My big worry (again) is that the US enters a new trade war with France over where your tax internet company profits, the country of the buyer (French view) or that of the haven in which the on-line operator has become domiciled (US view.) I am worried that the tit-for-tat will again make it hard to budget for French wine and cheese! If they become pricey we will have to cut down! More for paid subscribers below where we have an article on how to lose weight.

By tossing the Trump Administration's attempt to exile the 700,000 “dreamers”, illegal immigrants who grew up in the US, Supreme Court nominees appointed by President Trump have again overruled his policies, this time anti-immigrant bias. Justice is blind. Dreamers can dream some more.

The number of jobless rose by 1.5 million and 20.5 million people collected jobless benefits, both higher than consensus forecasts. New outbreaks of coronavirus in Berlin and Beijing—to say nothing of Tulsa OK where Trump will speak without a mask on Saturday—are worrying markets. The DJIA opened down 200 points. Now it has reversed

“Liar, liar, pants on fire.” Pres. Trump will not get far claiming that ex-NSC head John Bolton is a liar. The liar identified more easily is Trump himself who managed to lie even when Bolton in fact resigned his post, claiming he had fired the mustachioed expert. My husband covered Bolton during his brief interim ambassadorship to the UN and says he is an extremely right-wing gutter-fighter, but very intelligent. If he gives up the $2 mn book advance he got and manages to cause Trumperoo to lose his re-election bid, he will probably be content.

India is lining up pals upset by Chinese incursions into their waters, or mistreating fellow Muslims worse than India does, or worried about dams on rivers that run through China. That means it gets support from Vietnam, Myanmar, Indonesia, Malaysia. Then India also lines up the US, Britain, and Australia, Canada, and New Zealand. None of this will help India overcome its other challenge, slow growth, and trade deficits caused by COVID-19. But except for the Philippines, it has great regional support.

It is amazing that the Financial Times, a newspaper written by outsiders with limited access to corporate paperwork, managed to figure out that Wirecard, a German digital financial commerce platform. was fraudulent 18 months ago when it started writing about the Munich company. It took till today for its long-term accountants, Ernst & Young, who had access to all the data, announced that euros 1.9 mn of cash it claimed to hold was missing. Wirecard handled Visa and Mastercard credit and debit card transactions in Germany, Austria, Switzerland, Singapore, Dubai, and Ireland for my subscribers.

It may also have been the source of fake sign-ups and hacking on our website, which appear to have come from Russia and China. These now total over 2000 names. I was raised by German Jewish immigrants to the US, reads German and when one of my readers there couldn't make his credit card work, I got him to pay with a different card.