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After many banks and financial companies did not admit wrongdoing in the last two decades even after huge losses to families and working class communities from financial activities, the SEC may finally be asking the right questions after president Biden's democracy summit. Democracy can be damaged as much from inside by impunity for wrongdoing as it is from outside by failed states and authoritarian states. President Biden's initiative in getting together countries was to think of new initiatives as the lessons for democracy have to be relearned by every new generation anew.  The appointment of Mr. Gurbir Grewal can only be seen in this light as Mr. Biden's initiative for democratic processes that work for families and American workers. Gurbir Grewal who takes the top job of making the correction America needs is straightforward about malefactors in finance and banking- "We can't arrest them. We can get them out of the industry." Gurbir Grewal is the the new director of the SEC's enforcement program after serving in difficult jobs in New Jersey and NY state, first as prosecutor and then as Attorney General of New Jersey.  Democracy can be shattered as much by hate crimes as by financial crimes. Either way families and working class families in the US are affected, as are minorities and the less well off sections of the community affecting the credibility of the commitment of the well off to honest governance and to fairness. This credibility was severely damaged in the 2009 financial crisis and the situation continues to this day. To understand first hand by being in the shoes of families and workers, minorities and the less well off, gives Gurbir Grewal the courage to take on this job. He told the New York City Bar Association that Americans have grown cynical about how business and government agencies interact- "the perception that we, the regulators, are failing to hold them appropriately accountable, or worse still, the belief by some that there are two sets of rules."  Mr. Biden can see that if anything can make democratic processes lose even more credibility with the people is when new administrations fail to act. Mr. Obama and particularly Mr. Trump raised the issue of revolving door between government agencies and the finance industries, more recently Tech, yet strong action on wrongdoing was missing leading to a loss of faith in democratic processes working for families and workers in the US. The result is weakening the fabric of society from within just as mounting national security challenges grow for the US from outside in in its industrial competitiveness, and its technological leadership, something that affects all Americans and America's allies overseas in Asia, Africa and Latin America.   ...

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Intense devotion to a few high priority tasks gets better results and is a way to work smarter, says Hansen in WSJ. Research shows high achievement comes from being more focused in what you do by selecting the tasks that are most critical and concentrating the most attention on these tasks to get it right. Merely working long hours no matter how talented you are is not the best way to get things done. Having clutter actually hurts a presentation and one slide can get more accomplished because it is the critical one to present. 

Getting things done means often doing less, being selective, and instead of longer hours simplifying to get what really matters most done.

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This report about 996, referring to nine am to nine pm 6 workdays a week, shows it is becoming highly unpopular among tech workers in China, as tech companies slash jobs and workers work longer hours. A campaign on GitHub a code sharing platform is called 996/ICU speaks of such gruelling hours as the way to end up in the ICU. It got 250,000 positive user comments.

This type of work at tech companies is leading to fatigue, chronic illness, stress and lack of any free time to think or even exercize, leading to health problems. Yet some company CEO's push 996 against the mounting evidence that this is not the best for employees and can lead to por producivity. Recent studies about the cities such as Mumbai, India, or Tokyo, Japan, show productivity is a fraction of the productivity in many European countries working normal hours. Mumbai vs. Dublin for example. Dublin has a lot higher productivity.

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This report in the NYT shows how climate change is changing the way farmers grow grow farm fruits, vegetables and grain, from chickpeas in Montana to raspberries in New York state, cherries in Michigan, blueberries in Maine.

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The iPhone 7 does not have any exceptional new features- just small improvements over iPhone 6 that were expected. This is what reviewers think. Over the years Apple set a high bar for its product innovations, now this is slowing and big changes are coming much slower. It is seen as a time when expectations for Apple may need to be reset. This is not unusual and does not mean this is a big problem for Apple, as the products still work very well, and all the products sync well,  says this reviewer.

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“I would advise none of the countries to panic. I wouldn’t try to retaliate because as long as you don’t retaliate, this is the high end of the number.” This is the ceiling number Bessent told countries around the world about the Rose Garden Tariffs chart of April 2, 2025. Just don't retaliate and negotiations would work things out. Bessent said some countries say they would work with China. I have this to say to Spain about China, he said, it is like someone with brooms and a bucket of water, it keeps on going, production never stops, that is the Chinese model. What Bessent is saying is that the Chinese model is to keep doing what they have always done non stop with no intention to change- build capacity, overcapacity, and ship production overseas to saturate markets with production and destroy industrial base of other countries- from computers to solar panels to electric cars. China is also looking at it's very recent history just the last 15 years as proof of its superiority in cost and quality and efficiency in production as evidence that US and EU is in decline. Forgetting that this was possible with US assistance and desire to lift the Chinese people out of centuries of poverty. For the 19th and 20th century Britain, the US and Europe were leaders in cost, quality and efficiency. US , India and the EU are coming back using their ingenuity, creativity and talented workers and engineers. ...

