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Spain's economy contracted 0.3% in the fourth quarter of 2012, according to the Spanish central bank. Unemployment reached 23% in January, 2012. For workers under 25 years age the unemployment rate is 48.6%. The new government of prime minister, Mariano Rajoy, plans to pass labor reform legislation to give companies flexibility to hire new workers, lower dismissal costs and make hiring easier. The economic crisis has a larger effect say experts, because of rigid labor laws. This make it easier to layoff workers than adopt alternatives of lower wages, and which make firms hesitant to rehire. One example is higher dismissal costs- the cost of unfair dismissal is 45 days of pay for each year worked, and 20 days for fair dismissal, which is hard to prove under Spanish laws.

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Peter Baker describes Hillary Clinton's memoir "Hard Choices," about her days at the State Department as covering an enormous amount of ground about different countries but failing to bring the reader close to the events and how they happened. Clinton has written a politically safe memoir, says Baker, with an eye on the presidential election of 2016. There is little detail on her relationship with her rival for the Democratic nomination in 2008, U.S. president Obama. And on Clinton's struggles and hard times when faced with difficult issues the reader gets no more than a passing glimpse without inner details of the events. When compared to predecessor Dean Acheson's memoirs of his days at the State Department under Truman, this memoir looks rather tame, even in comparison with Defense Secretary Gates's recent memoir.

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China's State-Owned Assets Supervision and Administration Commission- which oversees the operations of 129 largest state-owned corporations- and the Chinese Communist party's central organization department, have placed two broadsheet newspaper pages of ads for 20 senior management positions in industries ranging from nuclear power, auto manufacturing and textiles. Only some of the positions require Chinese citizenship, others are open to overseas applicants. The ads appeared in major Chinese and English language newspapers, and on major internet portals.

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Ezra Klein on the three questions on which the Supreme Court will decide after three days of hearings on March 26-28, 2012- the Anti-Injunction act, The Individual Mandate, and Medicaid Expansion. Related to the Individual Mandate question are Severability issues.

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Lehman Brothers stock falls 45% in one day, Sept 9, 2008, as the potential deal with Korea Development Bank fizzles out. All this on the heels of the takeover just a couple of days before of Fannie and Freddie by the government.

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With about one fourth the population of California Michigan has done approximately 100,000 tests, compared to about 213,000 in California. This is about twice the rate of testing in Michigan- with the help of the U.S. government- compared to testing taking place so far in California. The lack of aggressive testing in California could also mean there is a lot that remains unknown about the extent of the spread of coronavirus in California. 

That Governor Newson ordered New York to shelter in place on March 19, 3 days after the stricter stay at home order in France on March 16 requiring a document to show police to go outside, shows California like the rest of the country was not that much different. Beaches were packed in California on the weekend of March 15. A lot remains unknown at this point about the spread of the virus. The urban sprawl areas in Michigan are as hard hit as Detroit.

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In Biden's address at the UN General Assembly he talks about climate change and Covid-19, and a foreign policy that brings together US and its allies in Europe and Asia. He said "the next decade will quite literally determine our futures."  He encouraged "competition" but he stressed he was "not seeking a new Cold War or a world divided into rigid blocks." Biden also said the US would spend $10 billion to end hunger and invest in food systems around the world.

Biden also increased US commitment for developing countries to reduce emissions to total $11 billion by 2024- in a recent interview Indian finance minister Sitharaman says India has done its work for COP21 emissions entirely without US or other funds.

In a few days Biden will hold a Covid summit where he will call for vaccinating 70% of the world's population. 

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Didi Kirsten Tatlow describes the experience of Angel Feng, a 26 year old Chinese graduate from a business school in France, fluent in English, French, Japanese and Chinese. She intervews with Chinese companies in 2010, who always ask a last question about whether she is planning to have a baby and refuse to believe her when she says she does not plan this for five years. Her first job is with a company promoting Chinese brands, which turns out to be bad as the company fires people immediately to slash costs, maintains long working hours and does not respect basic rights. One woman has a miscarraige and is ordered back to work in three days. The socialist era structures have been removed in China and this includes some of the protections for women, and the old ideas are returning in force. Angel decides to work for a semi-state organization run by the Ministry of Education. Women's rights are better protected in state sector companies. The pay of $625 a month is abit lower but it has benefits, including lunch at the canteen, housing allowance, and hours are 8.30 to 5 pm for 5 days a week. Her employer, China Education Association for International Exchange, covers childbirth with employees given at least 90 days maternity leave with full pay....

