ITK Daily | January 18
Happy Wednesday.
Here’s today’s ITK Daily.
To be ITK, know this:
Insight | Red wine, know-how, and communications
The tradition, the knowledge, the special sauce that is only known by the vineyard and the winemaker.
The special know-how that cannot be read in books or learned in school.
The know-how can only be obtained by working in the fields, smelling the soil, tasting the grapes before harvest, working the barrels, passing down secrets, embracing apprenticeship, to proper marketing and selling your product.
I loved this added terroir concept of know-how.
Full post?here.
At Davos, mood is somber as many CEOs question economic outlook: Business leaders at the World Economic Forum worry about a possible recession, even as some see a reason for optimism.?WSJ
There’s a lot of good economic news around right now, but CEOs at Davos have never felt worse?Fortune?
2023 Edelman Trust Barometer?Edelman?
+ Fifty-three percent of respondents globally say that their countries are more divided today than in the past.
+ CEOs are obligated to improve economic optimism and hold divisive forces accountable.
PwC’s 26th Annual Global CEO Survey: Evolve or die, say 4,410 chief executives in our 2023 CEO Survey. But are they spending enough time on business reinvention? Many tell us no.?PwC
US lawmakers in Davos tell Europeans: America’s not protectionist: They’re trying to convince Brussels that Washington’s subsidy push won’t hurt European businesses.?Politico
‘Succession’ has nothing on Davos: Elite conclave mulls next leader: Klaus Schwab will stay in office until he dies, insiders say of World Economic Forum founder.?Politico
Today: Secretary of State Antony J. Blinken to address America's mayors during the US Conference of Mayors' 91st Winter Meeting.
+ Keynote marks the first time a Secretary of State has addressed the conference.
China's Liu He entices investment amid historic slow growth: Vice premier says country 'absolutely not' heading back to a planned economy.?Nikkei
US-China trade is close to a record, defying talk of decoupling?Bloomberg
+ Fight over tech curbs hasn’t yet hit the broader flow of goods.
+ ‘Draconian’ cut in trade isn’t likely, Brookings analyst says.
Blinken to test limits of China’s diplomatic engagement on February 5-6 Beijing trip: The secretary of State’s agenda is likely to include the war in Ukraine, Beijing’s growing nuclear arsenal, stalled counternarcotics cooperation, and US citizens held in China.?Politico
Why China’s new foreign minister could be a problem for Biden: Qin Gang’s cooperation could decide the outcome of Secretary of State Antony Blinken’s looming China trip.?Politico
Maximum Xi Jinping will be costly for China and its people: Lack of constraints will be felt in the economy, public health, and foreign policy.?Ian Bremmer
'The Chinese may not necessarily want to overthrow Xi Jinping': The end of the zero-COVID policy has caused a peak in the epidemic, but it marks, above all, the full-speed restart for the Chinese economy.?Frédéric Lema?tre
China’s first population decline in 60 years sounds demographic alarm?WP
China’s population falls, heralding a demographic crisis: Deaths outnumbered births last year for the first time in six decades. Experts see major implications for China, its economy, and the world.?NYT
China’s shrinking population poses problem for economic growth: The decline in population points to longer-term structural issues that will impede China’s economic growth in the future.?WSJ
China's falling population threatens its industrial and military might: Economic engine at risk with workforce set to shrink an estimated 9% in 10 years.?Nikkei
China feels the sting of a population in decline: This demographic shift has been a long time coming. It doesn’t have to be a disaster, as Beijing’s neighbors show.?Daniel Moss?
China stopped driving global growth in 2022: The GDP of the world's second-largest economy grew by just 3% last year, the worst figure on record since 1976, bar the 2020 Covid crisis.?Le Monde
Fortune: China’s historic population decline raises the possibility that India has already overtaken China in size
Guardian: Ukraine urges world leaders to intensify war efforts on first day at Davos
+ Kyiv officials ask allies at World Economic Forum to step up military supplies to defeat Russia
AP: Netherlands says it will send Patriot assistance to Ukraine
AFP: Scholz under growing pressure to OK Leopard tanks for Ukraine
Top US general meets Ukrainian counterpart near edge of war zone: WP reports it was the first in-person meeting between Gen. Mark Milley and Gen. Valery Zaluzhny. Milley shared his impressions of a Ukrainian unit training with US troops, aides said.
