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Germany's modernization plan for bureaucracy and red tape  a major priority for  Merz with savings of $175 billion. Efforts to have a policy aross all state govenments and federal governments that cuts bureaucratic reporting and documentation requirements at least by one third. Other actions-

emails replace paper documents

one time data collection and faster approvals if the authorites have not cleared it in 3 months it is automatically approved

The population wants reforms; they want to overcome the stagnation," says Kretschemmer, premier of the state of Saxony.

 

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This report shows how the H1-B visa system as it operated for many years till 2025 undercut wages of American workers in the computer and software engineering fields. Changes are being made to accomplish the original aims of such a program. More critical is the number of jobs over a span of years that are lost to US born citizens- in just 5 years 300,000 US born talented engineers and the 3 million workers they could train would simply not be there to power America's reindustrialization and re-modernization 2025-2030. The same is true for India as 300,000 India's talented engineers and the 3 million workers they could train would simply not be there to power India's industrialization and modernization 2025-2030. This hurts the modernization of the two of the most important economies of the world to the year 2030, which would be profoundly felt by 2035. As part of many actions taken by both the US and India this could lead to shrinking the development speed and development gap with China for the US and India to 2035. ...

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Alan Blinder was Vice Chairman of the Federal Reserve. Here he looks at the language in the $700 billion bailout plan passed by Congress. The Plan's wording allows Treasury "to buy any other instrument," that the Treasury secretary and the Federal Reserve chairman decide "is necessary to promote financial market stability," in addition to mortgage securities and any securities. So one of three assets can be purchased under this wording, mortgages themselves, troubled mortgage securities, and equity stakes in banks. Blinder prefers the first one the purchase of mortgages themselves to stem the tide of foreclosures. This is also the plan Feldstein and Hubbard have proposed. Edmund Phelps and Joseph Stiglitz favor the approach of injecting capital directly into banks so as to speedily recapitalize the banks. At what prices, asks Blinder, for these assets. And Blinder specifically raises the issue of conflicts of interest on this point, because where does one think the administration would go to find the expertise to do this job. It goes to the private sector, and the Bush Administration certanly does not have a good record, says Blinder, in doing this in a fair and honest way, as it has been bad at outsourcing stuff. Should Treasury buy assets "at market" or "above market", Blinder favors buying "at market" as the reasonable way to proceed. Because buying above market with a limited pot of cash means giving gifts even for recapitalizing financial institutions, and this raises the question as to who would be the best to give these gifts. Which brings one back to the conflicts of interest inherent in all this. ...

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Trucking company Yellow in the US files for bankruptcy after $700 million in support from the federal government.

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Ten walking trips in places such as the Camino Francais on the way to Santiago de Compostela, the Welsh countryside, the Sangre de Cristo mountains in New Mexico, coast to coast in northern England, in the Dolomite Alps of northern Italy, are shown here by Neil King in the WSJ.

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U.S. healthcare insurance company Wellpoint's acquisition of 1-800 Contacts, which sells eyewear and contact lens directly to consumers, for $900 million. Wellpoint sees this as bringing the company directly in contact with consumers and a business with higher margins.

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Maps of the region of Kashmir in the Himalayas shown here show how close Pakistan cities of Lahore and Islamabad are to Jammu and Kashmir and how close the Punjab is to Kashmir. It gives recent history of Kashmir since colonial rule of British ended in 1948, and no mention of the history of Kashmir from 100 BC to the 15th century when for 1500 years Vedic and Buddhist cultures, Shiva culture prevailed in the region. For only 200 years between 1500 and 1700 were Muslim invasions prevalent in the region after 1750 the British gradually took control of the region when Kashmir was a British protectorate under British law and non-religious rule.  Much of the present situation is a result of the abrupt end to British rule after World War II by 1948-1950 with Communist China, a new state of Punjab and Sind called Pakistan, and most of South Asia as India emerging from the conflicts and contesting control. India now leads an effort since 2016 for modernization of the region, to provide the education and healthcare levels of modern states of Europe and America to Himalayan region that is missing because of a lack of the technological resources, and resources India is now able to use to build infrastructure and invest.  ...

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Japan's LDP PM Sanae Takaichi wins 300 of 465 seats in 2026 snap election up from 198 seats for the LDP party, a super majority without its ally Japan Innovation Party.

