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DW.com on what international students from India or China pay at EU universities-  44000 euros in UK vs 4000 euros or less in Germany and France. For Chinese or Indian students Germany and France offer education for bachelor and masters degress that is attractively priced even at the higher prices being now set by the government. In the past Chinese students in France were able to get Masters degrees at very little cost. Germany is looking at the higher prices as a way to increase the salaries of teaching staff and professors whose salaries lag far behind the salaries in the US and other countries. For China and India no aid program is as vital for their economies and industrial development as the access the EU provides to its universities and educational system at a fraction of the real cost. Today German universities are attracting large numbers of Indian students from middle class families where the parents life goals are to get their children into European universities. American universities cost significantly more today as American bachelors and masters degree can cost upwards of 50,000 euros a year. Even local students in the US pay between $30,000 and $100,000 a year making bachelors and masters degrees no longer affordable for much of the American middle class and leaves working class parents children totally out of the universities system. One immigrant is from Cuba- Marco Rubio of Florida, now Foreign Minister of the US. He describes in his book - "Decades of Decadence How America's Spoiled Elites Blew Up Inheritance of Liberty, Security and Prosperity"- an average factory job in Florida in the seventies enabled his parents to send him to college, which he says is no longer possible for immigrants to the US today, and no longer possible for working class parents in general. For this reason Germany and France have to be commended for their generous policies towards Chinese and Indian students. Increases in the university prices in Germany and France to 4000 euros a year for international students makes a lot of sense when British universities charge about 44000 euros a year. ...

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A native of Cincinnati, Ted Turner, built one of the largest landholdings in the US. He bought 2 million acres which makes him 4th largest landholder in the US when he died this year in 2026 at the age of 87 years. One ranch alone cost him $100 million in New Mexico made up of 586,000 acres, which is now worth $500 million. Turner bought early when land prices were low in New Mexico and Montana. Much of this wilderness was turned into conservation areas. In this sense he will be remembered more for this public land and conservation than for a 24 hour news channel. Much of the audio and video media can be accessed over 24 hours anytime of one's choosing on the internet by 2026, which makes CNN redundant today. CNN and Fox News are more of a distraction today at best and a flawed presentation of the News because of their tendency to take advantage of the audiences and reinforce their bias for profit, CNN and Fox New on opposite sides. CNN has been acquired by Paramount CBS and is about to undergo major changes under the Ellison family. And the Murdoch family is split on how to run Fox News. Both television channels will likely dissipate in influence and viewers as Americans grow out of their biased and often incorrect interpretations of current news events. There is little they do that cannot be done by diligent effort to present the news in alternatives such as Lyrarc.com on the internet that present a range of views from major world newspapers and sites. And yet see America as a beacon of hope in the world and Europe as the place where the scientific and industrial revolutions that changed all our lives for the better started, giving the younger generation of Americans reason for hope in the future. ...

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David Sacks role in holding off AI regulation 2026- presidential executive order for AI regulation put on ice.

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Kevin Warsh was appointed by George W. Bush in 2006 as Fed governor. He was the youngest governor in Fed history at that time at age 35 years. His education is public schooling in California, a degree in public policy at Stanford and a law degree from Harvard. His term at the Fed was 2006 to 2011. During the financial crisis he gained experience, and after term at Fed was lecturer at Stanford Business School, and scholar at the Hoover Institution of Stanford University. Warsh was considered by DJT for the position of Fed chair but was considered to lack enough experience compared to Powell who was made Fed chairman. In 2026 Warsh 56 years old and with more experience was considered by DJT as the top choice when Hassett was retained at the National Economic Council NEC.

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West Bengal gets a new start after 50 years of mismanagement, corruption and breakdown of law and order, and economic failures, with a new BJP Modi led administration. The speed of the changes are simply astonishing as a state of close to 100 million people -where industrialization never took off as it has in other states, and rural poverty exists in ways thought to belong to the colonial days under the British- gets an administration at the federal level under Modi committed to industrialization, modernization of the economy, on the same rapid scale as that launched in the rest of eastern India. This is a territory half the size of the European Union, once called the Bengal Presidency under the British Empire, comprised of states of Bihar, Orissa, West Bengal, Assam, and Andhra Pradesh, a region where the Ganges and Brahmaputra rivers from the mighty Himalayas flow into the sea. It is a low moment for India similar to the period after the Proleterian Cultural Revolution of Mao in China by 1970 and the few remaining leaders under premier Chou-en-lai making a resolute effort under Deng Xiaoping to make a new effort to modernize and industrialize China working with the US and the European Union. That effort went through the initial phase to 1990 to familiarize Communist China with the US and European market systems, and a new phase to 2010 by which time most of these goals had been achieved. India is poised to make that scale of change today over the next two decades as it is already familiarized with the US and European market systems and its net step is in technological advancement and rapid industrialization at scale something that alone can meet the aspirations of the South Asian region. ...

