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This story about companies in Australia that have tried a four day week shows employees using two mini weeks working Monday and Tuesday, taking off Wednesday and back to work for Thursday and Friday. It shows employees planning their Mondays and Tuesday miniweek in such a way that they can handle important work and meetings ahead of time. They come back recharged and renewed on Thursday, with Wednesday as the day to break up the work week in two. This has increased productivity at these companies. This is also a useful idea for older employees who work part time and work past usual retirement ages of 60 or 65 years as longevity increases in many countries. This enables retaining the vast experience of older workers in the workplace and promoting the health of older workers by keeping them active. As Japan, the U.S. and Europe and even China become aging societies this is becoming ever more important.  For worker on five day weeks this offers creative ideas to have a four and half day week giving workers a morning off or an afternoon off to recharge with sports or recreation activity or exercize, then coming back to work recharged in the afternoon. Other variations can also be used which promote productivity and employee satisfaction to get more of the most valuable work done more effectively and with enthusiasm, pushing less important work and time wasting out of the way. Employees generally would take charge of their work day and come up with creative and efficient ways of organizing their mini work weeks. ...

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"What the hell kind of system is this?" That is what Jim Rogers, a co-founder with George Soros of the Quantum Fund, asks as he sees Chuck Prince taking out hundreds of millions of dollars out of Citigroup, and other Citigroup executives take many more hundreds of millions of dollars out of the company. As he sees Stan O'Neal get $150 million for leaving Merrill Lynch after he ruined the company. And Frank Raines he says did worse accounting than Enron with Fannie Mae, fradulent accounting year after year, and yet Raines is walking around with millions of dollars. One can add to Rogers list, Mozilo of Countrywide who was one of the principal figures behind pushing bad mortgage deals for homeowners that profited those in the business of real estate, and he is walking around with millions. So is Citigroup's Robert Rubin if one looks at those who had reputations to preserve, and he hopes to devote his time to charites as he says in his resignation letter to Citigroup CEO Pandit. See groups and links for Mozilo and Rubin. Jim Rogers thinks Long Term Capital Management should have been allowed to fail. Greenspan, Rubin, Summers, and Geithner were behind the rescue of LTCM. In the worst case scenario the economy would have recovered from a LTCM collapse, and the intervening period of dislocation would have sent a strong signal to financial institutions about excesses, risk taking, leverage, and put a necessary element of caution in all financial arrangements. Jim Rogers says Lehman would have lost a lot of money with an LTCM failure and it would have slowed Wall Street down for years. Some small degree of grief from time to time may be a normal part of any economic system, especially with excesses of one type or another, just as it is for the human condition, and may be away for the system to protect itself from bigger dangers by addressing and controlling the excesses. By eliminating this grief one may be subjecting the system to bigger and more life threatening stresses later on, as these excesses assume an exaggerated form. ...

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The defensive nature of invesments in healthcare sector with increasing uncertainty in the 4th quarter of 2014 and the first quarter of 2015. The S&P 500 Healthcare Index trades at 17.3 times earnings for the next 12 months, up from 16.7 at the beginning of 2014, according to FactSet. By comparison the S&P 500 trades at 16 times earnings. A major factor pushing earnings is the development of new drugs for cancer, and other diseases. FDA approved 41 new drugs in 2014, up from 27 in 2013, and 39 in 2012.

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Daily Telegraph and Financial Times accounts of the problems with Autonomy revenue and earnings that were ignored in the hasty acquisition.

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The first presidential debate in Denver, Oct 3, 2012. For the first time Romney came out as a recent Republican governor of Massachusetts, the most liberal leaning state in the U.S. For a reason that remains a mystery, except that Romney had to shore up support with the conservative base of the Republican party, Romney did not aggressively adopt positions that would appeal to the vast majority of Americans- from people on foodstamps which he said in this debate had increased by millions under the Obama administration, working class Americans, ordinary Americans about to lose insurance with higher premium costs from the unending increase in the cost of healthcare, seniors on Social Security, workers insecure or losing jobs as the economy fails to recover, and young people who cannot find work. As governor of Massachusetts Romney had to be able to address the needs of different income groups, the middle class and working Americans, and his own father who is his role model was a governor of Michigan, a liberal leaning midwestern state with the largest number of autoworkers in the U.S. He asked Obama directly how he could have focussed on Obama care and passed it without a single Republican vote when 23 million Americans were out of work and the first priority should have been high unemployment. Obama responded by saying he would defend the middle class but did not say what he would do in the next 4 years that was different from the economic policies between 2004-2008. Romney made clear that he was not going to reduce taxes if it would increase the deficit even though Obama said Romney planned to increase taxes by $5 trillion and worsen the deficit. At one point Romney said looking at Obama that he could own a house, a plane, but could not own the facts....

