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Reidel argues in a new book on the Sino-Indian war of 1962 that Kennedy would have deepened relations with India following the 1962 war. Johnson continued Cold War policies from earlier administrations which sidelined the non aligned movement of Indian prime minister Nehru. However it is not clear how this would have happened. Kennedy, he says, saw China and India offering competing visions in Asia. Today India and Japan are coming closer and offering a different view of society and democracy than China.

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Theresa May, Britain's prime minister, makes a final plea to members of parliament to vote for her deal with the EU, saying the choice was between accepting her less than perfect deal or cut ties with Europe with no deal at all, which most people accept will inflict harm to the British economy. This happens as the 13th member of May's government, Mr. Gareth Johnson, quit opposing what he called an "half-in and half-out deal."

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U.S. housing firm Fannie Mae reported a loss of $6.5 billon for 1st quarter 2011. Home price declines pose an added risk for Fannie Mae and Freddie Mac as the firms have a large number of foreclosed homes. Fannie and Freddie had 218,000 homes at the end of March that have to be resold, a 33% increase from 2010. Fannie Mae has about $206 billion of delinquent loans on its books. Both firms are on government life support. Fannie said it would ask for $6.2 billion in new funds from the U.S. government.

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The more pro-European faction within prime minister Theresa May's Conservative Party is reluctant to push for a vote at this time to avoid what it sees as "political suicide"- a massively disruptive departure of Britain from the European Union without an agreement. This gives May another 2 weeks to come up with a solution. 

Most observers believe Theresa May is simply using a strategy of running down the clock to the March 29 deadline. By not extending the deadline she is seen as planning to hand out to the British Parliament two starkly different options- a massively disruptive no-deal Brexit causing Britain's departure from the European without any agreement and the option of accepting the agreement the prime minister has negotiated with the EU which protects Ireland and Northern Ireland peace and open border trade flows called the Irish backstop.

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The reference Bazooka man comes from Scholz's hard work putting together the 750 billion euro funding package to help German businesses and workers survive the coronavirus pandemic. At the time Scholz said-"This is the bazooka that's needed to get the job done. We are putting all our weapons on the table to show that we are strong enough to overcome any economic challenge that this problem might pose." Scholz gets high marks for his hard work during the Covid crisis as finance minister putting together the funding packages. This BBC report says Scholz chaired cabinet meetings when Merkl went into self-isolation as a precaution. BBC says it gave Scholz the platform he needed to go back to his roots as Mayor of Hamburg when he stood up for social cohesion and help for workers and families. Before he announced his SPD candidacy when asked if he would run he would say - "we need to work, not indulge in vanities." Scholz also played an important role in European solidarity. He was the lead architect with France of the European Union 750 billion euro recovery fund. This brings him strong praise from France, and also support from Italy, Spain, Portugal and other countries in the EU. French foreign minister Bruno Lemaire has praise not only for Olaf Scholz but also for his brother Jens Scholz, who airlifted 6 critically ill French patients to an hospital in Kiel. Says Lemaire "It really is a great German family." Scholz grew up in Hamburg, becoming a Socialist youth leader and studying labor law. He was Mayor of Hamburg from 2011 to 2018. In 1998 he entered the German parliament, the Bundestag.   ...

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Leonid Kravchuk is a Soviet era official who joined with Boris Yeltsin to support dissolution of the Soviet Union. He died at the age of 88 in May 2022. He is remembered for leading Ukraine to independence in 1991 with support of nationalists in western Ukraine and pro-Russian supporters in eastern Ukraine. Another reason he is remembered is for peaceful transition of power to his prime minister Mr. Kruchma in the 1994 election. He also dismantled Ukraine's large nuclear arsenal under pressure from Russia and the US. His failings were in letting corruption grow including the bankruptcy of the Black Sea Shipping Company, says DW.com. Ukraine had no experience in the democratic process. It has close ties with Poland which in the 17th and 18th century had some form of democratic process. Lviv is a short distance from Poland. Kravchuk was from a part of Ukraine that was once part of Poland. With a population of 52 million Ukraine is the second largest country in Europe. Its transition from the Soviet Union to a independent state was painful says DW.com with millions of people finding themselves living in poverty and the period being remembered as "kravchuchka." Since that period Ukraine has grown and was setting up new foundations for entry into the European Union.  ...

