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More Starland District break-ins leave business owners concerned
After a string of break-ins at Starland District’s small businesses, community members are speaking out about their concerns.
Montenegro Wants To Be Europe’s Next Crypto Hub, But Weak Regulation Might Be Costing It Big Business
Montenegro’s crypto market is growing despite regulatory gaps that could deter investors and leave billions in digital-asset transactions beyond effective oversight.
Rangers pitcher Jacob deGrom leaves start with right triceps fatigue and will undergo MRI
Texans third-string QB Graham Mertz leaves with injury
Backup quarterback Davis Mills was expected to play only one series in Thursday night's preseason opener for the Texans.
Veteran 49ers DB leaves preseason game vs. Titans with injury
The San Francisco 49ers have battled injuries throughout camp, and now they've lost a cornerback early in their first preseason game.
Ben Brown leaves Patriots preseason opener with injury
Ben Brown left the game against the Colts in the first quarter.
Yankees leave bats at home, drop drowsy finale to Mariners
The Yankees had a flight to catch in this Thursday matinée.
BREAKING: Netflix to shut down two more game studios
Netflix is sticking with video games but once again reducing the number of studios it owns making games. The streaming giant is closing Los Angeles-based Night School studio, which it acquired in 2021 and plans to close Helsinki-based Moonloot, which was founded in 2022. Just six weeks ago, Night School had released Unhinged, a novel 30-minute first-person horror game, streamable on TVs to Netflix users. The game was hailed by Netflix co-CEO Greg Peters in a call with investors. Six weeks later, Night School is closing. Prior to its Netflix tenure, Night School had developed the award-winning supernatural thriller Oxenfree. A second Oxenfree game followed after the purchase, as well as a mobile game designed to tie in to an episode of the Netflix show Black Mirror. Netflix attributed the studio closures to a prioritization around kids gaming, party games, story-driven fare and games with mainstream hooks, such as a recently released FIFA game. “We see an opportunity to be more focused in our execution, so we are making organizational changes to the business to match those priorities,” a Netflix spokesperson told Game File. Netflix is also cutting jobs from its internal games team. A rep declined to say how many jobs were being lost by these cutbacks. “We are incredibly grateful to the talented colleagues we’re saying goodbye to today. We thank them for all their contributions to Netflix, and wish them the best,” the rep said. Netflix started releasing video games, initially on mobile as a free bonus to subscribers, in 2021. By 2023, Mike Verdu, then the head of Netflix’s game operations, was telling me that the company was committed to growing carefully, as it offered more games and built up internal game studios. At the time, it hadn’t made any gaming job cuts. Since then, Netflix has altered its approach. In 2024, it shut down Team Blue, a start-up studio led by ex-Call of Duty and Halo developers that was exploring making a high-end first-person game for the service. Last October, Netflix shut down another studio, Boss Fight, shortly after Peters praised the team’s Squid Game game to investors. (One of Boss Fight’s main developers now works on the Netflix FIFA game for outside studio Delphi.) And in December, Netflix sold cozy game studio Spry Fox back to its founders. Amid all of this, Netflix has shifted from emphasizing mobile games to offering games through TVs and PCs, via streamed connections, with phones used as controllers. That’s how Night School’s Unhinged worked, along with games such as Boggle and Party Crashers that have collectively helped the Netflix game controller app chart well on mobile app stores. The studio cuts leave Netflix with a central gaming team that works with external developers, and a dedicated first party studio in, Helsinki-based Next Games, which produced many of the company’s couch-centric party games. The move away from having a roster of internal game studios aligns with Netflix’s own approach to shows and movies, which are largely produced externally. The company owns few TV/film production studios of its own. The gaming industry overall is seeing large holders of multiple studios cut back, with Sony, Ubisoft, Embracer, Microsoft and other giants closing or selling off studios. Cuts in California-based studios, where costs often run relatively high, have been particularly acute. Netflix has faced skepticism about its gaming plans for years. The moves today are likely to fuel them, and the company has few upcoming projects to counter the narrative. Among the few hinted, acclaimed independent studio Don’t Nod said last year it was working on a game tied to a major Netflix franchise.
