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The truth about Japan’s economic collapse in 1990

Translated from the Headlines (Toutiao 头条新闻)

Author: Tenth Economic Observation Room(第十经济观察室)

How did the Japanese economy collapsed in the 1990s?

Many people attribute the reason to this: In 1985, the United States forced Japan to sign the “Plaza Agreement.”

It was the “Plaza Accord” that allowed the yen to appreciate rapidly in a short period of time, which severely hit Japan’s export manufacturing industry; it forced the Orient to move away from the real world, play with the bubble economy, and eventually went to destruction.

Therefore, all this is a conspiracy of the Americans.

But today in 2021, when a large number of historical materials before and after the “Plaza Accord” were revealed, we only discovered that the truth is not that simple.

The great philosopher R once said: The external cause is the condition of change, the internal cause is the basis of the change, and the external cause acts through the internal cause; the egg changes into a chicken due to the proper temperature, but the temperature cannot make a rock become a chicken.

In other words, for a country’s tremendous economic changes, external factors can only act as catalysts, and internal factors are the root of the changes.

When it comes to “Japan’s economic collapse in the 1990s,” the “Plaza Accord” can only be regarded as an external cause. The problems inherent in the Japanese economy are the root cause (internal cause) of the great changes.

So, before and after the “Plaza Accord”, what are the problems with the Japanese economy?

How was this question motivated by the “Plaza Accord”, which led to the collapse of the Japanese economy?

Everything must start with a US dollar interest rate hike.

1

As we said in the previous article: Since 1981, in order to suppress the high domestic inflation of more than 10%, the United States has raised the benchmark interest rate five times in a row, from 5% to 15%, with extremely aggressive currency deflation. Policy to reclaim the US dollars that are indiscriminately on the market.

After a fierce operation, American inflation was suppressed: In 1981, the inflation rate was as high as 10.33%; in 1982, it dropped to 6%, and in 1983 it dropped to 3%.

But what people never expected is that when pressing the gourd, the dipper floated up: American inflation has improved, and domestic manufacturing is in trouble.

Due to the sharp rise in interest rates, the yield of investment products such as domestic Treasury bonds, deposits, and funds in the United States has soared all the way; this has attracted a large amount of overseas US dollars to return to the country, resulting in a strong appreciation of the US dollar internationally:

From 1981 to 1984, the U.S. dollar appreciated 25% against the yen and 57% against the mark.

The appreciation of the U.S. dollar has brought a disastrous disaster to the US manufacturing industry.

On the one hand, the export competitiveness of the U.S. manufacturing industry has plummeted. This is also well understood: as the U.S. dollar appreciates, people around the world will have to spend more money to buy American products.

In 1980, Mr. Koizumi in Tokyo could buy an American high-end electrical appliance for only 2,100 yen; in February 1985, Koizumi had to pay 2,600 yen to buy it.

What would you do if you were Mr. Koizumi? I think most people will definitely give up American products and choose cheaper German or Japanese products.

This has caused the U.S. manufacturing industry’s share of the global market to plummet.

On the other hand, due to the appreciation of the U.S. dollar, domestic imports of Japanese and German goods have become cheaper.

In 1981, a Toyota bridge car worth 20,000 US dollars, in 1984, only needed 15,000 US dollars to get it, and 3 years of maintenance; this made even the American people reluctant to buy American products. They have switched to Japanese products of high quality and low price.

As the saying goes, his arsenic is my honey; while the American manufacturing industry is in recession, Japanese manufacturing is emerging. Relying on the opportunity of the appreciation of the dollar (the depreciation of the yen), in the global market, the US manufacturing industry is Defeated.

2

Take Caterpillar, a traditional American excavator giant at that time, as an example:

In 1980, the company’s global sales reached 3.3 billion U.S. dollars; just three years later, it fell to 1.7 billion U.S. dollars, almost cut in half.

Most of Caterpillar’s market share was taken away by Japanese companies.

This made Caterpillar’s ​​chairman Morgan Lee feel angry and unbearable. He once publicly said to the media: If the dollar depreciates by 20%, I believe that Caterpillar’s ​​excavators can “overthrow” Tokyo again.

It happened that Morgan Lee was one of the leaders of the ‘National Business Roundtable’, so he took a group of manufacturing bosses who had the same situation as him to lobby in Congress.

After some interesting exchange and political game, the US Congress finally reached an agreement: to list Japan as an “unfair trading nation” and force the yen to appreciate against the US dollar in order to enhance the export competitiveness of the US manufacturing industry.

Next, is the plot that we all know well:

The United States coerced and lured, and Japan half pushed halfway. On September 22, 1985, the two sides, together with Britain, France, and the Federal Republic of Germany, signed the “Joint Statement of the Five Finance Ministers on Intervention in the U.S. Dollar Exchange Rate”, promising: Within 6 weeks, the yen has appreciated by 10-12% against the U.S. dollar.

This is the famous “Plaza Accord.”

And the reason why Japan was half-pushing the signing of the “Plaza Agreement” was that the then Japanese Prime Minister Nakasone and Finance Minister Toshita Takeshita had their own small abacus.

They feel that the appreciation of the yen against the US dollar is within an acceptable range: on the one hand, they can cater to the needs of the United States and can create their own pro-American staff in the country, which is conducive to their permanent official position. The United States is Japan. The emperor is too emperor.

On the other hand, the yen’s appreciation of 10-12% against the US dollar has hit Japan’s export competitiveness, but it can also reduce the import cost of energy products such as crude oil, which has its own disadvantages.

Not only considered for the country but also consolidated his official position, both public and private, perfect!

However, the ideals of Nakasone and Takeshita were very full, but the reality quickly taught them how to be human.

The superficial Nakasone and Takeshita Noboru have an almost ignorant understanding of finance. They don’t understand: the appreciation of the yen is not about appreciation if you want to appreciate; if you want to stop, stop.

3

The “Plaza Accord” originally planned: Britain, the United States, France, Germany, and Japan will jointly sell 18 billion U.S. dollars in green coins to purchase Japanese yen within six weeks; achieving the goal of allowing the Japanese yen to appreciate against the US dollar by 10-12%.

But in fact, the five countries only spent a week and sold 10.8 billion U.S. dollars to successfully complete the task.

The reason is reasonable, but also unexpected:

It is reasonable to say that after five years of the strong appreciation of the U.S. dollar, it was already in an overvalued position when the “Plaza Agreement” was signed. The five governments’ joint intervention in the market to promote the depreciation of the U.S. dollar is in line with market laws.

It is unexpected because the governments of the five countries did not expect the global private capital and speculative hot money to be so powerful. Originally, it was assumed that the five governments would lead and private capital would follow up. It would take 6 weeks to complete the goal, but the result was: The completion was accelerated in 1 week.

This means that in 1985, global private capital and speculative hot money have grown into a more powerful market-leading force than the government. In the matter of global currency exchange rates, the governments of the five countries invested 10.2 billion US dollars, compared with speculative hot money. The scale of hundreds of billions of dollars can only be regarded as a drizzle.

And when speculative hot money makes the first pot of gold in the appreciation of the yen, their greed will not stop:

For example, you sold 100 million US dollars of green coins on September 23, 1985, and exchanged them for 25 billion yen (the yen-dollar exchange rate was 250:1 at that time). One week later, the yen-dollar exchange rate appreciated to 225:1. 25 billion yen is worth 111 million U.S. dollars. It makes 11 million U.S. dollars a week. It’s you, will you stop?

As a result, after the yen has completed its appreciation target against the US dollar, speculating on hot money, it is still frantically doing more yen and selling US dollars.

The faster the yen rises, the more they earn; the magic box of greed is opened, and no one can stop it, even if you are the prime minister.

4

As a result, under the frenzied speculation of global hot money, the pace of the appreciation of the yen was completely out of control. The appreciation that should have been completed in 10 years or even longer was accelerated to 3 years and was over fulfilled.

