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Fed's Powell sees only a temporary slight effect of DJT tariffs on inflation to 2.7% in 2025 that he says can be "looked through without action by us." Fed will wait for clarity in coming days and weeks. Powell says in March 2025 “It can be the case that it’s appropriate sometimes to look through inflation if it’s going to go away quickly without action by us. And that can be the case in the case of tariff inflation.” Tariffs are intended as they were in the first term of DJT and retained by Democrats led by Biden to create a level playing field after hidden subsidies by China, and to rebuild American manufacturing. New investments in manufacturing and in infrastructure supported by both DJT and Biden have brought new hope and vigor to comunnities and towns across America. For far too long as Powell understands textbook economic theory at Ivy League universities that had no connection to reality was used by American business to turn its back on communities and towns across the 51 states and the Nation. ...

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Talk of Starmer as "tough as old boots" as he recharts Labour's response to Reform UK. Labour releases videos of people being deported - 16400 deportees in 2025. The Times says half of them left voluntarily and the media telling a different story of small boats and smuggling networks continuing to bring migrants.  Will it work asks The Times of London. Reform UK passes Labour in public support in polls in February 2025. Already it has taken a large part of Conservatives public support with Conservatives split further under Kemi Badenoch whose future is uncertain following repeated changes in Conservative leaders. Here is what Starmer is telling Labour ministers and he is listening to 67 MP's facing Reform UK as the top challenger-that if Labour was not going to be “disrupted”, it had to become the "disruptor." To Reform UK's “politics of grievance”, Labour needed to provide serious “politics of answers”. Instead of “defenders of the status quo”  seek out the spirit of “insurgency of opposition into government”. ...

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Dulles with closeness to Churchill assumed a benevolent perception of the British Empire in Asia even with the enormous suffering and lack of development in China and India from the policies of the British. Such perceptions continued under Kissinger/Nixon, and Reagan/Rumsfeld. John Foster Dulles was Eisenhower's Secretary of State during the Cold War. He stated his ideas in Foreign Affairs in 1957 that were colored heavily by the China conflict (1949) Korean conflict (1950)  the Vietnam conflict (1954), the Hungarian Revolution (1956), and the struggle with the Soviet Union. Many of his ideas continued through the 1960's to the 1980's determining US policy in Vietnam, towards China and India, and in Rumsfeld's policies in the Middle East that involved the US in local and religious wars.  Dulles sought to respond to the aspirations of colonized nations in Asia - China, India, Vietnam- but lacked an understanding of the hundreds of years of colonial rule and suppression of freedom, increasing poverty by lack of investment in education, health and industry, faced by these countries in dealings with the British Empire.    ...

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Compare AI models for versions v2 v3 by DeepSeek that cost $5.6 million with Anthropic AI model that cost $100 million+, and one gets the order of magnitude in cost for the new DeepSeek China model vs its US counterparts.  The hundreds of billions of dollars that OpenAI and big spenders such as Google, Meta, and Microsoft would have to drain capital markets would be a disaster for workers and families in the US and the standard of living, the infrastructure improvements that don't get done, and the investments in transportation and other vital needs such as schools, education and healthcare that directly impact the cost of living and the standard of quality of life in America and other countries. This is where competing models from China, from India, and from European countries can get us back to where we want to be to continue improving the cost of living and standard of living, quality of life in America for workers and families. This is the choice workers and families made in 2020 and in 2025, rejecting the wasted resources in wars that serve no purpose, and rebuilding the Nation's infrastructure, its water, schools, transportation, healthcare, childcare.  ...

