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Depleting stocks US exports to the hilt 14.2 million barrels of crude oil and products such as diesel and gasoline a day to Asia and Europe- May 2026. This is the highest ever exports from the US of oil and oil products. Australia gets 2.7 million barrels a day in March when exports before were sporadic. UK, France, Netherlands, all need US oil. Not only Gulf ports, ports of Philadelphia, New York and Albany are also being used by sending oil from the south up the Colonial Pipeline to the East.

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What the Indian Supreme Court failed to do was ask for accountability for the nearly 3 years lost in timely delivery of infrastructure that was to be completed in 2021 for the $3 billion Metro subway for Mumbai. Work that was moving 24 hours a day 7 days a week under Ms Ashwini Bhide was stalled and left to stagnate. This is unconscionable for a country with 1.4 billion people and most under 35 years whose aspirations get repeatedly stuck in the mud by politicians and a mentality that has itself given into the way colonial powers looked at India of being undeveloped, dirty and disorganized. Mohandas Gandhi would have a hard time understanding that Hind Swaraj that he envisioned in 1910 could lead to this kind of stagnation. Mr. Jain points out that the Indian Supreme Court has left it to the Assembly Speaker to decide on the issue of disqualification of 16 MLA's- in effect leaving the new government in place which has a majority in the Maharashtra state assembly in India. The 2 party coalition was formed between Mr. Modi's party BJP in the state, the principal driver for infrastructure and 24 X 7 development in India, and Mr. Shinde's party on 30 June 2023.  From November 2019 to June 2023 for the period of the pandemic for 2 years and 8 months the state was under a government that stalled on major infrastructure projects in the state that were being done 24 hours a day. Such as a huge project that the WSJ called "audacious" run by Ashwini Bhide at MMRC with over $2 billion from the Japan International Cooperation Agency for a new METRO subway for Mumbai taking it into the 21st century from an old broken British rail system. Unfortunately neither the Supreme Court or the press delved into the loss of 3 years that added this loss in infrastructure that was to be completed in 2021 to the losses from the pandemic. The project is back to operating 24 hours a day 7 days a week under Ms. Ashwini Bhide since the Shinde government was formed in June 2023 with pm Modi's party in the state.  ...

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Warming of oceans by climate change cause US hurricanes Helene and Milton 2024. Ocean heat content in the Gulf of Mexico is much higher in October 2024 than the average heat content 2013-2023, as shown in this NYT chart. At a single glance one can see climate change at work. This is real America. And FEMA is stretched thin, not adequately funded for the natural disasters happening all over the US, yet Congress has failed to act, and the AI billionaires shown in today's NYT piece "Imperial Reach," talk about trillions of dollars they wish to divert from essential needs of the Nation in climate change action, disaster relief, childcare, health, and education, more than the GDP of European nations. In effect writing off the Nation's future and future generations.  

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Sperling shows how Biden's economic plan rescued America and set the stage for America becoming the leader in the G7 economies. Gene Sperling is adviser to president Biden, coordinator of the America Rescue Plan, and had 8 years as adviser in 2000 and 2011 after the financial crisis to previous presidents. Here he says the arguments made that the trillion dollars investment spending Biden and a bipartisan group of senators have supported with legislation in Congress were causing inflation have proved not to be true. Inflation caused by bottlenecks in the supply chain, the pandemic shifts, and the Ukraine war, has come down to 3.4% in Dec 2023. By investing in the US economy, in US manufacturing and US jobs, the US under Biden now has the best economy of the 7 advanced economies with higher growth and unemployment below 4% for 24 straight months, lower inflation apples to apples. Sperling says there were 4 lessons learned during his work with the White House. The first to avoid harm to workers whose lives get scarred by loss of jobs. This happened in 1982 and again in 2008 after the financial crisis. Unemployment took 6 years to recover after 2008. And he says the unemployment rate was 15% for younger workers. For the first time economists like Sperling and Treasury Secretary Yellen have grasped what workers feel and have gone through. Sperling cites the devastation to people's lives - the mental health, the divorce, the loss of earnings and depression. The new policy after 2020 resulted in the fastest drop in longterm unemployment ever with black and hispanic unemployment reaching record lows by 2023. A first ever national eviction prevention policy led to 20% less evictions than prepandemic. Second Sperling says 650,000 jobs were lost by state and local governments in the three years after 2008 financial crisis. State and local budget cuts and mass layoffs seriously hit the economy. This time in after 2020 1.2 million jobs were added with the money in the Rescue Plan and lost jobs recovered in one third the time it took in 2008. Third state and local governments need to deal with the harm coming from the downturn and after 2008 the cupboard was empty. Whereas after 2008 only 154 cities and counties got help to tackle commericial blight, effects on communities, foreclosure and long term joblessness in 2020 Biden was able to send direct funding to all 20,000 local governments and 15,000 school districts. This helped tackle learning loss, crime, and address mental health needs. What a difference it made. Lastly one needed to anticipate something unexpected to happen that flattened projections of recovery. In 2011 3.7% growth projected was flattened when Sperling was senior adviser, and this was flattened by Fukushima nuclear disaster, Arab Spring spike in oil prices, and debt default negotiations. This time there was cushion in the plan so that when covid variants and unexpected Ukraine war happened the rescue could withstand and deliver with resilience. Growth was 3.4% average for the first 3 years of Biden's term and unemployment went down from 8% to 4% for 24 months. Coming from someone who had seen mistakes happen and corrected them, who had served three presidents and the last Biden ,this is a story of how Sperling, Yellen, with the help of Powell at the Federal Reserve, and the bipartisan support put together by a US president in Congress , one who has served the country in the Senate more than any other recent Senator and led the nation with courage, patience and determination. ...