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In commenting on Rishi Sunak, a former hedge fund manager's sudden rise from anonymity three years ago when Boris Johnson became prime minister to leadership of the Tory party and prime minister, The Hindu cautions that it is of limited symbolic value, this kind of connection between India and the UK. The Tories are a house divided against itself, with many factions. Truss was brought down by Gove and others on the backbench who were not included in the government. Other Conservatives on the backbenches today, and Johnson, Jacob Rees Mogg, represent factions that are not represented in this government as was evident in questioning by Opposition leader Starmer in QA in the House of Commons. Other problems remain also evident in Starmer's questioning for Labour in parliament, including questioning about non domicile status in the family for tax purposes. Privileged Tories with connections to free markets such as Jacob Rees Mogg or Sunak without an awareness of the pain of ordinary working families, are not what a country with a cost of living crisis sees as leaders who can point to the way forward for Britain. As The Hindu points out he faces the same difficulty that Johnson with his style and personality was able to sidestep, that Truss naively tackled with quick unraveling of tax cuts for the upper incomes, and which Sunak with his experience with financial hedge funds may appear to have grasped but find escaping his grasp. This is the difficulty of matching traditional Tory policy of tax cuts and austerity, at a time when all major countries of Europe and the US are providing significant cost of living assistance to working families. Even small bits of austerity policy, or lack of conviction to help working families may now be seen by the Opposition, Labour, and even within some part of the Tory party and the vast majority of working families as oppressive.  Starmer is keen to remind working people of where Sunak stands as he did with the question in parliament Q&A about the comments made by Sunak at a small gathering that he had transferred money from poor districts to more affluent Tory districts. Would Sunak correct these erroneous funding formulas, Starmer asked. The Hindu also mentions Suella Braverman's appointment as Home Secretary only weeks after her resignation. It was poor judgement shown by Johnson in an appointment that cost him Tory support a few weeks before his resignation. Starmer brought this up from the beginning of parliament Q&A- asking whether a deal was made for her appointment to get far right wing Tory support from Braverman's faction in the party. For India and the Indian people there are so many genuine connections with Britain and the British people, some set when Mohandas Gandhi won the hearts of English working families during his visit for negotiations with the British that are are a better basis  and that will be remembered forever in the hearts and minds of the British people. ...

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China's farms are becoming larger as more farmers rent out their land and live on the resulting income. This shift is leading to the development of larger firms that use modern equipment requiring less labor. Typical is a farmer who decided to live in retirement after renting out his land for about $500, income on which he lives comfortably in a well manicured courtyard home in the village.  These farmers do not want to join their children who now live in the cities. As one farmer says "fallen leaves go back to their roots."  China's agriculture is not dominated by large commercial farms as it is in the U.S. This process is now beginning in China as more farmers prefer to rent out their land and live off the resulting income, resulting in larger farms and automated operations as in the U.S.  and Europe. Farmers now feel more confident about land rights to rent out their land. China first went through the communes under Mao, followed by return of land in small plots to farmers in the 90's. The changes today start a new phase which will change the look of Chinese agriculture. ...

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If the Federal Aviation Administration's own reviews were followed diligently by regulators the Boeing 737 Max would have become subject to new design changes much earlier. It was seen as an accident prone design in a November 2018 FAA analysis.

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DW.com reports there is a state of uncertainty about Brexit, when it will happen, whether it will even be stalled till the next British elections in 2020. According to British newspapers the British prime minister Theresa May could wait until October 2017 before requesting exit from the European Union. There is a chaotic situation in the British government on Brexit, according to the Sunday Times. First it appeared that it would be the end of 2016 before Britian invoked Article 50 of the Lisbon Treaty, initiating Britain's exit from the EU. Now it looks like the decision is put off indefinitely. The latest economic numbers from the Bank of England do not offer encouragement, showing a loss of 1% of Britain's GDP each year for the next 3 years, even after the stimulus action by the central bank. British people might just have time to reflect on this by October 2017 after elections in Germany and France, the next date that is cited for invoking Article 50 to start Brexit. German EU lawkmaker Elmar Brok has doubts. He says Britain is'nt legally bound to take action on the Brexit vote. Theresa May, the British prime minister, is committed to the union with Scotland and Northern Ireland, and it means a lot to her. Invoking Article 50 would mean Scotland's SNP would move forward with a second independence referendum. In Northern Ireland there is a first lawsuit against Brexit.  ...