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The SEC requirement that companies disclose the ratio between median worker pay and the pay of senior executives. The SEC says it is putting out the rule as part of implementing Dodd-Frank legislation to control excessive executive pay. Companies will be allowed to survey a fraction of their workforce as appropriate for companies with global operations. Executive pay will include pension benefits and stock options under the new rule. A WSJ chart using information from the University of Southern California and the Bureau of Labor Statistics, shows the ratio between what CEO's on average make and rank and file workers make remained at about 30 times in the post war period till about 1970, a period of rapid growth in the U.S. economy. By 1980 this climbed to about 60 times and exceeded 100 times by 1990. The period of stratospheric growth for CEO pay and extreme widening of the gap then occurs between 1990 and 2000. By 2000 the dot com boom- telecom boom and the internet- creates a surge in executive pay reaching over 500 times. This drops to about 280 times in 2008 and picks up again to reach about 320 times in 2011. Many of the poor business practices, the excessive leveraging and risktaking in the financial industry, take place against this background of excessive pay for senior executives. Some of that risk was passed on to others through such methods as securitization in the period leading to the 2008 financial crisis, so that executives were compensated with higher pay for taking excessive risk that they personally or their companies did not assume. Dodd-Frank legislation following the 2008 financial crisis sought to correct this imbalance by having pay information disclosed. The excessive pay has also coincided with an increase in the frequency of boom-bust cycles in the economy. The busts prompted the needs for intervention by the U.S. central bank, the Federal Reserve, to drop interest rates more than would otherwise have happened during this decade, culminating in the huge bond purchases and monetary easing by the Bernanke Fed. The SEC under Mary Jo White is mindful of these distortions in the economy as a result of misallocation of resources based on excessive executive pay, and the need to take action before the next crisis. ...

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There was a time when tech meant scientific advance for mankind and something positive for ordinary Americans. Today "Tech" can mean something different from what it used to mean, including something that is unwanted, even pernicious, something to increase profit margins even to exorbitant levels that hurt ordinary Americans and the public, and not a scientific advance in the real sense of the word. Nothing that inspires hope and better future for mankind. RealPage software that induces increase in housing rent prices is one aspect of the current housing cost of living crisis that Harris is focused on. Binyamin Applebaum of the NYT looks at the RealPage software sold to housing companies that would increase prices and be an added burden to households already under pressure from rising grocery prices and housing rent increases during the pandemic. This is a key issue for voters in 2024 and a comprehensive approach has to be taken on many fronts to address costs- including attack on price gouging, $50,000 for first time home buyers, and incentives for home building that Harris has proposed, and other actions.   ...

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NatureQuant is a startup in Oregon that is providing ways for people to spend more time in places that best support the link of nature to healthy living. It has developed a Nature Score using satellite imagery on noise, air pollution, park space, trees, and open spaces. One can look up Nature Scores by neighborhood as shown here in The Washington Post by Harry Stevens, Climate Lab columnist.

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China's civilian and profit oriented enterprises now work for the military and the People's Liberation Army. The spy balloon program has one individual behind it Beijing academic Wu Zhe, who is a member of the Communist party and has formed several private companies to develop balloons, with several patents on the technology, says this report in WSJ. Four of six companies blacklisted by the Commerce Department have ties to Wu Zhe says this report.