Saints' Jordyn Tyson leaves practice early with worrying hamstring injury
This isn't good news for the Saints' first-round WR.
NVIDIA GeForce NOW native Linux app leaves beta, Frame Generation gets lower latency
GeForce NOW for Linux is now officially available with an NVIDIA Flatpak repository. Cloud-side updates also target latency and CPU-limited games.
Xdinary Heroes' Gunil leaves band and JYP Entertainment after fan insult allegations
The drummer is terminating his contract with JYP Entertainment over the controversy, with the band set to continue as a quintet.
PENN Entertainment (PENN) Stock Looks Cheap On Sales While Online Risks Linger
PENN Entertainment has put long term shareholders through a rough ride, with the share price down about 71% over the past 5 years, yet the stock now screens as cheap on several valuation checks. Recent news around stronger physical casino performance and increased iGaming investment has refocused attention on whether the current price reflects the company’s mix of mature retail assets and a more competitive online business. The roughly 71% share price decline over 5 years leaves PENN...
Study finds structural weaknesses in N.Y.'s sprawling ethics system
Those problems, the report says, can leave watchdog agencies vulnerable to the political officials they oversee.
White House press secretary Karoline Leavitt to leave at month's end
Leavitt, 28, just recently returned to the White House after taking a brief leave for the birth of her second child in May
White House press secretary Karoline Leavitt to leave at month's end
Leavitt, 28, just recently returned to the White House after taking a brief leave for the birth of her second child in May
White House press secretary Karoline Leavitt to leave administration
She will leave the administration at the end of August, President Donald Trump announced in a post on Truth Social on Wednesday.
White House press secretary Karoline Leavitt leaving role, Trump announces
White House press secretary Karoline Leavitt will leave her role at the end of August, President Donald Trump announced Wednesday.
I tried to fly business class and leave my kids in coach. It didn't end well
Chalk it up to a failed experiment.
Altuve leaves game at the Giants after taking a pitch to his left foot
The Astros called it a bruised foot for Altuve, who manager Joe Espada said was sore.
Storms leave over 729,000 homes and businesses without power in US Midwest
Over 729,000 homes and businesses were without power on Wednesday as severe storms battered the U.S. Midwest, according to data from PowerOutage.us.
In Wisconsin, the Centrists Strike Back With David Crowley’s Win | WSJ Politics Newsletter for Aug. 12
Plus, President Trump secretly switched planes to leave Turkey last month, and Zohran Mamdani discovers that running New York isn’t that easy after all.
Close Trump aides — but no Cabinet officials — made secret catering truck move
The president was accompanied by some of his most loyal aides but no top administration officials as he made the clandestine move to a different plane to leave Turkey last month.
HSBC global insurance business head Moncreiffe to leave, sources say
HSBC's global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, according to two people with direct knowledge of the matter.
Inside Iowa Politics: What Sen. Ernst wants to do before leaving office
Sen. Joni Ernst confirmed what she wants to accomplish before she leaves Congress.
Inside Iowa Politics: What Sen. Ernst wants to do before leaving office
Sen. Joni Ernst confirmed what she wants to accomplish before she leaves Congress.
Myles Lewis-Skelly transfer news: Chelsea and Man Utd turn down intermediary offer to sign Arsenal teenager
Latest transfer news and headlines as Newcastle are exploring a move for Benfica right-back Amar Dedic; Aston Villa have reached a verbal agreement to sign Matteo Ruggeri from Atletico Madrid; Kyle Walker is a target for Everton; Paul Pogba is set to leave Monaco
Tony Romo’s CBS future remains uncertain as network says it’s still ‘assessing’ his fate
Romo has been placed on indefinite leave after a drunk driving arrest.