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Patrick Buisson, a key Sarkozy adviser, who helped him win the presidential election in 2007, says Marie LePen's chances in the 2017 election are dimmer than people realize. Her Front National is popular in the north of France with working class people who formerly voted in favor of the Communist or Left parties. In the south of France in areas like Nice her niece Marion is popular with people who have social views on the right on abortion, and gay marraige. The problem is reconciling these 2 blocs of voters and the way Le Pen appears to have moderated her views on social issues. The opposing candidate from the Right parties formerly led by Sarkozy is Francois Fillon, actually prime minister for the full term of 5 years under Sarkozy. Fillon's views are closer to the FN voters in the south and opposes gay marraige and abortion, and has a strong foothold with Catholic voters in traditionally Catholic France. It is this split that hurts LePen who had hoped to run against Bordeaux mayor LeJuppe. The left parties are in disarray and likely not to be a factor. Another difference is that the voters in the south of FN do not see it the same way as FN voters in the north on issues of increasing the size of the state. Voters in southern France do not favor increasing the size of the state as Le Pen has promised and opposed by Fillon. Fillon has plans to cut France's large state employees by 600,000. France has a large state owned sector of companies and increasing the work week to 48 hours, reducing the state sector size to help private companies with incentives is seen as a way to increase productivity and grow the economy, plans supported by Fillon. A major problem for Marie LePen is her family name of Le Pen which Buisson says people in France associate with her father Jean LePen, and extremist positions. Buisson thinks Marie LePen will never be able to shake off this image in the second round of the election as she loses some of her right wing Catholic support to Fillon, and fails to attract enough working class voters in the north of France because of the family name. ...

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Xi Jinping's 3 day visit to Russia and his meetings with Mr. Putin. China presents the trip as an effort to start peace talks between Russia and Ukraine based on its proposals. China is also affected by the war in Ukraine as it works against China's recovery from the economic effects of the pandemic. China sees Russia as a partner in what it sees as a multipolar world, yet it is too close to Germany and the European Union, relations which provide it with access to western technology needed for its continuing growth. China does not want to disrupt the relationship with Germany and the European Union over the war in Ukraine.

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Unintended effects of Title 42 law introduced by president Trump which quickly returns migrants crossing the US border with Mexico leading to repeated crossings by the same persons. This leads to a more complicated picture at the border.  About 2 million will have attempted to cross the southern border in 2022 fiscal year. About 22% of crossings involve repeat border crossers.Two thirds of the 182,000 migrants crossing in July 2022 were single individuals. The pandemic hit Mexico and Central America hard and the quicker economic rebound in the US is leading to a surge in migrants looking for work. In addition to Central America asylum seekers come from Cuba and Venezuela with repressive action by regimes. Mexico only takes some of these migrants back. There is also a flow of illegal drugs across the border from Mexico which continues to this day even after the Trump Wall at the border, as most of it comes through official entry points. Both Republican and Democratic administrations have taken action of different kinds yet the problem remains unresolved. ...

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Professor Zoubida Charrouf of Mohamed V University in Rabat, Morocco, with the support of Morocco's Ministry of Agriculture is pushing cooperatives in Morocco that produce Argan oil to increase wages for women. Wages are sometimes as low as $50 a month for the women who work with piles of fruit in the countryside along the Atlantic coast. Many work for below the minimum wage in Morocco. Women do most of this work. Argan trees are native to this part of Morocco and Berber women have the skills for this work.  Argan oil is used in Morocco for dipping bread and a food. In Europe and America. Argan oil is used by the cosmetic industry. A similar situation is faced by people in agriculture in other regions. In Ghana cocoa farmers are faced with precarious prices for cocoa and struggle to make a decent living. In Morocco there is the threat also of industrial production of argan- harvesting and production of argan oil using modern machinery, cutting costs but also depriving these Berber women of a chance to earn a living. How can these different factors be processed in a way that leads to a win-win, fair-fair situation for consumers and producers? ...

