As US-China relations sour, Taiwan’s value as a ‘chess piece’ may rise

Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington hav


Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington hav
As US-China relations sour, Taiwan’s value as a ‘chess piece’ may rise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: shirley tay
Keywords: news, cnbc, companies, taiwans, sour, chess, ustaiwan, tsai, chinese, rise, china, grossman, uschina, trump, relations, beijing, taiwan, value, piece, president


As US-China relations sour, Taiwan's value as a 'chess piece' may rise

Taiwan’s President Tsai Ing-Wen waves to assembled guests from the deck of the ‘Ming Chuan’ frigate during a ceremony to commission two Perry-class guided missile frigates from the U.S. into the Taiwan Navy, in the southern port of Kaohsiung on November 8, 2018. Chris Stowers | AFP | Getty Images

As the United States and China remain deadlocked in a deepening dispute over trade and technology, some experts say Taiwan’s value as a bargaining chip has increased. The self-governed island — which Beijing deems to be a renegade Chinese province — is one of many flashpoints in the rivalry between the world’s two superpowers. Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Under the Chinese Communist Party’s “One China” policy, the self-ruled island is part of mainland China. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington have been seen by Beijing as U.S. support for Taiwan’s independence movement. At the Shangri-la dialogue in Singapore last weekend, Chinese Lieutenant General Shao Yuanming said Washington’s support for Taipei has sent “terribly wrong signals to Taiwan’s independence forces, which could undermine regional peace and stability. ” “If anyone wants to separate Taiwan from the country, the Chinese military will resolutely defend the unity of our motherland at all costs,” Shao added.

‘Upgrade’ in US-Taiwan relations

The U.S. using Taiwan as a card is a new factor in the dynamic of the trilateral relationship that “really did not exist” before President Donald Trump came into power, said Bonnie Glaser, senior advisor for Asia at Washington-based think tank Center for Strategic and International Studies (CSIS). “Trump is a transactional president and he often seems to be willing to put anything on the table,” she told CNBC. On the military front, the Trump administration has ramped up arms sales to Taipei over the years, invoking the ire of Beijing. Washington is reportedly preparing a sale of more than $2 billion worth of tanks and weapons to Taiwan. Diplomatic issues have also come to the fore. In May, high-level security officials from the U.S. and Taiwan met for the first time in nearly four decades, drawing an angry response from Beijing. Chinese Foreign Minister Lu Kang said Beijing is “strongly dissatisfied” with and “resolutely opposed” to any official meetings between the U.S. and Taiwan. “I believe we’re inching closer & closer to Beijing’s redline on US-Taiwan senior official mtgs–those that are publicized at least,” Derek Grossman, a senior defense analyst at California-based think tank RAND Corporation, said on Twitter after the U.S.-Taiwan meeting.

Chinese President Xi Jinping arrives for an event to commemorate the 40th anniversary of the Message to Compatriots in Taiwan at the Great Hall of the People January 2, 2019 in Beijing, China. Mark Schiefelbein | Pool | Getty Images

Grossman told CNBC on email that his understanding is that such meetings “have been ongoing for some time in private.” “My hunch is that it was publicized this time via intentional leak from one or both sides to signal to China that the upgrade in U.S.-Taiwan relations is here to stay,” he added.

Taiwan’s next leader is key

Taiwan is set to have its presidential elections in January 2020 — and experts said the polls would likely determine the direction of cross-strait ties. Grossman said that if the incumbent Taiwanese president Tsai Ing-Wen is re-elected, which is “likely,” cross-strait tensions are likely to escalate further from 2020 to 2024. Glaser from CSIS echoed that sentiment, adding that if a candidate from the independence-leaning Democratic Progressive Party was elected, China would ratchet up military, diplomatic and economic pressure. “I think the Chinese would be worried that there’s always this potential for things to go in a very negative direction because the combination of Trump being president and the possibility that Tsai gets re-elected … could really embolden Tsai to move toward the direction of independence,” she added.