Today’s clicks can reveal tomorrow’s breakthroughs
The trail of likes, shares and downloads we leave across the internet could help predict successful innovations years in advance.
Pickup truck accident in Egypt's Ismailia leaves 15 dead, health ministry says
Fifteen people were killed and 32 others were injured when a pickup truck carrying workers rolled over in Egypt's Ismailia Governorate, the health ministry said on Tuesday.
A pain point in my schedule led me to leave Citadel to found a startup
Maria Cabral Menezes, 27, would work out before her job at Citadel every day. Her smelly gym bag gave her an idea for the company she's now building.
Report: Trump used elaborate ruse to leave Turkey amid Iran threat
According to the report, he was secretly shuttled to a smaller plane — an Air Force C-32A — via an airport catering truck
An Elaborate Ruse: Trump Secretly Used Military Jet to Leave Turkey Amid Threats
President Trump hid in an airport catering cart and was taken to a military jet for a secret flight out of country after the NATO summit last month.
No Game Has Ever Needed Early Access More Than 1666: Amsterdam
Panache Digital Games' upcoming adventure game is interesting conceptually, but its early hours leave a lot to be desired.
1. Self-Certification System Leaves Small Business Contracts Unverified 2. Federal Contracting Relies on Firms to Police Own Size 3. Size Protests Emerge as Primary Small Business Eligibility Check
How small businesses self-certify for federal contracts with minimal SBA oversight. Explore size protests and eligibility verification gaps affecting...
Twice’s Jeongyeon leaves JYP after 11 years, joins Varo Entertainment
Jeongyeon of Twice on Monday announced her departure from JYP Entertainment after 11 years, but will continue her activities with the group. In a handwritten no
There’s life beyond Aussie super pace trio: Tony Dodemaide
Tony Dodemaide, who is managing Australia’s development squad that is currently training in Chennai, and is also part of the national selection group, explained that the tight international schedule leaves little room for a conventional warm-up fixture. Australia’s fourth Test against New Zealand is scheduled to finish on Jan 8, while the first Test of Border-Gavaskar Trophy is slated to begin on Jan 21.
KFF HEALTH NEWS: Medicaid Work Rule Leaves Homeless People in the Cold
By Katheryn Houghton KFF Health News August 6, 2026 MISSOULA, Mont. — Tywon Pugh has seizures that make it hard to find and keep a job. “They called me a ‘liability to the job site,’” Pugh said, recalling the words of his manager when a seizure cost him his last job at a fast-food restaurant
I tried to fly business class and leave my kids in coach. It did not go well
Chalk it up to a failed experiment.
‘Highlander’ star Christopher Lambert leaves Pittsburgh fan convention early after health scare
Lambert reportedly suffered a sudden medical emergency and collapsed while signing autographs before being taken from the convention hall via ambulance.
FULL SHOW: Inside INdiana Business 8/9/26
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‘Everybody can’t leave’: East Carroll Parish’s health lags behind, but community finds hope
"People want to have quick answers ... but there isn't just one simple solution to make it go away."
Ty Johnson, Connor McGovern leave practice with injuries
| WGR Sports Radio Buffalo
"I bring receipts!" Sheriff Paula Dance says she will expose the "underbelly of politics"
Pitt County Sheriff Paula Dance posted to Facebook today for the first time since July 17th, stating that she took a temporary leave to protect her Peace."Hey e
Man living inside 'The Last House' billboard in daring Netflix stunt
With Hollywood billboards everywhere you look, Angelenos know it takes a lot for an advertisement to leave an impression, and so Netflix got to work.
Ted Cruz’s college sports bill on brink of U.S. Senate vote
The Protect College Sports Act gained a burst of momentum with last week’s support from the SEC and Big Ten, but the clocking is ticking as the Senate prepares to leave town.