After the “Plaza Accord”, the value of the yen continued to soar:

In 1986, the yen appreciated by 25% against the dollar;

In 1987, it appreciated another 26.5%;

In 1988, it rose another 4%.

From September 1985 to December 1988, the Japanese Yen appreciated 93% against the U.S. dollar, almost doubled.

Faced with such a crazy pace of appreciation, the Japanese manufacturing industry is completely confused:

In 1985, the price of Japanese TV was 200 U.S. dollars. Due to the appreciation of the yen, the export price was as high as 400 U.S. dollars at the end of 1988. Japanese products are still competitive.

This led to: in 1986, Japan’s total exports plummeting by 16%; in 1987, it fell by 6%.

The export company is a piece of mourning.

However, the Japanese are the axis. In the first few years of the appreciation of the yen, they still stick to the manufacturing industry: what I lose, I can definitely get it back; if you don’t appreciate it, then I will desperately reduce costs and keep export prices unchanged.

As a result, after 1985, Japanese manufacturing companies have appeared various wonderful money-saving tips:

For example, in a factory, even the lubricating waste used by machine tools for cutting metal must be recycled and reused;

For another example, at that time, many Japanese companies’ New Year cards were mailed directly to employees’ homes from Hong Kong, China; the cost of international mailing in Hong Kong, China was cheaper than that in Japan’s domestic post.

There are too many to mention.

This is the case, the Japanese export manufacturing industry, after persisting for several years, still completely collapsed.

5

The reason for the collapse is simple: in the face of a double appreciation of the yen, any technology, craftsmanship, or diligence is futile.

What is even more frightening is that the manufacturing industries in Southeast Asia and Mainland China, especially the low-end export manufacturing industries, have begun to grow slowly; when the yen has doubled, they will not only compete with Japanese manufacturing for the global market but also the Japanese domestic market. , Is also being eaten away.

At that time, a Japanese-made quartz watch was worth 40 US dollars, but a Chinese-made quartz watch only cost 1 US dollar. Although the quality of the Chinese-made quartz watch was a little bit poor, the price difference was such a big difference, if it was you, which one would you choose?

Under the background of the United States besieging in front and Southeast Asia and mainland China are catching up behind, Japan’s mid- and low-end manufacturing companies have no choice but to move towards two endings:

First, large Japanese manufacturing companies simply moved their production lines to Southeast Asia and Mainland China; labor costs in these areas are lower and are not affected by the appreciation of the yen. Japanese companies can also make more profits than domestic ones.

These actions by large Japanese manufacturing companies and multinational capital have indirectly promoted the rise of the four tigers in Asia and the ascent of a bigger dragon. This historical butterfly effect will be published in the next issue of “From Heaven to Hell, A Biography of the Four Asian Tigers.” In, let’s talk in detail.

Second, what about small, medium, and micro-enterprises? They were unable to move their production lines overseas, so they simply shut down or shut down the factories, took the money, and joined the army of stock speculation and real estate speculation.

These small, medium, and micro enterprises are really lucky. As soon as they were about to fall asleep, the Japanese government sent a pillow: lowering bank borrowing rates.

6

In other words, the Japanese government is very anxious because of the Great Depression in the manufacturing industry due to the appreciation of the yen.

In a desperate situation, they came up with a bad idea to “lower bank borrowing rates” to reduce corporate financing costs.

From January 1986 to July 1987, Japan lowered its benchmark interest rate five times in a row, from 5% to 2.5%.

It’s a good thing to want to put out a fire, but if you carry an oil drum to put out a fire, it’s your fault.

In fact, the Japanese manufacturing industry after the “Plaza Accord” is not short of capital but the market; if the Japanese government can control the yen but not rapidly appreciate, Japan’s export manufacturing may still live a few more years.

Of course, the Japanese government did not fail to control the appreciation of the yen. Six months after the “Plaza Accord”, Minister of Finance Takeshita felt that something was wrong. The appreciation of the yen was too strong and it was necessary to intervene.

But if you want to intervene, you must pull the United States, France, Germany, and Wall Street together.

As a result, US President Reagan answered simply: The dollar should depreciate further, and the yen should bear with it.

Wall Street is even better: the appreciation of the yen makes us profitable, you let us stop? The concubine can’t do it.

In this way, the yen was dragged on until 1989, and the appreciation of the day lily became cold.

More importantly, due to the successive rise of the Four Little Dragons, Four Little Tigers in Asia, and mainland China, even if the yen does not appreciate, Japan’s mid- and low-end manufacturing industries cannot be maintained.

At this time, what Japan should do more is to abandon the old thinking of “export manufacturing to build a country” and find a new way: on the one hand, the manufacturing industry is upgraded and the scale of its high-end manufacturing industry is expanded; on the other hand, it is to seize the opportunity of the IT Internet revolution. , To create a new industry to replace the low-end manufacturing.

However, Japan’s path dependence is too serious, and it is unwilling to take the risk of transformation. It just wants to lie crazily in its comfort zone.

At that time, the Japanese government lacked a broad vision of changes in the global manufacturing landscape, had extremely low sensitivity to the IT Internet revolution, and had an ignorant understanding of modern finance.

As a result, under the conditions of overproduction and capital overcapacity, they still made a move to lower interest rates and release water frantically.

7

At first glance, small and medium-sized business owners found that such a low bank loan interest rate was used to increase leverage and speculate in real estate and stocks.

As a result, under the first wave of speculation by small and medium-sized business owners, the whole people followed up, and Wall Street’s overseas hot money also contributed to the increase in land prices in Tokyo:

In 1987, land prices in Tokyo soared by 65.3%.

In 1990, the price of apartments in Tokyo exceeded the average annual salary of the city by 20 times.

The same goes for the Japanese stock market:

In October 1987, the average share price of Nikkei was 26,600 yen; at the end of 1989, the average share price soared to 38,900 yen; in a little over a year, it rose by 50%.

Arrived around 1990:

The total market value of Japanese listed companies has swelled 1.5 times that of US companies and 45% of the global stock market;

The land price is even more exaggerated. Japan, which has only 4% of the US territory, has a total land price four times that of the US.

This kind of exaggeration, if you say it has no bubbles, it is really a ghost.

But at that time, most of the Japanese did not believe in evil. They scorned the few people who reminded that housing prices and stock prices had bubbles and mocked the minority of rationalists as the old antiquities who insisted on the geocentric theory.

They said: Tokyo housing prices have no gravity; Japan has created a new paradigm of economic development.

They also said: Japan surpasses the United States, it is just around the corner, and the 21st century will certainly belong to the Orientals.

In front of the colorful bubbles, all the people in Japan are demented. They only think the bubbles are beautiful, forgetting that the bubbles will eventually burst.

8

As the so-called Spring River Plumbing Duck Prophet, when the Japanese are indulged in the beautiful bubbles, they cannot extricate themselves; Wall Street is sober.

They thought: Good guy, your Japan’s GDP is less than 70% of our US’s, but the stock market has expanded to 1.5 times that of the US. This is not a bubble, what is it? Quickly slip away.

As a result, Wall Street dumped the stocks in their hands and cashed out at high positions.

Then a small number of elites within the Japanese government also came to their senses. They realized that domestic banks loan huge amounts of funds to stock speculators and property speculators, which is very risky. Once the housing market and stock market are turbulent, the Bank of Japan is likely to fail to collect a large amount of money. The bad debts, which in turn led to bankruptcy.

At this time, the Japanese government’s harassment operation came again. They did not understand the principle of “Severe illnesses cannot be treated with strong medicine.” They must know: Illnesses come like mountains, but they go away like silkworms.

However, the Japanese government used the Bushido spirit of Long Live Charge to deal with the big bubbles in the stock and housing markets.

In May 1989, Japan increased its benchmark interest rate from 2.5% to 3.25%;

In October, increase to 3.75%;

In December, 4.25%.

In 1990, it reached the highest 6%.

In March 1990, the Ministry of Finance and Finance of Japan began to strictly restrict bank loans to real estate.

