The New Financial Supermarkets Private-equity firms were once niche players serving big clients. Now they’re trying to be everything to everyone. . The Strategy That Can Defeat Putin THE FUTURE OF COMPUTERS IS ONLY $4 AWAY, WITH RASPBERRY PI CEO EBEN UPTON Plus, how to make a chip in a chip shortage . NYC health commissioner declares ‘loneliness’ epidemic “57% of residents felt lonely some of the time or often, and 67% felt socially isolated in the prior four weeks.” ..... “Loneliness has been hiding in plain sight for years in America,” the commissioner wrote. “Rigorous scientific studies on the negative health effects of loneliness and social isolation exist — yet public health action has remained uneven.” ......... the need for social interaction is as primordial as the need to eat. ........ the health commissioner’s proposed anti-loneliness initiatives include holding regular community events to facilitate social interaction ....... the health commissioner’s proposed anti-loneliness initiatives include holding regular community events to facilitate social interaction
Russia’s central bank head ‘is mourning for her economy’ Elvira Nabiullina, noted for her symbolic outfits, wore funereal black when announcing the economic response to sanctions ....... The governor of the central bank of Russia – famed for sending coded messages with her attire – had chosen to dress in funereal black as she warned about the devastating hit to the Russian economy from sweeping sanctions imposed by western governments in retaliation for the invasion of Ukraine. ......... Highly respected in the international community, including among some of Putin’s harshest critics, Nabiullina is viewed as a moderniser who reformed the central bank and kept Russia’s economy out of worse trouble despite challenging conditions since taking her post in 2013. ........ “[She is] very highly regarded and respected. Viewed as competent, modest, and honest. ........ “She is trusted by Putin. She has built a lot of elements of fortress Russia – not just foreign exchange reserves but also a domestic payment system and the payment card ‘Mir’ – but I am sure she was not part of the narrow circle making the decision on going to war.” ........ Analysts expect Russia’s economy could be set for a deeper recession this year than the one caused by Covid-19. Sanctions freezing the central bank’s assets have severely limited Nabiullina’s room for manoeuvre. Out of $630bn (£475bn) in foreign currency reserves built up by the central bank – which could have been used to protect the rouble – experts say much of the sum has been rendered useless. ......... “She is a brilliant governor. The war is not her fault,” said one Russian economist based in London. “Putin makes geostrategical decisions with huge economic consequences and leaves it to his team of experienced technocrats to pick up the pieces and sort out the mess.” ........ An ethnic Tatar – the largest minority group in Russia – she was born in the Russian republic of Bashkortostan, between the Volga river and Ural mountains, a year after the Cuban missile crisis. ......... she was the first woman to lead the central bank of a G8 country, before Russia’s suspension from the group of rich nations in 2014. ........ “There are signs of panic. It’s extraordinarily serious and it’s going to bring the Russian economy to its knees.”
Kyiv ‘ready to fight’ as Russian forces close in Ukraine capital Ukrainian president warns of ‘humanitarian catastrophe’ as hundreds of thousands of civilians remain under fire across country ........ Air raid sirens and shelling rang out over Kyiv and other major Ukrainian cities on Saturday morning amid warnings from western defence officials that the Russians were beginning to gain ground around the capital. ....... But Ukrainian presidential adviser Mykhailo Podolyak said the capital was “ready to fight”. He called it a “city under siege”, with checkpoints prepared and supply lines in place. “Kyiv will stand until the end.” ......... “the bulk of Russian ground forces” were around 25km from the centre of Kyiv, while the cities of Kharkiv, Chernihiv, Sumy and Mariupol remain encircled and continued to suffer heavy Russian shelling. ......... living conditions in the Kyiv region had deteriorated into a “humanitarian catastrophe” with disrupted gas, heating and water. The Ukrainian president said his country had reached a “strategic turning point” in the conflict. “It is impossible to say how many days we still have [ahead of us] to free Ukrainian land. But we can say we will do it,” he said. “We are already moving towards our goal, our victory.” ............ About 2 million people – half the population of the metropolitan area – had left the capital ....... Continuing Russian bombardments and attacks on civilians in cities across Ukraine have prompted warnings of “an unimaginable tragedy” and a new flurry of alarm from the UN that Russia is committing war crimes. ........ Hundreds of thousands of civilians remain trapped and under fire in Ukrainian cities, but the situation in Mariupol is especially dire. Ten days into Russia’s siege, its population has no access to electricity or mobile phone networks, and water and food are running out. ..........
