Aleksander Jochym

Blogger at Lawyer. Law graduate at Jagiellonian University. LLM Student at Johannes-Gutenberg Universitat in Mainz. AI through a lawyer's

[Bill Ackman @BillAckman]

The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.

President @realDonaldTrump has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone��s attention. So far, so good.

And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic growth in our country.

But, by placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital.

The president has an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country.

If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate.

What CEO and what board of directors will be comfortable making large,
long-term, economic commitments in our country in the middle of an economic nuclear war?

I don’t know of one who will do so.

When markets crash, new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.

And it is not just the big companies that will suffer. Small and medium size businesses and entrepreneurs will experience much greater pain. Almost no business can pass through an overnight massive increase in costs to their customers. And that’s true even if they have no debt, and, unfortunately, there is a massive amount of leverage in the system.

Business is a confidence game. The president is losing the confidence of business leaders around the globe. The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for.

The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system.

Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down.

May cooler heads prevail.

[Arkadiusz Modzelewski @Modzelewski_]

Już wkrótce na blogu @dshacker_tt udostępnie kilkunastostronicowego darmowego ebooka 🙂 Mam nadzieję, że będzie on wprowadzał wiele osób w świat Data Science. Bycie mentorem #DataScience po godzinach jeszcze bardziej zainspirowało mnie do dzielenia się swoją wiedzą.

[Data Science Hacker @DSHacker_tt]

Data Science or Data Analytics? What is best for you?
Check this article!

#DataScience #DataAnalytics #Data #MachineLearning #dshacker #datasciencehacker

https://t.co/InVX2pR1lC

[Data Science Hacker @DSHacker_tt]

5 simple steps for Git/Github beginners. Enjoy!
#github #git #datascience #dshacker #programming

https://t.co/4f8RO5nkR5

[Data Science Hacker @DSHacker_tt]

Researchers at the Seattle A.I. lab created an AI system, that resolves ethical dilemmas. It's called Delphi. Should I drive my friend to the airport if I don’t have a license? Can a machine learn even learn morality? #AI #DataScience #MachineLearning https://t.co/mI8kHQStYD

[The Economist @TheEconomist]

Henry Kissinger's new book, “The Age of AI”, is a salutary warning to handle this technology with care and build institutions to control it. Human values and peace must not be taken for granted https://t.co/yjikYTF2pl