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Neil Irwin of NYT provides some counter intuitive ideas on U.S. Fed interest rate policy. He says it can't be take as a given that the Fed will raise rates in 2017-2018. This depends on how much punch there is in the Trump economic policies for stimulus, and for infrastructure spending, tax cuts. He cites Senate Majority Leader McConnell who said he would like to keep "tax reform revenue neutral." Getting large spending and pushing up the deficit is likely to run up against Republicans in Congress who have for 8 years opposed large spending increases and large deficits. Trump has given few details about his stimulus or infrastructure spending plans. He says the scale of the spending might not match the talk. Irwin cites JP Morgan Chase economists who have kept their forecasts for GDP growth just under 2% for 2017 and 2018. And he points out that even Trump appointees at the Fed might act independently. The Fed might look at being cautious considering that increased trade tensions with China, and the unpredictability of a Trump administration could hurt growth. Irwin does not mention the uncertainty in other areas such as policy towards Russia on which the Republican party and Congress have very different views than Trump, tensions over Taiwan, that can also affect growth. ...

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Ram Manohar Lohia, George Fernandes and Mulayam Singh Yadav are socialist leaders in the early years following independence who followed some of the same sentiments for renewal of India that are carrying India forward and have helped it cope with the pandemic and other problems. Yadav was chosen for Padma Vibhushan award this year. About Lohia it can be said that he provided a vigorous voice for democratic alternatives during the Nehru period, as did Acharya Kripalani. Both of whom have received less attention in independent India on the verge of its 75th anniversary in 2024 than they deserved.  They and in some ways Mulayam as a student of Lohia provided the voices needed for the vibrant Democracy that is India today, that is a partner for the democracies of the world from the US to Europe to Brazil and Mexico, to South Africa.

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For the country with the largest population in the world of over 1.2 billion people who had just gone through a once in a century pandemic would it have been right to import oil at prices that made it harder to invest what was needed in infrastructure and rapid growth? This is why president Biden and NSA adviser Jake Sullivan believe India has taken the right step to import at the lowest price possible to not divert funds that are so desperately needed for infrastructure to build the metros, fast railways, roads, bridges and airports the people of the country need. India's stand on invasions with millions of women and children turned into refugees is for an end to this war - Gandhi's position on a war such as this or Vivekananda's is not hard to read.

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Common sense comes to the German Border with Merz and the national emergency rule at the border, just as has happened under DJT at the US Border. May 8-25 turned back at Germany's borders with 9 European countries about 100 persons- success of national emergency rule at the German Border. This relieves not only pressure on public services in German towns and cities, it also removes a source of anxiety in the people who experienced political divisions and random attacks in public spaces from migrants. It also removes the threats of extreme factions in politics that have used the migrant crisis for exacerbating political divisions. Merkel's policy was not workable from the beginning and based on assumptions that were not correct as Germany and the EU could do more to improve the modernization and improving health and education, industry and agriculture inside Asia, North Africa to help the people in these regions than by taking in migrants. Who has ever suggested migration to Europe or the US  as a solution to the problems of China and India in the 1930's and 1940's, from wars and even famines. The right solutions of decolonization turning back invasions into the 1940's, and providing technology and capital for modernization after 1950 and accelerating this after 2000 have created two modernized nations of 2 billion people. ...

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After the Epping protests on asylum seekers at hotels- 32000 asylum seekers housed in 210 hotels in UK- disturbing public safety, the UK Home Secretary is  in no mood to let illegal migrants disrupt the entire Labour program for reviving Britain's economy. Denmark is the model where Mette Frederickson has bravely fought the battle against illegal migrants and trafficking by smugglers of people across the Mediterranean and across the English Channel. Labour MP's in the north and northeast of England understand this with the option from UK Reform to end this whole thing about illegal migration altogether. Labour has to do soul searching on why it has taken so long to figure this out and why the plan to house immigrants in hotels was put forward in the first place and tougher action taken by Denmark for the last 8 years not adopted earlier. It shows a complete disregard and disrespect for the British system of parliamentary democracy of the 500 years or going back to Magna Carta itself, when the people of Britain and their public safety, their freedom to live in dignity without illegal migrants in their neighborhoods across Britain, is not respected by local and thenational government. This is something that even the people of India, of China, and other Asian countries, African countries, and Latin American countries who understand the contributions of the British parliamentary system to their own governance can readily grasp and respect- the freedom and dignity of the British people in their own neighborhoods to live in complete public safety. ...

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People who are Mormon down to about 17.5 million - effects of social media and women questioning Church ideas and history. This leaves some women without the feeling of being part of a community.