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The U.S. Federal Reserve's forecast for the American economy is for growth in GDP of 2.2%-2.7% for 2012, wih unemployment of 8.2-8.5% by the end of 2012. The Commerce Dept. estimates for GDP growth are 3.0 percent annual rate for the 4th quarter 2011. Fed chairman Bernanke remains cautious about the economic prospects for 2012. Higher oil prices are expected to push inflation above the 2.0% Fed target for 2012. Bernanke's description of the recovery in early 2012 is that it is "uneven and modest" and unlikely to improve much for unemployment.

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Issuance of junk bonds in 2012 reached $274 billion in 2012, an increase of 55% over 2011, according to Dealogic. This is double the levels observed before the financial crisis of 2008. Yields on low rated junk bonds have declined to about 6% as prices move up. Also observed is an increase in covenant lite corporate loans. These types of loans relax lending standards- this increased from $8.5 billion in 2010 to $36.5 billion 2011, and $58 billion in 2012, according to Dealogic. This has drawn the attention of Fed Governors Jeremy Stein and Richard Fisher of the Dallas Fed, who have raised a warning about the rapid increase in credit and financial risks.

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Kenyan president Ruto says after the tax hikes that led to protests were cancelled- this would increase the borrowing needs. The funding gap in Kenya's finances was 600 billion shillings or $2.7 billion, now he will add another 346 billion shillings to this borrowing.

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WSJ's Vibhuti Agarwal and Shan Li describe the situation of families in New Delhi during the coronavirus surge that is affecting India in April, 2021. WSJ says the outbreak in India has implications for the world- threatening to extend the duration of the pandemic into 2022, with the possibility of new mutations bringing new dangers from the virus. Public complacency, relaxation of restrictions and failures in compliance with covid protocols after weariness with the long social and economic isolation, elections, and the force of a new variant, have led to the situation in India, with over 300,000 cases of infections daily.

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India's crude oil imports were sharply higher in 2011 and 2012. India's imports of crude oil for the first 11 months of the 2012 fiscal year ending March 31, show a 40% increase over the same period in 2011 fiscal year. India's import bill was $128 billion for crude oil imports for the 11 months of fiscal year 2012. Indian subsidies to lower prices for fuel are $30 billion annually. The higher prices for crude create inflationary presssures in India and restrict economic growth.

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Dad's role has changed in 2026 in Conservative Families with a sharing of the chores in raising kids. This may just be in the interest of everyone's health and well being including the children. Faith based upbringing of children by dads and moms in conservative families while all the time splitting the chores. And often two incomes needed in today's cost of living pressures mean this is the only way to make it work. There is also the feeling among Dads they want to be better than their absent fathers when they were growing up. 

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Following the pandemic France is boosting aid to Africa increasing foreign aid and combining development agencies to target funding to create value for the people of Africa. The aid to all parts of the world increased from 10.9 billion euros to 12.8 billion euros in 2020, By 2022 the target for Macron and France is 0.55% of GDP for world aid.

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Scott Kupor, head of Office of Personnel Management for federal workforce, says only 7% of federal workforce is under 30 years- he plans to bring younger people into the government. In 2025 383,000 people were laid off and 123,000 hired. Now the government agencies are recruiting new people based on the new priorities of who should be hired, including bringing in younger people who are underrepresented in the federal workforce and can bring new energy and knowledge to the federal agencies. Kupor wants to rebrand the government as launchpad for college graduates and early career professionals,  and bring in people in health care, program management and technology roles, says The Washington Post.

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A ban on foreigners buying homes in Canada by the Trudeau government is intended to put a lid on house price increases. Immigration is increasing to Canada as Canada needs more people. About 3.5 million new homes have to be built in Canada to achieve house affordability for all. The government has proposed 465,000 new permanent residents in 2023 and 500,000 in 2025. Immigration from India and China and other Asian countries is the main source of permanent residents. The new infusion is needed as Canada's economy grows.

