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When the BBC talks about "fish" in a novel way as identity it fails to look at the important issues of unemployment, failures in industrialization and modernization, failures in infrastructure building, entrenched corruption that are the main issues in the West Bengal election in 2026, as they were in the elections earlier in Bihar and Orissa states of northeastern India.That the BBC is silent or says nothing about the massive amount of poor quality and unstable unemployment in West Bengal where youth are leaving the state to find employment in the western states of Gujarat, Maharashtra and other states. BBC is silent about the "cut culture" which means a percentage of every financial transaction goes from the public or business to corrupt politicians in government and their associates, destroying any chance of economic progress. BBC along with other media say little about the lack of business investment in the state, and an environment that is not investment friendly, which means industrialization and modernization is falling behind in West Bengal, Bihar, Orissa region with a population of close to 300 million people, about half the size of the European Union, located in northeastern India.In this attitude by the media including the BBC in the US and European Union one finds a feeling that is similar to that shown during the evolution of China into a modern state from the conditions of the 1930 with Japanese occupation, corrupt leadership and roadblocks to modernization and industrialization that mattered little to the world outside China and India. ...

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Applebaum talks to two researchers at the University of Chicago and Princeton, Prof. Sufi and Prof. Mian, on the record of U.S. president Obama and Fed chairman Bernanke in helping homeowners facing foreclosure and underwater borrowers, comparing that record with their record in helping the banks. The issue is relevant as the policy and handling of homeowners had to be part of an overall effective plan for recovery in the U.S. economy, because ultimately without the U.S. consumer any recovery would be weak in the long run- a situation the U.S. faces in early 2014. The response to the issue of irresponsible homeowners borrowing beyond the limit without an equally robust response to irresponsible bank management that allowed wildly excessive leveraging of assets, and successful aggressive lobbying by banks in a shortsighted policy of going through with a wave of foreclosures; besides creating questions of fairness and equitable handling of the problem, also had major ramifications for the future of the U.S. and global economic growth. Here Christina Romer and other administration advisors say Bernanke was right in tackling the problem from the perspective of the banks needing to be recapitalized. Thoughtful advisors looking at the entire problem, Martin Feldstein and Sheila Bair strongly pushed for providing the same help to homeowners without getting caught up in the issue of who was responsible home buyers or the banks, and looking at the interests of the U.S. economy and the U.S. people. Proposals by Feldstein and Bair were equally robust in helping banks as they were in helping homeowners, only the banks understood their interests narrowly and had more access to policymakers in the Bush, as well as the Obama administration, Paulson as well as Geithner. This leaves us with the ultimate irony of the Obama administration pushing for the minimum wage, even to the point of electoral posture, when lasting damage had been inflicted on homeowners from the weaker portions of America's middle class by a policy that went against what two respected financial and economic experts from the Reagan period, Sheila and Bair had strongly advocated. See links and groups on Feldstein and Bair. Applebaum has followed most aspects of this problem closely and continues to provide exceptional reporting including the piece on the thinking of new Fed chairman, Janet Yellen. Private enterprise rules that require management at banks just as for other companies to take responsibility for failures, and be replaced with new management, was largely avoided leading to a fundamental failure in how a free market economy such as the U.S. and western European economies are supposed to function. Rules aggressively pushed by Geithner's mentor Treasury Secretary Rubin for a vigorous cleanup at banks in South Korea during a similiar situation in 1997, were not followed in any way here, also setting wrong precedents for the long run. ...

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The CEO of the New York Times and the former director general of the BBC, takes a look at the public discourse in the 2016 U.S. presidential election and in the Brexit campaign, and finds some troubling changes. The use of words that can eaily be picked up by Twitter and social media to attack opponents, the complete disregard for facts, and outright attempts to denigrate and destroy using rhetorical tactics, and a section of the public that has turned away from the facts or is disinterested in facts, is deeply troubling for Mark Thompson. When the public discourse fails, then the politics as a whole starts to collapse, says Thompson. We are children of the enlightenment, says Thompson, and were taught to look underneath statements to discern the truth. This is a crisis in public discourse. Worse it is one in which truth telling by people who say they are outsiders and tell it like it is, is not about telling the truth. Which is what makes it so dangerous. Thompson cites the statement by Michael Gove that "people in this country have had enough of experts," as another dangerous sign. He says it is time that experts make themselves understandable and talk in a way the public can understand. The media needs to explain issues in clear ways, and professional policymakers language of discourse needs to be conveyed in better ways that the public can grasp, in which the Brexit Remain campaign failed, says Thompson. Its important to acknowledge the problem, as the health of our democracies depends on finding solutions to what has happened in 2015-2016 to change the public discourse and let it deteriorate to unimaginable levels.  ...

