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President Biden says "I don't think anybody can deny the effects of climate change anymore," as the US goes through a heat wave in the south and the west of the country. Biden says it is outrageous that construction workers in some places were not given the right to a water break. Biden says the US Forests Service will use $1 billion to help cities and towns plant trees. This can help lower temperatures in cities and towns. San Antonio and Phoenix are some of the cities on the front lines of climate change, much of the south and western US is affected with abnormally high temperatures sometimes exceeding 110 degrees Fahrenheit. This is the hottest July on record in the whole world.

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As inflation eases and job growth continues in the US, and to a lesser extent also in the European Union, there are different opinions on why this is happening. One camp says that the surge in inflation was from temporary supply shocks. Once these shocks abated and supplies came back into the market the situation has eased. Central bank increase in rates played a smaller part in easing inflation say these experts. With interest rates up on loans there is less demand for cars in the US that leads to sellers having less pricing power. The other camp says the increase in interest rates at consecutive meetings had a strong impact on expectations of inflation. Higher interest rates played apart in cooling demand for cars and home purchases.

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This exceptional article in the Economist looks inside what is called the Alt-Right, how it got its name, who are its supporters, how it linked up with Trump, the goals of each, and how this movement looks compared to other similar movements in American history, the attitudes towards blacks then and towards Hispanics today. The idea presented of a "cuckservative," Republicans who have sold out to moneyed interests and to liberal ideas.

The use of Twitter and  social media for ideas not accepted in normal society, iconography, vernacular, use of Pepe the Frog as a cartoon character. The sometimes odd mix of Confederacy in the South, anti-immigrant in western states, agrarian nostalgia, and other ideas, all fused together into a rebellious sentiment expression.

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The coronavirus surge in southern states in the U.S. is different from the surge earlier in the northeast including New York and New Jersey. More young people are getting the virus. About half of those testing positive are now 18-35 years of age in Texas and Florida. Social distancing and masks is not mandatory with young people not practicing these safety guidelines. Many took the reopening to mean they could go back to the usual summer routines. Not taking it seriously is leading to more infections of young people. Cultural issues with practicing the guidelines and a tendency to not take it seriously has been a problem in the U.S. and parts of Europe since the beginning of the crisis leading to larger number of cases.

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A decade of warnings were ignored by Geran regulatory agency BaFin about wrongdoings at Wirecard. The company went bankrupt after about $2 billion was missing in accounts that did not exist in the Philippines.This comes after the VW emissions cheating scandal, and the troubled Deutsche bank behaviours leading to fines, showing Germany's poor record in action against corporate wrongdoing. Germany's Ba Fin repeatedly played down the questions about wrongdoing, kicked the ball to other agencies, and delayed examining the Wirecard accounts, says this WSJ report. A parliamentary investigation is being called for by opposition parties. In January 2019 Financial Times reported fraud allegations at Wirecard Singapore, yet Angela Merkel supported its acquisition of a company in China in talks in 2019.

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Nehru's speech on the first anniversary of Indian Independence reflects the troubles of partition, integrating princely states, the refugees from Pakistan, and the world situation in 1948 with civil war and hyper inflation in China, Berlin blockade by Russia, and the impending invasion of South Korea by June 1949. Nehru talk about the "Kartavya" of the ordinary citizens, the path shown by Gandhi, self-reliance, and courage, discipline, grit needed in hard times. Nehru's Kashmiri Hindi differs from the more western accent to Hindi of Sardar Vallabhbhai Patel. Both are shown on this page in audio broadcasts from the All India Archives and gives one a feel for the times and their relevance to guide India towards Vikshit Bharat 2047.

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There are 34 Senate races of which 23 are in states traditionally controlled by Democrats. Jacky Rosen is leading in Nevada, and Senator Ted Cruz will have trouble defending his record in the Senate. Senator Rick Scott a Republican from Florida will also have difficulty holding onto his seat. Republicans will gain the seat of Joe Manchin in West Virginia. Democrats could hold onto seats in Montana and Arizona. It all depends on messaging the facts about inflation, confronting immigration head on by saying the Republican Lankford legislation agreed with Biden will be signed into law by Harris, listing tough cost of living action limiting rent increases to 5%, and limiting price increases for groceries and other necessities. Infrastructure projects completed in red as well as blue states.

