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Indian Finance Minister Sitharaman on the need for the G-20 to set regulation for cryptocurrency. "Crypto currency involves a lot of technology, it's 99% technology. We are talking to all the countries to setup a standard operating procedure that will be effective while following a regulatory framework. It's under discussion with G-20 nations." India's central bank RBI head Shantikanta Das says simply "cryptocurrencies don't have any underlying value." He has cautioned repeatedly not to let these assets grow as they could cause another financial crisis.

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Democrats are feeling hopeful that they can keep control of the Senate after passing the Inflation Reduction Act of 2022. This gives Democrats something to show Americans that tackles issues of inflation, climate change, fair taxation, healthcare access. In addition the Democrats have passed bills on building America's advanced technology industries with the semiconductor bill, earlier infrastructure bill in 2021, and a bill to help veterans. By not supporting the Inflation Reduction Act with all 50 Republican votes in the Senate voting against it Republicans are now less hopeful of winning the Senate.

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Asia's longest bidirectional tunnel is between Ganderbal district in Kashmir and Kargil district of Ladakh in India's Himalayan region at a height of 11,500 feet for 14.2 kilometres. Indian Express shows pictures of work on the tunnel which will cut time across the mountains from 3 hours to 20 minutes and connects Leh in Ladakh with Srinagar in J&K providing all weather connectivity. It will be completed months ahead of completion date of 2026. As part of the project 19 tunnels are being constructed at a cost of $3.5 billion.

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Kristine Tompkins donates 1 million acres, the Chilean government donates 9 million acres, together this is being used to create 5 national parks and expand 3 in Chile. Since 1994 she and Mr. Tompkins a founder of North Face, who made $150 million from selling his apparel company Espirit, have accumulated land in Argentina and Chile as part of a passion for conservation. Tompkins died in a kayaking accident and Ms. Tompkins has decided to give it all away in national parks. Their story is part of a new documentary "Wild Life," by Chin and Vasarhelyi.

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A look back at the Merkel 16 years in Germany and the European Union, the compromises to keep the Social Democrats out and her party the CDU in power, the failures in preserving social mobility in German society, immigration that led to divisions in German society, and climate change where she took some faltering steps. Only in the end did Merkel put all her convictions behind Scholz and the effort to bring trillions of euros of aid to Germany and the European Union devastated by the coronavirus pandemic. This may be her singular achievement.

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The US has a history of vaccination mandates, going back to the Revolutionary War under George Washington when all soldiers in 1777 were required to be vaccinated and Boston required the population to be vaccinated in 1809 for smallpox. Vaccine mandates were adopted during the measles, and diphtheria vaccination campaigns, and for other diseases. It is only through the mandates that these diseases were controlled. The coronavirus is no different as states and cities across the US take up mandated vaccination to avoid taking any risks with the fast spreading Delta variant.

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NYT reporters look at the details in the Biden $1 trillion infrastructure spending bill passed in the U.S. Senate. For the first time in decades Congress and the president take a serious approach to investing in America's infrastructure. It covers investments in modernizing and improving  rail, broadband, nuclear, roads and bridges, with additional investments in environmental protection, and renewable energy. It does not give president Biden all that he has asked for and was achieved through compromise between Democrats and Republicans in Congress who agree that big infrastructure investment is needed to upgrade old infrastructure.

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President Biden and Russian president Putin held a two hour virtual meeting on December 7, to discuss Ukraine. Biden stated that the US would take action to support defense arrangements in Ukraine, Poland, Romania, and other Eastern European countries, if Russia invaded Ukraine. He urged Russia to return to diplomatic talks to settle differences over Ukraine. US National Security Adviser Jake Sullivan described the virtual meeting in this way- "There was a lot of give and take. No finger wagging. But the president was crystal clear about where the United States stands on all of these issues." 

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One bright spot even as the war in Ukraine continues is the recovery in Ukraine food exports. Ukraine's Food ministry says the exports of foodgrains from Ukraine reached 6.9 million metric tons in September 2022 compared to 7.1 million metric tons in September 2021 before the war. This shows how vital are the shipping lanes and agreements to keep shipping safe on the Black Sea ports as they are a lifeline for Turkey, Egypt and many countries in Africa. It also takes out some of the pressure on food prices all over the world.

