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Blocked From US Tech Investing, China Goes To Israel Instead (cnet.com)
Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. From a report: Unfazed by this change, which was brought on in part by a new administration focused on US protectionism, Chinese investors are putting their money in Israeli companies instead. Last year, Chinese investment in Israel surged tenfold to $16.5 billion, a record, with money going to Israeli internet, cybersecurity and medical device companies. In contrast, Chinese investors scrapped a record $26.3 billion in previously announced US deals.
There's a new trade agreement that allows China to open banks in the US. That completely changes the landscape for Chinese investment in the US.
One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
TPP specifically excluded China. It was the "China is getting expensive, we want to trade with the next 3rd world under developed cheap labor market, but none of you are as big as China so let's do it all in one go" trade deal.
Bernie also promised to axe the TPP.
And don't be ridiculous. As an IT worker, you can't compete with anyone outside of the US and Europe with an Internet connection that speaks decent English. You can't even really compete with anyone from a smaller US town. You need 6 figures in San Fransisco to make a living. In bumble-fuck Iowa, 50K is good money.
As soon as your job can be done remotely, you're fucked if you don't move out of that expensive house in that expensive town with those expensive hobbies.