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Protestors on the side of governor Walz and mayor Frey both Democrats opposing the efforts of federal law enforcement create a situation where a car driven by Renee Good moves into the area with parked officers and leads to alleged car ramming and shots fired. An impasse in Minneapolis, with federal law enforcement efforts of immigration laws to remove migrants with criminal records opposed by Walz and Frey.  Following a surge in immigration under Biden, similar to that in World War II surge of migrants, which was followed by Operation Wetback in 1954 under Eisenhower. Walz was vice presidential candidate under Harris for the presidential election won by DJT. Political infighting and a alleged misuse of state funds have complicated the efforts. DHS Secretary Kristi Noem says today that the federal law enforcement by DHS had worked in Tennessee in cutting crime and made the city of Nashville safer, that there a Democrat Mayor had cooperated with federal law officers.She says about 490 people with criminal records were released into the city of Minneapolis by the state and local authorites under Walz and Frey, and not turned over as requested by DHS and Noem, under US law. On January 24, 2026, a man with a handgun and magazine of ammunition was in protests and in a confrontation with law enforcement was shot by a 6 year veteran of the federal law enforcement force. ...

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Chancellor Scholz of Germany holds talks with PM Narendra Modi on growing ties between Germany and India in trade, clean energy and new technologies. Scholz is on a two day trip to New Delhi and Bengaluru. The trip takes place in the backdrop of G-20 talks in India.

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At this point in May (May 22, 2026) a glimmer of hope appears for settling both the crisis in Hormuz and the Ukraine war. Pakistan, Turkey and China following DJT visit to China may be pushing Iran to lower the scale of the conflict. China's first priority was to be accepted by the US at the Beijing meeting as an equal power with the US, and keen to show its willingness to bear responsibility for peaceful resolution in conflict zones as a sign of its maturity as a world power. Much of this is not shown in the media as it is mostly done behind the scenes in communications that the media knows nothing about. Note that even in the depths of the Cold War during the Hungarian revolution of 1956 and Soviet action in Budapest, the US and the Soviets when their economies were not intertwined as the US and China are today, were still talking to each other to limit the conflicts to low level conflict. Hong Kong takeover, China's actions near Taiwan, China's presence in Latin America, Chinese cooperation with Iran, and Russia on Ukraine, China's economic competition in rare earths, are relatively smaller levels of friction considering 1950's Soviet's and the US. At the same time China and the Us are aware of a new bloc emerging in Oslo in May, where India is merging its economy with the Nordic economies of Sweden, Denmark and Norway, and of the European Union and Germany, creating a new bloc of 2 billion people that can only grow rapidly with India's potential to exceed growth rates of 20% in the 600 million Eastern region for a decade. EU would make the shift to strategic partnership with India displacing the vital role the European Union has played in China's growth and economy. This would create new pressures for Russian president Putin to decide it is time to listen to a friend India and de-escalate lower the level of conflict with an initial peace deal that would lead to more talks on a final settlement. Because Russia would have a harder time tackling both India and Germany at the same time. NYT shows on the same day May 22 a report on Russia and a report by the Swedish Foreign Minister Maria Sonegard that say the elites in Russia and Putin were by January 2026 having very serious discussion to change the administration, bring Igor Sechin as negotiaor to end the Ukraine conflict before serious, possibly irreversible damage, to the Russian economy. Sweden's Sonegard says that between 2020 and 2024 Russian economy declined by 8%, not grew by 13% as official figures show, inflation is much higher than 5% as official figures show, and credit is tightening, bankruptcies expected, growth even with oil prices up down to 0.4% for 2026. During 20 years running Russia Putin's No. 1 priority, his life's mission was to restore, then exceed by a large margin the living standards of the Russian people. Having at such great cost accomplished the goal of gaining recognition as a Northern Power in Europe, having gained much of Russian speaking eastern Ukraine, Putin could wisely with self respect wind down Ukraine conflict for good. The US gains something similar to Northern Power status for Russia in its recommitment to the Monroe Doctrine, with Russia withdrawing from any involvement- and China tacitly doing the same-  in the western hemisphere. With that the US can tackle its own losses that match Russian losses in lives- loss of more American lives than in the Korean and Vietnam and WWI combined to drug smuggling from Mexico, Venezuela, Colombia, and restoring rule of law in Cuba, Venezuela, and through drug cartel free Mexico good governance in Mexico.  ...

