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WSJ Original article ›
LyrArc Article Gist
Musk DOGE 2025 and the 1941 Truman Committee- cutting waste in $4 trillion in spending.  With the Biden Infrastructure Act and other infrastructure, science and chips spending of $4 trillion the US needs to act to have oversight on waste and overspending in 2025. We just want to show that it is in the American tradition of democratic government, that an obscure Senator from Missouri, Democrat Harry Truman initiated such an effort called the Truman Committee when he addressed the Senate on Feb 10, 1941. The US Senate site describes this Special committee to Investigate the National Defense Program adjacent to this article. As the US prepared to enter World War II in Feb. 1941 an obscure Senator from Missouri rose up in the Senate to call for oversight over the $10.1 billion Roosevelt had got approval from the US Congress to spend on war efforts. The oversight was to fight overspending, waste and fraud in spending the huge amounts dedicated to the war effort. The result was the Truman Committee in the US Senate with as chairman of the committee Harry Truman 1941-1944, James Mead (NY) 1944-46, Harley Kilgore (Wisconsin) 1946-47, Ralph Brewster a Republican from Maine in 1947-48. These were the years when the US spent on the war effort- $330 billion in 1945 dollars, $4 trillion in 2024 dollars $212 in US government borrowings, $136 billion in war bonds With the Biden Infrastructure Act and other infrastructure, science and chips spending of $4 trillion the US needs to act to have oversight on waste and overspending in 2025. ...
WSJ Original article ›
LyrArc Article Gist
US president Biden makes three nominations to the US central bank, the Federal Reserve. Lisa Cook's nomination to the central bank is confirmed in the Senate 51-50. Following the appointment of Lael Brainard to the central bank as vice chairwoman, president Biden has nominated Cook, the first Black woman on the Federal Reserve board from Michigan State University. He has also nominated Mr. Jefferson of Davidson College to the Federal Reserve board. A fourth nomination is of Michael Barr, a law professor, as the Federal Reserve's vice chair of supervision. Lael Brainard served under president Clinton and is on the board of the Fed since 2014. She was Treasury Under Secretary for International Affairs from 2010 to 2013, coordinating economic policy at G-7 meetings during that time. Jerome Powell, the current chairman of the US central bank is being renominated as chairman by president Biden after Powell's term expired in February. Lisa Cook's research focus was on policies that promote broad economic opportunities for women and racial minorities. She served on the Council of Economic Advisors under the Obama administration, and has worked at the Treasury Department. With Janet Yellen at Treasury and Jerome Powell and Brainard at the US central bank there is a shift to policies that will promote president Biden's agenda for his first term to invest in infrastructure, supply chain renewal and working class families in America. ...
DW.COM Original article ›
LyrArc Article Gist
German Defense Minister Christine Lambrecht says Germany will send anti-aircraft tanks to Ukraine. She said "we are working together with our American friends in training Ukrainian troops on artillery systems on German soil." 

The decision by Russia to launch a new offensive in the south and east of Ukraine after the stalling of the Russian forces near Kiev, has led to a shift in American policy to decisively counteract the Russian moves into Ukraine with weapons and training assistance. WIth both Republicans and Democrats determined to support president Biden in this decision, Defense Secretary Lloyd Austin and Foreign Minister Blinken visited Kviv and then landed at Ramstein Air Force Base to coordinate the efforts from Germany.

NYTimes.com Original article ›
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A visit by president Biden to Canada to meet president Trudeau shows a unity of purpose of the two leaders who have a close Justin and Joe relationship, says this report in NYT. Before the trip an agreement had been reached by which the two countries can ease pressures of migration from the southern hemisphere. Migrants seeking asylum in Canada from the US will be turned back at Roxham Crossing. Canada will accept 15,000 refugees from persecution, violence or economic devastation, to ease pressures of illegal crossings into the US from Mexico. The trip comes after Trudeau's frosty relationship with former president Trump. It also comes as Canada and the US build a closer relationship to meet challenges of multipolar world from China.

WSJ Original article ›
LyrArc Article Gist
The Biden administration has set new rules for restricting leading edge chip manufacturing in China. The policy is intended to prevent military use of advanced chip technologies by China, a policy adopted by Xi Jinping in China. US and China have differences on Taiwan and the Asia-Pacific region. Companies making chips will have to decide if they will invest in the US or China. Any leading edge manufacturing in China of chips over $100,000 or increasing manufacturing capacity by 5% will lead to restrictions being placed on these manufacturers for working with the US. This sends a clear message about US policy for leading edge chip technologies that the US seeks to protect from misuse by other countries.

