Five in Ten 8/9/22: Pelosi Stunt May Strangle Global Chip Market

China quietly cut off shipments of sand to Taiwan last Wednesday, depriving the country that produces 2/3 of the world’s computer chips of a critical raw material, potentially affecting everything from computers and cars to missile guidance systems.

5) Biden administration was in crisis mode over Pelosi’s Taiwan visit; 4) China cuts off Taiwan’s supply of sand; 3) White House economic numbers don’t add up; 2) Israel passes new law banning use of cash for large transactions; 1) Murder hornet gets image makeover over fears of anti-Asian racism.