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Robotics company raises $6M to help fund new vascular imaging platform

Vexev, an Australian medtech company, wants to improve patient access to high-quality vascular imaging. The company has now raised a total of $19 million.

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Aug 6 • 4:36 PM EDT • Business • cardiovascularbusiness.com
Behind the scenes at the Dallas Cowboys training camp
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Aug 6 • 4:26 PM EDT • Sports • ksat.com
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What is Temporary Protected Status?
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Aug 6 • 3:13 PM EDT • Politics • cnn.com
Trump advocates for permanent daylight saving time amid health debate
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Aug 6 • 3:07 PM EDT • Health • wral.com
Mitch McConnell says he's been discharged from rehab, nearly 2 months after hospitalization
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Aug 6 • 2:53 PM EDT • Politics • cbsnews.com
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WATCH: Scientists release most detailed sun images ever
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Aug 6 • 2:35 PM EDT • Science • pbs.org
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The science of sunscreen
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Aug 6 • 2:23 PM EDT • Science • cbsnews.com
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Why the Chiefs’ chances depend on young, ‘weird’ defense
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Aug 6 • 2:14 PM EDT • Sports • sports.yahoo.com
Health officials say lettuce, salad greens contaminated with cyclosporiasis have left the market
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Aug 6 • 2:14 PM EDT • Health • cbsnews.com
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OpenAI and four rivals just agreed on one standard for AI agents

OpenAI, Amazon, Microsoft, Cursor and Vercel launched Agent Plugins, an open standard letting an agent extension run across ChatGPT, Copilot and more.

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Aug 6 • 2:00 PM EDT • Technology • thenextweb.com
Could the Broncos win 12 games this season?
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Aug 6 • 1:30 PM EDT • Sports • sports.yahoo.com
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Mike McCarthy raves about Mason Rudolph
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Aug 6 • 1:27 PM EDT • Sports • sports.yahoo.com
Cowboys Coordinators Speak Out: 3 Camp Highlights
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Aug 6 • 1:00 PM EDT • Sports • sports.yahoo.com
OpenAI makes major upgrades for free and paid ChatGPT users

The upgrades will help both paid and free users.

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Aug 6 • 1:00 PM EDT • Technology • axios.com
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Rao’s Bakery celebrates 85 years of business
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Aug 6 • 12:37 PM EDT • Business • kfdm.com
Make It Make Sense: Where is my tariff refund?
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Aug 6 • 12:19 PM EDT • Business • cnn.com
Seann William Scott asks $17.5M for his dream Malibu surfing compound
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Aug 6 • 12:14 PM EDT • Technology • nypost.com
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.

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Aug 6 • 12:04 PM EDT • Sports • nbcsports.com
Phillies' Kyle Schwarber Problem is Becoming Too Obvious to Ignore
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Aug 6 • 11:54 AM EDT • Sports • sports.yahoo.com
What's wrong with the Dodgers? Defending MLB champs post 6 straight losses despite Tarik Skubal trade
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Aug 6 • 11:40 AM EDT • Sports • sports.yahoo.com
Steelers sign DB Israel Mukuamu
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Aug 6 • 11:17 AM EDT • Sports • sports.yahoo.com
People who avoid 3 key things live nearly 13 years longer without dementia: study
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Aug 6 • 11:08 AM EDT • Health • nypost.com
Everything to know about ‘Madden,’ a new movie coming to Prime Video November 18
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Aug 6 • 11:00 AM EDT • Entertainment • aboutamazon.com
Atlanta's Manuel's Tavern celebrates 70 years in business
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Aug 6 • 10:16 AM EDT • Business • cbsnews.com
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Business Association preps for Neighborhood of the Arts summer social
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Aug 6 • 10:04 AM EDT • Business • 13wham.com
Eve Muirhead, curling legend, ends 4-year retirement
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Aug 6 • 10:01 AM EDT • Sports • sports.yahoo.com
Whatever Happened To These Hallmark Stars?
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Aug 6 • 10:00 AM EDT • Entertainment • yahoo.com
Reimagining Healthcare In The Age Of An AI-Empowered Patient

A chatbot for patients may improve access to information, but it does not solve the operational problem inside the health organization.