The creatures born from code: Generative AI threatens to upend citizen science records
You need to tread carefully among the leaf litter of the Indonesian scrubland and its tropical rainforests. The dead leaves might seem caught in a gentle breeze, but there's more here than meets the eye. ...
Peru Heals Rift With Mexico by Freeing Leftist Politician
Peru’s government cleared an embattled former prime minister to leave the country and travel to Mexico in a move that eases diplomatic tensions between the two estranged Latin American countries.
"My tattoo business was the trigger for Base44"
Yuval Shlomo reflects on how the business she built sparked the creation of Base44, the AI company founded by her husband, Maor Shlomo, as she leaves tattooing behind for a career in tech.
Scientists studied animal bones in South Australia’s underwater caves; those near light carried algae marks while bones in total darkness remained remarkably pristine
Animal bones resting on the floors of South Australia's underwater caves are revealing far more than the identity of the creatures they once belonged to. According to a new study published in PLOS One, the cave environment itself leaves distinct "fingerprints" on bones, helping scientists reconstruct how they were deposited, the environmental conditions they experienced after deposition, and the processes that affected their preservation over time.
Mitch McConnell leaves rehab center to continue recovery from fall at home
Republican senator, 84, was taken to hospital after fall in June and has been absent from Senate since
McConnell leaves rehab facility, continues recovery from home
Sen. Mitch McConnell says he has been discharged from rehab and will continue recovering at home while staying engaged in Senate business.
Braxton Jones, Montez Sweat left Bears practice early
The Bears had players on both sides of the line of scrimmage leave practice early on Thursday.
Bill Belichick Announces His Son, Steve, Is On Medical Leave
North Carolina football coach Bill Belichick revealed Thursday morning that his son, Steve, has been placed on medical leave. Steve Belichick is entering his second season as North Carolina's defensive coordinator. Although the program struggled in 2025, his defense was one of two units in the ACC ...
Medicaid Work Rule Leaves Homeless People in the Cold
Conservatives who have long pushed for Medicaid work requirements often said vulnerable people would get a pass. But the federal government’s list of exemptions left off homeless people.
Trump said Qatari jet was destined for his library. That may change
A White House official says no final decision has been made about which plane will go on display at the Trump presidential library. That leaves the fate of the Qatari jet unclear.
Scandal Leaves North Carolina G.O.P. With No Candidate and Little Time
Representative Chuck Edwards’s decision to drop his re-election bid amid sexual harassment charges came as a Democratic farmer, Jamie Ager, was already making inroads.
CEO Jackson to leave Flutter Entertainment
As of October 1, Peter Jackson will no longer be CEO of Flutter Entertainment. He will stepping down at the end of September, to be replaced by Flutter Internat
Whoopi Goldberg suggests she’d exit ‘The View’ if she was richer
Whoopi Goldberg has suggested that she’d leave ‘The View’ if she had more money: ‘Don’t know if I’d still be doing the show,’ she told actress Keke Palmer in a new podcast interview.
The startup idea that convinced a UW computer science legend to leave Google after 27 years
Jeff Dean, who earned his computer science Ph.D. at the University of Washington, is leaving Google after 27 years and taking three of the company's top AI researchers with him. Their startup, Discovery Loop, aims to automate the scientific method itself, and Google is helping fund it.
Johnston & Engels can't leave before play-off
John Collins says Celtic must not cash in on key duo Alistair Johnston and Arne Engels until after their Champions League play-off. Martin O'Neill's side face LASK in Europe later this month, having failed at the same stage against Kazakh side Kairat Almaty last term. Canada right-back Johnston is wanted by Everton, while Celtic have turned down a bid from West Ham for Belgium midfielder Engels.