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Mr. Alter's "His Very Best," shows Jimmy Carter much more than a one term president, a president who brought compassion, decency and transparency to the presidency. Here a critical care physician describes Jimmy Carter's decision for "hospice" care and what it means to spend the last months not just a few days in the company of family at home. Carter had foresight to put solar panels on the White House, and started initiatives in housing and health, and maintained an active healthy lifestyle that is a role model for all Americans.

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Burning of stubble from the rice harvest to clear land for the next year's cultivation in the Punjab creates 25% of the pollution over New Delhi. Automobile pollution adds more pollutants. This toxic mix of pollutants is trapped by the cooler air during the winter over much of northern India. At one point the pollution index reached 643 in New Delhi, by comparison it was hard to breather with an index of 116 from the wildfires in Canada's northern region that sent smoke all the way into Washington D.C. 

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The Trump real estate assets in New York and the real estate business are at risk in the civil case in New York about inflated asset values and loans, says this report in The Guardian. Judge Ergoron is handling this case and this is not a jury trial. This report in The Guardian asks, did Mr. Trump have the goods, citing a line in his 1987 book, "The Art of the Deal." It says after all the press, the hyperbole, the promotion and the excitement, if one cannot deliver the goods, people finally catch on to what is happening.

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Almost all countries have lower commissions for real estate sales. In the US about 3-4 houses are sold over a lifetime. At 6% commission this amounts to a cost of 25% of the sale price of these homes. This adds to the cost of living for American people and reduces their savings for investment in quality of food, education, health and leisure activities. By comparison in the UK it is 1.3%, in Netherlands 2%, in China 2.5%. In most countries only 33% of sales are done by buyer agents in the US 89%, in the UK less than 5%.

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Jurgen Klopp takes Liverpool to a 4-0 win over Barcelona in the Champions League semi-final of 2019. With 2 key players out from injuries, for Liverpool it was all about the mind and its approach to the game with a mentality to go out there and do whatever was needed. It strained credulity. In 7 minutes it was 1-0. In less than an hour it was 3-0. Without Firmino and Salah, two of their best players, it was disbelief at Anfield. Messi and Suarez tried for Barcelona, but it made no difference.

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France's new premier Francis Bayrou says in a policy speech to parliament yellow vest protests need to be heard and the pension reform of 2023 with large protests can also be debated and renegotiated. It is an effort to bring together all parties after the alienation of the last 2 years. Macron raised the pension age from 62 years to 64 but did not first get the support nationwide that was needed. 

Bayrou raises the deficit target to 5.4% from 5% under the Barnier government that lasted only 3 months and failed to win parliamentary support.

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The European Central Bank left all its interest rates unchanged on September 7, 2016. No changes were made to asset purchase program, which will run until March 2017 or beyond as needed. The ECB left interest rates at 0% for its lending operations, and for overnight deposits at 0.4%.  Inflation is a special concern, as inflation was at 0.2% for August. Business activity and investment in the EU and in the U.S. is weak, and Brexit is still a concern.

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Indian prime minister Modi calls on nations at the G20 meeting to focus their attention on issues that they agree on even though their are issues on which they disagree. These issues include food insecurity, climate change, and the burdens of debt and debt servicing in developing countries. US foreign minister Blinken says this is the right approach and calls on all nations to take action in that direction.

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For the first time we hear of "period poverty" in advanced European countries. Scotland charities say there is "period poverty" in Britain as the pandemic hurts incomes across Scotland. Women and girls not having money to buy sanitary products needed during menstruation. The Scottish parliament passes a Period Products Bill to ensure all women have free sanitary products, the legislation costing about 10 million pounds.

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Johnson and Johnson vaccine is 66% effective in a single shot, a 44,000 trial study has shown. Remarkably it is 85% effective in serious illness and prevents all deaths 28 days after it is given. It is also shown to be as effective in serious illness and deaths in South Africa and 57% effective overall. The South African variant was a cause for concern in the second wave in 2021.

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England's batsman Alastair Cook talks about the pitch in the Third Test at Ahmedabad. He says he would have had considerable difficulty facing the spin bowlers on that pitch in Ahmedabad. With a spinner in his groove, and men all around the bat, Cook says its hard to even get off the mark, with the noise from the stadium and constant scrutiny of the batsman's technique.

