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Britain is too dependent on China for 71 goods that are critical for infrastructure and the economy, says the Jackson Society. This includes industrial chemicals, metal products, and consumer electronics such as mobile phones and laptops.

A group of 20 conservative MP's are seeking an amendment for a trade bill going through parliament, and calling for an audit of imported goods from China, and efforts to make trade deals that reduce this dependency. The group of MP's has written to Liz Truss, the Trade Secretary, and includes former ministers Ian Duncan Smith, David Davis, Owen Paterson. The group of MP's says that the coronavirus pandemic has made all nations reassess their approach to trade and supply chains for security.

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This editorial in The Guardian points out that only a tiny fraction of the British people, merely 160,000 members of the Tory Conservative party are for the last 2 months in July and August 2022 determining what kind of government Britain should have at a time of cost of living crisis. Most of these 160,000 are male, upper class, older and propertied. No government action is taking place to protect people from cost increases. In France the energy price increase is limited to 4% by the government, Spain is doing the same to limit cost increases. And in Britain Ofgem regulator has allowed the price cap for energy to triple relative to a year ago and no minister there available to answer the public's questions, kind of surreal.

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About $78 billion in equities and ETF's bought in the US in the first quarter of 2023 excluding retirement accounts. Individuals have been buying at 5 times the rate between 2017-2019 says this report in WSJ. This is one of the reasons the S&P 500 is up 7.7% this year. Individual investments into money market funds remain at high levels, and there is less speculative investing. Saving for retirement remains a priority for investors. 401 (K) retirement accounts investments have held steady at 14% of income on average, including employer and employee contributions, according to Fidelity Investments. Younger investors shown in WSJ takes a conservative approach not taking a short term approach and maxxing out 401 (K) contributions, looking to the long run. 

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Yousaf Humza comes from a family that immigrated from the Punjab state in Pakistan in the 1960's to Scotland. His grandfather worked at a Singer sewing machine factory in Clydesbank, and his father worked as an accountant. He studied for a Masters degree in Arts at Glasgow University and entered politics as a parliamentary assistant to Alex Salmond and Nicola Sturgeon during the early days of the SNP. He held several ministerial positions before becoming First Minister. He is a Sturgeon loyalist who defeated challenger Elizabeth Forbes 52% to 48% in a close election for leadership of the SNP party.  His election is seen as a transitional period in the same way as Rishi Sunak's winning the leadership of the Conservative party after Boris Johnson like Nicola Sturgeon lost support. This is because of divisions within the SNP and in the Conservative party, and the rising popularity of Labour during a cost of living crisis after the ravages of the pandemic had affected working families in many ways. Both are from Punjab province of the British and the two provinces of Punjab in independent India and Pakistan. In fact the election of Humza as SNP leader and First Minister, the defeat of Elizabeth Forbes, provides Labour with an opportunity to win as many as 20 seats in Scotland for Keir Starmer of Labour to make it to No. 10 Downing Street, according to reports in The Times. ...

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The Economist magazine looks at how Netanyahu is rallying his conservative base and core supporters on the right wing of Israeli politics to overcome corruption charges and a blue and white coalition led by Benny Gantz, a former head of the Israeli armed forces. Critics say Netanyahu has increased divisions in Israeli society. Netanyahu claims he is the best person to maintain Israel's security and his core supporters prefer the status quo. 

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News Corp, publisher of the Wall Street Journal, is developing a news aggregation service called Knewz.com, a a website and a mobile app, to enable more independent sites to be able to reach a wider audience. It is intended to give smaller quality sites a chance to reach a broader audience, not happening today because of the presence of algorithm based sites such as Google. The idea is to give more exposure to smaller quality sites neglected by Google. The goal is to highlight deserving news stories, original content, from both progressive as well as conservative sites to give rich content to readers.

