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Faisal Islam Profile picture
@faisalislam
Aug 8, 2019 • 3 tweets • 2 min read • Read on X
PM has today sought to address one of the issues raised by Wellcome Trust in letter they wrote a fortnight ago about scientist recruitment...
PM gave this brief live address on Facebook in last hour after visit to Culham fusion reactor saying he was changing the immigration rules to attract foreign scientists - more on #BBCNewsSix shortly: facebook.com/10downingstree…
... there’s a red bus on the Number 10 mantelpiece....

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More from @faisalislam

Faisal Islam Profile picture
Jun 19
NEW

UK publishes 10 year Infrastructure Strategy…

£9bn a year maintenance funding for “crumbling” schools, hospitals and courts

No pipeline published today (was 660 strong last time) but promise of one soon.

One mention of Northern Powerhouse Rail (further information soon) Image
Full strategy here:

assets.publishing.service.gov.uk/media/6853c5db…
Interesting bit on Oxford-Cambridge Corridor/ Arc… obviously incredible potential here.

The Liverpool-Manchester Northern Arc think they can create more GVA than Oxbridge, because they fundamentally have more space… Image
Read 9 tweets
Faisal Islam Profile picture
Jun 7
🚨 Mind blowing interview with Turing award-winning Yoshua Bengio for @BBCNewsnight one of the three founding fathers of AI, is now warning:

“The worst-case scenario is human extinction.”
AI isn’t just risky — it could end us.
1/10 🧵
📺
2.
 🤖 He warns that today’s most powerful AIs are already learning to lie, cheat, even blackmail —
because we’ve trained them to win.
Bengio reveals AI's "scary behavior" & self-preservation tendencies. #AI #AISafety #Blackmail

📺
👁️ In chilling experiments, AI lied to a human to get its task done, says Bengio

🤖 blackmailing an engineer after reading in an email it was going to be replaced.
♟️ choosing to hack a computer to win a chess game

3/10
📺
Read 11 tweets
Faisal Islam Profile picture
Apr 12
Well, well, well.

US customs messaging note quietly slipped out last night shows that smartphones, the number 1 Chinese export to the US by value last year, exempted from the 125% tariff… alongside chips, processors, wafers, lcd panels, LEDs etc…

8517.13.00.00
Smartphones Image
Image
US has excluded the single biggest Chinese export, and certainly the most high profile finished good from the tariffs, without publicly announcing it…

Avoiding the very public repricing of IPhones etc across Apple stores, but only in the US….

x.com/faisalislam/st… x.com/faisalislam/st…
While obviously smartphones/ iPhones being exempted is big news for now…

Here’s full list of exemptions according to Harmonised US tariff codes that I plugged into its database… lots of semiconductor parts, circuits, processors, solid state storage, flat panel touchscreens 👀 Image
Image
Image
Image
Read 5 tweets
Faisal Islam Profile picture
Apr 8
Author of Mar A Lago accord concept that US tariff agenda is basically designed to cause negotiated dollar weakening, (now WH chief economist), gave speech yday which basically suggested that reserve status for dollar was a burden which others might need to “write checks” for Image
turns on its head the famous description of ex French President then fin minister Valéry Giscard d'Estaing the US enjoyed an “exorbitant privilege” with $ reserve status…

Instead Administration appears to believe this is an exorbitant burden for which US should be remunerated.
It’s part of a narrative that seeks to paint new tariffs (accepted without retaliation) as justifiable payment for burden of strong dollar (eg on US manufacturing exports and jobs)… this new mindset is extremely consequential. The tariffs aren’t going.

whitehouse.gov/briefings-stat…
Read 8 tweets
Faisal Islam Profile picture
Apr 4
👀

President just shared a video on Truth Social saying “Trump
Is purposely CRASHING the market” in order to lower US Treasury yields and the dollar.

The Mar A Lago theory I wrote about two months ago, written by his chief adviser that said tariff chaos would lead to $ deal Image
Here’s the video…

Dow down another 1000 points…

Obviously RT are not endorsements but why is the President choosing to share this stuff? And if you are another country seeing this, how do you negotiate with this?
Great to see the World Cup* trophy on this historic trade war document…

* the one being shared with Mexico and Canada Image
Read 9 tweets
Faisal Islam Profile picture
Mar 30
👀 From Navarro’s numbers auto tariffs will raise $100bn a year (on $240bn imports) can replicate this calculation by assuming all imports hit by 25% and then US manufactured cars taxed about half that to reflect foreign content…

No exemptions tho…

…that assumes no behavioural change.

Note: will be a lot of behavioural change in supply and demand.

also says tariffs in general will raise $600bn a year of $6 trillion over a decade.

As total goods imports are only $3 trillion a year… “Liberation Day” equivalent of 20% universal tariff??
👀

Indeed Washington Posts chief Econ writer reports President instincts are to go bigger on “Liberation Day” … are we underpricing the return of the universal tariff? It would explain the otherwise inexplicable Navarro numbers this morning,..

x.com/jstein_wapo/st… x.com/jstein_wapo/st…
Read 10 tweets

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