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The Trump-Xi Beijing Summit: What the Smiling Handshakes Won't Tell You

On Thursday, Donald Trump will walk into the Great Hall of the People in Beijing, shake Xi Jinping's hand, and declare it a great meeting. There will be announcements. There will be numbers — billions of dollars in Chinese purchase commitments, a new bilateral mechanism with an important-sounding name, possibly a joint statement on Iran. Trump will post on Truth Social. Markets will rally briefly. Pundits will argue about who won. None of that will tell you what actually happened. What is actually happening in Beijing this week is something more consequential and more uncomfortable than the summit theatre will reveal: two leaders of two deeply mutually dependent superpowers, both of whom need this meeting to succeed for entirely different reasons, sitting across a table in a world that has already moved past the assumptions that defined their last nine months of negotiations. The Iran war changed the equations. The rare earth gambit changed the power balance. Taiwan is sitting in...
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Amazon to open a digital-books library [Report]





Image: Unesco

According to people familiar with the matter, Amazon is in talks with books publishes to open a NetFlix Inc. type service which would allow users to read these books by paying an annual fee. Publishes though do not seem to happy with the idea as it might actually lower the value of the books they feel. Amazon on the other hand seems to be pushing this more for older tittles. This however will benefit readers as they get to choose what they want to read and rent it our for a few days. Users can browse through the library content and take their time in selecting books they would like to read. However how will this benefit publishers., with sales of real books falling and the sale of e-books rising. Publishers it seems are not attracted to such a proposition and would rather that people actually go out and by their books. which also makes a lot of sense as some effort should be involved in getting nice books. This also leads to word of mouth sales and the whole thing associated with buying and reading good books. What do you think about such an idea please share your thoughts in the comments section below.



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