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The US president tells the King it was special that all members of Congress stood up for a standing ovation many times- something that in recent years rarely happens. The King "has shown his class" in the last 24 hours says BBC, it is now up to Starmer and the British government, DJT and the Americans to make it count. Notable DJT sharing that the King agreed with him that Iran should not have a nuclear weapon. The King also talked about the NATO alliance and its role in keeping the peace for 80 years in the world. In the King's words-  "the international rules that have allowed us to trade and have kept power in balance for 80 years." Adding that the US should not go it alone- "The challenges we face are too great for any one nation to bear alone." However the King is only doing what his is role as monarch to present British interests, and it is important to recall that Britain's interests were once colonial interests around the world, that opposition to these colonial interests led to the Declaration of Independence by Jefferson and Washington in 1776. And caution in Washington's advice to America in Annual messages when it comes to these Empires. Right after 1945 when NATO was created- as it was throughout its Empire in Asia  in 1750-1950- Britain opposed Russia and was the most vocal opponent of Soviet Russia in 1950's and saw NATO in this mission. Times have changed with the emergence of Russia after 1990, China in 1950 and again in 1990's, and America as a world power is best following Washington's advice not to get involved in or inherit the British anti-Russian attitude as it has interests in the Western hemisphere and around the world that require cooperation with other world powers such as Russia, China, India, and Germany to create a peaceful world  and not the kind we have today that puts Russia and China on the wrong side just for opposition, as no powers have any interest in drug and people trafficking in the western hemisphere form places like Mexico and Venezuela, or creating small wars in other parts of the world. A situation NATO as seen by Britain in 1950 as Anti-Russian creates for the US- Lord Hastings Ismay first Secretary General of NATO set British goal for NATO (not the US interests or consistent with George Washington's advice to distance from) in 1949 as "Keep the Russian Out, the US Involved, and the Germans Down." ...

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More than half the calories Americans eat is from ultra processed foods- it makes RFK Jr. admonition "Eat Real Food" a Big Deal. It is all about eating whole foods and avoiding packaged foods and sweetened foods. It says NO to more than 10% of daily calories from added sugars. It says whole milk and yogurt is good for you.

“My message is clear,” Kennedy told a White House press briefing. “Eat real food.” The new Dietary Guidelines take out the pyramid used for 30 years and make the message clear and outright plain- avoid artificial foods, packaged foods, added sugars, ultra processed foods altogether. A plate now replaces the pyramid and shows a carton of whole milk at the top, a block of cheese, a steak., fruits and vegetables, whole grains.

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WSJ Editorial Board on the Media's obsession with "Results" for the XI-DJT meetings when mutual respect and understanding was a key goal achieved. China's goal was clear from the start. It was that the US would recognize China for its achievements in manufacturing and infrastructure, in science and technology in the last 100 years. General Joe Stilwell who was the leading American in China in the first half of the 20th century, FDR's man in China, and who had a deep affection and attachment for the Chinese people and culture. Stilwell could not have been more gratified by the presence of the American president in Beijing after the struggles China has seen in his lifetime against the Japanese invasion and the struggles inside China for the road to industrialization in the second half of the 20th century. 

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NYT Graphs showing Effect of 17.2% overall US Tariffs positive on US Trade Deficit (significant shrinking) Prices (less than 3% increase in index). Overall effect is surprisingly quite positive, yet media has given misleading reports and misrepresented tariffs. Tariffs were used when everything else failed and had to be applied in the real world with skill, and backtracking where necessary, repositioning tariff, and continuing to use it when the opposite side including European, Japanese, Koreans, Taiwanese, were only interested in their own gains, indifferent or negative to fairness for US gains. Even where the tariff was placed on a partner the results were surprising the carving out of exemptions such as electronics semiconductors and iphones, made it possible for India to increase exports, so that it was done thoughtfully. This shows that tariff application was done by DJT/Bessent/Jamieson in a way that gave countries options to manage their trade to come out doing well. Germany and EU without US tariffs may not have signed the deal with India this quickly, and India may have used its agricultural protection to prolong and not look for areas in common and work out a deal. Germany might still be thinking India depends too much on Russia for defense, instead it looked for areas for defense cooperation. Result the huge India- German, India-European Union deal that connects to form a 2 billion strong market. Nobody really noticed its importance except for 2 billion people- it comes when it is a highly motivated 2 billion people with strengths in technologies, industry, people skills, and between 2 civilizations the Buddhist/Vedanta Hindu and the Christian civilization, each discovering the other and the richness of its partner's civilization. ...

