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The selection of Kazuo Inamori, who headed Kyocera and KDDI Corp, to lead the turnaround of Japan Airlines Corp. (JAL). Inamori is a supporter of the Democratic Party of Japan and advises the government of prime minister Yukio Hatoyama. Along with Soichiro Honda, Akio Morita, and Matsushita, Inamori is highly respected in Japan for his management and entrepreneurial skills

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Banks in Britain will be charged a 50% tax on 2009 bonuses of more than 25,000 pounds or $40,800. It will be imposed directly on the bonus pool at banks and will be paid by the bank. It takes place effective immediately and affects 2009 profits. The public in Britain is sympathetic to such a move and it comes in the midst of concerns about the British deficits similar in proportion to that of Greece, and of the Dubai debt crisis. Andrew Hilton, who runs CSFI, a research center focussed on financial issues put it aptly: "I think banking has become a truly parasitical business. Bankers these days borrow money at 30 basis points and lend it to te governmet at 300 basis points and then they go play golf."

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The Markit/HSBC Purchasing Manager's Index for China declined to 49.6 in Jan 2014 from 50.5 in Dec. 2013. A score below 50 shows contraction. China's GDP growth declined to 7.7% in the 4th quarter of 2013.

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Microsoft's planned release of Windows 8 in 2012 with its use in tablets, and its new strategies for increasing Windows Apps for smartphones.

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Liberal groups feel president Obama has lost the leverage he had after the McConnell-Biden fiscal cliff deal of Jan. 1, 2013, saying this only sets the stage for talk of spending cuts.

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Dealogic reports show 64 U.S. listed IPO's raised $16.8 billion in the first 5 months of 2013, up from the $13.1 billion raised by 73 companies in the same period in 2012. Recent price gains by IPO's are driven by the lack of alternatives to stocks for investors in a low interest rate environment.

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Taiwanese contract manufacturer Hon Hai is moving quickly to address higher costs for workers at its manufacturing sites in coastal regions of China. After extensive media coverage of conditions at Foxconn factories, a number of suicides, and Chinese government policy that encouraged higher wages for workers in foriegn owned plants, Foxconn has moved to sharply increase wages at its plants. By the end of 2011 production in cities in the interior of China- Chengdu, Chongqing, and Wuhan, where costs are one third less- will be 25% of production, up from 10% in 2010. By 2012, this will be up to 50% of Foxconn's production, according to Yuanta Securities of Taipei. Hon Hai is lowering dividends to finance the shift. Fourth quarter 2010 earnings of Hon Hai were $742 million, down 26% over the prior year, even though revenues went up by 56% to $33.1 billon- reflecting the higher costs. Hon Hai's stock is down 20% in the past year on the Taipei stock exchange. Other locations being considered by Hon Hai are Brazil, Turkey and Slovakia. Brazil's President Dilma Roussef, said that Foxconn is considering a $12 billion plan for Brazil. Hon Hai is the only manufacturer of Apple iPads and one of two manufacturers of the iPhone....

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The declining popularity of prime minister Stephen Harper and the Conservatives in Canada in 2013. The Liberals under Justin Trudeau, son of a popular Liberal prime minister in the seventies, see an upsurge in their popularity as the Conservatives see a large dip in the polls. New elections are planned for 2015. Harper announces new proposals to help consumers in the new session of parliament.

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Facebook's acquisition of WhatsApp for $19 billion in cash and stock. Whats App has attracted users by offering the messaging service free and 99 cents for the second year for sending apps and pictures. It has grown rapidly in its international user base, and has in the space of 4 years since starting up in 2009 built a user base of 450 million users. About 70% of users go to the site daily compared to 61% for Facebook. Facebook pays $40 per user similiar to what is paid out for other social media sites. The main advantages are to protect Facebook as the trendiness of Facebook declines- if youngers cool to the site- by adding a popular messaging site, the international base of users, and the large number of users. A Ukrainian Jan Koum, who worked for 10 years at Yahoo, and Brian Acton founded WhatApp.

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Carl Richards, a certified financial planner in Park City, Utah, says the most important question about an investment is how it fits into our plan, and how it fits into our lives, but investors today focus too much on the latest IPO, or specific stocks. He says it is important to set a limit of 5% of the portfolio on any individual stock or investment.

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Total household debt, including mortgages and credit cards, as a percentage of disposable income, has declined from 130% in 2007 to 116% in 2010. The Federal Reserve reported this data recently. Much of the reduction in debt was done through defaulting or walking away from mortgage loans, and some of it by reducing expenses. Commercial banks wrote off $118 billion in mortgage, credit card and other consumer debt in 2010, according to the Fed data. This amounts to half of the total $209 billion in debt reduction for household debt, which includes new mortgages and credit card debt. Economists say the level of household debt is still high because household debt at a level lower than 100% of disposable income is where it should be. Many consumers are still in a weak condition because of the weak job market, which has resulted in their using up some of their retirement savings till a job at a lower pay is found. Job cuts at the state and local level are still looming as state governors reduce their deficits. Total U.S. nonfinancial debt went up by 4.8% to $36.3 trillion, with a 20% increase in federal debt. Higher gasoline and food prices also act as a tax on households in 2011....

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This chart shows sharply divergent earnings trends. Looking at percent changes from a year ago the Bureau of Economic Anlaysis numbers show that fourth quarter earnings domestic profits were down 6.5% while earnings from the rest of the world jumped 42.8% the largest increase in 27 years. How strongly will these export markets hold up as we get to 2009 and there is a global impact of the recession that starts in the USA. And lower earnings in US markets will mean lower capital spending in the US.

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Internet penetration is about 30% in India, compared to 50% in China and 87% in the U.S., according to the World Bank. The number of internet users increased from 375 million in Oct. 2015 to 402 million in Dec. 2015, according to Internet and Mobile Asssociation of India. Growth of internet users is increasing with the falling price of smartphones and mobile data usage.

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Morgenson cites Paul Diggle, property economist at Capital Economics in London, about why the $26 billion mortgage settlement between the state attorneys general, the U.S. government and the large U.S. banks is unlikely to make much difference to the foreclosure problems in the housing market. The agreement provides for reducing principal by $17 billion over 3 years for homeowners under water. Diggle points out that $17 billion is a drop compared to what is needed, because 11 million homeowners are now under water on their loans to the amount of $700 billion. The $17 billion is a mere 2.4% of the negative equity of $700 billion.

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The 3 hour televised debate in Egypt between presidential candidates Amr Moussa, former foreign minister, and Abdel Moneim Foutouh. Presidential elections will be held on May 23 and 24, with a runoff in June. It marks the end of dictatorships since 1952, and the first time Egypt is experiencing the democratic processs, as the period before 1952 involved rule by monarchy and strong influence of British colonial interests in the Suez Canal.