Zelenskiy accused Russia of refusing to allow people out of Mariupol
....... Belarus might launch an invasion of Ukraine today ........ Ukraine accused Russia of staging “false flag” air attacks on Belarus from Ukraine to provide an excuse for an offensive. ........ Putin and Lukashenko agreed on Friday that Moscow would supply its smaller neighbour with military equipment and mutual support against western sanctions, including on energy prices ......... Foreign combatants have already entered the Ukrainian conflict on both sides, but the Kremlin has ramped up efforts to bring in reinforcements from Syria. Syria’s military has begun recruiting troops from its own ranks to fight alongside Russian forces in Ukraine, promising payments of $3,000 a month – a sum of up to 50 times more than a Syrian soldier’s monthly salary. A furious Zelenskiy accused Russia of hiring “murderers from Syria, a country where everything has been destroyed … like they are doing here to us”. ............ The G7 group of wealthy nations said it would strip Russia of “most favoured nation” status under World Trade Organization rules. ......... and authorities moved to recognise Meta as an “extremist organisation”. ....... The US has also imposed sanctions on a group of Russia’s elite, including billionaire Viktor Vekselberg, three family members of Putin’s spokesman and members of parliament.
Archaeologists Find Evidence for 40,000-year-old Modern Culture in China No sapiens bones were found at Xiamabei, but archaeologists found a pigment-processing industry and miniaturized stone tools far in advance of their broad adoption in prehistoric China ............ Archaic humans began reaching Eurasia at least 2 million years ago, but the timeline of anatomically modern types spreading out of Africa is not known. In any case, by 40,000 years ago modern humans had reached northern Asia, replacing the archaic populations. ...... it seems they developed a unique stone technology culture that would only emerge broadly more than 10,000 years later. ....... Supporting evidence is the separate discovery of modern human remains dating to about 40,000 years ago at nearby Tianyuan Cave and Zhoukoudian Cave. Also a modern skullcap was unearthed at Salkhit and dated to about 34,000 years ago. These discoveries support the theory that the Xiamabei manufacturers were sapiens. ........... The archaeological record argues against the notion of linear, continuous cultural innovation, or of a fully formed set of adaptations that enabled early humans to expand out of Africa and conquer the world.
Ukraine Crisis Kicks Off New Superpower Struggle Among U.S., Russia and China Beijing and Moscow now hold a stronger hand in confronting the West than during the Cold War ......... Russia’s audacious military assault on Ukraine is the first major clash marking a new order in international politics, with three major powers jostling for position in ways that threaten America’s primacy. ........ Russia and China have built a thriving partnership based in part on a shared interest in diminishing U.S. power. Unlike the Sino-Soviet bloc of the 1950s, Russia is a critical gas supplier to Europe, while China isn’t an impoverished, war-ravaged partner but the world’s manufacturing powerhouse with an expanding military. .......... “We all thought we were looking at a Europe whole, free and at peace indefinitely,” said Michele Flournoy, who served as the Pentagon’s top policy official during the Obama administration. “We knew that Russia would conduct gray zone operations and that Putin would use his KGB playbook to create instability on his periphery. But a wholesale invasion of a sovereign country to reorient its government is a different moment.” .......... Beijing doesn’t really like Putin’s tactics ...... When pro-democracy protesters rose up in Hong Kong, Mr. Xi imposed harsh security laws, brushing off agreements his predecessors made giving autonomy to the former British colony and international financial center. ......... what the Pentagon in 2015 called the “re-emergence of great power competition” and shifted from its emphasis of counterterrorism operations in the Middle East and Southwest Asia. ......... Even with annual defense budgets that soared over $700 billion, coping with an urgent Russian-generated crisis while preparing for a Chinese threat whose peak is still years away presents an enormous challenge for the Pentagon. ........ “The United States is going to have to get used again to operating in multiple theaters simultaneously—not just militarily, but in terms of psychology and foreign-policy making” ....... Beyond the military, the new confrontation with Moscow might also accelerate a further fracturing of economic globalization. China and the U.S. are trying to unravel supply chains for critical technologies. Should the West impose crippling sanctions on Russian banks and major companies, Moscow is likely to become more reliant on Beijing, which has issued a digital currency and is building a payments system separate from the West’s. ..........
most Europeans see the Ukraine crisis as a broader threat to Europe.