Kissinger sheds resistance to Ukraine joining NATO: Bloomberg reports former US Secretary of State Henry Kissinger said Ukraine joining NATO could be an “appropriate outcome” of Russia’s invasion while reiterating his call for a negotiated solution to the conflict.?
For the Arctic, the war in Ukraine means a geopolitical reshuffle: Russia holds the rotating chairmanship of the Arctic Council, putting many essential projects on hold due to its invasion of Ukraine.?Le Monde
An examination of the truly dire state of Germany's military: Last February, German Chancellor Olaf Scholz announced that the country would invest substantially in its military. But not much has happened since then. And now Defense Minister Christine Lambrecht has been replaced.?Der Spiegel
Scholz is a wartime chancellor, whether he likes it or not: The German leader and his new defense minister have a big decision to make on supplying tanks to Ukraine.?Constanze Stelzenmüller
Qatargate: Italian court rules Panzeri’s daughter can be extradited: Belgian authorities believe Silvia Panzeri was fully aware of her father’s activities.?Politico
France braces for 'hellish Thursday' as pension strikes loom: The industrial action across different sectors will be the first time in 12 years that all of France's unions are united.?Le Monde
Italy’s Meloni seeks to resurrect ‘mythical’ Sicily bridge project: Contentious Messina span seen as investment catalyst but confronts local resistance.?FT
After 220 years, the fate of the Parthenon Marbles rests in secret talks: The British Museum and Greece’s prime minister are getting closer to a deal on returning the so-called Elgin Marbles to Athens. But key differences remain.?NYT
Turkey’s top diplomat to travel to US amid troubled ties: AP reports Turkey and the United States will aim to smooth out a series of disagreements between the NATO allies when the Turkish foreign minister visits Washington this week. But expectations that outstanding issues can be resolved are low.
James Bay lithium mine wins federal approval amid Trudeau's push to make Canada an EV player: Quebec mine must adhere to 271 conditions, including measures to protect the environment.?FP
Why Harris world thinks she may be the biggest winner of the midterms: No longer tied to the Senate, the vice president feels comfort and flexibility as she hits the road on abortion, climate, and other issues.?Politico
领英推荐
Maryland’s first black governor gives Democrats hope after a Biden White House: Wes Moore takes office this week as the nation’s third Black state executive.?Bloomberg
McCarthy and McConnell, seen as polar opposites, must lead a fractious GOP: Colleagues say their styles are completely different. But fiscal showdowns on the horizon mean the duo will need to work together.?WP
Billions at stake as online fundraising practices turn off voters: Declining return on investment on digital list-building and concerns from surveys of donors have online fundraisers worried.?Politico
Ron DeSantis takes on the likability issue (sort of): The GOP’s great hope to defeat Trump is hot on Fox but cold on the stump and in the VIP line. Will it matter??Jonathan Martin
+ How much does retail politics still matter in presidential campaigns?
Trump to be joined by Graham, McMaster at January SC event: AP reports Trump will be at the Statehouse in Columbia on January 28 and will unveil his South Carolina leadership team, according to a person familiar with the plans.
Banks’ shot: Rising conservative dives into Indiana Senate race: The Hoosier congressman is hoping to crowd out any potential challengers early, including former Gov. Mitch Daniels, citing his conservative bona-fides.?Politico
The rise and fall of the Bush family dynasty: Looking back on the Bush family’s rise to power.?Texas Monthly
+ You need this, trust me. Total Communications Reset. More?here.?
