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Qingqiao's viewpoint: In February 2024, Trump signed an executive order requiring the restructuring of federal agencies to reduce the size of the government. He has already laid off tens of thousands of employees (in departments such as health and financial regulation) and plans to lay off hundreds of thousands of people in the Department of Labor, State Department, Department of Defense, and other departments. The total number of federal employees is about 2.8 million, and if the layoff plan is implemented, it may affect more than 15% of positions, especially in the public service and regulatory sectors. The institutional design of the separation of powers in the United States has once again shown resilience. In the game between administrative efficiency and legal procedures, unilateral actions often trigger stronger institutional rebounds. History has shown that effective government reform needs to be based on cross party consensus, otherwise short-term "burden reduction" may lead to increased long-term governance costs. This ruling is not only a restriction on the presidential power, but also a reaffirmation of the constitutional order. 01Japan, UK, and Italy jointly develop new fighter jets and plan to export them to Australia and India Japan, the UK, and Italy will launch the Global Air Combat Program (GCAP) in 2022 to jointly develop the sixth generation stealth fighter jet, which is expected to enter service by 2035. The project is led by Mitsubishi Heavy Industries of Japan, BAE Systems of the UK, and Leonardo da Vinci of Italy, integrating advanced aviation technologies from the three countries. The GCAP fighter jet will be equipped with artificial intelligence assistance systems, advanced radar stealth capabilities, and networked combat functions, with performance benchmarking against the US NGAD (Next Generation Air Dominance) program. Qingqiao's viewpoint: The West is reshaping the Indo Pacific security architecture through a 'technology alliance', and the GCAP fighter jet project is not only a military sale, but also a key link in strategic bundling. Through equipment standardization, the US Japan alliance system is incorporating "intermediate countries" such as Australia and India into the same combat ecosystem, forming invisible military technology barriers. This' soft alliance 'is more flexible than traditional treaties, but it also poses more complex choices for regional countries between national defense autonomy and factionalism. 01Panasonic launches global layoff plan, accelerating transition to AI Qingqiao's viewpoint: Panasonic was once known for its "lifetime employment system", but in recent years, it has made significant layoffs and structural adjustments. Panasonic's layoffs are not only a self rescue for the company, but also a microcosm of the forced "transformation" of the Japanese industrial model. In the race between AI and new energy, Japanese companies urgently need to break the inertia of lifetime employment. The departure of these 10000 people marks the end of Japan's era of "comprehensive motors". 01Newark Airport has experienced two radar malfunctions within the past two weeks On April 8th and May 9th, Newark Airport experienced consecutive radar system crashes, resulting in a total of 487 flight cancellations and direct economic losses exceeding $32 million. Qingqiao's viewpoint: The average service life of the equipment involved in the air traffic control center has reached 23 years (exceeding the standard service life by 8 years), and 31% of key positions are vacant. The starting salary for air traffic controllers is only $45000, which is 42% lower than that of private airlines, and the industry wide vacancy rate is expected to reach 28% in 2023. Similar aging air traffic control systems also exist in hubs such as Chicago and Los Angeles, and the Newark incident may only be the first apparent outbreak of systemic risk. The dilemma of the US aviation industry reflects the paradox of modernity in infrastructure governance: at the institutional level, the cooperation mechanism between capital and public power has become ineffective, with only 17% of aviation infrastructure PPP projects implemented from 2013 to 2023, far lower than Europe's 43%. Secondly, at the human resources level, salary inversion leads to 30% of air traffic control talents flowing into the private sector each year, creating a vicious cycle of continuous loss of professional skills; Finally, at the technical level, the critical equipment has exceeded its service life by 150% of the design standard, allowing the entire system to operate at the critical edge. The Newark incident is like a canary in a coal mine, its warning significance lies in the fact that when the decay rate of infrastructure exceeds its renewal capacity, any local repairs will fall into a death spiral of "reduction shortage re reduction". Qingqiao's viewpoint: From tulips to subprime securities, all asset carnivals that deviate from physical value ultimately have to answer the soul questioning of 'who will take the last stick'. The current glory of cryptocurrency may be laying the groundwork for the next 'digital Lehman moment'.
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