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With the latest fine of 1.7 billion euros, the third imposed by the European Commission since 2017 for antitrust violations, total fines exceed 8.4 billion euros. The latest fine is for unfairly excluding competitors in contractual provisions for third party use of Google's search bar.

Google says it is making the changes to give visibility to rivals such as Microsoft and Yahoo. It is appealing the rulings. Meanwhile the European Competition Commissioner Margarethe Vestager who has taken action for violation of antitrust rules, is now completing her 5 year term, is open to continuing for another term. She is also a candidate for President of the European Commission, after European parliamentary elections in May 2019.

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China chooses periodic blockades or air-sea coordinated exercizes around Taiwan's 12 mile waters as a strategy to respond to US Indo-Pacific strategy of keeping lanes of sea traffic and navigation on oceans open to all nations. This is seen as less risky than an outright invasion. Military exercises in August 2022 are seen as preparing for such a strategy.  The US is the destination for $541 billion and Europe $521 billion in products Made in China in 2021, which make China the manufacturing powerhouse in the world. Without the export of $1 trillion in Chinese products thousands of factories and millions of Chinese workers would remain idle. It is unbelievable that China is risking so much with its Taiwan policy with no idea of what the consequences would be years from now. It took China three decades after the gradual opening by 1990 and a willingness on the part of American and European governments and business to give up much of their own manufacturing leading to loss of jobs in communities across both America and Europe and much pain from this loss, for China to get to $1 trillion in exports. This situation may never come back as the supply chains shift and jobs return home and to countries that are becoming competitive in infrastructure and capabilities in Asia. Such competition between nations is not unknown as it was with Imperial Japan in the Pacific just 100 years back. The US maintains its position as keeping navigation on the oceans of the world open and rule of law, and it is on these foundations that China was able to get the strong manufacturing and exporting position it has now that no nation has enjoyed in history to this extent. Only the British come close in the nineteenth century. So much of China's progress in the twentieth century was a result of cooperation and support from America, from the first university Tsinghua in Beiijing, to the war against imperialist forces of Japan, to the rebuilding of China's manufacturing and technological competitiveness with American business cooperation. ...

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Microsoft to open retail stores in Scottsdale and Mission Viejo. It has hired a Walmart executive to set up the stores.

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Instagram pictures from the Guardian on the cafe culture scene in Buenos Aires, capital of Argentina. Buenos Aires is unique in Latin America in the way the open air street cafes shape urban lifestyles and living. Some of it is borrowed from its Italian heritage, but the "ambiente" is unique to Argentina and the Porteno culture of the capital city.

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In a tactical move the Trump administration links a trade deal with South Korea with progress on the denuclearization of the Korean peninsula and bringing North Korea to talks on denuclearization. After some offers by the North to open this issue in talks the progress is stalled. The move is an effort to bring more pressure on both Koreas on this issue.

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The U.S. Federal Reserve Open Market Committee's minutes for its April 26-27 meeting show prolonged discussion on an exit strategy from a loose monetary policy. The first step would be to make a significant reduction in the $2.4 trillion portfolio of mortgage and Treasury securities. Fed chairman Bernanke has pointed out that the Fed will first make a decision to reduce its mortgage portfolio by letting the securities to mature without reinvesting in Treasurys as it has done so far. This would be followed by reducing its holdings of long term Treasury bonds in the same manner. These steps would precede raising short term rates followed by the sale of agency securities. The minutes reveal the Fed's thinking and strategy. For instance, the minutes show "a majority of participants preferred that sales of agency securities come after the first increase in the Fed's target for short term interest rates." The minutes also show that "many of those participants also expressed a preference that sales proceed relatively gradually," which could be over a five year period. Economists expect the Fed to wait till sometime in 2013 to raise rates, with the signalling of Fed moves to reduce its holdings before raising rates....

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The state's response in the Izmit earthquake of 1999 was weak and unprepared. This brought an outsider Recep Erdogan to power in the elections of 2003. 17,000 people died in that earthquake with damaged areas of Istanbul. 24 years later the situation is repeating itself as the state is seen as unprepared and uncoordinated in its response in the first 48 hours. This time there is a situation where the buildings that were built according to the code for earthquake prone areas are standing and next to them is the rubble from buildings that collapsed. After 2003 construction permits tripled and some construction failed to conform to the required building code, says this report in The Guardian. 

Amid the rubble of buildings and near open fires people gathered outside say no one is helping us in one earthquake hit area of Pazarcik, in this report of The Guardian.

 

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Cities including London, New York, Paris, Rio de Janeiro, Buenos Aires, Mexico City, Melbourne, Milan, Caracas, Cape Town, Copenhagen, Vancouver, have pledged to become carbon neutral by 2050.

Reducing transport emissions is a big challenge. London has Ultra low Emission Zone which encourages people to switch to low emission vehicles.  Paris is creating 650 kilometres of cycling paths and plans to open up the whole city to bicycles by 2026. Buildings have a large carbon footprint - producing 38% of global carbon emissions. Of this 11% are in the construction materials of steel and concrete, Wood is an alternative material that is being tried in buildings. Passive heating is a way to heat or cool buildings by building underground canals around a building and using the natural temperatures of the earth to cool or heat the air above. This is seen in the Energon building in Ulm, Germany.

