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Wagoner says GM can get 37mpg on average by 2012 for its cars in response to Congressional demand for higher fuel efficiency and energy conservation. Congress is looking for European mandated levels of 50mpg by 2015, which were initially opposed by European automakers also. It becomes the condition for loans. The awfully bad unemployment numbers for November of 533,000 layoffs led to some compromise from Speaker Pelosi, so that $15 billion could come as a bridge loan to the Detroit automakers from the $25 billion allocated for the specific purpose of fuel efficiency technologies. The only way this compromise could be reached is by a complete shift by the auto executives on the issue of fuel efficiency, which is a sore point with Congress especially the way automakers in Detroit have dragged their feet on this issue over 2 decades, contributing to the jump in oil prices in 2007 and early 2008.

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Contrary to a lot of what is written Mr. Bolsonaro has regained popularity in Brazil with a new poll showing him with an approval rating of 37% (Datafolho), and a sharp drop in disapproval ratings. Bolsanaro has pushed for keeping lockdowns to a minimum and reopening the economy. Brazil has a large informal economy making it very difficult for people  in lower income situations dependent on work to survive. The aid of 600 reals a month ($110 a month) for the coronavirus relief is making him popular with aid recipients and the poor. 

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Walmart sold three of its overseas store operations in the last 2 months, some at a loss as it decides to focus on e-commerce. Walmart exited operations in Japan keeping a 15% stake and selling the rest of the operation to other companies. Walmart sold Asda Group Ltd. in UK at a non-cash after tax loss of $2 billion and operations in Argentina at a non-cash aftertax loss of $1 billion. In 2018 Walmart sold its operations in Brazil at a loss.

It has been hard for Walmart to use the same strategies that it used in the U.S. to achieve dominant position by squeezing out inefficiencies in supply chain and getting the best price from suppliers.  In Japan its subsidiary Seiyu required infusion of $2 billion in 2008 without generating any income in recent years. 

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A major problem for getting grain out of Ukraine by truck and rail is the EU bureaucratic paperwork, says this BBC report. For truck routes long waits at the border are common and queues can stretch as long as  25 kilometres or 16 miles. By rail the Ukraine rail system is wider than the EU's so that the grain has to be transferred for rail on the border.This can take as much as 30 days or 16 days. This is limiting the shipments say Ukraine farmers and most of it is at this time corn shipments.

For years Ukraine farmers were used to sending grain out through the port of Odessa on the Black Sea. This is now closed till negotiations lead to its opening or EU and the US finds some other way to do it.

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CDC has given no explanation for its new guidelines that say testing for coronavirus needs to be done only for those with symptoms, not for those exposed to someone within 6 feet who has symptoms. About half of all new cases are from people who are exposed to people with symptoms but have not yet developed symptoms. One of the reasons the virus spread quickly in February is CDC failure in developing of its own test on February 9 and policy that did not let private labs and labs of teaching hospitals develop their own tests and use them for another 3 crucial weeks.  CDC and Health and Human Services Department errors in February, combined with the stalling of an American team for 3 weeks by China to enter Wuhan in January,  have combined to let the coronavirus spread to the wider population. Once it spreads to a wider population the strategy of test and trace cannot be implemented the way it was first in South Korea and Taiwan, and later in Germany. ...

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The tips could apply to anyone practicing social distancing and staying at home.

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The Tories are seen shifting their position from working with the unions during the pandemic and Boris Johnson's position that there would be no return to the period of "low wages, low skills, and low productivity," in this analysis in The Guardian. Faced with risks of higher inflation in Britain the conservatives have shifted to supporting no more than a 3% wage increase for rail workers in the face of 8% increase in inflation in Britain in 2022. Rail airline, other workers,, and the government now are on opposite sides on wages after joining together during the pandemic. Shortages of workers have pushed up wages in some sectors but others are lagging behind including transport workers, leading to the rail strike and other strikes of public sector workers.

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The Klamath river flows for 250 miles from the Cascade mountains in Oregon through California to the Pacific ocean. The Washington Post gives this look at this part of the Pacific Northwest where dams built during the period 1900-1960 for electrification which interrupted the natural flow of the river are now being removed. This is a part of restoring the ecology of this region and reducing the long term effects of climate change. More than 2000 dams have been removed since 1912, with half of these removals coming in the last 10 years. Over the years dams like these on the Klamath are no longer useful as cheaper sources of electricity exist and do not serve for flood control. For many this is a way to restore the balance to the ecology of the region.

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Germany is seeing more demographic changes as its population gets older. Only 10% of its 83 million population is in the younger age group of 15-24, according to Federal Statistical Office Destatis. Only 8.3 million are in the young age group 15-24 years. Compare this to 1983 when it was 17%. It also makes Germany a more conservative oriented country politically. And accelerates the shortage of young workers as the economy expands.

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India's Foreign Minister S. Jaishankar visits the local subsidiary of Indian Oil Corporation in Colombo to get some idea of the fuel supply situation in Sri Lanka. Facing a shortage of foreign exchange reserves and payment due for its debt in 2022 Sri Lanka has cut imports, including oil imports. India has offered a $1 billion line of credit and other assistance to Sri Lanka. Sri Lanka is also getting financial help from the IMF.

