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Sir Anthony Hopkins talks about his new movie "The Father" about a man descending into dementia and his daughter who struggles with his disoriented behavior. Hopkins says the role has helped him become aware of human fragility and frailty. He says he realizes that we are all fragile, all broken in some way. He first watched his grandmother descend into dementia when he was 15. He remembers his father, a baker,  declining too, and he says in the end we are all alone. 

At this time of covid he talks about people in lockdowns and how many turn to increased use of alcohol. His own experience was to seek help in giving up alcohol in 1975 when he found himself in an Arizona hotel room not knowing where he was, and since then forty five years have passed without it. 

He finds contentment these days and is serene about the future. Some of this he gets out of believing in his own insignificance is this vast world.

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Spiegel Online provides a inside look at the leader of the Law and Justice Party which was elected to power in 2015. The liberal opposition that was in power since the fall of communism has seen its popularity decline in the rural areas of Poland, especially in the east. The urban-rural divide seen in other countries such as France is acutely present in Poland and other parts of Eastern Europe, with poor governance and a tendency for economic gains made under capitalism following the fall of communism to go to more educated people in the large cities. The party's leaders are Lech and Jaroslav Kaczynski who were president and prime minister from 2005 to 2007. At the time they were seen as outsiders lacking the sophistication and experience in government of the liberal opposition under Donald Tusk, who now is head of the EU Council since 2014. Tusk was prime minister of Poland from 2007 to 2014. Lech Kaczynski was killed in a plane crash in 2010. Jaroslav Kaczynski appoints members of his party to key positions in government including prime minister Duda. Kaczynski is strident about the manner in which the gains since Poland joined the European Union have gone only to certain groups able to benefit from capitalism. At a recent party congress near Warsaw he is quoted here as saying: "We are here to ensure that everyone in Poland has the same opportunities, regardless of where they live, in the cities or the country." Kaczynski's appeal is in offering a generous welfare state for the middle classes- small businessmen in villages and towns across Poland, common people, with subsidies to tackle the cost of living. His focus is on the "pathological" consequences of economic liberalism after the fall of the Iron Curtain, privatization that benefitted a few, including Kaczynski says former communists and dissidents. Small businessmen felt the inroads of large private retail chains, and families felt the problems of lack of investment in schools and kindergartens. The liberal opposition can only offer the hope that being a reliable EU ally will ensure prosperity, which does not go well with the eastern part of Poland. As a result the Kaczynski government is moving away from the ideas that anchor the European Union. It sees the rule of law and independence of the judiciary as something that can be changed to where the president appoints members of the Supreme Court and the judiciary. Protests in Warsaw and the large cities are taking place against these moves. Der Spiegel says this could end up the way it happened in Britain where it simply stumbled into leaving the EU just by accident. This is the situation in 2017. It could be a temporary process that is a response to the excesses of capitalism. As Kaczynski says to create a level playing field for all parts of Polish society by smoothing out some of the harsh effects of rampant capitalism. Or as Spiegel Online points out a shaky period in which the EU and Poland are at odds- ironically with Donald Tusk as the head of the EU confronting both Theresa May and Kaczynski.  ...

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Japan's foreign minister Taro Kono says Japan will propose an alternative to China's One Belt, One Road Initiative. He is particularly looking at the role of Japan, Australia, India and the U.S. in coming up with an alternative. Kono sees France and the UK as additional partners. 

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This story of T.V. Sundaram Iyenagar, founder of TVS scooter motorcycle maker, shows him starting a bus service in 1912 after hearing Eardley Norton make a speech in Madras. The buses connected Madurai, Thanjavur and Pudukottai routes. The punctuality was legendary so that people set their watches by the bus timings. A yogic saint event used the bus as a way to wake up at 4.00 am. Gopal Srinivasan of TVS says he showed India that taking a risk and experimenting was a good thing, and that being ambitious for society and serving customers were equally important. This is the India that is emerging in 2023 out of the pandemic.