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Ian Talley provides this excellent account of how this drop in oil prices is likely to add to economic growth in major world economies, removing any ambiguity about the positive effect on the global economy. West Texas Intermediate crude dropped to about $65 from $105 between June and December 2014. The IMF estimates growth in 2015 will increase from 3.1% to 3.5% largely because of the lowering in energy costs. JP Morgan Chase economists see an addition of 0.7% points in global growth in the first half of 2015. ECB president Draghi sees the lower oil prices as an unambiguous positive. Estimates from Rhodium Group show major oil importing countries seeing import bills cut by $500 billion if prices remain low for 6-8 months, with $90 billion going into the U.S. economy. IMF estimate is that only 20% of the drop in oil prices is from lower demand, about 80% from higher fuel efficiency, increased supply using new technologies, decisions by OPEC to lower oil price, increases in supply. Based on estimates by the Rhodium Group, IEA and the IMF, the extra money flowing into the economies of the U.S., Asia and Western Europe from reduced oil import bills, as measured in percentage of GDP is: the U.S. 0.5%, Germany 0.8%, Japan 1.2%, China 0.8%, India 1.8%, South Korea 2.4%. Italy and France and other oil importing countries benefit. The impact comes at a time when Japan, China, India and eurozone economies badly needed a boost after significant slowdown in growth in 2014. It could not have come at a better time and because it is technologically driven as in the case of highly fuel efficient automobiles and new oil exploration technologies, a self sustaining process. The corresponding impact for oil exporters is: Russia -4.7%, Nigeria -5.4%, Venezuela -10.2%....

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NY Times analysis shows upper and middle income groups support 33 year old Zohran Mamdani,  black and Hispanic residents support Cuomo for NYC Mayor. Mamdani has a good ground presence with 50,000 volunteers knocking on 1.6 million doors in an unprecedented effort in one American city as it became less and less affordable (WSJ). Paradoxically large numbers of higher income resident and middle income residents favored Mamdani over Cuomo, and Cuomo did better in black and minority neighborhoods. Mamdani promised better housing, freezing stabilized housing rents and going after landlords who do not fix rental properties, free buses, and city run lower cost grocery stores, free child care. For the funding Mamdani says $5 billion by making corporate tax 11.5% similar to New Jersey, and by a wealth tax of 2% on incomes over $1 million (which at $20,000 would not affect their standard of living), as the property owners supported Mamdani. Mamdani is a immigrant who came to America from Kampala, Uganda at the age of 7 with Indian parents. His father taught at Columbia University, Mamdani attended Bowdoin College in Maine. ...

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These scathing remarks by Rob Mudge of DW.com about Angela Merkel as bringing change or modernization to Germay come as Germany votes on Sunday. He says of Merkel's CDU that its core base is over 65 years voters. Mudge says CDU should modernize itself first before attempting to modernize Germany as it says in its slogans around Germany. He says the constant eulogizing of Merkel in the media is pointless. CDU party he says is mired in Merkel's sedate weiter so (keep it up) politics. Most of CDU is staid and unadventurous at a time when Germany needs to move forward with new ideas and invest in its future. He faults the CDU, both Merkel and Laschet, with spreading meaningless fear mongering about the SPD and Greens, at a time when the SPD vice chancellor has devised most of the anti covid economic packages for Germany and the European Union. Social Democrats Olaf Scholz, as vice chancellor, brings the very stability Germans look for, with the efforts for modernization and bringing together all sections of society Germany desperately needs today. Annalena Baerbock of the Greens party brings youthful energy with a new openness to invest in Germany and the people of Germany. ...

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Safeway invested $8 billion upgrading stores over past six years. As the economy has tumbled it is having atough time bringing down prices fast enough as frugal coustomers defect to other stores. Its prices are 10.7% higher than Kroger according to J.P. Morgan pricing study of 31 identical products.

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Chloe Kelly of England soccer plays a key role with her self belief, energy and pace in Euro Finals 2025 against Sweden in a come from behind second half, against Italy, and now in a come from behind against Spain in the second half. She makes the pass that Russo heads into the net for 1-1 going into after time. She comes in after Lauren James ankle injury and immediately makes a difference with her pace attacking with Hemp and Bronze the back line of Paredes and Batlle of Spain.

England beat Spain 3-1 on penalties with Chloe Kelly making the winning penalty kick.

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A Liberal Democrat, Lord Alderdice, praises the courage of Prince Philip when he stood alongside Queen Elizabeth as she shook hands with Martin McGuiness- the handshake that ended the war in Northern Ireland. Martin McGuiness led the IRA at the time when Lord Mountbatten, a father figure for Prince Philip and his mentor, was killed in the conflict of Northern Ireland.

The Duke of Cambridge describes his grandfather as "an extraordinary man and part of an extraordinary generation."

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Cummins gets 5 wickets, England's top batsmen out for three ducks, two years of preparation show the tension, the need to throw the "million dollar fast ball" as bowler Harmison did in Brisbane in 2006 sending the ball straight to second slip. This time the first ball by Mitchell Starc dismisses Burns. This is the first day of the Australia England Ashes cricket series.

