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      Japan’s Debt, Now Twice the Size of Its Economy, Forces Hard Choices

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      Japan’s government faces pressure to curtail debt-fueled spending that some argue has staved off populist waves.Japan, which has the highest government debt among leading economies, is finding it difficult to spend like it used to.Debt-fueled public spending, enabled by low interest rates, has long been a way to address the country’s problems. Struggling farmers and emptying countrysides received generous payments from the central government. Relief aid during the Covid-19 pandemic morphed into new outlays for defense and subsidies to help consumers weather inflation.The spending continued even as more social security funding was needed for Japan’s growing number of seniors. Government debt has ballooned to nearly $9 trillion — more than double the size of the economy.Now, ahead of a heavily contested summer election, Japan’s ruling party is facing pressure to add even more debt. Small businesses hurting from U.S. tariffs are calling for government aid, and households squeezed by rising prices are demanding a rollback in taxes.But as the Bank of Japan moves away from the negative interest rates that for years made it easy for the government to borrow, the limits on spending are more stark.Recently, the market for Japanese government bonds has reflected concern about the country’s fiscal health. The yields on long-term bonds, an indication of investor confidence in the government’s ability to pay back its debts, rose to record highs at one point last week. And weaker-than-expected demand for an auction of 40-year bonds on Wednesday kept investors on edge.

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      Japan 30-year government bond yield
      Source: FactSetBy The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Zelensky Is Expected in Berlin as Merz Steps Forward as Key Backer of Ukraine

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      A likely focus of talks between the two leaders will be military aid and whether Germany will provide Ukraine with the Taurus cruise missile.President Volodymyr Zelensky of Ukraine is expected to travel to Berlin on Wednesday in his first visit to Germany since Chancellor Friedrich Merz took office earlier this month.The visit comes at a crucial moment in the German-Ukrainian relationship.With doubts looming about the future of America’s commitment to Kyiv, Mr. Merz has stepped forward as a leading figure in the European alliance supporting Ukraine. That has meant eschewing the cautious stance of his predecessor, Olaf Scholz, even as he faces opposition from within his governing coalition on expanding German military support.After Russia invaded Ukraine in February 2022, it took over a year for Mr. Scholz to invite Mr. Zelensky to Berlin. Though the Ukrainian leader has not been to Berlin since October, the one-day visit will be his third meeting with Mr. Merz since the chancellor took office on May 6.What are the leaders likely to discuss?A major topic of conversation will likely be military aid in general and, specifically, the Taurus cruise missile, a system jointly developed by Germany and Sweden.The large size, advanced navigation system and 310-mile range of the Taurus means it can accurately deliver bigger strikes deeper into Russian territory than other missiles in Ukraine’s arsenal.The Taurus has long been at the top of Mr. Zelensky’s wish list. Though Britain and France already provide Ukraine with their jointly developed SCALP/Storm Shadow cruise missile, the Taurus would be able to strike as far as bridges connecting the Crimean Peninsula to mainland Russia.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Republican Vote Against E.V. Mandate Felt Like an Attack on California, Democrats Say

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      For decades, California has been able to adopt its own emissions regulations, effectively setting the bar for carmakers nationally. And for just as long, Republicans have resented the state’s outsize influence.There is little question that California leaders already see fossil fuels as a relic of the past.At the Southern California headquarters of the state’s powerful clean-air regulator, the centerpiece art installation depicts in limestone a petrified gas station. Fuel nozzles lie on the ground in decay, evoking an imagined extinction of gas pumps.For more than half a century, the federal government has allowed California to set its own stringent pollution limits, a practice that has resulted in more efficient vehicles and the nation’s most aggressive push toward electric cars. Many Democratic-led states have adopted California’s standards, prompting automakers to move their national fleets in the same direction.With that unusual power, however, has come resentment from Republican states where the fossil fuel industry still undergirds their present and future. When Republicans in Congress last week revoked the state’s authority to set three of its mandates on electric vehicles and trucks, they saw it not just as a policy reversal but also as a statement that liberal California should be put in its place.“We’ve created a superstate system where California has more rights than other states,” Representative Morgan Griffith, who represents rural southwestern Virginia, said in an interview. “My constituents think most folks in California are out of touch with reality. You see this stuff coming out of California and say, ‘What?’”Federal law typically pre-empts state law under the Supremacy Clause of the Constitution. But in 1967, the federal government allowed smoggy California to receive waivers from the Environmental Protection Agency to enact its own clean-air standards that were tougher than federal limits, because the state historically had some of the most polluted air in the nation. Federal law also allows other states to adopt California’s standards as their own under certain circumstances.Gov. Gavin Newsom of California said last week that the state would fight in court to preserve its autonomy in setting emissions rules.Rich Pedroncelli/Associated PressWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Macron Plays Down Video of Shove From Wife: ‘It’s Nonsense’