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Either China or India was going to at some point develop the Brahmaputra river known as Tsangpo in Tibet where it starts for hydroenergy. It turns out that the modernization of China preceding India's by 20 years and the occupation of Tibet in 1950 has put China in the position of developing this river with a huge dam. The Brahmaputra in Arunachal Pradesh and Assam states of India is the same river that is called Tsangpo in Tibet when since 1000 China had little physical contact with the region greatly remote from Chinese cities such as Beijing and Shanghai. The Brahmaputra in its Tsangpo stretch of the river in Tibetan region originates at lake Mansarovar and Mount Kailas and on a map can be seen as very close to Guwahati, Assam and distant thousands of miles from Beijing. The dam will include 5 hydropower stations, produce 300 billion kilowatt hours and cost $170 billion. Two decades of rapid growth in China supported by the US with technology and capital have given China the capital needed for this type of scale of investment in renewable hydro energy. It will produce as much energy as the UK used in 2024. ...

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As the European leaders Starmer, Macron, Merz gather together, huddle together at meetings in London, Paris and Brussels, as the US under DJT and Rubio disengage from NATO and perceived expansion, Ariane Chemin gives this report and video in Le Monde on the situation in classrooms, around Square in the centrer of Kviv, at destroyed power plants, and at destroyed buildings in Kviv. Russian drone attacks on Kviv are leaving residents without electricity and without sleep. This is also what Europeans in France and Germany, and Britain, are seeing on news, video and on television.  The last peace initiative stalled after the hopes raised from the Alaska meeting of Putin and the US president. Efforts to get the Russians on board with US envoys in Moscow fail when the European leaders are absent in the talks, and when Russia insists on the 20% of the Donbass and eastern regions it does not control, and limits on Ukraine defense. Ukraine modifies the proposals and Russia insists on territorial concessions. A report in Germany's DW.com from Ukraine calls this "absurd." A new element emerges in this conflict in December 2025 when one sees this in the context of European history where such struggles between European powers happened repeatedly since 1500, with some of them in the period after 1700 involving Russia, Sweden, Denmark, Britain, France, Spain, Prussia and rest of Germany split into many states. That pattern has relevance today because when one power whether France, Austria-Hungary or Russia became dominant the other European powers acted together to keep the balance in Europe.  ...

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Shrinking GDP, tax revenue declines, and government aid to business and workers, is pushing U.S. debt to record levels. The Congressional Budget Office report shows federal debt to exceed 100% of GDP for 2020. It was 106% of GDP in 1946 after the financing of the second world war. Because the coronavirus pandemic is comparable to the second world war in scale of threat the government approved $2.7 trillion in aid relief.

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China is well positioned to cope with the cutoff of supplies of oil from the Middle East after decades of focus on building up its stocks of oil. China has made self sufficiency in energy a key goal for the economy. China uses 16 million barrels a day of oil, of which 12 million is imported, and production inside China is a little over 4 million barrels a day. It normally adds 1 million barrels a day to its stockpile inventory. This inventory stockpile is 1.2 billion barrels and is good for 100 days. China is able to make up for oil supplies by importing more from Russia. The Power of Siberia 2 pipeline for natural gas is being pushed forward for natural gas supplies from Russia to China. China has large supplies of coal for electricity. It also is increasing its capacity to make renewable energy, solar panels and wind turbines.

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India received $135 billion in remittances in 2024-25 from the 18.5 million Indian diaspora, of which 10 million live in the Middle East region sending $51 billion a year. This finances the merchandise trade deficit.  In UAE alone there are 247,000 Indian students and immigrant labor is the main labor supply in the Gulf kingdoms.  Crude oil of 25-30 million barrels is on the seas as inventory to which India has access making crude oil supplies not an issue for the short term. Indian refinery production for export can also be adjusted if needed. India has received a 100 day exemption to import Russian oil from the US since the Gulf war began easing concerns for crude oil supplies. Situation for LPG is more complicated. India has used the Chabahar port to ship supplies of aid to Afghanistan on an overland route which will not operate till the tensions ease. 

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Mr Biden's bold vision for the US in infrastructure, in health and education, in competing in the world is outlined in this video in the NYT of his address to the joint session of the US Congress in April 2021. Biden is determined to move quickly and this comes across in the first 100 days. He says he "has never been more optimistic and confident about America."

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India, Brazil and South Africa as members of BRIC's means that the US position has support within BRIC's with nuances such as words on multipolarity of institutions. India has allowed trade to be done in rupees with Russia as trade is heavily imbalanced with Russia- India exports $4.1 billion to Russia and imports oil and gas worth $61 billion. Russia gets Rupees for the oil and invests it in the Indian equity markets and bonds.

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UK prime minister Starmer raises this question twice in parliament QA session about racist attitudes in Nigel Farage's Reform UK party.

“He’s still not condemned the language or taken action against one of his MP’s racist comments, refused to condemn them when asked last week. Reform is dragging our politics into a dark place. This Labour government stands for our patriotic British values of decency, tolerance and importantly, unity. So, it’s for Nigel Farage to explain.”