China could miscalculate and think the United States would get involved in a conflict, and that would really be a very dangerous situation. Bonnie Glaser senior advisor for Asia at the Center for Strategic and International Studies

According to Grossman, the best hope for keeping tensions under wraps would be if a candidate from the opposition Kuomintang (KMT) party wins the next Taiwan presidential race and recognizes the “One China” policy. That said, Grossman added, public opinion polling in Taiwan has shown that voters will not likely support the opposition KMT in doing so. “The Taiwanese have been observing how China’s ‘One Country, Two Systems’ approach has worked out in Hong Kong, and it isn’t too inspiring,” Grossman added. A public opinion survey conducted by the Taiwan’s Mainland Affairs Council in May also found that 83.6% of Taiwan opposes Xi’s “one country, two systems” policy.

A ‘small’ risk of escalation


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: shirley tay
Keywords: news, cnbc, companies, taiwans, sour, chess, ustaiwan, tsai, chinese, rise, china, grossman, uschina, trump, relations, beijing, taiwan, value, piece, president


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Weight Watchers calls on Oprah Winfrey to help sell wellness

Weight Watchers is scrambling to clarify its new name, WW, and mission after a poorly executed rebranding campaign left consumers confused and membership numbers tanking. Weight Watchers did not respond to requests for comment. “If I was going to assess what the [problem] was, it wasn’t granular enough,” Grossman told analysts on a call Tuesday. “I think it needed to be more weight loss-focused, especially in the January season, and a more aggressive bridge from Weight Watchers to WW it needs to


Weight Watchers is scrambling to clarify its new name, WW, and mission after a poorly executed rebranding campaign left consumers confused and membership numbers tanking. Weight Watchers did not respond to requests for comment. “If I was going to assess what the [problem] was, it wasn’t granular enough,” Grossman told analysts on a call Tuesday. “I think it needed to be more weight loss-focused, especially in the January season, and a more aggressive bridge from Weight Watchers to WW it needs to
Weight Watchers calls on Oprah Winfrey to help sell wellness Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: angelica lavito, source
Keywords: news, cnbc, companies, calls, grossman, winfrey, ww, sell, help, started, wellness, oprah, analysts, weight, company, watchers, told, campaign


Weight Watchers calls on Oprah Winfrey to help sell wellness

WW what?

Weight Watchers is scrambling to clarify its new name, WW, and mission after a poorly executed rebranding campaign left consumers confused and membership numbers tanking.

The 55-year-old company started using the shorter name last year in an attempt to embrace wellness — a buzzy but vague term intended to promote a healthier lifestyle that would attract and retain customers long after they achieved their target weight.

The message fell flat with consumers. Weight Watchers is now forecasting a 10 percent drop in membership during the first quarter, the crucial diet season after the holidays that can make or break a diet companies’ entire year, the company said in releasing its fourth-quarter earnings Tuesday. Shares plunged by roughly 35 percent Wednesday, erasing more than $48 million from Oprah Winfrey’s stake in the weight loss company.

“It’s gone from being a high flying growth company to being a beaten up kind of turnaround situation,”said Linda Bolton Weiser, an analyst at D.A. Davidson & Co.

Weight Watchers did not respond to requests for comment.

CEO Mindy Grossman told analysts Tuesday the company stands behind its strategy, blaming the results on a poorly executed marketing campaign. It’s now turning to Winfrey to help turn things around.

“If I was going to assess what the [problem] was, it wasn’t granular enough,” Grossman told analysts on a call Tuesday. “I think it needed to be more weight loss-focused, especially in the January season, and a more aggressive bridge from Weight Watchers to WW it needs to be more overt.”

Weight Watchers strayed too far from its core weight-loss mission too fast. Grossman assured analysts the company has already started massaging its message and will launch the new ad campaign with Winfrey this spring.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: angelica lavito, source
Keywords: news, cnbc, companies, calls, grossman, winfrey, ww, sell, help, started, wellness, oprah, analysts, weight, company, watchers, told, campaign


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Weight Watchers plans launch of branded meal kits

Look out, Blue Apron, Weight Watchers is coming for a piece of the meal-kit industry pie. The weight loss company is set to launch a line of “quick prep” meal kits at grocery stores, according to a report from Bloomberg. In order for meal-kit services to thrive, companies need to address the convenience, price and flexibility of their subscriptions. In addition to meal kits, Weight Watchers will also start selling kitchen tools along with its branded packaged food. Weight Watchers and Blue Apron


