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Original article ›
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France's 2750 kms of TGV track and 300 TGV trains making 1.8 billion euros profit a month. Double decker trains such as on the Marseille to Paris 750 kms route are popular. These trains are very quiet and efficient. Doubledecker trains are also popular. Bordeaux, Lyon, Lille, Strasbourg can be reached, and Geneva, Brussels, London, Zurich. It is the best high speed network in comfort and efficiency, food, in the world, with large group of international travelers. France did this after the 1973 oil crisis.LGV-Sud-Est was completed in two phases in 1981 and 1983. By contrast Britain faile to build ahigh speed rail line and work has dragged on for years. Germany has a similar but smaller network. China's only started in 2008 built over 17 years to 2025. India's is starting now with the latest Japanese technologies and should be connected major Indian cities by 2030, with the first line Ahmedabad to Mumbai complete in 2027.

The Hindu Original article ›
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PM Modi's mention of this key incident to the Indonesian Parliament in July 2026. Biju Patnaik's secret flight to Jakarta then under Dutch recolonization in 1947, with Sukarno and Hatta under house arrest, to get Sukarno and Hatta out of Indonesia to New Delhi for India to give formal recognition to Indonesia.

The Hindu Original article ›
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A profile of the Education Minister who resigned Dharmendra Pradhan of Orissa whose father was member of parliament from Deogar. His father was a RSS functionary and was Union Minister for Surface Transport 1998-2001 in the first BJP Atal Bihari Vajpayee government. Like others Dharmendra Pradhan started his career in the student wing and youth wing of the BJP. He has a degree in Anthropology from Utkal University in Bhubaneshwar. He followed his father to represent Deogar in parliament. By 2024 he became national general secretary of the BJP.  In 2014 Pradhan was made the Minister for Petroleum and Natural Gas. Ujjwala Yojana for free cooking gas was launched under Pradhan. Pradhan may have been so involved in state politics and distracted, and in addition his background was not strong enough to tackle the growing challenges in India's education system. This can be used as an opportunity for India to get new capable people at the ministry and in the civil service at the top of the Education Department, and PM Modi's personal attention to this important Ministry and goals set for India's education to match its advances in science, technology, and infrastructure. Exam leaks are only a small part of the problem- they have been the source of protests for 50 years and that nothing was done to clean this up is both an opportunity missed, and one that can be taken up immediately. ...
AgBio World Original article ›
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On the 30th anniversary of this Interview with Norman Borlaug, of Iowa, Minnesota and Texas, with Mary Gray Davidson for Common Ground, a point of reflection of where we were including China and India, Africa, where we are now in 2026, and where we are headed if we have the right bearings. What has been accomplished under Deng and successors to Xi Jinping, under Nehru and successors to Modi, and in different parts of Africa, the path ahead, and the challenges in the deindustrialization of the US and Europe that is being reversed day by day. Borlaug never lost his faith in education. "Some of the greatest satisfactions I've had is to see little boys-and girls too, for that matter-that have dropped out of school in the third grade. They've got bright, shiny eyes. You give them a job scaring the birds out of your plots. And together with your colleagues you say, "Let's put a little few pennies together and get that little person in school and get them back." And they go through primary school. And then get them into high school You may have to move them to another village because there's no school like that. And I've seen some of them become Ph.D.s; some of the best scientists. And Master Technicians. They're tremendous. There's lots of unpolished stones out there that never got a chance. And a little stimulation. You have to identify them. You can't do that all at the same, we don't have enough pennies to start them all up. But if that happens to some of these, other kids start saying, "Look what happened to that person." That's all part of the game. You've got to reach for the star. You'll never get the star, or never reach it, but if you stretch yourself enough, I always tell the students, you'll get some stardust on your hands. And if that happens you'll be surprised what happens in your ability to do something for yourself, your family, the community, the state, the nation, and the world." ...
BBC News Original article ›
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UK Reform Party has taken large donations from cryptocurrency companies. Reform leader Nigel Farage has received a 5 million pound gift from a cryptocurrency firm. What does this mean for cryptocurrency regulation in the UK as a world financial center, if Reform wins a general election and appoints the next Governor of the Bank of England when Andrew Bailey retires in 2028. This is discussed in The Guardian. The banking system of the US, UK and large countries was set up over many years and currency is only issued by a central bank with the financial backing of the nation. Cryptocurrency cannot on the basis of technology take that role without posing risks and destabilizing the financial system. The gradual splitting of society by the information economy, neglect of infrastructure, pharmaceutical pricing, banking speculation as in 2009 crisis, have been eroding some of the basic structures of democracy for the last two decades from within.  The wars in the Middle East policies, and the open borders migration policies, were effects from outside. What this has led to is counter to what one would expect. To fight open borders and the marginalization of some parts of the working class DJT Republicans have used whatever resources were available at the time in the 2024 presidential election. The cryptocurrency firms used this in opportunistic fashion to affect regulation of this currency by supporting the reelection bid of DJT in 2024 by making large donations. This has led to less regulation of cryptocurrency firms. Is this in the best interests of the Nation? Will this destabilize the banking system in ways that have happened before in the deregulation of banks before the 2009 financial crisis? In Britain a new Bank of England governor will be appointed after Andrew Bailey's term expires in 2028. Reform party in UK if elected as government would appoint the next Governor of the Bank of England. Reform's growing popularity is a result of Conservatives and Labour failing to take action on open borders, asylum hotels, and migration policy, following an ECHR code of rights that is inappropriate to such migration. What this means is that unexpected things happen as a result. Cyrptocurrency risks of destabilizing the banking system increase as a result of failure of parties on migration. This could be more destabilizing for Britain because of its role as a financial centre than the industrialized  economies such as Germany, China, and industrializing economies such as India. It poses risks in the US yet Federal Reserve Governor Walsh can exercise his own judgement about cryptocurrency and Congress can exercise oversight, the large banks can act to show the risks of destabilizing that cryptocurrency can pose. For Britain it is particularly dangerous as the US is also an industrialized power compared to Britain's focus on finance alone. Andrew Bailey can ignore lobbying by Reform Party in 2026 (Farage met with the Governor of the Bank of England), yet what happens if Reform appoints the next Governor in 2028? These are questions Britain needs to ponder. It is also why Andy Burnham is Britain's last chance to get things right on migration to the point that the British people feel good and proud of their heritage and history, British neighborhoods across the country feel safe and secure, and Britain shifts to reindustrialize its economy with partners in China and India, the European Union, and the US. A former Deputy Governor of the Bank of England, Sir Charlie Bean told the BBC about donations of Christopher Harbonne, who has a 13% ownership interest in cryptocurrency firm,Tether. "Stablecoins are only stable if they have the appropriate regulatory environment… But there is right now an unsurprising regulatory race to the bottom amid the potential for greater profits." He added: "When funds are coming from major shareholders of such large financial institutions, there is a clear potential conflict of interest here, for example, in the appointment of a new Bank of England governor. Transparency is one solution." ...