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Powell to stay on at the Fed as Governor of the US Federal Reserve.

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UAE second Fujairah pipeline for completion by 2027 to double capacity from 1.6 million b/d to 3.2 million b/d. This pipeline was intended to bypass the shipping route with tankers through Straits Hormuz by taking it directly to the Gulf of Oman by pipeline. The Saudis have a similar pipeline at Yanbu to bypass the Straits Hormuz by taking it to the Red Sea.

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The Fed votes 9-3 to cut the benchmark federal funds rate by quarter percentage point to between 3.5 and 3.75% in December 2025. US president DJT is pushing the Fed to cut rates as tariff policies are being implemented to cushion the economy as it adjusts to tariffs.

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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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French colonial rule and suppression of independence protests at Setif, Algeria, 1945, which led to much of the Arab liberation writings that were to lead to 5 decades of wars in the region. Many of the coups in Iraq and Syria and in Egypt by military men were a result of this period of colonial rule in the Arab world in Iraq, Syria, and other Middle Eastern countries of the French and the British. The anti-colonial writings of this period had one bad aspect the fervor led to an uncritical acceptance of the idea that achieving political independence would be enough for better standards of living, education healthcare and infrastructure. Economic freedoms would require a very different approach from the political aspect. These wars destroyed much of the resources, wealth and human other potential in the Middle East leading to economic stagnation by 2026. Gulf kingdoms with small populations pursued grandiose schemes, with the rest of the Middle East stuck in poverty and lack of industrialization, lack of infrastructure development, sience and technological education, that happened in China and South Korea, and is happening now in India. Iraq and Syria, Lebanon are artificial states by the French and British colonial rulers out of the collapsed Arab part of the Ottoman Empire which with their mix of peoples from different Islamic sects are impossible to manage to this day, and the world (China, US, EU, India, Brazil, other nations) has other priorities of their own than getting sucked into these wars. ...

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BP has serious problems with its corporate culture, and with management board that has failed in finding a good CEO and a good chairman. BP chairman Manifold from a Irish Building Supplies company is removed for being too aggressive and "shouty," belittling colleagues. This is the thrid chairman in a short time and happens when a new CEO joined in April. The previous CEO was let go because of his green strategy and net zero goals that led to a decline in profits. The new CEO's job was to withdraw from the green strategy to tackle climate change and transition away from fossil fuels.

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Google former CEO Eric Schmidt at Arizona University commencement speech gets booed for statements on AI. The Google ex CEO says its your turn to shape AI but does not say that AI is shaped by a few individuals at corporations such as Microsoft and Google. Pew Research shows majority of students on campuses across the US have serious concerns and are not excited by the way AI has developed. This when Pew has not asked people to comment on how trillions of dollars needed for rebuilding of the dilapidated infrastructure and transportation of the US and for reindustrialization to create jobs after manufacturing was shipped to China by Elites, have through the capital markets been shifted into AI. Even when financial returns cannot come anywhere close to what these investments would do for the American people (and investors) if invested in reindustrialization+ infrastructure. The public knows better, no wonder Google founder Schmidt is booed.

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In a nutshell why the economy is lopsided benefitting some, ignoring many. Labour's (salaries of all working people including professional classes) share of gross domestic income is 50% in 2026 the lowest since 1947, and profits highest since 1950 at 12%. Then you have hourly wages up 3% since 2019, while profits are up 50%. Greg Ip of the WSJ says the causes are complex and implications sobering. He says you can be a red blooded capitalist and still worry- is something wrong or unsustainable? Political stability, good governance structures, good institutional structures that were set up since Lincoln (the beginnings for the Industrial Revolution), by TR and FDR/Frances Perkins (the basic institutional and good governance structures of modern America and now the industrialized world that allied labor and capital with fairness to all), the entire setup needs to be rebuilt and renewed. The problems are also appearing in Europe and causing dismay, with calls for rebuilding and renewal. ...