Look out, Blue Apron, Weight Watchers is coming for a piece of the meal-kit industry pie. The weight loss company is set to launch a line of “quick prep” meal kits at grocery stores, according to a report from Bloomberg. In order for meal-kit services to thrive, companies need to address the convenience, price and flexibility of their subscriptions. In addition to meal kits, Weight Watchers will also start selling kitchen tools along with its branded packaged food. Weight Watchers and Blue Apron
Weight Watchers plans launch of branded meal kits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: sarah whitten, source, blue apron
Keywords: news, cnbc, companies, weight, branded, services, mealkit, meals, company, grossman, meal, plans, launch, week, kits, watchers


Weight Watchers plans launch of branded meal kits

Look out, Blue Apron, Weight Watchers is coming for a piece of the meal-kit industry pie.

The weight loss company is set to launch a line of “quick prep” meal kits at grocery stores, according to a report from Bloomberg.

The Oprah Winfrey-backed company already has a partnership with Chef’d, which provides customers with the option to select meals that have been approved by Weight Watchers.

The further expansion into the meal-kit space comes as CEO Mindy Grossman is trying to rebrand Weight Watchers as a healthy lifestyle brand. In February, Grossman said the company was focusing on “inspiring healthy habits for real life.”

The meal-kit industry has exploded since 2012 — quickly becoming saturated with more than 150 companies competing nationally, regionally and locally, all fighting for their share of the $1.5 billion market.

Consumers who flock to these services seek fresh ingredients, convenience and unique recipes. But keeping them engaged is a challenge. In order for meal-kit services to thrive, companies need to address the convenience, price and flexibility of their subscriptions.

It is unclear how much Weight Watchers’ meal kits will cost, but the majority of such kits run between $60 to $75 a week for three meals for two people to $130 to $150 a week for three meals for four people.

In addition to meal kits, Weight Watchers will also start selling kitchen tools along with its branded packaged food.

“Our goal is to be a partner to everyone on their pursuit toward healthier living,” Grossman said in a statement, according to Bloomberg.

Weight Watchers and Blue Apron did not immediately respond to requests for comment from CNBC.

Read the report from Boomberg here.


Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: sarah whitten, source, blue apron
Keywords: news, cnbc, companies, weight, branded, services, mealkit, meals, company, grossman, meal, plans, launch, week, kits, watchers


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Equifax will not survive fallout from massive breach, says technology attorney

There are 23 class action lawsuits and growing against Equifax: Tech lawyer 13 Hours Ago | 04:42Equifax will not survive the fallout from the massive data breach, technology attorney Mark Grossman predicted on Thursday. There are 23 class-action lawsuits filed and a congressional investigation, as well as lawsuits that may be yet to come, he told CNBC. The House is also holding a hearing on the matter, with Equifax CEO Richard Smith expected to testify on Oct. 3. The breach exposed names, Social


There are 23 class action lawsuits and growing against Equifax: Tech lawyer 13 Hours Ago | 04:42Equifax will not survive the fallout from the massive data breach, technology attorney Mark Grossman predicted on Thursday. There are 23 class-action lawsuits filed and a congressional investigation, as well as lawsuits that may be yet to come, he told CNBC. The House is also holding a hearing on the matter, with Equifax CEO Richard Smith expected to testify on Oct. 3. The breach exposed names, Social
Equifax will not survive fallout from massive breach, says technology attorney Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-14  Authors: michelle fox
Keywords: news, games, cnbc, companies, breach, equifax, investigation, grossman, result, technology, fallout, lawsuits, massive, attorney, website, data, pointing, testify, survive


Equifax will not survive fallout from massive breach, says technology attorney

There are 23 class action lawsuits and growing against Equifax: Tech lawyer 13 Hours Ago | 04:42

Equifax will not survive the fallout from the massive data breach, technology attorney Mark Grossman predicted on Thursday.

There are 23 class-action lawsuits filed and a congressional investigation, as well as lawsuits that may be yet to come, he told CNBC.