Original article ›
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Bev Craig, leader of Manchester City Council,  running to succeed Andy Burnham as mayor of Manchester region of two million people.  She also held the post of Economy, Business and Inclusive Growth leader for Greater Manchester Authority, and was the person who assisted Burnham in his work. Election is next Thursday July 30, 2026. Craig says the Reform UK and Greens vote has peaked. She says she has been compared to Burnham which is not a fair comparison given that this will be her first day in office and his last when she is elected, advice she got from Richard Leese, her predecessor in Manchester at the job for 25 years.  Bev Craig supports a 2% levy on assets over 10 million pounds and modified capital gains tax. Along with other mayors Bev supports investing in a revised version of HS2 train line connecting Manchester with Birmingham. This would boost growth in the region in Britain's largest northern cities outside London in the southeast. The Conservative government made a mistake in cancelling the project. This is similar to the delays on the bullet train project between Mumbai and Ahmedabad which accelerated after Modi's efforts in recent years and is now almost complete. Once this first leg is built India can look forward to bullet trains connecting all major cities, such is the potential of such investments, propelling India into a different level similar to work done in high speed rail in China. It is the lack of Tories to dream big for Britain and do this on a model of established practice Modi's in Gujarat, Burnham's in Manchester, that is the great big hope for Britain. This calls for relentless effort, hard work night and day, overcoming every obstacle on the way, and continuously keeping the goal upfront of reindustrialization of Britain. India can learn a lot from the Industrial Revolution and science and technology advances Britain created, and Britain can learn from the efforts underway in India in 2026 for Vikshit Bharat by 2047. ...
The Wall Street Journal Original article ›
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China's industrialization, urbanization, and modernization was not achieved without the same struggles since 1990. Because years of colonization and wars, conflicts, China and India had fallen so far behind that even when industrialization, urbanization and modernization took place there was always the fear that it could be derailed by protests over the very same thing that the industrialization and modernization was doing to get- good jobs. Populations are so large that tens of millions, or hundreds of millions are involved. China carefully monitored the protests and sought to defuse this in the interests of the 1.4 billion people of China. Yet China was industrializing in the second effort- the first effort being suppressed by the Imperial Japanese Army in the 1930's. China was industrializing with much support from the US by the 1990's, upto the point that the Clinton and Obama administration let America's supply chain be shipped to China to let China advance after centuries of suffering and backwardness. Coming back to India- India is facing the same situation with some special characteristics. What are these special characteristics? The social media and mobile phones were not an ubiquitous presence in the  hundreds of millions including you tube (Google) video, and Instagram (Meta) photos during China's industrialization period 1990-2020. Even then China faced some risky periods when it monitored the situation so that industrialization would not be derailed. It is thought that somehow an elected government in China would then after protests push forward the industrialization. But this is a risky proposition most likely it would have failed first by a break up of the unity of China, second by the lack of a concerted disciplined strong effort to industrialize, modernize. Third corruption could diminish the funds and investment without a strong centralized government. If China's industrialization had collapsed as a result after protests,  media in US and Europe, the political and educated class of the US and Europe would simply shrug it off as China's fault and the Asian societies as a riddle wrapped in an enigma unable to progress. This is true of India also and one can see it happening, including participation by the same media in making that happen. Without the vigilance of China's government in 1990-2020 and today for Vikshit Bharat 2047 by India's government industrialization and modernization would never happen. This is because no democratic government could establish as strong a government needed to push through industrialization and modernization of thousand years old countries stuck in feudalism and colonization poverty, and incapable of achieving a continuous undistracted determined effort over 25-30 years. Only Britain with its Empire's resources was able to do this, and the US with its vast natural resources because of a long tradition of the Anglo-Saxon peoples in democratic forms of government. Under democratic forms of government if that route was adopted China's industrialization and modernization would have failed and ended up with a divided China and a weak China with slow, erratic economic progress. What about India? India has some chance because unlike China India had a 25 year period to prepare for democratic forms of government through elected state assemblies from 1920's to 1950. China had none, worse regional warlords and Japanese invasion in 1920-1950. What this means is that for India to succeed to create Vikshit Bharat, a modernized economy, a miracle is needed for a strong centralized party government to appeal to the people and win state elections, national elections on a nationalist call. And at the same time after winning such state elections to know that hundreds of years of self neglect, internal conflict and colonization was hard to reverse even through determined effort- gaps between jobs needed and jobs existing would exist for population of 1.4 billion in the tens of millions. The central government had to have its ears close to the ground and explain what it was doing, where it had fallen short and with humility and reflection correct course where needed. This is what the Modi government has done by having the Minnister of education resign, and taking corrective actions on the genuine concerns of protestors. And yet Explain to the Indian people that only rapid industrialization could create the jobs needed, the protestors genuine concerns could be met but nothing would be achieved if the industrialization process at the heart of things was allowed to be derailed. That would mean a disaster for India- and the Indian people could not risk the possibility of this happening after centuries of colonization and thousand years of neglect, feudal patterns, and divisions in society. Would US and Europe even understand this, would they even care? This is reflected in the coverage of the protests over education and jobs in DW.com, the Times of London, the WSJ, the NYT, and generally in the media. Would the jobs increase somehow after the protests- this entirely depends on rapid industrialization, large investments, strategic investments, and smart access to capital and technologies from US and Europe. The Modi government has given its all- clean governance,  determined effort, massive investments, ten year plan and master plan, rapid implementation. There will still be a lack of jobs but this is the best hope for India, as it was for China. Like China, India if it perseveres can only repeat the process that has happened in Japan and China since the 1950's - rapid progress to modernization and industrialization for Vikshit Bharat 2047. The Modi government has one by one tackled, the challenge of Clean Governance, Pandemic, DJT Tariffs, the Hormuz crisis, in the last decade in an unflinching effort to stay focused on creating an industrialized modern Indian economy with higher standards of living, jobs, the best infrastructure, best health care, and jobs for the millions turned out by schools and colleges. Hundreds of millions of people are being pulled out of poverty and the middle class is growing. Just when the pace of industrialization is accelerating to achieve the aspirations of the Indian people, in some places it may fall short, the growing pains of a massive effort, efforts are being made to fix shortcomings, yet the focus is unrelenting on Vikshit Bharat 2047 in stages to 2030, 2040, 2047.   ...
