Despite increasing sanctions and scrutiny on hostile Chinese business practices and intellectual property theft, private equity firms have previously managed to mostly evade scrutiny for taking Chinese money. That may finally be changing.
Takeaways:
Pardon me if I express deep skepticism that the Biden White House will actually constrict the inflow of Chinese money…
Given that the original video generated doubts as to its veracity, I thought I would post this followup that goes into more detail about Ukraine’s low-cost suicide drone/loitering munition.
Velma, if you haven’t heard, is HBO Max’s “re-imagining” of the animated Scooby-Doo TV show. And by “reimagined” I mean “mangled and mutilated to fit the angry, narrow confines of social justice warrior ideology.”
Since I don’t have cable, I can’t go out of my way to watch it for the sake of reviewing it, so let’s let The Critical Drinker take a whack at it:
If that weren’t enough, let’s let Ryan George of Pitch Meeting also take his turn at bat:
The original Scooby-Doo is hardly going to go down in the annals of television as a classic on the order of Hill Street Blues or I Love Lucy, but it was a solid, wholesome kid-vid TV show that made good use of its limited animation budgets to produce solid, fondly remembered shows that the franchise was strong enough to survive decades of tweaks (“with special guest Don Knotts”), soft reboots, a series of unlikely direct to video movies…
…two “meh at best” live action movies, and even inflicting The Vile Abomination on American viewers.
Even apart from the social justice idiocy, throwing away that legacy for derisive belittlement is just wrong. Moreover, these projects never seem to be profitable or even well-received (remember the disasterous Land of the Lost remake with Will Ferrell?). If you don’t treat the source material with a due amount of respect, all you’re doing pissing off generations of people that grew up watching the originals.
This sort of thing is natural meat for The Critical Drinker, who delights in tearing into Social Justice crap. But the pointed Pitch Meeting takedown seems far more significant, as George has never been one to wade in culture war commentary.
Velma seems to be the show that everyone hates.
I’ve previously covered suicide drones and drones dropping RPGs. Now Ukraine is evidently cutting out the middleman and passing the savings on to Ivan by just strapping RPGs to light drones and guiding them in.
Here’s a screen-grab of this masterpiece of redneck engineering:
The is a great application of one of Murphy’s Military Laws: “If it’s stupid but it works, it ain’t stupid.” For the Russians, it must be quite embarrassing to get yeeted into the afterlife by Doogie Howser’s science fair project.
I’m somewhat surprised that drones that small can carry the RPG rounds effectively, but presumably they’re replacing camera gear or something close to the same weight.
An RPG-7 costs about $2,500 each, while a BMP-3 costs about $800,000 each. Even if you double the price for the quadcopter ($2,500 is a bit pricey, but not out-of-line for some pro rigs), you still get a hugely useful loitering munition for less than 1/100th the cost of the target you’re taking out…
Japan and The Netherlands have evidently decided to sign onto the Chinese semiconductor ban.
The talks between the US, Japan, and the Netherlands over wider bans on exports of semiconductor technology to China have reportedly seen the three agree to concerted action.
As The Register has often chronicled, the US has restricted exports of critical chipmaking and silicon technologies to China, hoping to prevent its economic and strategic rival from developing military technologies – and to protest human rights abuses.
While the Home of the Brave has spawned many of Earth’s most significant chipmakers and designers – Intel, AMD, Qualcomm and many others have headquarters stateside – other nations also export semiconductor tech to China. The Land of the Free would rather put a stop to that if possible.
The Biden Administration also recognizes that its bans could be seen as creating an opportunity for other nations to cash in on the absence of US vendors in the Chinese market. The three-nation talks therefore have the extra dimension of making sure America’s policies have their desired effect against China and don’t harm the home team.
Those twin desires saw Japan and the Netherlands in talks with the US last week, and according to numerous reports the meetings produced a unified approach to restrict semiconductor exports to China.
Without equipment from the US, Japan and The Netherlands, you can’t equip and run a modern semiconductor fabrication plant.
Peter Zeihan (him again), who has evidently lost a bet requiring him to dress as Gimli, discusses the ramifications.
This is one case where Zeihan gets the generalities right, but is wrong on some specifics.
If you’re building a modern, sub-10nm fab, chances are pretty good you need all five. You have to have an ASML EUV stepper, or else you have to go with trailing-edge machines from Canon and Nikon and deal with the computational pain and complexity of self-aligned quadruple patterning. You need KLA inspection tools to raise and maintain yields, and you need, at the very least, one of AMAT, LAM or TEL to provide the rest. Take away all three and you can’t equip a fab, period.
Some quibbles about the details, but he gets the big picture right.
As for his suggestion that companies stick to over 10nm nodes, well, I don’t think much of it. Those that can do >10nm nodes will and push the technology forward, and those that can’t afford to won’t…
One-Party Democratic California is so desperate for cash they want to tax people for leaving.
Desperate to stem the stampede of cash cows — affluent residents — out of their state, they are trying to pass an exit tax for households with assets of $50 million or more. Current residents would have to keep paying for years after they have decamped to less hostile states.
Heaven forbid that these legislators should instead come to terms with the reasons so many productive residents flee or what they could do to make their state a more attractive destination for people and businesses. They aren’t much concerned with that, merely with stopping the flight of all that revenue. If they cared about the livelihoods of the people leaving, they probably would have governed in a way that didn’t prompt people to head for the exits.
