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Swedish word lagom means just the right amount, and it is deeply rooted in the Swedish culture, says a decluttering expert cited here in this report on how to clean up. Anything that you haven't used for a long time, set it aside, give it away, keep only the important things. Its called death cleaning here but it is more than that, just keep life simple, don't accumulate, and it makes it easier to enjoy life. All the clutter only comes in the way, more of a hindrance to living.

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Who are the biggest recipients of food stamps and Medicaid in 2023? Not black people in inner cities, says Krugman, they are white people in towns and rural areas that provide much of the support for the Republican party. There the effects of deindustrialization are still felt with the export of manufacturing jobs and the effects of neglect of rural areas under both parties. The rapid recovery from the Covid pandemic and the Biden recovery efforts have helped Black Americans recover from the pandemic and also from the bad effects of the 2009 crisis, that banks operating in a deregulatory environment caused. This is shown in graphs by Krugman on how even the 7-8 percentage points difference between white and black unemployment of the Reagan era is down to 1-2%. The economic effects of the moves to suburbs that left inner cities and black people poorer and the effects of deindustrialization are now fading and this is good for Black America.  

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Hints left in this report by Catie Edmondson and Luke Broadwater in the NYT that there is another route to passing the raising debt ceiling legislation in Congress. This is by the rather delicate route that brings together the moderates of both parties and leaves a win win for both sides with nothing that president Biden considers burdensome to ordinary Americans Biden seeks to defend. It means progressive Democrats and extreme Republicans would vote against it and it passes Congress. All sides can say they did the right thing as they go into the 2024 elections.

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How are royals educated? Elizabeth Paton gives a glimpse of how girls from royal families are educated in Europe in 2023. Two are graduating from Atlantic College in a small castle on the southern Welsh coastline, with a focus on diversity, internationalism and peace. Students from diverse socioeconomic backgrounds go to the school which makes them more diverse than a typical Ivy League school in US or Europe which is a good thing. Princess Leonore of Spain shown here with her parents and princess Alexia of the Netherlands. Both girls just graduated at the age of 17. Princess Sofia of Spain is next to go to the college.  It is part of United World Colleges Group. In the modern age it is important for royals to have a deep awareness of their country's problems. Spain and Netherlands have had their convulsions, Spain in the Civil War and the role the two girls grandfather former King Carlos had in restoring democracy in Spain, Netherlands during occupation in the 1940's. ...

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The US economy is showing a stronger services sector in 2023 as demand for goods slows, manufacturing slows, and there is more spending on travel, leisure and in hospitality sectors. This is shown by recent S&P Global Surveys.

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Hou You-Yi of the KMT and Tai Ching-Te of the DPP are candidates for the Taiwan elections in 2024. The Guardian looks at their differing positions in relation to China and the US.

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Conditions such as these are simply unacceptable for average young American families and their children when they rent apartments. A business called syndicated apartments which pools together small investors with promises of high returns in apartment real estate is the focus of this report by the WSJ. As the mayor of Houston has pointed out it has created deplorable conditions for renters in his city, with similar conditions in other cities. In pursuit of profit apartment quality deteriorates creating difficulties for ordinary Americans who rent. This report shows the collapse of this as a business activity with losses for investors with the Fed's increase in interest rates. Another article in the NYT this week shows what a city friendly to renters can look like- Vienna, Austria, which is next on this page. With the increase in mortgage rates doubling home ownership payments more average Americans will look to rent. Conditions such as these are a gross violation of what America's implicit promise is to its people for quality of life. ...

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Ben Hubbard of NYT looks at the difficult situation in the Turkish economy in 2023 with high inflation and the costs of rebuilding after the earthquake. 

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Tips for an enjoyable swimming workout.

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Veggies and fruits can be a good source of hydration.

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About 53% of the world's lithium is mined in Australia and shipped to China, says this report in the NYT. At the Pilbara mineral mine in rural western Australia the ore is turned into spudomene that is 6% lithium, and is sold at $5700 a ton to China where it is refined into lithium that goes into batteries for EV cars. Australia is changing its mindset to refine more of it in Australia for battery supplies and how and where lithium is exported says this report. 

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Peter Landers of the WSJ shows how Japan is becoming an attractive destination for American investment in 2023. Prime minister Kishida has created new interest in Japan after the G7 Summit in Hiroshima.

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Tokyo subway serves 16 million people, New York's 5 million. Tokyo's subway has seen continuous investment over six decades, whereas the NY subway does not get federal spending investment and lacks continuous investment every year. The result is a creaky old system in the US compared to a modern highly efficient system in Japan. WSJ looks at the two subway systems in this video explaining why they are the way they are.

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A study by Blanchard and Bernanke shows energy prices and supply chain constraints were key factors in creating the surge in inflation that happened in 2022. The Ukraine war played apart in raising energy prices . How much effect did president Biden's $1.6 trillion American Rescue Plan have on inflation? Bernanke and Blanchard say not what critics had suggested. Once energy prices were brought under control through the president's policies to $75 energy prices played less of a role in inflation. Supply chain effects also eased throughout 2022. The persistent effect remained the mismatch between supply and demand that is called The Great Resignation that came as a response from teachers, nurses, hospitality sector workers with low minimum wage on which it was hard to make a living. President Biden's payments to these workers gave them enough room to make a definite choice that they would not take the risks during the pandemic and the stress and opted for shifting to other jobs. Employers struggled to fill vacancies and raised wages in response. To reduce inflation the Fed opted to raise rates to slow the demand for goods and services in the economy which has led to a moderating of inflation from the high of 7% in 2022 to falling below 5% by April 2023. Fed chairman Powell's aggressive attitude to inflation was based on not letting an inflationary psychology set in, that could damage the interests of workers and families who had already suffered from the pandemic's effects. This is where we are today as the economy adjusts to the fight against climate change, investments in renewable energy and infrastructure, and efforts to reduce the deficit by president Biden in a way that reduces the widening gaps and social divisions in society.   ...