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India's options to respond to a terrorist attack in Kashmir in are limited by winter weather and the global political situation. Saudi Arabia and China have moved closer to China in recent years. Saudi Prince Salman visited Islamabad, Pakistan, and New Delhi. Britain is distracted by Brexit, and the U.S. president is engaged in a struggle with Congress over a border wall with Mexico.

With no powers making efforts to de-escalate the situation India's prime minister Modi- who faces elections in coming months- has to craft a response that meets domestic pressures to respond with restraint.

 

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For the 1st quarter 2009, finance industry spent $104.7 million to lobby Congress and the administration, down 8% from the prior year, according to WSJ analysis of data collected by the Center for Responsive Politics. The health-care industry spent $127.1 million for lbbying, up by 12%. Lobbying can affect legislation in ways that can be for either good or bad in the public interest. Since 1990 the financial industry has spent $2.2 billion in political contributions to lawmakers, more than any other industry tracked by the Center for Responsive Poltics. Since 1998, the earliest available data, the finance industry has also been the highest spender on lobbying activities , with spending on lobbying lawmakers at $3.6 billion. Its significant that the financial industry landscape has been changed, the higher risktaking by banks enabled, and the reduced regulatory activity environment advanced by heavy lobbying. The banking industry lobbied for the 1999 repeal of the Glass-Steagall Act, a1933 law that kept banks out of the securities business. That effort led by Citicorp, J.P. Morgan,Bankers Trust took 20 years, many tries and more than $300 million in lobbying funds according to the WSJ. The Mortgage Bankers Association with a 10 story headquarters in Washington D.C. has 114 staffers, and SIFMA the Securities Industry and Financial Markets Association has 120 staffers and 14 people in its lobbying group. As a sign of how all this lobbying is viewed across the country, Rep, Barney Frank, chairman of the House Financial Services Committtee, frankly told Mr. Courson, the President of the Mortgage Bankers Association, "everybody hates you, and now they're starting to hate me for hanging out with you," a remark Courson recited at a meeting....

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Spain's central bank was lauded for macroprudential supervision before the housing bubble burst. Will China's central bank and financial authorites which have managed the housing bubble upto this point face similiar problems? Can China be the sole exception even as housing bubbles burst with wide repercussions in the U.S., UK and Spain? Nicholas Lardy, of the Peterson Institute of international Economics, says urban housing stock makes up 41% of Chinese household wealth in 2011. The same figure for the U.S. is 26%. Chinese buyers invest in homes because low interest rates on savings accounts cannot keep up with inflation. Real estate investment was 13% of GDP in 2011. Home ownership is a recent development in China, only since 1990, Chinese have never experienced large price declines. Household debt as a percentage of disposable income has increased significantly in recent years, up to 53.6% in 2011 from 31.3% in 2008, according to Lardy.

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After being outplayed in the first half France score 3 goals in 6 second half minutes vs. Netherlands with Delphine Cascarino's speed and reflexes amazing the fans in Basel, Switzerland.

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GM CEO Barra says "something went very wrong in our processes in this instance and terrible things happened," as she takes personal responsibility for the automobile recalls in 2014. A recall of 1.7 million cars in March follows a February 2014 recall of 1.6 million Chevrolet Cobalts for a defective ignition switch.

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The lack of prosecutions in cases of financial fraud and other cases of wrongdoing after the financial crisis of 2008 by both the Justice Department and the S.E.C. in the U.S. Both agencies of the U.S. government have preferred an approach that does not name executives as defendents and works with the company or financial institution, in many situations having the firm committing the wrongdoing conduct its own investigation.This has led some to question the deterrent effects of this approach. This is particularly important considering the possibility of recurring behaviour in a future crisis. Cozy relations between financial institutions and government agencies and government departments in the U.S. was a key feature of the system before the financial crisis of 2008.

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By August 6, Britain had 16 gold, 11 silver and 10 bronze medals at the 2012 Olympics in London, more than any nation except the U.S. and China. Andy Murray won the Olympic gold medal in tennis defeating Federer in straight sets. Britain won gold medals in cycling, sailing, long distance running. Runner Mo Farah won the 10,000 metre race. At one point Britain won three medals in one hour in track and field events as Jessica Ennis, Greg Rutherford and Farah won gold.