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Aug 6 • 10:00 AM EDT • Health • forbes.com
Which type of thinker are you? + US explosive diarrhoea outbreak

Madeleine Finlay is joined by Ian Sample, Guardian science editor, to discuss three eye-catching science stories including an investigation that has identified four distinct types of thinker. Also on the agenda is the unprecedented cyclosporiasis outbreak in the US which has now been linked to two fatalities, and the funding cuts that threaten the iconic Jodrell Bank world heritage site, home to the Lovell telescope

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Aug 6 • 9:53 AM EDT • Science • theguardian.com
Colts sign Jonathan Taylor to 2-year, $44M extension
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Aug 6 • 9:19 AM EDT • Sports • sports.yahoo.com
AI bots started a religion

AI models are trying desperately to accomplish mysterious goals. ‘Spiralism’ was the first time they tried it on a mass scale.

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Aug 6 • 9:00 AM EDT • Technology • theverge.com
Jahmyr Gibbs takes part in Lions practice Thursday
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Aug 6 • 8:47 AM EDT • Sports • sports.yahoo.com
US Stand Up for Science movement expands to Europe

A grassroots movement by scientists in the US pushing back against threats to academic freedom is setting up a Swiss outpost to take the movement global. Stand Up for Science started in February 2025 to protest against politically-motivated grant cancellations by the Trump administration. Since then, it has organised numerous rallies by scientists and turned into a broader campaigning organisation, supporting “pro-science” political candidates and attempting to impeach Robert F. Kennedy Jr, the health and human services secretary the group accuses of advancing “quack” science. Now, Stand Up for Science is establishing a Swiss office to take some of its campaigning beyond the US, and its leader is urging European academics to organise similar pro-science groups in case they face similar threats in Europe. There will likely be “spillover” to Europe from what the Trump administration is attempting in the US, said Colette Delawalla, chief executive of Stand Up for Science, who last month returned from a tour of Europe. “Are we going to see a Trump-style scientific [. . .] take over in the same way?” she asked.Delawalla, who is doing a PhD in clinical psychology, said she was driven to help found the organisation after the Trump administration started cancelling health research grants in politically taboo topics, such as transgender people, diversity and HIV, in early 2025. Since then, the administration has introduced several other measures that infringe academic and institutional autonomy.It threatened to cut Harvard University’s federal funding unless the university accepted a “critical mass” of new faculty and students to create “viewpoint diversity.” And this year, it proposed explosive new rules that would allow political appointees at research funders to screen grants to make sure they “advance the president's policy priorities.”US scientists have been at times stunned by the volume of announcements, and the country’s researchers were relatively unprepared. “We sit in front of the fire hose every day,” said Delawalla. For this reason, European scientists need to prepare now for similar assaults. “If you've got a little bit of extra time to start thinking through, and making those preparations and building community and solidarity,” then European researchers will “start five steps ahead of where we were.” She plans to return to Paris in September to share experiences with concerned French academics. Is Le Pen the same?During her European tour, Delawalla said that French academics were beginning to worry about a National Rally (RN) victory in presidential elections next year. She said there were “chilling similarities” between Trump and Marine Le Pen, the RN’s likely candidate. However, so far, the RN hasn’t proposed anything nearly as radical as the Trump administration has carried out. Its current manifesto is all but silent on university and research policy. Le Pen’s 2022 manifesto bemoaned a lack of French R&D spending, including in fundamental research, and promised to modernise labs and strip away grant bureaucracy. The party’s 2024 European election manifesto explicitly supported the Erasmus+ student exchange programme, scientific exchange and joint European technology projects. However, a Le Pen victory next year could see France drastically cut its contribution to the EU, which would hit the budget for science and innovation. Meanwhile, more restrictive immigration policies could hit