Intel
Thursday, March 13th, 2025
Global Affairs — It Is Not the Economic Impact of Tariff That is Worrying
The Economists
The lessons of the 1930s, particularly from the Smoot-Hawley Tariff Act, extend far beyond the immediate economic impact of tariffs. While the direct economic consequences were significant, the more worrying aspects were the unintended geopolitical and diplomatic repercussions. The Act led to a breakdown of international cooperation, fostering resentment among allies and contributing to the formation of rival trade blocs, which weakened global stability and exacerbated tensions. It also fueled anti-Americanism abroad, damaging diplomatic relations and influencing political shifts in other countries. Today, as the world faces similar protectionist tendencies, these historical lessons serve as a stark warning. The potential for diplomatic fallout, geopolitical realignment, and the erosion of international cooperation poses a far greater threat than the immediate economic effects, especially given the interconnected nature of the global economy and the role of the U.S. dollar as a reserve currency.
Tech — Intel Names New CEO, Li-Bu Tan
Bloomberg
Lip-Bu Tan's appointment as Intel's new CEO marks a critical juncture for the struggling chipmaker, potentially representing its final opportunity to execute a successful turnaround. Tan, a seasoned industry veteran with deep semiconductor experience, faces the daunting task of revitalizing Intel's position in the highly competitive chip market. His emphasis on maintaining Intel's integrated design and manufacturing approach suggests a commitment to keeping the company intact, rather than splitting off its foundry business. However, the stakes are high, as failure to execute the turnaround plan could lead to Intel being dismantled, with various parts, including its foundry business, potentially being acquired by competitors like TSMC. Tan's success is crucial not only for Intel's future but also for maintaining U.S. competitiveness in the semiconductor industry. While investors initially responded positively to Tan's appointment, the new CEO must act swiftly and decisively to address Intel's challenges and restore its "winning culture" to prevent the company from being broken up.
Business — Tesla in Trouble
The Economists
Tesla's recent troubles extend beyond Elon Musk's controversial actions and political affiliations. While protests and vandalism against Tesla showrooms and vehicles have occurred due to Musk's support for Donald Trump and far-right causes, the company's declining sales and stock price are attributed to multiple factors. Tesla reported its first annual sales decline in history, with significant drops in key markets like Europe and China. The company's reliance on just two models, the 3 and Y, limits its market reach compared to competitors with more diverse offerings. Additionally, Tesla faces intensifying competition from established automakers and Chinese EV manufacturers. The decision to abandon plans for a cheaper "Model 2" in favor of focusing on robotaxis and humanoid robots has also impacted investor confidence. Furthermore, inventory management issues and consumers postponing purchases for updated models have contributed to the sales slump. As Musk divides his attention between Tesla, his other companies, and government work, concerns about his ability to effectively manage the automaker have grown, further affecting Tesla's market performance.
Relationship — One-sided Friendship
Verywell Mind
One-sided friendships can be emotionally draining and detrimental to one's well-being. These relationships are characterized by an imbalance where one person consistently gives more effort, support, and attention than they receive in return. Signs of a one-sided friendship include always being the one to initiate contact, make plans, or provide emotional support without reciprocation. The effects can be significant, leading to feelings of isolation, lowered self-worth, and potential negative impacts on other relationships. Understanding the dynamics that contribute to these imbalances, such as early attachment patterns, power imbalances, and poor reciprocity, is crucial. Addressing the issue involves acknowledging the problem, having open conversations, setting boundaries, and potentially reassessing the friendship's value. While it's possible to work towards a more balanced relationship, sometimes ending the friendship may be necessary for one's emotional health and personal growth. Cultivating healthy and balanced friendships requires open communication, a willingness to give and take, and a focus on self-care to maintain one's own well-being.
Cooking - Irish Beef Stew
Craving a hearty and nourishing beef stew that's both comforting and authentic? This Irish-inspired one-pot wonder is the answer. Brimming with tender chunks of beef, an array of vegetables, and a rich, flavorful broth, this stew is a true crowd-pleaser. The secret ingredient? A generous pour of Guinness, the iconic Irish stout, which infuses the dish with deep, malty notes. For the full Irish experience, serve this robust stew alongside a slice of traditional Irish soda bread – perfect for mopping up every last drop of the delicious gravy. This satisfying meal is sure to become a favorite for cozy nights in or festive St. Patrick's Day celebrations.
Eating Well
Song Rec - Swan Lake (Tchaikosvky)
Quote of the Day
“Looking back on it now, I’m sure all of us were searching for something on those trips beyond camaraderie and a sense of accomplishment. We were at that age when kids test their limits, experiment with different identities- and also sometimes feel a yearning for bigger, even transcendent experiences. I had started to feel a clear longing to figure out what my path would be. I wasn’t sure what direction it would take, but it had to be something interesting and consequential.” - Bill Gates, Source Codes
enjoy your americano!