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One of the severe problems noted in the recall disaster of 2010 was that practically all important quality and safety decisions are made in Japan. Without key American decisionmakers in the process this leaves Toyota exposed to all sorts of errors like the errors that ocurred in stalling the National Highway and Traffic Safety investigations into acceleration and braking accidents in Toyota vehicles. To compound theses errors managment at Toyota focussed on the $100 million in savings that avoiding or minimizing the recalls would generate, as revealed in internal documents. Early warning signs of similiar problems in Europe were not linked to problems in the U.S.. All this was ocurring against the backdrop of a change in management at Toyota- with the Toyota family once again regaining control of the company- and the failure of the management under Watanabe and previous CEO's to put quality before rapid expansion. The new changes are to have 2 new senior executive positions in the U.S. to focus on quality and safety. A chief safety executive will focus on safety and recalls, and a chief quality officer coming from the top ranks of the American operation will now sit on a special committee for Global Quality led by CEO Akio Toyoda. The commitee for Global Quality will address the global quality issues around one table with the highest ranking executives at Toyota right at the table to talk things out. ...

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Experts say there are only a couple of hundred high-integrity welders in Britain. Many manufacuring jobs go unfilled because of lack of skilled workers. Britain is trying to close this gap and reduce unemployment for young people by increasing apprenticeships in industry and worker training. The UK government allocated 1.57 billion pounds on worker training programs in 2013. Britain had 868,000 people in apprenticeship programs in 2013. EEF, a British trade group, says 80% of manufacturers have difficulty finding skilled workers with technical skills. Britain has done very poorly in the area of worker skills training according to the OECD. About 2.74 million new manufacturing jobs are expected to be created in Britain by 2020, of this 1.86 million will require engineering skills, according to EEF. A lot more needs to be done, as companies need to double the number of apprenticeships to meet expected needs.

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The prospect for increased consumer spending in China are not as strong as in the US. The increasing cost of living and the general uncertainty following the pandemic and release from covid restrictions mean that the average Chinese person is less inclined to spend. Savings pool is also smaller estimated at savings accumulated of $425 million during the pandemic years 2020-2022 compared to the US savings accumulation of $2.3 trillion in 2020 to 2021. US public also received cash payments which supported spending, and China by comparison had no cash payments.

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Foxconn Technology Group, largest assembler of iPhones, plans to reduce its dependence on Chinaby building plants in India. Foxconn head, Terry Gou, plant to visit India after next month. The continued trade tensions between U.S. and China are leading to many companies looking at diversifying their supply chains away from China.Manufacturing high end phones in India would help Apple get around the 20% tariff on imported phones because Apple is losing market share with its high prices. Foxconn already makes phones in India for Xiaomi. Foxconn is also looking at Vietnam.

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Concern about stimulus spending for infrastructure. Are the best projects being funded? Are some projects that are shovel ready but not the ones we should be doing first going to get done before other essential projects. The lack of acoherent plan for rebuilding the nation's crumbling infrastrure of roads, bridges and highways. Martin Feldstein says that this recession will last longer than others, so the stimulus spending even if slow will show its impact in 2010 and 2011.

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There is still a chance that the Oakland A's could come back to their glory days at a new location in Oakland, California - a new waterfront $12 billion development at the Port of Oakland's Howard Terminal is proposed and facing a decision. Public approval is needed. Four World Series title games were played in Oakland since 1968 and Oakland would like to keep this going.

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Mitsui, Mitsbishi of Japan and Shell of the UK are companies with large stakes in LNG projects in Russia. These stakes have continued through the war, with Shell hoping to sell to Chinese companies and no information yet about Japanese plans. Japan has shown no indication of divesting itself of these assets as it pursues its own energy interests during the war in Ukraine. 

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In the process tech companies in the US also directed massive capital misallocation away from much needed infrastructure, and other essential needs in the US. Some of that capital was also wasted as the productivity of tech invested capital dropped sharply. US president Biden's investment in climate change prevention, chips and science, in infrastructure and to support working families brought America back to much needed national renewal.