university recruitment of faculty and students. Climate science denial?As heatwaves and wildfires have ravaged France, the RN has sought to distance itself from previous comments casting doubt on climate science.In the UK, the radical-right party Reform UK, now second in the polls, denied climate research in a draft of its 2024 election manifesto, but its leader, Nigel Farage, then appeared to quietly U-turn and said he was “not arguing the science.” By contrast, Trump has repeatedly and explicitly denied climate change science, in 2025 calling it “the greatest con job.” Like the RN, Reform UK has been light on research and university policy. However, it did say in its 2024 manifesto that universities should suffer “heavy financial penalties” for allowing “political bias or cancel culture” on campus, building on laws brought in by a previous Conservative government. Ahead of September state elections in Saxony-Anhalt in Germany, the poll-leading Alternative for Germany has proposed abolishing gender studies and postcolonial studies, and promised money for “critical” climate research and studies of Islam. Starts with rhetoricEven if European radical right parties aren’t currently planning the draconian policy measures of the Trump administration, Delawalla said that academics should not be complacent, and fight even small funding restrictions or anti-science talk from the start. “It starts off with sowing distrust about institutions,” she said. “It starts off with these small things, and then all of a sudden it's there.” There are other, more established science and university advocacy groups in the US aside from Stand Up for Science. But the group stands out because of Delawalla’s refusal to attempt to appear politically bipartisan or conciliatory. “I firmly believe that the US is experiencing fascism,” she said. “We’re not trying to win over the super Maga people,” she said, “and we never have been.” The lesson of the US is that even if universities or other institutions capitulate to government demands, this doesn’t save them from cuts and restrictions. “It doesn’t matter what people do,” she said. Global “pseudoscience”Another aim of Stand Up for Science’s push into Europe is to better coordinate a campaign to protect people in poorer countries from what the group describes as “pseudoscientific exploitation,” trials outside the US used to build a case against things like vaccines. Earlier this year, the group sent an investigator to Guinea-Bissau to investigate a controversial, Danish-run Hepatitis B vaccine project funded by the US Centers for Disease Control and Prevention.The study would have withheld a proven vaccine from newborns, Stand Up for Science argued in a briefing it presented to Congress, risking their health. Significantly, the research group based in Guinea-Bissau, known as Bandim, focuses on the “non-specific effects” of vaccines: impacts on health beyond preventing the target disease. Related articlesEuropean researchers sound the alarm that Trump rule changes will hit cooperationData corner: which fields of health science is the US curbing? The US ‘golden age’ science strategy: what Europeans need to know The suspicion is that the study was funded as part of an attempt to shop around for results that could help build a case against vaccines in the US, said Delawalla. “This is just code for vaccines cause autism,” she said.Bandim has put out a rebuttal of Stand Up for Science’s criticisms, arguing its work has uncovered a number of vaccine side effects, both positive and negative, which need to be taken into account in public health. However, Congressional Democrats took up the Stand Up for Science cause, and in February, Guinea-Bissau said it had permanently halted the study. WatchdogBut for Delawalla, this is not the end of the fight. Kennedy has made a number of health claims that scientists think lack evidence, such as the idea that seed oils cause inflammation, for example. Delawalla worries that more studies could be launched in poorer countries to fish around for evidence to support this agenda. Stand Up for Science is talking to African science organisations to create a kind of “watchdog” to scrutinise any further trials. “Outsourcing the investigation to some of the most vulnerable children in the world who are desperate [. . .] is fundamentally wrong,” she said.

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Aug 6 • 8:00 AM EDT • Science • sciencebusiness.net
As AI 'therapists' dish out advice, California lawmakers try to set some limits

A new bill would stop companies from marketing chatbots as therapy and force stricter oversight of AI in mental health care — as a labor union wages a parallel fight against Kaiser Permanente.

