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Automakers taking a charge for bets on EV's encouraged by Biden- Stellantis $26 billion follows Ford $19.5 billion, GM $6 billion.  Stellantis Chief Executive Antonio Filosa says about the write-downs- It “largely reflects the cost of overestimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires.” The Biden administration took climate change seriously but failed to get Congressional support for the EV charging stations needed and infrastructure needed across the US to keep pace with automakers shift to EV's. Stellantis took the change as an opportunity to develop many new EV models under CEO Carlos Tavares. Also overlooked by the Biden administration is the cost of cars which increased by about 20-30% during the 2022-2024 period. The lack of charging infrastructure, lack of battery technology advances for powerful batteries, and the costs involved pushing up prices of all automobiles, acted as severe bottlenecks when the Republicans fought the election on cost of living action. Biden era incentives were removed and gas prices were brought down by DJT extending the life of gas powered vehicles and making them the average man's choice. Of the $26 billion 65% is for canceled vehicle platforms for EV's for Dodge Ram and Jeep Wrangler. Another $8 billion is for cash payments to suppliers for canceled orders.   ...

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The German state elections will be conducted under new election laws- a voter over 16 years old votes for one of 70 constituencies in the first state election in Baden-Wurttemberg and also votes for a party that helps determine the distribution of seats by party in the state parliament. The CDU candidate Manuel Hagel is leading by small margin over the Greens candidate Cem Ozdemir. This is the first state in 7 state elections in 2026 with cities of Stuttgart and Tubingen, Munich.

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The Biden administration has announced a 100 day review of strategic vulnerabilities in America's supply chain. President Biden has said he supports funding of incentives for production in the US, to become independent of China and Taiwan. From 1990 onwards chip production in the US went from 37% to about 12% today. It will now go back up. Biden's National Security Adviser noted in an article in Foreign Policy that advancing industrial policy like Japan and France once considered out of tune is now essential, "something close to obvious."  At one point in the post war period America's most advanced jet engines were made in West Berlin, surrounded by the army of Russia and its ally the GDR. There is new realization that dependence on Taiwan which makes 22% of semiconductors worldwide and 50% of advanced designs cannot go on the way it is exposing a critical vulnerability for American industry. A 40% tax credit for the cost of new semiconductor fabrication plants and other incentives are now supported in the Biden administration. The whole idea is to turn this around quickly where US no longer depends on uncertain supplies from overseas. Four critical areas of strategic vulnerability will be reviewed- pharmaceuticals, semiconductors, batteries, and strategic materials. ...

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Senator Manchin of West Virginia secured a transitional use of coal, oil and natural gas in the Biden legislation including Inflation Reduction Act. The Biden team eventually accepted the need for use of oil and natural gas in the transition to clean energy. During the first Trump term the support for fossil fuels was tempered by the fact that industries looked at the situation in the long term as administrations can change every 4 years, and continued the transition to clean energy. The combination of these factors means that the transition to clean energy continues in some form.

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Follow the latest on BBC News as Biden promises a "peaceful and orderly transition," and lauds the integrity of the US election process.

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Michael Shear says president Biden is listening to his head about the US Border with Mexico- that he would close the US Border if the bipartisan bill is passed in the US Congress, the same day that he signs it to become law. The new bill agreed to in negotiations between Senator Graham and other Republican Senators and the White House ends current parole and asylum policy  that have led to chaos at the border. Shear who has covered presidents for 30 years shows that president Biden held the view that he was elected to provide a human face to the crisis at the border from international migration and close private prisons and poor treatment of children. He listened to both sides of his party during 2021 and 2022 after becoming increasingly aware that something was wrong and by Jan 2023 was convinced that tough action was needed at the border to deport Haitians and other people from central America smuggled northward with 13 flights a day to Haiti to deport illegal migrants.  He made his first major immigration speech at that time. The problem was that there was a major upheaval in Venezuela adding to the tide of illegal migrants as Venezuela sent millions to all countries in Latin America and north to the US, an international crisis playing out in Colombia and other neighbors for the last 10 years. When Lopez Obrador of Mexico closed his own migrant deportations Biden sent Blinken to Mexico with Homeland Security minister Mayorkas, and after discussions Obrador resumed the deportations. Trains going north in Mexico had conductors who were bribed to slow down to take on migrants. This was stopped and all trains going north were stopped at Eagle Pass in December 2023. Republican governors Abbott of Texas and DeSantis of Florida have sent busloads or flights of these migrants to New York and other cities in the US showing that the entire system of migrant handling was breaking down even as president Biden was convinced by his own advisers including Jake Sullivan that the border required tough action. The president increased planned legal migration to lower illegal migration from Nicaragua and rest of Latin America. By January 2024 Biden was convinced the only solution was closing the US Border immediately after the bipartisan solution. Lindsay Graham senior Republican Senator agreed with Biden with one problem- the Republicans in US House of Representatives did not think it right to work with president Biden to settle the problem.  ...

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Balen Shah, 35 years, wins general elections in Nepal in March 2026 after student protests in 2025 ousted the government of PM Oli from the older generation of politicians.

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Joe Biden says in the Wash. Post Jan 6, that what happened on this day Jan 6 2021- that "we cannot allow the truth to be lost."

"Four years later, leaving office, I am determined to do everything I can to respect the peaceful transfer of power and restore the traditions we have long respected in America. The election will be certified peacefully. I have invited the incoming president to the White House on the morning of Jan. 20, and I will be present for his inauguration that afternoon.But on this day, we cannot forget. This is what we owe those who founded this nation, those who have fought for it and died for it.And we should commit to remembering Jan. 6, 2021, every year. To remember it as a day when our democracy was put to the test and prevailed. To remember that democracy — even in America — is never guaranteed."

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Biden takes on the role of unofficial envoy to Iraq. Mr. Obama's concern is that he has not seen the kind of progress in bringing togethe the Shia, Sunni and Kurdish groups in negotiations as he would like to see. And its Biden's job to convey this and push for this in several trips to Iraq.

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A second suspected Chinese spy balloon is shot down by US F-22 jet using sidewinder missile. This is a smaller balloon than the previous one first detected over Montana in US airspace at 58,000 feet. This object was hovering over Alaska and the Yukon territory of Canada at 40,000 feet, 475 miles east of Anchorage, and was shot down over the Yukon Territory. Airspace below 60,000 feet is considered the airspace of that country.