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Narendra Modi’s BJP Wins Big in Indian Elections Result of regional votes shows the enduring popularity of the leader despite the impact of the pandemic and a controversial proposal to overhaul the agricultural sector ......... It is the first time in decades that voters have returned an incumbent party to power in Uttar Pradesh. The BJP was also on track to win a majority in three other states—Uttarakhand, Goa and Manipur. .......
“He enjoys a huge, huge popularity among ordinary people.”
........ The BJP’s wins will strengthen the party’s control in Parliament’s upper house, where it doesn’t have a majority. ........ In a major upset, the regional Aam Aadmi Party, which runs the government of New Delhi, won a majority of seats in the huge farming state of Punjab and defeated the Indian National Congress Party ........ Its victory in Punjab now positions the Aam Aadmi Party, led by Delhi chief minister Arvind Kejriwal, for a bigger presence during the 2024 national elections. ...... He has cultivated an image as a pious bachelor and devout Hindu who is wholly dedicated to public service. .
Why Is Russia Invading Ukraine and What Is Happening on the Ground? Ukrainian fighters put up fierce resistance as Putin places nuclear forces on alert ....... Russia is Europe’s major supplier of natural gas. ....... Ukraine’s defenders held on to Kyiv, and pushed back Russian troops in urban combat in its second-largest city, Kharkiv. ....... Ukrainian authorities have ordered Kyiv residents to stay indoors until Monday morning while they hunt for Russian infiltrators, who engaged in several shootouts with Ukrainian troops and civilian volunteers overnight. ....... “They have consciously chosen to hit civilians and everything that renders life normal. Power stations, hospitals, kindergartens, housing blocks—they are all targeted daily.” .......... Before the invasion, Russia had massed a fighting force totaling up to 190,000 troops along Ukraine’s borders compared with Ukraine’s 200,000-strong army, supplemented by tens of thousands of reservists. ........ Putin says the main objective is to defend the Russian-speakers in Ukraine, especially those in the two self-declared republics of Donetsk and Luhansk, which broke away from Ukrainian control in 2014. ....... eight million Ukrainians died during World War II and that his own grandfather served as a Soviet officer during the conflict. ....... Before 2014, polls showed a roughly even split in support among the population for joining the EU or a Moscow-led economic bloc. In a November survey, however, 58% favored the EU, with 21% for Russia’s group. Polling data show that even people in the south and east, where there are many ethnic Russians and Russian speakers, are now in favor of the EU. ....... Russia’s military campaign marks the continuation of a policy that has seen Mr. Putin steadily expanding the country’s sphere of influence, reasserting Moscow’s dominion over former Soviet republics such as Belarus, Georgia and Moldova. ........ Putin excoriated Mr. Zelensky, calling him a terrorist and urging Ukraine’s military to oust him. ...... “This is really a pattern that we’ve seen from President Putin through the course of this conflict, which is manufacturing threats that don’t exist in order to justify further aggression,” she said. “And the global community and the American people should look at it through that prism. We’ve seen him do this time and time again.” ......... NATO’s Secretary-General Jens Stoltenberg called Russia’s invasion an act of war, “deliberate, coldblooded and long-planned.” ........ Ukrainian Mig-29 jet fighters roared low overhead, in a sign that Russia, despite its formidable advantage in aviation and two days of relentlessly bombing Ukraine’s air bases, still hadn’t achieved full control of the skies. ........ Ukrainian artillery and tanks were moving through the city, and thousands of volunteers lined up at recruitment centers to receive weapons. On the roads south of Kyiv, armed villagers made their own roadblocks out of tractors and sandbags. ........ The Russian advance toward Kyiv has been slowed by antiair and antitank weapons, raising the possibility that Russian forces might be weakened by a lack logistical support before they can achieve their objective. The growing fear, though, is that Moscow may begin indiscriminate strikes against civilian targets to cow the Ukrainian government into submission. .
