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See Suzlon and Mr. Tanti April 18, 2008, WSJ link

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A $6.5 billion acquisition, might fetch $8 billion recently reported. It has generated profits of $800 million to $1 billion and its safety technology gave Ford access to technology for its other cars to make them safer. Product development needs take top priiority and the $8 billion could help Ford in putting more into new models as its existing model lineup shows serious sales deterioration with results in July not looking good at all.

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Pfizer cancels inhaled insulin drug Exubera, taking a huge charge of $2.8 billion .

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Having won 17.2 million votes compared to Mr Rafsanjani's 10 million, Mr Ahmadinejad won by a landslide in Iran's recent elections.

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A coalition of liberal parties led by former interim prime minister Mahmoud Jibril is leading in the elections for the Libyan parliament.

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BYD is China's largest EV automaker. It boosted employment by 50% to 630,000 in 2023, with growth of 73%. This WSJ report shows how the Chinese government is now favoring EV automakers and the EV industry over Chinese internet companies such as Alibaba and Tencent that once played a large part in the economy.  $72 billion in tax breaks are provided by the government to EV automakers. Jobs have shrunk in internet companies during the pandemic with the Xi Jinping government moving away from housing and internet industries creating higher unemployment. Youth unemployment had reached 21%. The growth of BYD by 73% in the 8 months of 2023 shows how the EV industry will play a larger role in the economy, along with other new industries and technologies. It will also become an export leader with domestic innovation in technologies.

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Prices of natural gas in the US have risen 93% since August 2007 and as global demand continues prices are expected to fuel inflation in the US. Producer prices were up 1.1% in March according to Labor Department and natural gas prices contributed to this increase. Natural gas heats half of uS homes, supplies 20% of USA electricity and is used to make products from fertilizer to plastic bags. And demand from the US power sector is growing at 10% a year as natural gas is clean burning to produce electricity at power plants and preferrable to caol burning plants from environmental standpoint. With environmetal regulation and costs natural ga ma be preferred by plants for power generation. A revolution has ocurred in the way natural gas is cooled into liquid LNG and transported in LNG tankers so that places like Nigeria and Quatar can now ship to Japan and Europe. And LNG contracts are now written in less rigid terms so that supplies are not fixed over 10 year periods like before and can be diverted by suppliers to other markets where prices have risen so that when a nuclear power plant shuts down in Japan LNG supply can be diverted to Japan from other countries because of vastly higher prices in Japan. This also happens elsewhere last year a drought in Spain cut hydroelectric power and Spain turned to Algeria and Egypt which had already diverted supplies to Japan which paid prices twice as high as Spain, so Spain secured supplies from Trinidad a US supplier, which reduced supplies to the US by 31% over 2006. So this shifting global supply chain means shortages and prices in one place can reverberate all the way to the USA. Because of these and other reasons US prices are expected to go much higher by estimates from Barclays and Deutsche Bank....

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This report in The Guardian looks at vaccine misinformation in TikTok videos that are viewed by children. The spread of vaccine misinformation on social media aggravates vaccine hesitancy problem creating severe health risks for everyone during the pandemic. Vaccine drives have stalled in US and Europe causing grave concern about new waves of the pandemic.

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Daimler and China's BYD Company are setting up a 50-50 joint venture to develop an all electric car for China's market. The total investment is for $87 million and the venture name is Shenzen BYD Daimler New Technology Company.

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Macron says about the ban of under 15's by social  media platforms-  the emotions of children and teenagers should not be "for sale or manipulated by American platforms and Chinese algorithms." The bad effects  on all adolescents of social media, especially on girls is seen in mental health issues for teenagers and the lack of focus for education in schools. It is a big price to pay for all countries to ruin the prospects in life of a new generation of children who are growing up in ways that no previous generation of children in the history of humanity was exposed to. This is no time for dangerous experiments with our children. It is an interesting comment on today that it is lobbyists (and donations) for platforms that are the problem. And that these lobbyists are from what is called Far Right, Right,  Left, Far Left, it makes no difference they all get paid for work, which shows that such labels have little meaning today- looking for common sense and what is right for (children's) health and education is the best approach not falling in line with Far Right, Right,  Far Left, Left, or Moderate or some such label or a Culture War label that is essentially meaningless when it comes to common sense. Good common sense, that much is sufficient. Many other important issues we face require the same approach. ...

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BYD and Brilliance Auto display their cars on the main floor of the Detroit Auto Show. BYD plans to sell an electric crossover vehicle with a 250 mile range and a plug in hybrid vehicle by 2011. See the link to its electric car development ahead of rivals Toyota and GM. It introduced an electric car in China recently, and is the first to bring one out.