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British prime minister, Boris Johnson, who succeeded Theresa May, is bringing in Dominic Cummings as a key adviser. Cummings ran the campaign for Leave in Britain's 2016 referendum on leaving the European Union. Cummings now joins Johnson in trying to tackle getting Britain out of the EU in 3 months by an October 31, 2019 deadline. Cummings is also the man he will rely on if a general election ensues following its loss of support in parliament. At present there is only a 3 vote majority for Johnson's government in parliament and lack of support from moderates in the ruling Conservative party.

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The defeat of Eric Cantor in a Republican primary in 2014, by David Brat, a professor of economics at Randolph-Macon College of Ashland, Virgina. Brat did this with just $200,000 and the support of local talk show person Laura Ingraham, compared to $5.4 million raised by Cantor. Brat did this without national Tea party support, depending more on local activism in a conservative district, and the sentiment locally for Anybody but Cantor (ABC). This shows how quickly sentiment on the ground can change, as Cantor had previously won primaries with much as 79% of the vote in an area stretching from Richmond to the Washington suburbs.

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Quentin Letts writes this exceptional and humorous account in the Daily Mail of the events that unfolded in the weeks after the Darling-Salmond debate on the Scottish referendum for independence, and after the first polls showed Alex Salmond's Scotland Independence Party ahead in the vote. Here he describes in good humored as well as insightful detail -the moves, maneouvring and efforts of London politicians, the media, and the elites, during the days leading to the referendum as alarm grows about a breakup of Britain. Cameron, Clegg, Miliband, 100 Labor MPs rushing to Edinburgh to plead with the Scots, and the clever Alex Salmond who had a flair for old style political haranguing, all figure in what Letts says was a worthwhile topic for a Shakespearean tragedy, showing Britons in uncharacteristic passionate terms. Lets does not mince words about the motivations of the actors- Labor Party seeing damage to its own prospects in the next elections by losing its Scottish base will do everything to avoid the prospect of dissolution. Cameron of the Conservatives looking to energize the English vote with a promise of devolution for all including Englishmen to improve his own prospects, when the UK Independence Party and Nigel Farage were threatening the Conservatives from the right. One actor Letts does not mention is Britain's former Labor prime minister Gordon Brown, who is from Scotland. Brown may have saved the day by his passionate plea to fellow Scottish voters to stay with Britain, the only truly credible voice from London in Edinburgh and the countryside. As it turned out Glasgow went to the Independence Party, but Edinburgh went to the "Stay Together" alliance with over 60% of the vote, and prevented any last minute surge for the independence vote. Brown pointed out in an oped in the WSJ that Scotland had gained on almost equal terms with England and the rest of Britain in terms of average incomes as a result of efforts in recent decades, truly important bedrock considerations....

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This editorial in the WSJ says the resignation and downfall of Boris Johnson in Britain comes from the dissembling that resulted in loss of confidence in his Conservative party, but also in a larger sense from the failure of his agenda to revive Britain.  Not much has happened in the promise to invest in and revive the failing economy and social setting in the north of England. Inflation was hitting British households hard with inflation at close to 9% in 2022. Home electricity and natural gas prices spiked 54% in April and are expected to go up 40% in October. Johnson raised the payroll tax 2.5% to fund the NHS. Corporate tax rate was to go up to 26% from 19%. Green taxes helped energy prices go up, and Johnson did not cut the consumption tax or green taxes on gasoline or diesel or household energy says the WSJ, and kept the household income tax brackets the same even with inflation so households would see a large tax increase. In this sense Boris Johnson with his exuberant personal style and enthusiasm promised a lot after taking Britain out of the European Union with Brexit. Yet as the months dragged on and after the worst of the pandemic found there was little he could show that would convince Britons of a brighter future. Not for the North of England, not for Britons in other parts of England and in London, and with high inflation and lacking the investment that could change Britain, not much to show for infrastructure improvement or plans for the future. The dissembling and eroding credibility led to the situation that only half way through his term in office his absolute majority in the 2019 election could not keep Boris Johnson in office, and the Conservative party was losing the confidence of the British people.  ...