Overseas funds have absconded, and the Bank of Japan has urgently contracted loans; the housing market and stock market suddenly no longer have fresh leeks. What does this mean?

This means that the time for the crash has arrived:

From December 1989 to October 1990, the Nikkei stock index dropped from a high of 39,000 points to 20,000 points, a 49% drop.

Entering 1991-1992, the Nikkei stock index still fell, and on August 18, 1992, it fell to 14,000 points, the same level as in 1985.

At the same time, housing prices have not improved much.

The decline began in 1991, and it has been falling until 2005, before stabilizing the downward trend. The price of houses and land in cities and towns across Japan has dropped by 75%; similarly, prices will return to the level of 1985.

This is really hard work for ten years, returning to the pre-liberation overnight.

9

The collapse of stock prices and house prices is not the most terrible. The most terrifying is the collapse of the Japanese banking system.

Because Japan’s huge amount of funds loaned to the stock market and the real estate market is locked up and cannot be recovered; the bank’s own capital chain has broken, and one after another has declared bankruptcy and reorganization; Japan’s entire banking system is facing the risk of a total collapse.

In order to rescue these banks, Japan paid a heavy price: From 1992 to 2005, Japan adopted the method of “zero interest on deposits” and transferred the 2830 trillion yen savings interest that Japanese households should have received to banks with a large number of bad debts. To help them get through the crisis.

After this scraping, the Bank of Japan avoided a total collapse, but at the cost of a collapse in Japanese consumer demand: 2830 trillion yen in interest should have been paid to Japanese households for consumption.

What’s more serious is that after the abnormal rise in housing prices from 1985 to 1992, the young population of Japan also collapsed. A large number of young people were stabbed with dignity in front of sky-high houses, and they have since become depressed; they don’t want to fall in love anymore, let alone. What about fertility?

This caused Japan’s total fertility rate to show a slow growth trend before 1984; after 1985, it plummeted all the way:

In 1985, the total population fertility rate was 1.76%; by 2005, when housing prices returned to normal, the data had fallen to 1.26%; it was too late to remedy the situation.

The young population is the future of a country; no one is talking about surpassing the United States

Japanese otaku obsessed with anime

10

Consumption collapsed, young people’s mouths collapsed, coupled with the collapse of physical manufacturing as we mentioned earlier.

The three most important factors of the Japanese economy have collapsed, so it is normal for it to fall into the lost 30 years.

And from the “Plaza Accord” to the appreciation of the yen and the collapse of entities; then to the fact that the Japanese economy turned out to be virtual, playing with the bubble economy; and finally triggered the bubble burst, the deductive logic of the Japanese economy’s slump since then, we can also see:

① The “Plaza Accord” is only the external cause of the 30-year loss of the Japanese economy and the internal cause of the Japanese economy’s own problems.

②These internal factors include Japan’s long-term dependence on “export manufacturing” and its path dependence on export manufacturing; so that even when the United States is surrounded by the front, Southeast Asia and China are still catching up with manufacturing industries. I want to rely on reducing costs and get back what I have lost.

As a result, in the face of the tide of history, Japan not only failed to retain the middle and low-end manufacturing industries, but also missed the focus of energy, capital, and policies on the cultivation of emerging industries such as IT and Internet; the industrial upgrade was quite a failure and completely lost The United States has a higher potential.

③These internal factors also include that Japan’s bureaucratic class, especially the top decision-making elites, have a narrow vision and arrogance; facing the tide of global manufacturing migration and the rise of the IT Internet revolution, they lack basic sensitivity and sit back and watch the world. The situation is changing, they just want to lie in their comfort zone for the elderly.

Judging from the series of financial policies adopted by the Japanese high-level officials in response to the appreciation of the yen and the economic bubble; the knowledge of the Japanese bureaucracy is generally backward, and their level of understanding of finance has fallen far behind the actual global financial development at that time. .

It’s not that Neon has overdeveloped finance and harmed Japan; it’s Japan, which doesn’t understand finance at all.

Of course, there are many internal factors that led to the breakdown of the Japanese economy in the 1990s, such as not paying attention to the problem of cultivating domestic demand, the ossification of the Japanese corporate system, and so on. Here we have time to explain in detail.

In short, in the 1990s, when the Japanese economic bubble burst, the biggest problem was themselves.

It is Japan’s entire economic system, corporate structure, bureaucratic rule, and even the remaining feudal Bushido culture, which is not suitable for the global production method of the Internet age.

If Japan wants to re-emerge, what it needs is not patching up the existing foundation, but a social revolution that breaks the old system.

This is a test of the wisdom and courage of the Japanese.

Okay, that’s all for today’s content. If you like, please follow, like, and leave a message.

In the next issue, we will talk about “From Heaven to Hell: A Biography of the Four Little Tigers in Asia”.

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The grievances of chip bosses: Master and apprentice? Traitor? Infighting

Translated from the Headlines (Toutiao 头条新闻)

Author: Great Rivers and Lakes,explain the situation(大江湖解局)

One,

In 1966, 19-year-old Jiang Shangyi was admitted to the Department of Mechanical and Electrical Engineering of National Taiwan University.

Here, he met his classmate Hu Zhengming. The two are both academic hegemons, competing with each other, and neither accepts each other. Although they were classmates, they did not establish a profound revolutionary friendship.

In the future, Jiang Shangyi and Hu Zhengming will also meet at TSMC and form a bridge with Liang Mengsong, the other protagonist of the story.

After graduating from National Taiwan University, Hu Zhengming went to study in the United States and obtained his master’s and doctorate degrees at the University of California, Berkeley.

Since then, Hu Zhengming stayed on to teach in universities in the United States.

Hu Zhengming

Jiang Shangyi first got a master’s degree at Princeton University, and then went to Stanford University to get a Ph.D.

After graduating with his doctorate in 1974, 27-year-old Jiang Shangyi joined Texas Instruments as an ordinary R&D engineer.

At that time, Zhang Zhongmou, born in Ningbo, Zhejiang, was 43 years old and was already the senior vice president of Texas Instruments and the de facto third-in-command of Texas Instruments.

Zhang Zhongmou is in charge of half of Texas Instruments, and the semiconductor manufacturing process he promotes has become an industry benchmark.

At this time, Jiang Shangyi and Zhang Zhongmou had no substantial intersection due to their identities. Neither of them would have thought that after many years, Jiang Shangyi would become Zhang Zhongmou’s effective cadre.

Zhang Zhongmou, who was at the pinnacle of his career in the workplace, was proud of his success. However, four years later, a transformation by Texas Instruments made him fall from the altar.

First from left: Zhang Zhongmou

In 1978, Texas Instruments, which had been engaged in the industrial semiconductor business, wanted to build an electronic consumer product business.

As a result, Zhang Zhongmou was transferred to be the general manager of the Consumer Electronics Group.

This is the rise and fall of Zhang Zhongmou by Texas Instruments. Texas Instruments believes that there is too much funding for semiconductor research, so it starts with Zhang Zhongmou’s semiconductor research.

Seeing that the situation was over, Zhang Zhongmou had no choice but to pack up his bags and leave Texas Instruments, which once made him famous.

Two,

When Zhang Zhongmou frustratedly left Texas Instruments, another inexperienced technical talent, Liang Mengsong, rose up like a new star.

Liang Mengsong came to the University of California at Berkeley for a Ph.D. under the tutelage of Hu Zhengming, an old classmate of Jiang Shangyi.

Since then, Liang Mengsong and his teacher Hu Zhengming have forged a deep relationship between teachers and students. Hu Zhengming also regarded Liang Mengsong as the proudest student.

After graduating from his Ph.D., Liang Mengsong joined AMD and became a research and development engineer.

Liang Mengsong

During this working period, Liang Mengsong published 350 technical papers on semiconductors at an astonishing speed and obtained 181 key semiconductor technology invention patents.

When Liang Mengsong was racing at AMD, Zhang Zhongmou returned to Taiwan and served as the director of the Taiwan Industrial Technology Research Institute.