Free to read: Western intelligence officials predicted victory for Russia in less than a week after it invaded Ukraine. But more than a fortnight later, it remains locked in a battle for control. How will this conflict play out? https://t.co/JEyOkIt9wF
Endgame in Ukraine: how could the war play out? Russia’s failure to secure a swift win opens a range of possible outcomes ....... Ukraine is mounting a stronger than anticipated defence and western countries are supporting it with arms supplies. Meanwhile, Russia’s campaign has been beset by strategic errors, logistical shortcomings and intelligence blunders that vastly underestimated Ukrainian capabilities. ........ that Russia will win a comprehensive victory — remains the most likely outcome, given its overwhelming military power. ........ The civilian death toll will also be much higher than anticipated as Russia turns to more indiscriminate bombardment and deploys arms such as cluster munitions and thermobaric weapons. ........ many defence and intelligence officials say a potential retreat to western Ukraine — where Russia has so far made no attempt to seize territory — is a potential endgame. They have mooted Lviv, close to the Polish border, as a possible new capital for a rump Ukrainian state........ a partition of the country between its more Russian-speaking east and Europe-focused west........ If Russia were to attack and capture the port of Odesa, Ukraine’s third-largest city and long identified by Nato as a potential Russian target, it could cut off a rump Ukraine from the sea, crippling a crucial export route........ few think Putin would settle for failing to capture Kyiv or to topple the Zelensky government, given his stated aim to “demilitarise” the country and wrench it from its EU and Nato membership ambitions. ........ In talks in Turkey between the combatants’ foreign ministers — the most senior-level negotiations so far convened — on Thursday, Russia’s Sergei Lavrov denied Moscow had attacked Ukraine and claimed the US was funding biological weapons research in the country. Dmytro Kuleba, his Ukrainian counterpart, said seeking ceasefire promises from Lavrov was impossible as “there are other decision makers for this matter in Russia”........ while Ukrainian officials have suggested a deal on the status of Crimea and pro-Russian separatist-controlled regions in the east could be feasible, Kyiv has ruled out Russia’s broader demands that it become neutral and give up its military capabilities. ........ western officials say anything short of a full Russian withdrawal would mean that crippling economic sanctions against Moscow were retained. “We keep tightening the noose,” said one. “Putin cannot hope for a fait accompli and for the world to go back to some kind of [normality]. There has been an irreversible change.” .........
Russian retreat, Putin toppled
......... Ukraine’s resistance so far has raised the possibility that Kyiv could continue repelling Russian efforts to seize key cities, especially if western weapons supplies continue to bolster the army’s capabilities ......... Putin himself could be a casualty of a failed invasion. They argue that the Russian president, who has ruled for more than 22 years, might be toppled by Kremlin elites, or by Russian military or security officials angry at his handling of the war, or by a groundswell of protest among Russian citizens furious at falling living standards...... the key to ending the conflict in Ukraine was increasing opposition to Putin inside Russia ...... However, Putin’s grip on power is arguably stronger than it has ever been, thanks to draconian new legislation in effect outlawing independent media in Russia and leaving Kremlin-controlled outlets as the sole source of information....... Dmitry Peskov, Putin’s spokesman, said this week that plans — mooted by the west but now ruled out — to supply Kyiv with Polish MiG fighters would be a “very undesirable and potentially dangerous scenario”. In turn, Jens Stoltenberg, Nato’s secretary-general, has warned Russia that attacks on western supply lines to Ukraine would represent an escalation. ......... “Putin wants less Nato, he’s getting more Nato,” Stoltenberg said this week. “He wanted to divide us, he is getting a more united alliance.” .