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Keir Starmer says he will fight every day until you believe again and bring security to working families. "This wound, this lack of trust can only be healed with actions, not words."

"I know that, but we can start today with the simple acknowledgement that public service is a privilege and that your government should treat every person with respect."

He said that for too long government had turned a blind eye as millions slipped into greater insecurity. “Brick by brick, we will rebuild the infrastructure of opportunity. The world-class schools and colleges, the affordable homes that I know are the ingredients of hope for working people. The security that working-class families like mine could build their lives around.”

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It was Doctors, the Bankers, Consultants, now it is Law Firms imposing outrageous costs on the economy. Law firms indirectly adding to the cost of doing business with outrageous per hour rates ($2500 per hour?), costs sure to be transferred to consumers and buyers in today's Cost of Living crisis. Another instance of price gouging in a different context that pushes up costs and prices, something Harris talked about in the debate.

There is a 30% jump in lawyer fees from $190,000 to $250,000, for junior associates since 2018. It is just not sustainable. Part of the problem is  hourly rates and companies such as Shell are looking for alternative arrangements- ones that make the final costs predictable and transparent.

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"Humphrey's Executor" is a precedent that bars firing by the president of FTC NLRB etc officials. "Humphrey's Executor" precedent is  being challenged by president DJT before the US Supreme Court and with it the independence of the Fed in 2025. Humphrey was an FTC official who was fired by FDR in the 1930's but died before his case went to the courts. It set the precedent that the president cannot simply fire officials he does not like. DJT challenged this by firing offfical at the National Labor Relations Board. When the US Supreme Court takes up this case it will look sceptically at this precedent, yet will find some way to protect the Fed's independence, says WSJ.

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Tariffs are unconventional tools for border security yet appropriate in situations such as these. Canada could have done this before a 25% tariff was announced by DJT- it would have been common sense for Canada to do what it did after the tariff before the tariff- put 10,000 frontline personnel at the Canadian border with the US, appoint a minister in charge of drug flows and fentanyl, and list cartels as terrorists. Considering the damage to the US from the border it was imperative that Canada, and Mexico took responsibility for the borders a long time ago. 

Within 24 hours of the Trump announcement of 25% tariff on Canada and Mexico the leaders of the two countries turned around to do what should have been done a long time back.

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Nitish Kumar, a former leader of the BJP party in the populous Indian state of Bihar, and the state's chief minister, wins the Nov. 2015 Bihar state assembly elections running against the BJP led now by Narendra Modi from Gujarat state. Mr. Kumar allied his new party with the party of an old style politician Lalu Yadav, (who is part of Bihar politics for many years), and ran on his pro-growth record of improving development in Bihar. The election provided a landslide for Nitish Kumar's coalition. Mr. Modi now has to find a way of working with states such as Bihar run by politicians formerly part of the BJP, who have also developed a pro-growth record.

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The uncertainty for the Crossrail fast train line in London, after Brexit. The $20 billion infrastructure project was designed to improve transportation in London, and cut travel times in half. It is considered Europe's largest infrastructure project. Brexit has created uncertainty for this project.

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Germany will get 4.5 billion euros in compensation for taking in refugees to cope with financial burden of taking in 1.7 million refugees since 2013. It covers the budget for 2021-2027. The EU will pay Germany 2800 euros for each refugee taken in who stayed.

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Speaking for the Biden administration Anthony Blinken says that "on the current trajectory, if we don't do more, if the entire world doesn't do more, the entire world won't be vaccinated until 2024." What is needed he said is to "speed this up, and get that done, I think, in a much shorter time." Experts say the immediate impact of the Biden decision to give waivers on transfer of patents technologies is to get drug companies to cooperate with each other and for them to voluntarily join in the manufacture of vaccines globally. This would be done through global manufacturing alliances in major pharmaceutical manufacturing nations such as France, India and other countries that can quickly ramp up manufacturing if they have access to the technologies involved and the knowhow itself. The Biden decision is then the first of many decisions that would lead to voluntary action by pharmaceutical companies cooperating say Novartis and Sanofi in France and Switzerland with a Pfizer or Moderna in increasing manufacturing capacity or a Serum Institute or Reddy Labs in India working with Pfizer and Moderna or Novavax. These companies already have the basic structures to ramp up. This would take months yet the process has to start immediately. Today many companies such as Glaxo Smith Kline in UK and US are in a position to get involved in manufacturing but need access to the technologies and knowhow. Leadership by the US plays a huge part in making that happen.  ...