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The U.S. House of Representatives votes 420-0 calling for public release of the Mueller report on the investigation into Russian meddling in the 2016 presidential election. The probe by Special Counsel Mueller looked into whether anyone in the Trump circle aided Russian meddling in the election. The unanimous vote is a result of the public support for releasing the report. Mostly all Democrats and 80% of Republicans support its public release.

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The Guardian gives this story of Khamanei's rule in Iran after 1989. He was made president in 1981 in a landslide win at that time just 2 years after the revolution in 1979 that toppled the Shah of Iran's monarchial regime. Khamanei comes from a the family of a modest cleric in the town of Mashaad who was immersed in the anticolonial writings coming out of Arab North Africa's liberation movements. His policy towards Israel and the US, difficult relations with Arab countries in the neighborhood, and pursuit of nuclear weapons technologies, led Iran to become isolated and face sanctions that hurt its economy and its oil industry for three decades. It created its own version of governing and in setting up proxy militias but this resulted in huge investments diverted from the economy of Iran, neglect of its oil industry and production under western sanctions, that led to economy collapsing and student protests every decade. This expanded in 2025 to broad sections of the population calling for a new direction. Protests were suppressed leading to a disconnect with the people by 2026. To truly understand Iran one has to step back to the 1900's ( as one must also do to understand China or India), as Iran was ruled by the Qajar dynasty at the time. The first Majlis parliament was set up in Iran in 1906 -with the help of "good" Britishers like the British agent in Rajkot who helped send Gandhi to London to study law- wished to see a constitutional setup similar to Britain and limit the powers of the monarchy so that reforms in agriculture and in the civil service could be made. It lasted until 1908. At the time other Britishers in the British Empire both in India and in London sought to maintain British influence and keep out Russian influence. It was not a coincidence that the Majlis lasted only till 1908. That year in 1908 the first discovery of oil in West Asia was made in Khozestan province by George Reynolds, with investor backing of William D'Arcy. The following year 1909 the Anglo-Persian Oil Company( later Anglo Iranian Oil Company and later British Petroleum) was formed. The oil concession was given by the Shah from Qajar dynasty. From that time on Iran became the scene of oil company interests, monarchial interests first under Qajar dynaasty and then under Pahlavis dynasty (which set itself up like Napoleon II in France from humble origins, after 1925 to replace the Qajar dynasty), and the emerging middle class lawyer and civil service, agricultural landowners class, all competing for power and influence in a Asian region with Shihite Islamic embedded in the fabric of the society. Power swung to different groups from 1925 onwards for 5 decades to the 1979 revolution that overthrew the Pahlavi temporary replacement monarchy that worked with British oil interests. West Asia became a meeting point for anticolonial writings emerging from Arab North Africa and other places that took the form of and led to a socialist style anticolonial Baathist influnce that overthrew a monarchy in Baghdad Iraq in the "Free Officers" coup of June 14, 1958 led by Karim Kassem. Out of that Pan Arabic Iraqi mood emerged S. Hussein who with weapons systems imported from the US and Europe initiated the war with Iran in 1980. The Iranian counterrevolutionary movement to Iraq began from that time with the leadership of Khomeni and Khameni from 1981. This is what one has seen swing back and forth in the West Asian region for about 5 decades to 2026, the regional Arab states mostly Sunni monarchies ranged against Iran with its Shiite and also modernizing population. US oil interests in Arab monarchies of the West Asian region from the time of FDR's meeting with Saudi's Faisal in the WWII period clashed with Iranian public interests competing with oil interests (US and British) allied to monarchial interests, and the emergence of Shiite Islamic authority in Iran in these clashes. Iranian public interests that started out with the Majlis and parliaments set up by the "good Britishers" never got a chance in Iran just as the modernizing effort of Sun Yat Sen in China in the 1900's never got a chance in the middle of the surviving monarchy in China by 1910, and the Japanese colonial interests in China from that time competing with the Nationalists Koumintang and the Communist Chinese workers movements emerging in the 1930's, all competing for influence during the Chinese civil war and in its aftermath the emergence of Mao and the CCP of China. This is the situation we in the world face today. ...