Communication, visibility and delivery: How Yogi bulldozed Akhilesh Yadav's caste calculus The BJP has become the only party since 1977 to breach the 40% vote share mark in Uttar Pradesh assembly elections. ......... Yogi Adityanath has become the first Chief Minister in 37 years to retain power after completing a full five-year term in Uttar Pradesh....... The Election Commission data showed BJP bagging a 41.3 % vote share. In 1977, the Janata party had touched a 47.8% vote share high in UP. ........ The BJP swept the UP polls, winning 255 of the 403 assembly seats in Uttar Pradesh. Meanwhile, the Akhilesh Yadav-led Samajwadi Party settled with 111 seats. ........ The BJP swept the UP polls, winning 255 of the 403 assembly seats in Uttar Pradesh. Meanwhile, the Akhilesh Yadav-led Samajwadi Party settled with 111 seats. ....... The free ration delivery along with the cash transfer scheme of the BJP government has given the party a big boost in this election. With the help of these two schemes, the BJP was able to mobilise poor voters, cutting across the caste and community lines. .
https://www.indiatoday.in/elections/story/congress-preps-for-post-result-battle-stations-senior-leaders-in-poll-bound-states-1922219-2022-03-08
'If Congress wants...': Mamata Banerjee hints at 2024 alliance against BJP Mamata Banerjee said her party can get together with the Congress to defeat the BJP in the 2024 general elections. ...... The grand old party, which has been reduced to an all-time low in the recently-concluded elections, accused the Trinamool Congress of being “agents of the BJP” in a sharp rebuttal. “The TMC is the biggest agent of the BJP. Rather, TMC should merge with Congress if it is so serious about fighting against BJP,” Congress’ Adhir Ranjan Chowdhury said. ......... On Thursday, Kolkata Mayor and senior TMC leader Firhad Hakim offered: “The TMC has shown how you can put up a fight against the BJP and defeat it (in Bengal). It is high time that Congress merges with TMC and fights under the leadership of Mamata Banerjee.” ....... The Trinamool chairperson had sent shockwaves across the Congress camp in December with her “the United Progressive Alliance (UPA) does not exist anymore” remark. The attack didn’t stop there. Editorials in the TMC mouthpiece “Jago Bangla” continued its criticism of the grand old party, writing: "Congress is a failure... UPA is over..." It even went on to say that the Congress “has locked itself in the freezer”. .
How Arvind Kejriwal has disrupted Mamata Banerjee’s India plan ahead of 2024 The 2022 Assembly Elections have put Kejriwal's AAP as the major contender next only to BJP and Congress while Mamata's TMC suffered losses. What does it mean for the two parties as it gears up for 2024 Lok Sabha elections? ....... After winning the Punjab election, Arvind Kejriwal’s Aam Aadmi Party (AAP) is the only party after the Bharatiya Janata Party (BJP) and the Congress to have a majority government of its own in two states or more. Even the Communist Party of India-Marxist does not have majority in two states. ........ With Gujarat and Himachal Pradesh going to the polls later this year, Kejriwal’s party has a chance to cross the threshold to enter the elite club. ....... Arvind Kejriwal, on the other hand, has been working to strengthen the AAP in Himachal Pradesh and Gujarat for the late-2022 elections. The AAP contested Uttar Pradesh and Uttarakhand elections. Both gave forgettable results for the AAP but the presence was recorded. ....... The AAP’s success in the Punjab election has given Arvind Kejriwal an edge over Mamata Banerjee in their competition to replace the Congress as the BJP’s principal challenger in 2029 if not in 2024. Soon after the Punjab victory, AAP leader Raghav Chadha said, “The AAP is going to become the challenger of the BJP. There is no doubt in my mind that in the times to come, the AAP will become the national and natural replacement.” .
After massive drubbing in 5 states, G23 battle for all-new Congress intensifies The G23's fight for a new Congress has heated up following a landslide defeat in five states in the Assembly election. ....... An intense power struggle has begun in the Congress hours after humiliating electoral setbacks in Punjab, Uttarakhand, Uttar Pradesh, Goa, and Manipur. ....... ‘G23’, or the group of 23 dissenters, is closing ranks once again to force the leadership issue. Unlike the August 15, 2020, missive that had questioned Sonia and Rahul Gandhi’s style of functioning, this time around, the focus would be on "democratising" the decision-making process in the Congress. The target is the composition of the Congress Working Committee (CWC), an emergency session of the All India Congress Committee (AICC), accountability for the recent poll debacle, and the completion of organisational polls. ........ Priyanka in Uttar Pradesh drew a good crowd, but neither seats nor votes polled justified her efforts. Old Congressmen from UP, leaning on an old film song, said she should have understood the distinction between crowd curiosity and votes. The song from Baharen Phir Bhi Aayengi is "woh hans ke mile hum pyar samajh baithe". ......... Team Rahul was in a daze. A day before the results came out, Rahul’s picture of having a triple ice-cream sundae with faluda was apparently circulated to convey how confident he was about getting Punjab, Uttarakhand, and Goa. Three scoops for the three states. The poll outcome came as a shocker. It explains why Congress has gone into a shell again. .
