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Bitterfield Germany near Berlin and rare earth minerals making, as Germany seeks alternative sources for rare earth supplies. Rare earth mineral made in Bitterfield is neodymium which is needed for next generation energy, automobile and defense industry.

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China's COSCO taking an ownership stake in Hamburg port was opposed by the Greens and Free Democrats parties in the three party coalition government with the SPD in Germany. Scholz of the SPD went ahead over their opposition saying this will preserve jobs in Hamburg port. In the compromise reached the ownership is capped at 24.99% so that no foreign country owns a majority stake. At one point Germany's cyber security agency BSI classified the Hamburg port as critical infrastructure.

China is Germany's largest trading partner  for 7 years with trade reaching a record $320 billion.

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This is Zelensky's second visit to Germany, after the first visit in February 2022 just days before the Russian invasion. Meeting German president Steinbrenner is important as the SPD leaders Steinbrenner and Scholz were seen as closer to Russia during the Merkel period. Scholz visited Ukraine in June to see first hand the damage to civilians with Macron and Italian prime minister Draghi. A settlement to the war in Ukraine could depend on Ukraine making gains with its counteroffensive with German, UK and American military assistance. Germany UK and US have expanded their assistance to Ukraine. Before the trip to Germany Zelensky visited Pope Francis. China has also sent its top diplomat to France, Germany and Russia to come up with a solution. 

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This Washington Post report shows elder cost where you live in the US. Out of 5.9 million Americans over 85 years 50% live with family, including spouses and adult children, 40% live alone including assisted living facilities, and only 8% live in nursing homes. A quarter live in multigenerational homes, and this is common among Asians, with Filipino families tending to live together. In Florida 57% of seniors over 85 years live with family and spouses, and in Texas 31% live in multigenerational households. Hawaii has the highest number of people over 85 years living with their families- 61%. 16% of seniors over 85 years live in nursing homes in South Dakota, highest in the US, and in Louisiana 44% of women seniors over 85 years live alone, according to Census.

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The German labor union GDL is negotiating with Deutsche Bahn. It seeks a 35 hour work week, the reduction of work week for shift workers in rail transport to 35 hours from 28 hours a week. It is also seeking collective agreement for parts of rail infrastructure in Germany. Deutsche Bahn has not accepted this. GDL says there were confidential details of the negotiations leaked to the press including the Bild, and quit negotiations in the recent turn of events. Two strikes affected the rail system as talks fail to reach an agreement.

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France's Griezman plays as a midfielder, but has been given the freedom to drop back or move up to join Mbappe and Dembele in coach Didier Deschamps plan. He could make a big difference in the game against Argentina says DW.com. He has filled the gaps well with injuries to Benzema and Pogba.

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Xi Jinping visits Russia in an effort to start peace talks between Russia and Ukraine. The Russian leader wrote an article in a Chinese newspaper saying he was grateful for China's "balanced" stance on the conflict," and welcomed China's "constructive" role in ending the conflict. Xi Jinping wrote an article in a Russian newspaper Rossikaya Gazeta saying "complex problems do not have simple solutions."

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43% of Germans are willing to fly less often and 40% willing to use less heat to combat climate change, according to a YouGov survey for Welt am Sonntag. Only 13% willing to give up private transport.

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Germany's EVG transport workers union reached an agreement with Deutsche Bahn on wage increases. EVG asked for 650 euros a month. After months of 1 day strikes both sides agreed to arbitration in June. The new agreement gives workers wage increases of 410 euros ($443) a month in 2 stages over 25 months, 200 euros in December and 210 euros in August 2024. And a tax free one off payment of 2850 euros in October. Negotiations of DB with the train drivers union GDL lie ahead with GDL asking for increase of 550 euros a month and one time payment of 3000 euros. For the first time as in the US with president Biden the German government of SDP and Greens of Scholz supports agreements that provide workers with wages adequate to meet the cost of living and dignity of living.