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The contrast between modernizing, developing East and South Asia ( from Mumbai to Shanghai) with war torn desolate West Asia (from Tehran and Baghdad to Kabul and Islamabad) is so striking today that it is something to reflect upon for wisdom and understanding. UAE support for Sudan's RSF Rapid Strike Force and Saudi support for the military - fracturing of Sudan, errors piled on errors led to the civil war in Sudan. A civil war in a country neighboring Saudi Arabia just across the Red Sea. Saudis and UAE were on opposite sides briefly after UAE pulled out of Sudan, UAE acting in this way to object against Saudis requesting US sanctions on UAE.  Once close partners have moved apart as they spread their influence in different conflicts in the Middle East.  This has not created a region that can grow economically without the disruptions of conflict in the way other parts of Asia have emerged to modernize the countries as in Taiwan, Korea, China and India. In neighboring Pakistan another conflict has emerged as partners split, with looming conflict between Afghanistan and Pakistan. Yemeni Houthis are in conflict with the US and affect the Persian Gulf shipping lanes.  Iran with it's pursuit of weapons programs and nuclear weapons is using capital that is badly needed to improve the economic situation on arms buildup for the regime and for allies in Lebanon and Yemen, leading to protests and crisis. In this way the Middle East has failed to use oil wealth to modernize the entire region. Much of it was wasted in Iraq and now in Iran by policies that led to war and regional conflicts not modernization and technological transformation that has happened in Asia. The US has inadvertently becoming a partner to this as when the Obama administration helped fund Iran's economic rebuilding which was instead used to fund the military, and before that the Reagan administration support for Iraqi socialist ideology regime. The challenge for China was how to modernize after the Japanese invasion and civil war. In Korea it was how to modernize after the civil war. In India it is how to modernize with a smaller neighboring country Pakistan promoting terrorism and wars now with China's support. In Asia all these challenges were and are being met to steadily and persistently modernize to European standards with a singleminded focus and determination to meet the aspirations of the people with the US business working alongside Taiwanese, Korean, Chinese, and Indian governments and private industry. In West Asia various ideological (Iraq), military (Pakistan), religious Shiite (Iran), religious + modernizing (Saudi +UAE) with erratic leaders and little representation of the people, has destroyed the tranquillity of the region and destroyed democratic forms of government, destroyed bottom up education and health of the population except for priviliged groups in countries in the region of West Asia. Involvement of US and Europe or Russia in West Asia has led to distintegration of Soviet Union (Boris Yeltsin) and deindustrialization of US and Europe (Reagan, Bush, Clinton, Bush, Obama administrations) with business shipping out manufacturing to China while wars engaged the attention of American and European elites in Iraq, Iran, Pakistan, Afghanistan. The entire west Asian scene for 1950-2030 has been a disaster, one massive disaster for all involved. The contrast with East Asia and South Asia reminds one of the words from Robert Frost of New England in Mowing- that reflects on the enduring value of honest labour. "My long scythe whispered to the ground. What was it it whispered? It was no dream of the gift of idle hours, or easy gold at the hand of fay or elf: anything less would have seemed too weak to the earnest love that laid the swale in rows. The fact is the sweetest dream that labour knows. My long scythe whispered and left the hay to make." ...

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Southern Indian state of Madras in 1952 and the administration of Rajagopalachari (Rajaji) in 1952 following elections. Madras state at the time consisted of most of what is now southern India, as the Madras Presidency of the British Empire. The first governor general of India Rajaji was brought in to run the state after the Nehru Congress party failed to win an outright majority and the Communist Party and opposition made major gains. Rajaji's administration led to the successful administration of Congress leader Kamaraj still known for its school lunch programs and advancement of education and healthcare in Tamilnadu. Today Tamilnadu faces anew challenge as the upset win by the TVK party under Vijay seeks to take the state in a new direction after mismanagement of the economy  and lack of state-federal coordination under the previous administration of the DMK party. The messy period in India from the 1950's is similar to the messy period in China in the 1950's to the 1970's with the upheavals under Mao. Still China found its way by 1990 as India does today with a commitment to rapid industrialization and modernization,  federal-state coordination on industrial and infrastructure projects at scale and speed. ...

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The Iranian protests on getting the country's resources to focus on the standards of living, the economy and improving economic conditions led to crisis. A whole range of issues that include the development of nuclear weapons that divide the region and the world, a sense of lost direction in whole parts of West Asia for peaceful cooperation and development.

