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James Yu of the press division of the Taipei Economic and Cultural Office gives Taiwan's position on the Hong Kong students demand for free elections. He says the protests clearly show of "One Counry, Two Systems," does not work and Beijing cannot keep its promises.

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Samsung's vice chairman, Lee Jae-yong is given a five year prison sentence for his role in a corruption scandal that led to the resignation of the previous government and new elections. This leaves Samsung without a leader as the chairman had a heart attack and is in hospital. Samsung had made a payment of $38 million to a close friend of the previous president. The court decided that the payments were for favors from the government. Prosecutors say the money given helped Samsung get government support for merging 2 Samsung affiliates to facilitate Mr. Lee's position in the company.

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After China's economy shrank by 6.8% in the first quarter the outlook is looking increasingly uncertain. Premier Li Keqiang stated at the start of an annual parliament meeting that China will now scrap the annual economic target due to the huge uncertainty from the coronavirus, and the world economic and trading environment. New tensions over Hong Kong's autonomous status are adding to the trade tensions between the U.S. and China, and tensions over early handling of coronavirus by China. China recently announced new national security legislation for Hong Kong, and Mr. Trump says the U.S. would act "very strongly" against any effort to gain more control over Hong Kong.

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Neera Chandhoke, a professor at Delhi University, looks back in the Hindu at the leadership of Indira Gandhi in India, following the death of her father Jawaharlal Nehru. Nov. 25, 2017 is the birth centenary of Indira Gandhi. In the context of today's populism she is seen as a leader who used her populist image to dominate the Congress party at a time when after Nehru the party was led by Kamaraj, Reddy, Ghosh and other local leaders in different states. The 1967 election campaign gave Indira Gandhi the populist support that helped her set the tone for the Congress party which continues to this day with her son, and daughter in law Sonia Gandhi- with the Nehru dynastic succession dominating Indian politics. Under Indira Gandhi the Congress party won in 1967 and 1971, setup Bangladesh, helped ensure food self-sufficiency, nationalized the banks, till the Emergency in 1975-77 led to an authoritarian form of government. Indira Gandhi lost her life in 1984 after the decision to storm the Golden Temple in Amritsar, seen as a historic error. Chandhoke says the populism had its underlying problems and instability, and has not served India well.    ...

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With interest rates at 22% and inflation of over 20% Turkey's foreign investment and consumer driven economy continues to struggle. In Istanbul's markets fruit vendors say buyers buy half the quantity they normally used to buy. Prices are high with the loss of value of the Turkish currency the lira, that lost about 40% of its value in the space of about 1 year. Turkish president Erdogan has in the past increased support with the economic boom in Turkey, which is now fading. High interest rates need to be brought down for the economy to recover. Erdogan fires the central bank chief for not cutting interest rates. In the past foreign investors continued investments in Turkey, yet today the confidence of foreign investors is declining, affecting the value of the Lira currency. High interest rates are a central bank policy response to keep the value of the Lira from declining further, but at a cost for ordinary Turkish people who pay high prices, reducing the standard of living. High interest rates to attract foreign capital to support the Lira also reduce investment and employment with the higher cost of borrowing.  The high prices because imports cost more with a weak Lira mean less can be purchased reducing what can be purchased with existing incomes. ...

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Something that Bernanke has studied for adecade and has spent time preparing for. He took the step yesterday to proceed with a $300 billion purchase of Treasurys by the Fed. The idea is to reduce long term borrrowing rates on consumer loans to corporate bonds that are benchmarked to Treasury bonds. By reducing the yields on Treasurys the Fed hopes to keep borrowing rates lower, now that it is clear from the jobless numbers of 500,000-600,000 a month that slack in manufacturing capacity will keep inflation down and risk deflation. The Fed will purchase Treasurys of 2 to 10 years maturity. THe Fed also increased its ceiling on purchases of mortgage backed securites guaranteed by Fannie and Freddie to $1.25 trillion from $500 billion previously laid out. So far Fed has purchased $69 billion of mortgage backed securities and committed to buying $148 billion more. It will increase the amount of Fannie and Freddie debt that it buys to $200 billion from $100 billion. So far to March 11, it has purchased $48 billion of their debt....

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The BBC presents a different view of the pardon of Samsung's Jay Y Lee. It questions the idea that it will help the Korean economy, and whether it can help ordinary Koreans because trickle down economics won't work. Korea's major companies the chaebol have grown unpopular in the country over the last decade, with major protests over bribery scandals. 

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NYT looks at the struggle for daily water supplies in Mexico City one of the largest cities in North America.

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This article is from The Guardian, September 6, 2019. Kevin Rudd, former Australian Prime minister on Murdoch's News Corp. and antagonism towards Australia's Labour party and towards climate change action, and to Australian broadband speed. Some creators of content are also unwittingly adopting strategies that pose other dangers to society, to competition, to an educated public, including News Corp. News Corp. (owner Fox News) strategy is to create affinity, to create communities for content. When actively done and pursued in excess by powerful creators of content such as News Corp. this leads to the fragmentation of civic society into groups not generated by honest discussion among civic minded people, but by revenue generating artificially created groups where the affinity is exploited by the creator of content as an outsider. This is inimical to society, education, honest discussion of civic minded people, and of democracy itself. ...

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The mood inside Beijing during the pro-democracy protests in Hong Kong during 2014. Comments by some Bejingers and no comment by others unwilling to talk much about politics.

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Artists from Hong Kong, Taiwan and mainland China give different interpretations of the period from the Opium Wars in 1842 to the rise of Communist China at an exhibition of art in Hong Kong, March 23- May 10, 2015.