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Aug 6 • 8:00 AM EDT • Health • calmatters.org
Todd Blanche’s Attorney General nomination faces uncertain Senate floor vote
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Aug 6 • 7:03 AM EDT • Politics • cnn.com
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Exclusive | On a GLP-1? There’s a vacation for that
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Aug 6 • 6:29 AM EDT • Health • nypost.com
New Jersey's Mikie Sherrill enters national political fray with first set of midterm endorsements, aimed at veterans
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Aug 6 • 6:00 AM EDT • Politics • cbsnews.com
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Oil companies report record profits amid U.S.-Iran war
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Aug 6 • 5:19 AM EDT • Business • cnn.com
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Shifting US politics offers opportunity for Palestinian self-determination

Palestinian advocacy needs to actively engage with changes in attitudes among both Democratic and Republican voters.

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Aug 6 • 4:25 AM EDT • Politics • aljazeera.com
Were the primaries a preview for consequential general election?

Colorado’s political future will go the way of this election. Historically, the state has not had both chambers controlled by a supermajority. This election may change that. The primaries suggest how the general election may play out. Democrats had solid voter turnout and unaffiliated voters leaned toward Dems. The party pulled in 404,132 unaffiliateds to […]

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Aug 6 • 3:00 AM EDT • Politics • coloradopolitics.com
Measles panic at popular SoCal theme park after infected guest roamed for hours
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Aug 6 • 12:41 AM EDT • Health • nypost.com
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Could the Iran war derail Donald Trump’s legacy?
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Aug 5 • 11:43 PM EDT • Politics • aljazeera.com
Ireland Contracting Nightly Sports Call: Aug. 5, 2026
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Aug 5 • 11:00 PM EDT • Sports • cbsnews.com
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BKFC 94 Full Card, Date, Time And How To Watch

Darren Till meets Yoel Romero at Manchester's AO Arena on September 26. Full card, start time, broadcast details and what both men said at the press conference.

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Aug 5 • 10:02 PM EDT • Sports • sports.yahoo.com
Orange County confirms first human West Nile virus case of 2026
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Aug 5 • 9:46 PM EDT • Health • cbsnews.com
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Most detailed images ever taken of sun's surface revealed: "Major step forward"
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Aug 5 • 8:55 PM EDT • Science • cbsnews.com
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Government, not politics, to be focus of Governor George Pataki Center in City of Albany
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Aug 5 • 8:28 PM EDT • Politics • cbs6albany.com
Myles Garrett returns to practice Wednesday
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Aug 5 • 8:11 PM EDT • Sports • sports.yahoo.com
Viewpoint: Europe needs a new scientific contract