How 'Delhi model' facilitated AAP's historic Punjab sweep The AAP’s historic victory in a state with no reliable voting base and a weak and invisible party organisation is a fairy tale story almost similar to what the newbie party achieved in the Delhi elections in 2015. ........ the 2022 elections have proven to be a Waterloo for the old and established parties in Punjab. ....... How did an eight-year-old party achieve this magical feat in a state where its party unit was dissolved by AAP chief Arvind Kejriwal over indiscipline after the 2017 electoral debacle? Behind the AAP revolution in Punjab, there is a single and uncomplicated factor that has vastly shaped the insurgent party’s historic victory: the ‘Delhi Model’. ......... a key factor was the electorate’s disillusionment with the established parties in the state. This is nowhere more prominent than the ruling Congress party which, despite winning an inspiring election in 2017, allowed itself to be consumed in factionalism and leadership war. Chief Minister Amarinder Singh’s unceremonious removal by the party’s leadership from Delhi, his running feud with newly appointed party president Navjot Singh Sidhu and the party’s known Dalit face Charanjit Singh Channi’s elevation to the hot-seat just months before elections played a key role in the party’s debacle. ....... a disillusioned voter in Punjab was desperately looking for a change and a new template of governance that could address deep-rooted corruption, patronage politics and end elite control. The Kejriwal government’s ‘Delhi Model’ of governance based on efficient delivery of public services found a strong resonance among voters in Punjab. The Delhi Model, as has been aggressively promoted by the AAP government, comprises four crucial planks of welfare delivery - quality school education, healthcare, water and electricity at affordable rates. ......... After it won the landslide in 2015 in Delhi, the AAP government singled out education as a key area of building its credentials. With slogans such as ‘education first’, the AAP-led government infused a fresh dose of energy into a moribund education system, especially the government-run schools in the capital. The AAP government under the leadership of deputy chief minister Manish Sisodia, who holds the education portfolio, allotted the highest funds to education, introduced new teacher training courses for students, and infused money to improve the ailing schooling infrastructure. A concerted and much focussed effort produced quick positive results. For instance, a Delhi government school, Rajkiya Pratibha Vikas Vidyalaya in Dwarka, was ranked number one among all government-run day schools in India, while two others have made it to the top ten in 2019. Since then, many other schools have joined the rank. The net result is that more and more students from private schools are joining government schools in Delhi. ........ Beyond school education, there has been a visible transformation in healthcare access and quality. Delhi’s Mohalla Clinics have acquired national and international attention in the last few years. What also helped the broader appeal of the Delhi Model is that additional packages such as electricity subsidies (free up to 200 units), free bus rides for women, drinking water for 24X7 have earned the goodwill of most residents of the national capital. AAP’s back-to-back landslide victory in 2020 despite facing a massive challenge from the BJP is a vindication of the success of the Delhi Model. .......
the Delhi Model that assures corruption-free and efficient delivery of public services.
........ The party managed to connect with the women voters by promising them monthly cash grants of Rs 1,000, buttressing the narrative of a dignified life for women in some way within a societal setting marred by traditions of patriarchy. This seems to have worked given AAP’s good track record of delivering its key promises in Delhi and Kejriwal’s own image as an anti-corruption activist. .
The great stall of Kyiv Ground reports from Ukraine and western intelligence indicate that the key to Ukraine’s fight against Russia lies in the resilience being shown on the outskirts of the capital Kyiv. ...... US intelligence assessments estimate that Ukraine’s Air Force still has operational jets along with TB2 Unmanned Combat Aircraft Vehicles (UCAV). Coverage of these assets has so far kept Russian air strikes away from the capital, although the capital has been hit by missiles. Ukraine still has 56 operational fighter jets in its inventory and the Ukraine Air Force is still flying anywhere between 5-10 sorties every day ...... Russia has launched 328 cruise missiles on civilian facilities since the invasion began. .
