This is gps the Global Public square. Welcome to all of you in the United States and Around The World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First, ill talk to Henry Paulson and Timothy Geithner about the state of American Politics and the downgrade of the uss Credit Ratings and the struggles of the chinese economy and then robert ruben talks to me about how to make hard decisions and what a yellow legal pad has to do with that skill. Finally, david burn came to fame with his new wave band talking heads, some 40 years ago. Ill talk to him about his latest wave of creativity which includes a musical about former fill pina first lady Imelda Marcos. Performed in a Broadway Theater thats been transformed into a disco. But first, heres my take. For years American Politics has been shaped by the idea of the china shock. The term coined by three economists in a paper captured the widespr
World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First ill auck to Henne Paulson and Timothy Geithner about the downgradingst u. S. Credit ratings and the struggles the chinese economy. And then robert rubin talks about how to make hard decisions. And what a yellow legal pad has to do with that skill. Finally, david byrne came to fame with his new wave band Talking Heads. Some 40 years ago. I talk to him about his latest wave of creativity which includes a musical about former philippina first lady Imelda Marcos. Performed in a broadway theater. That has been transformed into a disco. But first, here is my take. For years now, American Politics has been shaped by the idea of the chinese shock. The term coined by three economists in a 2016 paper captures the widespread believe that trade with china has resulted in the deindustrialization of significant parts of the u. S. And loss of hu
Advanced semiconductors by 2030. This is a big step in that direction. 2030. This is a big step in that direction. Its not ust investments i that direction. Its not Ust Investments Coming H that direction. Its notjust investments coming from | that direction. Its notjust i investments coming from the outside in this regard, the us is investing in itself. This is a significant amount of money, isnt it . ,. ,. , , isnt it . You have to put this in some isnt it . You have to put this in some context, isnt it . You have to put this in some context, other in some context, other countries like taiwan, like japan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally getting in the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which is Something Like 40 billion for most advanced Semiconductor Manufacturing facilities, so governm
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