The Wall Street Journal Original article ›
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Vice President Vance's attempted thaw in relations with Iran (the Memorandum) and the Iranian response in missile strikes to interrupt open navigation in Hormuz on Omani side route breaking ceasefire happens on July 8, 2026. Early on in the US strikes the focus was on Iranian underground nuclear sites with preparations for nuclear weapons. When Iran shut down the Hormuz channel to navigation the US extended this to a naval blockade. As the US bombing of military targets in Iran continued in May and June the WSJ and other media were critical of the US. DJT turned to JD Vance to get the Iranians to negotiate a ceasfire with a Memorandum of points they agreed to included a plan to have talks on nuclear issue, open up the Hormuz channel, lift American naval blockade and American sanctions to Iranian oil exports. This WSJ Editorial Board commentary says Iran has not acted on as it said it would - no talks on nuclear issue are started, and Iran launched missiles against shipping in Hormuz.  This WSJ editorial says Iran does not intend to open Hormuz or discontinue its nuclear weapons efforts. In this situation the only options for the US are to find alternative sources for oil for India and Japan, and China in tacit cooperation with the US to find alternative sources as well as make more efficient use of oil. China is now doing without the 4 million barrels it was getting from Hormuz and has decided to do without these supplies altogether. For the UAE and Saudis to find alternative routes to get most of the oil out, UAE to increase output outside of OPEC to reduce prices. All of these actions are taking place and the ceasefire offered a breather for that to get established creating a new situation where if Hormuz remains unopened the rest of the world will be able to go on as before without being seriously affected. Better management of overall oil supplies is already taking place, inventories are building up, so that at some point Hormuz does not affect oil prices significantly. This is the best and most realistic option and the US, China, India, Japan, the EU, are going ahead with it. ...
NYTimes.com Original article ›
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Guy Scott, a Britisher from Livingston on the Zambezi river in what was then Northern Rhodesia, was a leading white member of Zambia's government. He served in Zambia as Agriculture Minister under Kaunda and Vice President under Sata. Guy Scott helped tackle a drought in Zambia to prevent famine. He died at 82 in Lusaka where he has a farm for strawberries. Guy Scott studied Economics at Cambridge in 1965. In 1986 he studied for doctorate in cognitive sciences at the University of Sussex. His father was a Scottish born physician, lawmaker and newspaper publisher, his mother a English nurse. For a 90 day period in 2024 after the death of Sata he was president of Zambia. Guy Scott is one of a long line of Britishers who helped people in Asia and Africa during the transition to home rule that started with the British agent in Rajkot, Gujarat, Sir Frederic Lely, who helped Mohandas Gandhi get accepted to study law in London. When India emerges as a modern industrialized economy by 2040-2047, the largest democracy in the world, and with Indonesia by far the largest country in the world given their shared heritage and modernization, it is important not to forget the role played by well meaning and good British people. Britishers who understood and respected the country and culture, that were both part of and separate in their aspirations for an independent India from the colonial establishment. Guy Scott will be one of these well regarded Britishers in the modern history of the world. ...
The Wall Street Journal Original article ›
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Iran's Assembly of Experts (clerics) acting as an arbiter as a power struggle takes place between elected president Pezeshkian and the Revolutionary Guard Corps (IRGC). The Assembly of Experts made up of clerics and the Ayatollah as its head shift support to one faction then to the other. This is who US is talking to and negotiating with. To negotiate with Pezeshkian even when agreement is reached the next day IRGC can come out and take action to control Hormuz by knocking out ships. A Qatari ship carrying 2 million barrrels in Hormuz was hit by IRGC when Pezeshkian signaled he had reached an agreement with the US that would release $6 of $12 billion in Iranian funds in Qatar. IRGC plan is to control Hormuz, charge tolls, and raise $40 billion a year through tolls. IRGC believes it can disrupt the narrow 15 mile channel on the Omani side in violation of international law of navigation that the US wants to keep open. For the US the question is - Can you even negotiate with the entity that is Pezeshkian and the elected government when it is in a power struggle with IRGC? Can you negotiate in the context of the burial as martyr of Iran's current religious leader Ali Khamenei? And even if you negotiate, IRGC responds to close Hormuz, US restarts bombing, where does this get the US when Hormuz remains closed. The US has we show here has only one option not stated in the Media. That is to bypass and ignore Hormuz and get alternative supplies of oil and keep naval blockade at low cost. For the US and the world to generate alternative supplies to Hormuz the US works with China, India, Japan, Indonesia and European Union, Arab states, to take the following action. Get 5-6 million of the 20 billion of Hormuz barrels as day using existing and new Saudi and UAE pipelines outside of Hormuz channel, accelerating renewable energy and EV's hybrids, China doing without the 4 million barrels a day from Hormuz by cutting its oil use through energy efficiency, alternative sources of oil from Venezuela ramp up and new oil production in the US and other places in the world, using reserves and rebuilding reserve supplies, better management of the 80-90 million barrels a day of the 108 million barrels a day the world used in 2025. All of these action are taking place in the transition to a world without Hormuz for the last 60 days. ...