“We’ve seen a $6 billion loss in market cap, estimated losses from these breaches in excess of $20 billion,” Grossman said in an interview with “Closing Bell.”

“This is ugly. The facts are still unfolding. It’s going to get worse. … We’re pointing to a bankruptcy. We’re pointing to a takeover.”

The Federal Trade Commission said Thursday it is investigating the hack, which could impact up to 143 million Americans. The House is also holding a hearing on the matter, with Equifax CEO Richard Smith expected to testify on Oct. 3. Meanwhile, Senate Minority Leader Chuck Schumer called for the firm’s executives to agree to testify in the Senate.

Equifax did not immediately respond to a request for comment on Grossman’s statements.

However, the credit reporting company said in an updated post on its website that the breach, which it identified internally in late July and disclosed to the public last week, was the result of criminals exploiting a vulnerability in a website application called Apache Struts.

“We continue to work with law enforcement as part of our criminal investigation,” the company said.

The breach exposed names, Social Security numbers, birth dates, and other identifying information as well as credit card numbers.

Grossman thinks it is almost inevitable that this will result in a new cybersecurity law.

“I see this as the straw that broke the camel’s back. When you think about it and you compare our privacy protections to what they have in the EU, it’s a joke in this country,” he said.

For example, in Europe, citizens have the “right to be forgotten” and have data removed from online, he noted.

— CNBC’s Liz Moyer and Linda Sittenfeld contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2017-09-14  Authors: michelle fox
Keywords: news, games, cnbc, companies, breach, equifax, investigation, grossman, result, technology, fallout, lawsuits, massive, attorney, website, data, pointing, testify, survive


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Sierra Nevada is taking its Beer Camp global, casting a wide net for craft brew lovers

“The ‘what’s new’ and ‘don’t want to drink the same beer twice’ mentality is a little challenging at times for our industry,” Grossman said. With consumers so eager for new brands, “they don’t want to continue to drink the same beer – or even beer from the same brewery.” Further complicating matters, many craft brewers are getting squeezed on both ends of the marketplace. “There is certainly some concern about the blurring of what craft beer is, its roots and fundamentals and the large breweries


“The ‘what’s new’ and ‘don’t want to drink the same beer twice’ mentality is a little challenging at times for our industry,” Grossman said. With consumers so eager for new brands, “they don’t want to continue to drink the same beer – or even beer from the same brewery.” Further complicating matters, many craft brewers are getting squeezed on both ends of the marketplace. “There is certainly some concern about the blurring of what craft beer is, its roots and fundamentals and the large breweries
Sierra Nevada is taking its Beer Camp global, casting a wide net for craft brew lovers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-06-16  Authors: tom rotunno, photo courtesy sierra nevada brewery, -ken grossman, founder, ceo, sierra nevada brewing
Keywords: news, games, cnbc, companies, taking, nevada, net, lovers, beer, wide, sierra, casting, grossman, drink, digital, brewers, anheuserbusch, brands, craft, theyre, global, certainly, camp


Sierra Nevada is taking its Beer Camp global, casting a wide net for craft brew lovers

As consumer tastes and preferences have changed, Grossman said Sierra Nevada has worked to adapt and innovate in an effort to satisfy beer drinkers looking to experiment across a range of styles.

The task is not always easy, he told CNBC.

“The ‘what’s new’ and ‘don’t want to drink the same beer twice’ mentality is a little challenging at times for our industry,” Grossman said.

“Having consumers loyal to a brand is the basis for how beer has been built in this country,” he added. With consumers so eager for new brands, “they don’t want to continue to drink the same beer – or even beer from the same brewery.”

Further complicating matters, many craft brewers are getting squeezed on both ends of the marketplace.

On one end, global giants like Anheuser-Busch InBev and MillerCoors continue to purchase smaller craft brewers—boosting those brands with their large scale production, marketing and distribution systems.

“There is certainly some concern about the blurring of what craft beer is, its roots and fundamentals and the large breweries are certainly very sophisticated,” Grossman said. “They’re doing a very good job of disrupting the craft space, and I think that’s their intent. They’re being very effective at how they are approaching the market place.”

Then there are the smaller players, relying on many beer drinkers desire to “drink local.”

