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Jeff Bezos's letter to employees of The Washington Post shows why Graham family members, Donald Graham and Katherine Weymouth, who own and run the newspaper, see Bezos as the right person to continue the family's legacy from 80 years of stewardship. Apart from saying he has known Donald Graham for over 10 years and knows no finer person, Bezos also said about the critical role journalism plays in a free society: "I would highlight two kinds of courage the Grahams have shown as owners that I hope to channel. The first is the courage to say wait, be sure, slow down, get another source. Real people and their reputations, livelihoods and families are at stake. The second is the courage to say follow the story, no matter the cost." Bezos also pointed out the major changes in the journalism field from the arrival of the internet. Changes he will now address as owner of the newspaper and one of the business pioneers in the field of internet retailing, starting with books and following this up with the Kindle reader. Bezos sees the changes coming from three sources: "shorter news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs." His response will be to invent and experiment in new ways....

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Mark Roe and expert on cororate governance and bankruptcy law at Harvard Law School, says two of the toughest issues facing the auto industry are clearly better dealt with under bankruptcy law. For the $30 billion of bond debt he says while a few holdouts can prevent arecapitalization outside of bankruptcy, under bankruptcy Chaoter 11 bondholders vote on the plan, and if those holding more than two thirds of the bonds by dollar value accept the deal it applies to all of them. For the supplier network he says courts know that the bankrupt company has to have supplies, inventory and parts flowing for it to function, so the bankruptcy code and bankruptcy courts put payments for new supplies at the top of the queue ahead of old lenders. HE says a bankruptcy judge has to approve these kinds of payments, but the approvals are regular and quick, sometimes on the first day of bankruptcy. So why is GM management saying the supplier network would collapse under bankruptcy? Mark Roe's answer to this question is that bankruptcy usually leads to a sharp change in management, and a new direction for the company. He adds that here are experts at fixing troubled companies who would take new directions and be more effective than current management at GM. ...

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The impact of foreclosure in one Detroit neighborhood called Boston-Edison, where Henry Ford once lived and how the residents who have a neighborhood association going back many years to the 1920's are coping. The human consequences of foreclosures for a neighborhood. How could either side win, the lenders or the borrowers in a foreclosure situation and the need for the government to step in and bring some sense to the whole thing before it sinks both and blights towns and neighborhoods across America. One home bought for $179,000 in April 2006 was sold in the Boston-Edison area for guess how much, $6,500. Which shows that by the time thieves who for the copper and metal mining of these homes can destroy tens of thousands of dollars in value in minutes, and the deterioration of the neighborhood with crime and boarded up looks, and the very presence of foreclosures on each street destroys enormous amounts of value so that in this case the bank and its lenders got how much, less than $6500 or less than 4% of its original price. Repeated all across America this just does not make sense. Just as it never made sense for those who benefitted from the housing boom to say that subprime lending was a good thing because it brought home ownership to the less well off. Only lending that is at rates that are reasonable and considers the borrowers true finances, and on ethical and fair terms can be good lending and only government regulation designed to be easily enforceable and keeps lenders responsible, can ensure that this happens, as a free market is not good for this sort of thing. And this is all the more true for lending to those who are less well of because their ability to screen these contracts and their wording is not adequate and their own understanding of their finances inadequate. Barclay's Capital estimates that there are 811,000 bank owned homes in the USA, up from 129,000 in 2006, and predicts that it will grow by 60% before peaking in late 2009. ...

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Yoon suk-yeol the prosecutor who decided to run in 2021 for the first time in politics, won the recent presidential election in South Korea. He talks to the WSJ in this interview report and outlines the policies of his administration.  Yoon say she sees upholding the constitution which embodies values of  liberal democracy and market economy as the deciding factors for foreign and domestic policy. He wants to build closer ties to the US and Japan. He will resume defense exercizes with the US that were suspended during the Trump administration. On China he sees continued economic relations as a trading partner, but sees flip flopping in foreign policy as creating risks for the Indo-Pacific region. If invited to join the Quad Yoon says South Korea  "will positively review joining." On domestic policy he says his goal is "to correct and normalize so that the market can operate as it should." Yoon led the prosecution in efforts against prior presidents and Samsung, and his known for his forthright approach. Yoon wants to see more foreign investment and says he will ensure that there is no discrimination against foreign companies, including eliminating unnecessary regulation. ...

