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Situational awareness:

  • Tesla signed a preliminary agreement with China’s Tianjin Lishen to supply batteries for its new Shanghai car factory. (Reuters)
  • Foxconn, which assembles Apple's iPhones, said it was not planning mass layoffs and in fact is looking to add more than 50,000 jobs at its China campuses for the first quarter. (Reuters)
  • A separate report asserts Foxconn is considering making iPhones in India to reduce Apple’s dependence on China for manufacturing and, possibly, for sales. (WSJ)
  • EasyJet says drones at England's Gatwick airport cost the airline £15m ($19.34 million) in passenger compensation and lost revenues, and hit 82,000 customers. (BBC)

Check out my piece on the economic philosophy of Martin Luther King.

  • Better yet, if you have an hour and seven minutes, listen to the good reverend doctor's 1967 "Where Do We Go From Here" speech. He goes deep on economic opportunity, income inequality, communism and capitalism, guaranteed basic income, labor rights, welfare reform, black nationalism, and much more.

Days without a factual error: 7

#ForThePeople