It was at this time that the United States and Japan signed the “Plaza Agreement,” and Japan’s economy plummeted.

The US Semiconductor Association took advantage of the fire and forced Japan to sign two “Semiconductor Agreements.”

Japan’s semiconductor industry, which leads the world, was completely dismembered by the United States, which has brought a once-in-a-lifetime opportunity to Taiwan and South Korea.

In 1987, Zhang Zhongmou, who had been working in semiconductors for his entire life, seized this opportunity at the right time and established TSMC.

Zhang Zhongmou knows that the semiconductor industry will be further divided, and the division of design and manufacturing will be more detailed. So he invented the foundry model. We only do wafer foundry for customers and do not design chips by ourselves to avoid customer jealousy.

Relying on the contacts it has accumulated over the years, TSMC first got some low-level chip orders from Intel, and then grew together with Qualcomm, and got a large number of orders from Qualcomm.

TSMC, which came out of the line of life and death, finally stepped out of a chip foundry road and gained a firm foothold.

At this time, Zhang Zhongmou was recruiting talents all over the world.

In April 1992, Liang Mengsong quit his job at AMD, returned to Taiwan, joined TSMC, and became the director of R&D.

Liang Mengsong used his expertise to the fullest at TSMC.

In just 5 years, Liang Mengsong upgraded TSMC’s chip process technology from 0.8 microns to 0.3 microns, completing a major technological breakthrough.

But Liang Mengsong did not get a promotion. On the contrary, Zhang Zhongmou invited Jiang Shangyi to join TSMC and let him serve as TSMC’s senior vice president of research and development.

Jiang Shangyi

In this way, Jiang Shangyi became Liang Mengsong’s immediate boss.

Liang Mengsong is devoted to technology, he is talented and proud, and he doesn’t put Jiang Shangyi too much in his eyes.

Jiang Shangyi always looks kind and has an extraordinary relationship with his boss Zhang Zhongmou. He is a good player in politics.

Because Jiang Shangyi is Liang Mengsong’s boss, and he and Liang Mengsong’s mentor Hu Zhengming are classmates, most outsiders think that Jiang Shangyi and Liang Mengsong have a teacher-apprentice relationship.

Liang Mengsong does not approve of this.

Liang Mengsong continued to quietly accumulate strength for TSMC’s process leadership, and his boss Jiang Shangyi shared all the credit he made.

Suddenly, Jiang Shangyi’s influence in TSMC was quite strong.

In order to check and balance Jiang Shangyi, Zhang Zhongmou invited a technical expert, which made Liang Mengsong very excited.

Three,

This person is Hu Zhengming, Liang Mengsong’s teacher.

In 2001, Hu Zhengming joined TSMC as the chief technical officer.

Liang Mengsong immediately joined the Hu Zhengming team, and the Hu Zhengming faction and Jiang Shangyi faction were formed within TSMC.

This is Zhang Zhongmou’s management philosophy, which allows the two internal forces to compete fiercely, thereby rapidly improving the company’s technical strength.

The addition of Hu Zhengming made Liang Mengsong even more powerful.

At that time, the world’s mainstream semiconductor companies were about to make a breakthrough from 180nm to 130nm process.

Using the fin field-effect transistor invented by Hu Zhengming, TSMC skipped the 150nm process and went directly to the 130nm process.

In 2003, TSMC’s 130nm copper process was successfully mass-produced, tying the process gap between IBM’s two generations in one fell swoop and occupying a place in the global semiconductor industry.

Liang Mengsong became famous in the first battle, and he established unworldly merit in TSMC.

A year later, Hu Zhengming retired successfully and returned to school to continue to be a teacher.

At this time, Zhang Zhongmou’s health is much worse than before, and the issue of his successor is on the agenda of TSMC.

Regarding qualifications, abilities, and personal relationships, Jiang Shangyi feels that he is the best candidate.

But in Zhang Zhongmou’s eyes, Jiang Shangyi is good at everything, but he is too old.

Zhang Zhongmou was 75 years old at that time, Jiang Shangyi was 60 years old, and the 75-year-old was handed over to the 60-year-old, and soon he would face personnel shocks, which Zhang Zhongmou did not want to see.

In 2006, knowing that he had no hope of succession, Jiang Shangyi gave birth to a retreat. Under Zhang Zhongmou’s persuasion, he came to a subsidiary of TSMC for retirement.

Jiang Shangyi’s position is vacated. Whose will be the position of Vice President of R&D?

Zhang Zhongmou also engaged in internal competition checks and balances, dividing the position of vice president of R&D into two, and one of them was given to Luo Weiren.

In another position, it is always Liang Mengsong’s turn.

However, it did not.

Zhang Zhongmou prefers Sun Yuancheng, a person who is also familiar with semiconductor research and development but is relatively sleek.

Liang Mengsong is already recognized as a semiconductor wizard, but with his unruly character, Zhang Zhongmou believes that he is not suitable for leadership.

Liang Mengsong, who lost in this personnel change, was arranged by Zhang Zhongmou to the “Super Moore’s Law Laboratory” and left his expertise in chip manufacturing research.

Liang Mengsong was disheartened. At this time, Samsung threw an olive branch, and his wife, who was a Korean flight attendant, lobbied. In 2009, he quit his job at TSMC in the name of teaching in South Korea.

Four,

As soon as Liang Mengsong left, TSMC’s 28nm process was delayed in mass production.

Zhang Zhongmou panicked, and he had to ask Jiang Shangyi, who had retired for three years, to come out again.

Jiang Shangyi once again returned to the core of TSMC’s power and served as TSMC’s deputy general manager and chairman’s advisor, which is Zhang Zhongmou’s personal advisor.

Jiang Shangyi’s goal is very clear. One is to continue to suppress Samsung technically, and the other is to prevent Liang Mengsong from helping Samsung in law.

In 2011, after the expiration of the competition agreement, Liang Mengsong officially joined Samsung and became the executive vice president and chief technology officer of Samsung foundry.

At that time, Samsung was also stuck in the technical bottleneck of the 28nm process down. This was a world problem, and Liang Mengsong mastered the method to solve the problem.

Liang Mengsong rejected all the controversies at Samsung and stopped R&D on the 20nm process and went directly to 14nm.

This seemed like an impossible task. Samsung won the gamble in this gamble, and Liang Mengsong made another outstanding achievement.

In 2014, Samsung’s 14nm process was successfully mass-produced, half a generation ahead of TSMC’s 16nm.

For this reason, Samsung has taken away a large number of orders for Apple mobile phones from TSMC.

The furious Zhang Zhongmou, under Jiang Shangyi’s execution, launched a fierce attack on Liang Mengsong.

For this reason, Liang Mengsong bears the infamy of a traitor.

After multiple rounds of litigation, TSMC has the key evidence. Liang Mengsong lost the lawsuit and he had to leave Samsung.

Liang Mengsong left the research work of the chip manufacturing process, just like a general left the battlefield, the hero is useless.

The grudge between him and Jiang Shangyi has deepened.

This gives SMIC, which is far away in Shanghai, an opportunity to take advantage of.

SMIC visited the thatched cottage three times and urged Liang Mengsong to open the conditions at will.

Liang Mengsong made a list of 200 people and asked SMIC to be equipped with the team members on the list.

In 2017, after SMIC recruited this team from TSMC, Liang Mengsong officially joined in.

At this time, SMIC is still struggling with the 28nm process, which is leftover by Samsung and TSMC. Even so, SMIC’s yield rate is still unstable.

The fierce man Liang Mengsong once again rejected the consensus, skipped the intermediate generation, and went straight to the 14nm process.

With the continuous efforts of Liang Mengsong’s team, in April 2019, SMIC’s 14nm process was officially mass-produced, and the yield rate increased from 3% to more than 95%.

A year later, SMIC’s 28nm, 14nm, and 12nm have all entered mass production, and the development of 7nm technology has also been completed.

Liang Mengsong once again created a miracle and amazed the world!