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In a meeting charged with emotion Theresa May says she will not run again as a way to get support from a pro-Brexit MP's faction in her party that includes Boris Johnson and Jacob Rees Moog. Some members of this faction support exiting the EU even if it means no-deal is reached on future relations between the EU and Britain including agreement on membership in the customs union.

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Theresa May faces a no confidence vote from within her own Conservative Party. The head of the 1922 committee of Conservative party members of parliament said he had letters of protest from 48 MP's opposing May's Brexit deal, the number needed to call for a vote whether she should remain in office. May needs 158 votes to win. If she does not gain this number of votes a new Conservative leader will be elected prime minister. May's Brexit deal negotiated with the EU does not have the support of enough members of parliament for a vote.

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British prime minister May puts her leadership on the line as she puts forward a Brexit deal to a divided cabinet. The deal keeps Britain in the customs union of the European Union and continues Britain's connections with the EU in other areas. It is opposed by some members of her cabinet. Transport minister Jo Johnson resigned calling for a second referendum. Pro Brexiters oppose the deal as it continues Britain's membership in the customs union.

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As the US central bank, the Federal Reserve, pushes up interest rates in a period of high inflation its goal is to raise rates to "neutral" a rate which neither spurs growth or slows it, says this report in the WSJ. Only problem is that no one really knows what that interest rate is. The Fed is expected to raise interest rates by half a percentage point at its meeting in May. And raise interest rates by another half point in June. Fed chairman Jerome Powell says of the policy "we are going to be raising rates and getting expeditiously to levels that are more neutral."

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A quick look at how countries are doing on October 29 as the second wave begins with 14 day trend, daily cases of coronavirus, and the cases per 100,000 population. The trend is worsening in Europe and in the U.S., Latin America, stable or better in India and in other parts of Asia.

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Daniel Finkelstein of The Times of London says in this essay that DJT's world view is essentially the worldview that the US has held for much of the 20th century. He cautions Starmer and his Foreign Secretary David Lammy- the better to understand where this worldview comes from than to look ridiculous simply praising this worldview in 2025.  On McKinley as president DJT is more well read than others. Two Roosevelts backed the buildup of the US Navy, TR Teddy Roosevelt and his nephew Franklin Roosevelt as Secretary of the Navy. The US Navy emerges for America's role in the Pacific from this time at the turn of the century. Francis Perkins in her book  "The Roosevelt I Knew" describes Roosevelt's advice to Perkins in 1934 about the League of Nations and how Woodrow Wilson's failure to get Congress to understand it on Senators own terms led to the US not becoming part of the League of Nations. The US was not automatically inclined to accept the world role or its role in Europe. Roosevelt tells Frances Perkins  who was closest to him in his presidency- on International Labor Organization membership FDR told Perkins he must get the Senate Foreign Relations Committee members on board. "Remember how Wilson lost the League of Nations, lost the opportunity for the United States to take part in the most important international undertaking ever conceived. He lost it by not getting Congress to participate. They have a sense of responsibility and can't have sincere convictions unless they are given a chance."   ...

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Even today mask use can vary widely in the U.S. as seen in this map from the NYT. After repeated surge across the U.S. from the northeast to the south and west mask use has increased in the U.S. Texas has made it mandatory and president Trump wore a mask at Walter Reed Army hospital. Ypu.gov and other surveys show mask use as high as 80%, not universal as health agencies want to see, higher than Canada, Finland or Denmark.

Other factors such as gatherings at beaches, restaurant and bars, and earlier sport stadiums gatherings are additional factors for a surge. Young people's cooperation has lagged behind accounting for about 50% of cases in some southern states recently being among young people.

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British Prime Minister Theresa May survives a vote of no confidence in parliament brought by the opposition Labour Party. The votes were 325 to 306 to reject the no confidence motion.Labour Party leader Jeremy Corbyn called the May administration "a zombie government." A defeat would have led to a new general election. Labour Party does not rule out calling several more no-confidence votes. 

 

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Freddie Mac is able to sell its notes at yields that are not a significant widening from Treasury yields. Thus averting a possible crisis in the financial markets, one that prompted Treasury's plan over the previous weekend to signal its willingness to increased its lending limits to Freddie Mac and Fannie Mae and to be ready to take equity stakes in the 2 companies if necessary and obtain the congressional approval.