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Britain's unemployment rate edged up from 8.1% to 8.3%. Youth unemployment- joblessness among young people ages 16-24- went up to 1.02 million in October 2011, the Office of National Statistics reported. This takes youth unemployment up to 21.9% The ONS says that noncomparable and nonseasonally adjusted data show youth unemployment exceeding one million in 1984, 1985, and 1986.

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Angela Merkel is faced with the problem of getting German public opinion to support the bailout of Greece, Ireland, and then Portugal and next Spain. At the same time she wants to be seen as committed to the euro and the European Union. She is pushing for bondholders to bear a part of the costs of the bailout as part of their responsiblity for decisions they made, so that the German government and taxpayer is not left with the burden. This is not working out well and she is losing public support.

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The IMF commmittment to troubled European economies is large, at $320 billion, 40% of its theoretical financing capacity, and exceeds its role in the 1997 Asian financial crisis. Concern that the IMF is now helping politicians protect the eurozone. And fears that the lack of the option of devaluing currency leaves too much of the burden on cutting spending in the midst of a recession. Deficit reduction in the current situation will take years to happen.

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A former prime minister of Poland for 7 years, Donald Tusk, becomes the president of the European Council in 2014.

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Small farmowners hate to see good fruit and vegetables go to waste just because of odd shape and appearance, even if it is just as nutritious. EU standards across Europe for fruits and vegetables made it difficult to get this farm produce to consumers. EU standards are now being revised, but supermarkets set their own standards and continue to accept fruit and vegetables only with "a slight defect in shape and development." A study by the Dutch and Swedish governments show Europe wastes 89 million tons of food a year and the two governments called on the EU "to reduce the amount of food waste caused by its labeling system." In Portugal as much as a fourth of the fruits and vegetables are at risk of waste because of such rules, according to small farm owners. Ugly Fruit, is a company trying to get this produce to consumers at lower prices in Lisbon. Farmowners say the idea that quality can be measured only by appearance is a mistake, as nutrition levels and flavor can be the same.

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David Axelrod's take on the battle with Republicans on the stimulus package. Axelrod says Washington DC talks to itself and whips itself into a frenzy with its own theories, that are completely at odds with what the rest of America is thinking. Cable TV can be misleading he suggests, and its almost like living in a parallel universe. This happened he says before the Iowa primary, and situations like this ocurred after some of Hillary Clinton's primary wins, and before the election when the Hillary vote was expected to go to McCain. In each situation people counted Obama out, and were living in a parallel universe where they believed what they were saying to the exclusion of everything else.

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Argentina faces soaring inflation of over 70% and interest rates of 75% to rein in inflation. The Washington Post looks at Argentina's problems. Sri Lanka, Pakistan, and Argentina, face severe economic problems as debt servicing takes up most of the budget and high interest rates make development projects difficult. Poverty rate increased from 25% to 40% since 2018 when the debt crisis began. Argentina has spent more time in recession than almost any other nation, according to the World Bank. It has suffered periodic crises and repeated IMF programs since 1956.

It is mainly dependent on exports of grain including soyabeans and dependent on good weather and commodity prices which have fluctuated. Borrowing too much in dollars and economic mismanagement have led to repeated crises, the worst in 2001.

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Drought conditions in Yangtze river and other parts of the country are leading to power curbs for industry so that power can be supplied to homes. This is having and additional impact on industry and the economy after the zero covid lockdown policies. Germany is preparing for a similar situation driven also by the cuts in Russian energy supplies. Around the world the impact of climate change can be felt in different ways leading to an impact on industry and homes, calling for more conservation and efficient use of water and energy supplies. In France the drought means there is less water from rivers to cool the nuclear reactors limiting the amount of energy produced. Areas that depend on hydroelectric energy in Europe are affected by low levels of rivers.

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The connections between president Zuma and the Gupta family with its controlling interests in the media, mining and other industries, are widely seen as a problem for the president. The move to invest in nuclear plants by the Zuma administration was opposed by the finance minister leading to his resignation. Here DW.com looks at the Gupta family- businessmen from Uttar Pradesh, India who arrived in the 1990's and started with a small computer business which expanded into mining and media. The connections have affected the credibility of the Zuma administration, leading to the decision by the president not to run again for election. A no confidence motion this time under secret ballot is being passed for the second time in parliament in August 2017.

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Brexit Leave was only supported by a minority of Northern Ireland voters, only 44%. British prime minister May insists that the open borders established through the 1998 Good Friday Agreement will be maintained between Northern Ireland and Ireland. May met with Northern Ireland's leader, Martin McGuiness, following a meeting with Scotland's SNP leader Nicola Sturgeon, to assure other parts of the UK that opposed "Leave" that their views will be respected. May says the union is very important to her, and says about the  border- "We had a common travel area between the UK and the Republic of Ireland many years before either country was a member of the European Union. Nobody wants to return to the borders of the past."

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FDA's approach to Eli Lilly's drug Prasgrel which is more effective than Plavix for preventing heart attacks but can lead to fatal bleeding in some patients. The other side of the picture is that 30% of patients are not suited for Plavix, and these patients could have an alternative. In weighing the risks and the benefits, and of letting some patients who may be suited to Prasugrel have access to the drug, the FDA has to find the right approach. An FDA panel was set to recommend whether to approve the drug and under what conditions.