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Sophie Egan has put together this wonderful clarification of what works well in foods and what one should eat by taking apart some myths. Myth No.10 is that stuff on nutrition is always changing. It isn't and she gives Michael Pollan's seven words as an example- "Eat Food. Not too Much. Mostly Plants." A recent book has title Ikigai, on people with healthy bodies and minds well into their nineties. It pulls together information from persons in Okinawa, Japan, who passed one hundred years and they say not eating too much, eating plant foods, and community spirit, a passion for doing something worthwhile that you enjoy doing and do well referred to in Japanese as Ikigai, is a way to keep healthy. Other myth clarification- Sophie Egan offers is that soy based foods are good for us, and that plant protein when consumed in different forms can give complete nutrition. Not all fats are bad olive oil and seeds nuts are good for us, and white potatoes are also healthy eaten with the skin. All this adds up to good common sense without getting tied up into knots by too much attention to studies. ...

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Leah Williamson is the author of the new book You Have the Power with Guardian football writer Suzanne Wrack. It is a motivational story of England's European cup soccer winning team from 2022 for girls ages 10 to 14 years. Its subtitle is Find Your Strength and Believe You Can. Leah says this is the age group that struggles the most in terms of who we want to be as young women. It is also the age when young girls decide to drop out of sport. What has made a difference for Leah is that her mother was a footballer playing for Milton Keynes and her grandmother played badminton competitively. She remembers going to Arsenal for games with her mom and grandmother at an early age. By age 7 she was playing competitively and she was scouted for Arsenal girls. She has played for Arsenal since then. She started on boys team when there were no teams for girls. A confident attitude came naturally to her and once she decided to play soccer competitively it did not matter that professional soccer for women did not exist when she joined Arsenal girls. ...

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Compared to 1971 Bangladesh has come a long, long way, on its 50th anniversary. From 80% of the population struggling with extreme poverty in 1971, Bangladesh now produces enough food for its 167 million population. The economy is only 13% agriculture with most of GDP coming from industrial production and services. Girls education is remarkable. 98% of children have attended primary school and there are more girls in secondary schools than boys. Norwegians and other European observers who visited Bangladesh in 1970's compare the situation with today and are astonished says this report in DW.com. By 2030 the GDP of $409 billion is expected to double, bringing the country close to 1 trillion dollar economy. The garment industry is the second largest after China, with $35 billion a year in exports. It has changed life of women in Bangladesh, employing 4 million people. Remittances from overseas bring in $24.7 billion for 2021. Overall target for exports is $51 billion for 2022. Problems include the rural urban divide with development concentrated in Dhaka and Chittagong, and increased urban poverty. And despite rise in number of children and girls in school the quality of education for a skilled workforce remains poor, says this report in DW.com ...

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Already vaccination experts at the Baylor College of Medicine cited here say they foresee another wave of the coronavirus in the Southern US because of vaccine skepticism barriers to vaccination, and much of the population not being vaccinated. The percentage of the population in the Carolinas, Georgia, Georgia and Louisiana, that has both doses of vaccine is low. About 50% have had just one dose. In southern states Mississippi and Alabama the vaccination rates are much lower leaving large parts of the population unvaccinated. The widespread presence of the Delta variant in the UK and the R rate being between 1.00 and 1.2 in UK shows that the UK even with higher vaccination rates than the US is still facing a danger of another wave as it reopens.  The ominous aspect of this is that from just over 400,000 the vaccinations per day dropped to 316,000i n the US. This means there will be a period when vaccination drive is stalled while the reopening is fully underway with a new contagious variant twice as contagious as the original coronavirus. This leaves the US at risk of another wave, with the south and western US, younger people who are out more and unvaccinated, more at risk.  ...