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It may come as a surprise that even a conservative Republican Senator Lindsay Graham of South Carolina, talked recently on CSPAN television about the US needing immigration in an organized manner to meet the growing shortage of workers in the coming years in the US. This report by Alicia Caldwell in the WSJ looks at the city of Topeka, Kansas, home to University of Kansas in nearby Lawrence, which is trying to attract immigrants who are allowed to work to meet 6600 worker positions that remain unfilled. Mayor Michael Padilla of Topeka is a cross between a liberal Republican and a conservative Democrat as are many immigrants from countries in South America. The Greater Topeka Partnership is looking to attract Spanish speaking people to fill these jobs, because of stagnant population and a lower unemployment rate than the US average. This effort in Spanish language has resulted in 10,000 resumes submitted. Another effort for Uniting with Ukraine has brought 160 Ukrainians to Topeka. These efforts are happening since 2019 and in some cases the city has offered $15000 a person for relocation costs. Citywide the effort is being welcomed including the business community. Topeka, a town of 126,000 is home to 17% Spanish speaking residents. Molly Howey who heads Go Topeka and the Greater Topeka Partnership is shown here, and says Topeka had already had success with its Spanish speaking population when it started welcoming new immigrants.  The rapid recovery of the US after the pandemic and its resilience for growth over the next decade is creating a recognition among Republicans as well as Democrats, among economic planners and business of the need to fill shortages of workers as the US invests trillions of dollars in its economy in coming years in infrastructure, manufacturing and and new technologies. It is an effort that is unprecedented since the post war effort to build a modern economy in the 1950's. ...

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Gerald Seib of the WSJ points out that the winners in the passing of the Republican healthcare bill in the House by a 4 vote margin are Speaker Ryan who never wanted the job in the first place, and president Trump who showed he could cajole Republicans into getting it passed because he likes winning. Now comes the hard part says Seib, when it goes to the Senate- House conservatives are not going to be happy when they find major changes they dislike. If the bill clears the Senate in a modified version Republicans will now have to own any issues with healthcare, including says Seib things that may not work out for pre-existing conditions- or for groups that are disadvantaged, including older people.

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BBC answers the question "Who is Keir Starmer?" in this report on the new British prime minister. He graduated from Leeds University and studied law at Leeds and Oxford. He joined the Socialist Movement soon after college. He was a prominent contributor to magazine Socialist Lawyer. In school he had joined the Young Socialists, Labour's youth organization. His name is from the first leader of the Labour party Keir Hardie. He is the first from his family to go to college. From 1988 to 2008 he was a practicing lawyer and concentrated his efforts on his work till he was made the Director of Public Prosecutions, the chief prosecutor of England and Wales. Keir likes to talk about this period including prosecuting terrorist gangs as an example of public service. It was late only until age 52 in 2015 that he was given the safe Labour parliamentary seat in north London of Holborn St Pancras. Jeremy Corbyn was elected leader of Labour in 2015. Sir Keir worked well with Jeremy Corbyn during this period and was Immigration Secretary and Brexit Secretary from the back benches. When Corbyn's leadership was challenged Starmer supported this, with Corbyn resigning in 2020 after the 2019 election defeat and being replaced by Starmer.  Then followed a period of fighting the Conservatives and only coming level to the Conservatives in 2021 in popular support. The changes that made Labour more popular and reversing finally the decline of 14 years did not come till 2023 only 12 months before this election. Throughout Sir Keir maintained his composure and moderate positions, distancing himself from Corbyn, to regain the confidence of the British people. When one sees that the votes increase in 2024 is only 2% for Labour in 2024 one realizes the achievement of Sir Keir in transforming Labour to run the country that is so needed today. The slight increase in votes converts into a landslide through careful planning and strategy, but it also hides the fact that the British people have turned to Labour for answers and solutions to the problems they face. Such is the level of confidence that Sir Keir has built over time bit by bit, as he says "brick by brick," something that is clearly in Sir Keir's character and manner of doing things. ...