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A drop in the positivity rate to below 5% and cases dropping to below 100,000 after peaking at 400,000 in May. This report in the Indian Express looks at the details behind India's successful effort at bringing down the cases that was done over a period of 30 days with a combination of effort from the central government, state governments and healthcare workers. The turnaround was achieved effectively in Uttar Pradesh a state of 210 million people so that per thousand population had dropped to below that in the US state of Michigan about 2 weeks before that was achieved in Michigan. This was the result of an extraordinary effort at all levels in India.

Risks of the new variant exist in all countries that are reopening aggressively. Talk about huge open air concerts and filled sports stadiums in the US show that complacency can happen as countries reopen.

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The border crossing at Kirkenes, Norway, remains one of the few border points in the EU with Russia that are open, where visitors go back and forth between Russia and Norway. This part of Norway near the Arctic Circle was taken back by the Soviets in the war, after Nazi Germany occupied Norway. Russia let Norway run this region from that time leading to friendly relations. Norway is the only neighboring country that was never at war with Russia. Because of its location far up in the Arctic Circle it remains a unique location with Russian ships coming here. 
And 62 miles from the Norwegian coast is Russia's ballistic missile submarine fleet. Norway as part of NATO provides support to Ukraine with $7.2 billion in aid. It also is a major supplier to EU for oil and gas helping the EU after the cutoff of Russian oil and gas supplies.

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With six and a half times the light gathering power of the Hubble telescope the new James Webb telescope will liftoff from the edge of the South American jungle into space. It will be folded into an Ariane 5 rocket and blasted off from French Guiana. The power of the new telescope will help it look deeper into the cosmos and farther in time, to open new windows into how the universe evolved after the Big Bang. John Mather a Nobel prize winning astrophysicist and NASA scientist says "we want to see the first galaxies growing."

The $10 billion truck size telescope will head out on a 29 day voyage to a spot four times as far as the moon, called the second Lagrange point, through 2026, collecting distant starlight and beaming back a stream of images and data. The ultrasensitive infrared sensors are designed to capture light emitted more than 13.6 billion years ago by primordial stars.

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With misinformation and harassment online  during election year 2024 Annalena Baerbock, foreign minister of Germany, says "democracy did'nt fall from the sky. We have to protect it" Elections take place in Mexico, European Union, India, Britain and France, in 2024 as online media spreads misinformation. Baerbock says the yardstick of women's rights is a crucial one. If women are in danger it is a bad omen for society." Peter Limbourg of DW says "Even in dark times optimism is a better way to handle it. Because pessimists normally do not contribute to solutions." Hendrik Wurst stressed "the critical role of promoting media literacy in the digital age," something that is done through the efforts of Lyrarc.com by bringing in the best articles from leading media publications in the world on all topics to create educated informed mindsets that shape better lives and societies, and by keeping it open to all to access.

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Lois Boisson of France No.361 makes it to final 4 at the French Open, Roland Garros 2025. She entered as a wild car invitation and beat Jessica Pegula No. 3 on the clay courts.

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Balancing the need for labor at stores such as retail stores including Home Depot, with the need to hire legal labor and immigrants entering the country legally. The voters gave a clear mandate in support of borders and legal entry across borders, and the need for labor in the US at construction, retail and hospitality to be done through the legal process and organized legal immigration. The open borders and the lax immigration process, the lack of policy action under Obama, led in the Biden years to simply inaction as the open borders were flooded with migrants. The errors of the preceding years are only now being corrected, with each difficult step, in line with the public's mandate for legal immigration.

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India plans to convert 500 railway carraiges into places to keep coronavirus patients in Delhi.  Daily new cases now are over 12,000, with total confirmed cases of 320,000, deaths at 9195. Delhi bed capacity in private and government hospitals  for coronavirus is 9698 wit 4248 beds vacant. Delhi Chief Minister Kejriwal says he expects a surge and is preparing for this as the economy reopens. Delhi, Tamilnadu, and Maharashtra are the worst hit states. The lockdown of March 25 has been lifted and markets are crowded. Many businesses and workplaces are now open. And local flights have resumed.

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Sanofi's plans for expansion in China with plans to open four new manufacturing plants in China, and increase its animal health and vaccine business.

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Action that needed to come ten years back is finally taken. The new US president DJT says- "I have had many talks with China about the massive amounts of drugs, in particular fentanyl, being sent into the United States – but to no avail. Representatives of China told me they would enforce their maximum penalty, including the death sentence, for any drug dealers caught doing this, but unfortunately, they never followed through. As a result, drugs are pouring into our country, mostly through Mexico, at levels never seen before. Until they stop, we will charge China an additional 10% tariff, on top of any existing tariffs, on all of their products entering the United States.”  "On 20 January, as one of my first executive orders, I will sign all necessary documents to impose a 25% tariff on all products coming into the United States from Mexico and Canada, along with addressing its ridiculous open borders. This tariff will remain in place until drugs, particularly fentanyl, and illegal immigrants stop invading our country.” ...