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Six European Union states pass Britain, France and Germany in fully vaccinated percentages on August 5, 2021- Belgium, Denmark, Ireland, Spain, Portugal and Malta. Fully vaccinated are very close to 60% in these states. The fully vaccinated person in the EU gets a EU Digital Covid Certificate as shown here. The vaccination drives in Britain, France and Germany have now stalled due to the vaccine hesitant groups. To get some idea of this the second dose was given to 265,000 in France and 165,000 in UK on August 4. In the US southern states vaccination drive never got off to a good start adding to the problem of unvaccinated who are most of the people in new daily cases, leading to a new surge by August 4. France will soon overtake the UK in fully vaccinated percentage, showing that an early start as in UK is not enough. One in three in the UK in the 18-30 years age group has not taken the first shot, which is alarming. The US has a similar problem in the southern states in an aggravated form and also across the US in some form where young people have not taken up vaccination. ...

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As winter approaches pollution reaches dangerous levels in New Delhi causing a public health emergency. Millions of anti-pollution masks are now distributed at schools, colleges, hospitals and local markets. As the weather cools a thick haze from car emissions and coal power plants builds up over New Delhi making it hard to see. The cool weather appears to trap the pollutants in northern India against the Himalayan mountains creating a stifling haze. Construction dust and smoke from paddy crop burned in the Punjab adds to the problem. This year it is getting worse than ever. Pollution levels are about 20 times what is considered healthy by the WHO. The air quality index hit 494 on November 3, 2019. Some parts of the city hit 1000 on the index. Over 500 is considered dangerous and "hazardous" to health. The government of Delhi and the state and federal authorites have taken some action to close schools, ban work at construction sites, implemented odd even license plates rule for cars entering New Delhi. A survey shows about 40% of residents of New Delhi wanted to move to some other city, and 16% want to travel this time of the year to escape pollution. ...

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President Biden meets newly elected South Korean president Yoon Suk-yeol on his visit to South Korea. During the visit Biden also promoted South Korean investments in Texas and Georgia. He visited a Samsung semiconductor plant with the president of Samsung. Samsung is investing billions of dollars $10 billion for a new electric vehicle plant in Savannah, Georgia. By getting American semiconductor and electric car manufacturers to invest heavily in the US president Biden is changing how America invests for regaining technological leadership by 2030. In an effort to get plants to support unions president Biden called for the plants to hire union workers. Biden called by name two Senate contestants in upcoming Georgia elections for their efforts in getting the Hyundai plant that will hire 8000 workers. In contrast to Mr. Trump who lacked a plan or vision for the future Mr. Biden is keenly focused on getting South Korea, Japan and Germany to invest heavily in the US and help restructure the whole supply chain. Where Mr. Trump called for South Korea and other partners to share the defense burden, Mr. Biden is focused on getting American allies to have their large companies invest in American plants and jobs and a new supply chain. ...

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This BBC report shows how much has changed with Germany's erstwhile leaders. From 1998 to 2005 Mr. Gerhard Schroeder was head of the German government. His ties with Russian leaders and Gazprom have led to severe criticism in Germany. He survived an effort this week to remove him from the local chapter of the Social Democrat Party. He now faces a loss of his office and staff and other privileges in the German parliament. The Budget committee of parliament says "he no longer upholds the continuing obligations of his office," says this report. Mr. Schroeder has filed a suit against the German parliament in the Berlin Administrative Court. This BBC report shows how things are changed in 2022- Merkel, Schroeder, Steinmeier and other politicians of the Christian Democrats and Social Democrats face intense public skepticism of their role in a situation where Germany faces a cold winter with gas rationing. It is the Greens with Robert Habeck who are faced with the hard work of finding the energy to meet the shortfall and to build back on renewable energy to fight climate change. Very little was done under the previous administrations it now appears, as the public looks back with regret. ...