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Hilsenrath describes how the Federal Reserve missed the signs of the mortgage financial crisis of 2008, the bubble economy, and how low interest rates and other actions of the Fed to rescue the economy led to a situation which hurt savers. The lack of a serious plan for homeowner rescue as part of the actions by the government further hurt the working and middle class. The rescue also lacked credibility because the banks ended up becoming bigger than they were, and no action was taken in the U.S. which had been pushed by the U.S. in similiar situations overseas- for example on South Korean banks for overborrowing during the 1997 Asian financial crisis.  At the 2014 Boston Fed sponsored conference on Inequality, Fed chairman Janet Yellen described what she called the largest inequality in the U.S. not seen since the 19th century. The average net worth of the lower half of the distribution, said Yellen, of 62 million households, was $11,000, and a quarter of them had zero net worth. These were the shocking statistics that propelled two unlikely outsiders forward- Donald Trump to the Republican nomination for president, and Bernie Sanders who coming close to getting the Democratic nomination settled for a big part of setting the Democratic agenda supported by nominee Clinton in 2016. ...

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Cornyn is a 5 term Republican senator from Texas who was once a rival of Mitch McConnell for Senate Majority Leader. He lost in the Texas Republican primary to challenger Ken Paxton, Attorney General of Texas. Paxton got the Texas Republican base to back him with CJT's endorsement. The result Paxton wins by 64% to 36% and heads into a fight for the Senate seat with Talarico of the Democrats. Texas voted for DJT by a margin of 14%. Democrats are targeting this Senate seat with huge fundraising. Ted Cruz defended his Senate seat against Rep. Allred with ad spending reaching $210 million in 2024. Talarico has raised $27 million in 3 months, Paxton $7 million. It shows that regardless of which party, both parties spend heavily and raise enormous sums making them beholden to special interests that make it difficult to change aspects of the system such as runaway pharmaceutical costs, cost of living, or to regulate banks, social media, cyber currency, and AI. The result is that Congress has less credibility and poor approval ratings with the public than ever. US Congress has disapproval rating of 90%, only 10% approve of its conduct and performance. Among Democrats 3%, Republicans 20%, and Independents 11%. ...

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David Reilly says the Fed's response to the large volatility in the stock market after the credit downgrade of the U.S. to AA+ makes sense. The Fed's Open Market Committee voted 7-3 on August 9, 2011, to keep interest rates exceptionally low till mid-2013. With credit markets working and the financial system having sufficient liquidity the Fed did not need to take drastic action. Coming only a short period after the end of QE II, a QE III could be seen as an over-reaction. Another reason for the Fed's action- more pressure was needed for the U.S. government and Congress to shoulder responsibility for the economy. In an earlier statement the Fed had pointed out that the Fed by itself can only do so much and this is consistent with that thinking. There are important headwinds from housing, large consumer debt, deficits, and high unemployment that the Fed alluded to in that statement that will take time to reverse with policy action on several fronts over a longer period. In the speech made on June 6, 2011, U.S. Federal Reserve chairman, Ben Bernanke, said "monetary policy cannot be a panacea."...

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British Foreign Secretary Dennis Healey on the British reaction to the US air strikes on Iran on Feb. 28, 2026.

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The CNBC video of Fed chair Jay Powell at his historic visit to Brookings to explain how he plans to tackle inflation for working families and at the same time feel his way through this so that the Fed does not raise rates more than is essential to tackle inflation, so as to bring back those who have left the labor market. The labor participation rate needs to be pushed back up to where it was before the pandemic, and is important for Powell.

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Issues of cost of living and higher taxes in states in the northeastern US and California vs the lower taxes and lower cost of living in the Southern States of the US. Whose side each of the two main parties are on in the US has switched in the period since Harry Truman and FDR in the 1940's. The Republicans represent small business and the less educated in society, the Democrats represent the more educated, affluent sections, and women, the black minority, with Hispanics divided between the two parties. Unions are now neutral and workers in factories lean more towards Republicans. On health care there is a failure for both parties. Both parties have failed miserably with all the lobbying creating obstacles-- to provide cost of living in healthcare. In comparing healthcare and the wealth of societies, it can now be noted that a well funded healthcare system with medicine within reach of the entire population of 1.4 billion people in a poor country like India does better than that of a rich society like the US with 350 million people. This makes a huge difference in the quality of life. Infrastructure investments in relatively far less affluent countries like China and now India make it possible to have better conditions of living relative to the US with infrastructure and transportation from the 19th century still awaiting rebuilding. ...