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At the current rate of reducing the 10% current account deficit by the central bank, it will be the end of 2013 when it could be brought down to 6%. This may not be fast enough as Turkey could face an external shock if sentiment of foreign investors changes before that. As Turkey partly depends on foreign investors for short term funding of the deficit, this is critical for Turkey's economy. Only one quarter of capital inflows are in the form of long term direct investment. As the situation in the eurozone worsens in 2012-2013, Turkey is in serious danger of a sharp downturn in the economy after years of growth. The IMF has cited Turkey in the list of countries where the credit growth to GDP has increased to the level of a warning light indicator. Other countries cited by the IMF are China, Vietnam, S. Africa and Brazil.

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Prince Charles talks about Prince Philip and how he feel enormously the loss of his father in this video from the BBC. He says Prince Philip would be amazed at how people across Britain and the Commonwealth have felt about this loss.

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China's Producer prices declined by 3%, Consumer prices flatlined, and imports and exports are both down 6.2% in September 2023. Growth is expected not to exceed 5% in forecasts by IMF and others.

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The impact of labor laws that were once designed to offer job protection to workers are now having a pervasive and pernicious effect on Italy's economy. The world has changed too with globalization, making the inefficiencies of labor laws that freeze the labor markets- protecting existing jobs and at the same time making it difficult to create new ones, diminishing job mobility to an extreme level- lead to lack of competitiveness and economic stagnation. Most Italian businesses remain small because of the fear of hiring new employees who cannot be laidoff as in other countries. With manufacturing competitiveness growing in emerging markets, Italy is losing markets and job growth potential to places in Poland and China. Foreign direct investment as a percentage of GDP is the lowest of any country in Europe except Greece, according to the United Nations Conference on Trade and Development. The system also lacks fairness because it divides the labor market into three tiers. According to Italy's National Institute for Statistics, the labor force of 27 million people is divided into three groups. The first group of 15 million, of older workers, has stable jobs with generous benefits. A younger group of 8 million works in a freelance capacity with rolled over short term contracts, and few benefits. An additional 4 million work in the underground economy. Because of the way the system is structured there is considerable resistance to change, especially from the older workers who work in a stable system, even though the system offers younger workers in the second tier few opportunities. What started in 1947 with a constitution that protected the rights of labor at a time of difficult industrial relations in Europe and the U.S., with the added fear of change during today's period of economic crisis, is now holding back economic renewal in Italy....

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U.S. companies with international operations or exports are seeing lower profits in 2015 with the surge in the value of the dollar, as it approaches parity with the euro currency in a short period of time. At the same time the dollar has surged to 120 yen to the dollar. The currency shifts are part of a new global dynamic in which the eurozone and Japan increase competitiveness and exports to boost their economies, fend off deflation, and help return the global economy to a sustained growth phase. Aggressive bond buying and QE by the ECB is part of this new dynamic in the global economy.

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This report on the tax bill in Congress cites the views of senators who could decide the fate of the bill. Senator Collins sees removing the individual mandate  from Obamacare in the tax bill as a problem as it would increase premiums and negate benefit to the middle class. Senators Flake and Corker told ABC News they see the deficit impact as a negative factor that could lead to them voting against it.

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THe Fed is pumping new money into the financial system. $800 billion of new money over the past seven months, since September 2008. Last week it said another trillion dollars or more could be added int he months ahead. The way this works is the Fed purchases securities or other assets from securities dealers in exchangefor electronic credits that amount to cash and are deposited in banks. These cash credits known as bank reserves have jumped from $3 billion in August to $776 billion by mid March 2009. This week it said it would buy $1.25 trillion of mortgage backed securtities backed by Faniie and Freddie, and $200 billion in debt issued by these firms. And also buy upto $300 billion of longterm debt issued by the US Treasury. THe idea is to drive down longterm interest rates. All the while the Fed is not printing money in the old fashioned way- Federal Reserve notes also called dollars only increased to $862 billion from $793 billion. Still it is increasing the banks reserves in this way. And these mountains of cash in reserves are sitting in the banks as there is not much lending, and consumers are reluctant to borrow and to spend, and with all that unused production capacity there is little chance of inflation. When the economy recovers the Fed hopes, if all works out as planned, to pull that extra money out of the system and pushing interest rates higher before inflation settles into the system....

