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Walmart employees get 10% off all groceries in a timely cost of living gesture.

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China based appliance maker Haier which owns GE Appliances will invest $3 billion in US factories starting in 2025.

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There is a clear warning in this WSJ report by Jonathan Weil of the opaque manner financial reports of some private equity are done, which take the lack of transparency in general of private equity funds to an astonishing level. One private equity fund gives information on some transactions in footnotes that run 3 pages- actually shown here. The report highlights the practice of private equity of buying funds on the secondary market at hugely discounted prices and marking them up immediately by upto 1000% to show large returns. How on earth are private equity funds not going to damage their reputations if they take up the task of investing the retirement funds of American's 401 K's. Historically these funds have been kept away from private equity. As their returns dwindle private equity funds including Blackstone are trying to get the US president DJT to allow private equity to manage retirement assets of ordinary Americans who can ill afford such investments.   ...

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The country is Turkey and the plant will supply 10% of Turkey's needs, about the size of the electricity for the city of Istanbul. Russia will build, and run the plant for 40-50 years in a new arrangement.

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Issues about getting the American narrative right in America's museums. The American continent was settled in the 1500's by the Spanish, and in the 1600's and 1700's by the French and the British with the founding fathers coming from the generation of British settlers families in the 1700's. Much of this early period is covered by the classic history of this period by Francis Parkman. This history much of it unknown to most Americans in 2025 starts with Count Frontenac in 1620 and ends with the contest between Montcalm and Wolfe of the French and English Empires, long before the founding fathers of the United States, which contest Parkman says could have gone either way but for some flaw in the French. From this emerged two nations Canada keeping it's French heritage in Quebec and the United States. South Carolina and Georgia formed only a small fragment of this vast continent and its history, starting with the Indian tribes that had first settled this continent going back to 1000. ...

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Youth Rehabilitation Act and 60-70% of DC crimes that fall under this Act in 2025, are creating a huge public safety problem in the nation's capital. Here Jeanine Pirro, US Attorney for District of Columbia, describes the problem where the law is so lenient on youth offenders that it has increased crime levels in DC to where residents and visitors to the capital from 51 states in the country and from other countries do not feel safe in the national capital. Pirro says that from 2022 to 2024, 60 percent of all sentences imposed in D.C. Superior Court for carjacking were eligible for sentencing under YRA,  71 percent of all armed carjackings, 69 percent of all armed robberies, and 61 percent of all assaults with intent to kill. Showing that youth crime is the dominant factor and the three laws mentioned here are simply not working and making people feel unsafe in their own neighborhoods. DJT and Attorney General Pam Bondi highlighted this situation at a press conference yesterday with the federal government stepping in to support law enforcement in the nation's capital. ...

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China State Shipbuilding and China Shipbuilding Industry merge in $16 billion merger August 2025. The companies were split up in 1999. In an effort to create scale the companies are being merged. This company is building China's first aircraft carrrier the Shandong. China's main port is at Quingdao in the northeast.

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Gill Siraj in Test Series against England in June-July 2025. Gill's batting record next only to Don Bradman's legendary batting record. The resilience of the Indian team was tested throughout the five Test matches losing at Headingley to come back with a 336 run win at Edgbaston, losing at Lord's by 22 runs to comeback to win at the Oval in London by 7 runs.

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A lot could go wrong says Moody's if private equity is allowed into retirement funds. It could also hurt the reputation of private equity funds such as Blackstone who are moving in this direction. Empower, the second largest retirement manager is moving in a different direction by partnering with Apollo and bringing inprivate equity into retirement funds. For decades there is a clear separation and the lack of transparency and liquidity make private equity to lack the basic features needed in retirement funds. The poor performance of private equity is likely to affect retirement funds, that would do better without private equity and follow the S&P 500 returns, say experts. Under the DJT policies private equity is trying to find a way into retirement funds that poses many risks.

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Indianapolis and Terre Haute in Indiana, Columbus in Georgia, Whitesburg in Kentucky and Hutchinson near Wichita, Kansas are smaller cities in areas that suffered a drain of people in the past. They are cities that offer $5000 to $7000 in 2025 to remote workers to attract them to move back to the midwest and central states.

