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Raghuram Rajan, former chief economist of the IMF, is appointed the chief economic advisor to Indian prime minister Manmohan Singh. He says his focus is on increasing foreign investment, including letting foreign banks operate in the country, reducing waste in food storage and distribution, and promoting new business so that growth does not depend largely on the large companies in the country.

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The details of a $2 trillion rescue package for business, the economy and households which was passed in the U.S. Congress. The U.S. government plans to take stakes in airlines in return for assistance. Some of the aid $25 billion is in the form of direct grants and some $25 billion in the form of loans. This is how it breaks down in the legislative text as shown in WSJ. To keep businesses open and from laying off employees- $454 billion loans for large companies, and $349 billion for small business loans. Safety net for families. Payments directly to households $301 billion. Unemployment insurance payments $250 billion. Support for the public health systems in states, and private health systems to tackle the health crisis and meet new needs of $117 billion. Aid to states  $150 billion To maintain flow of goods. Direct grants to cargo carriers and airlines of $29 billion. Other $198 billion.     ...

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Queen Elizabeth opens the Elizabeth Line in London and uses a 6 pound Oyster card. The Crossrail project crosses London from east to west and is the most important London transportation project of decades, the largest infrastructure project in Europe. The total cost 19 billion pounds with 5.1 billion pounds from the government. It was first thought of in the 1800's and part of a Rail study in 1974. 

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New laws place fines on buildings that do not meet carbon emissions standards. Buildings in New York such as 277 Park Avenue face $1.3 million in fines. It is leased by JP Morgan Chase and is now at 25% vacancy. Chase Bank is building its own tower with zero carbon emissions and will move to this tower when completed. Other similar buildings in NY and across the country face similar fines.

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Venezuelan illegal immigrant lawsuit reaches US Supreme Court for birthright citizenship. What did the US Supreme Court rule? Alongside we provide the summary of the US Supreme Court landmark decision which is coming in two parts, this being just the first. Simply stated the US SC ruled that district courts can give the plaintiffs relief in their individual circumstances but do not have the authority to extend this to into a "universal injunction." Three states and a Venezuelan illegal immigrant allowed into the US under the asylum policy make the case. And each case may have individual merits but does it apply to a whole geopolitical event? Yet the sheer numbers, the scale running into millions of people, amounting to it being an invasion, a geopolitical event resulting from Bush-Obama-Trump-Biden failures to assert the Monroe Doctrine and prevent intervention by foreign, specifically European powers in the affairs of the American continent. Yet at no point in the administration of the last 9 years has this situation been anticipated or this situation been singled out as one that no asylum policy of any nation is designed to tackle. The efforts to fix things as far away as the mountains of the Hindu Kush have frittered away the important resources of the US military to maintain the Monroe Doctrine. It can be said that the basic error was not to see president Monroe's policy for what it was - an effort to prevent the French, the Spanish or some other European power to bring back colonial rule or in some ways unsettle the affairs on this continent. The US Supreme Court is aware of the surroundings of this event as it takes up the issues of immigration and efforts by foreign powers to unsettle the fabric of the Nation. ...

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Some local governments in China are making vaccination mandatory. China is setting a goal of getting 64%  of the population fully vaccinated by the end of 2021. In European Union countries mandatory vaccination by country or region is now being put in place to fight new coronavirus variants that spread faster in the population. The reopening of economy, business and tourism is increasing the risk from variants in summer 2021. The mandatory vaccination is a way to increase the percentage of the population that is vaccinated. Getting younger people who lag behind to get vaccinated is important to protect the percentage of the elderly population that is still not vaccinated. There are risks also to the younger population as seen in previous waves of the pandemic. The initial hesitation to make health pass showing a person is vaccinated mandatory was because only a small fraction of the population was vaccinated in Europe. Now that over 50% are vaccinated in most EU countries and UK, that hesitation thinking that it is discriminatory to those people who did not have access to vaccines no longer exists. Ample vaccine supplies and the misinformation spread about vaccines are making action on health pass necessary to protect the overall population. National governments in France, Denmark, Austria, Greece, and local governments in Germany, Portugal and other EU countries such as Ireland, Italy, see the danger from coronavirus variants that spread quickly as too big to take any risks a second time. ...

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This is about Governor Newsom, Biden, Michigan and what the Media just doesn't get. Governor Newsom said in South Haven, Michigan yesterday- "I believe in this man. I believe in his character. I believe that he has been one of the most transformative presidents in our lifetime." One has to go back to FDR and Truman to understand Biden. FDR and Woodrow Wilson were the leading transformative presidents of the last one hundred years. FDR and Truman had to overcome many problems to provide the leadership America needed in critical times as the nation turned from a largely agricultural country to and industrial nation, through wars and economic upheavals. Biden is tackling one of these difficult periods in the Nation's history and is bringing exceptional experience, conviction and ability to this task.

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Efforts to explore ways to end the Ukraine war with Ukraine's participation will take place next week at the Munich Security Conference to be attended by JD Vance from the US.