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Mines sending trainloads of northern white sand are now sitting  idle in Wisconsin , hurting jobs and local revenues to finance budgets of local government. Mines have closed in Wisconsin for this sand that is blasted into silica and used for shale oil production. This has cost jobs in a rural area near the Mississippi river which borders Wisconsin, Minnesota, Iowa and Illinois. Even though these areas do not produce any oil and gas. Companies supplying trucks, lubricants and drilling tools are also affected all the way into Youngstown, Ohio, which provides pipe to the oil fracking areas in West Texas. Frackers blast a mix of sand, water and chemicals into fossil fuel bearing rocky areas. Sand called northern white was considered very good for crush strength to prevent plugs and there is a lot of it beneath western Wisconsin topsoil. Once used by glassmakers and cranberry this became a useful source of supplies from 2015 onwards. Demand surged till 2018 when new supplies were found in West Texas which would reduce costs of transportation. Wages in these mining jobs were about $8 higher than other jobs for people with less education. After 2011 financial crisis and the loss of manufacturing jobs to China this provided a new source of higher paying jobs for less educated workers and paid for local government to provide services including in one town a new swimming pool for the recreation complex. This has proved to be temporary with many mines closing in 2019 and in 2020 after the pandemic. ...

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U.S. president Trump approved tariffs on $50 billion of Chinese goods. The U.S. Trade representative is expected to announce the goods subject to a tariff of 25% on June 15, 2018, and publish them in the Federal Register next week. China's Foreign Minister Wang met with U.S. Secretary of State Mike Pompeo in Beijing, saying at a joint news conference that  if the U.S. went ahead with the tariffs on $50 billion of Chinese goods China has made preparations for tariffs of its own on American goods. The biggest targets for China are aircraft and soyabeans. Separately the Tax Foundation shows the tariffs on Chinese imports, coming on top of tariffs on steel and aluminium imports, would lower GDP in U.S. over long run by 0.06% and reduce employment by 45,000 positions. Other reports also confirm the impact is not significant enough and the U.S. sees its strategy as one of reversing the trade imbalance in the way it acted in negotiations with the Japanese after a similar trade imbalance with Japan. In some ways the trade imbalance with China is more severe in its impact on manufacturing in the U.S., hollowing out some sectors, and the size of the imbalance at about $ 1 billion a day much larger. This is also the position taken by U.S. Trade Representative Lighthizer, an experienced negotiator who negotiated with Japan during the Reagan administration. There is also the added issue today of intellectual property losses for the U.S. that the U.S. is seeking to address in the negotiations. ...

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The U.S. central bank, Federal Reserve, is grappling with the problem of low inflation. Inflation reached around 2% by December 2018 but has slowed to 1.5% in the second quarter of 2019. The cuts in interest rates to keep the U.S. and European stock markets from declining sharply and affecting business confidence and investment were part of the response from central banks following the blunders by banks in the years preceding 2008. This has hurt savers and savings accounts of ordinary Americans over a decade with rates as low as below 1%, creating a sense of inequity/fairness. Now the Federal Reserve is back to reducing rates by a quarter point from its current level of between 2.25 and 2.5%. Rates rose for a while as confidence returned to markets to the current level. The reason for reversing the increases and a cut in rates is that the U.S. central bank sees the need to set rates looking at the rates in Europe and other countries where the economic conditions and confidence is lacking and rates are kept lower than in the U.S. The Federal Reserve sees it as unhealthy to let the gap between the U.S. and rates in Japan and Europe to grow too large because of the global interlinkages. Earlier models of the tradeoff between unemployment and inflation are also seen as unreliable in today's conditions of irresponsible behaviour in banking and other sectors, and unfair trade advantages gained by nations in Asia that are now leading to trade wars. ...

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Batters Kohli against Australia and Sharma with Rahul against New Zealand, with the help of spinners Chakravarty and Kuldeep set India on the path to win Champions Trophy cricket games in 2025.

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52 to 48 US Senate vote confirms Tulsi Gabbard as Intelligence Chief in Feb 2025. And the vote to confirm RFK Jr at Health and Human Services moves to the US Senate.