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      The French president, Emmanuel Macron, was pushed in the face as he left a plane in Vietnam. The bigger issue, he said, was the reaction, part of a string of disinformation by “crazy people.”A video showed President Emmanuel Macron of France being pushed in the face by his wife, Brigitte, moments before they stepped off a plane in Vietnam.Associated PressThe door of a plane carrying the French president, Emmanuel Macron, had just been opened by staff in Hanoi, Vietnam, when two hands reached out and pushed Mr. Macron smack in the face.He looked stunned at first. Then he looked up at a camera filming the scene from outside on Sunday and waved.The video spread quickly. The hands belonged to the French first lady, Brigitte Macron.On Monday, Mr. Macron said that the video had captured him and his wife “bickering and rather, joking around,” something, he said, “we often do.”“I’m surprised by it, it turns into some kind of global catastrophe where people are even coming up with theories to explain it,” he said on Monday. “It’s nonsense.”Mr. Macron, whose arrival in Vietnam marked the start of a five-day state trip to Southeast Asia, said it was the latest in a string of disinformation put out by “crazy people” targeting him in recent weeks. The footage was real, he said, but the interpretations were fake.Two weeks ago, Mr. Macron traveled with the German chancellor, Friedrich Merz, and the British prime minister, Keir Starmer, to Kyiv, the Ukrainian capital, on a train. A video of them showed a tissue lying on a table in their cabin, and some social media accounts described it as a “bag of cocaine.”The Élysée Palace, the president’s office, put out a rare social media post at the time, stating, “When European unity becomes inconvenient, disinformation goes so far as to make a simple tissue look like drugs. This fake news is being spread by France’s enemies, both abroad and at home. We must remain vigilant against manipulation.”Mr. Macron also cited a video of his lingering handshake with the Turkish president, Recep Tayyip Erdogan, at a meeting in Tirana, Albania, as another example of disinformation.“It’s been three weeks — if you look at the international agenda of the president of the French Republic, from Kyiv to Tirana to Hanoi, there are people who have watched the videos and believe that I shared a bag of cocaine, that I had a ‘mano a mano’ with a Turkish president and that right now I’m having a fight with my wife. None of this is true,” he told reporters on Monday.“So everyone needs to calm down and focus on the real news.”Still, the video lit up conservative talk show channels across France on Monday.Ivan Rioufol, a right-wing political columnist, said the video clip implied “there may be domestic violence against men.”The incident on the plane suggested that there was an imbalance in the relationship between Mr. Macron and his wife, Mr. Rioufol told the Europe 1 television channel. Mr. Macron “cannot even command respect from his wife when there are cameras in front of him,” Mr. Rioufol said.Ségolène Le Stradic More

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      What Is Swedish Culture? An Attempt to Answer Stirs Debate.

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      Is it Abba? Saunas? Plays by Strindberg? A government initiative to define an official cultural canon has unsettled many in the arts scene.What is Swedish culture? Some obvious answers might spring to mind: Abba, the films of Ingmar Bergman, Pippi Longstocking, IKEA. It’s an almost impossibly broad question — but one that Sweden’s government is trying to answer.In 2023, the government began an initiative called the Culture Canon, with two streams: an “experts” canon and a “people’s canon.” The first involves academics, journalists, historians and other authorities who will decide on 100 works or other items of cultural importance that have played a key role in shaping Swedish culture.The second will be made up of suggestions submitted by the Swedish public to the Culture Canon website, which can be drawn from the arts or can include everyday activities like the daily “fika” coffee and cake break or ideas like “Allemansrätten,” the Swedish right to explore nature, even on private land. So far, suggestions include saunas and the plays of August Strindberg, the 1361 Battle of Visby and Björn Borg’s five straight Wimbledon victories.A government committee will present a report to the two canons in the summer.Yet even the suggestion of such a definitive list is dividing opinion in Sweden. The Culture Canon is a pet project of a party with far-right roots that supports, but is not part of the government. Many in the arts scene fear that the results will project a narrow view of Swedish culture, glorifying an imagined past and shutting out the cultural contributions of minorities.A sauna in northern Sweden.Ola Lewitschnik for The New York TimesLars Trägårdh, a historian whom the government appointed to lead the project, said in an interview that the Culture Canon would be particularly useful for helping immigrants integrate. Sweden combined a “wonderful openness to immigration with a complete lack of policies that have been able to bring all these people into Swedish society,” he said. A canon, he added, would provide new arrivals “with a map and a compass.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Frank Moore, a Top Aide to Jimmy Carter, Is Dead at 89