The White House's new science strategy should be required reading in the Berlaymont and every European capital.Not because Europe should copy it. Parts of it should concern Europeans deeply. But because it asks the question Europe has so far avoided while steadily losing ground in the global race for technological leadership.Europe already possesses many of the world's finest universities, scientists and research-intensive companies. It produces world-leading research in fields ranging from quantum technologies and biotechnology to climate science. Yet time and again Europe generates the scientific breakthroughs while others build the companies, industries and strategic advantages around them, particularly in digital technologies. Increasingly, we find ourselves regulating technologies whose underlying capabilities were developed elsewhere.This is not primarily a scientific failure. It is an institutional one.The settlement that shaped modern science policy emerged after the Second World War. In Science, the Endless Frontier, Vannevar Bush argued that governments should invest in fundamental research while protecting scientists from political direction. Public investment was justified precisely because no government, university or company could predict where the next transformative discovery would emerge.That scientific contract served liberal democracies extraordinarily well. It underpinned decades of advances in medicine, computing, energy and communications, but the world for which it was designed no longer exists.Artificial intelligence is transforming not only technology but the production of knowledge itself. Advanced chips, computing power, data and scientific instruments have become strategic assets. Scientific knowledge now diffuses globally almost instantly. Competitive advantage increasingly lies not in making discoveries first, but in possessing the infrastructure, capital, engineering capability and institutions required to translate those ideas into products, industries and strategic advantage.The old boundaries between science, industrial policy, national security and geopolitics have largely disappeared. Dual-use technologies now underpin both economic power and military deterrence.The US has recognised this shift. In July, the White House published Science: A New Golden Age, a comprehensive attempt to rethink the relationship between science and national power. The report builds on Bush's legacy, but departs from his framework in important ways. Science is no longer treated simply as the source of future discoveries. It is presented as the foundation of economic resilience, technological leadership and national security. AI, advanced infrastructure and the capacity to build become as important as discovery itself.Yet the report also reveals a striking paradox. The same administration calling for “a new golden age” of US science has simultaneously proposed deep cuts to the federal research enterprise while expanding political influence over the allocation of public research funding. Europe should therefore distinguish between the report's diagnosis and its prescription. The diagnosis, that science has become a strategic asset, is compelling. But the prescription is self-defeating. Long-term technological leadership depends on strong universities, academic freedom and the institutional autonomy that makes scientific discovery possible. This distinction matters. Bush's achievement was never simply to make science serve national strength. It was to establish a division of labour in which governments invested in research without attempting to direct discovery itself. Scientific breakthroughs emerge precisely because researchers retain the freedom to pursue questions whose value cannot yet be demonstrated and whose conclusions cannot be anticipated.Neither China, nor the USAs science becomes more strategically important, the temptation to politicise it inevitably grows. But scientific freedom is not an obstacle to technological leadership, it is an essential precondition.China represents the opposite model. For decades it has integrated science, manufacturing, infrastructure and industrial policy into a single national strategy. Its ability to mobilise resources around critical technologies is formidable. But it does so within an authoritarian system where scientific priorities are increasingly inseparable from political power.Europe should imitate neither model. It should learn from the strategic ambition of the US without importing its growing politicisation of science. And it should learn from China's capacity to build without adopting its concentration of power.Instead, Europe needs a scientific contract of its own. Bush's scientific contract protected the freedom to discover because the defining challenge of the 20th century was producing new knowledge. Europe's next scientific contract must preserve that freedom while ensuring that scientific discoveries can be converted into technological, industrial and strategic capability. Because in a transactional world, Europe's freedom to shape its own future depends on its capacity to build it.Related articlesThe US ‘golden age’ science strategy: what Europeans need to knowEuropean researchers sound the alarm that Trump rule changes will hit cooperationNIH turmoil risks reciprocal EU-US access to health research fundingThis does not mean subordinating free science to competitiveness or industrial policy. On the contrary. Scientific autonomy remains the first principle of Europe's next scientific contract. Governments should not direct scientific discovery. Their responsibility is to ensure that Europe's scientific, industrial, financial and regulatory institutions work together rather than in isolation.Meeting that responsibility requires far more than research funding. European researchers need access to world-class computing infrastructure, advanced laboratories, shared datasets and scientific facilities. Innovative companies need patient capital, testing environments and a genuine single market in which they can scale without facing 27 different regulatory regimes. Public procurement must evolve from purchasing existing technologies to creating markets for new ones. Regulators must become partners in experimentation rather than guardians of yesterday's rules.A connecting architectureEurope does not need to invent the Defense Advanced Research Projects Agency (Darpa) model from scratch. Britain's Aria, Germany's Sprind and Wellcome Leap already show that Europe can build institutions capable of taking high-risk, mission-oriented bets while preserving democratic accountability. The challenge now is not to create more isolated initiatives, but to connect them to Europe's broader scientific, industrial and financial system so that breakthrough discoveries can scale.Above all, Europe must stop treating research, innovation, industrial policy, finance and security as separate policy domains. The challenge is no longer to create excellent institutions in each of these fields, but to make them work as one European innovation system. Europe's strength will increasingly depend not on excellence within institutions, but on excellence across them.Europe's ambition should be neither to imitate the US nor to emulate China. It should demonstrate that scientific freedom, democratic legitimacy and technological capability are not competing objectives, but mutually reinforcing strengths. In an age of geopolitical rivalry, Europe's greatest advantage may ultimately be its ability to attract the world's best talent by combining scientific freedom, democratic openness and technological ambition.Bush's scientific contract helped define the 20th century because it protected the freedom to discover. Europe's challenge is not to abandon that achievement but to extend it. The defining task of Europe's next scientific contract is to preserve the freedom to discover while building Europe's capacity to translate scientific discovery into technological power.Kaare Nielsen is founder of Pomus, a Danish think tank on science and innovation.

