Nvidia's US$5 trillion valuation is bigger than the GDP of Germany, Japan and India

Nvidia is now a US$5 trillion company. That is mind boggling, knowing that just a chip maker's worth can be bigger than the GDP of Germany, Japan and India. In Global GDP ranking it will be the third biggest economy in the world. Believe it or not?

India, with 1.4 billion population working their guts out cannot even compare its GDP to a chip maker. Germany and Japan, the kingpins of manufacturing in the world, even despite their problems, also have a GDP that cannot compare to a chipmaker. Soon, Nvidia will overtake China as the second biggest economy in the world and fighting against the USA for world No. 1, LOL.

The USA Government itself is investing in all the technology giants and slowly gaining control of them. Money printing is helping their shares to shoot to the moon, on top of all the money shuffling between those companies. It is just like the Japanese 'Keiretsu' system of intercompany investments, that is now the cause of all the woes in the Japanese economy.

Richard Wolff, the economist said that he was afraid of what was going to happen months ago and now is saying that he is terrified of what is expected to happen. Trump will call it a hoax anyway.

Let us just watch how that big, beautiful balloon is being blown and how it is going to burst.


Anonymous

Trump flew all the way to South Korea to kiss Xi's ass

 Whe Trump launched his tariff war, be bragged about world leaders coming to kiss his ass. He was right as many world leaders did go to Washington to kiss his ass, especially American colonies and cronies. China and Russia and the BRICS countries were different. They couldn't careless about Trump and his tariffs.

Trump in his deluded D grade mind believed that Xi would also be coming to kiss his ass. When this did not happen, he increased his tariffs, imposed more sanctions and export control, thinking that it would work. Again nothing happened.

Subsequently Trump changed his tactic by making wild calls that he would be meeting Xi here and there. Again nothing happened. The world noticed that it was Trump that wanted to kiss Xi's ass and was begging Xi for an audience. Throughout the pitiful saga, Xi remained reticent, not saying a word while Trump jumped around, pulling his hair to wit's end.

Trump was so desperate to want to kiss Xi's ass that he again made a public announcement, without any confirmation from Xi, that he was flying to South Korea to meet Xi. Trump's visit to the APEC Meeting was just an excuse. He flew to South Korea only for one reason, to meet Xi. Xi kept Trump in suspense, without saying yes or no until the eve of the 30 Oct meeting.

If Xi did not agree to meet Trump, his trip to South Korea would be a waste of time. And because of this desire to meet Xi, Trump also made a side trip to Japan where he exposed his vulnerability of being a very sick person. It was very obvious that Trump was taking very potent drugs to keep up the appearance that he is well. But when the drug did not work fast enough, he was exposed as a dead man walking. He was moving around in the presence of Japanese PM and ministers like zombie Biden, not knowing why he was there, not knowing where to move to, needed to be guided in every step he took. Without the drugs they are pumping into his 79 year old body, Trump would be no different from Biden.

Immediately after meeting Xi in Busan, Trump flew back home, skipping the APEC Meeting that he pretended to attend, would have no choice but to attend to put on a show if Xi refused to see him. Yes, Trump flew all the way from Washington to Busan, South Korea, just to kiss Xi's ass. Karma for bragging too much. He was lucky that Xi was kind to meet him and even offered him a big present to bring home.

Singapore must not allow medical fees to be hijacked by profiteering rackets like the USA

SINGAPORE: Expanding fee benchmarks for private hospitals may bring greater price transparency and modest savings, but authorities must look beyond pricing controls to tackle the root causes of rising healthcare costs, doctors and experts said.

Health Minister Ong Ye Kung earlier this month announced plans to benchmark additional private hospital charges beyond the professional fees already covered, including surgeon, anaesthetist and inpatient attendance fees.  CNA

The cost of American healthcare has reached ridiculous and expensive level that the average Americans are no longer able to afford them, especially those without medical insurance coverage. It is as good as a failed system. Medical care is an essential service and allowing the profit making motive to run this profession and industry is ethically and medically immoral. When life is concerned, no one can put a value to it and some inscrutable practitioners in the industry have taken advantage of this weak point to demand a hand or leg for medical treatment.

Singapore has this practice of learning from the best practices of other countries. The USA and the West are not the best examples in managing the cost of healthcare. A good example to follow is China, when healthcare is widely and affordably available to every citizen. There is no need to demand a pound of flesh to treat a patient like in the West. Healthcare is an essential service to be provided by the state for the good health of its citizens. A sick population due to unaffordability to access healthcare is the root cause of a sick country and must not be allowed to happen.