NYTimes.com Original article ›
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  US's womens socceer's Carli Lloyd, who led the US women's soccer team many times in her career, was honest and blunt on FOX television coverage of the 4-1 loss to Belgium in World Cup Soccer 2026. The host country failed to make it into the quarter finals after so much advertising on television, way too much not even good for the players. There is so much money on television ads and promotions that it must hurt the players and the game. Messi, Neymar, Vinicius Jr., Pulisic, and some Mexican players, were all put up as players who could do anything on television. In the end none of them did well, Messi almost in tears after Argentina was behind 2-0 for most of the 90 minutes against Egypt, only miraculously surviving. Brazil is out going down to Paraguay. Christiano Ronaldo, the first billionaire in soccer, was a little kid from a struggling family in Madeira, Portugal, and he too went out after failing to score on several passes, with Portugal's loss to Spain. All this may be a good thing and a learning lesson for the sport. For all those who love the sport and think things have gone overboard with television advertising,  with excessive brand sponsorship on television, making entertainment stars who knows to what purpose, but losing the best of the game of soccer in the process. And these are Carli Lloyd's comments (Carli who after 318 appearances and bringing so much joy to young girls for the sport worldwide has a net worth of $2 million compared to the now billionaires and others on the way to billions, or hundreds of millions, television stars of the sport who could not get their game right in World Cup Soccer 2026.) There are lessons for the sport which is the most popular sport not only in all the developed countries but also the poorest large countries on the planet like China, India, Brazil, Egypt. “I felt like they lost the game before they even stepped out on the pitch." “And I’m not sure why, and I don’t know the reasons. But just from the beginning: chasing. Tentative. Scared. Just not confident on the ball.”  "You wanted some of those big-time players to step up in big-time moments." “And I gotta be honest: I was a bit disappointed in Christian Pulisic. Whether he wants to be the star of this team or not, we didn’t see enough from him in this particular game — and, really, the whole World Cup. Little glimpses here and there.” ...
NYTimes.com Original article ›
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Small businesses under the Liberty Center sue the DJT administration over new Tariffs under Section 301 of the Trade Act of 1974. This time the issue is put in a different light that of use of forced labor, or having laws but not enforcing them for forced labor, and not meeting the standards set by the administration. Section 301 of the Trade Act 1974 also gives the president authority to conduct investigations on each country with unfair trade practices, and take action on each country. The office of the Trade Representative has worked hard to pull together all these Investigations on each country so that a new Tariffs ruling by the administration on this aspect of Section 301 for unfair manufacturing practices is expected in August. Note that most major countries have already agreed that they will respect the tariffs reached under their individual coutnry agreements with the US. This applies to Japan, S. Korea, China, European Union, UK, India, Indonesia, Germany, France. What was the purpose of tariffs all along- it was to get these countries to negotiate a fair deal in which the US would be given some preference to compensate for the similar deal the US allowed these countries to have for their exports in the last 30 years. Little or none of these aspects of tariffs has been covered in the media including the most important aspect- tariffs are simply a tool in the tool box to return the supply chain the US sent to China under different adminstrations for 30 years back to America, including the manufacturing, the factories that were sent overseas and now brought back to the US, for American workers and American jobs. If stated clearly no small business or state attorney general, or lesser courts up to the US Supreme Court, would take on the authority to prevent this from happening, considering that 8 million jobs were lost over 30 years, and the manufacturing leadership of the US destroyed, in the process taking with it small factory towns across the American landscape. US Department of Labor Statistics reports shown here show factory jobs in the US at 19.4 million in 1980 over the 30 year period  after losses in 2009 there only 11.5 million factory jobs in the US as its whole supply chain was shipped to China. In 2026 there are 12.69 million factory jobs in the US. Automation is only a small part of the story as Chinese factories are heavily automated in 2026, it was a deliberate self inflicted wound by the privileged but incompetent class of economists and politicians in the US who refused to see with their own eyes this Depression in factories and trusted outdated irrelevant economic theories (Bush, Clinton, Obama administrations). In a way that Norman Borlaug (Nobel 1970 for Green Revolution) recalls seeing during the Depression days from his economics class at the University of Minnesota. ...
The Wall Street Journal Original article ›
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Mary -Louise Parker in movie Young Washington 2026 as Washington's mother Mary Ball. Here she talks to Marc Myers of the WSJ about her childhood growing up as an Army officer's daughter in different bases before settling down in Arizona. Her fight with shyness till she over compensated. Her father's confidence in her and pointing to her the prospect of going to the North Carolina Institute of Arts, where she learnt the craft of acting. She moved to New York for different roles including one in "Weeds."  She is 61 years, and lives with 2 sons 19 years and 22 years, in a large apartment in Brooklyn that overlooks the water with views of sunsets which she enjoys. It was Mary Ball who told her son not to join the British Navy, wanting to keep him in America. Washington joined the British forces in North America after a career as a surveyor. Land and landholdings were important at the time and as a surveyor with important connections to prominent British families Washington built his career, and further enhanced it by joining the British forces against Indian raids and the French in the coveted Ohio territory. Where did Washington get his keen knowledge of history and the Enlightenment thinkers that enabled him to grasp the ideas of Jefferson? Washington was like the first Chief Justice Marshall in the same communities at the time in the Virginia colony. Both were mentored by a major British landowner who built a large library in the colony that both were able to go to and learn what they later used to start the struggle for a new Nation. It shows the importance of books and libraries, of knowledge during the Enlightenment period in shaping the minds of the Nation's founding fathers- Jefferson, Marshall, Washington, Madison, Samuel Adams and others. ...
