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For the first time in 45 years France has no Budget for the following year. It has no Budget for 2025 as Bayrou replaces Barnier who lost a no confidence vote in parliament. The mood is not for cutting public spending by Melenchon on the Left party Unbowed and Marie Le Pen of National Rally on the right as Barnier and Bayrou seek to do.

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The S&P speculative grade composite index shows that for the first time sine the crisis hit in October of 2009, high yield debt traded June 5, 2009 at 9.66 percentage point premium over comparable Treasurys. This is below the distressed debt benchmark of 10%, and shows how the credit markets are coming back to normal. High yield issuers, who pay a big premium over Treasurys to sell debt have had to pay at spreads which reached apeak of 17.54% in December according to S&P data. The retailing and auto sectors were the hardest hit in 2008. Merril Lynch has its own index which has not dropped below 10%, and which peaked at 22 percentage points in December. On June 4, Merrill's index was at 11.01 percentage points. The last time Merrill's index went above 10% was in 2002, and in 2006 before the crisis the index was at 2.41 percentage points.

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“My absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA." European perceptions of recent happenings in the Ukraine war and the war's progression from the beginnings over three years will matter in 2025 as Europe, as Germany, France and Britain take on the role of bringing a fair peace to Europe that closes the war and does the reconstituting of defense architecture of Europe under new institutions that needed to be taken up in the 1990's after the fall of the Berlin Wall. Republicans and DJT's perception of Europe as 27 states is likely to be false. Germany and France in the 21st century may just be stepping into a role that was prepared since the formation of the European community in the 1950's with Germany and France at the core of Europe. It may surprise many that Europe just steps into this role. And with it a reconstituting of the defense architecture of Europe that needed to be done after the fall of the Berlin Wall and not left to the vagaries of free market capitalism that have created the present situation. “It was not a spontaneous reaction to interventions by Zelenskyy, but obviously a manufactured escalation,” Merz of Germany has said recently of recent White House happenings.  “My absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA,” Germany's Merz says and means it even if it confounds the US, China and other nations. ...

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By the end of December 2010, 2 million people in the USA are expected to lose their unemployment benefits, and and additional one million by the end of January 2011, according to the National Employment Law Project. This would happen if both parties in Congress fail to agree on extending unemployment benefits. The first week of December marks the expiration of federal programs that have extended unemployment benefits from 34 to 73 weeks beyond the 26 weeks given by the states. Republicans want to cut spending elsewhere to cover the cost. Democrats say $2 is returned for every dollar that goes into unemployment insurance because this money is spent quickly by needy families.

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A thaw in U.S. relations with Iran in Sept. 2013 as Iran releases some political prisoners. President Rouhani tells NBS News that Iran does not plan to seek nuclear weapons, and that he had the full authority to reach a deal with western nations on the nuclear issue.

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A new dynamic is taking hold in U.S.-Saudi relations as U.S. interests for improving U.S.- Iran relations and tackling the nuclear proliferation issue, differing perceptions about democracy in Egypt and Bahrain, create distance between the two countries. The emergence of abundant shale oil in the U.S. and Canada and other parts of the world is reducing U.S. dependence on the Saudis for oil, and creates a sense among ordinary Saudis that the U.S. will abandon the special relationship with Saudi Arabia. The Saudis see their role as supporting fellow Sunnis in the struggle in Syria. The Obama administration has not taken any steps to support the Syrian people's struggle against the Assad regime and allowed the refugee crisis to develop to huge proportions with over 2.5 million people mostly Sunnis becoming refugees in border camps. The numbers are estimated to grow to 5 million if nothing is done according to UN estimate. Shiite Iran's support of the Assad regime has increased Sunni- Shiite discord in the Middle East. ...

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Wonder who makes the Lysol and Dettol so common in the U.S. and Europe, India, other parts of Asia. It is a British Company Reckitt & Colman, going back to 1817, founded in Lincolnshire, and based in Slough, that merged with Benckiser of Netherlands in 1999. It operates in 60 countries with 40,000 employees and 3.5 billion pounds in sales last quarter. Dettol soap is a household name in India and its push for better hygiene can be seen in ads on Indian television. A 32 million pound fund was set up to promote better hygiene after sales increased by double digits.

This fits in with prime minister Modi's effort for good sanitation, toilets for 1.2 billion people, and the Clean India or Swacch India campaign that is helping India in the fight against coronavirus today.

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During this coronavirus pandemic SOuthwest Airlines in the U.S. is expanding its network and adding new airports to its flights. Four more in 2020 and six more in 2021.

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Kevin McCarthy, (Republican from California) is likely to win in the election of minority leader of the U.S. House of Representatives. He has the support of former Speaker Paul Ryan who resigned in April. House Democrats winning control of the House of Representatives in the 2018 election made it easier for McCarthy to win the election. In election of minority leader he needed only a majority of votes in a closed ballot election.

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With increasing defaults on auto loans and lower prices in the used car market, banks are pulling back from auto lending in 2017. The decline is most evident in lending to risky borrowers.

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The Zero Energy Ready Home is now becoming a reality- what little energy they need can be derived from a roof full of soalr panels. Instead of conventional cooling and heating such homes use a heat pump, use enough insulation, and LED lighting. In 2020 California will require all new home to be Net Zero for energy use. The European Union also has set a goal of net zero for 2020 for all new home being built. In the U.S. only 8547 units of this type were built in 2017, with about 38,000 in construction.