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Gone are the days when Gandhi's India was stuck for 50 years in a sort of wavering in its standing up with America. Gone are the days of John Foster Dulles and the Eisenhower administration and the Kennedy administration following British policies of not seeing India's potential. Gone are the days when Nehru's own lack of comprehension and grasp of India's potential and the potential of 1.4 billion people made him put India in a non-aligned movement that was going nowhere with the likes of Yugoslavia (that no longer exists) and Egypt ( which is struggling). This is what Jaishankar referred to as "overcoming the hesitations of history", and Rubio as "perfectly positioned." Deep introspection on both sides with the live events in West Asia of 2025 and 2026, America's willingness to confront the issues in a straightforward manner under DJT, and Modi's patience, willingness to wait and still build for the US the strong relationships that it was loosening up with the European Union to regain the initiative in the western hemisphere with the Monroe Doctrine (Merz visit to India and Modi visit to the Nordic Summit/EU Summit in Oslo), proving the maturity of the relationship. America did not need to cover its own relationships across the Atlantic while attending to the damage done by drug cartels and foreign interventions in its backyard leading to more loss of lives in drug deaths than the Korean, Vietnam and WWI combined. India had already done so and would hold the relationships together in the interests of the Modern World created by Britain, the US, and the countries of Europe through the Renaissance, the Scientific and Industrial Revolutions. In a way Asia had matured- both China and India keen to join the Modern World of science and technology, of modernization, are on the same path, and seek relationships that matter, India on the American side and China in a arrangement of cooperation with competition, at the very time the European nations led by Britain and Germany were faced with struggles from European history from 1700 of how to deal with differences they have with their large Northern neighbor Russia and its concerns about NATO. ...

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Japan is still very cautious about nuclear power after the meltdowns at Japanese nuclear reactors in Fukushima. A decade after the 2011 earthquake and tsunami hit the nuclear reactors only 9 reactors are operating compared to 54  earlier. In Germany the final reactor is set to be retired in 2022. From Wales to South Korea and the US planning has stopped after Fukushima.

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In this address to Congress in April 2021 US president Biden offers his plan to invest in American families and people. He calls it "a blue collar blueprint to build America." It also comes from a blue collar family to which Biden belongs with generations of American workers in the Biden family in the last hundred years who built America in the past.

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A lot has been written about inflation in car pricing. This is true also of airlines and hotels this summer. Dawn Gilbertson in the WSJ says the 2023 travel rush continues, hotels and airlines have pricing power, and inflation is squeezing budgets. The solution is to have Plan B destinations, shorter trips, and plan airline reservations in advance looking at different alternatives based on airline and alternative destination choices. Average daily hotel rates have jumped to $180 this year in the US, up 10% since 2022 and 15% since 2019.

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New fixed rate 30 year US mortgages have interest rates of 7% in September 2023. Interest rates on car loans also have become much higher. The American Association of Realtors says the typical American family cannot afford to buy a median priced home. The typical American household would need 42 weeks of income to buy a new car up from 33 weeks in 2020. Car buying is unaffordable for buyers now because of high car prices and high interest rates on car loans, says the chief of Moody's Analytics.

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The Editorial Board of the WSJ questions the lack of debate on the frequent lockdowns and the quashing by public health officials Fauci and Collins of an alternative point of view on lockdowns. That point of view by epidemiologists at three universities Oxford, Harvard and Stanford favored a policy of "focused protection" of high risk populations instead of snap response of blanket lockdowns. It cites statement by Dr. Fauci that people who criticize him are "really criticizing science, because I represent science. That's dangerous." And questions the idea that one man can by himself represent science, saying scientific debate over pandemic policy was and still is in the public interest. In some ways the Biden administration has adopted some of these ideas on a new pandemic policy that does respond with focused and selective lockdowns. Today shuttered businesses, lost livelihoods, untreated illnesses, mental illness, isolation effects are all taken into account in decisions throughout the US, and other countries in Europe, in Asia and the rest of the world. Some of the emails mentioned in this WSJ editorial were in October 2020 at the height of the first wave and second waves before the vaccination drive in 2021, when the fear of the coronavirus was the dominant response. Yet a spirited public scientific debate could have prevented some of the rancor and division that has led to high vaccine resistance in the US with fully vaccinated stalling at about 62% of the American population at the beginning of 2022. It did'nt have to be that way. America could have done a lot better with sincere scientific and public debate. ...

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The Center for Economics and Business Research in London estimates GDP growth for the UK of 0.4% in 2012. According to Britain's Office of National Statistics the UK economy contracted by 0.3% in the fourth quarter of 2011 compared to the third quarter.

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US Defense Spending charts as percentage of GDP since 1929 startling fact seen in this chart of Federal Reserve Bank of St Louis- that in 2026 we are seeing 1929-1937 levels of military spending to GDP ratio of 2-3% just before it jumped to 45% in 1940 in World War II. It is a cautionary tale not to spend too little (2-4% is a danger point), as lack of military modernization means a lot more spending soon after, almost 10 times that- 10 times 4% or 40%. Message to the US is not what Starmer and company are saying in Europe- it is that don't invite the existential crisis of 1940 again for western (US, EU, Canada, UK) and eastern democracies (India, Japan, Indonesia, Australia) by ignoring costs of military modernization. And 2-4% of GDP for military spending is not going to do this.