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The vaccine produced by the Serum Institute of India with research at Oxford University in Britain will cost about Rs 1000 or $13, and it will be called Covishield. It is expected by November 2020 with 1 billion doses of production planned.

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In the current situation France- with Germany sharing a border with Russia and a difficult history- it is France that is responding to the challenges of NATO and Eastern European states. In 1966 De Gaulle took France out of NATO. In 2007 Nicholas Sarkozy brought France back into NATO and integrated with the armed forces command structures of NATO once again, yet keeping its nuclear deterrent separate from NATO. In 2024 it is Macron who is responding to the Russian advances in the war in Ukraine saying France and NATO will "support Ukraine for as long and as intensively as needed." This means the EU and Western Europe will build the capability and prepare for situations to defend Eastern Europe on their own. There is also unanimity between Scholz, Macron, Meloni, Sanchez on this issue for Germany, France, Italy and Spain, the original founders of EU.

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A labor shutdown that nearly shut down the US economy says the Washington Post is a result of policies set by the BSNF management for attendance on freight trains by engineers and other workers. It resulted in a tragedy. Hiles, 51, suffered a heart attack on June 16. He missed a doctor's appointment because he was called back to work. Not showing up could have invited penalties under strict attendance policies of BSNF, one of the largest rail carriers in the US. Aaron Hiles told his wife he felt different, then he made an appointment to see a doctor. On June 16 the locomotive engineer suffered a heart attack and died in an engine room on a BSNF freight train somewhere between Kansas City and Fort Madison, Iowa. President Biden has stepped in and arranged an agreement that includes time off when needed for medical reasons and a 24% increase in pay by 2024.

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President Biden and leaders in the EU, Japan, India and other countries helped negotiate the global minimum tax. Companies would have to pay a minimum tax of 15% in 140 jurisdictions so that tax base shifting could not happen. Yet the US will not get the benefit of these increased taxes to invest more into R&D, manufacturing, infrastructure and strengthen its economy because Republicans have not supported it in Congress. The OECD countries, major EU countries from the EU, Japan and South Korea will get an additional revenue of $192 billion in 2024 as a result of the Global Minimum Tax. Yet even here the GMT is making a difference as companies see not much difference in the different jurisdictions for tax rates the shift is for companies to setup in the US especially for American companies who had always had their base in the US till the tax shifting began.

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The WSJ Editorial Board on the predawn vote on February 14th 2024 with a vote of 70-29 approving US aid to Ukraine, Israel and Taiwan. A lot of the investment is in the US in Patriot missiles built in Arizona and defense equipment in Alabama as the president pointed out in his message to House Republicans shown alongside saying history is watching. WSJ reminds readers that Arthur Vandenburg of Michigan helped president Harry Truman setup the North Atlantic Treaty Organization for the defense of Eastern Europe falling into Soviet hands- the danger seen in Greece and Turkey in the 1947 and the Berlin Blockade 1948-49. The Truman Doctrine was announced on March 12, 1947. People forget that Truman asked Congress for $400 million in military and economic aid to Greece and Turkey. With it Greece, the mother of western democracies was able to stave off defeats from Soviet supported forces by 1950.

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There is serious lack of depth in leadership in the Tory party today. Names proposed in The Guardian for Tory leaders after the July 4 election should Rishi Sunak have to resign are clearly short of what Britain needs in leadership. It depends on which Tory MP can hold on to his seat. Suella Braverman, Priti Patel, Kim Badennoch, James Cleverly, Tom Tugendhat, Penny Mordaunt, all lack what is needed to lead the Conservatives on July 5, 2024. This has been true all through the last two decades.  David Cameron, Boris Johnson, Theresa May, Liz Truss who preceded Sunak for most of the last decade were also lacking in leadership. The decade wasted with Nigel Farage and David Cameron, Boris Johnson trying to get Britain out of the European Union has hurt Britain. Today most Britons want to go back to a Britain that is growing as part of the EU and Europe. 

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About half of private equity investors have money tied up in zombie funds in 2024 according to JP Morgan Chase. US state and local governments manage about $5 trillion in pension money. Large public pension funds have 14% of their money in private equity. And large corporate pension funds have 13% in private equity. California's worker pension fund will have put more money into its private equity part of its investments than it gets out 8 years in a row. CALPERS and California Teachers Pension funds are funds which have take out loans of 5% to 10% of fund holdings to deal with problems of private equity investment. Pension funds are selling private equity funds takin a hit. At a time when retirees such as teachers and public sector employees are facing cost of living and high healthcare costs they can ill afford such losses showing how widespread capital misallocation is today. 

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Paris Olympics organizers want this to be the smallest footprint on climate at 1.58 million metric tons of CO2. This is half that in 2012 London Olympics of 3.4 and 20% less than in Tokyo Olympics of 1.96. No rhetoric, actual facts is the goal even with 13 million spectators from many countries.

