First up on this week’s podcast, we hear about the skewed perception of our own hands, extremely weird giant viruses, champion regenerating flatworms, and more from Newsletter Editor Christie Wilcox
Video timeline: 00:00 Cashless transactions are on the rise 00:18 America: account and card 02:01 India: Unified Payment Interface 04:06 China: App payments
Supply chains are becoming more tangled and opaque
On august 9th President Joe Biden unveiled his latest weapon in America’s economic war with China. New rules will police investments made abroad by the private sector, and those into the most sensitive technologies in China will be banned. The use of such curbs by the world’s strongest champion of capitalism is the latest sign of the profound shift in America’s economic policy as it contends with the rise of an increasingly assertive and threatening rival.
The countries’ economic ties are more profound than they appear
When it comes to tracing the geography of global supply chains, few companies provide a better map than Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once loved by Western companies are firmly out of fashion. Souring relations between the governments in Washington and Beijing have made businesses increasingly fretful about geopolitical risks. As a consequence, in the first half of the year, America traded more with Mexico and Canada than it did with China for the first time in almost two decades. The map of global trade is being redrawn.
Niklas Natt och Dag
Setting: Stockholm, 1794
I adored Niklas Natt och Dag’s brilliantly cynical debut, The Wolf and the Watchman, and The City Between the Bridges is just full of filth and cynicism, the perfect combination for depicting the late 18th century and its terrible iniquities. The watchman of The Wolf and the Watchman returns to solve a new crime, this one the brutal murder of a tenant’s daughter on the eve of her wedding to a seemingly sensitive nobleman. Natt och Dag is particularly adept at savagely ripping the notion of a “civilized age” apart and showing the raw suffering underneath. As a side note, I’ve long believed that historical fiction is only to be trusted when the author is willing to describe bad smells to set the scene, and this book is full of truly disgusting odors.
Kevin Jared Hosein
Setting: Trinidad, 1940s
Set in the dying colonial era, Kevin Jared Hosein’s searing debut examines race, class, and decolonization through the lens of two families, one white and wealthy, the other Black and disenfranchised, as their lives become ever more entwined after the disappearance of the white family’s patriarch. Like the best historical fiction, Hungry Ghosts is immersed in the ideas and complexities of its’ shifting time period, for a triumph of well-researched storytelling.
Tara Ison
Setting: WWII France
In one of those amazing life twists that feels as bizarre as it is inspiring, Tara Ison, the writer of the cult hit Don’t Tell Mom The Babysitter’s Dead has crafted one of the best tales of collaboration ever written. In Between the Hour of Dog and Wolf, Tara Ison takes us into the mind of an adolescent Jewish girl being hidden with a French family during WWII. She spends so much time pretending to align with the ideals of the occupiers that she finds herself beginning to agree with them, in what reads as a Jewish version of Lacombe, Lucien. Perhaps it’s not such a twist—both book and film are about the ways we assume new roles when necessary to survival, whether that’s taking a job as a fashion consultant to feed siblings and putting on a batshit fashion show (a la Babysitter) or pretending to be a fascist to to protect from others knowing that you are Jewish. Okay, maybe that last comparison is a bit of a stretch, but still, everyone should read this book and also everyone should should rewatch that movie.
Bret Easton Ellis
Setting: Los Angeles, 1981
Bret Easton Ellis is back, this time with a new serial killer novel that brings together all the best aspects of Less Than Zero and American Psycho. It’s 1981, Missing Persons is playing on the stereo, and future writer Bret is doing bumps with his prep-school friends by the poolside, dressed sharply in Ralph Lauren, as a killer makes his way closer and closer to their wealthy enclave. Ellis’ teenage emotional truths collide with violent fictional set-pieces for an epic tale of Southern Californian sins.
Your body is ageing down one of four – or more – possible pathways. Figuring out your “ageotype” could help you zero in on the things you can do to stay healthier for longer
THERE is a (probably apocryphal) story about Henry Ford sending agents out to junkyards across the US in search of scrapped Model Ts. The famous industrialist wanted to know which of the car’s vital components failed first, so he could do something about it. The agents reported back that every bit of the car was susceptible to failure, but some were more susceptible than others, except for one – a component of the steering system called the kingpin, which almost never failed. They expected Ford to announce plans to extend the working lives of the weaker components. Instead, he ordered his engineers to make less resilient kingpins. No point wasting good money on a component that always outlived the others.
Phnom Penh, its capital, is home to the art deco Central Market, glittering Royal Palace and the National Museum’s historical and archaeological exhibits. In the country’s northwest are the ruins of Angkor Wat, a massive stone temple complex built during the Khmer Empire.
The Globalist Podcast, Thursday, August 10: West African leaders meet in Abuja after the military junta in Niger refuses to reinstate the country’s president, Mohamed Bazoum.
Plus: political uncertainty in Thailand shakes investor confidence, culture news and a Canadian breed of cow that could help cut greenhouse-gas emissions.
The new limits, aimed at preventing American help to Beijing as it modernizes its military, escalate a conflict between the world’s two largest economies.
The warrant, obtained in January, is the first known example of prosecutors directly searching Donald J. Trump’s communications in the federal inquiry into the events of Jan. 6, 2021.
At least six people were killed in an inferno that tore through Lahaina, leveling entire neighborhoods.
Hot weather can destabilize mood, exacerbate mental health disorders and complicate drug treatment. Climate change itself is a stressor, scientists say.
Boomers Daily 