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  She blamed  the reaction not only on what she described as the left-leaning orthodoxy of the economic establishment but also on liability-driven investments (LDI), which pension funds use to cover their obligations. LDI's were at the centre of the market turmoil following her mini-budget. The Bank of England building is reflected in a sign, London, Britain, on Dec. 16, 2021.  (Reuters/Toby Melville) Truss also said she had underestimated "the resistance inside the Conservative parliamentary party to move to a lower-tax, less-regulated economy" and a drive on the global stage to "limit competition" between major economies.

  Those events are but the latest examples of an essential truism: If America is to secure its future, it must control its own technological destiny. This means that it no longer can outsource its technological development to countries that increasingly appear to be adversaries. Instead, it must rebuild its domestic innovation and production base. While Silicon Valley and Boston remain the envy of the global technology world, America is also fortunate that this need for a national response has come to the fore just as technological centers in what Intel CEO Pat Gelsinger calls the “Silicon Heartland” are reaching prominence. Gelsinger’s firm recently put this concept to work by investing $20 billion in a chip manufacturing facility in Columbus, Ohio. Another town emerging as a potential technology hub is Syracuse, N.Y., where Boise, Idaho-based Micron has announced a $100 billion investment in a mega-chip facility — the largest single investment in the state’s history. JMA Wireless...