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WSJ on Intel CEO Lip Bu-Tan and ties to Chinese chip making since 2001 and as an investor through investment firm Walden. Senator Tom Cotton, chair of Intelligence Committee in Senate, questions ties of the new Intel CEO Lip-Bu Tan to China. DJT calls for a new CEO, saying there is no other solution that Tan should resign immediately. Under the Biden Administration and the previous CEO Pat Gelsinger the US government offered $8 billion in aid to Intel to maintain it's leadership in chip making technologies. Gelsinger was ousted by the Board last year after Intel's recovery effort was taking time and replaced with Lip-Bu Tan who was an early investor in Chinese chip makers. There are questions why the acting CEO Yeary is cited in WSJ reports to have considered offering Intel's chip making manufacturing for sale to TSMC to exit manufacturing, after the help Intel had gained of $8 billion from Biden to become the dominant maker of advanced chips in the US- recovering a position lost to TSMC when the US had invented the computer chip. Under DJT that is still the American goal under MAGA.   ...

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Intel Board members disagreements on how to run the company 2025. Lip-Bu Tan replaced Pat Gelsinger as CEO only a few months back.  Pat Gelsinger had a close relationship with Biden and also had close relations with VP JD Vance. Lip Bu-Tan has no such relations and is seen by DJT and Senator Cotton as "conflicted" in his ties to China as an early investor in Chinese chipmakers. DJT calls for Tan's immediate resignation as CEO of Intel in 2025. Lip-Bu Tan left the Board a few months before the ouster of Gelsinger. It now appears that the ouster of Gelsinger as Intel's recovery proceeded but only gradually was a poor decision of the Board.  This report also shows an acting head of Intel Yeary recently considering selling of the manufacturing business to TSMC which is a staggering revelation considering that the US is trying to build its own dominant chip making business in the US, which it had ceded to TSMC in Taiwan after inventing the computer chip. ...

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Baked goods salty snacks and other ultraprocessed foods made up 55% of calories of all Americans in 2021-2023. 62% for children and adolescents, says CDC in 2025. It is an astonishing figure and shows the neglect of health nutrition by business and previous administrations in the US, in an alarming and dangerous way. RFK Jr. at Health and Human Services department, and Rollins at Agriculture department, have made it their life's mission to get America healthy again. And fight the battles, conduct the policy changes that have to be made to do this. Education of the public and making healthy choices available and affordable, are a big part of the challenge today. Individual states such as Iowa and West Virginia, Texas and Florida are already taking it up at the state level in a concerted effort.

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Miran at CEA is DJT choice to replace Adriana Kugler as Fed governor till Jan 2026.

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What is not reported is that the US could accept a shift of some appliance production overseas, what it could not accept is the shift of its manufacturing base in industries it created in semiconductors and technology to Taiwan, China and Japan, South Korea. The economists of the previous administrations were clearly wrong, and the previous administrations did nothing but observe the slow destruction of America's industrial base. It will take 4 years of the DJT administration for the investments to be made in the US, the future administrations will continue this policy. Deng and Kellman in WSJ clearly understate the importance of the policy changes for America's Level Playing Field ALPF. It is easy to say Whirlpool and Harley Davidson won't be coming back strongly soon as the EU, Japan and South Korean makers of appliances and motorcycles will be able to absorb most or all of the 15% in tariffs. Yet it gives them a better  and level playing field to compete with foriegn makers. What is not shown here is that the tariffs will help increase investment in EU and Japanese , South Korean automakers in the US, and will increase with lighter regulation the opportunities for American automakers GM and Ford. ...

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For US automakers each component of the savings above may cover all or more of the $2.5 billion in tariffs some of which may be returned in rebate form to the automakers over 4 years. For example GM CFO is cited as as saying the shift in EV's alone could reduce losses by $2 billion in 2025. That more than makes up for GM's  $1.1 billion losses from tariffs shown in this WSJ report. It is more accurate to say foreign automakers in the US pay $9 billion in tariffs if they don't raise prices, Toyota alone will take on $3 billion in tariffs. And American makers Ford, GM, Chrysler Stellantis pay $2.5 billion of which some of it will be returned to the automakers inthe form of favorable policies to increase market share of US automakers with the 15% on imported cars and savings from not having to make electric vehicles in volumes that don't sell without the charging infrastructure, and savings from not having to invest on rapid conversion away from gas powered vehicles.    ...