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 Franco German differences are growing as Macron of France and Merkel have serious differences on NATO, Russia, EU expansion with Balkan countries, and a eurozone budget. Macron has called NATO brain dead. Merkel disagrees. The personal relations between the two leaders never close have worsened. 

On climate change Macron's push to cut in half greenhouse gas emissions in Europe was supported by Merkel but only after much wrangling within Merkel's own coalition government. German conservatives in the CDU fear it disproportionately hurts a heavily industrialized country like Germany. And most Germans are wary of the Macron idea of more EU integration after the experience with Greece and Italy, suspecting that Germans will have to pay the bill. EU officials say personal relations between Macron and Merkel now border on animosity.

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With a general election approaching in Britain the question about a progressive alliance is brought up in the Guardian. A big block is the Labour party with its obsession for vote share, and not seeking alliances of any kind. The Liberal Democrats are creating their own barriers with hostility towards Labour party. This report cites Best for Britain data and says 457 seats are immune to alliances. Of 150 marginals 111 seats the numbers show if SNP, Lib Democrats, Greens swung behind Labour party  it would make a big difference. as in 30 seats even a 5% swing from Labour to the Lib Democrats would give the seat to the Conservatives. The other approach is to have informal alliances at the grassroots level so that progressive candidates can do well.

 

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UBS buys Credit Suisse for $3 billion in a takeover arranged by the Swiss National Bank, central bank of Switzerland. The Swiss government also stepped in to provide 9 billion Swiss francs in support which would come into effect if UBS losses exceed 5 billion francs on this takeover. UBS CEO Colm Kelleher makes it clear that a very different Credit Suisse operation will emerge from this that will be "aligned to our conservative risk culture." Risk reduction for Credit Suisse will take place and its investment banking operations reduced, so that the combined operations in investment banking for both banks when integrated will be less than 20% of all its assets. The Swiss government waived shareholder approval because of the emergency nature of the takeover to calm financial markets when stock exchanges open on Monday.

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Astrid Prange says the movement started by Luther against paying for penalties for sins being paid for by indulgences, and seeing faith as a gift from God, helped the renewal of the church and Christianity. It came at the time of the printing press, touching a chord with people in Germany. Luther was not a revolutionary, as he was conservative and principled, his goal being to go back to the Christian church's origins. Prange says that in this he is typically German. On October 31, 2016, Pope Francis joins Protestants in Lund, Sweden, for the Lutheran World Federation's celebration of 500 years since the Reformation. Luther would have welcomed this, considering what Pope Francis brings to the Catholic world with tolerance, spiritual renewal and reviving the original teachings of the Christian church.

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Prime minister Johnson of Britain is calling for a general election on December 12. This will be debated in parliament on October 28, and is expected to be rejected a third time. Mr. Johnson faces opposition from the Labour Party which wants to delay the election till it is certain that there is no Brexit without an acceptable deal with the European Union. Mr. Johnson heads a minority government that depends on the support of the Democratic Unionist party, the DUP, of Ireland. He also dismissed 23 Conservative rebel MP's from the Conservative Party headed by Mr. Hammond, a former finance minister under Theresa May who are leery of Mr. Johnson's willingness to go with a no-deal Brexit, if parliament does not back him. This puts Mr. Johnson 45 votes short of a majority in parliament. The new deal Mr. Johnson negotiated with the EU was done with concessions on Ireland and an open border, which was rejected by the Unionist party of Ireland. This deal passed in parliament but was rejected on its short timetable of less than a week giving MP's little time to look at the details.  The Labour party is also divided on going into an election before it is ready because it is behind by 10 points in the polls.  The reason the Johnson deal was initially passed in parliament was because 18 Labour MP's decided to support it pursuing a strategy of getting it rejected by passing amendments during final passage.    ...