Exclusive | Into the woods! Big Apple business exodus leaves Upstate brokers scurrying to meet 'snowballing' demand
McConnell's absence puts Trump agenda at risk as Kentucky succession questions grow
Andy Beshear says the Aug. 3 deadline has no legal impact on his options, but Mitch McConnell's absence leaves Republicans one vote short on key items.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. I am particularly pleased that it goes out for free to thousands of subscribers around the world. But, writing this newsletter takes a lot of work. If you are enjoying it and would like to support the project, sign up for one of the subscription options here. It is the equivalent of a fancy cup of coffee per month! Subscribe
Paid Leave is helping workers — and businesses like mine
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Acoustirats and Jordan Lauterbach to Perform at LI Music & Entertainment Hall of Fame on Aug 23rd
As part of the Long Island Music and Entertainment Hall of Fame Soundtrack to Summer Series, the band Acoustirats will perform LIVE music and Comedian Jordan Lauterbach will open with comedy set at the Long Island Music and Entertainment Hall of Fame in Stony Brook Village (97 Main Street, Stony Brook, NY) on Aug. 23th from 3-4pm. The event is free for members or with general admission ticket purchase or $10 at the door concert ticket purchase. For details on this and upcoming events please visit https://www.limusichalloffame.... About AcoustiRats AcoustiRats is an acoustic duo dedicated to stripping Good Rats classics down to their raw, essential form. Fronted by Stefan Marchello, lead singer and 36-year veteran of the Good Rats, alongside guitarist Matt McCarthy, who also did a run on guitar with the band. Between them, they've got decades of Good Rats DNA in their blood. After years of playing these songs loud and electric, Stefan and Matt are thrilled to break them down to the bare bones. No frills, no amps cranked to 11 — just voice, acoustic guitar, and the songwriting that made the Good Rats legendary. It's the same attitude and stories fans know, delivered in a raw, intimate format. For diehard Good Rats fans, it's a new way to hear the classics. For first-timers, it's proof that great songwriting doesn't need to be loud to hit hard. About Jordan Lauterbach Jordan Lauterbach is a fast-rising comedian who features prominently in clubs around the country. His autobiographical style and supreme wit keep audiences laughing for hours after they leave the club. Lauterbach is likable, relatable, and tremendously funny. He has opened for some of comedy's best and is quickly carving out an audience of his own.
Upcoming Science Cafe
BAR HARBOR—Join us for a fascinating Science Cafe with environmental toxicologist Nishad Jayasundara, Ph.D., as he explores how everyday contaminants and other stressors such as heat exposure may be quietly influencing kidney health. Chronic kidney disease (CKD) affects nearly 1 in 7 adults in the United States—and more than 840 million people worldwide. While factors like diet and genetics are well known, scientists are increasingly uncovering another important piece of the puzzle: environmental exposure. Drawing on his team’s research, Dr. Jayasundara, Maine INBRE alum as a College of the Atlantic undergraduate student and past MDI Bio Lab Visiting Scientist, will share how early-life exposure to environmental toxins can disrupt kidney development, and may affect kidney structure and function in adults. Blending cutting-edge research with real-world relevance, this Science Cafe will shed light on an important and often overlooked contributor to human health—and what it could mean for communities around the world. Monday, August 17, 2026 at 5 p.m.Hybrid event at Maren Auditorium and via Zoom Register Now What Are Science Cafes? MDI Bio Lab’s Science Cafes provide an informal introduction to ground-breaking biomedical research by its scientists, scholars from near and far and from local experts in other fields as well. Each Cafe lasts about one hour; the floor is open for questions and discussion. It can get lively and it’s always engaging. MDI Science Cafes are open to the public and free of charge. For more information, or to watch past events, visit our website. The MDI Science Cafe Series is brought to you by Cross Insurance. Subscribe Share Leave a comment
We tried living in a city for a year; decided to stay, leave suburbs
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A Putin critic leaves Russia after he is barred him from running for parliament
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Let’s do science: Share your wild turkey sightings
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I live in a rent-stabilized apartment in New York City; can't leave
My rent-stabilized apartment in New York City's West Village has drawbacks, but they don't outweigh the good deal it is to live here. I can't leave.
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