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The Ukraine war with increases in prices of oil and natural gas, and food imports has hit Bangladesh hard.  The currency has declined by 20% which also adds to the cost of imports. The government of Sheikh Hasina is seeking $1 billion each from the Asian Development Bank and the World Bank.  It is also seeking $4.5 billion for budgetary and balance of payments support through the new Resilience and Sustainability Facility set up by the IMF. The government is doing this in advance to avoid a situation in which most of the tax revenues go to paying for imports at high prices with little left for spending on development needs. Bangladesh imports cooking oil, wheat and other food, as well as fossil energy. The current account deficit is $17 billion and the foreign exchange reserves are about $39 billion in July, down from $45.5 billion in 2021, enough for 5 months of imports for a nation of 160 million people.  Action is being taken to curtail use of air conditioning at mosques. Power outages are increasing and electricity rationing is being done. ...

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What was it like to be an American in those days? Sense of duty and a fighting spirit. Col. Dave Severance was commander of the Marines that landed on Iwo Jima, the 7 mile long volcanic island 660 miles south of Japan, on Feb. 19, 1945. The picture of marines raising the flag on the top of Suribachi mountain was taken as Marines battled entrenched Japanese troops. James Forrestal, Secretary of the Navy, was on the beach below, says this report in NYT, as Severance passes away at age 102 in La Jolla, California.   This picture has become a classic of American resolve and spirit since then. It is also about humility with what Queen Elizabeth calls "self-discipline and quiet good humored resolve" of the British and by extension Americans.  When asked about the photo and his role in Iwo Jima immortalized in John Wayne's role in The Sands of Iwo Jima, Severance said- "I never thought about it. Just that I was a Marine for 30 years and I never ended up in jail." ...

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Elin Hildebrand, is author of summer novels based in Nantucket, a coastal community of Massachusetts. Over 25 years she has written summer novels that have sold tens of millions of copies and now plans making a change to literary fiction set in Academy, a elite boarding school. As writer Elin is unique with her disciplined workout and her small town ways. Keeping a discipline in exercise that is tougher than her writing- seven days a week she rides her bike, does a Barre class and does a slow jog for four or five miles. It took many years to get to where she is, and she is happy for this as success too early leads to disappointment later. Hildebrand works out for three hours promptly after waking up. Nothing is as hard as this workout. She studied at John Hopkins and attended two years in a graduate English literature program at the University of Iowa before getting into writing a range of fiction. From early childhood experiences in Philadephia, a summer at Nantucket, she has put roots in this coastal community of Massachusetts for about 25 years. ...

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This view in WSJ about Trump the candidate being no different in 2024 than eight years back in 2016, by Gerard Baker, gets 3813 Comments from Readers. It says Trump today in 2024 is no different than in 2016, only then he faced a candidate Hillary Clinton who had spent so much time in endless foreign travel as Secretary of State, that she had lost touch with the American people. In that situation Trump prevailed and that by only 90,000 votes in 3 states. Baker comes to this conclusion by reading carefully and objectively assessing the meaning of the Mar Lago interview that Trump gave last week. He says this time Trump is up against someone who is clearly in touch and and a seasoned politician. One that is able to give voters a chance to project on a clean slate whatever they want to see. This even though Kamala Harris has well known views from her days as Attorney General and Senator. Baker sees Trump lacking a coherent message and failing to provide a vision for the future, simply restating what was said before. ...

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Much of the growth in 2022-2024 was a result of Biden administration government spending on infrastructure supported by private sector spending. With efforts to cut waste and set new priorities in government spending, growth in 2025-2026 has to come from private sector spending with the DJT administration. The tariffs in the first 100 days are seen by business as a bargaining chip. Scott Bessent has described the tariffs as domestic policy, and president DJT has stated clearly that the tariffs against CMC countries, Canada, Mexico and China, is intended to stop the flow of fentanyl into the US. The scale of the fentanyl issue can be seen from the 490,000 American deaths over 12 years from fentanyl.  It is incumbent on CMC countries to take action on fentanyl. It is also incumbent on the CMC countries and on the EU, on opinion in business and the Silicon Valley in the US, to grasp the real dimensions of this crisis destroying so many lives, that is so unprecedented in the history of the US.   ...