The Guardian Original article ›
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Reeves and Lammy depart as Burnham chooses new cabinet Healey is new chancellor and Shabana continues as Home Secretary. Healey was Defense secretary under Starmer. It is important that he was in 1999 Parliamentary Private Secretary to Gordon Brown as Chancellor of the Exchequer. In 2002 he was appointed Economic Secretary to the Treasury, and in 2005 Financial Secretary to the Treasury. In 2009 he was Minister of State for Housing and Planning. Shadow Secretary of Health in 2010 and 2016, Shadow Secretary for Defense under Starmer after supporting Starmer for leadership of the Labour Party. He was first elected to parliament in 1997 and had majorities of 50-70% in elections serving for 29 years in parliament. He is the right choice for Chancellor, or Finance Minister of the UK to work with Burnham on Labour's goals. Reeves was problematic from the beginning because she stuck to what people said could or could not be done, not able to think outside the box to get Labour to be itself and do what people wanted from Labour. In this way she set herself and the Labour party for failure by losing the very public that Labour had promised to help, with this public becoming indifferent to Labour, because in many ways it was Reeves's Labour not Starmer's. As Starmer, not much of an original thinker and little experience outside of law, followed Reeves economic theories borrowed from The City, Britain's version of Wall Street. Andy Burnham is right to choose someone who can think on his feet, no knowledge of economic theory required because orthodox economic theory has failed America, failed Britain, and created the mess of single supply chain concentrated in China in the first place with its theories of comparitive advantage. What is needed is someone who grasps and hold near his heart the aspirations of the British people, and hears their concerns everyday, not think tanks telling one what to do, and acting on these concerns in creative ways, thinking and improvising solutions along the way, not afraid to experiment. This is how FDR handled the economic difficulties of the 1930's, another period like today's when Wall Street theories had failed badly. This is also how China handled the economic collapse after Mao's death following the Cultural Revolution in 1984-1997. This is how Modi handled the economic difficulties in building a modern nation by experimentation in the western state of Gujarat in 2001-2014 without preconceived ideas and theories, keeping what worked and expanding on it.  Lammy was not the right choice for Deputy Prime Minister, and failed to provide leadership and focus the country's attention on the issues of migrants, asylum hotels, housing, rebuilding relations with the European Union, economic growth, neglect of the north of England and other deprived regions. No such position of Deputy prime minister can be filled in many situations. As Foreign Secretary there needed to be some one who could speak with a stronger voice for Britain with the European Union, the US, China, India, and be seen across the spectrum of views in Britain as an effective voice. ...
The Guardian Original article ›
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India win by 5 wickets against West Indies set for semifinal with England 2025 T20 World Cup on Thursday March 4, 2026. Samson with 97 off 50 balls led India to get 197 runs with 5 wickets in hand.

The Guardian Original article ›
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Climate policy changes lead to $1.3 trillion savings according to analysis from DJT administration and EPA's Zeldin, with $1.1 trillion in savings from lower vehicle prices which addresses unaffordability of cars. Using the average price of a new basic Toyota Corolla the price in 2020 was $19,000 which has gone up to $23,000 a price increase of 21% by 2025 over a 5 year period. The cost in 2026 of operating a Gas powered vehicle is on average about $2500, for EV car about $1000 with $1500 in savings per year for EV's that need to be figured into the equation at gas prices that prevailed in 2024 of $4-$5 per gallon . At prices of $3 per gallon the gas costs come down to $1200 when driven 12,000 miles at 30 mpg for 400 gallons of gasoline consumed. This makes the difference between gas and EV yearly savings on gasoline costs down to about $200 from $1500. This makes gasoline powered cars attractive as car companies can reduce EV investments and pass on some of these savings in lower car prices in 2027 in exchange for favorable rules on emissions and EV transition dates.  Are there losses through the emissions and climate change? The DJT/Zeldin EPA analysis points to global climate emissions from China and India (the coal powered plants) continuing at a pace that would determine the overall change in climate for 2026-2027. In this kind of approach the goal is to make cars affordable over a 2-3 year period for US and European carmakers who would be expected to cut prices. It is about flexibility in fighting the Cost of Cars a big component in the Cost of living with housing as the next large component. It is not a long term strategy, simply one that offers a flexible approach. Will the US, Europe and Japan fall behind in EV's technology? Hybrids a focus of Japanese cars will continue to advance that technology which is becoming a preference where it is affordable for customers. Toyota for instance will have a wide lead in hybrids technology by 2030. Much of the Chinese market will have EV's and the EV's technology will advance in China in 2026-2027, and tariffs will be needed to protect European and American carmakers for 2026-2028. It is a strategy tradeoff to deal with the cost of living crisis in US, Europe and Japan answering call for a flexible approach that was also heeded by the Biden administration in relaxing carbon emissions rule changes. It will require automakers to step up and cut prices for gasoline models for buyers at the entry and lower range for affordability by 2026-2027. What about climate action? The strategy is based on the idea that climate action requires India and China (coal powered plants) on board to make a real difference so that over 2-3 years to 2027 the US, Europe and Japan need to address affordability for the lower end entry cars. There is an element of denial of climate change in parts of the DJT administration in the US but not in Europe and Japan. It is also true that leading DJT administration officials Secretary Bessent see the problem of climate as real and one that needs to be addressed yet leaving room for flexibility to tackle affordability crisis for ordinary workers with low incomes struggling to make a living. Bessent and others in the DJT administration are calling for using all of the resources to address needs of people struggling to make a living, and for a strategy for the US to get back its manufacturing capacity from China and for rebuilding the US economy after deindustrialization (caused by Clinton's huge US economy shattering failure to provide safeguards for abuse of the trading system by China in signing a poorly drafted agreement for China's entry into WTO at the end of his term in 1999-2000 just when he had fought impeachment.  ...
