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Coronavirus impact on economy- over 10% second quarter GDP decline in Europe
08/01/2020
Linked Articles
Coronavirus leads to record drop in German GDP | DW | 30.07.2020
DW.COM 07/30/2020
Eurozone GDP drops 12.1% in record pandemic plunge | DW | 31.07.2020DW.COM 07/31/2020
Breakthrough in vaccine for coronavirus - Astra Zeneca, Serum Institute and the Oxford Vaccine
06/05/2020
Serum Institute of India plans to manufacture 400 million doses of the Oxford vaccine by December 2020, in alliance with Oxford University and Astra Zeneca of UK.
Linked Articles
Drugs firm to begin making potential virus vaccine
BBC News 06/05/2020
How One Indian Company Could Be World's Door to a COVID-19 VaccineNYTimes.com 06/04/2020
How the WHO failed as early warning system in the coronavirus after being a model during the leadership of Dr. Brundtland in 2003 SARS
05/21/2020
The contrast could not be greater between the World Health Organization today and the WHO under Dr. Gro Harlem Brundtland, a three time prime minister of Norway between 1981 and 1996 with great experience and a record of handling difficult issues of climate change and sustainable development.
Linked Articles
A Failed Deception: The Early Days of the Coronavirus Outbreak in Wuhan - DER SPIEGEL
SPIEGEL ONLINE 05/20/2020
‘The only way forward for WHO is...’: Full text of Trump’s letter to WHO chiefHindustan Times 05/19/2020
How underreporting of coronavirus in China and the U.S. led to a false sense of security in U.S., unpreparedness, till it was too late
05/09/2020
Linked Articles
Millions of coronavirus infections left undetected worldwide – study | DW | 08.04.2020
DW.COM 04/08/2020
Travel From New York City Seeded Wave of U.S. OutbreaksNYTimes.com 05/07/2020
A Tale of Two Italian Cities - Bergamo, Lombardy and Vo, Veneto- In the time of Coronavirus
04/12/2020
Bergamo in Lombardy, northern Italy, did not heed the warnings calling for strict quarantines, Vo in Veneto region did contact tracing and strict quarantines. This made all the difference. Bergamo turned into a disaster, Vo recovered quickly. Vo is 85 miles to the east of Bergamo. This is a warning to cities around the world, act late and without strict quarantine or lockdown and there is a huge disaster looming from the coronavirus spreading quickly, because it is in the words of Dr Birx "very, very contagious."
Linked Articles
Italy’s Slow Progress in Fighting Coronavirus Is a Warning to West
WSJ 03/27/2020
A tale of two provinces: mistakes that fuelled Italy’s coronavirus outbreakThe Times 03/26/2020
Eliud Kipchoge and Roger Bannister - contrasts and the running style
10/13/2019
Kipchoge's entire focus is on running in 2019 with the world watching and the richest man in Britain heading company Ineos backing him. Bannister is only shown later on BBC and is focussed on completing his medical studies, with no major financial supporter.
Linked Articles
The barrier broken on salad and spikes
The Times 10/13/2019
London Marathon 2019: Eliud Kipchoge on freedom, simplicity & power of the mindBBC Sport 04/26/2019
Do tax cut benefits go mainly to the 10% of Americans who own 84% of the stocks- evidence of corporate buybacks vs increasing wages/new capital investment for growth to help the middle class
03/01/2018
Linked Articles
Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts
WSJ 03/01/2018
Tax Cuts Benefit the Ultra Rich, but Not the Merely RichThe New York Times 12/19/2017
China's Jinping and Germany's Merkel warning about dangers of protectionism to world trade
01/17/2017
Germany and China take the lead to defend the world trading system following protectionist views expressed by U.S. president elect Trump.
Linked Articles
Xi Jinping signals China will champion free trade if Trump builds barriers
The Guardian 01/17/2017
Germany's Merkel to warn Trump about dangers of protectionism | News | DW.COM | 14.01.2017DW.COM 01/14/2017
Chancellor Merkel and listening to German public opinion reflected in state elections of 2016
09/20/2016
Here we argue that contrary to general media coverage in the NYT, WSJ, Economist, and German media, a year from now Merkel may be seen more positively. This is because Merkel has always listened to public opinion carefully, and has told the German public frankly what happened- that she and the German government were caught unprepared in the refugee crisis that came up in summer 2015.