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In a major effort to halt increased missile attacks on Kviv and Ukraine by Russia DJT makes a decision to send Patriot anti missile systems to Ukraine financed by Germany. “It’ll be business for us, and we will send them Patriots, which they desperately need, because Putin really surprised a lot of people. He talks nice, and then he bombs everybody in the evening. There’s a little bit of a problem there, and I don’t like it.” In Congress Senators Graham and Blumenthal have 85 Senators behind a bill to support Ukraine and place penalties of upto 500% tariffs on countries that support Russia in its war effort by buying oil -including China, India and Brazil. Graham says- "China, India and Brazil buy oil and petroleum products and other goods from Russia—that’s the money Putin uses to prosecute the war.” Graham adds- "the U.S. had reached a turning point regarding Russia.” ...

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Added sugar is the big culprit in the way we age, and in our general health, the diseases we get. This is not just about obesity, its about metabolic health- getting only the amount of sugar that is good for us. Unknowingly if we are not careful, not checking labels and without any advantage we end up taking added sugar when we eat packaged foods. About 70% of packaged foods contain this added sugar. Most adults in the U.S. and other countries get 17 teaspoons of added sugar a day or twice the 9 teaspoons that is recommended for men and three times the 6 teaspoons a day recommended for women. For children the recommended limit is 3 teaspoons. Just by being a bit careful and removing this added sugar from our diet we can enjoy much better health. It is not giving us much because we can still have some sugar in healthy natural foods, in fruits and vegetables, and a smaller amount of plain sugar. After the first couple of days of a change one may not even notice this. By so much has our sugar intake grown particularly with packaged foods, that a small change can bring big results in health and healthy living style. ...

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Cotton prices spike going up as much as 30 % in 2 days creating a shock in the cotton markets. Some blame millions of dollars in bets by institutional traders and the Commodities Futures Trading Commission is conducting an investigation whether they are artificially inflated.

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The drone sightings at Gatwick airport in London that shut the airport down for three days turns out to be a farce. Police say it is possible there was no drone there in the first place. A couple was released after being held by police for 36 hours. There were public sightings of a drone but no real proof.

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A logistical feat with 200,000 tents 67,000 streetlights, half a million parking spaces, Indian spiritual festival Kumbh Mela 2025. A tent city was built over 15 square miles to accomodate people 4 million to 80 million on festival days. It took months to build and will take 2 months to dismantle  before monsoon rains. Where is this festival? In Prayagraj, Uttar Pradesh state, India, in prayers to Lord Shiva on the Ganges river.

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In this article in the WP Hohmann points out a rule mentioned by Secretary Powell and Armitage, that "you brake it, you own it," a kind of Pottery Barn rule. When you have the majorities in both houses of Congress and the White House, then there is nobody to blame if you cannot produce results or things don't improve. This happened to Obama, Pelosi and Reid after 2008 when they lost both houses of Congress in the 2010 midterms. Now the Trump Republicans with Ryan and McConnell face the same situation.

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Faces of migrants to Germany as Germany sees the migrants as what German chancellor Merkel calls- "A huge national challenge, not only for days or months, but for a long period of time." German civil society shows openness, and German educational institutions offer support. About 800,000 refugees will be accepted in Germany in 2015, says Merkel. An adult migrant is given 143 euros a month for pocket money and 216 euros for basic needs, medical costs are covered. Children are taken care of or attend school while their parents applications are reviewed. Registered migrants are given housing and food. The system works like nowhere else in the world, as most migrants focus on getting to Germany. The condition of the migrants is desperate- one child had not eaten for 4 days. And local doctors examine migrants, with some referred to local hospitals.

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Friedman describes the poor choices remaining in the Middle East with Iran, Iraq, Islamic State, Egypt, and the conflict in Libya. The last days of the election campaign in Israel have also worsened tensions in Israel with deep differences between the Likud and the Zionist Union.