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The investigation into behaviour of the head of the Brexit department, and Justice Secretary, British deputy prime minister under Sunak, shows the tense relationship between the British Civil Service and the government. The official investigation by Adam Tolley KC found that Raab branded civil servant's work "utterly useless" and "woeful," says this report in The Guardian. Tolley rejected claims by Conservative MP's that civil servants were "snowflakes" and stressed that he did not find "any lack of resilience" among civil servants who "had many years of experience" working with ministers. What the report shows is that the entire Brexit process, the brusque nature with which one of the finest civil services in the world was handled by Conservatives pushing for Brexit and for other policies of the Conservatives, has led to a crisis in its operations. Much needs to be done to restore a level of confidence that civil servants deserve as part of the long tradition in which the British Civil Service has done much of the ablest work of the government of the British Isles over decades going back to the nineteenth century. ...

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As George Osborne of the Tories once pointed out China does not want to be thought of as a sweat shop on the Pearl River. And particularly not in a British attitude. How hard does China work is a question Tom Phillips tried to answer Oct 6, 2015 from Beijing for The Guardian. The migrant workers are the ones who work the hardest. And productivity is low. Among the higher classes there are longer hours with the work pressures, family obligations and long work hours leading to insomnia, fatigue, obesity, and ill health conditions. A comparison shows Britons working 1677 hours on average according to the OECD. The average Chinese worker is shown to work 2000 hours, by a researcher at Beijing Normal University. A labor economist in Beijing says as the economy improves and working conditions get better workers are working fewer hours every year. He says China lags behind in productivity. The longer working hours he says are not good for worker's health and for productivity. This was said in 2015 when China was still chasing GDP growth without the level of technology the US and Europe had. Now the focus has shifted to better quality growth in advanced technologies and old factories closed. ...

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Special Counsel Miller who conducted the long investigation into the president's conduct during the election campaign protests that the 4 page report of Attorney General Barr does not reflect the findings of the investigation. Mueller wrote to Barr in a letter that "The summary letter the Department and released to the public in the afternoon of March 24 did not fully capture the context, nature and substance of this Office's work and conclusions." Because Barr's summary in 4 pages was meant to preclude Congress from arriving at its own conclusions Mr. Mueller's comments are significant. The House of Representatives is questioning the conduct of Mr.Barr. Mr. Mueller says in his letter that "There is now public confusion about critical aspects of the results of our investigation. This threatens to undermine a central purpose for which the Department appointed the Special Counsel: to assure full public confidence in the outcome of the investigations." Mr. Barr calls the letter "snitty." Congress plans to subpoena Mr. Barr as he has turned down appearing before the House of Representatives, leading to a subpoena and a showdown with Congress.     ...

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These simulations show the  importance of flattening the curve for coronavirus especially the steep jump in the curve when it grows exponentially as people mingle in crowded environments, on trains and subways, and in public gatherings of more than 10 people. This is shown here in four different simulations in the Washington Post. Social distancing and quarantine worked in China, Taiwan, Singapore and South Korea. Though the attempted quarantine simulation here does not cover the situations in China, Taiwan and Singapore where quarantine has worked and was the only way to tackle the coronavirus in time to do least damage. Additional simulations would show the way it was limited in Singapore through contact tracing and mandated staying at home for all who have come in contact with affected persons. And in South Korea a simulation could show how this worked through containment by testing and limiting spread, or China by an effective quarantine or lockdown of a city or province.  The basic idea is to limit contact and separate so that intermingling is restricted to as few places as possible for a limited period during which health authorites can achieve a controlled situation through systemwide organized efforts.  ...

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Kamala Harris made remarkable progress in her handling of Central America (Guatemala, San Salvador and Nicaragua) during her assignment of tackling the problems in this region that were leading to high migration. A drought had hit agricultural regions in Guatemala adding to the surge at the time.  Here is how Harris tackled the problems of the economy, food, poverty, lack of jobs and migration from Guatemala. Harris increased investment in the region getting private and government sources in the US to invest $5 billion in the region. 250,000 jobs were created from this effort with loans from IDFC and US AID and State Department. Northern Central America was facing a hunger crisis and it was Harris who pulled together $300 million in emergency humanitarian assistance. Harris held corrupt leaders to account. Anti-corruption candidate Arevalo was elected president of Guatemala in 2023 through her efforts to ensure the rule of law and democracy are respected after the chaos of the Trump years. Joint taskforce Alpha was set up combining efforts of 3 US agencies to conduct countersmuggling operations.    ...