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For 2025 US stocks S&P 500 returns 19%, foreign stocks in Europe 36%. An extraordinary year for foreign stocks with Germany's big investments in the economy. Actually the average S&P stock was down 3.7%. It was the large investments in AI that propelled the US stock markets S&P 500 to the 19% gain.  AI investment may take a long time to be profitable and some companies may lose money yet the building of data centers creates demand for construction activity, and tariffs are bringing larger investments into the US economy. Media skeptical about tariffs led to many missing the surge in stocks. It was the same overseas after years of Merkel and limits placed in the constitution on needed spending, and the SPD coaltition struggling to get through FDP obstruction to investment spending. Chancellor Merz of CDU joined the SPD to make a big $1 trillion investment in German infrastructure and defense, and removed the constitutional brake on investment Merkel had unwisely put in, with so much of Germany's infrastructure and digital in bad shape. This pushed up European stocks that had languished under the austerity logic of Cameron/Johnson-Merkel. This also was missed by many as the old logic was suddenly and quickly taken out with Russia emboldened in Ukraine taking over much of the eastern Ukraine's Donetsk region. Defense is now a rapidly growing part of the German economy. 2025 was a year of sudden and rapid change in the world economy with tariffs, US investment deals, and Germany taking on defense and infrastructure, which few could predict. And in which the media created confusion by saying the opposite of what was required from investors. ...

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In 1867 the Alaska Purchase was also being mocked in the media. When Russia's Czar Peter the Great sent Vitus Bering to explore the Alaskan coast in 1725 there were Inuits living there. Russians slaughtered many Inuits to set up their base, says historian James Gibson in the Wilson Quarterly, cited in The Washington Post. It was the Russian czar who initiated the effort to sell Alaska to the US after Britain and France fought a war and defeated Russia in the Crimean War. These European wars in some ways have been going on in Northern Europe for many centuries and down to this day. What this tells us is that Russia treated Alaska as a colony and this is how a colonial power like Denmark treated the Inuits in Greenland. Denmark has treated Greenland harshly and now makes it look like it is interested in Greenland's people. Denmark is a small country with a population of 6 million less than the population of the Houston area, and Greenland's population of 50,000 would not fill a baseball stadium. It is disingenuous and false of Denmark to pretend to be anything other than a colonial power like the British, the French and the Dutch with little interest in the well being and economic development of the people of their colonies. If Greenland is developed the way US has developed Alaska, and the US can and will do this, Greenland is so much better becoming part of the US, completing the security of the entire eastern seaboard of the US that was envisaged by American president after American president since Jefferson, Madison, Andrew Johnson and Harry Truman for the last two hundred years. ...

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Modi's BJP party wins in West Bengal, Assam and Pondicherry, with new TVK party in Tamilnadu. It is avcotry for good governance as the BJP and TVK promise good governance. The BJP has brought good governance since it won the national election in 2014 and 2018, 2022, 2026. And gradually won state elections in Delhi, Rajasthan, Maharashtra and Bihar, Orissa last year. This enables the whole Indian economy to advance rapidly in industrialization, modernization, and Vikshit or Developed Bharat vision for 2047 (the 100th year of independence). In the years ahead India's economy is likely to close the gap with China to become the third largest economy in the world. In 1950 India's and China's economy were the same size. This situation is likely to happen in the next two decades. Yet this win today gets no media coverage in the WSJ, in Washington Post, The Guardian and only lower down in the page on the NYT without grasping the significance and BBC covers it only marginally. Only the German DW.com has non stop coverage. The established media is ignoring what is happening to 2 billion people, bigger than the story in the Gulf with 7% of the people in South Asia which is cluttering the pages of the established media, and coverage of the teapot refineries in China that get most of that oil on China's coastline. Ignoring the enormous enthusiasm and energy that has been unleashed across India in the last 12 months for a modernized India Vikshit Bharat 2047 built on good governance, infrastructure building and technological innovation, scientific advancement after 1000 years of waiting. ...

