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China's 15th Five Year Plan with shift to robotics, semiconductors, EV's, renewable energy, and lower investment in education, healthcare- the shift to a slowing economy, job losses. GDP per capita one third of the US much lower than most of southern Europe or Eastern Europe. China is still a middle income country. Unlike Japan which surpassed most of EU countries  GDP per capita, China with 1.4 billion people is a vast country. The shift in the emphasis in the 5 year Plan means economic growth  of 10-12% is now only 5%. With the collapse in housing construction and slowing manufacturing facing tariffs in the US means job losses.

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When Amory Houghton was CEO in 1964 of Corning Glass, the company made the glass used to encase TV tubes. The company lost this market to cheaper Japanese imports. It was the shift to tiny strands of glass that replaced copper wire as away to transmit voice and data, that saved Corning.  He had to cut employees by one thirds in the beginning but soon was back to a new business. As Houghton says it was back on his own turf, with its own patents and scientific expertise.   After running the company till 1983 he considered becoming a missionary in Zimbabwe in the Episcopal Church, but decided instead to run for Congress as Amo his nickname, for the southern part of New York state. The company that made lightbulbs for Thomas Edison in the 19th century, shifted first to glass to encase TV tubes, and then in another change turned to fibre optics in the 20th and early 21st century. A change made possible when company management looked different than it is today, with humbler people and CEO's closer to the rank and file than today. ...

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New Zealand prime minister Jacinda Arden came to know she was pregnant only a few weeks before she became prime minister. She was chosen as the new leader of the Labor party in this country of five million people only five weeks before becoming prime minister at the age of 37. 
 

Most people in New Zealand think it will not affect her performing her duties as prime minister. She will be the first western leader in modern times to have a baby while serving as prime minister.

Her duties are being performed during her leave of absence by her deputy, Winston Peters, who conducts cabinet meetings and is the acting prime minister. Arden is informed about key issues and cabinet meeting discussion during her absence.

 

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600,000 knee replacement surgeries a year in the US and 30 million suffering from osteoarthritis. The Wash. Post looks at new options which include use of coral that can repair the cartilage in a knee. The coral is part of Agili-C approved by US FDA and developed by CartiHeal. It is made from a calcium carbonate that is derived from exoskeletons of coral that act as a scaffold in the body to help regenerate bone and tissue, says the Washington Post in this article.

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Some emerging market bonds made money on the bonds of Buenos Aires, Argentina.