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Jimmy Pitaro at ESPNsports network is navigating adifficult landscape looking for new sports streaming custmers. Joining other media companies to compete with streaming against Google and Apple TV. As more Americans cut the cord cable TV is collapsing. From 2011 onwards to today cable lost 29 million subscribers. ESPN, part of Disney, is a division that once supported Disney growth, its growth in 2023 was 2% for revenue with decline of 2% for profit.

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This editorial in the WSJ points out that it is not enough for a country to vote to leave the European Union. It must be ready to leave the EU, as it says happened in the case of Greece. Greece was willing to leave the EU but not capable of going it alone. This is true of Britain as Britain cannot bear the economic cost of losing the advantages of trade and commerce without serious consequences. Mrs. May's deal for a permanent customs union, a trade deal that mimics Norway's one with the EU, is not fully supported within her own party. Preserving relations with Ireland and Northern Ireland are important and some Brexit Leave leaders have alienated the Irish.  As the WSJ puts it GDP growth obscured regional disparities and shortfalls in productivity and innovation- so that businesses are right to warn of the consequnces of a hasty Brexit or a no deal Brexit. In short, Britain cannot afford to lose the trade benefits of EU membership. This should have been known from the beginning on all sides to avoid what has been a 2 year long fiasco which will affect Britain's future. A strategic error has been made by Brexit supporters in not thinking things through before launching out into the referendum. ...

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Tim Kaine tells the audience at the Democratic National Convention that Hillary Clinton was in Spanish "lista" which means ready, the biggest compliment he said in Latin American life from his days in Honduras. He used Spanish frequently during his speech at the convention.  Kaine wins good marks for his knowledge of Spanish. Other politicians have used Spanish in an awkward way, failing to sound authentic, including president George W. Bush and Mayor De Blasio of New York.

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The author of the study Youth in Germany Kilian Hampel says, German youth after the pandemic have increasing stress about soaring housing costs, inflation, war in Ukraine, and fears about old age poverty. This is similar to what is happening in the US. This will be a factor in the European elections. Though a lot is written about far right parties. Much of the work that remains is about ensuring fairness, and equity, tackling inflation and building housing. This needs greater investment than Germany is today undertaking. Much of the Greens and Socialist party plans to invest in the last federal election were stalled when they did not get a majority and had to depend on the FDP which is too conservative for making the investments needed in the economy. In the US Biden forged abipartisan effort and invested heavily in Republican areas in the south and west. A similar task is needed in Germany including investing in the East and in education, healthcare and building new infrastructure. Rail, road, airport and bridge infrastructure in Germany is dilapidated and only by investing in it can the economy gain strength to meet the aspirations of young people. ...

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Spectacular scenery in Trail Ridge Road Highway to the Sky, Rocky Mountain National Forest, Colorado.

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This report in the WSJ on the Indian economy says the impact of growth in India's largest state of Uttar Pradesh with 240 million people will play a big part in the growth rate of the Indian economy. It fails to say why. The answer is good governance, investment in infrastructure, logistics and manufacturing, a huge pool of tens of millions of engineers and hundreds of millions of factory workers. The lack of a large enough investment pool of investment funds and  failure to eliminate leakages from corruption, the lack of a plan such as the current Master Plan Gati Shakti for the whole Indian economy, lack of governments at the state and federal level combining setting targets and delivery dates for infrastructure roads, bridges, airports, logistical hubs, factory for advanced industry, lack of governance entirely focussed on delivery and timelines, were the missing pieces in development in India for 5 decades since the 1960's, a period in which as Mr. Modi says repeatedly Japan, Korea, China moved ahead and India fell behind. Does this potential exist only for Uttar Pradesh? India's industrialization model started in Gujarat, population of 72 million under Modi as head of the state government from 2001-2014. It now covers the western region of Gujarat, Maharashtra population 128 million and Rajasthan population 82 million  the region around Mumbai, Ahmedabad and Jaipur of about 282 million people. This will be the fastest growing region and the engine that will propel the Indian economy in the years ahead. Uttar Pradesh in the north is integrated into this development. So is another region Bihar population 104 million and Orissa 46 million, Assam 35 million states in the northeast of the country with a total of 185 million people. What do all 3 regions of over 700 million people have in common? The answer is state and federal government working using the Gujarat tested and proven model for development, rapid delivery, good governance, government working with industry, large investments in infrastructure and modernization, Make in India hubs for manufacturing, digitization. ...

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England coach Gareth Southgate reflects here on his penalty kick in the 1996 semifinals against Germany in Euro Soccer at the Wembley stadium. He recall that at the time the penalty kicks were handled as more a situation of luck not skill and practice. He took the kick with little practice and he recalls some negativity in his mind, and missed. Twenty two years later at a knockout stage game in Moscow he faced the similar situation playing Columbia. This time he was manager. But this time the team had changed its attitude. Penalties were seen as being about skills, practice and effort. His focus was on the process, and let the results work themselves out. He encouraged his players to take a positive attitude and think positively during the kick. Combining skill and process worked and England won that game.  In 2021 Gareth Southgate is the coach for the English team that plays against Italy in July's final at Wembley stadium. He writes this to inspire English teenagers to take the right attitude into the game.  ...

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Shubman Gill's amazing strokes to get his 200 against New Zealand in ODI cricket.

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France produced 3.1 million tons of plastic waste, with 2.1 million tons being in packaging. A new environment protection law by president Macron requires supermarkets and other stores to use refill stations for packaging so that unpackaged goods can be sold. This is a legal obligation under the law to cut plastic waste.