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DJT and US diplomacy given a chance, patient waiting for Iran to make a unified proposal with split in Iran government, while the US naval blockade goes on- April 21 2026. About 2 million people lose their jobs in Iran as inflation exceeds 50% and economic activity, steel, car making and petrochemical industries are affected with major disruptions and supply chain issues.

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France per capital GDP $46000 compares to Mississippi's $55000- productivity and quality of life in the US vs France -healthcare, pharmaceutical, and vacation time, the serious drawbacks in the US. Lower taxes in the US yet the difference easily evaporating with expensive cost of healthcare and pharmaceuticals in the US, lack of maternity leave and health supporting vacation time.

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Independent oil companies are eager to invest in Venezuela says Treasury Secretary Bessent at the Economic Club of Minnesota. He says phone are ringing non stop from these companies. Big Oil such as Exxon is taking longer. Chevron is already in Venezuela and Bessent says in a few months it can increase production by 40-50%. Oil revenue from Venezuela will be in a special fund that will be used for the people of Venezuela. Under Maduro since 2013 the oil revenue was used for regimes in Cuba and not managed well for the investment in infrastructure and modernization. US sanctions made it hard to modernize the oil industry which will now take place. Bessent calls Cuba's economy decrepit and now in bad shape. It also shows that realistically modernization and good standards of living are not possible in the western hemisphere by regimes of the Cuban or Bolivarist type which descend into corrupt regimes and lack foreign capital and technologies. Lula adopted an approach in Brazil that worked with the US and EU to modernize the economy creating a workable model for a Workers party. There is much to learn from these experiences in Latin America which come at considerable cost and suffering. ...

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Impact of $100-$138 a barrel oil prices from Iran War on US economy is modest - stable unemployment inflation at 2.9% instead of 2.7% and decline by 4 tenths of a percentage point in GDP growth. This is the view of 50 economists at banks, companies and research consulting gorups surveyed by WSJ March 16-18 cited in both the WSJ and her inthe NYT. NYT says unless the prices reach $200 which is unlikely, there won't be a recession. The reason is that the US is self sufficient in oil needs and exports oil and gas to Europe, and now to India and Japan. In fact in the domestic economy oil producing states in the Permian Basin including Texas, Wyoming, New Mexico and state of Alaska will actually see more growth. US will also generate more revenue from oil exports. US will also be able to leverage the situation to bring Venezuelan production with additional investments in upgrading the Venezuelan oil fields from American oil companies. This will be more attractive at higher oil prices and revenue generated will be sent to benefit the Venezuelan people. What it does affect lis ow income people with long commutes to work in the US. ...

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The new Social Studies, Civics and English Reading curriculum for K-12 in Texas Schools looks at a broader approach to reading of classics which have been largely bypassed in an erroneous approach to reading focused on whatever is in contemporary trends. The current approach is leading to a generation of children who do not know much about the Nation's history and culture and form of government, about the English language and its prominent American authors. One draft includes books like “The Very Hungry Caterpillar” by Eric Carle for kindergartners, “A Wrinkle in Time” by Madeleine L’Engle for seventh graders and the Rev. Dr. Martin Luther King Jr.’s “I Have a Dream” speech for eighth graders. Frederick Douglas and Langston Hughes are also included. It also has passages from the Bible, including a meditation on Love from First Corinthians.  All this is happening as the Nation has a new Test alternative to ACT and SAT called the CLT Classical Learning Test which provides longer reading passages from English and American Literature and history, science, technology, world knowledge, far better than ACT or SAT. ...

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Iranian public reaction to the air strikes Feb 28 2026 and death of Khamanei- disconnect with the government policies and economic hardship caused by lack of focus on development and modernization of the Iranian economy.

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An astounding 80% of France's medicines are manufactured in Asia, and France is highly dependent on China and India for manufacturing. Action is now underway to move the manufacturing back to France as part of a complete reassessment of the supply chain for critical infrastructure related supplies going on in France, Britain and the U.S.

