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 India would be 27% richer if it rebalanced its workforce to include more women, according to the IMF. Women's participation in the workforce is the lowest of the G20 countries except Saudi Arabia. Contributing only one sixth of economic output, half the global average. The employment rate of women in India has dropped instead of rising from its low level, an alarm signal. It was 35% in 2005, now in 2018 it is 26%. In the last decade the economy has more than doubled in size and number of working age women, according to the IMF is 470 million. Part of the reason is that more girls are in school. Conservative social rules mean that women are discouraged by their families or in-laws from working outside the home. As families become richer more women stop working. The lack of manufacturing jobs is also a constraint. Men have taken 90% of the 36 million jobs in industry created since 2005. Census data show that more than one third of women would take jobs if they were available. Urbanization and the shift to cities means less work in farming, mechanization of farming makes for less agricultural work. Changes in attitudes and better policies for maternity leave and women friendly workplace could help. Because most of the jobs are still in the informal economy, this is not as effective today but could make a difference in the future as more formal jobs are generated. Attitudes where men do more housework can make a difference. If men spent about 2 hours doing dishes and putting kids to bed, there would be a 10% increase in women's participation rate in the workforce, according to a World Bank study. One study shows this would add 550 billion dollars to India's economy. True especially as more women are getting university degrees and high school education. and the census study shows women have the desire to work if cultural attitudes, more men doing housework, and the job market were to change.       ...

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Norwegian skier Lie McGrath with father US alpine skierand Norwegian mother on Vermont ski team, does something unusual in the Olympics. After leading 0.59 seconds and in a good position for first in downhill skiing in slalom he goes all out but makes one error missing a tightly set gate, then decides to throw his poles, teke off his skiis and go into the woods. He says-

"I thought I would get some peace and quiet, which I didn’t because photographers and police found me out in the woods. I just needed some time for myself.”

McGrath is a 5 time World Cup winner in slalom. He had lost his grandfather just at the start of the games and was distraught. He just decided this was it after the slight error. The Gold, Silver or Bronze medal meant little by that time.

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Lower volatility in oil prices as a result of a new stream of shale oil supplies at competitive prices is good for oil producers and for consumers. This report in the WSJ shows that volatility and swings in oil prices have gone down with the ability of shale producers to respond to price signals or geopolitical situations and increase supplies. Shale producers can increase supplies in months compared to the years it would take for oil producers in offshore drilling. The new technologies in shale rigs have tripled production since 2011 for the same number of rigs operating in the U.S. Permian Basin from West Texas to New Mexico. The core producers can now supply and be profitable at $40 a barrel.  Supply cuts from OPEC and Russia as currently the policy of both countries mean inventories do not rise too high. And geopolitical problems such as Yemeni attacks on Saudi oil facilities, the reinstated sanctions on Iran by the Trump administration that reduce oil supplies, Venezuela's problems, can be met by increased supplies from the U.S. shale industry in a short time to prevent inventories from dropping too much.      ...

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The difficulties posed by the absence of Xi Jinping at New Delhi G20 Summit are discussed here in the WSJ. Today September 9 the G20 leaders from 20 nations meet, absent will be Mexico's Obrador, China's Xi, and Russia's Putin. China's premier will attend the meeting. China's Xi met with India's Modi at the BRICS meeting in Johannesburg, last month. China's premier is a close associate of Xi's and his chief of staff for decades, so that any suggestion that Xi is reducing contact with other world leaders in 2023 is incorrect. Xi will meet Biden at the APEC meeting US is hosting San Francisco Nov. 12-18 that will focus on Asia Pacific nations.

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The differing biological changes happening in the bodies of men and women as they age, the differences in longevity, how they age and their attitudes to aging are shown here by Clare Ansberry of the WSJ. This is relevant in the context of healthy living and also as both tackle the pandemic. There is a 5 year difference in longevity with men aging faster than women. Some groups of men have a tendency to eat less healthy and smoke than women in general which may account for some of the difference in longevity particularly in the U.S.

Men experience greater inflammation in the blood with aging, and lose anti-body producing B cells in the blood after the age of 65. Significant female advantages are seen in memory after age of 70. A look at protein level changes in blood showed more changes in men than women after age 65. Overall women's biology is seen by scientists as more stable than men's.

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A Land Rover takes president Biden and Jill Biden into Windsor Castle where he has tea with Queen Elizabeth. Even at 95 years Biden says the Queen was as keen as ever to know what is happening in the world. Biden tells reporters "She was very gracious. She reminded me of my mother." The couple met the Queen earlier at a reception for G-7 leaders at the Eden Project, an ecocenter with tropical rainforest and Mediterranean environments.

