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UK's Starmer adopts Danish system for asylum and illegal migration November 2025 to attack the problem of illegal migration and Channel crossings by boat.

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World War II with Tom Hanks review- good for new generation of young people who have not seen Saving Private Ryan or documentaries made in ,the 70's. There are too many talking heads and not like in the 70's when survivors could give live accounts of what they saw, as they are dead by now. There is good new video footage.  Yet the war is of epic proportions on so many fronts, 20 episodes barely touch the major events of WWII, not to mention the events in Asia and Japan, the events in North Africa and Italy. Each of these areas has separate books in the work of Rick Atkinson who worked on it for a decade. Atkinson is interviewed by Rubinstein on C-SPAN showing that there is new interest in what happened in World War II. For the Asian side of the story the story does not start in 1939, the Japanese invasion and occupation of China is shown from the days after 1914 through the story of Gen. Joe Stilwell who is the American who for half a century to 1945 was America's main representative in China, and Franklin Roosevelt's and America's commanding general in China in the fight against the Imperial Japanese Army. The empathy of Stilwell for the Chinese people and his willingness to risk his life to help is simply amazing- and is something to take away from this book by Barbara Tuchman. There is a lot that America can be proud of in creating a rising tide in Asia that has lifted all boats. ...

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Kevin Warsh is a former governor of the Federal Reserve 2006-2011, becoming governor at age 35. He is a partner at the family office of investor Stanley Druckenmiller. Scott Bessent also had connections with the office of Druckenmiller. He is also a lecturer at Stanford Business School and a scholar at the Hoover Institution. He is married to Estee Lauder heiress Jane Lauder, and has spent the years since 2011 at the Stanford School.  Current Fed chairman was appointed by DJT in 2017 and retires in May 2026. If Powell continues as a Fed governor Warsh would take the seat vacated by Stephen Miran when he retires as Fed governor this week. Meantime the Fed under Powell faces an investigation by the Justice Department regarding renovation of its buildings and Senator Thomas Tillis on the Banking Committee says he will not support Warsh until that issue is resolved in favor of Fed retaining its independence. What is unique about Warsh and his selection by DJT? He is a Republican of long standing and his current views are that interest rates can be lower if the Fed reduces its holdings of Treasury securities and mortgage securities it holds. DJT's frustration is that Powell raised interest rates to fight inflation and after DJT became president was slow in cutting rates to boost the economy. DJT's resort to tariffs as a tool in world trade to ensure a level playing field with China when all other tools had failed means more uncertainty in the economy and DJT wanted the Fed to support his policies by lowering rates. ...

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Pepsi lack of good judgement after it withdraws sponsorship only after the combination of Starmer, Davey and Farage denounce the Festival sponsorship. Farage says- "I would not buy a ticket." There is a tendency among some parts of business community that somehow social aspects are not its concern, while all the time living in the same communities and benefitting from our laws based on centuries of British tradition in the western hemisphere. Some may not even be aware of the extent of the debt of modern society and industry to these centuries of British tradition and law since Magna Carta in the 12th century (Runnymede 1215), as it has been obscured in today's schools, education and business obsessed with coding, marketing and finance.

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By settling for a 15% tariff Japan was protecting its other industries from the higher tariff of 24-25% proposed earlier. US industry has operated with no assistance from the US government and faces a financial markets structure in the US that is not helpful to American industry making long term investments that overseas makers with support from their governments are able to make. US workers suffered badly over three decades and the ineptitude of previous US presidents in protecting American workers from this situation. The Europeans and the Japanese, South Koreans know this and understand that the US plays the critical role in the free world and without it, without the workers and rural communities of the US, their way of life and freedom will suffer irreparable harm. Japanese PM Ishiba and its business organization Keidanren are focused on implementing the US Japan Trade Agreement mitigating any effects inside Japan. Japan was able to protect it's auto export model to the US from high tariffs settling for a moderate tariff of 15%. A similar agreement was accepted by Germany when Leyen accepted the 15% tariff on German car export model. For decades Germany and Japan have used their auto export model to take a large share of the US market, joined by Korean makers, putting American car makers and their workers at a disadvantage since the 1980's. This creates a level playing field in world trade and is in the interest of workers in the US. ...

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US shipbuilding in 2025- US nuclear submarine built for South Korea by South Korea's Hanwha at PhillyShipyard in Philadelphia. South Korea is investing heavily in shipbuilding in the US under the new DJT effort to rebuild the US Navy. This happens when shipbuilders UK and the US who led the world in shipbuilding have ceded places to Japan, South Korea and China PRC. The once mighty shipbuilding industry in places like Glasgow and Philadelphia now makes less than 5% of the world's ships. South Korea is the only nation with the shipbuilding capacity and technologies that competes with China. Much of the world's shipping logistics and port networks are now controlled by China. It is not even the situation where Teddy Roosevelt or Franklin Roosevelt as Secretaries of the Navy build  America's shipbuilding industry before World War 1. The situation today requires a resolute effort to build up the shipbuilding industry that was neglected by the shortsightedness of a generation of American business and managers who mesmerized by financial markets failed to see the importance of essential infrastructure. ...