“There a lot of very small brewers that maybe produce a few hundred kegs a year [and] are popping up around the country,” said Grossman. “They’re finding a few bars and restaurants who will support their branding, making it a little more challenging for more established brands to get on the shelf or get into the bar for a tap handle.”

Brands are also branching out, with the recent launch of digital beer-centric publicatoins properties like October, Beer Neccessities (owned by The High End, an Anheuser-Busch division) and RateBeer, a site containing a vast library of user generated beer reviews.

Eyebrows were raised after it came to light that Anheuser-Busch quietly purchased a minority stake in RateBeer, prompting some craft brewers to ask for their products to be removed from the site given the conflict of interest. Grossman told CNBC he’s also considering a similar move for Sierra Nevada, amid what he called a “big debate” about beer brands’ involvement in digital media.

“We’re certainly looking at the changes that are happening in the marketplace in areas like the digital space, so it’s something that’s high on our radar right now.”


Company: cnbc, Activity: cnbc, Date: 2017-06-16  Authors: tom rotunno, photo courtesy sierra nevada brewery, -ken grossman, founder, ceo, sierra nevada brewing
Keywords: news, games, cnbc, companies, taking, nevada, net, lovers, beer, wide, sierra, casting, grossman, drink, digital, brewers, anheuserbusch, brands, craft, theyre, global, certainly, camp


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New hacking threats: Fingerprint vulnerabilities and sophisticated ransomware

The latest hacking threats were WannaCry, a type of ransomware, and Adylkuzz, malware that takes over computers and servers to solve complex math equations that mine, or create, virtual currencies like Bitcoin. Ransomware locks up computer files and demands payment to get them back. Each malware is known as a worm, malicious software that spreads from connected computer to computer without the user needing to click on a link or download a file. These threats are currently targeting businesses, b


The latest hacking threats were WannaCry, a type of ransomware, and Adylkuzz, malware that takes over computers and servers to solve complex math equations that mine, or create, virtual currencies like Bitcoin. Ransomware locks up computer files and demands payment to get them back. Each malware is known as a worm, malicious software that spreads from connected computer to computer without the user needing to click on a link or download a file. These threats are currently targeting businesses, b
New hacking threats: Fingerprint vulnerabilities and sophisticated ransomware Cached Page below : :
Company: cnbc, Activity: cnbc, Date: 2017-05-19  Authors: jennifer schlesinger
Keywords: news, games, cnbc, companies, sophisticated, ransomware, malware, software, computer, pay, grossman, threats, vice, hacking, fingerprint, president, losing, vulnerabilities


New hacking threats: Fingerprint vulnerabilities and sophisticated ransomware

A massive cyberattack that struck 300,000 computers in 150 countries earlier this month has begun to slow, but experts warn there is more to come — including the ability to hack fingerprint readers.

“It is going to get worse before it gets better because we’ve becoming more reliant [on technology]… More sophisticated attacks will be hard to prevent,” said Stuart Okin, a senior vice president of product at 1E, a cybersecurity firm that helps companies keep software up to date.

The latest hacking threats were WannaCry, a type of ransomware, and Adylkuzz, malware that takes over computers and servers to solve complex math equations that mine, or create, virtual currencies like Bitcoin. Ransomware locks up computer files and demands payment to get them back.

Each malware is known as a worm, malicious software that spreads from connected computer to computer without the user needing to click on a link or download a file.

These threats are currently targeting businesses, but consumers may face similar threats. The best protection is to buy software from legitimate sources, install updates, use anti-virus and firewall software, and back-up, according to Steven Grossman, vice president of strategy at Bay Dynamics, a cybersecurity analytics company.

“I don’t think I would ever advise anybody to pay a ransom, but the reality is if you’re caught losing your family photos, losing your financial information, and you have no backups, you may be in a difficult situation and try to pay it,” Grossman told CNBC’s “On The Money.”


Company: cnbc, Activity: cnbc, Date: 2017-05-19  Authors: jennifer schlesinger
Keywords: news, games, cnbc, companies, sophisticated, ransomware, malware, software, computer, pay, grossman, threats, vice, hacking, fingerprint, president, losing, vulnerabilities


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