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US and DJT policy to deport illegal migrants after the first year in March 2026- a reassessment on how far to go with mass deportation.

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David Card and Alan Krueger with a study on New Jersey and Philadelphia restaurant workers in 1994 and their subsequent studies on minimum wage increases show no negative effects on unemployment of increasing the minimum wage- More discussion on this topic as Minimum wage increases to $22 an hour in 2026 in NY and California. Indrajit Dube of U Massachusetts says it all depends on how far one goes in increasing the minimum wage. At some point maybe $30 a week it could lead to restaurants deciding not to hire more workers. At 45 hours a week for 48 weeks an employe in the fast food industry at $22 an hour would make $47,520, and at $30 would make $64,800. The poverty level is set at $33,000. The problem with these figures is that the cost of housing is so high and automobile costs have risen very fast in the last 5 years. Housing in New York and Los Angeles is very costly compared to states in the midwest, in the south, and other states. Card's and Krueger's, Dube's studies show that retention is higher employees are more motivated leading to higher restaurant and fast food sales, happier customers, that could lead to more employment not less. Some of this is intuitive and one does not need an economist to tell one that. When compared to Britain's economic and social philosopher Adam Smith much of the accepted wisdom of what Smith said is selective taking what one wants and leaving out the rest, as Lahart shows here about minimum wage. As Adam Smith was  a keen observer of the social sentiments of society which he considered very important for British society, and for British civilization to flourish. For this reason he supported higher wages and the betterment of the lower classes, as Britain's example to the world. Card received a Nobel prize in 2021 for his experiments including his paper on minimum wage in New Jersey and Philadelphia. ...

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50 Economists are surveyed by WSJ from banks and universities to small consulting firms. The consensus is that unemployment will remain the same and inflation a bit higher (2.9% instead of 2.6%) if the war is temporary. At what price point and for how long does it cause problems of a recession? The price point is in the region of $138 and in the region of 14 weeks. Inflation predicted at 2.6% is now estimated to increase to 2.9% in this survey March 16-March 18. The attack on gas and oil fields in Qatar, UAE, Saudi and Iran may pose a different kind of problem making it harder to repair than the Straits of Hormuz closure which could be opened at any time and allow tanker traffic to resume supplies.

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Feldheim, 55 miles north of Berlin, uses 1% of locally produced renewable energy from biogas and wind, and feeds the rest 99% into the electricity grid.

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South Pars Field and Qatar North Field, the largest natural gas fields in the world, are Explained in DW.com. The two fields are divided by a maritime line and form an island divided between Qatar and Iran. Israel attacked the South Pars FIeld and Iran retaliated with an attack on Qatar North Field on March 18, 2026. South Pars field natural gas supplies homes in Iran and is used for fertilizer inside Iran. It also supplies Turkey and Bahrain with natural gas. In the absence of this gas Turkey would have to source gas from Russia or buy it on the world markets. Qatar's gas goes to world markets.

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Some estimates of the cost of the Iran War for the US are about $13 billion over 10 days of the war. US president DJT asks Congress for $200 billion to finance the war. Iran refuses to back down on the closing of the Straits of Hormuz. Much of the oil going through the Straits of Hormuz goes to Asia, 90% from Kharg Island in Iran goes to China. Oil from the UAE goes through the Straits to Japan and India.

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Spain Mexico relations improve with World Cup Soccer 2026 games in Mexico including one in Guadalajara, Jalisco state. Spain's King Felipe apologizes for acts of the early Spanish explorers Pizarro in Peru in 1532 and Hernan Cortez in Mexico in 1520 after the defeat of the local Empires of the Incas and the Aztecs to Spanish soldiers in the Spanish Conquest of the Americas. Much of the local population did not survive the conquest.

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Israeli attack on South Pars Field and Iranian response with attack on Qatar North Field- this happens on March 18, 2026. About 10% of total global oil supplies are affected about 7 million barrels a day. Attacks on oil facilities and fields are a different order of magnitude compared to closure of Straits of Hormuz, as oil tankers can still deliver the oil when it is safe to cross the sea passage. Attacks on oil fields and facilities will take a long time to repair. The US president calls on Israel to stop such attacks. The Pars gas field supplies homes in Iran and is used for fertilizer production in Iran. It also supplies Turkey which would have to get alternative supplies from Russia or on the world market.Oil briefly hits $116 a barrel before settling at $96. The situation resembles the one in Ukraine when Ukraine grain production could not be sent from the Black Sea ports to Europe and Middle Eastern countries like Turkey, Egypt and Morocco, and fertilizer exports could not be sent to Asia. The Russian attacks on Ukraine ports led to global shortages of fertilizer and grain. ...

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Obama Affordable Care Act dropped by 10% of subscribers in 2025 and 17% likely to drop out in 2026. The AFA becomes unaffordable to millions after the expiration of federal subsidies.

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Patrick Soon-Shiong Surgeon, medical businessman and LA Times Owner, bought the LA Times for $500 million in 2018 which is now incurring losses of $48 million. He wants to take the LA Times public with an IPO offering. Soon-Shiong made $6 billion with blood thinner heparin of APP Pharmaceuticals and Abraxis Biosciences chemotherapy drug Abraxane, both firms he founded.

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Here is the situation for India for Fertilizer and LPG gas supplies in Iran War March 14 2026- Vaishhnav says 62 lakh tons available 10 more than last year of urea fertilizer. This means India has adequate coverage for the May planting season of fertilizer. On LPG for household cooking India has shifted industry supplies to cover the home cooking gas needs. It is also working on passage of its LPG ships through the Hormuz Straits. Of the Indian ships carrying LPG -22 vessels trying to cross Hormuz Straits, 3 made it though in the last few days. India is in touch with Iran and the Gulf Cooperation Council and through its position in Bric's to get safe passage for LPG carrying ships. Six of the ships carry LPG and one carries LNG of the 22 ships waiting to cross the Hormuz passage.

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Kharg Island near Hormuz and Jask Island on Gulf of Oman two of Iran's main oil export terminals. Oil is pumped by underwater sea pipelines to storage tanks that hold 30 million barrels on Kharg Island then loaded onto oil tankers that make their way through the Hormuz Straits. The oil is shipped to teapot refineries in China- smaller independent oil refineries in China that have not faced sanctions. This oil is shipped at a discount. How does China pay for this oil? China gets 2.1 million barrels a day from this source. It is paid for with a $400 billion Chinese investment in Iran under a 25 year Comprehensive Partnership Agreement signed in 2021 during the Biden Administration in the US. The investment covers energy, infrastructure and technology in Iran. At $60 a barrel before the Iran War China would have an import oil bill of $46 billion for 1 years supply of oil from Iran. This was paid for in yuan based transactions and barter systems which involved Iranian construction projects performed by China and exchange of other products, raw materials. ...