Before Liang Mengsong, SMIC took one step at a time and was struggling. After Liang Mengsong, it went directly to the 100-meter sprint and completed TSMC’s ten-year journey in three years.

Five,

When Liang Mengsong made great achievements in SMIC, Jiang Shangyi also came to the mainland and became the CEO of Wuhan Hongxin.

However, it turns out that Wuhan Hongxin is nothing but a complete scam.

Jiang Shangyi also became a victim of this scam. After Wuhan Hongxin was unfinished, he actually came to SMIC.

Without Liang Mengsong’s knowledge, Jiang Shangyi became the vice-chairman of SMIC and once again pressed Liang Mengsong.

After learning of this news, Liang Mengsong was shocked. The grievances accumulated over the years completely broke out at this moment, and he submitted his resignation to SMIC.

The huge shock in SMIC’s personnel affairs has aroused strong concern in the industry.

Under the reassurance of SMIC, Liang Mengsong did not leave SMIC and remained low-key for the company.

On November 11, SMIC’s announcement put an end to the grievances between Liang Mengsong and Jiang Shangyi.

Jiang Shangyi resigned as vice chairman, executive director, and member of the board strategy committee, and Liang Mengsong no longer served as an executive director, focusing on the responsibilities of the joint chief executive officer.

At this time, Jiang Shangyi was 75 years old and he was too old.

SMIC can be without Jiang Shangyi, but it cannot be without Liang Mengsong.

Liang Mengsong is also a 69-year-old man. He once said: I came to the mainland not for the sake of high-ranking officials, but simply wanted to do my part for the mainland’s high-end integrated circuits.

He donated all his income from SMIC to a technology development fund.

Liang Mengsong is a pure technical genius. He can’t go back to TSMC and Samsung. He needs the big stage of SMIC so that he can continue to contribute his light and heat.

He needs SMIC, and SMIC needs him more!

I hope Liang Mengsong will not be let down!

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Kaiser health care worker strike averted as tentative deal is reached, company says – CBS News

Kaiser health care worker strike averted as tentative deal is reached, company says  CBS NewsStrike at Kaiser Permanente averted two days before deadline  Los Angeles TimesStrike avoided: Thousands of health care workers reach tentative with Kaiser Permanente  KABC-TVStrike Averted at Kaiser Permanente as Union Reaches Deal Over Pay at 3 a.m.  Times of San DiegoKaiser Permanente Reaches Pact With Unions, Averting Strike  BloombergView Full Coverage on Google NewsTop stories – Google News

Kendrick Lamar Reclaims His Crown with Masterful Day N Vegas Performance – Consequence

Kendrick Lamar Reclaims His Crown with Masterful Day N Vegas Performance  ConsequenceWatch Kendrick Lamar Perform Section.80 Deep Cuts At Day N Vegas  StereogumKendrick Lamar Says He’ll Be Back “Very Soon” During Day N Vegas Set  HotNewHipHopVegas’ biggest ever hip-hop fest Day N Vegas returns  Las Vegas Review-JournalKendrick Lamar Celebrates ‘Section.80’ During Casually Dazzling Day N Vegas Set  Rolling StoneView Full Coverage on Google NewsEntertainment – Latest – Google News

Los Angeles Rams receiver Robert Woods suffers torn ACL, sources say – ESPN

Los Angeles Rams receiver Robert Woods suffers torn ACL, sources say  ESPNRobert Woods suffered torn ACL in Friday’s practice  NBC SportsRams WR Robert Woods suffers torn ACL in practice, to miss remainder of 2021 season  NFL.comRobert Woods tore his ACL in practice Friday  Rams WireRobert Woods reportedly tore ACL in practice a day after Rams agreed to sign Odell Beckham Jr.  Yahoo SportsView Full Coverage on Google NewsSports – Latest – Google News

Dems’ plan to limit drug price inflation faces test in Senate – POLITICO

Dems’ plan to limit drug price inflation faces test in Senate  POLITICOWhy Democrats’ prescription drug pricing provision would have hurt seniors | TheHill  The HillAnalysis | Health industry is still agitating for changes to Democrats’ economic package  The Washington PostReal Medicare drug savings in Dems’ bill — but not overnight  Associated PressView Full Coverage on Google NewsTop stories – Google News

Without Trump, Republicans showed unexpected strength on the ballot – NPR

Without Trump, Republicans showed unexpected strength on the ballot  NPRAnalysis | The top 10 GOP presidential candidates for 2024, ranked  The Washington PostAmerica needs Trump — without Trump  Yahoo NewsHere’s the math behind Donald Trump’s continued dominance over the Republican Party  CNNView Full Coverage on Google NewsTop stories – Google News

‘Eternals’ Eyes $27M+ Second Weekend; ‘Clifford’ Woofs $20M 5-Day: Is Theatrical Hybrid Model Really The Answer For Family Movies? – Deadline

‘Eternals’ Eyes $27M+ Second Weekend; ‘Clifford’ Woofs $20M 5-Day: Is Theatrical Hybrid Model Really The Answer For Family Movies?  DeadlineBox Office: Marvel’s ‘Eternals’ Endures as Box Office Leader Above ‘Clifford’  VarietyFriday Box Office: ‘Eternals’ Plunges 75% As ‘Venom 2’ Tops $200M  ForbesBox Office: ‘Clifford’ Strides Toward $20M; ‘Eternals’ Stays No. 1  Hollywood ReporterDisney’s ‘Eternals’ likely to hold off ‘Big Red Dog’ in movie weekend  Seeking AlphaView Full Coverage on Google NewsEntertainment – Latest – Google News

Macy’s CEO, a department store veteran, fights to fit in the Amazon future of retail – CNBC

Macy’s CEO, a department store veteran, fights to fit in the Amazon future of retail  CNBCMacy’s is said to work with advisor after activist pressure  Seeking AlphaShould Macy’s Sell Teslas And Get Into Cryptocurrency? This Activist Investor Says So – Benzinga  BenzingaView Full Coverage on Google NewsBusiness – Latest – Google News

Patreon is building its own video hosting platform – Engadget

Patreon is building its own video hosting platform  EngadgetPatreon is working on its own video hosting platform to combat YouTube’s dominance  TechSpotPatreon Working Native Video Hosting For Its Creators  Lowyat.NETPatreon’s building native video hosting for creators to sidestep YouTube  The VergeView Full Coverage on Google NewsTechnology – Latest – Google News

These 23 fake Android apps are dangerous spyware, so delete them now – BGR

These 23 fake Android apps are dangerous spyware, so delete them now  BGRReport details a dangerous Android phishing campaign that can take control of your phone  PhoneArenaWarning as Android phones hit with spyware that listens to calls and steals texts  The SunPhonespy surveillance software mimics Pegasus and was spotted stealing data from thousands of South Korean Android users  Notebookcheck.netPhoneSpy Malware Invades Android Users’ Privacy  PCMagView Full Coverage on Google NewsTechnology – Latest – Google News

Dakota Johnson says Alfred Hitchcock ‘terrorized’ grandmother Tippi Hedren and ‘ruined her career’ – Daily Mail

Dakota Johnson says Alfred Hitchcock ‘terrorized’ grandmother Tippi Hedren and ‘ruined her career’  Daily MailDakota Johnson Says Alfred Hitchcock ‘Ruined’ Grandmother Tippi Hedren’s Career  PEOPLEDakota Johnson slams Alfred Hitchcock for ‘ruining’ Tippi Hedren’s career  KTBSDakota Johnson Says Alfred Hitchcock ‘Terrorized’ Grandmother Tippi Hedren, ‘Ruined Her Career’  ETCanada.comDakota Johnson says Alfred Hitchcock sexually assaulted grandmother Tippi Hedren  Geo NewsView Full Coverage on Google NewsEntertainment – Latest – Google News