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About 60% of Swiss voters in this Sunday's referendum on keeping Covid passes and restrictions in place favor keeping them. The referendum vote is likely to provide $6 billion for increasing nurses pay and benefits, which is a good thing as nurses are exhausted after 2 years of non stop work.  Vaccination rate is 65% of people vaccinated in Switzerland. In the US state of Michigan the vaccination rate is 58%, resulting in a surge in cases. Vaccination rates had stalled in Germany and Switzerland resulting in a surge in cases. New variant from South Africa adds to the problem of the unvaccinated in Europe and the US.

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The $1.8 trillion Biden Families Plan for workers, students and families takes on the unfinished work for the New Deal, says Binyamin Applebaum in the NYT. Women were not out in the workforce in the way they are today under Franklin Delano Roosevelt in the 1930's and US president Biden is making them and childcare a big part of his Families Plan. Women have been hit harder than men during the pandemic shouldering a greater burden of the home and childcare. Healthcare and education are essential for quality of living- never has there been a greater realization of this than today after years of underinvestment in infrastructure and the foundations of democratic society.

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Most of the early reporting on the 1MDB scandal and leakage of state funds was done by the WSJ. The final verdict of the Federal Court is shown here. The WSJ merits the gratitude of hundreds of millions of people in South Asia and South East Asia, in Africa and Latin America for its work on 1MDB, and shows at its heart America's people cares about their future. Malaysian government under Mahathir Mohammad revealed recently Malaysian debt was $251 billion or 1 trillion ringitt. How will this be repaid? The future of countries in Africa or Asia can be wiped out in this way with unsustainable debt through such leakage.

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The UAW added 7000 workers to the 18000 already on strike at Ford, GM, Stellantis.The UAW is making progress in its talks on Stellantis on cost of living adjustments and outsourcing, and says it will spare Stellantis from more walkouts. Stellantis also has the least hourly workers of the three US auto companies. Stellantis has operations in Europe and gets half of its profit outside the US. The UAW is also not stopping work at the largest SUV and pickup truck plants that make the most money for the auto companies. The idea is to do only what is needed to achieve its goals of fair pay and benefits for the auto workers.

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The average age of readers is 59 years and 75% are male for the Wall Street Journal. WSJ has about 3.4 million digital subscriptions. Emma Tucker, editor in chief of the Wall Street Journal says, she doesn't want the Wall Street Journal to become the German car industry of news publishing. She is pushing for changes to bring younger and more diverse readers to the WSJ. Emma Tucker was deputy editor of The Times of London and Editor of The Sunday Times in 2020. Her new role requires managing 1200 journalists compared to 120 in earlier work. Audience data is part of her way of responding to new changes.

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Margarethe Lihotzky of Vienna, Austria, designed the first kitchen designed for the modern age by a woman for women. Ernst May started building homes on industrial scale after World War II for Frankfurt and had Lihotzky design this first kitchen that has stood the test of time. It was designed for the workers who came to the cities for work and for working class people.

After the Second World War Lihotzky played a role in the women's and peace movement and designed apartments and kindergardens. 

This Vienna based architect created the form follows function movement in housing that has remained ever since.

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Ways to complain better and make it work to strengthen relationships, being upfront but in the right way and appreciative of the other person rather than resentful. Try to build understanding, do it at the right moment and after gauging severity. Give people space, opportunity to respond and thank them for listening and giving attention. Aim for honesty, empathy and sincerity for building understanding.  Some patience is helpful. It may surprise you as it leads to growth in a relationship, says this author Joshua Coleman, a Senior Fellow with Council of Contemporary Families.

It applies to children as well as colleagues and couples.

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This WSJ editorial says the Corker-Cardin compromise that requires the U.S. president to submit any nuclear deal with Iran to the U.S. Congress for debate, is the best option for both Democrats and Republicans who are skeptical of such a deal. It says amendments by senators Cruz and Rubio will not be effective. What the Corker-Cardin compromise developed by senators Corker and Cardin of the Foreign Relations Committee accomplishes, is letting the American people through their elected representatives get a full and complete debate on the merits and demerits of the deal. Democrats in the Senate are also concerned about their election chances after Mr. Obama leaves office, and will want to have a fair debate of the pros and cons before voting, says the Journal. This debate will bring more light to the questions that worry critics the most- how will compliance by Iran be secured, and can snapback sanctions work if China, Russia and other European nations go the other way. Congressional review puts a higher level of scrutiny for any agreement before it moves forward. A requirement that the government submit a review every 90 days on compliance to Congress also gives president Obama's successor a chance to reassess the situation....