The Wall Street Journal Original article ›
LyrArc Article Gist
Greg Ip says what a difference US policy under DJT has made for energy independence and for exports. US economic growth is affected only slightly as it exports oil and LNG. Forecasts by Citi revised for the US for economic growth by only 0.1% downward for the Iran War, for the European Union by 0.4%. EU spends 1-2% of GDP to get imports of LNG and oil. US gets 0.2% of GDP for the oil and LNGit exports.  The US is in a strong position with oil policies to increase production and there is also additional supplies from Venezuela that can be added to replace Persian Gulf supplies. Which is why DJT can tell the world and the Europeans, Japan and China to get their own oil and do the job of opening Hormuz because US does not get any of its oil and LNG from Hormuz straits. In 2025 EU gets LNG from Norway 89, US 81, and Russia 37 in billions of cubic meters of imports for total in 2025 of 207 down from 257 total in 2021 because of conservation. US LNG will increase as US sells more LNG to Europe in 2026 and 2027 and reduces the little it imports from Russia. EU is doing a good job of conservation that the US can adopt to export even more to India and Japan replacing some of the supplies from the Persian Gulf nations. ...
The Wall Street Journal Original article ›
LyrArc Article Gist
Instead of a jinx much to the contrary the US economy outlook for 2030 in Feb 2026- a surge in investment spending in 2026-2030, new manufacturing investments and lower energy costs, moderating inflation, are likely to propel the US economy ahead to 2030.The effect of tariffs as a policy making tool has been muted because of exemptions, reversal of tariff rates once key objectives were secure for tariffs as a way to get action on foreign policy as with Indian purchases of Russian oil, deals with Japan, South Korea and China, India, UK and the EU. Some sources such as the Philadelphia Fed see price rises reaching 3% in some inflation guages more than the moderate 2.5% in the consumer price index for January 2026. These sources see the hiring slowing down just as layoffs begin to happen in the latter part of the year which is a possibility but less likely. At this point in Feb 2026 there is a tendency not to layoff and to hang onto employees, and hiring has been slow in 2025. January's report of 130,000 jobs added is the first sign of strengthening of the jobs market. Overall a cautious view would be to call it a soft landing after the inflation surge of the covid period. Another way of looking at is is more in line with the strategic direction of the US economy- freeing up the economy with investments in energy,  reducing the key costs of production, tax policy of Bessent's complete one shot depreciation of equipment increasing business investment, tariff policy making the world trading system fairer and now more attuned to US interests, all creating an investment and jobs surge in 2026-2027. There is an added benefit from US efforts to free up the world trading system from the stranglehold placed on it by China with its control over world manufacturing. A dominance and unwise concentration gained from the serious mistakes of the Bush-Clinton period of not putting in safeguards for US factories and jobs (that form the backbone for families in neighborhoods towns and regions across the US), and US business interests growing indifference to the very communities they were based in by outshoring to China destroying whole regions in America. Even where it is criticized or seen as negative there are huge benefits when the US acted. Tariff increase on India is a clear example- it built Indian resilient attitude in June-Feb 2026, and during this period it cut funding Russia's war in Ukraine by sourcing energy from other sources, the US policy led to India and EU+ Germany signing trade agreements to double their effort and double trade and scientific cooperation ( a goal secured for the US as it reduces concentration in China), was followed by US signing its own trade agreement with India within days, and increases world trade of US and EU and Germany in ways that will bring 2.5 billion people into a strong partnership that overshadows anything that happened in China in the Clinton-Bush-Obama years of failure. ...
Board of Governors of the Federal Reserve System Original article ›
LyrArc Article Gist
The US Federal Reserve Report on Economic Wellbeing of US Households 2024-May 2025 gives some insights into the well being of American households. It shows food insufficiency households the same in 2023-2025 at 7%. The situation for cost of living remains a concern in 2024 as well as 2025. Retirement savings have improved for many middle class Americans, as confirmed by reports from Fidelity and Vanguard. The people earning less than 25,000 are 19% and about the same in 2024 under Biden as under DJT in 2025. 39% make $100,000 or more and 26% make $50,000 -$100,000. Combining the 19% making less than $25,000 and the 16% making between $25,000 and $50,000 shows about one third of the population under $50,000 living paycheck to paycheck. It would appear that $2000 DJT rebate putting $160 billion out of $550 billion of tariff revenues for 2025-2026  in the hands of 79 million households that make less than $100,000 would go a long way to keep the situation stable with optimism and hope arising from the restructuring of world trade that would bring trillions of dollars of investment into the US from Europe and Asia. A this investment plus domestic investment should bring back jobs and higher incomes to US manufacturing in small towns across America. The rest of $550 billion tariff revenue of $390 billion would go to reducing the deficit which would improve prospects for the economy in 2027 and produce a more resilient economy in 2027-2028. As shown on this page the popular Democratic Governor of Michigan in her op-ed in Washington Post supports strategic tariffs, and supports using the revenue for a check to American workers of $2000 per worker or per worker household and offers to work with the opposite party to get a WIN-WIN for the American People.  In the whole process of trade tariffs it must be remembered when seeing the inconsistent cases of tariff use by this Republican administration that these were special reason situations not aberrations or whimsical. First, it should be borne in mind that behind the appearance of DJT making tariff decisions is a carefully thought out process that took ten years to form under Reagan era Trade Representative Lighthizer who negotiated with Japan, and his deputy Jamieson for 2016-2024, and the economic and capital markets experience of Scott Bessent as Treasury Secretary. The two cases of inconsistent application of tariffs relate to the 50% tariff on India and the reduction of tariffs on China agreement on rare earths, and the imposition of a large tarif on Japan and the EU. In the first instance with India it was intended to give Ukraine breathing room from Russian attacks as Germany steps up its military preparedness and assistance to Ukraine. With both countries it was about saving face important in Asian or any societies and it has achieved it's purpose. Reports show both Indian and Chinese refiners have quietly cut purchases of oil from Russia leading to Russian oil selling at about $20 discount to Brent crude oil. In the case of Japan the quick action to raise tariffs was intended not to get into long drawn negotiations and show serious intent- Japan is known for dragging out negotiations for years if not decades. The same is true for the European Union. With the Swiss it was about a certain disrespect of the US coming from attitudes that Swiss products were somehow superior. Not just in the long run, in 2026-2028 history will show that the effort done right - and it takes effort to get this right- to restructure world trade so that other nations are not siphoning off the benefits and leaving the US to lose its manufacturing and factories is the right one. And taken with courage and sincere desire to create a fair distribution of the benefits of world trade for too long distorted by egregious practices of competitors. It has nothing to do with 2 senators from the 1930's who were from places like the Mountain West in the US, having no concept of world trade, Smoot and Hawley, who under a irresponsible president Hoover got everything wrong. This is a carefully set out plan to evenly balance the benefits of world trade to all nations.   ...
