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The large Indian communities living overseas has always been an important factor in India's development, the remittances, the two way flow of technology as ideas and scientific knowledge is brought back. This was true for China in its period of rapid development and is true also for India today. This report looks at Indians giving up citizenship (about 225,00 in 2022) yet most of the people interviewed  in this report say they do this only because there is no dual citizenship route. There are some areas that Indian business can improve on easily which are work life balance which are the reasons some have chosen to live overseas- this would also improve the productivity of the workforce and needs to be considered by Indian business leaders for their companies. 

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The Rs 6 per litre incentive to dairy producers in Karnataka has increased milk production in the state. This has led to Nandini and another cooperative based in Anand, Gujarat, Amul Dairy, to makeup 60% of all procurement by dairy farm cooperatives in India. Price of milk is about Rs 50-60 per litre, About Rs 240 per gallon, equivalent to about $3 a gallon similar to the price in the US.

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Russian and Ukrainian mothers want to know the fate of their sons, it is the role of the Red Cross to facilitate this, says its director-general, Robert Mardini in this interview with the BBC.

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The long 1300 mile journey of a consumer good is tracked in this WSJ documentary to show how complicated and crazy supply chains have become. The pandemic and the war in Ukraine are leading to this realization about how crazy things have become, the shift to shorter supply chains and bringing  manufacturing home or closer to home. Factories half a world away with products that turn up on consumer shelves a year later, does this make sense anymore, is the question raised in this WSJ documentary. Not told is the story of how this impacts jobs at home and how it impacts everything in local communities which consume these products. On the tax revenues from missing local factories shipped overseas that did not build the necessary infrastructure that makes communities livable and the funding for schools and hospitals. And the good manufacturing jobs that are missing in these local communities in the US and European Union leading to the fraying of societies and the values that underpin them. ...

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Upskilling the workforce has huge potential to add jobs in India, says this report in DW.com. It cites India Skills Report 2021. The federal government's new education policy is intended to tackle some of these issues, yet more needs to be done to focus on this issue for Skills India and improvement for the future.

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This report in The Guardian says what India urgently needs is for the US to lift export restrictions on supplies for India's vaccine factories, and tools such as genome sequencing to identify and control emerging variants of the coronavirus.

The report also points out that of the 1 billion vaccine jabs about half are in the US and Europe and the low income countries have only a tiny fraction of vaccinations. India which sent 64 million vaccine doses to countries including Brazil and Morocco, Bangladesh, in 3 months prior is reported to have sent only 1.2 million doses this month.

The crisis in India also shows the need says The Guardian for an international approach to the crisis no a country by country approach. It says the Bush plan for Aids and the the 2014 plan for Ebola in West Africa are models of an international approach that is needed now.

 

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Greg Ip, chief economic commentator of the WSJ says economists like Summers with his theory of secular stagnation, and Kenneth Rogoff with his theory of the debt hangover from the 2009 financial crisis, have missed the true story of the last ten years with consistent growth, low inflation and lower unemployment than thought possible. Unemployment at 3.5% shows that the natural rate of unemployment is much lower that the 5% thought by economists and economic theory, and unused capacity in the economy that is being tapped for growth.

It also shows the limitations of economics and economic theory. The need always for fresh thinking and a bolder idea of what is possible. The potential for economic growth by unleashing each country's best human and technological potential in the face of obstacles. 

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Worldwide coronavirus vaccine development and distribution is covered in the The guardian. There are surprising results in a 2019 Lancet study about how strongly people in each country think vaccines are safe. Only 17% of people in Japan and Lithuania think vaccines are safe. Most of Eastern Europe, some western European countries, Russia and China are shown as countries where about half of the people have doubts about the safety compared to 87% in Bangladesh and Uganda. In India and most of Africa people think vaccines are safe says this report showing the Lancet study results in a graphic.

Vaccines once developed will require cold storage for distribution and adminstering the vaccine. Some vaccines may require ultra cold storage of -60 degrees  or -80 degrees centigrade which may be hard to find in many countries. Most of the cold storage containers available have already been acquired by countries.

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How a deficiency in trust is affecting the US effort to vaccinate its whole population in 2021. The US government took steps early to build vaccine supplies, and was one of the first countries with the UK to begin its vaccination drive. Then after 6 months something went wrong. The deficiency in trust led to about 80 million people many of them young, to avoid getting vaccinated. US president Biden said the country was losing patience with these people. He setup a vaccine mandate and required all employees in private sector in companies with more than 100 employees to get vaccinated. This applied to about two thirds of American workers. All federal government workers were also required to get vaccinated. Yet even after the vaccine mandate the number of vaccinations has not exceeded 900,000 a day. By contrast India was doing 20 million a day. By September 2021 the US had fallen behind all nations in the G-7 in percentage of people vaccinated with one or two doses, behind Italy, France, UK, Germany, Japan, Canada. Trust was also needed, not just vaccine supplies to make a vaccination drive effective. By September the US passed the 675,000 deaths that happened in 1918 pandemic. The deficiency in trust leads one expert to call it breakthrough without followthrough. Other experts see the entrenched social forces that had diminished American health and life expectancy since the 1970's also affecting the vaccination drive. ...

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You cannot build a economy that works for the middle class and for all parts of the population on casinos. That is the message from Nevada. Other sectors of the economy, including manufacturing are needed.

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Democrats feel the landscape has shifted in their favor for the midterms in 2022 after the US Supreme court ruled against abortion in its Roe vs Wade decision. Democrats feel they can now appeal to more women and to independents and that this issue has energized some of its campaign base. The Kansas vote affirming abortion rights has further energized Democrats.

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NYT looks at the $19 billion renovation of Kennedy Airport in New York. Smart ways are being adopted to avoid tying up the highways around the airport with trucks by sending stone and other supplies from quarries 125 miles away by water up the Hudson river to a waterside dock on the 5000 acre Kennedy campus. The executive director of The Port Authority of New York that runs the Kennedy Airport, one of the busiest in the world, says this avoids 300,000 truck trips spanning 1.5 million miles. 

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The BBC's security correspondent looks at the cyber espionage being conducted from Russia during the U.S. presidential election. The U.S. director of national intelligence has pointed to the Russian government as the source of hacking into U.S. databases. U.S. intelligence officials say this is intended to interfere with the U.S. election process in some way. It follows hacking into the DNC database of the Democratic Party.

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When planning for retirement look at the combined probability of both spouses of living an extra 10, 20, or 30 years after 65 years of age. The combined probability could be 18% of living an extra 30 years says this expert when you look at the combined probability that one or the other spouse would outlive the other and need to depend on retirement savings. Take all these scenarios into account, and working an extra year or two even 6 months can make a difference for a sound retirement, says this expert.

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The despair and desperation of Hong Kong young people also has an economic side with fewer young people able to afford a small flat with sky high prices, and having difficulty maintaining a decent standard of living.