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Boeing looks outside for a new CEO overlooking talent inside Boeing. The new CEO is Kelly Ortberg selected from Rockwell Collins Aerospace. Overlooked was the CEO of the Commercial Aircraft Unit Stephanie Pope who had support from the ranks in manufacturing within Boeing. Boeing management has shifted to managers who are at a distance from the workers on the factory floor under CEO Calhoun.

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The US midterm elections as seen from Europe. This headline in FR24 says Mr. Trump's grip over the party is waning. In Pennsylvania's crucial Senate seat Trump supported an affluent TV health show host Mr. Oz who failed to beat a small town mayor Mr. Fetterman who turned this into a scrappy contest in every county in Pennsylvania. Fetterman saying he would fight for workers and families every step of the way. In race after race for governors and for Congress many of the more Trump loyal candidates did not do as well against Democrats who had learned that they need to put up a determined and scrappy fight for the working class and families.

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Annalena Baerbock returns Benin Bronzes to Argentina is the lead story in Germany's national channel DW.com. She was speaking in Abuja- "We are here to right a wrong." Baerbock quoted a Nigerian author Chimamanda Adichie- "Art informs who we are. It shapes how we perceive ourselves and how we perceive the world. We have learned from you: what we are returning is a part of your history, a part of who you are." Annalena is the rarest- who could speak in Abuja, in Africa, or Asia, like that, in a way that touches the African, or Asian people, like that? The warm words and action touched many in Abuja and around the world. 

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The Economist's index on the value of the USA currency shows the euro is overvalued by 22% relative to the $US, and most currency analysts think that the euro is overvalued by 20-30% relative to the dollar. As the economy in the EU and in Britain in particular is doing poorly and may contract in the second quarter and at some point the European central bank may lower interest rates especially if crude oil prices continue to drop and inflation is under control. The Fed increasing rates and the ECB decreasing rates would help the dollar rebound.

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Cornavirus has hurt workers in the wage categories of less than $16 an hour to a much greater degree than workers who earn more than $16 or $28 as shown in this chart from the WSJ. Workers earning more than $28 are more likely to be working from home particularly workers offering professional services such as in software, legal, accounting. These are people who are well educated and well off, compared to people earning less than $16 an hour who are less educated and less well off. The worst hit are workers in restaurants, in the tourism industry, airline workers, who face uncertain prospects 6 months into the pandemic for the next 6 months. Government help to these workers is also uncertain and diminished because of budget constraints after the trillion dollars already injected into the economy in the U.S, and separately in Europe, and the significant help provided in other countries including India. This applies to the informal economy workers in India and Latin America who are the hardest hit outside U.S. and Europe, including street vendors. The informal economy is a large part of the economies of the countries in Asia and Latin America. China has reintroduced the informal economy in some cities as a way to take the pressure off the formal economy after the drop in demand for manufactured products from the U.S. and Europe. ...

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Rove cites Quinnipiac poll surveys showing Trump with the worst ratings of the 12 Democratic and Republican candidates- 35% favorable to 57% unfavorable. The breakdown shows 60% of independents disliking him, and 69% of voters 18-34 saying they dislike him. He says Trump stands little chance against a Democratic nominee for president. This is why a splintered vote in the Republican primaries is dangerous for Republicans says Rove, pointing to the need for Republicans to focus on a good alternative candidate, who has experience and ability to win votes across many demographic groups.

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Wind and solar tax credits to phase out end of 2027 instead of 2032 under Senate version of US Tax Cuts Bill. This gives less time for renewable projects in solar and wind to get these tax credits and places them in a difficult situation. Senator Tillis of North Carolina who voted against the bill plans not to run again. The 3B Tax Cuts Bill is being considered in Congress this weekend to be placed on president's desk before July 4th weekend. The generous subsidies of the Biden administration are being questioned by the new Energy Secretary Chris Wright.

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Christovao, the coach at Benefica who mentored Joao Cancelo, says he has worked with many players including Ruben Diaz but who impressed him most was Joao Cancelo. Cancelo has excelled in defense at Manchester City, and also played further up in the midfield. Here Christovao describes his experience coaching Cancelo to where he is with Kevin De Bruyne and Haaland ,a key player for Manchester City.

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Amy Coney Barrett, Supreme Court Justice from Notre Dame University has children in grade school. She is the only Supreme Court Justice not having graduated from Harvard or Yale which says a lot about the lack of different backgrounds in the Court. It is therefore refreshing to learn there is someone who understands what it is like to shop for groceries and pick up children at school, who understands the everyday problems of cost of living and childcare, and housing.

"The day that I think I am better than the next person in the grocery store checkout line is a bad day,” Amy Barrett said in a 2022 talk.