What we learned this week in the trial of Elizabeth Holmes – CNN

What we learned this week in the trial of Elizabeth Holmes  CNNIn Elizabeth Holmes Trial, Ex-Theranos Employees Cite Culture of Fear and Isolation  The Wall Street JournalTestimony: Holmes Offered to Buy Out Investor Seeking “Straight Answers”  BioSpaceHere’s what you missed in Week 10 of Elizabeth Holmes’ Theranos trial  Business InsiderTheranos trial: Investor details frustration with Holmes over lack of information  The Irish TimesView Full Coverage on Google NewsBusiness – Latest – Google News

BREAKING: Michigan pre-Game Injury report: Blake Corum out; Others expected back – 247Sports

BREAKING: Michigan pre-Game Injury report: Blake Corum out; Others expected back  247SportsDiscussion: What does Michigan have to do to overcome Penn State?  Maize n BrewMichigan football game vs. Penn State: TV channel, radio, time, more info  Detroit Free PressPenn State men’s basketball recruiting, how the Nittany Lions can beat No. 9 Michigan and more: Blue-White Br  PennLiveRumblings That PSU Nixed Michigan’s Uniforms Choice Ahead Of Game  DiehardsportView Full Coverage on Google NewsSports – Latest – Google News

Packers quarterback Aaron Rodgers to be activated off reserve/COVID-19 list – NFL.com

Packers quarterback Aaron Rodgers to be activated off reserve/COVID-19 list  NFL.comGreen Bay Packers expect Aaron Rodgers to be cleared vs. Seattle Seahawks, but Jordan Love prepared just in case  ESPNThe Loop Fantasy Football Update Week 10: Packers’ Aaron Rodgers is back  TwinCities.com-Pioneer PressPackers expect Aaron Rodgers to be back, but David Bakhtiari’s return appears on hold  Madison.com2021 Week 10: Seahawks at Packers Preview  Seattle SeahawksView Full Coverage on Google NewsSports – Latest – Google News

Mormon missionary group robbed in Mexico; leader and wife threatened at knifepoint, church says – Fox News

Mormon missionary group robbed in Mexico; leader and wife threatened at knifepoint, church says  Fox NewsLatter-day Saint missionaries safe after armed men interrupt conference in Mexico  KSL.com70 Latter-day Saint missionaries robbed, mission president and his wife assaulted in Mexico  Deseret NewsGunmen rob 70 Latter-day Saint missionaries in Mexico, assault some  Salt Lake Tribune70 LDS Missionaries safe after armed robbery in Mexico  fox13now.comView Full Coverage on Google NewsWorld – Latest – Google News

Sara Duterte and Ferdinand Marcos Jr. May Join Forces in Philippines – The New York Times

Sara Duterte and Ferdinand Marcos Jr. May Join Forces in Philippines  The New York TimesDaughter of Philippine President Duterte to run for vice president  CNNSurprise entries create chaos in race to succeed Philippines’ Duterte  Yahoo NewsPhilippines’ Rodrigo Duterte ready to run against daughter Sara Duterte for vice presidency  The Washington PostDuterte’s daughter Sara to run for Philippines vice presidency  Al Jazeera EnglishView Full Coverage on Google NewsWorld – Latest – Google News

‘We’re here to deliver’: Biden touts infrastructure win as midterms loom – The Guardian

‘We’re here to deliver’: Biden touts infrastructure win as midterms loom  The GuardianBiden plans to appoint an outside official to oversee implementation of massive infrastructure bill  CNNBiden to name someone from outside administration to implement infrastructure bill | TheHill  The HillBaltimoreans trying to make ends meet, amidst highest inflation rate in 30 years  Fox BaltimorePresident Biden discusses infrastructure at the Port of Baltimore  WBAL-TV 11 BaltimoreView Full Coverage on Google NewsTop stories – Google News

Riley doctor on kids’ COVID vaccine: ‘Get whatever vaccine they can get’ – WTHR

Riley doctor on kids’ COVID vaccine: ‘Get whatever vaccine they can get’  WTHRVaccine clinic brings relief, excitement to Middleton families  WKOWCOVID-19 Vaccine Clinic Set For Cherry Hill Mall This Weekend  Patch.comWashington County, Tenn. preparing to honor veterans in Veterans Day ceremony  WJHL-TV News Channel 11View Full Coverage on Google NewsHealth – Latest – Google News

‘American Idol’ star Chris Daughtry’s stepdaughter Hannah, 25, found dead in Nashville: reports – Yahoo News

‘American Idol’ star Chris Daughtry’s stepdaughter Hannah, 25, found dead in Nashville: reports  Yahoo NewsChris Daughtry Postpones Upcoming Tour Dates Following Sudden Death of His Daughter  PEOPLEChris Daughtry’s 25-year-old daughter found dead in Nashville home: report  New York Post Chris Daughtry’s Daughter Dead at 25  TMZHannah Daughtry death: Singer Chris Daughtry cancels shows after stepdaughter dies suddenly, aged 25  The IndependentView Full Coverage on Google NewsEntertainment – Latest – Google News

US SEC Rejects VanEck’s Spot Bitcoin Exchange-Traded Fund Proposal – Here’s Why – The Daily Hodl

US SEC Rejects VanEck’s Spot Bitcoin Exchange-Traded Fund Proposal – Here’s Why  The Daily HodlSEC rejects VanEck ETF that sought to track bitcoin directly  CNBCTraders look to ‘buy the dip’ after spot ETF rejection sends Bitcoin price to $62K  CointelegraphSEC Rejects VanEck’s Spot Bitcoin ETF Proposal  CoinDeskBitwise removes bitcoin futures ETF application but keeps spot ETF one  Markets InsiderView Full Coverage on Google NewsBusiness – Latest – Google News

Fighter jets and freighters in focus at the first major air show since the Covid pandemic – CNBC

Fighter jets and freighters in focus at the first major air show since the Covid pandemic  CNBC1 Day: What Will Boeing, Airbus, And Others Showcase In Dubai?  Simple FlyingDubai Air Show: Fewer top US officials, more Israelis and a new Russian fighter  Breaking Defense13 new countries to be represented at this year’s Dubai Airshow  Khaleej TimesCommercial aircraft line up for Dubai air show static display  FlightglobalView Full Coverage on Google NewsBusiness – Latest – Google News

Apple’s Arguments Against Sideloading on iOS: All Your Questions Answered – MacRumors

Apple’s Arguments Against Sideloading on iOS: All Your Questions Answered  MacRumorsThree reasons Apple’s anti-sideloading rant misses the point  Digital TrendsApple CEO Tim Cook has an epic reply for those wanting to sideload apps on iPhone  The Financial ExpressTop Stories: Tim Cook on Sideloading, iOS 15.2 Features, Apple Silicon Roadmap, and More  MacRumorsNo, sideloading is not good for you  ComputerworldView Full Coverage on Google NewsTechnology – Latest – Google News

Valley medical expert explains COVID booster side effects, encourages simultaneous yearly flu vaccine – WKBN.com

Valley medical expert explains COVID booster side effects, encourages simultaneous yearly flu vaccine  WKBN.comValley medical expert explains COVID booster side effects, encourages simultaneous yearly flu vaccin  WKBN27Another reason to get a flu shot? Because influenza can look like COVID-19  WTOPIs the flu set to take over from Covid this winter?  The NationalFlu season emerging against the backdrop of COVID-19 pandemic  News-Medical.NetView Full Coverage on Google NewsHealth – Latest – Google News

Georgia football injury report for Tennessee – 247Sports

Georgia football injury report for Tennessee  247SportsPreviewing Georgia vs. Tennessee | College Football Live  ESPN College FootballThree keys to beating Tennessee  Dawg SportsUT releases fan conduct requirements ahead of Georgia game  WATE 6 On Your SideGoVols247 staff picks: No. 1 Georgia at Tennessee  247SportsView Full Coverage on Google NewsSports – Latest – Google News

