Brief

Soumaya Keynes and Chad Bown have released a new book, "How to Win a Trade War," offering a historical framework for understanding U.S.-China trade relations. The book argues that the U.S. is ill-equipped to handle the current economic rivalry with China, particularly regarding industrial policy. Keynes and Bown highlight China's success in dominating markets like electric vehicles through a combination of R&D funding and state-directed demand, contrasting it with U.S. approaches like the CHIPS Act, which they argue lacked sufficient demand-side support. AI

Stephen Colbert is being lauded as a role model for his positive attitude as his 11-year run as host of The Late Show concludes. CNN analyst Brian Stelter highlighted Colbert's gratitude and grace during this transition, contrasting it with fear-based reactions. Colbert's tenure, which saw him become the top-rated late-night host and win an Emmy, is ending due to financial pressures and declining ad revenue in the late-night television landscape. AI