Semiconductor Capex Soars. Is It Misdirected?

Legislation now in play in Washington aims to provide as much as $52 billion in loans, guarantees, and other incentives to technology companies for retrofitting US-based chip manufacturing. That seems logical, if not politically expedient, at a time when US households are being deprived of consumer goods because of a global chip shortage.

Vietnam Captures Global Coffee Trade

Which country is the world’s largest coffee producer? You would guess correctly with Brazil. But the world’s second largest? The answer is Vietnam. Producers based in Buôn Ma Thuột—the city at the heart of the Vietnamese coffee industry—have seen their share of global production rise from just about nothing in 1990 to near 20% in 2018,