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WSJ Original article ›
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Republicans in Congress led by Speaker Johnson and Senator Lindsay Graham insist that a reform of the asylum and parole system for the US border is a must before an appropriations bill for the government to aid Ukraine and Israel, Gaza humanitarian aid can be passed. At a meeting at the White House Speaker Johnson came to an agreement on immigration reform of the asylum and parole system. A large number of people from Venezuela were admitted to the US in 2023 as the US has no agreement with Venezuela for return of people coming from that country. 2023 migrant entry could surpass 1 million as a result of this influx from Venezuela. This is a huge problem as 7.7 million people have left Venezuela of which 6.5 million are in Latin America, leading to the effort to cross the US border. About 286,000 Venezuelans crossed the border in 2023 by one estimate.

The Washington Post Original article ›
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Justice Kavanaugh as part of majority opinion in the US Supreme Court, concurs that illegal migration is an issue in the Los Angeles area. Solicitor General Sauer contended that the area has 2 million undocumented migrants. Kavanaugh writes that race can be a factor for police checks to tackle illegal migration.

“To be clear, apparent ethnicity alone cannot furnish reasonable suspicion; under this Court’s case law regarding immigration stops, however, it can be a ‘relevant factor’ when considered along with other salient factors.”

 

The Guardian Original article ›
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Us promises of aid to India during the current coronavirus outbreak. Anthony Blinken, US Secretary of State said - "Our hearts go out to the Indian people in the midst of the Covid outbreak. We are working closely with our partners in the Indian government, and we will deploy additional support to the people of India and India's health care heroes."

Washington Post Original article ›
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With the lack of action from House Speaker Mike Johnson on a bill for $61 billion in Ukraine aid bill which passed in the Senate  France, Germany and Britain are speeding up their defense supplies manufacturing and making larger investments with a coordinated effort with other EU nations. The problem say former NATO officials is the lack of investment in spare facilities. Rheinmetall is working on the German side and French defense firms are contributing to increased defense manufacturing.The European Defense Agency's deputy chief executive says production will require sustained investment ant finalized contracts. The European Defense Agency says EU nations have invested $52 billion in 2022 on defense gear.

NYTimes.com Original article ›
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Government aid in the US played a critical role in helping workers and families cope with the pandemic in 2020 and 2021. Government aid played a similar role in Europe and India.

BBC News Original article ›
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The US is sending the M142 High Mobility Artillery Rocket System to Ukraine to counter Russian artillery and long range rocket attacks in the eastern Donbas region. This is part of a new $700 million 11th military aid package to Ukraine. Germany will provide its IRIS-T system to Ukraine with radar to track Russian artillery, so that entire cities can be protected from Russian artillery attacks. The US has obtained assurances from Mr. Zelensky that the HIMARS US system will only be used on Ukrainian territory and not into Russian territory. Ukraine currently lacks this type of system that reaches for 45 miles for its midrange system, and it is seen as crucial for defending Ukraine, as Ukrainians are being forced back with Russian artillery attacks. Mr. Biden in an article in the New York Times said the US goal was simply to see "a democratic, independent, sovereign Ukraine," not to oust Mr. Putin, or seek a broader conflict with Moscow. Mr. Biden said that this aid will make a diplomatic settlement more likely, as it will strengthen Ukraine's negotiating position. ...
Wall Street Journal Original article ›
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German and Japanese auto exports to the U.S. are likely to surge in 2015 with a weaker euro and weaker yen.
DW.COM Original article ›
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Germany will provide Ukraine with $200 million for aid to internally displaced people. About 7 million people in Ukraine are internally displaced inside Ukraine. Most of the refugees are women, elderly and children. The internally displaced are in addition to the millions of people who are refugees in Poland and other countries.

Washington Post Original article ›
LyrArc Article Gist
Afghanistan plunges into a dire economic crisis and socio economic collapse with the collapse of basic services such as health care, banks, food supplies, financial systems. The EU promises humanitarian aid of $1.16 billion to be delivered directly by aid organizations. A virtual group of 20 summit leads to discussion of how to prevent famine and collapse In October 2021.

NYTimes.com Original article ›
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US poverty rate increased in 2022 after two years of declines with the end of government aid. It increased by 2.3% and the median income declined to $74,580 adjusted for inflation.

The Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
LyrArc Article Gist
The Fed's Bernanke announces that the Fed will buy $600 billion in short term debt including short term CD's and commericial paper that expires in 3 months or less, the kind of short term debt used by moneymarket funds, to provide liquidity in that market, to ultimately shore up money market mutual funds.
The New York Times Original article ›
WSJ Original article ›
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India's pharmaceutical industry gets a major boost with the development of a mRNA vaccine by Gennova Pharmaceuticals called HGC019. Gennova is funded partly by the government and is being developed in conjunction with Seattle based HDT Bio Corp.  The new vaccine can be stored between 35 to 46 degrees Fahrenheit making it easier to distribute in middle and low income countries with less storage and logistics facilities. It also uses a process of freeze drying called lyophilization to produce the vacine in powder form. It can then be more stable and easy to ship, easy to store at moderate temperatures. The powder can then be diluted with a diluent before vaccination. Another part of the new technology of this vaccine is its use of self-amplifying mRNA instead of non-replicating mRNA. This helps to administer smaller doses with less side effects. India's drug regulator has already approved Gennova vaccine in August for second and third phase trials after the shot was found to be safe in early stage study. Gennova Pharmaceuticals aims to get HGC019 approved for emergency use by Indian authorites this year and manufacture 60 million doses by December end. ...
WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
Republican orthodoxy means Republican platforms and policy calls for less government which goes against the facts on the ground and the needs of the Nation, and the People. This WSJ report shows Republican counties are more dependent on government aid by a factor of 10 to 1 compared to Democratic counties, and this is increasing every 4 years since 2000. It was 1 to 1 in 2000 and went up to 1 to 5 by 2016 and accelerated since to 1 to 10. Why is this important? It is important because as is true also for the trillions of dollars of funds allocated in the Biden legislation in the Inflation Reduction Act, for Infrastructure, and for Chips and Science. Much of this funding goes to Republican states and counties. Not just in this but in environment regulation for health this vastly benefits Republican counties as shown in the WSJ exclusive below on Mooresville, NC, on coal ash cancer causing soil fillers use in the wealthiest suburbs.   ...
DW.COM Original article ›
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The situation of ad cluttered mailboxes is a problem not just in the US, as shown in this report from Germany in DW.com. The Environmental Action Group DUH called for a new law in Germany to combat the flood of advertising trash in mailboxes. It estimates that 28 billion sheets of advertising material every year in Germany alone is printed by companies with the sole aim of putting it unsolicited in people's mailboxes. Currently people can opt out of junk mail in Germany by putting a sticker " No advertisements please," though this can be ignored by delivery people. An opt-in method differs by only people aho put stickers saying they are ok with ads being put in their mailbox. It is used in Amsterdam, Netherlands. An opt in method would save 6000 tons of paper and waste disposal trips, as well as save the air quality by half a million tons of carbon dioxide annually.

WSJ Original article ›
LyrArc Article Gist
WHite children born in 1992 fared worse in income levels than white children born in 1978. The reverse is true for black children- the income gap narrowing for black children born after 1992 and widening for white children born after 1992. In this unusual twist lies some of the angst about social divisions in America in 2024 where income mobility is a major issue. The Biden administration has achieved a lot with bipartisan legislation such as the Inflation Reduction Act, cancelling student loan debt or reducing it, creating 16 million jobs, bringing supply chain disruption inflation down from 9% to 3%, and yet more action is needed. Inflation in housing that for 25% of apartment renters takes 50% of household income is a challenge. Biden proposed a 5% cap on rent raises, Harris proposed capping rent payment at 30% of household income and  government aid for amounts above 30%. By contrast Trump program promises little to help with housing costs, and economic policy is limited to tax cuts heavily skewed to wealthier households. ...
WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
President Trump announces a $ 16 billion farm aid program to help American farmers hurt by Chinese tariffs on American agricultural products. The money goes directly in payments to farmers. Mr. Trump sees the tariffs on Chinese products as paying for the program.

The Trump administration has blacklisted China's Huawei  and president Trump says that he considers it to be a threat to national security. He also sees it as a bargaining chip in future trade negotiations with the Chinese. China's president Xi sees his country's national sovereignty in how it sets its own economic policy and manages its economy as an issue. Both sides are far apart. Xi even cited the Long March led by Communist leader Mao to Yenan in the 1930's as an example of the fortitude needed by China in dealing with the American challenge.

Washington Post Original article ›
LyrArc Article Gist
Republican McConnell and Democrat Schumer in interviews in recent days with The Washington Post, as the focus on the rest of 2024  is on what will the new US Senate look like, who is in majority, and who is in minority after November. A small faction in his Republican party opposed McConnell's bipartisan compromise. McConnell says after 17 years in the US Senate, that one has to remember what Harry Truman said. Truman America's post war president in 1950's said if you want a friend in Washington, buy a dog. Yet the Post also says the two McConnell and Schumer worked closely for 4 months to negotiate the bipartisan compromise on immigration to close the border. The first time the two sides have come  this close in this century says the Washington Post. Looking at the 22 Republisenators that supported McConnell and voted for the aid to Ukraine one finds most are senior and the majority of the senators with the most experience, compared to a small faction of newcomers without anywhere near the same experience. This is why the dissension in Congress can also be seen as not telling the whole story, when the most experienced people in the Senate and the House of both parties have come together on the big issues even when the fringes of both are engaged in unconstructive confrontation. You could see that when the younger J.D. Vance of Ohio addressed the heads of all the major US banks this past week in a Congressional Senate hearing and the difference when the more experienced Van Hollen of Maryland talked to the same banking heads. And when Senator Tillis of North Carolina one of the older experienced Senate Republicans made a strong plea for aid to Ukraine on the House floor and in his earlier support for the bipartisan change to asylum and parole immigration laws in the US. A broad center is emerging around coming together, around the most experienced people in the US Congress that sets the country in the right direction.   ...
WSJ Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Fannie Mae and Freddie Mac are required to send nearly all profits to the U.S. Treasury in the form of dividends. By the end of 2013 the two companies will have paid $185 billion in dividend payments, close to all the $186 billion in aid provided by the U.S. government during the housing and mortgage crisis. Fannie will have paid $113.9 billion of the $116.1 billion in aid given by the U.S. Treasury, and Freddie will have paid the entire $71.3 billion in aid given by the U.S. government. This was possible because of the recovery in housing prices since the collapse of the housing market in 2009. Most of the housing price recovery occuring in the worst hit states California, Arizona, Nevada and Florida as buyers were attracted to lower price homes in foreclosures and provided Fannie and Freddie a large boost, followed by recovery in prices as traditional homeowners entered the market. At one point in 2010, Nick Timiraos cited estimates of $680 billion for total aid that would be needed for Fannie and Freddie, which shows how far things have come from the low point in the housing market. ...
dw.com Original article ›
LyrArc Article Gist
DW report Christmas eve 2025 from Kviv- families sheltered in metro stations with air raids alerts for 10 hours. Ukraine's Zelensky meets US president in Washington DC on December 27 2025.


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