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It is the Tories (Conservatives) party that made immigration an issue for the last decade. It was immigration that was one of the main issues keeping the Tories in power for the last decade. It is a surprise then that the Tories have a dismal failure in restricting immigration by 2024, going into the 2024 general election and expecting large losses of seats in parliament. It also means Tories have taken Britain out of the European Union on an issue such as immigration, heedless of the negative effects on the British economy and growth after misrepresenting it. Boris Johnson made the remark on July 2, 2019 that after Brexit "we will still have whey for our Mar's bars," as if Britain could go on as before. Worse the Tories under Johnson/Sunak misrepresented issues such as immigration in their advertising for Brexit. It is the story of how a small minority were able to misrepresent issues for staying in power regardless of the consequences. Today most Britons support rejoining the European Union. ...

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Differences between Trump's operations and the Republican party's efforts in Macomb County, Michigan. Trump operatives are skeptical of the established conservative Republican leadership in the state from the last decade, leading to lack of coordination.

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This report in the Economist after the Chequers meeting and the resignation of Boris Johnson and David Davis says this has improved May's position, yet there are dangers with the hardline Brexiters likely to continue their efforts to take Britain out of the EU. It says the Labor Party is hardly interested in what happens with the infighting in the Conservative Party, and the Labor Party would like to see the collapse of the May government with fresh elections later in 2018.

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It would be astounding to know that the average age of the CDU Christian Democratic party members and voters is about 60 years. With the aging of society a large portion of German population is older and mostly conservative, seeking to stay with the status quo. This is the support that chancellor Merkel had and her policies reflected this conservatism. Younger voters felt they were being ignored and have chosen to vote for the Greens or the Free Democrats. Even with the Greens the average age of members is about 48 years, for the FDP 51 years. Compared to this South Asian population is much younger.

 

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The Senate voted 54 to 45 in April 2017 to confirm Neil Gorsuch to the U.S. Supreme Court to fill the spot left vacant with the death of Justice Scalia. This the first time in the history of the Supreme Court that a justice, Justice Kennedy, will serve along with a former clerk who worked with him, the new Justice Gorsuch. Gorsuch is a conservative who served on the U.S. Court of Appeals 10th Circuit, in Denver. Gorsuch will have to vote on the Trump travel ban which now goes to the Supreme Court. Other case on separation of church and state and gun control are also likely to be heard by the court.

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North Korea launched a missile that landed within 125 miles of Japan's northwest coast. The Japanese Defense Ministry stated the additional time to reach the Japanese shoreline was 20-30 seconds. North Korea said it did this to protest the U.S. and South Korea setting up a THAAD, Terminal High Altitude Area Defense System, about 200 miles southeast of Seoul to intercept North Korean missiles. Japanese prime minister Shinzo Abe reshuffled his cabinet and appointed Tomomi Inada, a conservative who supports revision of the Japanese constitution to improve Japanese capabilities for defense. She is the second woman to take up the defense ministry position after the newly elected Tokyo governor, Yuriko Koike.

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It shows that Brexit promised cutting migrant flow but its action did just the opposite by removing cooperation with France on fighting migrant trafficking. Could doing away with EU bureaucracy and getting a special degree of autonomy have been accomplished in other ways than Brexit. Was this also the fault of French and German governments under Hollande/Macron and Merkel. The failures to accomplish Brexit goal to cut migrants of Conservatives and now continued failure in 2025 under a Labour government shows the need for European nations to work together. This is what president Macron and prime minister Starmer agreed to on Macron's visit to England on the invitation of King Charles, a pilot program that aims at breaking the migrant boats trafficking model. It will return boat migrants crossing the English Channel from France back to France.  Starmer says- "This is groundbreaking, because this is a scheme intended to break the model, and to make it clear that if you cross in a small boat, then you'll end up where you started. In exchange for every return, a different individual will be allowed to come here safely." The scheme will start in coming weeks.    ...