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Credit Suisse research of loans at 3,550 nonfinancial services companies in India with total borrowing of $385 billion as of March 31, 2011, shows 30% had net debt more than six times current earnings before interest, taxes, depreciation and amortization. This is an increase of 50% in 5 years. Goldman Sachs estimates gross nonperforming loans including restructured debt will climb up to 6% of total loans in the next financial year. This is an increase from the 5% in March 2011. The Reserve Bank of India's stress test report of Dec. 2011 forecasts 5.8% of non-performing assets in a worst case scenario. This is twice the current level. This is largely a result of Indian banks increasing lending after the 2008 global financial crisis, with the worst affected and leveraged sectors being private airlines, construction companies, utilities and real estate developers. At the same time prudent regulation has ensured a capital to risk-weighted assets ratio according to RBI of 13.5% at the end of March 2011. This compares with the same ratio at 14.5% as of March 2010. Additional risks come from declining economic growth. Industrial output in October 2011 was down 5.1% from the prior year. ...

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Extraordinary returns of 8-15 times the original investment for investors in AMR (American Airlines) shares following the merger with U.S. Airways.

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Documents from the Fox News Defamation lawsuit show much tension between news personnel and the television network's prime time news show hosts, says this report in the WSJ. Dominion has $1.6 billion lawsuit in March 2021 against Fox News for defamation. It says the network spread claims that the company's voting machines helped rig the 2020 US presidential election in favor of Mr. Biden. 

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Analysts say Abbott has paid a steep price for India's Piramal Health Care. Abbott is buying the Indian drug company for $3.72 billion, which is 48% above Piramal's market cap. Going by Piramal sales of $500 million a year , this is 7 times expected sales. Daiichi Sankyo paid 4 times sales for Ranbaxy in 2008. Analysts say this will give Abbott a 7% market share in India's branded generics market. Yet this market is highly fragmented with the top 20 makers having 60% of the market and many small companies.

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PM Modi's address to the Law Conference in October 2022. Modi talks about the importance of laws in society playing a constructive role to promote ease of living, ease of justice, and innovation. Laws from the British times are still on our books, says Modi. About 1500 laws that were outdated have been scrapped and 23,000 compliances that were not needed and a burden on people were scrapped by his administration, says Modi. These laws and compliances had become a "loko ka dabai" a burden on society.  In Gujarat delays in justice were lessened by the introduction of evening courts. During Covid virtual hearings have facilitated the work of judges and made it possible to continue the work of the courts during the pandemic. It is imperative, says Modi, that the courts and the law officials keep this idea of ease of justice and ease of living in mind as they tackle the work of implementing the law, so that respect for the law is enhanced. ...

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In speaking about Indian democracy and human freedom not mentioned was the unprecedented food security or freedom from hunger that was offered to one sixth of the world's population in India since March 2021, year of the pandemic. Not mentioned was the unprecedented health security or freedom from viral epidemic that was offered to the same people in that period with 900 million vaccine doses. Not mentioned was the freedom of expression in 15 Indian languages including freedom to write about the government at local, state and federal levels in the country with a wider spread of language and regional dialects than Europe for 75 years since independence. Not mentioned was the struggle within this democracy to give the younger generation of people under 30 who make up the biggest part of the population an opportunity for the first time in about one thousand years to take charge of their own future. All this one can see with open eyes and open mind. These are also the young people who have the most to gain or lose from the wrong actions at the wrong time, as they take up the challenges of modernization of a clean and vibrant infrastructure friendly India of the future.  ...

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Ways of being close to nature during the time of coronavirus through paintings on wallpaper with designs drawn from walks through the coastal wilderness of the French island of Belle- Ile. A designer and artist with water colors brings this wild nature to life on wall paper.

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A student of international law at Georgetown reflects on a career in the State Department and at NSA and CIA. Avril Haines head of National Intelligence Agency says the law can only take you so far, finds what she is doing in government conflicts with her own beliefs on what is right, that building a more ethical society is still an aspiration.

The adjoining story in the WSJ says Avril Haines headed the NIC during it's meeting with president Biden on Aug 24, 2021, on the origins of a plague like crisis- that resembles the Black Death in Europe which took 25 million lives and after which Brittanica says it took Europe till the 16th century to recover pre-1348 population. At that meeting says WSJ FBI WMD scientist Banaan and FBI, and the DIC scientists were excluded from sharing their views with the US president on the origins of the Covid virus that took 7 million lives and three times that number in unreported deaths.