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The German government plans to give $8 billion to Uniper in exchange for  a majority stake in Germany's energy company Uniper. Uniper was hit hard when Russia turned off natural gas supplies. It reported a net loss of $12.6 billion for the first half of 2022. The German government will also take a stake in the Finnish company that owns Uniper, Fortum Oyj.

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Krysten Sinema of Arizona and Joe Muchin of West Virginia were key votes in the Senate to pass much needed climate and infrastructure legislation. Sinema is retiring. Rep. Ruben Gallegos a Democrat faces Kari Lake a Trump Republican. Politico says voters in Arizona are veering to the moderate positions. Sinema had her base in the Democratic party and her moderate voters are seen as critical in 2024.

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Prime minister Boris Johnson says he will proceed with "maximum caution" as he plans reopening of the economy. The reproduction R ratio for the virus is just below 1.0 and may have gone up recently, say public health officials. Britain faces a problem of deaths in care homes that is not under control.

Prime minister Johnson will announce Sunday new moves which will be limited- allowing people to go out to take as much outdoor exercize as they like, and restart activities such as tennis, golf and fishing. Businesses will get guidance to prepare places for social distancing when people return to work. Restrictions on limiting people contact to those within their household will remain.

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There is a sense from Remainers and Brexiters in the Conservatives and in Labour that Brexit is "acting as a drag on UK growth and limiting its potential" after the pandemic and inflation. Senior members of both parties are meeting in Oxfordshire including David Lamy of Labour and Michael Gove of the Conservatives, and the heads of banks and large business. Gove and Boris Johnson led the campaign for Brexit, and Gove is now interested in ensuring Brexit is not viewed as a failure in the long term. The Office of Budget. Responsibility says Brexit will reduce Britain's per capita GDP  by 4%, over the 15 years from 2016. Labour sees it as a threat to any future Labour government to leave unaddressed the relations with the European Union. In a bipartisan effort what sort of conversation to have with the EU so that Britain's economy benefits? President Biden's effort in working with like minded Republicans for America's renewal may be seen by Labour and the Conservatives as reason for doing the same in Britain to ensure European recovery.   ...

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Over 100 women scientists are part of the Chandrayan moon missions of Indian space agency ISRO. Many are leader of project teams and head key parts of the scientific efforts of ISRO. Prime minister Modi says the moon mission shows the strength of women or 'nari shakti' and the potential of the younger generation of women for careers in science and technology. About 25% of the 16,000 employees of ISRO space agency are women, and Modi says "they will inspire women for generations to come." Women make up 43% of graduates in STEM scientific fields, yet when it comes to being part of scientific institutes or universities this drops to 14%, an imbalance that prime minister Modi and ISRO women seek to address. DW.com looks at the work of women in the moon, mars and solar missions including Ritu Karidhal, Nidhi Porwal, Reema Ghosh, Kalpana Kalahasti. Kalahasti is deputy project director and has overseen the satellite imaging that will be done from Chandrayan 3. Reema Ghosh worked on the "Pragyan" rover that is now exploring the moon's surface. ...

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The needs of AI where the energy to power a city the size of Manhattan is needed leaves America short of meeting such supply with renewable solar, wind and natural gas. Nuclear had become dormant as the cost of natural gas and solar produced energy declined. With increasing need for clean energy the Biden administration considered reviving nuclear energy and included funds for this in its legislation.  In the last year Constellation which owns the Three Mile Plant in decommissioning status changed its plans under CEO Dominguez after attending AI meetings realizing that this was an opportunity. Dominguez had research done to match energy projects in the US with the demand including AI data centers to be convinced it made sense to invest, and meetings with Governor Shapiro. It is moving forward with $1.6 billion investment after a deal with Microsoft for energy from Three Mile Nuclear plant, delivery in 2028, at $115 per megawatt hour. It costs $142 per megawatt hour for new nuclear energy construction.  State and federal regulatory approvals are needed, and the risk of underestimating the cost of restoring nuclear at decommissioned plants are high. ...