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Lula and Milei clash at Mercosur. Lula of Brazil talks about a humanitarian crisis in US policy to pressure Venezuela's military installed government but fails to say that a third of Venezuela's population, about 10 million people have left the country as refugees to neighboring countries including Colombia and the US. Inflation at over 100% and mismanagement of the economy have destroyed a once relatively affluent oil producing country in Latin America. Hyperinflation in 2018, and 270% inflation in 2025, and lack of open free elections, lack of food and medicine. A story of socialist ideas that have led to military involvement in politics followed by economic disaster in the western hemisphere, in a country that had a educated middle class and a thriving oil industry. Not since the Spanish opening up Latin America to immigration from Europe by 1600 has the continent of Latin America seen such a mass migration which is not reflected in many media outlets including the NYT, Washington Post and BBC, Guardian. The blockade by the US of oil into and out of Venezuela is affecting Cuba and other countries which depend on this oil. ...

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Mexico does 3 tests per 100,000 people very low compared to other countries. Reasons range from cost cutting to a push for herd immunity. Instead Mexico has pushed through deep cost cutting. The U.S. has 178 tests per 100,000 in comparison. This leaves Mexico running blind as it has reopened the economy. The government says half of Mexicans work in the informal economy and the economy needs to remain open. Not doing testing means there is less information on fighting the virus in the way it was done in Italy, Spain, UK, France and Germany. Other countries with a large informal economy are doing as getting as many as 500,000  samples a day for tests. Mexico now has 360,000 cases and its fatality rate is now approaching that of the UK.

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Buick sales are up 60% this year. It has more to do with product quality of the cars, than the brand with which these cars were labeled. The Buick Lacrosse is winning the hearts of a younger demographic because of the styling, and the tech features such as iPod connectors and a 40 gig hard drive on the dashboard. This makes it GM's fastest growing brand in the USA. In the process Buick is leaving behind its old stodgy image and appealing to younger people. The Lacrosse released in 2009 has a sharp sculpted body and is changing how Buicks are viewed. Buick has discontinued its golf related advertising and cut ties with the Buick Open golf tournament. Now Buick is advertised in travel and culinary magazines. The Buick Regal is being advertised at rock concerts and with local bands. Customers are making their assessment on the basis of the value and styling, and not letting the image of old affect them, the shift in advertising only helps. Buick already sell well in China, where it is GM's main product. ...

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All 379 passengers on a Airbus 350 plane of Japan Airlines that crashed in Tokyo were evacuated with crew in less than 20 minutes. For 3 minutes the crew struggled to decide which exit doors to open, once this was decided the evacuation was orderly. The Airbus 350 crashed into a Japan CoastGuard plane.

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Bernanke's speech at the annual Fed Jackson Hole meeting put any future policy action off for the September meeting of the Fed's Open Market Committee, which will meet for 2 days to allow lengthy discussion of issues. He repeated his focus made in earlier statements that other actions are needed to reduce the headwinds facing the U.S., actions other than the Fed's monetary policy. He called for "good, proactive housing policy," which has been a major missing piece in the jigsaw puzzle of the American economy. Specifically, "families with mortgage debt bigger than the value of their homes facing unusual financial hardship which is also hurting the banks." Martin Feldstein and other experts have repeatedly called for action to help homeowners under water since the mortgage financial crisis hit in 2008. And the government's response has been tepid at best. Most evaluations of the Home Affordable Modification program and other programs to help prevent foreclosures consider them a serious failure of the Obama administration. Higher unemployment has only increased the urgency for government action in this area and good proposals were made by Feldstein and other experts. On the deficit and debt issues Bernanke would like to see debt to GDP ratios "at least stable, or preferably, declining over time." He also cautions that this be done bearing in mind "the fragility of the current economic recovery." He says his estimate for the U.S. economy's growth rate is 0.7% annual rate for the second half, and 'looks likely to improve." His prediction is for inflation to settle at around 2%. His main concern is that the there will be "an erosion of skills and loss of attachment to the labor force" for the long term unemployed....

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Under a new agreement reached between the new Iraqi government of prime minister Haider al-Abadi and the semi-autonomous region of Kurdistan, Kurdistan will export 250,000 barrels of oil a day in 2015, and the province of Kirkuk will export 300,000 barrels a day. Exports will be made under the Iraq national oil company, SOMO (State Organization for Marketing of Oil). Kurdistan will get 17% of Iraq's budget expenditure, Kurds will sit on the SOMO board, and Kurdish Peshmerga army will get direct monthly payments from Iraq's budget. Earlier in 2014 talks had broken down under the Maliki government- Kurdistan began exports using a pipeline to Turkey and the Iraqi government cut off budget payments to the Kurdistan Regional Government. Iraq's oil minister Abdul-Mehdi said in Vienna after an OPEC meeting in November that Iraq has set a production target of 3.8 million barrels a day for 2015. This is an increase of 500,000 barrels a day compared to production in Oct. 2014.

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China passes the U.S. in OPEC oil imports, with daily average imports of 3.7 million barrels compared to 3.5 million barrels for the U.S., according to Wood Mackenzie.