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Miran at CEA is DJT choice to replace Adriana Kugler as Fed governor till Jan 2026.

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In May 2023 Germany's Scholz overruled Habeck to let sale of 24.9% of Hamburg port to COSCO go through. Here is how over 2000-2016 China build its world class network of containerized shipping ports while the second Bush added the war in Afghanistan to the wars in Iraq started by Reagan/Bush. Without defense costs China built this world ports network. Piraeus in Greece, south of Athens, a port concession acquired in 2004 Antwerp in Belgium (Austrian Netherlands), a minority stake in a container port acquired in 2008. In 2013 with sale of Terminal Link ports in a Cosco 49% stake deal by CMA of France CMA holding 51%, China has stakes in Zeerbrugge and Antwerp, Busan South Korea, and Le Havre, Montoir and Fos in France, Xiamen in China, Miami and Houston in US. Rotterdam, Netherlands- Cosco acquired in 2016 a 35% stake in Euromax Terminal in Rotterdam from Hong Kong's Hutchison's Holdings for $125 million. Valencia and Bilbao majority  51% stake for $270 million, when JP Morgan paid as much as $950 million to ACS of Spain for these ports after the 2009 crisis led to Spanish divestments. Today measured in TEU shipping containers China sends goods to Europe 10 times what it takes in through Spanish ports. ...

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As the founder's daughter Huawei CFO Meng Wanzhou, is a high profile figure arrested in Canada from U.S. request for extradition in the ongoing U.S. - China tech rivalry.Ren Zhengfei, 74 years old, a former military engineer built Huawei over 3 decades into a leading telecom company.  The CFO was in line to succeed her father as CEO.

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CIA Director Michael Hayden's comments for the Landon Lecture at Kansas State University in Manhattan, Kansas.

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Lehman CFO Erin Callan describes the credit market as worse than anybody who has been in the industry for 40 years like Lehman CEO Dick Fuld has seen with fear and perception takng over for every asset class regardless of basic quality. And the way Bear Stearns managed its liquidity being part of the culprit- liquidity being the thing that can kill you in a momet as Erin puts it.

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The Trump administration is looking at proposal to stop deliveries of new jet engines from the U.S. by General Electric Company for a new airliner being developed in China. There is concern that China may reverse engineer the CFM engines if sent to China for the Comac C919 jetliner. The administration may decide to not issue the license letting CFM International a joint venture of GE and France's Safran SA, to export the LEAP 1C jet engines to China.

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The hidden costs of pollution are shown by the Forever Pollution Project in France. Le Monde and partners estimate the cost at euros 12 billion a year for cleaning up PFAS, with the smallest particles TFA widely present in water to be treated. The cost of cleanup in the US for PFAS must be vastly higher in the US and has not been estimated.

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DFA's David Booth runs paasive investing funds with assets of $800 billion. He asked Errol Morris to do this documentary on passive investing called "Tune Out the Noise," offered now free on You Tube for 1 month. It shows the idea of passive investing inthe market by investing in a basket of stocks covering and representing the whole US economy.

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The Times reports that multiple red flags were ignored at the Financial Conduct Authority as the 237 million pound London Capital and FInance scandal developed. Mr. Andrew Bailey headed the FCA during the period of the scandal. He is now the Governor of the Bank of England. 

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A retired Air Force general who was Associate Director of Military Affairs at CIA 2021-2024 working with Central Command on special missions is known to DJT since 2019. Lt. Gen. Dan Caine, a F-16 fighter pilot, is the choice for Joint Chiefs in 2025. He is a 1990 graduate of Virginia Military Institute where he graduated with a degree in economics. He got a Masters degree in Air Warfare from American Military University.

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The Journal editorial says Petraeus's experience would have been better utilized as Chairman of the Joint Chiefs. The fear is that he may have been miscast or shunted aside at the CIA. Cartwright is expected to become Chairman of the Joint Chiefs. General John Allen who takes over from Petraeus in Afghanistan has no experience there. Panetta faces a challenge at Defense to reduce spending.

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This Biden Xi meeting at Woodside, California, November 19, 2023, sets the stage for US- China relations to 2050. It is a momentous event.     Biden: "We have a responsibility to our people and the world to work together when it is in our interest to do so. And the critical global challenges we face, from climate change to counter narcotics to artificial intelligence, require our joint efforts."                                                                      Xi Jinping: The China-U.S. relationship, which is the most important bilateral relationship in the world, should be perceived and envisioned in a broad context of the — of the accelerating global transformations unseen in a century.  It should develop in a way that benefits our two peoples and fulfills our responsibility for human progress." "I am still of the view that major-country competition is not the prevailing trend of current times and cannot solve the problems facing China and the United States or the world at large.  Planet Earth is big enough for the two countries to succeed, and one country’s success is an opportunity for the other."     ...

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Emissions from China of ozone depleting chemicals such as from this refrigerator factory shown in NYT, have hurt the earth's ozone layer. This has been stopped says this UN report cited in NYT, CFC-11 emissions were a major issue at one time - the stopping of such emissions is a move in the right direction to allow the ozone layer to recover by 2040 say experts. NYT says that small factories in Eastern China were the source at one time.

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Anantha Nageswaran of the CEA tells Sansad TV that the RBI estimate of 6.4% is close to the government's estimate of growth. He says RBI's estimate is based on oil prices of $95 per barrel higher than it is today. He says India's financial system is in much better shape than in the previous decade and the corporate sector is deleveraged, MSME's are in good shape with government support, giving the government confidence in its figures for growth.

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CIA nominee John Brennan and the policy of targeted killings using high tech drones of the Obama administration.

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Germany's MAN truck and bus makes Poland the centre of electric bus production showing that even at a time when there are differences in the European Union, the work for lower emissions goes on. Polish firm Rafako, Skania, Spain's CAF and Volvo are other producers in Poland for electric buses. Poland now makes a third of all electric buses in Europe.