The Times of India Original article ›
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US Trade Representative Tai and India Commerce and Industry Minister Piyush Goyal will meet in New Delhi November 22-23 on Tai's visit to New Delhi, Seoul and Tokyo to strengthen trade and investment ties for Indo-Pacific region. Following Modi's meeting with Biden in Washington DC the discussions with Tai will reconvene the India US Trade Policy Forum in 2021, and push forward with the negotiations for the Investment Incentive Agreement to increase investment in development projects in India. All aspects of investment, trade and industry will be covered as India builds a closer relationship with US in its drive for economic development that also strives to achieve goals for renewable energy.

The Hindu Original article ›
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Many people ask how prime minister Modi can maintain a high level of energy while having such a busy schedule. Modi had 20 meetings in 65 hours in his 3 day trip to the US. Many of these meetings were important ones, including one with Quad leaders, meeting with Mr. Biden, his speech at the United Nations, meetings with US CEO's.

Modi drinks a lot of water to stay hydrated. He also tunes his body and sleep cycle to the time zone of the destination. Yoga, exercize, and good nutrition habits, also play a part in Modi's ability to maintain that level of energy. Concentration, discipline, determination, play a part in how he handles work.

SWI swissinfo.ch Original article ›
LyrArc Article Gist
This podcast in the SWI swissinfo.ch explains what the UN agency International Telecommunications Union is and why it is important. The ITU is responsible for governance of the world internet and broadcasting. It is based in Geneva, Switzerland. It is the oldest UN agency as it was founded in 1865 as the International Telegraph Union. The US Biden administration has nominated Doreen Bogdan-Martin to the key position of head of this important UN agency to maintain a free and open internet. Doreen Bogdan-Martin is from New Jersey, US, and graduated with a Masters degree in International Communications Policy from American University. She joined the ITU as a Policy Analyst in 1994, and is head of the Telecommunications Development Bureau of the ITU.

The Guardian Original article ›
LyrArc Article Gist
The effort to impeach US Homeland Secretary Mayorkas fails in the House of Representatives with a vote of 216- to 2014 with 4 Republicans voting with all Democrats. Constitutional experts say there are no grounds for impeaching Mayorkas and no cabinet official has ever been impeached before. The WSJ Editorial Board also says there are no impeachable offences. A Senate bipartisan effort to change asylum and parole laws to end the migrants flow over the US border with Mexico with president Biden's support to close the border the day it is passed is now stalled because of Republican opposition. This also keeps aid to Ukraine and Israel in a bill before Congress in a state of uncertainty.

Washington Post Original article ›
LyrArc Article Gist
How the bipartisan deal put forward by Senator Lankford, LIndsay Graham and Tillis from the Republican side and Senate Majority Leader Schumer and Biden on the Democratic side is now stalled with no support in the House from Speaker Mike Johnson of Alabama. This analysis in the Washington Post shows it was tried before by Senators McCain and Kennedy in 2013, and in 2018, yet each time the US Congress has failed to act. This time the US Border Patrol has endorsed the Lankford Schumer effort and Arizona Senator Sinema, senators from Alabama and others, all women have made passionate pleas considering the need for a solution. Sinema made the plea for all Arizonans yesterday in Congress.

WSJ Original article ›
LyrArc Article Gist
Globalization is being replaced with government support for attracting new investment and industry. Germany is providing $11 billion for 2 Intel semiconductor plants. The Biden administration $280 billion CHIPS and Science Act investment by the US sets the new pathway for government to support industry to increase investment and create good paying jobs inside the US. This reverses decades of neglect of American manufacturing by administrations from the time of president Reagan through the Bush, Obama and Trump administrations. A new world order is being shaped that enables the EU and the US to compete with China with direct government support for industry.  The US and the EU gain, the UK and Singapore lose out in the new arrangement.

WSJ Original article ›
LyrArc Article Gist
The US and Saudi Arabia are working on a partnership in which the Saudi Public Investment Fund will invest $15 billion to secure mining stakes for metals such as cobalt needed in electric car batteries. The US would buy the supplies from the Saudi owned companies. US is a copartner with India on a new economic corridor infrastructure project that will connect India with the European Union and the US through Saudi Arabia. Saudis will invest $20 billion said MBS, Prince Salman of Saudi Arabia, at the meeting of the G20 in New Delhi alongside Modi, Biden, Scholz, Macron and the heads of the EU. This is a major new project for which the seeds are being put in for future generations.