Linked Articles
German politics is turning into a six-party system
The Economist 09/19/2016
Opinion: Berlin, capital of mediocrity | Opinion | DW.COM | 19.09.2016DW.COM 09/19/2016
Brazil's 2016 Summer Olympics- indifference and anger of ordinary Brazilians that the $12 billion was not invested in improving public services, infrastructure, healthcare and education
08/04/2016
Linked Articles
A Chastened Brazil Welcomes Its Summer Games
WSJ 08/04/2016
Brazil’s Other Olympic Spirits: Anger, Anxiety and IndifferenceThe New York Times 08/04/2016
An extended period of low oil prices expected in December 2015 as Saudis and other producers plan no changes to production
12/07/2015
Linked Articles
As Oil Keeps Falling, Nobody Is Blinking
Wall Street Journal 12/07/2015
Oil Prices Plunge 5% After OPEC Stands PatNew York Times 12/07/2015
2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.
09/09/2015
The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.
Linked Articles
Wall Street Journal 09/10/2015
Jeb Bush Tax Plan Makes Forays Into PopulismNew York Times 09/09/2015
Hillary Clinton's plan to change the way the capital gains tax works to encourage long term investors
07/27/2015
Under Hillary Clinton's plan the lower rates for capital gains tax would be introduced with a sliding scale at the highest tax bracket of 39.6%, with the rate gradually declining in year 4, and the rate not reaching the current rate of 23.6% (20% plus a 3.6% surcharge) till year 6 following the investment. Clinton calls it a way to restrain "quarterly capitalism," disincentivize "cut and run shareholders," and incentivize investors "to build companies." One unintended effect of this could also be the shift away from investments that do not support improving productivity levels, to investments that have a longer horizon and have a material effect on productivity growth. Especially considering the low productivity growth improvements in the last decade, as productivity growth will be needed to break out of a period of stagnant wages.
Linked Articles
Wall Street Journal 07/29/2015
Hillary Clinton Aim Is to Thwart Quick Buck on Wall StreetNew York Times 07/27/2015
Jurgen Klopp and the building up of a team to lead world soccer
06/26/2020
Linked Articles
The inside story of how Liverpool won first title in 30 years
The Times 06/26/2020
After 30 years of hurt, Liverpool finally crowned championsThe Times 06/26/2020
Twitter's short form of 140 characters, the iphone, and the tech platforms building on the declining cultural and other literacy in America, Europe, other countries
05/28/2020
Twitter founder Jack Dorsey's regrets on what he sees as the lack of any depth in the short form that works well on mobile phones. The first smartphones came in 2007 and 2008 iphone and android versions, Twitter started in 2006, both growing at the same time, the story of a tech boom that is paralleled by declining cultural and other literacy in America. It also parallels the decline in sense of what is in the national interest among communities in America and Europe and in other countries, leaving them with fewer defences against the coronavirus pandemic by 2020.
Linked Articles
Opinion | A Presidential Smear
WSJ 05/26/2020
A Founder of Twitter Goes LongNYTimes.com 11/09/2013
What Bill Gates and France had in common in the fight for health preparedness
05/11/2020
France had learned lessons from SARS epidemic and prepared for the H1N1 epidemic at the time that Bill Gates of Microsoft was pushing for greater awareness of public health priorities. Today Gates says this was not enough, that he did not do enough and feels terrible about it. The irresponsible banking practices that caused the financial crises first in the global financial crisis of 2009 and then in the eurozone financial crisis that followed by 2011 led to the ditching of the pandemic preparedness effort in France and Britain. In all of the western world including the U.S. austerity practices were the response without addressing the root causes of financial crises. Investments in public services and infrastructure were neglected leading to a level of unpreparedness that is shocking. Countries in lesser developed countries with more consciousness of the importance of public services and care of the vast majority of people were better protected in the crisis as a result than the more developed countries.
Linked Articles
WSJ 05/11/2020
Pandemic disarmament: Why France was ready for Covid-19 a decade too soonFrance 24 05/17/2020
How underreporting of coronavirus in China and in U.S. led to a false sense of security and unpreparedness
05/09/2020
The databases failed to be anywhere near the true estimates of infected people, researchers and experts say, and western nations lack of experience with such a virus led to complacency, unpreparedness, till it was too late.