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Biden says at a press conference in Tokyo that US commitment to defend Taiwan is even "stronger" after the invasion of Ukraine. 

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An estimated 850,000 cases of measles in the US over 25 years is expected if vaccination rates drop in the US, according to one Stanford study.

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There were 2.5 million encounters at the US Border in Trump's first term says the BBC, under Biden's first term this number quadrupled to 10 million. Had the Biden administration done what it did for China policy and tariffs, quietly leaving them in place and tried sincerely to listen and work with Republicans, replaced Mayorkas in 2021 June when the migrant numbers reached 200,000 far surpassing the 150,000 high under DJT, and negotiated a new law by the end of 2021, this would have stopped asylum, added resources and closed the border in a timely delivery of needed action.

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The U.S. trade deficit with China was declining till the coronavirus hit in February. Now it is back on the way up, a warning signal for the Trump administration as it seeks to stop sending American wealth out of the country in an utterly disproportionate way of $346 billion in just 2019 after taking action on tariffs and renegotiating trade agreements.  Imports grew 11% in July to $231 billion. While exports increased but not as much by 8.1% to $168 billion in July, still well below February/s $209 billion. That leaves a trade gap of $63 billion. This is the largest trade deficit since July 2008. The U.S. trade deficit is a major issue and is watched carefully as the Trump administration sets a goal of rebalancing world trade so that the U.S. no longer runs such large trade deficits with China, and Germany, and does not shift wealth overseas. The U.S. trade deficit with China in 2019 was $346 billion, with Japan and Germany it is much smaller close to $70 billion for each country. The Trump administration goal is to all out reduce this deficit through trade agreements and other actions that stop the current outflow of U.S. wealth overseas by $1 billion a day to just one country. For this it seek a level playing field which means other countries have to face tariffs if they unfairly subsidize their industries or violate labor rights for unfair competition, or in other ways seek to unfairly gain an advantage over the U.S. including through transfer of technologies from the U.S. ...

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Mexico replaces China as the U.S. top trading partner in the first half of 2019. U.S. imports from China fell by 12% and exports fell by 19% in first half 2019, according to Commerce Department. The total value of trade with China of $271 billion was less than the trade with either Canada or Mexico.

Mr. Trump said yesterday to China- "If they don't want to trade with us anymore, that would be fine with me. Until such time as there is a deal we will be taxing them." He went on to say he would place 25% tariff on additional $300 billion of Chinese goods on Sept. 1, 2019.

Meanwhile in first half 2019 the U.S. imports increased to 34% from Vietnam. Some of this could be Chinese goods transhipment through Vietnam. Japan, South Korea, India, Europe, all increased exports to the U.S.

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The US midwestern states depend entirely on imports from Canada of as much as 3.5 million barrels a day. In 2018 the Canadian government bought an unfinished pipeline from Alberta to British Columbia, the Transmountain pipeline for $18 billion. This is now finishing completion in 2024. For years the pipelines bringing oil from the north to midwest states reduced the cost differential between Canadian crude and US crude to $18 for a price of $47 a barrel. The Transmountain pipeline will take some of that oil and move it to British Columbia ports where it can loaded onto tankers heading to Asia. This will increase the cost of Canadian crude into the midwest and be reflected in prices at the pump.

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David Card and Alan Krueger with a study on New Jersey and Philadelphia restaurant workers in 1994 and their subsequent studies on minimum wage increases show no negative effects on unemployment of increasing the minimum wage- More discussion on this topic as Minimum wage increases to $22 an hour in 2026 in NY and California. Indrajit Dube of U Massachusetts says it all depends on how far one goes in increasing the minimum wage. At some point maybe $30 a week it could lead to restaurants deciding not to hire more workers. At 45 hours a week for 48 weeks an employe in the fast food industry at $22 an hour would make $47,520, and at $30 would make $64,800. The poverty level is set at $33,000. The problem with these figures is that the cost of housing is so high and automobile costs have risen very fast in the last 5 years. Housing in New York and Los Angeles is very costly compared to states in the midwest, in the south, and other states. Card's and Krueger's, Dube's studies show that retention is higher employees are more motivated leading to higher restaurant and fast food sales, happier customers, that could lead to more employment not less. Some of this is intuitive and one does not need an economist to tell one that. When compared to Britain's economic and social philosopher Adam Smith much of the accepted wisdom of what Smith said is selective taking what one wants and leaving out the rest, as Lahart shows here about minimum wage. As Adam Smith was  a keen observer of the social sentiments of society which he considered very important for British society, and for British civilization to flourish. For this reason he supported higher wages and the betterment of the lower classes, as Britain's example to the world. Card received a Nobel prize in 2021 for his experiments including his paper on minimum wage in New Jersey and Philadelphia. ...

