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US orders diplomats to fight data sovereignty initiatives

reuters.com

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Re: US orders diplomats to fight data sovereignty initiatives

#71

Post by llm_nerd »

alephnerd wrote: post #60
llm_nerd wrote: post #46

Earlier quoted context omitted.

>American domiciled VCs and companies can outinvest just about any other competitor, Because every investor in the world put their money in the US. They knew the best companies and people would centralize around that hub. When the US is a rogue, isolated idiocracy -- already true, but the world takes time to adapt to this new reality -- how much of that money do you think will flow to the US?

Much of the capital is US originated and domiciled. American public pension funds alone hold $6 Trillion in AUM [0] and American endowment funds hold a little under $1 Trillion in AUM [1], and tend to be the LPs for most VC funds as most institutional investors follow the Yale Investment Model. [0] - https://www.census.gov/newsroom/press-releases/2025/2024-ann... [1] - https://nces.ed.gov/fastfacts/display.asp?id=73

>Much of the capital is US originated and domiciled.

Neither of your citations has any relevance to this at all. That endowments and pensions funds have money...what is your point? Ah, the old HN "look I've provided citations so upvote me, even if they don't support my contention".

Canadians alone hold almost $4 trillion dollars in US securities. Because the US was the centre of the capital universe. Just like we saw it as the centre of the media and music universe. Americans mistook the free world basically anointing the US into some confused notion that it was actually some earned accomplishment.

Re: US orders diplomats to fight data sovereignty initiatives

#72

Post by lostlogin »

pjc50 wrote: post #48
ulfw wrote: post #10

Earlier quoted context omitted.

Most 'diplomats' of the new USA are just grifters like Witkoff or Kushner. Real estate people cosplaying diplomats. The US as the world has known it is gone https://apnews.com/article/france-us-ambassador-kushner-far-...

By no means exclusive to the US (e.g. Peter Mandelson).

We do a mini version of that corruption here in New Zealand too. Owen Glen was a donor who got a diplomatic posting to Monaco.

https://www.odt.co.nz/news/politics/key-concerned-murkiness-...

Re: US orders diplomats to fight data sovereignty initiatives

#74

Post by Beretta_Vexee »

forinti wrote: post #4

How can you be so confrontational and still want people to give you business and data? I really don't envy the diplomats' job at the moment.

The US ambassador to France has just had his access to parliamentarians and members of the government withdrawn because he is trying to turn a neo-Nazi who died in a fight into a political martyr. There are similar situations in Belgium and Poland.

American diplomats have been doing Trump's dirty work for a some time.

I am more concerned about US interference in elections and campaigning for the far right than lobbying for data at the moment.

Re: US orders diplomats to fight data sovereignty initiatives

#75

Post by piva00 »

JumpCrisscross wrote: post #65
yolo3000 wrote: post #56

Earlier quoted context omitted.

Are you sure it's just 'this administration'? I don't think the memory of America as a bully will go away soon, regardless of who comes into power.

> don't think the memory of America as a bully will go away It won't. But going digitally sovereign will cost Europe tens of billions of euros. If there is a friendly race on the other side of the Atlantic, that will not mean the memories go away. But the urgency of the initiative is certainly sapped.

It's tens of billions of euros spent domestically, much better than being siphoned away to the USA to fund this shitshow.

At least the money will keep flowing into our own economy, it will hurt but in the longer term it can only be beneficial.

Re: US orders diplomats to fight data sovereignty initiatives

#76

Post by DrScientist »

Tyrubias wrote: post #12

I can’t imagine how any country would think the US is trustworthy enough to be the place where everyone stores their data. If companies cannot comply with data sovereignty laws then they shouldn’t exist at all. Personally, even as a US citizen, I’m hoping tech companies in Europe and Asia become independent enough to no longer be beholden to US interests. It’s clear that the era where any one country has global hegem…

Depends how much compromising information they already have access to on the politicians concerned :-)

Please don't stop us having access to your information, else we will destroy you with the information we already hold :-)

Re: US orders diplomats to fight data sovereignty initiatives

#77

Post by gib444 »

croisillon wrote: post #3

this is hilarious, just last week i heard american tourists complaining that "they" were subisidzing Europe's lazy lifestyle

A people that largely can't comprehend that people walk to get groceries should not pass comment on Europe being lazy.

Not to mention the tourists that need to spend a couple of weeks practicing 'walking' in order to survive a European trip...

Re: US orders diplomats to fight data sovereignty initiatives

#78

Post by llm_nerd »

yolo3000 wrote: post #56
llm_nerd wrote: post #38

Earlier quoted context omitted.

This administration really, truly lives under the delusion that they hold "all the cards". In every engagement they think it is for them to dictate and everyone else to follow. Any graciousness they show is just kind benevolence. And the "diplomats" of this administration is a rogues gallery of Epstein associates (e.g. pedophile sex-trafficking garbage) and self-dealing criminals. Just a who's-who of garbage. They ar…

Are you sure it's just 'this administration'? I don't think the memory of America as a bully will go away soon, regardless of who comes into power.

Oh for sure, this administration is just a symptom that the US has become an idiocracy levered by a plutocracy. A poorly educated, easily manipulated populace.

Trump is just the result of this, and it isn't going to stop when he kicks it. It'll be the next populist nonsense. The world needs to move on from America.

Re: US orders diplomats to fight data sovereignty initiatives

#79

Post by munk-a »

maest wrote: post #55
croisillon wrote: post #3

this is hilarious, just last week i heard american tourists complaining that "they" were subisidzing Europe's lazy lifestyle

Reminds me of the "US high healthcare costs are subsidising EU cheap healthcare". The rough argument was: pharma companies need big payoffs when they discover a new drug and, due to structural characteristics of the US market, that's where they can get the highest prices. So pharmas make a large chunk of their profits in the US and then sell drugs more cheaply in e.g. Europe. Fairly weak and incomplete argument [1],…

Pharma companies want to make money - they'll charge what the market can bear up to what they're allowed to. Some countries cap this - others don't. In the US the government actually subsidizes medication costs in a graduated manner that allows the price point to be set much higher than a natural market would allow - there are also tools like manufacturer rebates or drug trial cards that can also subsidize the price if you've got more time than money and are willing to jump through the various hoops.

Re: US orders diplomats to fight data sovereignty initiatives

#80

Post by csh0 »

orwin wrote: post #29
forinti wrote: post #4

How can you be so confrontational and still want people to give you business and data? I really don't envy the diplomats' job at the moment.

US 'diplomats' are campaigns big donors, or primary supports. I've eaten with someone who expected to be named diplomat in Europe because he supported Obama by 2007, but was one-uped by a richer donor post-primary.

I think it’s fair to say that diplomats appear to be appointed under a two-faced system.

On the one side you have some diplomats who really are quite capable career foreign policy wonks, appointed in a manner which appears to be meritocratic.

On the other side you have folks appointed, like you mention, as a kind of patronage.

Traditionally, it has been that the softer counterparties (Friendly countries, European allies, small island nations, etc) are staffed with patrons while the more difficult or geopolitically sensitive relationships are manned by professionals, but this is certainly not always true, and one can find many counterexamples.

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