A “new era of shipbuilding” may be dawning in the Philippines. Thus declared President Marcos, who cheered the entry into the Subic Freeport of South Korea’s HD Hyundai Korea Shipbuilding and Offshore Engineering, a global leader in shipbuilding and heavy industries that expects to invest $550 million over the next 10 years and generate around 10,000 new jobs over the next three to five years. HD Hyundai, which will initially focus on offshore wind platforms, forged an
Palo Alto—Whenever I visit Stanford University, with its gorgeous architecture and temperate climate, I tend to succumb to a surreal combination of healthy skepticism and cautious optimism. On one hand, I never bought into the whole techno-optimist hype of “Big Tech” companies in the surrounding Silicon Valley. From laying out underwater fiber optic cables to launching satellites into space and dumping billions on speculative metaverses and cyborgs, the market hegemony of Tech Titans evokes a neo-medieval era of aristocratic self-indulgence with a vengeance. The unjustifiable meta-wealth and puerile rants of Elon Musks of this world are a mockery of our most
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