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India, Brazil and South Africa as members of BRIC's means that the US position has support within BRIC's with nuances such as words on multipolarity of institutions. India has allowed trade to be done in rupees with Russia as trade is heavily imbalanced with Russia- India exports $4.1 billion to Russia and imports oil and gas worth $61 billion. Russia gets Rupees for the oil and invests it in the Indian equity markets and bonds.

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Kiruna, Sweden -Arctic town that sits on top of vast amounts of rare earth and mineral wealth in 2025. The whole town is being relocated to get to the rare earth needed in industrial development.

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European leaders meeting in Brussels set Sunday July 12, 2015, as the final day by which Greece is expected to submit proposals and reach an agreement with the EU. All EU leaders will be present at the Sunday meeting at which Greece's postion as a member in the eurozone will be settled, and measures for humanitarian aid to Greece can be discussed. EU chief Juncker called Sunday July 12, 2015 the deadline date. Greece's finance minister Tsakalotos surprised European leaders by not having any proposals to submit. German chancellor Merkel said at a news conference- "There are only a few days left for a discussion on what's going to happen in the future. What we need now is a multi-annual program tht goes far beyond the program that we discussed ony 10 days ago." Experts at Bruegel research organization in Brussels say the ECB providing emergency financing is dependent on Greece coming to an agreement with the EU, and if no agreement is reached Greece's exit from the eurozone is very likely....

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Keynes remark about a change of mind coming after looking at facts that have changed and Bernanke's experience last week in a similiar situation. Gertler, who heads Columbia University's economics department believes Bernanke has a good grasp of the facts, even though the markets and economy are still on a tightrope. Background about Ben Bernanke's growing up in a small farm town in South Carolina, named Dillon, and his feel for the common man, as old mills gradually closed down his area and people were without jobs. He brings a good understanding of the Great Depression, having spet much time studying the policy errors of that time. He is also not fixed about anything and willing and able to look at the facts and new facts as things change. Gertler for one does not see anything wrong with Bernankes inital perception of the situation and the change after studying things more closely, if anything he sees it as a plus, initial caution followed by quick action. time.

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Bernanke's talk in Berlin, at a conference sponsored by Germany's central bank, on how the global savings glut has kept interest rates low. He points out that things may change as Asian countries see growth in consumption.

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Honda with its popular Civic and focus on small cars is emerging a winner as it increases market share and sales. During the first half of 2008 Honda sold 100,0000 more passenger cars than Ford. A new plant in Greensburg, Indiana will begin production in September making the Civic compact. By 2009 that plant could produce 200,000 Civics.

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German banks lent $21.3 billion to the Icelandic borrrowers according to the Bank for International Settlements, well over a quarter of all international lending to Iceland. Most of Iceland's banks have collapsed. Iceland's central bank chief says lenders are likely to get only 5,10 or 15% back.

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Redistricting for Hispanic districts under Proposition 50 in California which passed by 64% in November 2025. A separate Louisiana case challenges redistricting by race as conducted under the Voting Rights Act. The US Supreme Court will have to rule on this issue. It is not always clear how this will work as Hispanic population has done well in employment statistics.