The Hindu Original article ›
LyrArc Article Gist
To get an idea of Indian potential growth rate one can see the potential of states like Bihar and Maharashtra. Bihar state in India is where the potential for economic development is huge and growth rate of 22% for 2025-2026. Imagine a state with 130 million people in India with about 17% urbanization compared to 37% for India. Most of the development concentrated in the capital city of Patna. Other cities being Gaya near Bodh Gaya, home of the world's most important ancient Buddhist sites where Lord Buddha spent most of his life, and Bhagalpur.  The new plan is to accelerate urbanization in Bihar. After Pataliputra and Kankarbagh 11 new satellite cities are to be set up under an new plan for Bihar. Housing Minister Nitin Nabin of Bihar state says- “The new townships will include nine divisional headquarters cities, Sonepur and Sitamarhi (Sitapuram). The initiative will reduce population pressure on major cities, ensuring better basic infrastructure and scope for further expansion. Special emphasis will be laid on roads, traffic management, drainage, waste disposal, green parks, and residential areas. The nine divisional headquarters were Patna, Muzaffarpur, Bhagalpur, Gaya, Darbhanga, Munger, Saran, Saharsa and Purnia. Committees will be formed to monitor the townships’ overall development." ...
The Washington Post Original article ›
LyrArc Article Gist
Internal Bank of England data showing Britain inside European Union 6-8% higher GDP and 75 billion pounds of higher exports of goods in 2025. This is the only objective assessment one can accept in judging what would be best for British workers and their families.  Also lost on the 2014 -2016 period that led to referendum on Brexit in 2016 just three years later is that it came after the 2009-2011 period for recovery from the financial crisis, the first entry of Conservatives and sharp austerity cuts in public spending by 2012, and the period of Covid that followed just 3 years after 2016 in 2019. The process of improving productivity and increasing competitiveness that could have happened, is a cost Britain suffered from Brexit becoming topic No.1, skewing priorities from reindustrializing to debate on a non priority item Brexit- with a lost decade as a result in addition to the 8% of GDP and 75 billion pounds that could add to these numbers. In this way UK lost about 10% of its GDP and 100 billion pounds of exports that without the that  additional public investment  did not happen from 2009 financial crisis, from Brexit divisiveness, followed by Covid. The result is 1.5% growth in GDP in UK compared to closer to 3% in the US. The lower growth alone can mean additional losses in exports in 2025 than are seen in numbers, and additional losses in GDP. This is the economic weakness  that hangs over Britain as it tries out a new leader in 2026. Only a bold action plan under a bold leader can reverse this decline. As shown elsewhere on these pages in Lyrarc, this is why a new leader needs to articulate a bold and well thought out plan to execute with the support of the British people. Andy Burnham has the potential to make this happen starting in 2026 over the next 5-7 years. He has to build on the work he did in the Greater Manchester region, and like Modi in India applying the lessons learned in his home state of Gujarat, step by step, year by year, build the industrial and economic capacity of Britain by 2035. It is not a feat for the timid, struggles will abound, yet it can be done with one step following the previous step in a continuous stride. In fact Burnham can now work with India to add about 1% of GDP because of the close trading relationship and centuries long synergies with India to get closer to 3% growth in GDP per year. At that point public spending and investment would rise to propel further growth. It is in the interest of every sector in Britain to pull together, the same in India, to lift these two main countries of the Commonwealth by the bootstraps. ...
NYTimes.com Original article ›
LyrArc Article Gist
US trade deficit of $46 billion with India and DJT call to buy oil and gas from the US, to shift away from purchases of $50 billion of oil from Russia, of 2 million barrels a day. India only imported $1 billion of oil from Russia in 2020 and this is a call from the US to India to stop financing Russia's increasing air attacks on Ukraine in August 2025. For India this oil came at $70 a barrel when prices were around $90-$100 a barrel in 2022-2024. In 2025 oil prices are at $60 a barrel, and even if prices increase to $70 a barrel India can make the shift. US and Germany, the EU, Britain which seek negotiated end to the war in Ukraine will continue to pressure India in 2025. Russia could shift some of the oil to other places but the huge demand from a country India's size will not then be seen as a factor in prolonging the war. India needs to think ahead for the next 20 years and its goal of modernization by 2047 like China has done in 2000-2020. And not get into a nationalistic mode that may not be in the best interests of the Indian people seeing that this may serve the interests of all nations including Russia to phase out this European war. ...
