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Trump takes action against Mexico, China and Canada for illegal flows of fentanyl and migrants across US borders. It is specific targeted and excludes EU, India, Japan, South Korea trading partners. For a decade some countries acted with impunity and American leaders did not respond to protect the people from illegal flows across borders. This action did not come in the first DJT term in 2016-2020 though tariffs were placed. Free trade has to be clean trade where such illegal flows are not in the picture or acceptable.

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India Middle East Economic Corridor or IMEC is a proposal backed by US and France, Britain for rail, shipping and other connections from India to Europe. India, Saudis and UAE back this Economic Corridor plan. Turkey for geostrategic reasons had operated as a route for east-west trade and has wanted a plan of its own. India has improved ties with Qatar and this could bring other nations into the plan. France hopes to bring planners together over the next 2 months. Saudis had committed $20 billion for rail investment for IMEC.

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The huge morale boost in Britain after success at the 2012 Olympic games and from a smooth staging of the Olympics in London.

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A large surge in funds raised for the campaign in July 2012 has helped presidential candidate Romney.

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Foreign institutional investment in India declined to a mere $172 million in April 2012, from $5 billion in February. Foreign direct investment in India is falling. It was down to $27.5 billion in 2011, with only $4.2 billion in Jan-Feb. 2012.

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The Case-Shiller quarterly U.S. housing price index for the 1st quarter of 2012, shows annual declines in housing prices for 13 of 20 cities. The national numbers for all metro areas in the U.S. showed a 1.9% decrease on an annual basis from the prior year, and decline by 2% for the 1st quarter of 2012 compared to the prior quarter.

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Performance of companies on the DAX and CAC-40 Index in 2012.

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GDP growth for the 17 eurozone countries showed a 0.2% decline in the second quarter of 2012, according to Eurostat, the EU's statistics agency. The German econonomy showed GDP growth in the second quarter 2012 of 0.3%, France showed zero growth for the third consecutive quarter. Italy and Spain showed negative 0.7% and negative 0.4% growth during the quarter. The ZEW indicator of sentiment in Germany fell to its lowest level reflecting German manufacturers reluctance to invest in new equipment. As the eurozone economic growth remains flat and declining for longer period, German business sees this affecting German exports. Analysts at Commerzbank and Dutch Bank ING see a further slowdown in the German economy in the second half 2012. The German economy showed GDP growth of 0.5% in the first quarter 2012, compared to the prior quarter, before declining to 0.3% in the second quarter. Further decline is now expected.

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India plans 10 million daily vaccines by the middle of July 2021 as it pushes forward with an aggressive vaccination strategy for the large population of 1.2 billion people. Daily covid cases have dropped to about 150,000 as the intensity of the current wave declines.

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Only three months after the May 18, 2012 IPO Facebook shares had lost nearly 50% of their value, declining to about $20 from $38.

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Addressing the European parliament president Zelensky of Ukraine says Ukraine is defending all of Europe and the Eruopean way of life. "We Ukrainians are together on the battlefield with you." To counter the Russian attacks Ukraine needs more assistance, Mr. Zelensky told the parliament. He called for action on the application to become a member of the EU by the end of 2023.

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Apple and Foxconn will add production sites in Karnataka state and Hyderabad in addition to expanding manufacturing in the site at Chennai. Apple plans production of 20 million iphones in India at the Chennai plant by 2024 and having 100,000 workers. The head of Foxconn met pm Modi this week in New Delhi. The supply chain for Apple is being shifted from China to India and other countries.

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Fed chairman Jerome Powell answered questions at a press conference yesterday and made it clear that America's central bank will not slacken its resolve in the fight against inflation saying "pausing has a ways to go." He said the level of interest rates is what will now be the focus of the Fed as it seeks a much higher level in 2023.

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The Jan 6 Panel of the US Congress puts out its report on the efforts to overturn the election results of the 2020 election that elected Joe Biden as president. Social fracturing from decades of policy that misallocated capital away from education, communities and health, hollowed out American manufacturing, neglected American communities and infrastructure, increased the gaps in income and wealth in society, led to unintended consequences.

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Kristalina Georgieva, head of the IMF says at Davos Forum that the economic outlook "is less bad than feared a couple of months ago." Inflation heading down, and the reopening of China were two positive factors, says Georgieva. The IMF now expects the world economy to grow at 2.7% in 2023. The strength of labour markets has led to consumers maintaining spending growth.

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Judge Eric Davis says- "The evidence developed in this civil proceeding demonstrates that it is crystal clear that none of the statements about Dominion about the 2020 election are true." NYT reports that Judge Davis will let the case proceed to trial, for a jury to decide whether Fox News Network spread claims about Dominion Voting Systems while knowing they were untrue, and determine any damages.

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With 17,000 daily cases Britain faces calls for a second lockdown on October 14, 2020. A new paper by the Scientific Advisory Group for Emergencies says hospital admissions for the rest of the year could be reduced from 132,000 to 66,000 with a 2 week lockdown on October 24 in Britain, according to The Times. Pressure is growing for prime minister Boris Johnson to do this.

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In parts of Africa access to food supplies will remain a problem. Estimates are for 15 to 50 million people facing food insecurity in this region from June to August 2020. Governments in many African countries are struggling to cope with the demand for food supplies.The UN's World Food Program is asking donor countries in Europe and America to provide $1.9 billion (1.4 billion euros).

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About three fifths of workers in 2021 reported having negative impacts of work related stress. Even with these elevated stress levels 50% of workers continued working long hours during the pandemic and ended up leaving paid leave vacation days unused. Then some companies made taking vacation days mandatory or making working from home mandatory for certain number of weeks. This BBC report looks at this trend.

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The economies of Lebanon, Jordan and Egypt dependent on 12-26% of earnings from abroad on tourism are hit by the war in Gaza. Israeli tourism is also affected with only half of the flights going in. Egypt was a bright spot after the pandemic faded with a strong recovery above that of pre pandemic levels. In 2023 Egypt expected to see 15 million tourists.

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Canada makes the decision to reinstate the visa requirement for Mexican citizens effective February 29th 2024. This was lifted by Trudeau in 2016 without a careful understanding of its implications. Since then Quebec insisted it was at the breaking point and pushed for reinstating the visa requirement. The Biden administration also pushed for the visa requirement as more people were illegally entering the US from Canada.

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Evergrande is asked to demolish in 10 days 39 buildings on an artificial man made island off Hainan on China's southern coast. The island was supposed to resemble man made islands in Dubai. Authorites stated the permits were improperly obtained and cited damage to coral reefs on the southern coast. Apartment sales for Evergrande are down to $113 million in the last quarter of 2021.

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Alluvial soil near a mountain range, dry soil that does not soak up water, led to the quick flash flooding in Libya from climate change induced sudden rainfall that dumped 15 inches of rain on September 10, 2023, in area around Derna, Libya. Normal rain is about one tenth of an inch during the month of September. Dams burst sweeping Derna and its residents into the sea.

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Impeachment inquiry of president Biden is launched by Mr. McCarthy in the US House of Representatives under pressure from a minority called the Freedom Caucus. The bar should be set high says the WSJ. It says this will likely imperil the 18 Republican seats in the House where Mr. Biden won the popular vote and could turn the House to the Democrats in 2024.