The US doesn't want domestic chip production, it wants chip production that's not at risk of the Chinese. As a very reliable partner, Japan works fine for this purpose.
And maybe not.
>But the Texas Department of Transportation says converting paved roads to gravel is the only safe plan it can afford.
https://www.texastribune.org/2013/08/19/conversion-of-roads-...
> Omaha’s Answer to Costly Potholes? Go Back to Gravel Roads
https://www.nytimes.com/2017/03/07/us/omahas-answer-to-costl...
A pretty sad trend that keeps on growing.
America has lost the ability to build and maintain. It's slowly deconstructing and dismantling itself.
Now as more and more of the deferred maintenance bills come due, they have to make the hard decisions they should have made a long time ago.
People bet 10 x their yearly income on a property, and then they will do anything in their power to make that value rise, or at least not fall: NIMBYism. They will block any effort that potentially lowers the value of their property.
And I don't think you can blame them, as we can't expect them to voluntarily lose a lot of money.
Not to mention, the incredible 30 year fixed mortgage.
For additional context, there is very lax enforcement of home building standards for anything single family, both to encourage new construction and because the general principle is it will be torn down in 20-30 years, so why bother. This is of course also leads to a bit of a vicious cycle (which some see as wasteful) where it’s safer to tear down and build new because who knows how whatever you’re buying was built.
I have been living in Japan for the last 5 years, and the construction quality is absolutely abysmal here. Thermal and noise insulation is almost non-existant (very funny here in Aomori), and the overall layout of the cities and the houses is a complete mess.
I read recently that the government passed a new law forcing higher construction quality standards, but let's see what happens...
This is a myth. There's tons of demand for housing in Tokyo, and other large cities. There's no demand in small, remote towns, and the population is moving from rural areas to the big cities, plus there's more immigration, so demand hasn't fallen.
Oddly enough, according to this: https://resources.realestate.co.jp/living/how-affordable-is-... homes in the US are still more affordable than those in Japan.
I only did a quick search and clicked on the first result, btw, so take that with a boulder of salt.
I actually spent a significant part of my early career working with real estate economists.
A bunch of economists I know actually lost money fixing their mortgages in 2008. They fixed at too high a rate and weren't prepared for the low interest rates environment.
It's a direct consequence of NEPA privatising environmental review together with our lack of tort reform.
Except it's usually done in a more expensive and slower way than in other advanced economies
And military equipment.
Instead in Ukraine we have a proxy war where NATO countries are hesitant and reluctant to over commit.
Also, artillery shells is much cheaper way to deliver precise and fast strikes in urban environment compared to running aircrafts, so maybe such plans are not effective if this is really the plans.
Sorry, khikhil, zrada was baked in from the start. Link related.
Wasn't the entire point of the CHIPS Act to "authorize roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion" including "$39 billion in subsidies for chip manufacturing on U.S. soil"?
https://en.wikipedia.org/wiki/CHIPS_and_Science_Act
edit: I see -- The point of the article is that Congress's goal has been hindered "on the ground" by conflicts with construction unions, negotiations over profit-sharing with the US government, and environmental regulations that slow construction.
America has a huge number of interests. CHIPS is well announced but it's separate and apart from most of those interests.
CHIPS is what we say we want.
North Korea has a main beef with South Korea and is full of starving people equipped with WW2 tech has no airforce and some nukes with questionable functionality, while Russia can't even move past Eastern Ukraine with all its power let alone venture into other areas.
How are they a threat to other nations?
(Only tiny bit relevant Russia allegedly blew up ammo depo in Czech republic in 2014 https://en.m.wikipedia.org/wiki/2014_Vrbětice_ammunition_war...)
Interestingly a bunch of NK’s aging infrastructure was supposedly built by the Japanese.
They seem to have ballistic missiles and they don't need to be particularly accurate to hit somewhere in Tokyo.
It is pretty close to China, so in case of a war, it is not exactly great location (from US point of view).
Usa definitely not immune, but it's been seen how Japan getting hit with disaster affected the tech industry in past years.
Production if anything spread out of Japan as a result.