NYTimes.com Original article ›
LyrArc Article Gist
Election of Democratic governors in two southern states could mark a shift as white voters shift back to Biden and Democrats. One year before presidential elections 2 Governors races in Kentucky and Mississippi, mayoral elections in Philadelphia, assembly elections in Virginia, and  an effort to enshrine abortion rights in the state constitution in Ohio, offer insights into voter sentiment. In Kentucky  a popular Democratic governor faces a challenge from a candidate endorsed by Mr. Trump, and in Mississippi a scandal affects the reelection of a Republican governor who faces a challenge from a cousin of singer Elvis Presley. In Philadelphia a Democrat is nearly assured of a win as mayor. Republicans are looking to gain the assembly in Virginia.

WSJ Original article ›
LyrArc Article Gist
This story in WSJ says China may have a lead in electric car battery sales in 2024 and beyond. China is investing heavily in battery plants and EV plants in Europe and the US. This would help China meet the restrictions on import of electric vehicles from China by the Biden administration. CATL increased its market share in Europe from 10% to 24%. Sales of EV vehicles in China went up by 37% in the first 9 months of 2023, and China is the top exporter of electric vehicles. CATL's electric battery sales in Europe doubled compared to 60% for LG. And in excluding China sales CATL has caught up with LG both having 28% of the market.

WSJ Original article ›
LyrArc Article Gist
In the event that the US Supreme Court halts president Biden's student loan payments assistance plan about 45 million borrowers will be affected in the US. Young people who believed in getting a higher education or going to university will be penalized for that decision. It will affect the retail sector and standards of living, during a cost of living crisis.One of the achievements of the 20th century similar to achievements in medicine and other fields was the open access to education to all. Without it no part of the world can call itself part of enlightened civilization coming out of the creation of the modern world which started in Europe and spread to the US, then to Asia.

The Guardian Original article ›
LyrArc Article Gist
Sure Start is a child education program for the early years to provide community centres and services to children started in 1998 under Labor prime minister Gordon Brown and later reduced in funding by the Tories. Efforts to revive the program under Labor party with high degree of child poverty in Britain. Results of the program show children improved in later grades in their learning ability and educational level proficiency. Children from low income households and mothers could benefit from such programs in the US and UK. This is part of an overall effort under Starmer in the UK as Labor returns to government with an expected majority and as Biden continues efforts to raise levels of educational opportunity for children in the US.

NYTimes.com Original article ›
LyrArc Article Gist
NYT's Keith Bradsher points out that weak sales in interior of China, and construction industry no longer supporting the economy, is leading to the new policy of pushing solar/EV's exports and sales overseas. These industries are state promoted with hidden subsidies of land, energy, and labor pool that the US lacks in similar subsidies- subsidies treated with theory arrogance in the US by economists who lack a grasp of the realities of manufacturing and trade. President Biden is freeing US industry from this stranglehold of weak economic theory that has too long beset US industry, by supporting American industry in every way possible, protecting and enlarging American manufacturing, and CHIPS technology scientific endeavors.

NYTimes.com Original article ›
LyrArc Article Gist
Microsoft leaders for reasons of climate change action and aid to poor African and Latin American nations see the positives in Harris-Walz focus on investment in the future. A similar situation exists with JP Morgan Chase bank leaders. Intel and Ford Motor Company leaders see the Biden administration investment in American companies for stronger competition with Chinese or Taiwanese companies, and for climate change action by investing in EV industry technologies, in the same way. Overall cutting corporate taxes is not as big a priority for American business as government assistance and support to match the hidden subsidies Taiwan and China, South Korean governments give to their companies in Chips and EV's, other advanced technologies industries.

NYTimes.com Original article ›
LyrArc Article Gist
Yes millions of jobs created under Biden in 4 years- 19 million jobs. Yet the growth in jobs is uneven across counties and states in the US. A full 43 percent of counties have not fared as well with jobs not reaching 2019 prepandemic levels by the beginning of 2024. This includes Michigan with Wayne County having 2% less from 2019 levels. It includes Pennsylvania and the Pittsburgh area. It includes Wisconsin. Western and southern states did better with Arizona and Nevada going in opposite directions one gaining from investments in electric cars and green energy, and the other Nevada suffering from the hit taken by workers in hotels and hospitality.  NYT shows in graphical detail the situation today.