The govt has a big role to play to keep cost of health care down, really affordable to the average citizens. A good example is the cost of a tooth filling. It used to be $30 or $50 per filling in a normal case. How much should a filling cost today that is reasonable? $100? or $200? My last experience was that I had to pay more than $200 out of pocket for a simple filling. And this is after minusing all the subsidies from the govt. The actual bill was something like $500! Can you imagine that? They added a lot of other sundries to inflate the bill and the actual out of pocket fee to be paid by the patient is still more than $200. Is this fair, justifiable? What is the govt going to do about this?

This is only a small example of the rising cost of medical care in Singapore. The govt is responsible to control the cost of medical care and stop all the abuses going on. There are so many ways to inflate the cost of medical care that should not be allowed, and the govt must step in and end to it.

The cost of Singapore's healthcare should not go the way of the Americans and the West. There are many super rich making their homes here. They can get the best healthcare at the best prices that would not hurt their pockets. But many Singaporeans are not super rich. Some are super poor, especially the unemployed and retirees. The subsidies for seniors, CHAS card and Pioneer/Merdeka card holders no longer benefit from them. When these subsidies were first introduced, these cardholders could get dental treatment without having to pay anything out of pocket for simple procedures. The subsidies were enough to cover the dental fees. Now after the subsidies, another couple of hundreds are needed says that something is grossly wrong with the system.

This unreasonably high cost of medical fees, especially basic dental care, must be looked at immediately. This is not a joking matter. It has been happening for far too long and looks like no one wants to do anything about it. Perhaps thinking that this is reasonable!

Trump and Netanyahu need more time to kill more Palestinians to take over Gaza

Trump and Netanyahu are just the two main characters in an opera - when one sings the low notes, the other will sing the high notes and vice versa. After the performance, they will talk to each other in plain language, the language of how to seize control of Gaza.

Their main objective is more time to kill more Palestinians to make it easier to take over Gaza. Taking over Gaza means having also to deal with the Palestinian issue - how to give them a place to return and what facilities to build when the whole country is now in rubbles. The displaced Palestinians are now living in temporary shelters and need permanent homes. Who will take them in if they cannot return to Gaza? Egypt? More likely a concentration camp in the Sinai Desert, to 'protect' them. Protect them from who is the question.

Giving the Palestinians the Bible, as they did in North America, in exchange for the land is not going to work, LOL. That means only genocide will solve the problem. There are still killings by the Israelis despite the truce being in place. We know Trump changes his mind day in and day out, depending on which side of the bed he woke up from. The next moment he will accuse Hamas of breaking the truce and it is back to square one and hugging Netanyahu once again.


Anonymous

Washington dimwits did not know chips and their important functions in new technology

The Nexperia issue exposed to us something very important about chips. High-end chips are important for particular sectors like the military, AI and top tier mobile phones. Medium range legacy chips are equally important to run other consumer products like EVs and home appliances, which covers a widely extensive market demand for them, the benefits of which had not been focused on by the USA and the West. China saw the opportunity, while the USA was and is still fixated on taking control of the top end chip market and denying China the path to reach it.

Nexperia produces just medium end legacy chips for a particular sector, the car manufacturing sector that the West ignored as unimportant for years or did not imagine its importance until now. The arrogance of the West looking down on China, thinking that chefs, laundrymen and peasants can never make or conquer the vehicle market is coming back to haunt them. China had been ramping up its facilities to produce such chips for its EVs and home appliances expansion over the years, the really hungry demand sector for chips. This was based on the older lithography machines bought from ASML and put to good use, not those EUV machines banned later. China saw the loophole and leveraged on it, while the world chipmakers were fighting tooth and nail to produce the most expensive 3 or 2 nanometer chips. Now, the shit has hit the fan over the Nexperia fiasco, and they realized that legacy chips are just as important for powering consumer products, like EVs and home appliances.

The USA and the West realized too late and was trying to use a short cut method to control the legacy chip sector, thinking that seizing Nexperia is a way to do it. In this game, China is ahead of the curve, already seeing the problem and keeping the productive capacity safely at home. The USA via the Dutch can take the nameplate and the mailbox of Nexperia, but the most valuable asset still belongs to China at home.

China will find ways to fix the high-end chips and coming up with different machines, materials and method for making them. It is just a matter of time. Now, even AI is not all about having the most expensive high-end chips, but how even lesser chips could be expertly put together to produce the same result. Moreover, what is even more important, as Jensen Huang himself admitted, is the ability to leverage AI on cheap energy, which China is able to afford, thanks to Russia.


Anonymous