What We Are Watching: China’s National Outrage Machine

China's outrage against Swiss bankers – Paul Donovan, an economist at UBS and a former colleague of your Wednesday Signal author, ended up in hot water last week after he wrote that an outbreak of swine fever that had pushed up pork prices in China, "matters if you are a Chinese pig. It matters if you like eating pork in China. It does not really matter to the rest of the world." The Swiss bank put Donovan on leave after a nationalist tabloid picked up the story, unleashing a torrent of invective from angry Chinese citizens, industry groups, and clients. Although we're a bit puzzled at the intensity of the outrage, we're following this story closely. The anger of 1.4 billion people is a powerful thing, and if the US-China standoff over tech and trade continues to escalate, US firms could soon find themselves on the receiving end.

What we are ignoring: Trump on ICE

Trump's Deportation Threats – As Donald Trump revved up his official reelection campaign in Florida on Tuesday, he took to Twitter to vow mass deportations of "millions of illegal aliens" starting next week. We are ignoring this for two reasons: First, it looks more like a campaign trail stunt than a well-thought-out plan — the scale of deportations Trump envisions would require massive logistical coordination, and it's not clear that Immigration and Customs Enforcement (ICE) can deliver it — even if the federal force got help from local police, who may be reluctant to participate in mass arrests in their communities. Second, while this type of rhetoric may play directly to Trump's base, images of crying children torn from their parents will galvanize the president's opponents — and, in particular, the suburban women crucial to his 2016 victory. We're not ignoring the pain and trauma that mass deportations would inflict on immigrant communities if Trump delivers on this threat. We're ignoring a boast that's likely to prove a political bust.

Technology is changing the way modern geologists locate precious resources and harness energy. With supercomputers capable of processing geophysical data from all over the world, geologists are reconstructing models of the subsoil to identify hydrocarbon deposits. The efficiency of these powerful data processors can scan massive rock formations to help laboratories analyze geological systems. While today's modern geologists still have a compass and hammer to collect samples, petaflops of computing power are changing energy research at lightning speed.

Learn more at Eniday: Energy Is A Good Story

Are e-Cigs an example of tech gone wrong?


There's a real tradeoff in e-cigarettes. To the extent that people stop smoking regular cigarettes to use e-cigarettes, that's good. To the extent that new people who wouldn't have been smokers, particularly young people, start smoking, that's bad. Now there are real societal problems and health problems and the data show that there are lots of new people starting to smoke. I don't think of it as much as a tech problem though or tech gone wrong as much as a social problem.


Moviepass has shut down. Final thoughts?


Moviepass was this insane business. You pay them ten dollars a month and then they let you see all the 2D movies you want. That was one business plan. They had about 20 business plans. It's kind of just, there lots of tech companies where the business model is: pay us a dollar and we'll pay you two dollars. And then they say to the venture capitalists: "Look we're growing. Give us more money." Of course that's going to run out.


Nostalgia. What's the next old tech about to make a resurgence?


Snapchat. A year ago, it looked like they were poached. That Instagram was just going to knock them out. And now, everybody's using Snapchat again.

Following another inconclusive election this week, Israel's politics are in turmoil, and the man at the center of the battle to form the next government is neither the embattled prime minister nor the opposition leader who appears to have bested him.

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Justin Trudeau's Bid to Save Face – Canada's prime minister shouldn't play dress-up anymore. An unfortunate series of outfits he and his family wore during a visit to India in 2018 drew widespread mockery, and now there are old photos and video of Justin Trudeau wearing brown and black makeup on separate occasions at costume parties years ago. Trudeau has acknowledged that the costumes are racist and apologized profusely. It'll be up to Canadian voters to decide on October 21 just how seriously they take these spectacular lapses of judgment and good taste. In the meantime, Signal readers can enjoy this video of Trudeau throwing himself down a flight of stairs.

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30: A U.S. drone strike aiming to hit an ISIS stronghold in Afghanistan, killed at least 30 civilians. There are around 2,000 ISIS fighters in Afghanistan, but some have been known to switch alliances between different insurgent groups, according to the US military.

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