The Indian Express Original article ›
LyrArc Article Gist
Here is the situation for India for Fertilizer and LPG gas supplies in Iran War March 14 2026- Vaishhnav says 62 lakh tons available 10 more than last year of urea fertilizer. This means India has adequate coverage for the May planting season of fertilizer. On LPG for household cooking India has shifted industry supplies to cover the home cooking gas needs. It is also working on passage of its LPG ships through the Hormuz Straits. Of the Indian ships carrying LPG -22 vessels trying to cross Hormuz Straits, 3 made it though in the last few days. India is in touch with Iran and the Gulf Cooperation Council and through its position in Bric's to get safe passage for LPG carrying ships. Six of the ships carry LPG and one carries LNG of the 22 ships waiting to cross the Hormuz passage.

The Guardian Original article ›
LyrArc Article Gist
The world today is in a much better position to complete the transition to zero dependence on the volatile Middle East for oil. Today in 2026 the world's largest nations 1. US   2. China  3. India  4. Germany are all free of Middle East oil (India through waivers for Russian sources). European Union and UK is at about 12% which can be quickly substituted from the US+ Venezuela and other sources. US is self sufficient in oil and gas and exports oil to the UK, India, Germany and the European Union. Canada is self sufficient. Germany gets only 6% of its oil from the Middle East, the UK 12%, Spain 13% and Italy 14%. The Iran war is likely to shift more of the needs of UK, Spain and Italy to other more stable sources including oil from the US and Venezuela managed by the US, and other sources. This means that US policymakers can act in the best interests of all the nations of the world for preventing the spread of nuclear weapons and long range ballistic missiles. Germany is moving rapidly to renewable energy and this could bring its dependence on the Middle East to zero. India will meet its needs from Russia for the time being till it also shifts to oil from US+ Venezuela. India get 55% of its oil from the Middle East or about 2.7 million b/d. Russia was an important source of oil for India till the US trade agreement called for it to shift- a 30 day waiver and extension means India can get this oil from Russia without sanctions for the duration of the war. Reducing European demand and Indian demand frees up oil for Japan and South Korea on the world market the other 2 countries dependent on Middle East oil- Japan importing 95% of its oil consumption with imports of 2.5 million b/d and South Korea importing about 2 million b/d or 70% of its consumption. This means Japan and South Korea need a new strategy as they are overexposed to one source just as Germany was and learned a difficult lesson to diversify its sources. Japan has learned to reduce consumption for the same level of GDP and some of this can be through conservation, also tried in Germany in the last 4 years. During the 4 years. of Ukraine war Germany had to find ways to diversify sources Japan and South Korea will need rapidly to do the same in the Iran War. This means that only Japan and South Korea because of their lack of policy direction and vigilance have allowed this overdependence on the Gulf region,  (even as Germany diversified its sources, DJT and Israel were firm on nuclear weapons policy) they failed to see signs that they should diversify. Today in 2026 the world's largest nations 1. US 2. China 3. India 4. Germany are all free of Middle East oil (Indi through waivers for Russian sources), European Union and UK is at about 12% which can be quickly substituted from the US+ Venezuela and other sources.    ...
NYTimes.com Original article ›
LyrArc Article Gist
Big changes are expected in energy markets after 2026 following the end of the war with Iran, the naval blockade and the Hormuz straits closure. Even when the Shipping returns to Hormuz there will be continued uncertainty and prospect of conflict. As a result China, India, Japan and the US and EU will look for new sources of supply in Latin America for oil and gas including in Guyana, Brazil, Argentina, and in Venezuela. This NYT Analysis  confirms the shift to renewables will accelerate after 2026 with 2-3 years return on investment for renewables, and in 2026 wind+solar+nuclear now generating more electricity worldwide than gas. OPEC stranglehold on oil prices is weakening with UAE's exit from OPEC, and the US+ Venezuela+UAE expanding production. This will benefit poorer countries in the world in Asia, Africa and Latin America, Middle Income countries like China and India, as well as US and EU through lower prices for the new overall energy mix, with a higher component of renewables from every year 2027-2030. Lower priced component for oil possibly at $50 a barrel holding steady to 2030. From this perspective Hormuz's importance will decline over this period to the point that the world's wealth sucked up for far too long in the Middle East through the twin mechanisms of  high oil prices and decades of wars will be shifted back to infrastructure in the EU, US, India and China, Brazil and Indonesia. For the poor countries like Pakistan, India, Indonesia, China and others this is a big deal because instead of the wealth going to princes in the Persian Gulf  it will benefit people in Egypt, Arab countries such as Morocco and Tunisia,Turkey, Pakistan and India, China. Long delayed infrastructure rebuilding in US and European Union can now take place.The shift and trend to renewable energy as a major component of the energy mix of over 50%-60% in India could be expected by 2030 and have a major impact on climate change. (India has already crossed 50% of its energy from renewable sources). China will have installed half of the new renewable energy capacity added by 2030 and this too will add to the fight against climate change. Overall this combination of events and changes underway are overwhelmingly constructive and are not anticipated in this way by most of the world's media including the NY, which see slower growth when the opposite is now the case with accelerating and steady growth expected 2027-2030, and 2030-2035. For the US and EU it could not come at a more opportune time with the determination to invest at home and reindustrialize, build new infrastructure, for India to build a modern country by 2040, and for China or Japan not to get stuck in middle income status with continued modernization to 2040. For the poorest countries to work with these major nations to improve standards of living. For the US it also means the end of the border migrations flows that happened in 2025 taken to the next stage in 2026 and 2027 ending all drug flows across its borders with Mexico- as more lives are lost to fentanyl and other illegal drugs substances (1.25 million since 1999) than were lost in the Korean War (36,000 deaths), Vietnam  War (58,000 deaths) and World War 1 (116,000 deaths) World War II (418,000) all 4 wars combined. Issues of unfair trade deindustrialized the US. This coupled with drugs destroyed small towns and communities (that were based on manufacturing and lost factories) across the US for over 3 decades. The tackling of these issues will also add to the general sense of well being of the people in the US- and also in the European Union. The modernization underway in China and India+Indonesia+Brazil is also part of these changes, promise a rising tide that will lift all boats if we continue together to carefully select the right path ahead and chart the course clear eyed and clear on purpose. ...

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