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T-Mobile USA lost 1.65 million contract customers in 2011 and is clearly negatively impacted by the merger plans. The $3 billion impairment in the value of T-Mobile outweighs the breakup fee received. The $4 billion investment for LTE upgrading will occur in 2013 and additional customers will be lost by then. This puts Verizon and AT&T ahead.

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The choice of Arvind Subramanium as top advisor to the prime minister and finance minister of India, is likely to be received positively. Subramanium is a fellow at the Peterson Institute of International Economics. He has served in the IMF and the GATT organization that preceded the WTO. Subramanium's appointment complements the appointment of Rajan from the University of Chicago at the Reserve Bank of India. Financial markets and foreign investors are likely to see his appointment as a step in the direction of new policies from the Modi administration to increase growth and investment.

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Facin competition from RIM's Blackberry, Apple's IPhone, Smamsung and LG, Nokia has seen its market share in the USA take asteep dive from 35% in 2002 March to 10% in 2008, and 7% in June 2009. Nokia say experts made adecade of mistakes. It failed to design new phones , failed to anticipate consumer tastes in America, like flip phones and touch screens, and failed to accomodate the CDMA format using instead the European GSM standard.

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Glaxo spent $279 million in the first half of 2008, second only to Pfizer's 462 million. Much of this is televison advertising, which has come under criticism for exaggerating the benefits of drugs and minimizing the risks. Television advertising for prescription drugs is banned in most countries, except for the USA and New Zealand. Now Glaxo CEO, Witty says, Glaxo will do less television advertising than in the past.

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Efforts to get back on track where TARP started in the first place, with the goal now to rid banks of troubled assets by putting them in aseparate institution.

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Holbrooke, special envoy to South Asia, meets with leaders and civilians in Pakistan.

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2007 saw arecord number of births, of 4,317,000 . The average woman has 2.1 births and there are alarger number of childbearing women of all ages. In a sign of what society is looking like and changing mores in different racial groups, there were a record number of births to unmarried women. 40% of all births were by unmarried women in 2007. 28% of white babies were born to unmarried women, 51% of Hispanic babies, and 72% of black babies, and the rate is accelerating for white babies and Hispanic babies.

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By one measure the IMF projects the USA economy will shrink by 0.7% this year and see 1.6% growth in 2009.

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Conservation by industry and farming in the USA as it shifts its usage patterns and ways of doing things.

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How Russia sees the conflict in Georgia, the media efforts to win public opinion. And the views on McCain in Russia and the concern over McCain.

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How the government under Secretary Paulson's plan will restructure and financially support Fannie and Freddie while gradually winding them down. Secretary Paulson says that it would be a grave error if we did not use this time to permanently address the structural issues presented by the G.S.E.'s a reference to them as government sponsored enterprises. Government support said Paulson has to be explicit or nonexistent.To wind them down the plan calls for reducing their portfolios by 10% a year. In return for $1 billion in senior preferred stock from each company to the government which pay an interest rate of 10% at least the government is committing $100 billion to each company to cover future losses. The government also receives warrants that allows it to to buy upto 80% of the stock of each company at a nominal price of less than $1 a share. Beginning in 2010 both companies will pay a quarterly fee to the government in return for financial help. Senator McCain had some words for the people running the companies: "its an example of cronyism, special interests and lobbyists. A quasi governmental organization where the executives were making hundreds of some billion dollars a year, while things were going downhill, going to hell in a handbasket." ...

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The proposed terms of the automakers rescue package, with the government taking stock ownership in the companies.