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More flexiblity from Secretary Paulson as Senate leaders on a bipartisan basis get restless about the lack of Chinese action on their currency to help reduce the US trade deficit and protect US jobs and manufacturing. One of the arguments they will manufacture elsewhere samer goods imported from Chia may not hold because places like India and Vietnasm have weak infrastructure and are just now getting started so its difficult for them to replace Chinese goods in the very near term. The other point mentioned here is that the strengthening of the euro has significantly helped the US trade deficit.

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Easing of monetary policy, a reduction in interest rates by the Federal reserve probably will not prevent a serious house prices decline says Mishkin, a Fed Governor and a Columbias University economist. And a 20% decline in prices says Mishkin in a recent paper could lead to about 2% drop in consumption spending within 2 years. See the other article on Sept 17, wsj, that a rate cut or rate cuts may still not prevent the economy from suffering from the effects of the credit crunch and the housing decline, and drops in consumer spending, decline of the dollar, leading to lower growth.

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VW and Daimler both take equal investment share in biofuel company Chroen in Germany. Chroen is in the field of second generation BTL or biomass to liquid, synthetic biofuel. The convictions in Germany are that corn and other agricultural product based fuels are not going to be environmentally friendly as they the process of making fuel from corn takes as much energy and causes as much pollution as it saves. So no carbon dioxide reduction balance is possible with corn based fuel in the view of researchers at VW. Second generation biofuels use wood, plant stalks, or straw, as the raw materials.

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How fast food is marketed in Vietnam's fast growing cities where the influx of migrant workers has increased the population of Saigon or Ho Chi Minh city to 10 million from 6 million in 2000. And per capita incomes are rising increasing to about $900 in 2007 from $600 in 2005 for Vietnam's 84 million people. The success of 2 chains Kinh Do and Pho 24 which have studied marketing of burgers in the Philippines and other fast food chains from the USA and now use these methods with distinctive local food and tastes typical to Vietnam.

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The US trade deficit at about $10 billion in 1995 reached a high of about $65 billion by 2007. Now the figures are expected by economists to drop in March from $62 billion to $61 billion as exports increase and the US imports less. The trade deficit is finally moving in the other direction. But the strength of this trend depends a lot on how strong the rest of the world economy remains to draw in US exports. It also depends on the dollar, and the dollar strengthened by about 4% against the euro in the first two weeks of May.

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The eathquake in China in Sichuan province with hundreds of thousands of people homeless, about 50,000 believed to be dead in the rubble and debris of the earthquake and over 60,000 severely injured. The epicenter of this earthquake is 50 miles from Chengdu, capital of Sichuan province. Chinese relief efforts including the largest ever airlift by the Peoples Liberation Army and deployment of over 100,000 people from the army and other rescue efforts have strained resources and proved inadequate. Some of the large dams are being inspected. The first large shipment of foreign aid was 24 tons of tents from Russia.

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Sara Ehrman describes the time when Hillary Clinton worked in Washington D.C. as a 26 year old lawyer working on the Watergate committee, and Bill Clinton was teaching law in Arkansas. In August 1974 Hillary was living for about 1 year with Mrs. Ehrman, a friend who was a congressional aide at the time. She is 97 today, and recalls that time when she tried to discourage Hillary from going to Arkansas to join her boyfriend. Ehrman felt not much would come out of Bill Clinton, though she thought him to be handsome, and later worked in his presidential campaign and Hillary's presidential campaign. Ehrman was 55 then, and describes Hillary Clinton as a bit sloppy in her habits, such as not making her bed and having a lot of stuff strewn about her room, but really intelligent and very hardworking. At the time both lived together. Ehrman describes a daily routine of seeing Hillary go to work with coffee in the morning and come back exhausted late at night, having yogurt and going to bed, day after day.  The two met for the first time in 1972 when Ehrman was co-director of issues and research in the McGovern campaign in Texas, and Hillary was helping with voter registration. This report describes in detail the road trip to Arkansas that the two made together, when Mrs. Ehrman drove Hillary to Arkansas in her old Buick. They stopped at small towns  in the 1200 mile journey, and this journey ends with Mrs Ehrman crying that she could not get Hillary to change her mind about Bill Clinton and Arkansas. About what she thought was a bright woman throwing her life away in the deep South of the seventies. Hillary she remembers insisted she loved Bill Clinton, and having passed the Arkansas Bar exam had firmly decided on settling in Arkansas. ...

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Lina Nilsson, the innovation director of the Blum Center for Developing Economies at the Universityof California, Berkeley, says female engineers are attracted to programs and research that focusses on achieving societal needs and goals, humanitarian projects, and meeting the special needs of developing economies. Better engineering that helps people improve lives attracts the involvement of women. She cites enrollment at the Blum Center for Developing Economies programs, PhD. minors in development engineering at UC Berkeley, undergraduate international minors at University of Michigan, the D-Lab at M.I.T., humanitarian engineering programs at Arizona State University, University of Minnesota, Penn State, Santa Clara University, Princeton's Engineers Without Borders chapters and clubs, where women's enrollment exceeds that of men. She contrasts this with the low numbers of women engineers in general- less than 20% of tech engineers at Google and Apple, and less than 14% in the U.S. workforce. Her advice- make work meaningful to society and women will enroll in large numbers, not just in computer engineering, also in mechanical and chemical engineering....