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When countries bid for the soccer World Cup they promised something different says ESPN- prices six times what they were in the last World Cup were nowhere  in the picture. So what happened and why, what is it doing to a national and cultural event all over America, and what is it doing to the the millions of young people and children who would have loved to go to a game once in their childhood. Is it robbing them of something of value, of the essential experience of growing up? DJT says "I would'nt attend it either" so do millions of die hard soccer fans and children all over the US -it risks making soccer "less representative of the communities that give it value" says Dr Feldman of the University of Virginia School of Business. Feldman has studied dynamic pricing and says this is just the wrong way to price tickets for a popular people's sport to have resale markets for the same ticket. ESPN explains all this in simple terms. It shows a graph with a $60 ticket on face value and what it costs in a resale market on June 1 in multiple locations from Miami to Los Angeles.  In previous World Cups there was no resale market so that ticket would cost $60. Now it costs on June 1 as follows- $447 in LA to $960 in Miami, $678 in Dallas, $455 in Philadelphia, $702 in New York, $468 in Boston and $400 in Seattle. Here is another issue that requires DJT to do some jawboning. The AG's of NY and NJ have filed subpoenas for FIFA to show transparency, which is too little, too late, to millions of young people and children who will have cost of living price them out of one of the precious experiences of childhood of watching their favorite players live, just once while growing up. ...

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Amazing pictures in black and white from another era of the 1950's and 1960's of Indian prime minister Jawaharlal Nehru.  Including a picture of Nehru and Sarvapalli Radhakrishnan the president of India, in cricket caps and holding bats in a cricket match at the National Stadium. Some from the Indian Express archives that you may never have seen before. Taking a walk in the mountains with Edwina Mountbatten of Britain, and holding the Dalai Lama's hand closely as he walks with him. Nehru is remembered for his leadership of post colonial India in 1947 with Sardar Vallabhbhai Patel as deputy prime minister, for his work at the Constituent Assembly drafting India's Constitution, and taking India through its first 15 years and building India's democratic structures through linguistic state creation and border conflicts. His work with leaders like Vallabh Pant, Mohandas Gandhi, Sardar Patel, Sarojini Naidu, Subhash Bose and others in the 1930's laid the ground for the first home rule assemblies under the British and made it possible for India to gain the experience needed to sustain democratic institutions for its first 100 years which come up in 2047. ...

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Pat McFadden is Minister for Inter-Governmental Relations. He says Keir Starmer wants to see migration numbers fall after it was shown that net migration to Britain was 906,000 in 2023. The number of migrants crossing the Channel is reported to reach 20,000 since Keir Starmer became prime minister on July 5, 2024, a period of 5 months. This shows Labour under Starmer is serious about migration and appalled at Conservative administrations not walking the talk. Caps placed under David Cameron to cap at tens of thousands were not followed. "Targets haven’t worked very well. We’ve got things we were saying about this in terms of getting net migration down. I don’t say targets don’t work in any circumstance but numerical targets on migration have not had a happy history in recent years." “But we do want legal migration to come down, we do want to train more of our own workers, we do want to get more people off welfare and into work.” The ebbs and flows of the economy and Britain's needs, culture and integration, always legal migration- this is policy for Britain under Keir Starmer and Labour. ...

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The Economist magazine says the difficult process of Brexit is now being put by Theresa May into the hands of the pro-Brexit ministers, Liam Fox, David Davis and Boris Johnson. Just staffing the Department for Exiting the EU under Davis, and the Department for International Trade under Liam Fox is taking a lot of time. And the differences between Fox and Davis also figure into the time it will take to invoke Article 50. It says the points put forward by Brexiters that Britain could revert to WTO rules do not work so well in practice, and it takes years to negotiate new trade agreements with other countries. It sees many problems, and says it is no wonder that Theresa May has told the Brexiter ministers to come up with answers as they are the ones who have sold this idea to the country.

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Six of seven letters to the NYT shown in this report say that president Biden is right to run for a second term and that age is not a factor considering what he has set out to do. And the potential for American renewal in infrastructure, manufacturing, and reviving communities and towns across America, for a "transformative president." One reader puts it plainly- saying "shame on you" to New York Times, and reminding the New York Times that Mr. Biden has navigated on of the most divisive and difficult times in American history with dignity and good judgement. And asks why so much potential that Mr. Biden now offers should be thrown away just because of an ingrained bias against older people.  Recently columnists and the editorial board of the New York Times, and not just the NYT, the WSJ and others also, have shown this type of bias against older people and a willingness to throw away so much transformative potential that Mr. Biden has shown. Some readers here say it is just the media that has shown this attitude, that the public understands and grasps the opportunities Mr. Biden is creating for America. For Biden too there is a message- that he must truly commit to saving the soul of America and that for this the road is a long and arduous one ahead. ...