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This is an exceptionally humorous operating room story of Dr. Trump and Dr. McConnell by Kristof of the NYT. Sometimes humor tells the story- and Kristof does this using a story of a surgeon president Trump in the operating Room trying to address the concerns of the patient Janet, as he keeps telling her she needs a new heart with great benefits, great benefits, before she implodes or goes down failing. Flat out take the old heart out even if a replacement hasn't been found, believe me great benefits the surgeon tells her, just that the patient just isn't getting convinced as its happening to her. The analogy is with replacing a health care plan, not just the Obama plan, any plan without something to take its place. For a few days before this article by Kristof, the Republican effort to repeal the Affordable Care Act without having a replacement was presented as a good idea. Janet is like the three Republican women- Collins of Maine, Capito of West Virginia, and Murkowski of Alaska who wanted to keep the heart they had till a replacement was found, against the surgeon Trump's advice. In a way it is about politicians in the last decade who never had any discussions as they rushed through with their own agendas, as the Republican and Democratic health care plans were rushed through Congress with relatively little participation and debate to hear all viewpoints. ...

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Mark Fields and the efforts to improve margins at Ford Motor Company. Ford's global operating margins at 6% lagged behind the 9% margins at VW and Hyundai in 2011. Ford is sixth among all automakers in profits earned on each vehicle sold..The difficulties in Europe, and fears of a slowdown in the American market create new pressures at Ford.

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One of the opportunities of this pandemic is that it offers a chance to think anew and act anew. Where in Lincoln's words "the dogmas of the past are inadequate for the stormy present, as our case is new we must think anew and act anew." Here Vladimir Putin offers his assessment of how the pandemic calls for a fresh approach to reviving De Gaulle and other postwar European leaders vision of Europe that spanned the entire continent culturally including Russia. He accepts mistakes have been made by all sides and the title of the article by Putin is "Be Open, Despite the Past." The Russian Embassy in Germany contacted De Zeit for publication of an article by Putin, and it can be seen as part of the Russian response to president Biden's effort to build a new cooperative relationship with Russia that is in the best interests of the US, Russia, Germany, the European Union and also of India which has a cooperative relationship with Russia. There is the danger that it could be seen as reported in The Times of London and comments posted seeing it against distrust built around Ukraine and Eastern Europe. The 670 Comments in Germany on De Zeit site on the article reflect a more German perspective of being a close neighbor that suffered so much from the war that left millions dead on both sides. One German commenter says his father and grandfather were forcibly recruited to fight in France and Russia and suffered much in wartime. The occasion is the 80th anniversary of the German invasion of Russia in World War II. Some of what Putin has to say- "We hoped that the end of the Cold War would mean victory for all of Europe. It would not be long before Charles De Gaulle's vision of a unified continent would become a reality, more culturally and civilizationally from Lisbon to Vladivostock." Russia has changed, Russians see themselves as European, as part of the larger European Union, culturally and civilizationally. This is not the old Russia of the Cold War or of the Soviet period. "NATO itself a relic of the Cold War, created out of a confrontation from that time." Not objecting to NATO but to the expansion of NATO to Russia's borders. But saying this has not got us anywhere where our heart not our brain says we ought to go. Lets try again to draw different conclusions from what we have seen. Its important to think anew because "we are all confronted with the common challenges of the pandemic and its extremely serious social and economic consequences." "The entire prosperity and security of our common continent are only possible through the combined efforts of all our countries, including Russia because Russia is one of the largest European states. Wed feel our inseparable cultural and economic ties to Europe." "We simply cannot afford to carry around the burden of previous misunderstandings, hurts, conflicts and mistakes. A burden that prevents us from solving current problems. We are convinced that we all have to admit and correct these mistakes. Our common and undisputed goal is to ensure the security of the continent without dividing lines. And to create a unified space for equal cooperation and collective development in the interests of the prosperity of Europe and of the whole world." President Biden was right to think anew and act anew in Geneva, and to "disenthrall ourselves" from old ways of thinking, and for rising to the occasion. Jill Biden said of president Biden's preparation for the meeting in Geneva- "Hell, he was overprepared," and it showed Biden's genuine feeling and effort that he owed it "in the interests of Europe and the world."       ...