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Patent related profits for US publicly traded companies$9.3 billion in 1999 from $8.4 billion in 1997. Patent related litigation costs in the USA $16 billion in 1999 from $8 billion in 1997 (a 100 % increase in litigation costs in 2 years). What migt the figures be like in 2007? Note that two thirds of the profits went to chemical and pharmaceutical companies.

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CIA Director Michael Hayden's comments for the Landon Lecture at Kansas State University in Manhattan, Kansas.

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Toyota's Tundra plant in Texas looks to have come in at the wrong time. Its operating well below capacity and its hurting margins. Toyota sales in North America will decline by 188,000 according to forecasts for fiscal year ending March 2009.

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An poorly timed bet on the Tundra plant in Texas backfires on Toyota leading to sales and profit decline. A 28% decline in profit in the 1st quarter 2008. The $1 billion Texas plant that opened in 2006 is operating well below capacity as the bottom is falling off the large SUV market.

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Because of the weakness in the education system companies like Wipro, Infosys and TCS have to have inhouse training programs to train new employees. They are also turning to smaller cities as about 300,000 new employees are needed every year.

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Uttar Pradesh Chief Minister Adityanath on the changes in the economy for modernization and clean governance in India's largest state.

"Our government neither fears the mafia nor bows to vested interests. Every policy, reform, and decision is guided by one principle: The welfare and empowerment of our citizens."

"Our vision is clear: Bring jobs to people, not people to jobs. Migration must be a choice, not a compulsion. Every citizen of UP deserves the opportunity to build a future in their own homeland. With the largest population in the country, UP’s greatest strength lies in its youth. In a world witnessing economic shifts, technological change, and global uncertainties, this demographic strength becomes a powerful asset."

 

 

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Students are failing in math and need remedial preparation. Professors are alarmed at UCLA and UC San Diego. Governor Newsom pushed his not well thought out initiative to remove SAT/ACT preparation so that it would help disadvantaged students when it is exactly that kind of rigor that all students need. And to help disadvantaged student special programs and teachers should be setup before college entry not remove rigorous preparation requirements that all student can take and benefit from preparation. There is no substitute for discipline and hard work in education and this starts early in the K-12 process and goes through all the level to 12th grade when the preparation all over the world gets rigorous, as it is in Asian countries and in Europe.

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This editorial in the WSJ says Judge Hannon was right to question the wholesale suspension of immigration law by the DHS memos blanket use of discretion in impementing existing immigration law. The ruling did not address the broader constitutional issues for an executive order that bypasses the states (and Congress) completely- 26 states have questioned the order. WSJ says Obama's executive order is going beyond presidential powers, and can be done by enacting legislation under Article I of the U.S. Constitution. Hannon's ruling justifies the injunction against the executive order on the basis of unfunded mandates such as the $198.73 it costs to process driver licenses for 500,000 illegal immigrants living in Texas from a total of 1.6 million illegal immigrants in the state, not even taking up the other costs related to education and other benefits.

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One consequence of the change in climate change policy is addressing the unaffordability crisis for cars. It would reduce the price of cars by about $2400. It removes the tighter emissions standards of the Biden administration giving automakers some relief. Price of car had surge under the Biden administration. As gas prices are brought down this is an effort to bring down car prices. How does this affect global emissions? Diana Roth from the DJT Transportation Department says- "It's gone to China, where it's made in a dirtier way. So to say that we're reducing global emissions by ending energy intensive manufacturing in some countries, then having it go to China and India, where it's made in a dirtier way, does not reduce global emissions." This suggests it is not necessarily true that global emissions that affect climate change are reduced when the US by itself alone cuts emissions and this then saves lives in a significant way. That does not offer the complete picture. And the current approach under DJT is to temporarily give affordability and cost of living priorities equal consideration for policy an approach accepted by the Biden administration. ...

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The Biden administration informs the WHO that it no longer supports the approach taken by previous administrations from Bush through Obama and Trump of not regulating Tech companies. Tech companies Google, Facebook and Apple have through heavy lobbying written the regulatory framework of no regulations. This has resulted in monopolistic behaviours, suppressing competition, ignoring customer needs, not considering privacy of information and other problems. Farah Stockman of the NYT traces how this happened and why the Biden administration is taking action.

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Israeli officials say it did not see an attack on the Iran consulate in Damascus as a provocation. Israel did not let the US know till just before the attack. Israel's government made a miscalculation on the response says this report in the NYT. US officials see  events in the Middle East as miscalculation after miscalculation on all sides leading to escalation after escalation with unpredictable consequences, and seek to de-escalate the conflict.

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On Jan 19, 2023 the US hit its debt ceiling of $31.4 trillion. Republicans control the House of Representatives by only a few votes after a strong showing in midterms by Democrats who control the Senate. A small section of the Republican party insists that raising the debt ceiling- a task performed by the House of Representatives- should only be done with serious cuts to Biden programs to help workers and families during a cost of living crisis. Biden says he will not negotiate, simply won't.  This report in NYT by Jim Tankersley, says president Biden in the last resort could resort to the 14th Amendment which says: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions shall not be questioned." What this means is that in the last resort if Republicans insist on serious cuts because of a faction within the party, and not because the whole party supports it, Mr. Biden could continue public borrowings to pay social security and make other payments. Moody's says this would lead to a rise in borrowing costs temporarily but would not lead to a recession, and have long term benefits as the debt ceiling could not be applied in the future. It would be challenged by Republicans and go to the Supreme Court which would have to decide on the issue: "the validity of the public debt of the United States shall not be questioned." This drew 1338 comments on NYT. ...