Report: American Companies Are Leaving China

Report: American Companies Are Leaving China

The coronavirus COVID-19 that originated in China may be the last straw that finally has triggered American companies to exit China. In the Global manufacturing consulting firm Kearney’s seventh annual Reshoring Index released on Tuesday ...

AND THEN THERE'S THIS:
Italy’s Communist Recipe for Disaster

Beginning in about 2014, Matteo Renzi, the imbecile ex-mayor of Firenze (Florence) acting as the leader of the Partito Democratico (synonymous with the Italian Communist party), somehow managed to get himself elected as Italy’s Prime Minister. To give you a proper frame of reference, Matteo Renzi was so far left, he would make Barack Obama look like Barry Goldwater! At the same time that Renzi was leading Italy into oblivion, strange things were happening in Italy’s economy. Banks were failing… but not closing. Retirement ages were being extended… for some reason the pension funds were dwindling or disappearing. The national sales tax we call IVA (Value Added Tax) rose from 18% to 20%, then to 21% and again to 22%. And in the midst of all this financial chicanery, the Chinese began furiously buying up Italian real estate and businesses in the North.

AND THIS:
Science Magazine Apologizes for Associating Chinese Virus with China

Nature, one of the world’s leading journals of biological sciences, urged scientists in an editorial this week to embrace the technical name favored by China’s government for the deadly disease that emerged from the Chinese city of Wuhan. “We must all do everything we can to avoid and reduce stigma; not associate COVID-19 with particular groups of people or places; and emphasize that viruses do not discriminate — we are all at risk,” said the editorial in Nature magazine, headlined “Stop the coronavirus stigma now.”