Linked Articles
How a Johns Hopkins Professor and Her Chinese Students Tracked Coronavirus
WSJ 05/09/2020
Travel From New York City Seeded Wave of U.S. OutbreaksNYTimes.com 05/07/2020
Britain's Labour Party's struggle to find its soul
11/14/2019
A month before the December 2019 general election Britain's Labour Party struggles to find a connection to its working class and middle class heartland.
Linked Articles
Frank Dobson’s death is a reminder of Labour’s decay
The Times 11/14/2019
Robert Crampton’s election road trip: Labour finds hostility in its heartlandThe Times 11/14/2019
The shift away from coal in China and the Rest of the World excluding India
06/15/2018
Linked Articles
Coal isn’t safe even its two big growth markets – India and China | Opinion
https://www.hindustantimes.com/ 06/15/2018
Fading Coal Industry in China May Offer Chance to Aid ClimateNew York Times 09/21/2015
New York Times reporter Schmidt's interview with U.S. president Trump in December 2017- the idea of "absolute rights" over the U.S. Justice Department
12/29/2017
Linked Articles
Opinion | A storm is gathering
Washington Post 12/29/2017
Analysis | 11 curious quotes from Trump’s New York Times interviewWashington Post 12/29/2017
Chancellor Merkel and the events at Budapest Kelesti Station in early Sept 2015 that gave the German government only a few hours to act
09/21/2016
Linked Articles
What happens next | ZEIT ONLINE
ZEIT ONLINE 08/30/2016
Merkel Accepts Responsibility for Party’s Losses in Berlin ElectionThe New York Times 09/19/2016
The 1976 Montreal Olympics, the 2004 Athens Olympics, the 2014 Sochi Olympics and the Rio Olympics- decades long debt hangovers and costs growing from the $1+ billion in Montreal to $50+ billion in Sochi
08/24/2016
Developing and developed countries alike have seen the cost of the Olympics as a huge burden. Many countries or cities that committed to hosting the Olympic games during boom years were facing economic hard times by the time of the games. Corruption and mismanagement of public funds, overspending and cost overruns added to the problems. Citizens uproar caused cities such as Boston and Oslo to withdraw bids for the Olympics. The Olympics appears to be a costly way to show off a country, and raises questions about better allocation of funds in other directions, especially when upward mobility is a problem for the middle and working class, countries have other infrastructure needs, and neglected basic needs in education, healthcare, public services.
Linked Articles
The 40-year hangover: how the 1976 Olympics nearly broke Montreal
The Guardian 07/06/2016
Rio Games Highlight Problems With the Olympic ModelThe New York Times 08/23/2016
Donald Trump's proposed ban on Muslims entering the U.S. "till we know what is going on," following the Sn Bernardino terrorist attack in Dec. 2015
12/08/2015
Linked Articles
Donald Trump Calls for Ban on Muslim Entry Into U.S.
Wall Street Journal 12/08/2015
Along with Trump’s rhetoric, the stakes for 2016 have risen dramatically - The Washington PostWashington Post 12/09/2015
Pope Francis's roots in Buenos Aires, Argentina, and the message of humility, a humbler Church and concern for the poor, that resonate in the U.S. and around the world
09/18/2015
Linked Articles
A Humble Pope, Challenging the World
New York Times 09/18/2015
Poll: Americans widely admire Pope Francis, but his church less so - The Washington PostWashington Post 09/20/2015
The devaluation of the yuan in August 2015 as China responds to lower exports, the appreciation of the euro and the yen, and the U.S. Federal Reserve's plan to raise rates
08/12/2015
China's currency appreciated 9.2% against the euro and 57% against the Japanese yen with its soft peg to the dollar in 2013-2015. The 8.3% decline in China's exports for July 2015 over the prior year led to the policy action to devalue the Chinese currency, the yuan on August 11, 2015.
Linked Articles
China is trying to save its economy with a cheaper currency - The Washington Post
Washington Post 08/12/2015
China’s Devaluation GambitWall Street Journal 08/12/2015
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