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Yoon Suk Yeol from visit to Biden at White House as South Korea's president to jail sentence for life for ordering arrests and deploying military troops on Dec 3 2024. It shows the unstable situation for democracy and politics in South Korea, with the country polarized. It is much more polarized than the US  or Europe. South Korea may have advanced rapidly with its economy using Japan as a model, yet the political situation in South Korea and the Korean peninsula remains highly unstable. By comparison India has a long history of elected assemblies in the states and regions dating back to the 1936-37 provincial assembly elections under the British- nearing a century of democratic self government by 2036, ten years from now. Even the shorter period of elected government in South Korea was interrupted by dictatorships and the military rule. The Indian Constitution modeled on the unwritten constitution of Britain and the written one in the US, has the allegiance of a population of 1.4 billion people, unprecedented in the history of mankind. There are as many languages in India as in Europe and the media is lively in every language, so that it is an encounter that is the one of the wonders of the world to know and grow up inside India in the second half of the twentieth and the first part of the 21st century. It is also the first modernization effort in the context of Britoish and American democratic forms of government for over 1.4 billion people, almost 2 billion people counting other regions such as Malaysia, Indonesia, Vietnam and the Philippines, that use India as their role model. The economic dynamism of the region required integration of sorts with the European Union and the US for scientific and industrial cooperation at every level which is now happening. ...

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Gerard Baker in The Times of London looks at California as some kind of dystopia, a malfunctioning place with rolling blackouts from PG&E the electricity company, drought and water shortages, housing costs soaring making it affordable only to the few at the top, and high taxes. He cites an expert from Chapman University who compares it to some sort of medieval feudal place run by nobility at the top, the investors, lawyers and people in entertainment, with the academy and the media as a kind of clerisy who propagate the ideas that this nobility supports, a small middle and the rest as serfs or minimum wage workers in logistics, retail and farms. Median costs of housing are about $613,000, and the affordability index of people who can afford housing is 32% compared to 56% in the country. Hispanic immigrants now prefer Texas, though with a loss of 6 million people in the last decade and gain of five million, it sees increase in population with high birthrates from the existing population to about 40 million. Half the population of homeless in the U.S. are now in California though it has only one eighth the population of the country. High housing costs and high cost of living hurt people at the low end, the lower middle and the retired the most. With low wages at the bottom and extremes of wealth, homeless, housing zone restrictions, drought and rolling electricity blackouts, this is not what the future should look like.  ...

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A native of Cincinnati, Ted Turner, built one of the largest landholdings in the US. He bought 2 million acres which makes him 4th largest landholder in the US when he died this year in 2026 at the age of 87 years. One ranch alone cost him $100 million in New Mexico made up of 586,000 acres, which is now worth $500 million. Turner bought early when land prices were low in New Mexico and Montana. Much of this wilderness was turned into conservation areas. In this sense he will be remembered more for this public land and conservation than for a 24 hour news channel. Much of the audio and video media can be accessed over 24 hours anytime of one's choosing on the internet by 2026, which makes CNN redundant today. CNN and Fox News are more of a distraction today at best and a flawed presentation of the News because of their tendency to take advantage of the audiences and reinforce their bias for profit, CNN and Fox New on opposite sides. CNN has been acquired by Paramount CBS and is about to undergo major changes under the Ellison family. And the Murdoch family is split on how to run Fox News. Both television channels will likely dissipate in influence and viewers as Americans grow out of their biased and often incorrect interpretations of current news events. There is little they do that cannot be done by diligent effort to present the news in alternatives such as Lyrarc.com on the internet that present a range of views from major world newspapers and sites. And yet see America as a beacon of hope in the world and Europe as the place where the scientific and industrial revolutions that changed all our lives for the better started, giving the younger generation of Americans reason for hope in the future. ...

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Puerta Vallarta and American expatriates 2026. WSJ reports in Feb 25, 2026 that most of the Mexican states and the Cancun, Tulum, Puerta Vallarta and other coastal tourist areas are controlled by different drug cartels. 

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More revelations such as Pandora papers may not do much because the inertia is institiutionalized and the political system is available for hire, says Prof. Prem Sikka of the University of Sheffield, UK. He says armies of accountants, lawyers and financial experts support this system, the regulatory system in the UK is ineffective, and too many MP's are on the payroll of corporations, says Prof. Sikka in The Guardian. It is the sheer size of the problem that is staggering and could be an indication of how it reduces upward mobility in society, leads to financial crises, and defunds infrastructure, defunds healthcare and housing in US, Europe, Britain and India. The size of illegal money and tax evasion money in the world today is according to this article in The Guardian simply astonishing- $3.6 trillion.