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It is important for a correct sense of the Middle East to see these British Arab states from Kuwait to UAE and Qatar in the context of British India if one is to see them as part of the modern world as India is. This is now US policy under DJT and has been under Biden for a peaceful economically advanced region. A third of Arabian peninsula Arab protectorates were run from British India from 1800 onwards. The Interpretation Act of 1889 listed the states under British India in the Arabian peninsula including Kuwait, Bahrain, Aden now Yemen, Oman, Dubai, Abu Dhabi, and they were listed along with Jaipur, Hyderabad and Bhawalpur. British Prime minister Clement Attlee wanted to give independence to these Arab states along with the independence of India and Pakistan in 1947. But this did not happen till 1971. In 1937 the first of many separations from the British Empire in India of Arab states was announced. Aden, now Yemen, was separated from the British Empire in India to the Colonial Empire. British Empire authorites in Delhi never wanted to administer these Arab states even though the British Indian Political Service ran each of these states till 1971. They were very poor and lacking basic infrastructure, things changed only after the discovery of oil in late 1930's. ...

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Hundreds more should expect to be arrested say police chiefs after the UK's riots following a children's theme party stabbing incident in Southport. Social media misinformation played a role in the riots and prime minister Starmer called this to the attention of the British people saying social media "is not a law-free zone." Britain's top prosecutor for the Crown knows a thing or two about the rule of law in Britain.

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Iran's oil production filling up existing storage leading to oil well shutoffs May 2026. Tankers near oil fields are used as storage as Iran faces prospect of filled up storage tanks and ships at sea at some point in the next few weeks. It has slow throttled production, increased storage, yet with no oil getting out of Hormuz straits Iran will at some point in the next couple of weeks have to shutdown some of the oil wells. The oil tanks cannot be monitored for storage level and their is existing storage in refineries and other places making it difficult to say precisely when but it could be in the next couple of weeks. This plays a part in Iran's thinking looking for ways to settle the conflict. US insists on getting all nuclear material out of Iran as an indispensable condition and the full and entire reason for the war not anything against the Iranian people. It is a basic idea- non-proliferation on nuclear weapons. Why in the Middle East- the answer is that for 5 decades there are wars in the Middle East, many small nations created by the British and the French who take no responsibility today, and the prospect of spread is real, sectarian conflicts for centuries, and a situation worse than in the Balkans where World War I started. The region extends from Iran, Iraq, Syria, Afghanistan, Yemen, Pakistan, each nation destroyed by 5 decades of war including many Americans, Russians Europeans dead.  Costs of War Project at Brown University estimates are that 4.5 to 4.7 million people died in these wars. The US is not a colonial power like the British and the French, the Dutch. It seeks no oil as it is self sufficient, and it seeks no strife or involvement in the centuries old saga of the sectarian religious conflicts in the Middle East, having settled its own between Catholics and Protestants in the 17th century so that the Industrial Revolution and Scientific Revolutions could take place to create the Modern World of science, medicine, and industry we know today. Many of the nations of the Middle East seem averse to whole heartedly embracing the European contributions in this achievement as China, India, and America have done, in the process changing how their people think and live, and strive daily to further these achievements. ...

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How much room is there to raise interest rates. Patrick Minford of the University of Cardiff says a lot more. At the rate of 9-10% inflation in Britain more interest rate increases are likely. Minford is advising Liz Truss who is candidate for prime minister. Minford's main ideas are- Get interest rates back up to what was considered normal in previous decades- 5-7% for mortgage rates is what it used to be. At that rate it protects people's savings something that did not happen in the last 2 decades of ultra low rates worsening the wealth gap for Britons in different classes. Cutting taxes is about providing the economy a boost as rates go up. It is not about huge cuts, just modest cuts like the 30 billion pound cuts proposed by Truss. Minford is not talking about low taxes. He is simply talking about having taxes at levels that will promote growth- "the key to growth is not having high taxes. We're not talking about cutting them, just talking about not having them at catastrophic levels." Here is what Liz Truss is proposing- Reverse the recent rise in national insurance. Scrap the increase in corporation tax. About this plan Minford says- "If we raise corporation tax we will kill off growth." Minford dismisses concerns about borrowing. " It's crazy to begin to try to drop the debt to GDP ratio 5 minutes after Covid." With higher rates Minford also think there will be fewer "zombie" companies eating up the nation's capital, while protecting the savings of hard working ordinary people in Britain which hasn't happened in the last two decades of ridiculously low rates, worsening wealth gaps in British society. Minford calls Sunak's policies "puerile" and too much beholden to Treasury thinking. Liz Truss says Sunak's policies are for Brexit in name only, not taking advantage of Brexit to rid Britain of cautious policy that does not capitalize fully on cutting the bureaucratic and regulatory burden to get growth, and trade that favors Britain. ...