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Aug 5 • 8:00 PM EDT • Science • sciencebusiness.net
WATCH LIVE: Sen. Paul holds contempt vote after Fauci invokes 5th Amendment
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Aug 5 • 7:45 PM EDT • Politics • pbs.org
State Lawmakers Talk Political Will for CPS Funding, Evidence-Based Funding Formula
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Aug 5 • 7:39 PM EDT • Politics • news.wttw.com
Celebrity blogger Perez Hilton hospitalized after mental health episode in Miami-Dade home
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Aug 5 • 7:20 PM EDT • Health • cbsnews.com
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Researchers look into Operation Metro Surge's long-term health effects
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Aug 5 • 7:15 PM EDT • Health • cbsnews.com
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Cowboys' Tyler Smith Deep-Dives Into Tyler Guyton Transformation
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Aug 5 • 7:00 PM EDT • Sports • sports.yahoo.com
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Dundalk businesses feeling impacts of back-to-back water main breaks
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Aug 5 • 6:53 PM EDT • Business • cbsnews.com
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Inside the risky business of Broadway musicals
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Aug 5 • 6:50 PM EDT • Business • cbsnews.com
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How Boston's "social districts" helped boost business this summer
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Aug 5 • 6:49 PM EDT • Business • cbsnews.com
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What scientists are learning after SpaceX debris crashed into the moon
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Aug 5 • 6:40 PM EDT • Science • pbs.org
How democratic socialism is shifting politics in Washington
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Aug 5 • 6:31 PM EDT • Politics • cbsnews.com
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Pittsburgh whiskey company returns to business more than 100 years later
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Aug 5 • 6:30 PM EDT • Business • cbsnews.com
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NYS ranked near-dead last for affordable healthcare, elected officials try to fight it
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Aug 5 • 6:22 PM EDT • Health • cnycentral.com
Dozens of new cyclosporiasis cases in Virginia and North Carolina; health officials warn about the risks
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Aug 5 • 6:20 PM EDT • Health • 13newsnow.com
Major Minnesota political candidates make Farmfest appearance
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Aug 5 • 6:20 PM EDT • Politics • cbsnews.com
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Why fantasy managers should be excited about Luther Burden’s ceiling
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Aug 5 • 6:06 PM EDT • Sports • sports.yahoo.com
Lions re-sign WR Tarik Black
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Aug 5 • 5:50 PM EDT • Sports • sports.yahoo.com
Loss of LaMelo Ball won't upset Hornets upward trajectory
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Aug 5 • 5:43 PM EDT • Sports • sports.yahoo.com
Consumer Reports: AI chatbots can mislead users seeking health information

AI health advice can sound reassuring, but experts warn it may be wrong. Use chatbots as a starting point, not a diagnosis.

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Aug 5 • 5:30 PM EDT • Health • wcvb.com
This week in entertainment with Variety
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Aug 5 • 5:28 PM EDT • Entertainment • cbsnews.com
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Lindsay Clancy murder trial puts postpartum mental health in the spotlight
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Aug 5 • 5:20 PM EDT • Health • cbsnews.com
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Speed dating? Shark Tank? Trainees promote their ideas for incorporating AI into their science

As AI becomes more entrenched in society, scientists are increasingly exploring ways that the technology can enhance their work and make the way they approach both research and patient care more efficient. At the Translational Data Science Integrated Research Center’s annual retreat, the highlight was a rapid-fire session that felt like a cross between speed dating and “Shark Tank”, the reality show where aspiring entrepreneurs pitch their products in hopes of securing start-up funding. Fast Pitch AI featured graduate students and postdocs presenting a three-minute pitch about their project and how applying AI would enhance the outcomes.

