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Eleanor Morgan describes her work giving vaccination jabs at a mass vaccination centre in North London. She had experience as an assistant psychologist and signed up for training to join the historic vaccination drive of the NHS in Britain.

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Kevin Warsh is a former governor of the Federal Reserve 2006-2011, becoming governor at age 35. He is a partner at the family office of investor Stanley Druckenmiller. Scott Bessent also had connections with the office of Druckenmiller. He is also a lecturer at Stanford Business School and a scholar at the Hoover Institution. He is married to Estee Lauder heiress Jane Lauder, and has spent the years since 2011 at the Stanford School.  Current Fed chairman was appointed by DJT in 2017 and retires in May 2026. If Powell continues as a Fed governor Warsh would take the seat vacated by Stephen Miran when he retires as Fed governor this week. Meantime the Fed under Powell faces an investigation by the Justice Department regarding renovation of its buildings and Senator Thomas Tillis on the Banking Committee says he will not support Warsh until that issue is resolved in favor of Fed retaining its independence. What is unique about Warsh and his selection by DJT? He is a Republican of long standing and his current views are that interest rates can be lower if the Fed reduces its holdings of Treasury securities and mortgage securities it holds. DJT's frustration is that Powell raised interest rates to fight inflation and after DJT became president was slow in cutting rates to boost the economy. DJT's resort to tariffs as a tool in world trade to ensure a level playing field with China when all other tools had failed means more uncertainty in the economy and DJT wanted the Fed to support his policies by lowering rates. ...

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Michael Cavanaugh, a former CFO of JP Morgan Chase, who was moved to the treasury and securities unit in 2010, will now head the Chief Investment Office (CIO) unit to replace Ms. Drew. He is a trusted aide to CEO Jamie Dimon, having moved with him when Dimon was fired by Sanford Weil at Citigroup in 1998.

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In the sale of Bear Stearns to JP Morgan Chase the Fed is providing upto $30 billion in financing for Bear Stearns mortgage securities assets which its unlikely will find buyers, and if those assets decline in value its the Fed that will bear the loss not JP Morgan. Its truly a fire sale of Bear Stearns for $256 million and the Fed providing the guarantees for any future declines in value or losses from Bear Stearns. Bear Stearns options were this or going into bankruptcy.

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A behind the scenes account of what happened at JP Morgan Chase after CEO Jamie Dimon discovered the trading losses of the London Whale through the pages of the Wall Street Journal, on April 6, 2012.

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J.P. Morgan Chase CEO, Jamie Dimon, and his relationship with the Democratic Party and President Obama. Dimon was a strong backer of Obama during the early part of his first term, which affected how the president viewed regulation of the banking industry. Dimon strongly opposes the Volcker Rule and other regulatory changes for "too big to fail," designed to make the financial system safer after the global financial crisis of 2008.

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In a visit to Washington DC Mr. Trump talks about an all tariff revenue system that would replace the income tax. He says he would take the corporate tax down from 21% to 20%. He meets with the CEO's in the Business Round Table including Dimon of JP Morgan Chase and of Bank of America.

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It might not all make sense that the Pakistan/China mediated ceasefire conditions (including US and Israeli condition of no nuclear weapons development and ballistic missile development) are really not known even in the media today, only known to the Iranian government and the US government. In these conditions Iran's government gets to show that it had achieved its goals, even with enormous reconstruction costs of the damage done during the war. DJT had pointed to a sort of regime change in Iran after most of the earlier leadership has been removed, and new leaders in place who are keen on setting up conditions for their own administration replacing the old one.  Over the period 2027-2030 the prospect is real that China, India and Japan may shift their oil supplies sources to other regions, increase conservation per unit of GDP, and increase supplies of renewable energy, steps already taken by Germany over the last decade. Most media looks only what happens today and in 2026. This may be the last of the Middle East Wars before Europe and the US, and India, China, Japan shift away from the Middle East to get supplies of fossil fuels, and it may bring new renewables technologies that reduce the dependence on fossil fuels to the point of making a true transition to renewable energy. It may also be the last of the Middle East Wars in the sense that people of European nations and the US insist on no involvement in MIddle East as a sort of quagmire for squandering American, European and Asian vital resources of people and capital, ample example being given over the last 40 years. Considering the costs of the war and the moral cost of destroying infrastructure such as power plants that hurt the local population more than the regime in power, China, Japan, the US, and EU, India may find it is easier to race each other in coming up with alternative supplies and shifting to renewable energy faster than planned, making Middle Eastern oil supplies  and volatility in prices redundant, which would be a good thing after the hugely negative and costly experience of the last 50 years of dependence.     ...

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A year after its fire-sale to JP Morgan Chase, Bear Stearns the company, and the name and the culture, disappears completely from sight. Of 14,000 employees only 5000 remain, and they are part of the 225,000 employees at JP Morgan Chase. And yet Bear Stearns fate is better than another name and culture that disappeared, that of Lehman Brothers. Capitalism's many faces, this one is still staring down at firms in bankruptcy and firms in liquidation, companies as large as GM and Chrysler that face bankruptcy in coming months.

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Potential Treasury nominee Kevin Warsh is given the possible role at Treasury plus appointment as Fed chairman after 2026 when Jerome Powell retires. At 35 years Kevin Warsh was the youngest governor of the Federal Reserve, America's central bank, appointed in 2006 by George Bush. At the time his appointment was criticized for lack of experience- Warsh comes from upstate New York and went to school at Shaker School in Latham, then Stanford, in economics and a JD at Harvard, followed by 7 years at Morgan Stanley. He was executive secretary of the National Economic Council in 2002. During the bank financial crisis of 2009 the lack of macro regulation led to failure of investment banks. Warsh was able top save Morgan Stanley and he acted as an avenue of information from banks to the Fed.

Warsh left the Fed in 2011 and returned to public service in 2016 when Trump made his first run for president as an adviser to DJT. 

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JP Morgan Chase and pre-crash investment vehicle Sigma. Chase invested $500 million from pension funds and other investors in this vehicle. Most of this money was lost in the 2008 financial crisis. According to new documents in a class-action lawsuit JP Morgan Chase collected $1.9 billion when Sigma collapsed.

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A journalist from the German newspaper, Die Zeit, describes his frustration with Gunter Grass and the moral superiority displayed by some early postwar German writers.

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Simon Tisdall of the Observer in London, England, had this to say about Kamala Harris and her taking up the 2024 campaign after the withdrawal by president Biden. He call it a frsh choice in terms of personality, energy, policy, tone, trustworthiness and moral integrity. A generational leap says Tisdall, and the possibilities of a new morning, a new dawn in 2025.

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Nobuyuki Hirano, a banker with international experience and a former director at Morgan Stanley, becomes the new president of Japan's largest bank. Hirano has 13 years overseas experience and this is expected to be an asset as Mitsubishi UFJ increases its global business. The European debt crisis has opened up opportunites for asset sales to Japanese companies.