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Professor Patterson of Harvard University has some serious observations on what has happened and what could be the way forward in America as it faces the lack of opportunities for a better life for minority communities trapped in cities with a deteriorating quality of life.  Between 1985 and 2000 a higher percentage of black children, about two thirds of black children, grew up in high poverty segregated areas than in the period between 1955 and 1970, according to a Pew Trust study of 2009. This affects everything from social mobility, life chances, potential for downward mobility. Particularly so because by 2016 the gap between black and white incomes has worsened, says professor Patterson. With this segregation has become worse in America at the level of neighborhoods where people actually meet, he says, citing a 2015 paper by Daniel Lichter of Cornell University.  In some ways segregation says Dr. Patterson is worse than in the 1960's. This could be because of downward social and economic mobility. Events such as the mortgage financial crisis of 2009 with bad decisions by the banking industry disproportionately hurt the black and minority communities. The trade imbalance and shift of manufacturing overseas hurt manufacturing jobs for white and black communities. Weakness in education and health services also hurt poorer communities of all races and color. In some ways the work of presidents Harry Truman and Lyndon Johnson in the 50's and 60's may have created more hope and a sense that "a rising tide lifts all boats" in economic opportunities that may have been lost in the work of presidents after Clinton with loss of jobs in manufacturing for ordinary black and white Americans alike. The bad decisions by the banking industry and selling of bad mortgages, worsening health care options with overpricing in the medical field, all compounding the effect on  ordinary Americans. In a separate interview in the Harvard Gazette professor Patterson says de-ghettoization, moving to the suburbs is one way to better opportuntiies in the suburbs. For this to happen more moderate income housing is needed in the suburbs. A cultural change in attitudes comes with a shift to neighborhoods where communities can interact and meet. For this to happen strict zoning laws that prevent moderate income housing in suburbs such as in California and many other states needs to change. As professor Orlando Patterson says here in the Harvard Gazette and in the WSJ more Americans with liberal views need to put their money where their voices are. A stronger economy, education for changes in cultural attitudes in classrooms, cultural literacy, more manufacturing in America to create better middle class wages and jobs for Americans of all communities giving industry a role, and more of the affluent putting their money where their voices are for better integrated living in the suburbs not just for a few, are ways to bring better life for Americans.   ...

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Former Fed chairman Paul Volcker has opinion about the financial crisis that is deeply felt. He wants the wall that separates banks that take in federally insured deposits from the public separated from the risky trading activities of investment banking houses. That would essentially put us back to the situation that existed before Glass Steagall Act of 1933 was revoked in the 1999. The lessons of the thirties apply today. Says Volcker "people say I am old-fashioned and banks can no longer be seaprated from nonbank activity, but that argument brought us back to where we are today." The Obama advisers like Geithner and Summers are close to the bankers- see the links to Geithner and Summers- and believe that extensively regulating the banks would prevent the banks from engaging in risky practices. However as this reporter Louis Uchitelle of the NYT has not pointed out, the problem is that this is more easily said than done. The very fact that there were close ties between Geithner and Summers and the bankers during the Clinton Administration and Geithner as head of the New York Fed under the Bush administration, and the aggressive lobbying by the investment banks like Goldman and others who are now banks to water down any regulation on derivatives trading and on other supervision, can only lead to a situation where neither Volcker's solution or the Obama people's solution is put into effect. THis will only invite another crisis. With the public anger even worse as the bonuses and compensation from trading profits by Goldman and other banks come through cheap money created by the Fed- see links- for the purpose of addressing the financial crisis. Volcker would separate JP Morgan and Bear Stearns trading operations and separate Merrill from BofA, and Goldman would revert from abank holding company to a investment banking house. Volcker believes that the pay on Wall Street "has gotten grotesquely large." Volcker believes that the separation of deposit taking institutions from investment banking would reduce trading profits and consequently automatically reduce these large bonuses. So is Volcker being ignored by the Obama administration, even as his glow helped the Obama people win public support as a better steward of the economy than McCain during the election campaign? During the crisis Volcker headed the president's Economic Recovery Advisory Board. Today he is rarely seen in his Washington office, he talks to administration officials mostly on the phone, at 82 he is not knocking on doors, and the advisory board has been assigned to look at the tax law on overseas corporate profits. Volcker agrees with most of the Obama plan on financial regulation including higher capital requirements and and pay guidelines, but if this is not enacted because of lobbying by bankers then the nation will have the benefit of neither the Volcker Plan or the Obama Plan. ...