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A Spanish engineer tries keeping a log of all activities during the day to discover where time is going and slow the passing of time. This enable a better redirection of time such as walking to work, and improvements that add up over time.

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As the deadline of July 22 approaches for the 160,000 members of the UK Conservative Party to elect a leader, former Foreign Secretary Boris Johnson and the current Foreign Secretary Jeremy Hunt are running for the leadership position. Boris Johnson has 68% member support with Hunt at 23%, according to YouGov survey. Both candidates are in favor of Britain leaving the European Union without an agreement. Hunt has stated he would cancel leave for Britain's 16,000 civil servants in August to prepare for the departure of Britain from the EU by October 31.  Only 27% of Conservative Party members believe Mr. Hunt can do the preparation needed for an abrupt exit after 45 years of economic integration with the European Union. By contrast 90% of members think Johnson would do the preparation needed. Preparation is needed because of food and medical supplies trucks and in flights awaiting customs at border points. The result could be chaotic without adequate preparation. Under a Johnson government many ministers would leave the government including Mr. Hammond who runs the finance ministry. He is expected to join rebel ranks in the Conservative Party that does not think an abrupt exit like this is good for Britain. If these members in the House of Commons join Labour party members they could vote to block this from happening. Britain's opposition Labour Party led by Jeremy Corbyn has finally decided to call for a second referendum if Johnson pushes to leave the EU abruptly, and to campaign wholeheartedly this time for staying inside the EU. During the last referendum Labour leaders did not push hard for Remain, and David Cameron as prime minister and head of the Conservatives proved to be a weak and ineffective leader using the promise of a referendum as a ploy to win votes for the Conservatives in an earlier election and then finding himself stuck with promises made in the election with his party's right wing led by Johnson. Years of austerity policies promoted by Germany in the EU after a flawed entry of southern European countries with faulty not transparent finances such as Greece too early  into the eurozone had soured Britons on the EU. The friendly migration policies of German leader Merkel for economic as well as war torn country migrants from North Africa finally not just soured Germans on Merkel policies but also soured British working class families struggling to make ends meet and seeing migration as taking British resources that were needed at home. This has split most of Europe including Britain along lines of the major cities and the rural areas plus smaller towns, and in Eastern Europe, East Germany region along the lines of the old Soviet bloc countries which with deeply conservative thinking do not favor such migration policies. These divisive changes have taken place over along period of decades and will take time to heal through economic recovery and a fairer distribution of wealth, better investment in infrastructure, health, education, public services, neglected during the Tech driven flawed investment diversion of economic resources. Yet the hope of this type of change if grasped by Britons as well as Europeans could bring new life and revive the vision of a Europe with shared benefits for all Europeans, not just a French-German project. For this to happen new leaders have to rise to the challenge inside Britain and the rest of Europe.      ...

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NYT shows 17 year old Summer McKintosh of Etobicoke, Ontario, Canada, swimming with the greats such as her idol Ledecky in the 400 metres at Paris Olympics with use of breast, freestyle, back and butterfly strokes. The swimmers routine starts at 4.15 am and no matter how she feels she gets up goes to swim and tries the hardest for two hours 6.30 to 8.30 am then exercise training on land followed by 3-5 pm another two hours in the afternoon. She keeps at it steadily day after day. 