How Intel’s CFO threads the needle on geopolitics — and more: Chief financial officer David Zinsner explains how Intel navigates ticklish terrain at home and abroad and details his approach to creative financing.?MIT
How Apple tied its fortunes to China: The company spent two decades and billions of dollars building a supply chain of unprecedented sophistication. Now, a reckoning is coming.?FT
+ Cook and his company are now under intense pressure from investors and US politicians to “decouple” from China and accelerate a diversification strategy that already has some products assembled in Vietnam and India.
+ Apple itself estimates that since 2008 it has trained at least 23.6mn workers on their rights — more people than the total population of Taiwan.
+ What China offers is not simply labour, he says, but an entire ecosystem of processes, built over many years. Its topography is difficult to describe, but Apple and its Chinese partners have mastered it.
+ Insight | The geopolitics of Apple Caracal
US tech firms are replacing workers with cheaper talent in Latin America: Poaching and coaching novice developers is local startups’ only solution.?ROW
Tech's future is in smart glasses, Qualcomm CEO says: 5G will unleash innovation in India, Bharti chairman predicts.?Nikkei
Looming Twitter interest payment leaves Elon Musk with unpalatable options: Billionaire faces tough choices to meet financial obligations of takeover financed by $13bn debt.?FT
+ The first installment of interest payments related to $13bn of debt he used to fund the takeover could be due as soon as the end of January. That debt means the company must pay about $1.5bn in annual interest payments.
The crypto collapse and the end of the magical thinking that infected capitalism?Mihir A. Desai
+ "Who needs governments, banks, the traditional internet or homespun wisdom when we can operate above and beyond?"
+ Mihir A. Desai is a professor at Harvard Business School and Harvard Law School.
What’s the true value of crypto? It lays bare the lies of libertarians: The downfall of the FTX cryptocurrency exchange proves how much markets need rules.?Zoe Williams
Getty Images is suing the creators of AI art tool Stable Diffusion for scraping its content: Getty Images claims Stability AI ‘unlawfully’ scraped millions of images from its site. It’s a significant escalation in the developing legal battles between generative AI firms and content creators.?The Verge
+ AI tools rely on human-created images for training data, which companies scrape from the web, often without their creators’ knowledge or consent.
+ AI firms claim this practice is covered by laws like the US fair use doctrine, but many rights holders disagree and say it constitutes copyright violation.
GM’s new hybrid Corvette will be its fastest yet: WSJ reports the Chevrolet sports car will go on sale later this year, with a starting price of just over $104,000.
Europe heads to space as it unveils Arctic satellite launchpad: Le Monde reports to meet the expected increase of minisatellites being sent into space, about fifteen spaceports are currently under development in Europe.
Airbnb feels like staying with a cheap, uptight friend – then paying for the privilege: Once, it seemed an economical and adventurous alternative to a hotel. But I doubt I’ll be using it again.?Arwa Mahdawi
The personal brand paradox?Debbie Millman
+ @PolemicTMM: Restaurant observation.
Fish on a menu charged at 'market price.'
If only it were.?
It's always at 'restaurant price.'
Who's to judge? How the World’s 50 Best Restaurants are chosen.?Lauren Collins
Marcel Duchamp painted this explosive nude masterpiece. Then he quit.?Modern art’s most influential trickster was hatched from the controversy surrounding “Nude Descending a Staircase (No. 2).”?WP
+ "Don't try to out-happy, happy." -- Jim Harbaugh
How Erling Haaland became the most terrifying young striker in the world: Sitting down with the 22-year-old Norwegian nightmare.?GQ
Manchester United: Sir Jim Ratcliffe enters takeover race: Chief executive of Ineos confirms he is seeking to buy the club from the Glazer family.?The Times
Enjoy the ride + plan accordingly.
-Marc?
Marc A. Ross | Chief Communications Strategist @ Caracal
Caracal produces ITK Daily.
Geopolitics is disrupting every business and industry.
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Caracal is a geopolitical business communications firm specializing in global business issues at the intersection of globalization, disruption, and politics.
Caracal believes that to be a world-class geopolitical business communicator, you need global street smarts coupled with holistic, high-frequency, and high-low communications.?