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Earlier this month, the European Union unveiled its rather unimaginatively named European Technological Sovereignty Package. One imagines that had this been a proposal emanating from the US Congress, it would have had a punchier and more bombastic name; the Safeguarding America Act or some such. Name aside, though, the package was certainly ambitious. As European […] 

 

This installment of the FTxBooth US Macroeconomists Survey discusses the likelihood of the Fed raising rates to address inflation as well as Kevin Warsh’s start as Fed Chair. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey>> For social media: Please use […] 

The European Commission recently presented the European Technological Sovereignty Package, a set of measures intended to strengthen Europe's capacity in semiconductors, artificial intelligence (AI), cloud and open source: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1187; (a) EU countries' current reliance on non-European digital infrastructure – including cloud computing, AI, microchips, software and data centres – carries substantial economic risks in the medium term; (b) By securing critical supply chains (such as advanced semiconductors), scaling local cloud data centres and funding open source alternatives, the EU's technological sovereignty package will substantially reduce economic risks in the medium term; (c) By securing critical supply chains (such as advanced semiconductors), scaling local cloud data centres and funding open source alternatives, the EU's technological sovereignty package will substantially increase the long-term productivity and innovation capacity of European tech firms 

Towards the end of last month, the US Citizenship and Immigration Services issued a policy memo which, in their words, ‘reiterated’ ‘ long-standing immigration law and immigration court decisions’ about the application process for a Green Card. As the USCIS spokesperson explained at the time: We’re returning to the original intent of the law to […] 

Over the last couple of weeks, your columnist’s inbox has been filling up each morning with emails about the imminent listing of SpaceX. About two-thirds of those emails have been newsletters from various financial media outlets – Bloomberg, the FT, the WSJ, etc – worrying about changes to the listing and index inclusion rules and […] 

This Finance survey examines (a) The large demand of passive investors for shares in SpaceX in the days after the IPO will cause substantial overvaluation of the stock; (b) Rebalancing of investors' portfolios to make room for SpaceX will cause measurable price pressure on other large growth or technology stocks in the days after the IPO 

This US survey examines (a) Requiring most green card applicants to apply for permanent residency from overseas would lead to a substantial reduction in the numbers of skilled immigrants in the US; (b) Requiring most green card applicants to apply for permanent residency from overseas would have a measurably adverse impact on a substantial number of US businesses 

By many conventional measures, the economy of the United States has been outperforming that of Europe for well over a decade. A simple look at the IMF’s data on GDP growth shows that the US growth has outpaced that of the European Union (EU) in 11 of the last 16 years. Cumulatively, the US economy […]