It was an opportunity for us to stage this Games in a different way, both for us to prove that the Games can be done differently, but also to leave a legacy,” says Georgina Grenon, Paris 2024’s director of environmental excellence." It is not that difficult to get 50% cut in emissions by using wood or low carbon cement. New construction is a big source of emissions. Paris organizers plan to use existing or temporary infrastructure, and also reuse what is built, and build some facilities in underserved deprived areas to use later for affordable housing. It is a remarkable and commendable effort.

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Anxieties about illegal immigration and cost of living propel Trump to a win in the 2024 presidential elections. He wins more votes from younger people, from rural voters, and from Latinos, black people without a college degree. 

Paradoxically the end of the pandemic, vaccines, and improvement in health care may have led to voters focusing on the cost of living as an element that was not tackled under the Biden administration. Housing and grocery costs were allowed to surge and tech monopolies operated as before. Even union leaders were not fully convinced about Democratic support because of the changes in the Democratic party since Clinton. 

A general sense of unease about immigration was not tackled early on in the Biden administration first 2 years when the surge from Venezuela became evident following the collapse of its economy. 

 

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Krugman says crypto currency has become a huge, really huge player in campaign finance. He says it accounts for almost half of corporate spending on political action committees PAC's in 2024 election year in the US. He calls it startling that this is happening even though crypto currency destroys value. Krugman says crypto is not like fossil which is doing the same thing getting people to deny climate change yet with benefits from using fossil as a transition fuel, crypto not being a real industry at all.

Nobel prize winner Paul Krugman is clear that it has dangers for the American economy-

He says crypto rests on nothing but a perception that some day there might be a genuine use for these products. That we do not know when the government gets serious about regulating crypto marketing practices and policing its criminal uses. And adds that much of the $2 trillion in crypto may simply evaporate.

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Governor Newsom and the LA riots as events unfold in immigration enforcement of the nation's laws under the mandate received by the president in 2025. Newsom as governor is playing to the politics of standing up to a president seeking to fulfill a mandate that has received support in most parts of the country including California, to make all immigration legal. 

California's sanctuary laws set it up in a collision course with the Nation's immigration law enforcement. This is also true of other states. No matter how it is presented, including peaceful protests, the policies under Obama and the deterioration with open borders under Obama appointed Mayorkas and Biden's egregious lack of proper oversight in 2023 with the largest flow of 2.3 million illegal migrants across the border, have created problems for the Nation that will take time and patience to correct.

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Yields on Greece's 10 year bonds rise to nearly 9% in October 2014, as growth slows to near zero in the eurozone, including Germany, in the second half of 2014.

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Prime minister Abe's government passes an anti-conspiracy bill in the House of Representatives in May 2017. The measure is designed to monitor foreign and domestic suspects following terrorism incidents in Europe. The bill makes it a crime to conspire with others to commit terrorism or other crimes. The Japanese public is split in its support for the bill, with some experts arguing that it was hastily passed without proper discussion on safeguards for privacy and free speech. The move is also designed to increase security ahead of the 2020 Olympics.

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The amazing and unbelievable story of Oakland situated on San Francisco Bay with some of the worst illegal dumping of trash in the nation, 18 million pounds of illegally dumped trash dumped each year is the City of Oakland estimate. This NYT report says two thirds of it comes from local residents and businesses. The problem spiked in 2020 and has not improved much says this NYT report on this city in Northern California, where to the east of it there are hiking trails through redwood forests and natural beauty.

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China's economy expanded at 0.4% growth rate in the second quarter of 2020, according to the Bureau of National Statistics. It is not just the lockdowns that are dampening consumer sentiment.  US and EUropean demand for manufactured goods from Taiwan, South Korea and China is shrinking.

Youth unemployment is high with 20% of people 16 to 24 years without work. Some experts say the youth unemployment is increasing because companies are showing less interest in hiring and training new workers, or in investing in the future.

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Life expectancy was growing in the U.S. till 2010. In the three years 2015 to 2017 it declined each year. In 2014 the life expectancy in the U.S. was 78.9 years, declining to 78.6 years today. This is contrary to the trend in all G-7 countries where life expectancy is growing. Now it is seen as systemic- a factor common to all race, gender and ethnic groups. Part of this is a result of economic distress. People with less education are more affected and young people are also hit hard.

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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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Almuth Schult of Wolfsburg is a women's soccer player who plans to come back to soccer after having two children. After a successful case of a Wolfsburg teammate of hers against Lyon the new FIFA rules require that professional women football players get maternity leave at two thirds pay for at least 14 weeks. In addition clubs are not allowed to discriminate against players because of pregnancy and must reinstate them after giving birth.

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The first day of the Tour de France is a hilly route with climbing in the Basque region of Spain around the city of Bilbao.

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Japan's prime minister Abe calls a snap election for Dec. 2014.