietnamese out. I will vote for any amount for getting the Americans out. I don’t want it mixed with getting the Vietnamese out,” said Biden, according to the transcript.

Found via Fred Bauer, who noted, “Biden has never made any secret of his tremendous admiration for McGovern, whom he views as a transformational and inspirational figure.” Which brings us back to today in 2021:

I’m not sure how much of Joe’s brain was still there in 2021, but I hope it was worth it for him. As the National Interest reported last year shortly after his “Politburo” forced him out of the presidential race: Joe Biden’s Legacy Never Recovered from the Afghan Withdrawal.

CHANGE:

I LIMIT THE APPEALS I SHARE HERE, BUT I’M MISSING TWO TEETH FROM THE “SMALL CHILDREN” PART OF MY LIFE: Because of stuff like this, so I empathize. She’s dealing, but…  They’re young and near-broke and have a kiddie.  Emma’s Dental Emergency.

And yes, I am going to do something about my own missing teeth. Right now the problem is time.

BRITAIN: Top British Army Officer Predicts Civil War as ‘Rabbit in Headlights’ Leaders Incapable of Political Solutions. A friend writes: “This article reflects exactly what I observed and have discussed with several British political friends/ business associates in the last few weeks. The exodus from the UK for those with resources is accelerating. Just yesterday, a close friend in London asked my wife (a real estate broker) to help him find property in Florida. He is also planning to leave the country while the Tommy Robinson Sept 13 rallies are taking place.”

This is actually a place where the monarchy could and should play a constructive role, but my hopes of that at present are very small.

Related:

SOMEHOW I DON’T THINK HE’LL LIKE MELONI ANY BETTER:   TDS Drives Jimmy Kimmel to Get Italian Citizenship.

But we thank him for this, and will totally help him pack and give him a ride to the airport.

Wait until he finds out the romans were a colonialist, slave-taking world power.

FAR BE IT FROM ME TO SAY WE DON’T NEED ANYTHING FROM THE PAST:   The Old Beast.

But that past should not be the neolithic. Or the paleolithic for that matter.

YES, YOU CAN’T CALL OBAMA A FAILURE ONCE YOU CONSIDER WHAT HIS GOALS WERE:

OPEN THREAD: Because I love you and want you to be happy.