Washington Post Original article ›
LyrArc Article Gist
Graphs in this Washington Post report show the success or failure of vaccination drives around the world from the US and Canada to Europe, Brazil, Japan and Africa as of the first week of July 2021. Japan and Africa are far behind Europe and America. By July 4, 59% of Americans were fully vaccinated short of Biden's goal of 70%, according to CDC. Canada, Italy, Germany have passed the US. By making vaccinations mandatory France is working to catchup with Germany and Italy. Canada and UK lead in vaccination drives. 

WSJ Original article ›
LyrArc Article Gist
This Editorial by the Editorial Board of the WSJ says Obama, and Biden are covered by the same immunity that protects DJT under the Supreme COurt decision 6-3 that SC Justice Gorsuch called "a decision for the ages." It says DJT is understandably furious about the rabbit hole of the Steele dossier on collusion.  What started DJT comments on Obama was the publication by WSJ of a story on Mr. Epstein. All this plays into the partisan politics which is getting the nation nowhere when under Biden and now under DJT there is a singular focus in different ways and with different perceptions of need, to rebuild the Nation's industrial base and the living standards of the workers and people of America. Much of it frittered away under the negligent administrations of Republican and Democratic administrations of Obama and Bush with engagement in remote Afghanistan and Iraq foreign wars started under Reagan and the elder Bush during the Cold War, with its spinoff into migration issues that hurt social cohesion in the US and Europe. ...
The White House Original article ›
LyrArc Article Gist
"To Invest (at home), To Align (with allies), To Compete (with the world)" sums up the approach of president Biden with China. It also sums up the approach at home and overseas. Biden senior adviser, Jake Sullivan at Council of Foreign Relations sets out the framework and path for managing US-China relations into the future for many decades. Here at the Council of Foreign Relations he shows how- through careful study of the relationship's history, the changes in the relationship, and where it is today in 2024. Having participated in previous administrations Jake understood how it has evolved, where mistakes were made by both China and the US, where misperceptions took hold and need for clarification, for action. The old Strategic Dialogue followed by Paulsen under Bush 2000-2008 allowed the relationship to be guided by business interests, -without any clear strategy or idea where it was going except maximizing interests of business on both sides- was continued by Kerry under Obama 2008-2016. Sullivan, Blinken and Biden have built a Strategic Economic Cooperation Framework that has clear goals on the American side and goals on the Chinese side, and work between the two presidents and their cabinet ministers. Trump 2016-2020 rejected the earlier Strategic Dialogue but was not able to set up a sound framework that would guide future relations for decades. Sullivan helped set up a new framework around three principles- To Invest, To Align, and To Compete.   Here he describes how the plan to invest trillions in infrastructure in the US was part of this plan's principle To Invest. On Align it was to derisk not decouple by reducing the excessive concentration of supply chains in China, that was revealed as a problem in the pandemic years. Building up manufacturing at home and in India, Vietnam and Japan. Align also was to have allies Japan, South Korea and India to be aligned with the US policy. It also meant that all three countries would follow the same framework for their economies To Invest, To Align, To Compete.  By combining the strengths of the 2 largest economic centers Seoul/Tokyo with New Delhi/Sydney in Indo-Pacific the leveraging effect of US strength could be felt to support its position. And third to compete on level field so that America retained control of its technologies and implementing exports controls. And sharing this in  open communication with China that the US was protecting its technology and interests the way China has done in the past for its interests. The benefit of open communication even where there are differences had the advantage of not turning this into open rhetoric that damaged relations as had happened under previous administrations. Wang Yi on China's side having seen and approached it with careful study and reflection had similar goals to stabilize and put the relationship on a sound footing. Sullivan met extensively with Wang Yi in meetings in several locations around the world. Ministers Yellen, Raimondo, Blinken, Kerry, were sent to China for extensive discussions as part of this strategy in 2023 leading to remarkable change in the mood and confidence in US- China relations after tumult in 2016-2020 and uncertainty in previous administrations. Much credit goes to president Biden and Jake Sullivan, Anthony Blinken, and also to Wang Yi and Jinping in no way diminishing their own initiative, so that for the first time in decades the US China relationship is now on a stable footing. Both countries faced common challenges around counter narcotics, around climate change, and other issues. These are being addressed. Competition is managed carefully and no rhetoric is taking place so that the largest two economies and about 1.7 billion in US and China and 2 billion people who are allies in India/Indonesia/Vietnam/ Korea/Japan living on the same planet earth can have economic and other cooperation  with different cultures, economic structures and systems of government. The result of such a framework also gives the basis for cooperation with America's allies to invest in Africa and Latin America and in the people of these two continents as another level of alignment and investment for a safer better world. ...
WSJ Original article ›
France 24 Original article ›
NYTimes.com Original article ›

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