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The lack of vaccine supplies is affecting countries such as the Philippines, Bangladesh, Brazil and Mexico as cases rise. Porto Alegre and Manila are being hit particularly hard.

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Climate change and increase in carbon dioxide in planetary atmosphere can increase hay fever, asthma and allergy symptoms by 60%. Experts discuss the implications for forecasting weather patterns and pollen count.

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With new apartment construction rents are decreasing in the US after reaching new highs.

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A retired librarian from California has made her home in Oaxaca in the mountains oof southern Mexico with a large indigenous population. Here she writes in WSJ about life in one of the less developed parts of Mexico.

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The U.S. oil sanctions on Iran reduce flows of Iranian oil and create the possibility of conflict in the Straits of Hormuz where oil tankers carry supplies from Middle East producers to other countries. The sanctions lead to the unwinding of the nuclear deal Iran negotiated with the Obama administration. Another sign of how a change in administration leads to a reversal of policies and continued involvement of the U.S. in the region in different and unpredictable ways.

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The story of how Jurgen Klopp took Liverpool to the Champions League and Premier League titles in 2020. For all the illusion that the titles were a procession Liverpool started out with problematic losses to Dortmund, Seville, Napoli. It was the hard work and rigorous practice, self discipline, and renewal, the always focussing on the next step and how to do better regardless of how things look- this has helped Klopp get the team to where it is in world soccer. Continuous improvement setting your own bar of what it is to be to do the work right. In a small town overlooking Lake Geneva soccer practice takes place every day at 7 am, 11 am, 5 pm, in preseason. No distractions, no commercial obligations. Only the coach, players, and staff. Steudtner, German surfer invited by Klopp helped the team cool down in training by focussing underwater on happier places, taking a lot of the stress off the minds of the players. Hold for 30, 40, 60 seconds. Soon everyone could do it. The aim to cool down each player's mindset. A form of meditation. ...

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All sides had to make concessions to reach a new agreement on a restructuring of Greece's debt, and new terms for loans to Ireland and Portugal. The agreement was reached after negotiations between France, Germany, the ECB, and eurozone countries with a declaration issued on July 21, 2011. The powers and financing of the European Financial Stability Facility (EFSF) were expanded to be the main mechanism for channeling EU funding to reduce the burden of Greece's debt. Germany will provide new funding and be open to additional commitments, something German chancellor Angela Merkel had resisted since the beginning of the crisis in 2010. Earlier funding had come with high interest rates and only when the situation had reached a crisis, with Germany insisting on the punitive rates and conditions as a way to discourage countries from taking advantage of cheap borrowing. In exchange for commitment of German funds Ms Merkel had insisted that banks and private creditors share in the losses. Private bondholders resisted but finally agreed to take a loss of 20% of principal on a small portion of the bonds. Their larger concession was to take lower interest rates and extend the maturities to 15 years and 30 years on new bonds which are guaranteed by the EU. The specific terms of the agreement are as follows: The EFSF and the IMF will lend Greece 109 billion euros over 3 years at 3.5%. Private creditors including German and French banks will "voluntarily" turn in their old bonds for new ones that mature over 15-30 year periods. These new bonds include 15 and 30 year Greek bonds with varying coupons. Some of the bonds would have a 20% discount on principal. EU leaders say the private sector contribution amounts to 37 billion euros through 2014 and 106 billion euros through 2019. Another part of the program is for the EFSF to buy back some of the Greek bonds on the secondary markets, which would mean Greece would now owe a smaller amount to the EFSF on these bonds. The EFSF will now have additional financial support from Germany and other EU countries and be authorized to provide aid to countries before a crisis situation arises. It would also have power to buy Greek bonds at prices on secondary markets to reduce the Greek debt burden. Ireland and Portugal are also assisted in the agreement. The interest rate for EU aid to Ireland and Portugal is taken down to 3.5%. Ireland is paying about 6% on the EU portion of its 67.5 billon euros bailout and efforts to reduce the rate were resisted earlier. The main theme behind these concessions and provisions is to give Greece, (and Ireland and Portugal) a chance to grow. High interest rates came under strong criticism because it only increased the size of the debt burden of these countries with a shrinking economy and high unemployment. The failure to come together behind a broad and sensible agreement with all parties making serious concessions, the EU, the ECB and the political leadership in these countries especially Greece, was undermining confidence in the euro and the eurozone itself. By mid-July Italy and Spain were feeling the effects of contagion in the financial markets, U.S. debt ceiling negotiations were unsettling global financial markets, the pressure was intense to come up with the workable agreement achieved on July 21, 2011. ...

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U.S. Fed chairwoman Yellen moves cautiously to raise rates in December 2015. The Fed raises the benchmark federal funds rate-its overnight lending rate- from near zero to between 0.25% and 0.5%. Yellen emphasized her cautious approach by saying "we have very low rates and we have made a very small move." This follows seven years of near zero rates after the QE program for monetary easing under Ben Bernanke, the previous chairman, following the 2008 financial crisis. The Fed plans to raise rates gradually and slowly over 3 years. With oil prices falling below $35 the prospect that inflation may fall well below the 2% target could put off further plans to raise rates. Yellen said the Fed would "monitor inflation very carefully," and if it remained at unexpectedly low levels the Fed would reconsider its outlook and respond with "appropriate policy."

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Le Monde France celebrates 80 years 1944-2024.

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Spain heads back to elections after the Socialist party fails to come to an agreement with the centre right Ciudadanos party or the centre left Podemos party.