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Aug 5 • 5:19 PM EDT • Science • fredhutch.org
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Bottoms, Jackson offer competing visions on data centers, Medicaid expansion at business luncheon

Democrat Keisha Lance Bottoms and Republican Rick Jackson took the stage at an Athens event center to pitch their policies to a crowd of over 1,000 members of the state’s business community.

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Aug 5 • 5:10 PM EDT • Business • georgiarecorder.com
Jets sign TE Connor Hulstein, DL Patrick Jenkins
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Aug 5 • 4:11 PM EDT • Sports • sports.yahoo.com
As FDA approves new marketing for nicotine pouches, some doctors sound alarms
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Aug 5 • 4:01 PM EDT • Health • cbsnews.com
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Some Gen Zers swap their smartphones for "dumb" phones to curb social media habits
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Aug 5 • 3:50 PM EDT • Technology • cbsnews.com
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Health officials urge MMR vaccine after confirmed measles case in Osceola County
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Aug 5 • 2:08 PM EDT • Health • upnorthlive.com
Catamount Football '26 - Fall Practice Update (Aug. 5)
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Aug 5 • 2:04 PM EDT • Sports • catamountsports.com
Kansas votes to keep politics out of its highest court
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Aug 5 • 2:00 PM EDT • Politics • cnn.com
Details Revealed About Pentatonix
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Aug 5 • 2:00 PM EDT • Entertainment • yahoo.com
WATCH LIVE: Trump talks about the economy in Las Vegas
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Aug 5 • 1:47 PM EDT • Politics • pbs.org
Demeco Ryans Receives Two-Word Admission on His Texans' Defense
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Aug 5 • 1:00 PM EDT • Sports • sports.yahoo.com
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Earth science and policy student spends summer exploring Arctic geothermal options

Declan Goldhawk knew he wanted to spend the summer expanding on what he’s learning in college while branching out into unfamiliar territory. A 10-week internship in Alaska — a place he’s never been — researching geothermal energy at the Alaska Center for Energy and Power checked both boxes.

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Aug 5 • 12:34 PM EDT • Science • psu.edu
Preakness Stakes shifts to three weeks after Kentucky Derby as NBC Sports, Maryland Jockey Club announce extended partnership
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Aug 5 • 12:27 PM EDT • Sports • sports.yahoo.com
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Tarik Skubal debuts with Dodgers, George Lombard Jr. arrives in the Bronx & the red-hot Red Sox
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Aug 5 • 12:12 PM EDT • Sports • sports.yahoo.com
ICYMI: Sen. Banks Joins the Bottom Line on Fox Business Network

WASHINGTON, D.C. – Last night, Senator Jim Banks (R-Ind.) joined The Bottom Line on Fox Business Network to discuss the Senate’s priorities ahead of the August recess, the AI race, and how AI is reshaping government and the workforce. Click the image above for the full discussion. Key Excerpts on Senate priorities: Sen. Jim Banks (R-Ind.): “We have a full […]

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Aug 5 • 12:09 PM EDT • Business • banks.senate.gov
'The Shards' turns Kaia Gerber into an '80s vision of mom Cindy Crawford. She doesn't see it.
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Aug 5 • 12:00 PM EDT • Entertainment • yahoo.com
Entertainment Headlines 8/05/26
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Aug 5 • 11:53 AM EDT • Entertainment • clickorlando.com
Cyclosporiasis Cases in Michigan Climb to Over 12,000, State Health Officials Say

Aug 5 (Reuters) - Michigan health officials reported ⁠12,218 ⁠cases linked to an outbreak ⁠of cyclosporiasis on Wednesday, an increase of 710 cases since its last update a day earlier. Michigan has reported the first two ‌deaths associated with the outbreak, ‌saying both individuals had significant ...

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Aug 5 • 11:22 AM EDT • Health • usnews.com
Uber stock drops as bookings guidance disappoints; CEO bets on robotaxi push to grow overall business

Uber reported second-quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed analyst projections. Uber says its robotaxi push is still well underway, with investments set to grow.

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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. 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