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George Entwistle, head of BBC Vision, takes over as Director General of the BBC. He joined the BBC in 1989 and is a veteran programming executive.

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The Chief Correspondent of BBC News points out the dangers facing May and the British economy as the deadline of March approaches for invoking Article 50 to leave the EU and start negotiations. The possibilities of a "disorderly break" cannot be discounted, he says. There are many hurdles. The negotiations could get bogged down on the issue of settling outstanding obligations for which Britain owes 50-60 billion euros. Consumers will feel the effects of higher prices on their budgets as prices creep up. Already tech goods prices are reflecting the drop in value of the British pound. There is little solace to be found in the 6 months of steady economy following the Brexit vote as inflation has not hit consumers hard so far. Chancellor Merkel of Germany has said that there will be "no cherry picking" allowed in the negotiations. And the French right and former Gaullists have never concealed their views about Britain being on again and off again on the idea of Europe. The City of London, British business, and large parts of the Conservative Party do not favor Brexit, even the civil servants expected to implement it are skeptical, creating an additional layer of complexity and uncertainty and difficulty.Under a "disorderly break" Britain would revert back to the tariffs set under World Trade Organization arrangements. ...

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Iceberg 23a in the Antarctic Weddell Sea is shown here in spectacular photographs as it melts and breaks up. See these photos on the impact of climate change in real life in one of the remote areas of the world.

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NY Times analysis shows upper and middle income groups support 33 year old Zohran Mamdani,  black and Hispanic residents support Cuomo for NYC Mayor. Mamdani has a good ground presence with 50,000 volunteers knocking on 1.6 million doors in an unprecedented effort in one American city as it became less and less affordable (WSJ). Paradoxically large numbers of higher income resident and middle income residents favored Mamdani over Cuomo, and Cuomo did better in black and minority neighborhoods. Mamdani promised better housing, freezing stabilized housing rents and going after landlords who do not fix rental properties, free buses, and city run lower cost grocery stores, free child care. For the funding Mamdani says $5 billion by making corporate tax 11.5% similar to New Jersey, and by a wealth tax of 2% on incomes over $1 million (which at $20,000 would not affect their standard of living), as the property owners supported Mamdani. Mamdani is a immigrant who came to America from Kampala, Uganda at the age of 7 with Indian parents. His father taught at Columbia University, Mamdani attended Bowdoin College in Maine. ...

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The BBC's security correspondent looks at the cyber espionage being conducted from Russia during the U.S. presidential election. The U.S. director of national intelligence has pointed to the Russian government as the source of hacking into U.S. databases. U.S. intelligence officials say this is intended to interfere with the U.S. election process in some way. It follows hacking into the DNC database of the Democratic Party.

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The reorganization underway at NBCUniversal under CEO Steve Burke. Burke is quick to end the practice of different fiefdoms operating at NBCUniversal incuding NBC Sports, and expects all divisions to work together to produce synergy. He uses the example of a Symphony orchestra. Of 20 senior executives at NBCUniversal from the GE days only 5 remain, and the rest of the management structure is streamlined. Dick Ebersol who ran NBC Sports as his own sports empire, including the Olympics, with little oversight is out. About $12 billion has gone into sports because of the potential for advertising. Burke, 55, is from a family with a history in the television business- his dad was CEO of Capital Cities/ABC. He was in corporate strategy at Walt Disney Co. before he joined Comcast in 1998 to develop corporate strategy and acquisitions under Mr. Roberts. The opportunity at NBC gives Comcast a shot at building a business that spans its cable business and a content development company. Operating cash flow for NBCU is up 21% for the second quarter of 2013....

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Stancati and Walker report from Rome on Italy's latest election and the change in government as Giorgia Meloni wins 26% of the vote to form a new government. Her Brothers of Italy party has links to 1930's Italy, which Meloni is attempting to transform into a modern version that speaks for mothers, the Catholics and Italy. Italy has seen 70 governments in a short period with a highly fragmented and changing political scene. The analysis in BBC says this government could last only as long as it retains the support of people as governments have changed so quickly in Italy. Her partners in her coalition Mr. Berlusconi and Mr. Salvini have also won and lost public opinion in different periods in the last decade.

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The first presidential debate with Clinton and Trump is moderated by Lester Holt. The debate included an exchange on Trump's tax returns, policing in inner cities, and national security. The debate was broadcast by all television stations and was watched by over 100 million viewers. Trump made three times the interruptions made by Clinton. The birther issue raised by Trump also came up, and was cited as a "hurtful lie" by Clinton as it persisted long after the birth certificate information was seen by the public. In one exchange Clinton told Trump when he referred to all the infrastructure that had not been built, that one of the reasons was he had not payed taxes.

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Tony Hall, who joined the BBC in 1973, worked there for 28 years, heading the News Section from 1996 to 2001, was selected to head the BBC. His selection comes after the recent ethics problems at the BBC. The BBC is a major British institution with a 90 year history of providing news on world affairs. It reaches an estimated 240 million people worldwide. His selection was well received in Britain, with the host of the TV show Question Time saying hearing the announcement felt similiar to what it would have sounded to men in the Royal Navy when they heard that Winston Churchill was back.