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This is the story of Jackie Robinson who ended segregation in American baseball in 1947. This was a turning point for the US during the Truman administration as the first moves to end segregation were beginning that would be heard during the Kennedy administration. Jerry Brewer describes the Robinson of the 1950's as he became a baseball icon and gave new hope to a new generation of Americans in the post war period. His son David says baseball was Jackie Robinson's way of creating opportunity in America and he did this in a relaxed way, holding back emotions, and keeping his smile against adversity. His wife Rachel 104 years is interviewed in this story and shows the same resilient spirit throughout her life. Brewer writes that Jackie Robinson's is a struggle that goes on, that nostalgia makes understanding difficult obscuring the struggles that got us to this point, and creating an idea that the bad stuff was handled long ago and is no longer there, that problems are exaggerated and society has advanced. Progress he writes is neither adequate or permanent, every generation has to learn and educate itself and share this with fellow citizens in its midst. ...

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Akio Toyoda, CEO of Toyota may be out of step with the times. As other companies move forward in leaps in developing electric vehicles, Toyota moves slowly and deliberately. Now he is stepping back and Toyoda who is 66 years old is giving the CEO position to 53 year old engineer Koji Sato. When it comes to digitization, electrification and connectivity, Toyoda says that he belongs to an older generation and he wants the younger generation to decide what future mobility will look like.  Toyota under Akio Toyoda has concentrated on hybrids and plug in hybrids which make up about 30% of global sales. Toyota has fallen so far behind in Ev vehicles that it is not even in the top ten car companies making EV's in the US. Its belief was that from an emissions standpoint hybrids do just as well as EV vehicles. By 2035 only zero emission vehicles will be allowed in the EU. In California this includes plug in hybrids only by 2035. Toyota is now making a U turn after studying Tesla's approach and using a new platform dedicated to EV's and set a goal of 3.5 million EV vehicles by 2030.   ...

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Readers critique the Wash. Post on its coverage of 2024, 2024-2028 policies and vision, and president Biden. They ask is the Post itself turning into social media with crass titles and misleading coverage? The Post itself says it is in the subtitle sometimes patting sometimes stabbing. One reader says on the different reporters coverage of Biden after the NATO Summit that it was nothing more than a dogpile, that it is not what he reads the Post for. One obvious question for the Post is with all the passion you show on climate change action, is the absence of climate action for 4 years, and exactly the opposite its exacerbation not likely to impose a huge cost in 2028 for the American people of upwards of a trillion dollars to correct? Is the Post listening or just another billionaire run organization running against the instincts of Carl Sandburg- the author of the Lincoln biographies found even in the libraries of Asia forgotten in the US-  who wrote the famous poem of the nineteen sixties "The People, Yes." Lincoln, TR, Wilson, FDR, Truman, Kennedy are completely erased or forgotten for their policies, their wisdom and their zeal for America. ...

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The Nation as a whole falls behind other nations, and becomes weaker as a result of children being asked to absorb learning on empty stomachs or inadequate nutrition. This is one of the major advances of modern civilization and which differentiated Europe and the US from Asian countries. It is now reversed as Europe and the US are cutting back while India and other Asian countries are backing free School lunches. India has gone one step ahead to destroy centuries of malnutrition for children and families backed a plan that provides free and subsidized grain, vegetables to every household of 1.2 billion people. The starvation and malnutrition are seen in India as a stigma that Europeans and Americans had about India an how they looked down upon India for sanitation and malnutrition. These are twin enemies in India and China for a reason both because of health of children and seen as a ticket to oppression by foreigners who ruled parts of India and China for centuries. One of the most remarkable achievements in school lunches that changed the face of Madras State (Tamilnadu) is the free lunch program for children in teh 1950's and 1960's under Tamil chief minister Kamaraj. ...