This is probably unconstitutional nine ways to Sunday. Wealth tax, Ex-Post Facto law, taxation without representation, etc. It’s also likely to be counterproductive, as rich people are not only likely to leave the state preemptively to avoid being subject to it, but are exactly the people that can hire top-notch lawyers to get it overturned.
Louis Rossmann, who recently fled New York City to Austin, has additional thoughts:
After almost a year of dithering, Germany has finally relented and is sending Leopard 2 tanks to Ukraine.
After weeks of reluctance, Germany has agreed to send Leopard 2 tanks to Ukraine, in what Kyiv hopes will be a game-changer on the battlefield.
Chancellor Olaf Scholz announced the decision to send 14 tanks – and allow other countries to send theirs too – at a cabinet meeting on Wednesday.
But that’s not the only big tank news.
US President Joe Biden’s administration is also expected to announce plans to send at least 30 M1 Abrams tanks.
Biden just announced while I was writing this that the U.S. will provide 31 Abrams tanks to Ukraine.
It could take months to deliver the tanks because the U.S. has to purchase them through a procurement process.
The move marks a reversal for the Biden administration, which had resisted sending the tanks, and comes as German Chancellor Olaf Scholz announced his country would provide 14 Leopard 2 A6 tanks for Ukraine’s military. Britain said earlier this month it will provide 14 of its Challenger 2 tanks. France plans to contribute 10 armed fighting vehicles.
They’re also sending parts and equipment and eight recovery vehicles.
The Pentagon has long shown a reluctance to send their best miltech abroad for fear of it falling into enemy hands. However, for both the Leopard 2 and the Abrams, the question is which version of the tank are they sending to Ukraine? Any version of either is going to have more sophisticated and modern fire control systems than the majority of Russian tanks currently in theater. And any version of the Leopard 2 is going to feature a Rheinmetall 120mm smooth-bore gun, either the L/44 or the more powerful L/55. The L/44 should punch through the front armor of most Soviet/Russian tanks, and the L/55 should theoretically punch through all of them.
For the Abrams, the M1A1 and M1A2 are both armed with the L/44, and National Review is reporting that the Biden administration is sending M1A1s. (The original M1 uses the older 105mm rifled M68 gun. That’s thought to be able to penetrate any Soviet armor up to and including the early T-72 models, and possibly some later export models, but not later T-72s and more modern domestic Soviet/Russian tanks. In Desert Storm, even M60 Patton tanks with the 105mm gun were regularly reporting kills on T72s.) Thus Abrams and Leopard 2 120mm rounds of various sorts are fully interchangeable.
The Challenger 2 uses the Royal Ordnance L30 rifled 120mm gun, which uses different ammo.
Back to the BBC: “Germany also permitted other countries to send their Leopard 2 tanks to Ukraine – which was restricted until now under export regulations.”
Poland has been itching to send Leopard 2s to Ukraine since very early on in the conflict, but Germany had been dragging its feet until now. Previous German Defense Minister Christine Lambrecht was reportedly the clog in the process, and given this came down a week after her departure suggests that was in fact the case.
They’re getting enough Abrams for two plus tank companies (three tank platoons of four tanks each, plus two command tanks), but not enough for a full armor brigade. But add the 14 German Leopard 2s, and presumably you have a force that can rip a hole in any Russian line. Add the already announced Bradleys and other IFVs, and you have a mobile infantry force behind them that can then exploit those holes.
Ukrainian military blogger Denys Davydov seems pretty ecstatic at the news:
So too Peter Zeihan (him again) is on the tank news as well:
Some takeaways:
As to why the Germans have been so hesitant, I don’t know if you know your history…
…but the last couple hundred years of history [doesn’t] necessarily put the Germans in the best light. And so the idea that the Germans would ever, in a peaceful environment, decide that they should take a leadership position on military affairs is something that is antithetical, not just to the German population in general, but the government of Scholz specifically. His party is the Social Democrats, and they have basically made their bones in geopolitics about making sure that Germany is never an offensive power at all.
As always, tank crew effectiveness comes down to training. A good tank crew takes a minimum of six months to become proficient enough to be effective in combat (and most would argue it takes longer). Even if you assume you can shave some time off for Ukrainian tanks crews experienced on Soviet equipment, it still takes a good deal of time to become proficient on either an Abrams or a Leopard 2; two to three months would seem to be the absolute minimum. So unless Ukrainians were already training on Leopard 2s and/or Abrams in secret, I wouldn’t expect to see in the field any until (at the earliest) late April.
Nothing to cheer you up quite like a discussion of potential genocide.
Takeaways:
The countries that would normally import from Ukraine, come October, November, December are going to realize it’s just not there. Most of those countries are in Africa, some are in South Asia. And the one I am, by far, the most worried about is Egypt. Egypt is poor and they import over half the grains they need to survive, mostly wheat. The wheat is already off-line, and so we should expect to see significant upheaval—economic, humanitarian, political—across the Arab world and into South Asia and in sub-Saharan Africa.
The mention of a second Holodomor is a reminder that not enough people know about the first Holodomor, when the Soviet Union starved some 5-7 million Ukrainians to death (and some 14.5 million total for the whole collectivization famine/”dekulakization”/suppression of the Kazakhs and Tartars/etc.