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      After serving as chief of staff when Carter was governor of Georgia, he followed him to Washington, where both men encountered a hostile political establishment.Frank Moore, who as President Jimmy Carter’s congressional liaison toiled with mixed results to sell the agenda of a self-professed outsider to veterans of Washington, died on Thursday at his home in St. Simons Island, Ga. He was 89.His son Brian confirmed the death.Mr. Carter was known for having a “Georgia Mafia” around him during his presidency. Mr. Moore was a leading member of that group, and the two men remained close until Mr. Carter’s death. According to the Georgia newspaper The Gainesville Times, Mr. Moore was the last living person to have worked for Mr. Carter for the entirety of his political career: as an aide from his days as a Georgia state senator all the way through his presidency.In Washington, the two men had what might have seemed like an ideal chance for legislative achievements. For all four years of the Carter administration, the Democrats controlled every branch of government, and from January 1977 to January 1979 they had supermajorities in the House and the Senate.Yet it was a less ideologically homogenous era for the party. The Democratic caucus in the Senate, for example, encompassed liberals like Edward M. Kennedy of Massachusetts, staunch anti-Communists like Henry Jackson of Washington and conservative segregationists like John C. Stennis of Mississippi.These separate factions and their wily tacticians were relatively unfamiliar to Mr. Carter and Mr. Moore, who had first met far away from the nation’s capital — on a local planning panel in Georgia in the mid-1960s.In the 1970s, after Mr. Carter had been elected governor, he made Mr. Moore his chief of staff. During Mr. Carter’s presidential run, Mr. Moore, a soft-voiced 40-year-old who held the title of national finance chairman, was one of a few of Mr. Carter’s Georgia allies to set up his campaign office in Washington.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      La protesta de la CNTE paralizó el AICM en Ciudad de México

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      El bloqueo reflejó cómo la presidenta de México, Claudia Sheinbaum, está sufriendo la presión de algunos sindicatos y movimientos sociales, mientras una economía débil limita su capacidad para mejorar las condiciones laborales.Una protesta organizada por un poderoso sindicato de maestros mexicanos interrumpió brevemente los vuelos en el principal aeropuerto internacional de la capital el viernes por la tarde. La manifestación en demanda de mejoras salariales provocó escenas de caos y retrasó el viaje de miles de pasajeros, mientras las fuerzas de seguridad se agolpaban en las terminales del aeropuerto en un intento de imponer el orden.La paralización en Ciudad de México comenzó hacia las 2:00 p. m., hora local, y duró unos 20 minutos, mientras cientos de sindicalistas marchaban hacia las entradas del aeropuerto. La protesta también colapsó el tráfico en las calles aledañas al aeropuerto, el cual se encuentra en una zona densamente poblada de la ciudad, y se vio a agentes de policía escoltando a viajeros varados hasta el aeropuerto en camionetas. También agentes antidisturbios fueron vistos dentro del aeropuerto.Aunque la interrupción fue breve, algunos vuelos internacionales que salían de Ciudad de México fueron cancelados o retrasados durante horas el viernes. En el aeropuerto, también conocido como Aeropuerto Internacional Benito Juárez, operan 21 aerolíneas, según su sitio web. El viernes, aerolíneas como Aeroméxico ofrecieron a sus clientes la posibilidad de reprogramar sus vuelos sin costo o pagando solo una pequeña diferencia de precio.La manifestación refleja cómo la presidenta de izquierda de México, Claudia Sheinbaum, está sufriendo la presión de algunos sindicatos y movimientos sociales, mientras una economía endeble y un enorme déficit presupuestario limitan su capacidad para aumentar los salarios y mejorar las condiciones de trabajo de muchos empleados públicos.“No hemos recibido esa atención ni ese respeto en la solución de las demandas, ni siquiera en las más mínimas, de parte del Ejecutivo federal”, dijo Eva Hinojosa Tera, dirigente sindical del estado de Michoacán, en una entrevista radiofónica el viernes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Threatens 50% Tariff on E.U. and 25% Tariff on Apple

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      The president threatened both Apple and the European Union with higher tariffs on social media Friday morning, saying that trade talks with the Europeans had stalled.President Trump threatened to revive his global trade wars Friday morning, saying he would apply a steep tariff to European exports starting in just over a week and warning Apple that iPhones manufactured outside of the United States would face a 25 percent tariff.The president wrote on Truth Social Friday morning that discussions with the European Union “are going nowhere” and that he is recommending a 50 percent tariff on European imports as of June 1.“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” Mr. Trump wrote. He claimed the bloc’s trade barriers, taxes, corporate penalties and other policies had contributed to a trade imbalance with the United States that was “totally unacceptable.”In an earlier social media post, the president also targeted Tim Cook, the chief executive of Apple, who visited Mr. Trump at the White House last week. The president wrote that iPhones sold in the United States should be “manufactured and built in the United States, not India, or anyplace else.”If they are not, Mr. Trump said the smartphones would face a 25 percent tariff.The posts appeared to rattle financial markets, with stock futures pointed sharply lower in premarket trading. In Europe, carmakers’ shares were the worst hit. Shares in Stellantis and Mercedes-Benz fell about 4.5 percent, and shares in Volkswagen and Porsche were down more than 3 percent. Estimates by the Kiel Institute for the World Economy, a German economic research institute, showed that the tariffs would lead to a 20 percent drop in exports from the European Union to the United States in the short term, as well as a more than 6 percent increase in prices in the United States.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More