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The large stimulus effort in Canada is about $382 Canadian dollars or $300 billion U.S. dollars for help to families, workers and businesses. It is about one fifth of Canada's total economic output. This has helped Canadian banks RBC and TD avoid major loan losses. 

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The city of Kharkiv is in complete darkness as Russia targets Ukrainian electricity grid with missile strikes. People gathering in the underground subway is shown in this BBC News report.

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Microsoft's sale of its 50% stake in MSNBC.com to NBC News in July 2012 for $300 million.

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This report in the BBC looks at China's telecom Huawei and points out that the new headquarters of the African Union were built in Addis Abba, Ethiopia at a cost of $200 million in Chinese aid. Later Le Monde Afrique reported that data from the headquarters was transferred to servers in Shanghai. 

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Laurence Peter of the BBC News describes a meeting of EU leaders in December 2016. The new Europa building with its space egg shape will be the location of the next summit in 2016, adding to a sense of history that the EU idea has witnessed since the 1950's, even optimism about far it has come at a time of a few setbacks.  He points out that Theresa May was not without persons to talk to at the meeting, though some video clips showed her looking lonely. EU president Martin Schulz said he was emotional seeing students crying after the Brexit vote, but that it was time to find solutions and not be emotional today. Lunch was offered at the meeting by Spain and Portugal, to mark the 30 years since they joined. People forget how much the European Community meant to the two countries after decades of suffering under fascist dictatorships- it meant new hope and an opportunity to set things right. Problems facing the EU today include, the frustration at the carnage in Aleppo, Syria, how to deal with Britain and Brexit, setting up an asylum system that will work, dealing with Ukraine and Russia without making the situation worse, and remaining concerns about the Greece debt crisis. ...

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A smaller and radically reshaped BBC to emerge after budget cuts.

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Following the executive order by U.S. president Trump reversing Obama administration policies on climate change and clean energy, BBC correspondent points out that the strategy of the Trump administration and Republicans is to change the narrative to job creation and with court challenges let the Clean Power plan be delayed. This would be followed by a different plan with less regulation of the coal industry. The clean energy policies were unpopular in states where Republicans had support.

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Pope Francis appears healthy and active, says this report in BBC News, even though he is now eighty, the age when other senior church officials are expected to retire. Pope Francis plans to continue for a few more years to complete his reforms for "a church of the poor." In 2016 he has replaced about one third of the cardinals in the electoral college. Francis lives a simple life in a tiny suite in the Vatican guest house. CastelGandolfo, a summer residence of the popes, has been turned into a museum for the public. Some cardinals from Italy, Germany and the U.S. say the pope is not following traditional teachings, yet Francis in his open gregarious style says he doesn't lose sleep over this. His style is marked by directness, and the use of short phrases of the Buenos Aires dialect with which he is most familiar.

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A WSJ/NBC News poll taken in Dec. 2015 after the San Bernardino terrorist attack on Donald Trump's proposed total ban on Muslims entering the country, shows 57% of the people surveyed opposed to it, and 25% supporting it. Among Republican primary voters 39% oppose it and 38% support it showing the Republican voters almost evenly divided on the issue, and the proposed ban not affecting Trump's standing with his supporters. About 56% of Republican voters see Trump in a positive light compared to 26% negatively, showing that Trump has strong support in the Republican party. The divergence in views sharpens when considering that half of Republican primary voters have an unfavorable view of Muslims while 79% of Democratic primary voters having a favorable view. In the country as a whole the poll shows about 60% have a favorable view of Muslims.

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In an excerpt from ABC interview in The Guardian with Biden, the president says he was exhausted, and he was sick that night and he just had a bad night, should have listened to his instincts to rest after long travel and extremely busy schedule. "It was a bad episode, not a serious condition." 

 

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Royal Bank of Canada acquired Centura Banks Inc. -a regional lender based in N. Carolina- in 2001 for $2.3 billion. It then made a number of acquisitions including $1.6 billion for Alabama National Bancorp in 2008. The U.S. branch network is fragmented with no major presence in big cities. RBC also failed to integrate the U.S. operations after the acquisitions. This approach hurt RBC because the strong risk management in the Canadian operations was not applied in the U.S. The result is a large number of nonperforming loans. In the 1st quarter 2011, RBC reported this was 6.8% of total assets. In 2009 Royal Bank of Canada took a 1 billion Canadian dollar writedown on the U.S. business RBC Bank. Now the operations are being put up for sale.

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The prime minister of India asks people who came up through the National Cadet Corps in colleges and universities to preserve the NCC spirit and look out for dropouts from school at this time of the pandemic. The NCC spirit is to meet that person and find ways to get him back in school or college. To let no person's potential and mind go to waste.

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This viewpoint in the NYT says U.S. Olympic swimmer Lochte's story of being robbed at gunpoint should have received more vetting by NBC TV channel which carried the Olympics from Rio live in 2016.  It says NBC's broadcasters did not ask the necessary questions and go into details when Lochte told his story to NBC, and once the story looked questionable held onto it for too long. Brazilians are angry about the story denigrating Brazil's image in the world. The U.S. Olympic committee apologized to Brazil for the incident.