Steph Curry Becomes The All Time Leader In Three Pointers Made – Bleacher Report

Steph Curry Becomes The All Time Leader In Three Pointers Made  Bleacher ReportStephen Curry passes Ray Allen for most 3-pointers made in NBA history  Yahoo SportsStephen Curry passes Ray Allen for most career 3-pointers made, regular season and playoffs combined  Sporting NewsSteph Curry makes NBA history, passing Ray Allen for most three-pointers made  CNNIt’s official, Steph Curry is the greatest shooter in NBA history  MARCA.comView Full Coverage on Google NewsSports – Latest – Google News

Steam Deck: Five big things we learned from Valve’s developer summit – The Verge

Steam Deck: Five big things we learned from Valve’s developer summit  The VergeAMD’s Aerith SoC Brings Steady Performance, FSR Support To The Steam Deck  Tom’s HardwareValve: The Steam Deck Has Similar Specs to This Mini PC  PCMagValve holding virtual Steam Deck conference today  Rock Paper ShotgunLilbits: Developing for the Steam Deck, Android 12 for the Raspberry Pi, Windows 11 Android app compatibility  LiliputingView Full Coverage on Google NewsTechnology – Latest – Google News

Gavan O’Herlihy, who played the oldest Cunningham son on ‘Happy Days,’ dies at 70 – CNN

Gavan O’Herlihy, who played the oldest Cunningham son on ‘Happy Days,’ dies at 70  CNN‘Happy Days’ actor dead at 70: Gavan O’Herlihy played Richie’s missing brother  New York Post Gavan O’Herlihy Dies: Actor Who Played ‘Happy Days’ Disappeared Brother Was 70  Yahoo EntertainmentHappy Days’ Gavan O’Herlihy Dead at 70: ‘He Is Greatly Missed,’ Says Actor’s Agent  PEOPLEGavan O’Herlihy death: Ron Howard pays tribute to Happy Days star  The IndependentView Full Coverage on Google NewsEntertainment – Latest – Google News

Sarah Sanders snaps up Arkansas endorsements from governor, congressional delegation – Fox News

Sarah Sanders snaps up Arkansas endorsements from governor, congressional delegation  Fox NewsArkansas governor backs Sarah Huckabee Sanders to replace him | TheHill  The HillArkansas US representatives endorse Sarah Huckabee Sanders for governor  KARKStop the presses! Republican endorses Republican for governor  Arkansas TimesHutchinson, other Arkansas Republicans back Sarah Huckabee Sanders’ bid for governor  Arkansas OnlineView Full Coverage on Google NewsU.S. – Latest – Google News

Polish police find body of Syrian man near Belarus border – Reuters

Polish police find body of Syrian man near Belarus border  ReutersPolish police find body of young Syrian near Belarus border  Associated PressSyrian man found dead on Polish side of border with Belarus  The GuardianSyrian migrant found dead on Poland-Belarus border  Al Jazeera EnglishTeenage boy dies in freezing conditions on Poland-Belarus border  The IndependentView Full Coverage on Google NewsWorld – Latest – Google News

Ascension Healthcare temporarily blocked from firing Oklahoma employees over vax mandate – Fox Business

Ascension Healthcare temporarily blocked from firing Oklahoma employees over vax mandate  Fox BusinessOklahoma granted temporary restraining order against Ascension St. John’s vaccine mandate  KTULState granted temporary restraining order preventing Ascension St. John from enforcing employee vaccine mandate  Tulsa WorldAttorney General’s Temporary Restraining Order Prevents Ascension Healthcare From Firing Unvaccinated Workers  News On 6Tulsa District Court Grants Attorney General Temporary Restraining Order Request Against Ascension Healthcare  News On 6View Full Coverage on Google NewsTop stories – Google News

Pa. COVID-19 rate moves in bad direction – PennLive

Pa. COVID-19 rate moves in bad direction  PennLiveKy. doctor warns COVID-19 cases could rise again if more people don’t get vaccinated  WKYTCarteret County COVID-19 death toll rises to 93 Friday as hospitalizations drop by half  CarolinacoastonlineNew COVID cases climb once again in Taunton after brief two-week dip  Taunton Daily GazetteNew, active COVID-19 cases increase in Carteret County Wednesday  CarolinacoastonlineView Full Coverage on Google NewsHealth – Latest – Google News

Manhattan rents are climbing back to pre-pandemic levels – CNN

Manhattan rents are climbing back to pre-pandemic levels  CNNRent in Richmond region surged during the pandemic. Two-bedroom apartments average $1340 a month.  Richmond.comHousing inflation is getting worse for renters and buyers. Will Biden’s ‘Build Back Better’ stop it?  MarketWatchAverage Boise rental prices drop 3 percent, but renters say it’s still unaffordable  Idaho NewsNYC rents skyrocket amid record-high inflation rates  New York Post View Full Coverage on Google NewsBusiness – Latest – Google News

Pulisic Claps Back at Ochoa’s ‘Mirror’ Remark With T-Shirt Goal Celebration – Sports Illustrated

Pulisic Claps Back at Ochoa’s ‘Mirror’ Remark With T-Shirt Goal Celebration  Sports IllustratedThe USMNT felt Mexico’s disrespect. Christian Pulisic, with a win and a cheeky T-shirt, fired back  Yahoo SportsChristian Pulisic’s ‘mirror’ shirt claps back at Guillermo Ochoa after USMNT win over Mexico in World Cup qualifying  ESPNU.S. Beats Mexico and Then Rubs It In  The New York TimesChristian Pulisic sends cheeky response to Mexico’s Guillermo Ochoa after winning goal in rivalry match  Stars and Stripes FCView Full Coverage on Google NewsSports – Latest – Google News

Former Marine who said ‘we’re going to take’ the Capitol on Jan. 6 sentenced – NBC News

Former Marine who said ‘we’re going to take’ the Capitol on Jan. 6 sentenced  NBC NewsFormer Missoula real estate agent sentenced to jail for part in U.S. Capitol Riot  KTVHCapitol Rioter Who Brought His 10-Year-Old Son January 6 Heads to Prison  NewsweekProbation, house arrest for Minnesota man in U.S. Capitol riot  Minneapolis Star TribuneProbation, house arrest for MN man in U.S. Capitol riot  Minnesota Public Radio NewsView Full Coverage on Google NewsTop stories – Google News

Google says a fix is coming for update that erased major Pixel 6 feature – The Verge

Google says a fix is coming for update that erased major Pixel 6 feature  The VergeGoogle magically erases Magic Eraser from Google Photos, but a fix is coming  Android CentralThe Pixel 6 lost Magic Eraser in its latest Photos update, but Google is working on a fix  Android PoliceGoogle Photos 5.67 update seems to be removing Magic Eraser feature from Pixel 6 devices  9to5GoogleThe latest Google Photos update magically erases the Magic Eraser feature on the Pixel 6  TalkAndroidView Full Coverage on Google NewsTechnology – Latest – Google News

Snoopy to fly on NASA’s Artemis I mission in one-of-a-kind spacesuit – collectSPACE.com

Snoopy to fly on NASA’s Artemis I mission in one-of-a-kind spacesuit  collectSPACE.comThe cosmos beckons for Snoopy onscreen and in real life  Associated Press‘Snoopy in Space’ season 2 blasts off on Apple TV Plus with ‘The Search for Life’  Space.comSnoopy Will Be Flying to the Moon Aboard NASA’s Artemis I Mission: Find Out Why  Gadgets 360The cosmos beckons for Snoopy, both onscreen and in real life  KARE11.comView Full Coverage on Google NewsScience – Latest – Google News

U.S. Briefs Allies on Possible Russian Threat Toward Ukraine – The Wall Street Journal

U.S. Briefs Allies on Possible Russian Threat Toward Ukraine  The Wall Street JournalU.S. huddles with allies over possible Russian invasion of Ukraine  POLITICOUkraine’s allies are warning Russia against new military escalation, Kyiv says  ReutersU.S. and Europe eye “rather worrying” Russian military maneuvers near Ukraine, and now in Belarus  CBS NewsKremlin denies plans to invade Ukraine, alleges NATO threats  POLITICOView Full Coverage on Google NewsWorld – Latest – Google News

