The Trump Presidency 14

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Hlafordlaes said:
Must be odd to occupy command position in today's US military, what with the troops enamored of the "commander" in chief, and meanwhile, the top brass knowing this:

U.S. at Risk of Losing Military Technology Edge to China in Two Years

OK, let's say that the article is alarmist and is another fishing expedition for funds. Even then, how do 300 million plus brains, even assuming they receive an education, compete with over a billion in the medium term? Oh, say, cooperate with allies in the EU and elsewhere? Rii-iight. Not no mo'.

Too bad popguns and BuyBulls will be no defense. Well, there's always prayer.
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The US already spends 4X as much on it’s military as China does and 10X as much as Russia does. If it’s spending that much and still falling behind it doesn’t need to spend more, it needs to make MUCH more effective use of the money it’s already spending.

That said, the basic premise is preposterous. China is not “about to gain a technological edge” over the US. It’s basically just scare tactics on the part if people who want to US to spend even more than it already does.
 
lomiller said:
The US already spends 4X as much on it’s military as China does and 10X as much as Russia does. If it’s spending that much and still falling behind it doesn’t need to spend more, it needs to make MUCH more effective use of the money it’s already spending.

That said, the basic premise is preposterous. China is not “about to gain a technological edge” over the US. It’s basically just scare tactics on the part if people who want to US to spend even more than it already does.
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Yea like all the scare porn put out by the airforce in the cold war about how Russia had technologically superior aircraft and we needed X new system to compare. Then we would get a defector in one and see what a cludge it all was.
 
ponderingturtle said:
Yea like all the scare porn put out by the airforce in the cold war about how Russia had technologically superior aircraft and we needed X new system to compare. Then we would get a defector in one and see what a cludge it all was.
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Or how they would show that the Russians had 4 times the number of tanks in Eastern Europe while all the while American Generals didn't care very much as they knew the superiority of attack helicopters and the A10.
 
Trump Tweets

Just signed Disaster Aid Bill to help Americans who have been hit by recent catastrophic storms. So important for our GREAT American farmers and ranchers. Help for GA, FL, IA, NE, NC, and CA. Puerto Rico should love President Trump. Without me, they would have been shut out!
 
Skeptic Ginger said:
"Without me" :rolleyes: He fantasizes it's his money, King Don.
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It's a bill from the D-House, forcing Trump to cough up way more money for Puerto Rico than he was willing to.
But it is more important to help than to bicker about who gets the credit - unless your name is Trump, of course.
 
BobTheCoward said:
Where is all their foreign business now?
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From Wiki, that biased source of fun-facts. This is for life insurance as an example:
Life insurers

The Australian Prudential Regulation Authority (APRA) regulates life insurance companies registered under the Life Insurance Act in Australia. As at 30th June 2018 there were 30 life insurers being monitored by APRA.

The largest 10 life insurance companies (by total risk premium inflows in the 12 months to 30th September 2018) accounted for 95.5% of the Australian market. These companies are (market share shown in brackets):

TAL Life (17.8%) owned by Japanese insurer Dai-ichi Life AIA Australia (15.6%) owned by Hong Kong based AIA Group MLC Life (11.7%) owned 20% by National Australia Bank and 80% by Japanese insurer Nippon Life AMP Life including the National Mutual Life Assurance Society (11.0%) owned by the global Resolution Life Group OnePath Life (10.0%) owned by ANZ Bank New Zealand CommInsure trading name for The Colonial Mutual Life Assurance Society (7.9%) owned by Commonwealth Bank
Westpac Life including BT Life (7.8%) owned by Westpac
Suncorp Life including Asteron Life (5.0%) owned by Suncorp Group
MetLife Insurance (4.5%) owned by US insurer MetLife Inc Zurich Australia (4.2%) owned by Swiss insurer Zurich Insurance Group
Between 2015 and 2018 five Australian banks have announced their intention to divest their life insurance operations: NAB (sale of 80% of MLC Life to Nippon Life), Macquarie Bank (sale of Macquarie Life to Zurich), CBA (sale of CommInsure to AIA), ANZ (sale of OnePath Life to Zurich) and Suncorp (sale of Suncorp/Asteron Life to TAL). In 2019, when the last of these deals is completed over 60% of the Australian life insurance market will be controlled by three companies - AIA, TAL and Zurich.
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It would appear very little of the life insurance underwriting is Australian. Something similar happens for health insurance here. At $44 billion annually in this country, imagine what the UK market would be as a potential target for US health insurers.
 
Norman Alexander said:
From Wiki, that biased source of fun-facts. This is for life insurance as an example:It would appear very little of the life insurance underwriting is Australian. Something similar happens for health insurance here. At $44 billion annually in this country, imagine what the UK market would be as a potential target for US health insurers.
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Based on what you provided, it would appear to not be tempting at all.

Health insurance is not insurance.
 
BobTheCoward said:
Based on what you provided, it would appear to not be tempting at all.

Health insurance is not insurance.
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:confused: It is and it isn't. It is in the sense that they make money out of you by insuring your health, but they take it further by also fixing you, with the American model. More $$$$$$ :thumbsup:
 
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a_unique_person said:
:confused: It is and it isn't. It is in the sense that they make money out of you by insuring your health, but they take it further by also fixing you, with the American model. More $$$$$$ :thumbsup:
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So why don't these big American companies provide their service to foreign countries that use private insurance now? Or do they?
 
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lomiller said:
The US already spends 4X as much on it’s military as China does and 10X as much as Russia does. If it’s spending that much and still falling behind it doesn’t need to spend more, it needs to make MUCH more effective use of the money it’s already spending.

That said, the basic premise is preposterous. China is not “about to gain a technological edge” over the US. It’s basically just scare tactics on the part if people who want to US to spend even more than it already does.
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I'd like to think that freedom, democracy and the enlightenment in general will mean the Chinese will never overtake.

Though their progress over the last decade is starting to make me think again, I still can't help thinking that their political culture will stifle innovation.
 
BadBoy said:
I'd like to think that freedom, democracy and the enlightenment in general will mean the Chinese will never overtake.

Though their progress over the last decade is starting to make me think again, I still can't help thinking that their political culture will stifle innovation.
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False dichotomy.
The Chinese don't want to overtake the US, they "only" want to be the primary power in their region of the world.
They have no interest in policing the Middle East or projecting kinetic power towards the Americas.
 
The PDJT should be pissed that his BFFs are dating each other (Putin and Xi). With the two recent provocation incidents by Russia (sea and air proximity) maybe Putin is getting ready to light the fuse.
 
BobTheCoward said:
......
Health insurance is not insurance.
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What do even mean? What do you think insurance is? Health insurance is insurance. The complaint about the U.S. system is that it is part of a profit-centered system that costs too much. But the large majority of
Americans have insurance through their employers, Medicare or other source.
 
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