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China reduces US share of exports to 15% from 18% -yet with Vietnam made Chinese goods added in it is 21%. 15.8 million job loss for China from US fentanyl tariffs 2025 from one estimate. Chinese businesses are already feeling this, says WSJ. Exports represent 13% of China's GDP and China had redoubled its export effort after the property bubble burst. There are 2 drags on growth property crash and exports tariffs. China has less room for stimulus in 2025 and the government is focusing on bottom line thinking to prepare for hard times. Already companies are cutting shifts and laying off 10-30% of workers in garment, toys and other basic industries. President Xi is preparing for a long struggle reminiscent of how Mao led China to fight the US forces under Gen. McArthur in the 1950's Korean War, says the WSJ. In the past the state subsidy system worked to take huge share of new industries such as semiconductors, smartphones, solar, electric cars. This will be harder now with less money available to invest and drive out competition, and with the US and EU making their own products boosting their industrial and manufacturing base. ...

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US Supreme Court ruling allowing carrying of a concealed weapon in New York lead to action by the State legislature to preserve restrictions on carrying guns. Lower court rulings challenge state legislation leading to confusion.

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The US midterm elections as seen from Europe. This report is in FR24 and shows the fight put up by Mr. Fetterman in every county in Pennsylvania for workers and families by a Democrat.

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Construction flaws plague many of China's Belt and Road Infrastructure projects including a large hydropower project in Ecuador, says this report in WSJ. The cost overruns mean countries are pushed into deeper debt.

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A new 1.6 gigawatt nuclear reactor at Olkiluoto island on the west coast of Finland will produce one third of Finland's electricity. This comes with the cutoff of electricity supplies from Russia.

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Adina Valean, EU commissioner for Transport, is interviewed by the Times of India, during a visit to India. She says India has a critical role to play in manufacturing in the EU aviation supply chain.

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A second election technology company Smartmatic has a $2.7 billion defamation lawsuit against Fox News Network. It says FNN falsely implicated the company in a bogus narrative about vote rigging in the 2020 presidential election.

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Matt Collins, the head gardener at the Garden Museum in London offers some tips for gardening for the month of May when a lot of gardening can be done to get started for the year.

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The threat of a new UK variant of the virus that is more contagious than the earlier one makes it more likely that a strong lockdown will be in place in the UK.

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NITI Aayog report on Education Quality Index 2019 for India shows a surprise for Grade 8 with Rajasthan state leading in both math and languages, and Telengana, Punjab, Uttar Pradesh coming in the lowest.

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You cannot build a economy that works for the middle class and for all parts of the population on casinos. That is the message from Nevada. Other sectors of the economy, including manufacturing are needed.

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Xi tells Senate majority leader Schumer on a visit to Beijing that China has every reason to want stable relations with the US. Xi meets Biden at a November Summit meeting in the US.

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The effects of loss of caregivers, grandparents, on the mental health of American children, is shown in this report in The Guardian. A similar situation exists in other countries, and will have long term effects.

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Two goals in 10 minutes including a dramatic hit from distance by Olga Carmona puts Spain into the finals of the women's World Cup soccer in Australia. Spain wins over Sweden 2-1.

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China's Producer prices declined by 3%, Consumer prices flatlined, and imports and exports are both down 6.2% in September 2023. Growth is expected not to exceed 5% in forecasts by IMF and others.

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American aircraft carrier Nimitz leading a carrier group crosses into the Indian ocean from the Malacca straits to meet up with Indian destroyers and submarines for naval exercizes near the Andaman and Nicobar islands.

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About 40 million Americans face the risk of eviction in the next few months says this report. The Trump administration is seeking a moratorium on home evictions which is becoming a crisis after the pandemic.

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This bill has a huge range of rural funding needed in America, farm safety net programs and nutrition programs. It is a way for bipartisan efforts to address problems in the US agriculture sector . 

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Pat Oliphant was a celebrated cartoonist for the Washington Post. Ann Telnaes takes up this role in her cartoons about 2024 as America chooses which directions the Nation and the World will take till 2030.

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Sometimes as in today's muddled up politics family or social conversations can be difficult. In one version sure to cause laughter unsolicited information about a medical condition can help skip an argument.

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As China's excess manufacturing capacity is put to use there is a flood of Chinese imports entering the EU and the US. Biden administration is conducting trade discussions with China warning about overproduction.