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 Angela Rayner of Labour in the UK government made labour rights a core part of what she wants to see achieved. This was an idea conceived in 2021 when Labour was in the Opposition, the idea of setting down key labor rights that don't get watered down. This includes restrictions on zero-hours contracts, giving employees full rights from “day one” of their employment, and ending the way companies fired workers then rehired them on lower pay and benefits. Over the last 3 decades since Thatcher and Reagan worker rights have been watered down by employers and successive administrations of Conservatives as well as Labour in UK and Republicans as well as Democrats in US watched it happen doing nothing. As a result a culture of impunity with worker rights developed which have led to the shift of workers out of the Labour party in Britain and Democratic party in the US. This coincided with the neglect of rural areas and farmers by Labour and Democrats creating the unimaginable situation for a Wilson or a JFK in the 1960's where labor was no longer a core part of who Labour in UK or Democrats in US were about. ...

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Offenders as young as 12-15 years are charged in the UK riots. On judge tells youth who was involved in disorder in Manchester, then a few days later throwing stones at police in Rotherham, was told by the judge at Manchester magistrate's court- “You are the first person I have dealt with to have been involved in two. It’s time to stop letting your mum down now. You are to do one thing – do as you’re told.” Online offenders are also charged. Janet Potter, deputy chief crown prosecutor for CPS North West, said: “This conviction should be a stark reminder to so-called keyboard warriors: online actions have consequences.” One offender 53 years was jailed for 15 months for a Facebook comment inciting disorder. Persons posting TikTok videos  that incited unrest were also charged.  The oldest rioter a 69 year old first time offender got 2 years and 8 months for joining the riots in Liverpool. Even not participating n a riot but in taking a computer monitor from a burnt out library in Liverpool as for one 22 year old,  the judge's response was for stiff sentences. ...

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The high risk of failure as the U.S. withdraws from Afghanistan in 2012-2013. The U.S. is handing over to an Afghan Army that faces a high desertion rate, high turnover, and uncertain loyalties. The turnover is so high that the Afghan Army has to replace a third of the 195,000 army every year. The problems from the corruption in the Karzai government, the flawed elections, and other issues have not been resolved, leaving a fragile government and a fragile army and police force as the U.S. withdraws. A decade of sacrifices in resources, lives and wounded, is at risk. A negotiated settlement in talks with the Taliban has not moved forward to create a post U.S. withdrawal Afghan government that brings in all parties. The untimely death of American diplomat Holbrooke who set up the accord that made peace in the Balkans, and the failure to get results at the talks only leaves the whole U.S. project at risk.

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Nickel cadmium batteries - this year 2008 the European Union is banning the sale of all nickel cadmium batteries. Question is why is the US not banning them. And why are companies like Energizer, Duracell, P&G, Mattel, Toys R Us and Walmart still buying them? Why is Panasonic making them? A toy costs $1.50 less to make using nickel cadmium batteries. Are parents aware of what it does to workers making them? Are plants safe in developing countries especially in corruption prone coercive environments like the one in factories in China? Some of the owners of such factories are in Hong Kong, Hong Kong based companies, are they aware enough of the risks and the ethics of doing is? This story is of an engineer who was exposed to factory conditions in a company GP that was supposed to be a good company to work for, and few knew about the effects of cadmium in the year 1995 when she joined. The Panasonic factory is in Wuxi which is not in some remote part of China. And note this about 10% of China's arable land is contaminated with heavy metals such as cadmium according to China's own State Environmental Protection Agency, and the metals are entering China's food supply. 12 studies have shown unsafe level of cadmium in fruits and vegetables. Is this a necessary price of industrialization or is it possible to find a way thats better- a challenge for countries like India. Can there be better protection of workers and still have industrialization? Wouldn't it make sense that a motivated well treated work force will perform better in better working conditions. Aren't there costs involved for workers and owners of such plants. Owners also bear costs, bad press, medical payments, workers leave and good workers are hard to find in the wave of bad publicity and health risks, customers in the west refuse to buy the product, the company's brand name is tarnished forever, as would happen for GP in this case. The coercive patterns of using police to suppress publicity for a Hong Kong Company shows owners in Hong Kong have the same disregard for worker rights, even when living in an area that one hears talk about democratic rights. See the link to chemical spills contaminating a river in China also by a Hong Kong based company. ...