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China's state investment company which holds $200 billion of the country's estimated 1.4 trillion dollars in foregn exchange reserves, will not take large equity stakes in western companies, and the Blackstone deal in which it invested $2 billion will be more of a rarity. This according to Jesse Wang a member of the company,s preparatory group, the company will outsource the investment to western fund managers adnd take stakes in the broader economy, much closer to the model used by Yale or Harvard for their endowment funds. It will be overseen by Lou Jiwei, a former deputy minister of finance.

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Jim Press after many years at Toyota takes the job of fixing Chrysler.

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New blood at Merrill from Goldman's ranks as Thain tries to recruit a fellow executive Montag from his time at Goldman Sachs. Montag would lead Merrill's global sales and trading division overseeing equity trading and fixed income divisions.

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The way a number of lawsuits and a antitrust investigation turn out about whether Abbott violated antitrust laws in efforts to prevent an Israeli company selling a generic version of Aboots drug for cholesterol called Tricor, will say a lot about how far drug companies can go in fighting generic versions coming from competitors.

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The Economist says local grievances may have more to do with the unrest in Xinjiang than AlQuaeda or terrorist liks to the outside. And that the overwhelming use of force may only exacerbate the situation.

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House Democrats in the U.S. see the Republican health care plan making the same mistakes in 2017 that the Democrats made in 2008. With the passage of the bill in the House of Representatives with a vote margin on May 4, 2017, rushed through in the way the Obama bill was also rushed through, the nation remains as divided as ever on the issue of health care. The Republicans favoring limiting subsidies and cutting Medicaid, and using some of the savings for a tax cut. The Democrats favoring mandated coverage for all and large subsidies to reduce the number of uninsured Americans, with expansion of Medicaid for very low incomes. Democrats in the House say the Republican House bill will result in Republicans losing seats in the House in midterm elections.

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Shane Tamura mental health issues, football injuries that may have resulted in mental health issues for a star high school football player Tamura, and the Blackstone shooting in Manhattan. 

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US president DJT meets with Rutte of the Netherlands Jan 21, 2026. He says he has come up with a framework for US acquisition of Greenland, rights title, and ownership of the island for US security and world security. He called for immediate negotiations with the goal of US acquisition of the island of Greenland.  The political situation is evolving in this way. Germany is key in the developments for the US to acquire Greenland. Britain is standing it out with the Nordic countries as Starmer has shifted to the side of Sweden and Denmark with little to gain for the Labor government which is facing local elections and popularity of Reform UK Party. In this situation Italy and Germany have taken a posture of not making any statements. Germany facing Russian intervention in Ukrain on the east needs the US for joint security at a critical juncture when Russia and the US have agreed to respect each others area of influence. Italy is run by a northern Italy party leaning to the anti-immigration stance taken by DJT in the US. It makes little difference to Netherlands, Germany/Austria/Switzerland and Italy who controls Greenland and in the context of Russian advances and nuclear weapons technology would prefer US move to acquire Greenland and rapidly build up defenses in Greenland with large investments. To not disturb the alliance's northern countries (Britain and Nordics) Germany has taken a back seat to the rhetoric yet will be in the deciding role because of its stable government, support from all parts of the political spectrum for US control of Greenland except for the coalition junior partner the SPD. The SPD Defense Minister Pistorius may form parts of the SPD that see US owning the island as positive in the bolstering of its defense capabilities with th $1 trillion outlay in the budgeted investments. Starmer may have misread DJT and US support as the US president can make a very good case for US owning Greenland and getting Denmark to accept the offer of Harry Truman of $100 million made in 1947, updated for what that sum is today which is $1.5 billion. As DJT pointed out Macron has no longevity for his government in France, and cannot speak for that country. As Treasury Secretary Bessent who along with Rubio is part of the team that will work with the president says, Denmark is irrelevant to the issues US faces for US and world security. It is a small country, Denmark, with a population of 6 million most of it in the area near Copenhagen. Houston or Dallas has a much larger population. For Denmark to decide on momentous issues of US security for the entire eastern seaboard or world security, with ownership essential for the US,  when climate has made the Arctic important, is something the US does not accept.   ...

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The CDC Africa says Africa has recorded over 100,000 confirmed cases for a continent of 1.3 billion people, but as the WSJ reports on May 23 there is a high degree of underreporting. The number of cases the CDC says is about the same this week on May 22, as the cases were last week.The most cases are in South Africa at 19,000. 

Three countries have an increase of 100%, making it a situation that will need vigilance. So far 1.3 million tests were conducted. This report in DW.com contrasts with the WSJ report on May 23 which sees major problems developing in hotspots in Africa from Tanzania to Cameroon, in South Sudan to the Cape town area in South Africa. Cape Town hospitals are expected to be overwhelmed in weeks.

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Boeing's gumdrop shaped ship that will take Sunita Williams 58 years and Barry Wilmore 61 years  to the International Space Station in May 2024. It launched at 10.34 am on Monday May 6, and will reach the Space Station in 1 day and return a week later to earth. Both Williams and Wilmore have made 2 trips on NASA space shuttle and on Russia's Soyuz vehicles to the International Space Station.

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The Congressional Budget Office estimate is for the U.S. federal deficit thorough the first 7 months of the fiscal year beginning in October to be $231 billion lower than the deficit a year ago, because tax revenues are 16% higher. In addition to higher tax revenues Fannie Mae will contribute $59.4 billion to the Treasury in payback for bailout loans. This pushes the debt ceiling deadline from May to October 2013.