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This report by Landon Thomas Jr. of the NYT describes what happened in the days before and the 48 hours before the referendum decision was announced by June 27, 2015. It shows talks progressing right up to Monday, June 22, 2015. By June 23 Greece received a paper marked in red from the IMF, EU and the ECB on their proposal of June 22. The Greek proposal of June 22 rejected pension cuts and removal of tax breaks for Greek islands, but proposing instead a series of tax increases and increase in pension contributions to be made by companies in Greece. The reply marked up disagreement areas on the paper which voiced objections to too many tax increases as hurting business growth, need to simplify value added taxes, and insisting on pension cuts and reforms. The two advisors Tsipras had used were a complete contrast to the new advisor and finance minister Mr. Tsakalotos he was to use in negotiations after July 7, 2015. Nikos Pappas is described here as an academic with a temper and Varoufakis as a person who would not hesitate to confront and lecture the creditors negotiators. Varoufakis who already had arguments and shouting matches with his counterparts on the other side, had a difficult relationship with the Dutch finance minister, Dijsselbloem, who was the chief of eurozone finance ministers. Dijseelbloem especially objected to Varoufakis lecturing on the need for a debt haircut. Varoufakis was removed from the discussions for a period of several weeks as a result and his reintroduction on June 25 was to have a negative effect on the EU and German negotiators. The same issue of debt came up again in discussions on June 25, 2015, and Varoufakis confronted the EU ministers by calling on the IMF's Christine Lagarde to state if the debt was sustainable. Before that Dijsselbloem had already told him flatly that any discussion on debt reduction would make a deal impossible. At one point German finance minister Schauble argued with EU official Pierre Muscovici of France about his favorable comments on the Greece proposal, saying he could not get the Greek proposal through the German parliament, and saying the ony solution now was capital controls. IMF's Christine Lagarde responded by saying that debt reduction needed to be considered. According to this report the Dutch finance mnister did not wait for Lagarde to explain- he told Varoufakis that it was take it or leave it....

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Official currency reserves of developing world countries almost quadrupled over the last decade to $2.9 trillion. Reserves of industrialized countries went up by 150%. In 2005 reserves went up by 18% for developing countries and declined 1.5% for developed countries. 70% of total currency reserves are in developing countries. This is a huge accumulation of reserves by developing countries in a short period. In 2005 74% of overall reserves were in U.S. dollars. The reserves help countries pay bills and make investments. For developing countries having sufficient reserves helps in two other ways. The reserves are a buffer in emergencies , and means countries like Brazil and S. Korea don't have to turn to the IMF or the U.S. for assistance. Another way this helps is for countries like China to be able to use their reserves to keep their currencies from appreciating and maintain a competitive edge in exports.

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Football Interview: Eder Sarabia and Setien -Elche Football Club in Communidad Valenciana, a small club, eighth in La Liga, with a Bilbao born coach. A story of resilience, being honest and a good person, playing football the right way. Eder calls it "jatorra," from a Basque word. His career ended at age 24, following his mother's advice he studied engineering. He developed another career by coaching youngsters in Basque country feeder clubs. Followed Setien to Las Palmas, Real Betis, and to Barcelona for a year, and was made coach at Elche in Communidad Valenciana.

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High school students have struggled through online classes in 2020 and 2021 in the US. States have waived standardized exit exams and let students repeat 12th grade as the pandemic has made it difficult for students to learn. The lack of a normal classroom environment has affected many students leading to learning loss. High school students have consistently had low assignment completion rates for the last year.

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Geeta Anand and Jaeyeon Woo of the WSJ give this heartwarming story of how South Korea achieved a remarkable transformation in attitudes towards women in society after 1990, and reversed a dangerous imbalance in the ratio of females to males. This was done by the release of extraordinary energy of woman activists after the end of dictatorship in 1990 made this possible, and the efforts of media, courts, government and society. Women won the right to be heirs in the family lineage, and perceptions of women as well as the opportunities open to women changed in this period. Today the Korean government provides $177 a month for the first 5 years for child care at home. The story of one mother and daughter and their experiences, of Ms. Lim and Ms. Ko, both teaching at the university and having daughters only, shows how South Korea has changed by 2016. Moving further South Korea's government now offers incentives to companies to make paternity leave policies generous, with municipal governments adding cooking classes and housekeeping courses for fathers. ...

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"When the Legends Played in the Leagues" is the Wisden Book of the Year. The Guardian shows Gary Sobers, the West Indies cricketer from the sixties and the seventies who is one of the most famous cricketers of all time. It shows English cricket in the English Leagues for 1950- 2000. Included here are West Indies cricketers Lance Gibbs, Wesley Hall and Rohan Kanhai. What Ken Rosewall and Rod Laver were to tennis Sobers and Kanhai were to cricket in that era.