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Oil cuts of 2 million barrels a day or 2% of global oil production by OPEC Plus will lead to oil prices surging back up to levels seen earlier this year.  Weakening of oil demand with a slowdown in China and the EU was leading to a drop in oil prices from the highs reached this year. OPEC Plus which includes Russia is taking this step to keep oil prices high. 

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Electing a Speaker for the US Congress from Louisiana has never been tried before. Last week after many attempts to fill this position Mike Johnson was elected Speaker. Making a conservative member of Congress from a deep Southern state risks losing the Republican majority, says this report in the WSJ.

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Even the current heat wave with Barmer hitting 48 degrees centigrade the election turnout for parliament in India in the state with the Thar desert, state of Rajasthan in India, is 61%.

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PM  Modi of India leads discussions on the approach paper Vikshit Bharat @ 2047 vision document on July 27, 2024. He says:

“This decade is of changes, technological and geo-political, and also of opportunities. India should grab these opportunities and make our policies conducive for international investments. This is the stepping stone for progress to make India a developed nation."

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Th HP PC tablet comes bundled with the HP Photosmart e-station printer. This printer sells for $399, so the 7 inch HP tablet is being given away. The profits that HP makes on the ink make up for the cost. HP prices its ink at $7500 a gallon according to numbers worked out by Gartner Research. The operating margins for HP's Printer division are 17% for the last quarter compared to 5% for the PC division.

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Enrique Pena Nieto, assumes office as the new president of Mexico in Nov. 2012. His focus is on implementing a 13 point agenda which includes crime prevention, better schooling and employment opportunties, new train lines, expanding internet access, and support for social programs for the poor. He said there were two Mexico's - one that was benefitting from the global economy and modernization, and the other which was falling behind and hurting Mexico's image abroad. Economist Videgaray, close advisor to Nieto, is now the new Finance Minister. Videgaray says there is a common misconception that the PRI which ruled Mexico for so long is back in power. But times have changed. The PRI of today is no longer the PRI of yesterday, and understands that it like any other party can be voted out of power if it does not provide good government, says Videgaray. The focus of the new government will be on efficiency and modernization. Doing this will require the cooperation of the opposition parties, as Nieto won only 38% of the vote in a three way election against Mota and Obrador. He does not control Congress and the PRI opposed the legislation of the Calderon government during its term in office....