AernaLingus [any]

  • 0 Posts
  • 6 Comments
Joined 3 years ago
Cake day: May 6th, 2022
  • AernaLingus [any]@hexbear.nettoAsklemmy@lemmy.ml•what addiction have you kicked? no matter how insignificant you feel it wasEnglish
    4·
    2 months ago

    Facebook (when that was still a platform young people used). I would obsessively scroll through it for hours each day, basically trying to look at and comment on EVERYTHING. On a whim, I decided to take a break from it for a month. By the time the month was up, I realized I didn’t miss it at all, and that was that. One of the big takeaways was that I thought that I was forming relationships with the people I’d comment back and forth with, but in reality these were people who I would never hang out with outside of school and barely even talk with in school (if at all); it was all just superficial, and I was better off spending time talking to my actual friends.

    It wasn’t that bad, but in high school I mindlessly got into the habit of drinking a few cups of Coke each day (I think it started because I would get a 2 liter whenever I’d order pizza). I quit it pretty much cold turkey, and not only did I stop drinking it at home, I no longer order it at restaurants either, which is something I did ever since I was a little kid. The idea of just buying a bottle of soda and drinking it is straight honestly grosses me out now even though getting a can or bottle from a vending machine was something I’d do without thinking. The one exception is when I’m pigging out at the movies with a bucket of popcorn, but that’s pretty rare.

  • AernaLingus [any]@hexbear.nettoUnited States | News & Politics@lemmy.ml•The Federal Reserve is now saying that the US shot itself in the foot with its export controls on China, as illustrated by Intel's recent staff layoffs.
    5·
    3 months ago

    In text form:

    Abstract

    Amid the current U.S.-China technological race, the U.S. has imposed export controls to deny China access to strategic technologies. We document that these measures prompted a broad-based decoupling of U.S. and Chinese supply chains. Once their Chinese customers are subject to export controls, U.S. suppliers are more likely to terminate relations with Chinese customers, including those not targeted by export controls. However, we find no evidence of reshoring or friend-shoring. As a result of these disruptions, affected suppliers have negative abnormal stock returns, wiping out $130 billion in market capitalization, and experience a drop in bank lending, profitability, and employment.

    Quote from conclusion

    Moreover, the benefits of U.S. export controls, namely denying China access to advanced technology, may be limited as a result of Chinese strategic behavior. Indeed, there is evidence that, following U.S. export controls, China has boosted domestic innovation and self-reliance, and increased purchases from non-U.S. firms that produce similar technology to the U.S.-made ones subject to export controls.