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President Trump's focus in the State of the Union message in 2020 in the U.S. Congress was on what he had done for U.S. prestige and perception- "In three short years, we have shattered the mentality of American decline and we have rejected the downsizing of America's destiny. We have totally rejected the downsizing." "We are moving forward at a pace that was unimaginable just a short time ago, and we are never going back." The theme of the speech- "The Great American Comeback." No longer were other nations be allowed to take advantage of America, American interests would come first, and this also meant blue collar working families and middle class. Trade deals with Mexico and Canada, trade deal with China, reversing of the trade deficit, bringing back about 12,000 of the 60,000 thousand factories lost over two administrations Democratic and Republican of the last 16 years with many more factories in the pipeline, increasing jobs and incomes in an unprecedented way, were all the focus of the speech. The president basically sidestepped the impeachment for Ukraine policy and implementation, and focussed on the optimism from reversing American decline in trade, jobs, and manufacturing under past Republican and Democratic administrations.   ...

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In commenting on Rishi Sunak, a former hedge fund manager's sudden rise from anonymity three years ago when Boris Johnson became prime minister to leadership of the Tory party and prime minister, The Hindu cautions that it is of limited symbolic value, this kind of connection between India and the UK. The Tories are a house divided against itself, with many factions. Truss was brought down by Gove and others on the backbench who were not included in the government. Other Conservatives on the backbenches today, and Johnson, Jacob Rees Mogg, represent factions that are not represented in this government as was evident in questioning by Opposition leader Starmer in QA in the House of Commons. Other problems remain also evident in Starmer's questioning for Labour in parliament, including questioning about non domicile status in the family for tax purposes. Privileged Tories with connections to free markets such as Jacob Rees Mogg or Sunak without an awareness of the pain of ordinary working families, are not what a country with a cost of living crisis sees as leaders who can point to the way forward for Britain. As The Hindu points out he faces the same difficulty that Johnson with his style and personality was able to sidestep, that Truss naively tackled with quick unraveling of tax cuts for the upper incomes, and which Sunak with his experience with financial hedge funds may appear to have grasped but find escaping his grasp. This is the difficulty of matching traditional Tory policy of tax cuts and austerity, at a time when all major countries of Europe and the US are providing significant cost of living assistance to working families. Even small bits of austerity policy, or lack of conviction to help working families may now be seen by the Opposition, Labour, and even within some part of the Tory party and the vast majority of working families as oppressive.  Starmer is keen to remind working people of where Sunak stands as he did with the question in parliament Q&A about the comments made by Sunak at a small gathering that he had transferred money from poor districts to more affluent Tory districts. Would Sunak correct these erroneous funding formulas, Starmer asked. The Hindu also mentions Suella Braverman's appointment as Home Secretary only weeks after her resignation. It was poor judgement shown by Johnson in an appointment that cost him Tory support a few weeks before his resignation. Starmer brought this up from the beginning of parliament Q&A- asking whether a deal was made for her appointment to get far right wing Tory support from Braverman's faction in the party. For India and the Indian people there are so many genuine connections with Britain and the British people, some set when Mohandas Gandhi won the hearts of English working families during his visit for negotiations with the British that are are a better basis  and that will be remembered forever in the hearts and minds of the British people. ...

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Russian president Putin talks to journalists at his year end news conference in Dec. 2015. He has sharp words for Turkey, saying Russia's advanced air defence system S-400 is now in place to prevent any attacks on Russian war planes over Syria. And says the costs of the bombing campaign in Syria comes out of the Defense Ministry's training budget. Putin calls Donald trump "a very bright and talented man." He tells Russians that the Russian economy was coming back after a sharp recession. He points to Russian life expectancy at 71 as one achievement of this period, as the government considers raising the retirement age to conserve resources.