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Biden sends Yellen and Blinken to Beijing in April 2024 to meet with premier Li Qiang and foreign minister Wang Yi to improve relations with China. Xi says China and the US can work through their differences including on Taiwan. As tensions increase in Europe with Ukraine and with another election cycle in the US, it is essential that the US, China, India and the EU work though differences on Taiwan and the Indo-Pacific, and plan ahead for a future peace settlement in Ukraine with the support of all nations, especially ones with which the US and EU, have a strong trading and economic relationship. China needs export markets as its construction industry stalls and increases investment in manufacturing. The US continuing strong investment in manufacturing in the US, continuing to trade with China on a level playing field. Both sides have economic interests, and interests of the world to advance peaceful cooperation. 

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German foreign minister Annalena Baerbock says a few rich fossil fuel states and emitters have "ripped" off the countries most affected by climate change.

Baerbock said of the COP29 talks at Baku, Azerbaijan-

"As the EU, we strongly oppose abandoning the path set in Dubai. What we need now is a coalition across continents for the climate."

"We are in the midst of a geopolitical power play by a few fossil fuel states."

"We Europeans will not allow the most vulnerable states in the world, especially the small island states, to be ripped off by some of the new [rich fossil-fuel] emitters."

 

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There is a clear difference between Biden and Trump on the Climate. Biden put the US back into the 2015 Paris Climate Change Treaty in fight against climate change after Trump took the US out of it. Trump supports coal and oil & gas. Biden is working to phase out of coal and fossil fuels in a way that still keeps the economy strong. There is place where the difference is so starkly clear. Expect climate change events, storms, fires, floods to grow under Trump, and storms, fires and floods to be made to recede under Biden with strong climate change action.

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Rail workers in Germany go on strike for a 12% wage increase, rejecting a 5% increase offered by Deutsche Bahn.

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About 4.2 million Americans will be 65 years old in 2024, and for the next six years about 4 million will be added to the 65 plus population each year making the 2030 population of 65 plus larger by about 24 million people. As America ages it will need more young people to do many jobs in healthcare, care for the elderly, in agriculture and transport. This is what we are seeing in Japan and even a country highly protective of its own culture has a policy of admitting immigrants from Vietnam and other countries to meet worker shortages. Claire Ansberry looks at the 65 plus population today and compares it to 35 years ago and finds it is more oriented to exercise, health, and has more accumulated wealth. About 20% of people over 65 years work today compared to 15% 35 years ago, says Pew Research, and of these working 65 year olds two thirds are working full time compared to half in 1987. They are wealthier having median net worth of $410,000 today compared to $282,000 in 2010 much of the 45% gain made in the last 2 years from rising house prices and stock investments. Those over 75 years have a 13% gain. Overall the wealth is significantly higher today. ...

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The home ownership rate for the U.S. in March 2012, is 65.4%, the same rate as in 1997 before the housing bubble, according to the U.S. Census Bureau. The irony of this is that the housing bubble was inflated by politicians in Congress and mortgage lenders and purchasers of mortgage securities. Fannie Mae and Countryside worked together ostensibly to promote home ownership while pursuing profits. In the case of politicians they pursued goals of raising employment and growth without understanding the risks of artificially inflating home ownership, and without consideration for incomes of subprime borrowers. A less benign view of the interests and goals of politicians comes from reflections on the impact of political lobbying by Fannie Mae and other housing lenders in the U.S. Congress. The consequences in terms of foreclosures have been devastating for minorities as well as other middle class homeowners. It has also damaged the U.S. banking system, credit growth in the economy and prospects for recovery, which will take years to correct. The federal government is also saddled with large losses at Fannie Mae because of its quasi government agency role. That role led to inflation of the bubble. Most of the consequences will be borne by middle and lower income households in the U.S. The pass-through effects in a global economy affect Europe, and emerging market countries. ...