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The role of Merz and Leyen of the CDU is bigger than is grasped in the trade deal with India and the change that Germany has made in shifting the gaze and engagement of the European community towards the 1.4 billion people of India for a new start after the disappointment of the relationship with China from the Merkel years. Merkel completely failed to understand China its history, and Asia and its history. India as the homeland of Buddhism is the source of the spiritual culture of China and Japan, Korea and Vietnam. The intervening period of invasions from north in the 15th to 17th century and British rule and the European early shift to science and industry in the 18th to 20th century has acted as a hazy atmosphere that clouds many perceptions of how Indian, Chinese, and Japanese history has evolved.  For Merkel there was the additional layer of misperceptions from the period growing up the GDR, or Communist East Germany in Soviet influence. This is why Merz completely fit into the Kite festival mood and atmosphere on the banks of the Sabarmati in Ahmedabad and at the Sabarmati Ashram of Gandhi in January 2026. Leyen also of the Christian Democrats could grasp the fact that German philosopher Schlegel translated the Bhagavad Gita from Sanskrit into German soon after Charles Wilkins did this in 1724. People to people ties have great potential to develop between Europe and India now that the engagement is set for the next 20 years at every level by Leyen, Merz and Modi, so that the world is completely transformed in ways that can never be imagined today.  ...

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Hard liners in the Iranian parliament include Hamid Rasaee and Ali Taheri, and other members from the days of president Ahamdinejad. In the media this includes Hosssein Shariatmadari, editor of newspaper Kayhan. They oppose any concessions in nuclear negotiations by Javad Zarif, Iran's foreign minister, and any cooperation with the U.S. on issues related to Syria and Iraq. As negotiations face another deadline of March 25, 2015, Israel and the U.S. Congress are pushing for a ratcheting up of sanctions, while the Obama administration seeks more time to complete negotiations. Iran's supreme leader Ayatollah Khamanei has urged conservative critics to avoid discussion of negotiations, also setting low expectations for settlement.

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Hillary Clinton tells supporters "we have reached a milestone," as she becomes the first woman to be a major party's nominee for president. She wins 4 of 6 states including New Jersey and California. She wins California by 56.8% to 43.2% for Sanders, and New Jersey by 63.3% to 36.7%. She says about Trump that "My Mother ... taught me to never to back down to a bully.  Which turned out to be pretty good advice." Sanders says his campaign would not support Mr. Trump, "a candidate whose major theme is bigotry."

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Hundreds of thousands of American children are missing after the pandemic. Many are not accounted even when increase in home schooling and private schooling is considered. The Associated Press, Stanford University Big Local News Project and Prof. Dee of Stanford show in their study that 240,000 students in 21 states absence from school could not be explained. In 2023 missing students have become more of a budgeting problem to secure federal and state funds. The actual number of missing students is much higher as this study found that public school enrollment inthe US has fallen in the 2 school years 2019-2020, 2021-2022 by 710,000. Much remains to be done to locate these students so that they are not forgotten. Voice of America ran this story on its Learning English site. The WSJ has an editorial on these missing children today.

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Greg Ip of the WSJ looks at the impact on the economy worldwide from the effects of variants of Covid-19 in 2022. He cites IMF estimates that global output will be 3% lower in 2022 than it had projected in 2019, with Western Europe and Latin America taking larger hits. US growth is distorted and disrupted with the effects of absence of workers from illness (5 million American workers not working in December 2021 because they were sick, or caring for someone sick or afraid of spreading it), supply shocks from supply chains, 7% inflation. The boost to productivity from digitization conceals the impact of an overworked and fatigue prone remote working workforce, says Greg Ip.

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Prof. Patrice Geoffron of Universite Paris-Dauphine writes in Le Monde what is on everyone's minds- on how oil geopolitics and fossil fuel price volatility and price uncertainty what he calls fossil fuel chaos, is creating a new demand for renewable energy in Europe in 2027 to 2031. Business and industry in Europe see the value of renewable energy not in comparison with low fossil fuel prices anymore but with a fossil fuel price that can jump at any time to the $100 a barrel for some geopolitical event. Compared to this fossil chaos European business and industry can depend on a known price and known conditions for solar energy. The same thinking will be going on in business in Asia- in China and established leader in solar, in India an aspiring solar power, and in Japan. Modular nuclear reactors are also a new way to go. This means even under DJT with his skepticism for renewables the technology and production of renewables will continue and pick up pace. People will also ask whether its worth all the trouble to get fossil fuel supplies at levels that make no sense through waters of Hormuz straits- China and Jpan getting a makes no sense 90% of their imports from Hormuz, and India nearly 50%. Their are moral considerations also whether a morally conscious China, Japan and India, South Korea with much of the industrial base in the world can justify missile attacks on the scale of tens of thousands in the region and bombing just to clear Hormuz. ...

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AI demand increases cost for iphone chips- Apple cost structure is affected in 2026.

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After energy shortages in 2021 the Chinese government decided to increase coal power projects. In 2023 these coal power projects are increasingly seen as backup sources of power with rapid increases in the production of renewable solar, wind and nuclear energy. China has nearly reached the point where half its energy is coming from renewable energy sources. Coal power companies are not profitable compared to renewable power companies. The result is that China's total emissions of carbon are declined in 2022 by 1.5%. China's power demand is growing by 6% each year, yet more of the increase in demand is being met through renewable energy expansion with coal being set as a backup source. Soon many of the power projects started after 2021 may be cancelled because they are losing money.