October 2021 NPD: PS5 Is Still the Best-Selling US System of the Year – Push Square

October 2021 NPD: PS5 Is Still the Best-Selling US System of the Year  Push SquareThe Nintendo Switch is back on top in the US after OLED launch  The VergeSwitch OLED pushes Nintendo back to the top of console sales  The Washington PostMetroid Dread Had The Strongest Opening Month Of Any Metroid Game Ever In The US  Nintendo LifeNintendo sold 711,000 Switches last month  AxiosView Full Coverage on Google NewsTechnology – Latest – Google News

WWE SmackDown recap & reactions: Stolen valor – Cageside Seats

WWE SmackDown recap & reactions: Stolen valor  Cageside SeatsWWE SmackDown Live Results, Your Feedback And Viewing Party  Wrestling Inc.WWE SmackDown results, recap, grades: Roman Reigns puts his SmackDown career on the line against Xavier Woods  CBSSports.comWWE SmackDown preview: Big E should be invading SmackDown tonight  Cageside SeatsWWE’s Roman Reigns Takes the Crown on SmackDown  ComicBook.comView Full Coverage on Google NewsEntertainment – Latest – Google News

Mahershala Ali and Naomie Harris in Apple TV+’s ‘Swan Song’: Film Review | AFI 2021 – Hollywood Reporter

Mahershala Ali and Naomie Harris in Apple TV+’s ‘Swan Song’: Film Review | AFI 2021  Hollywood Reporter‘Swan Song’ Review: A Dying Mahershala Ali Clones Himself in Apple’s Somber but Moving Sci-Fi Drama  IndieWire‘Swan Song’ Review: Mahershala Ali Delivers Another Electrifying Performance In Benjamin Cleary’s Sci-Fi Drama  Deadline‘Swan Song’ Review: A Tender, Terrific Weepie That Hits the Right Notes  VarietyMahershala Ali as You’ve Never Seen Him Before—In a Lead Role  Vanity FairView Full Coverage on Google NewsEntertainment – Latest – Google News

New Delhi braces for emergency measures as toxic smog worsens – CNN

New Delhi braces for emergency measures as toxic smog worsens  CNNIndia’s top court says New Delhi air pollution situation is ‘very serious’  Reuters IndiaIndia’s pollution board says prepare for emergency steps as Delhi’s smog worsens  Yahoo NewsIndia’s pollution board says prepare for emergency steps as Delhi’s smog worsens  Reuters IndiaView Full Coverage on Google NewsWorld – Latest – Google News

20 people evacuated from flooded Tillamook County RV park – KPTV.com

20 people evacuated from flooded Tillamook County RV park  KPTV.com20 People Rescued From Flooded R.V. Park in Oregon  The New York TimesCoast Guard rescues 50 as flood waters surge at Oregon Coast  KOIN 6Oregon coast RV park evacuated as powerful storms cause flooding, landslides  OregonLiveCoast Guard crews help rescue 20 people, 3 dogs from flooded RV park in Tillamook County  KOMO NewsView Full Coverage on Google NewsTop stories – Google News

Medicare premiums to jump in part due to pricey Alzheimer’s drug | TheHill – The Hill

Medicare premiums to jump in part due to pricey Alzheimer’s drug | TheHill  The HillUS announces big hike in Medicare premiums  CNNAlzheimer’s drug cited as Medicare premium jumps by $21.60  Yahoo NewsCostly Alzheimer’s Drug Fuels Record Medicare Premium Hike  BloombergMedicare Part B premiums for 2022 jump by 14.5% from this year, far above the estimated rise in cost  CNBCView Full Coverage on Google NewsTop stories – Google News

Thanksgiving dinner: How are inflation and higher grocery prices affecting your holiday meal? – USA TODAY

Thanksgiving dinner: How are inflation and higher grocery prices affecting your holiday meal?  USA TODAYThanksgiving Price Inflation Hits in 2021 Amid Turkey Shortage Fears  BloombergLocal grocery stores weigh in on potential turkey shortages for the holidays  WJHL-TV News Channel 11Is there a Thanksgiving turkey shortage? It’s complicated  BetaBostonAmid inflation, there is good news: You can save and stock up for your Thanksgiving feast :: WRAL.com  WRAL.comView Full Coverage on Google NewsBusiness – Latest – Google News

TIMBERWOLVES at LAKERS | FULL GAME HIGHLIGHTS | November 12, 2021 – NBA

TIMBERWOLVES at LAKERS | FULL GAME HIGHLIGHTS | November 12, 2021  NBATimberwolves vs. Lakers – Game Recap – November 12, 2021  ESPNWolves coach Finch after beating Lakers: ‘Our activity was off the charts’  Bally Sports NorthLeBron James’ rehab advances; Lakers routed by Timberwolves  Los Angeles TimesMinnesota Timberwolves vs Los Angeles Lakers Nov 12, 2021 Game – Scores, Stats & Highlights  NBA.comView Full Coverage on Google NewsSports – Latest – Google News

Ex-CEO of Chicago-area tech firm sentenced for role in Capitol riot – NBC News

Ex-CEO of Chicago-area tech firm sentenced for role in Capitol riot  NBC NewsCEO who threw chair inside Capitol on Jan. 6 gets jail time  Yahoo NewsBradley Rukstales Ordered To Spend 30 Day’s In Jail For inclusion In U.S. Capital Insurrection Back  CBS ChicagoFormer Chicago-area CEO sentenced to 30 days in prison for role in Jan. 6 attack | TheHill  The HillFormer suburban CEO sentenced to 30 days for storming U.S. Capitol  WGN TV ChicagoView Full Coverage on Google NewsU.S. – Latest – Google News

John Deere says it will deliver for customers during planting season — strike or not – Fox Business

John Deere says it will deliver for customers during planting season — strike or not  Fox BusinessUAW says John Deere has made ‘last, best and final’ offer  KCCI Des MoinesJohn Deere strike at one month with no end in sight  CNBC TelevisionDeere, UAW reach third tentative agreement | Business & Economy | qctimes.com  Quad-City TimesJohn Deere, United Auto Workers report reaching third tentative contract agreement amid strike  Des Moines RegisterView Full Coverage on Google NewsBusiness – Latest – Google News

13 myths about lung cancer – Medical News Today

13 myths about lung cancer  Medical News TodayLung cancer survivors detail battles amid advances in screening and treatment  WJW FOX 8 News ClevelandPrevention of lung cancer  FOX59 NewsYale doctor: Getting screened for lung cancer could save your life, but few do  New Haven RegisterWellness Wednesday: free lung cancer screening aims to diagnose patients at early and curable stage  WSYRView Full Coverage on Google NewsHealth – Latest – Google News

7 more Yellowstone County residents die from COVID-19 | Local News | billingsgazette.com – Billings Gazette

7 more Yellowstone County residents die from COVID-19 | Local News | billingsgazette.com  Billings Gazette13 locals dead with COVID-19, new cases continue to soar  Brainerd Dispatch5 more COVID deaths in Tri-Cities area. And the latest on cases and vaccinations  Tri-City HeraldCOVID-19 cases going down in Cumberland County, but health officials worried about upcoming holidays  The Fayetteville ObserverState and local COVID-19 update – The Coastland Times | The Coastland Times  The Coastland TimesView Full Coverage on Google NewsHealth – Latest – Google News

World Diabetes Day: Eat well to fight diabetes – Hindustan Times

World Diabetes Day: Eat well to fight diabetes  Hindustan TimesMississippians encouraged to get tested for diabetes  WJTVWorld Diabetes Day 2021: How Much Sugar Is Too Much? Expert Reveals  NDTV FoodNigerians with diabetes will have poor outcomes unless the healthcare system changes  The Conversation AfricaWorld Diabetes Day: How diabetes can affect your mental health  Hindustan TimesView Full Coverage on Google NewsHealth – Latest – Google News