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Till 1997 there was a limit on how many and what drug ads could be placed on television. During the year Bill Clinton was president  the US Food and Drug Administration under Acting Commissioner Michael Friedman is reported by the WSJ as opening up American television for a flood of drug advertising that is damaging for the Nation's health leading to overuse of drugs in the US for three decades. 31% of ads on US evening television news programs are from drug brands in 2024. DJT said while appointing RFK Jr as Secretary of Health and Human Services- Drugmakers and  big food companies, “have engaged in deception, misinformation, and disinformation.” RFK Jr. says- "We are one of only two countries in the world that allow pharmaceutical companies to advertise directly to consumers on television. US and New Zealand. Everybody agrees it is a bad idea. Not surprisingly, Americans consume more pharmaceutical products than anyone else on the planet. As I said earlier on my first day in office I will issue an executive order banning pharmaceutical advertising on television." ...

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S&P 500 up 5% in 2025 by June 27 2025 recovering 20% form lows after tariffs. Scott Bessent had promised agreement in place by July this date will be extended  yet confidence has returned that the agreements will be put in place after German chancellor Merz met with DJT at the White House. With Germany leading the way the biggest of the agreements with EU could be put in place. Additional agreements would come with India and China, and Japan, South Korea.

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The increase of H1-B visas to 180,000 in legislation was not taken up in the House. The executive order addresses low skilled immigrants, but does not take up the issue of increasing H1-B visas. Technical hurdles are reduced and overall the impact on outsourcing firms in India appears to be minor, say experts.

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There is a 82% jump of oil at sea in 2025 as China and India stay away from sanctioned oil from Russia Iran. About 1.4 billion barrels or 15% of supply out at sea on tankers by December 2025. When Modi met Putin he offered to continue supply of oil. India says Jamieson Greer in a recent interview with Sarah Burns, is not buying Russian oil and negotiations are ongoing so that a deal with US on dropping tariffs is reached in the very near future. This oil at sea is keeping prices of Brent crude at about $66 in December 2025. DJT is referring to prices down for oil, to gas pump prices in US states having dropped to $1.99 a gallon to show progress in tackling the affordability crisis in the US at a rally in Pennsylvania.

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The story of how a shoe company Hoka One with an odd sounding name made itself known and managed its growth from $3 million to $1 billion, patiently working through each step, not rushing anything. It was started by two French men who met at a ski race in the French Alps. It means in Maori, a New Zealand language- flying over the earth.They took shoes from a minimalist approach to a maximalist one by building larger shoes with a design that would make them very comfortable to wear. They shipped 1100 pairs to the US in 2010, and in 2012 Deckers took a stake, later buying the company. It started with word of mouth in the running community and then spread during hybrid work in the pandemic. It went from running shops to REI and special retailers and only carefully to select stores at larger chains like Dick's Sporting Goods. Each step was gradual, carefully taken, an unusual approach in this business.

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Bank of England minutes for the Jan 8-9, 2014 meeting show officials saying "they saw no immediate need to raise the Bank Rate even if the 7% unempoyment threshhold were to be reached in the near future." This comes as the unemployment rate average in 3 months to November 2013 was shown at 7.1%, according to the Office of National Statistics. The rate declined from 7.4% in the previous three months. In August 2013 Bank of England officials said unemployment would have to fall to 7% before raising the Bank's benchmark interest rate. The Bank of England has set the bechmark rate at a low of 0.5% and the size of the bond buying program at 375 billion pounds.

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After the National Rally party of Le Pen wins 30% of the vote to Macron's En Marche 15% in EU elections, showing the unpopularity of Macron, Macron responds by calling for snap elections. Macron is taking an aggressive approach to stop NR party as so far  parliamentary elections in France  have led to voters on the left and right veering to the centre to avoid giving the far right National Rally of Le Pen a win. National Assembly elections also require getting 50% of the vote under different rules than EU elections.  Politico points out that the situation is different today as the NR is more in the mainstream of politics. Macron's hope is that the NR would increase its seat numbers from 88 but not as much, and that other parties such as the Republicains and the Socialist parties, the parties that governed France since 1945 would also make gains. He could then appoint a prime minister not from En Marche his party but from the Republicains party of Nicholas Sarkozy, French president (2007-2012), which supports Macron.  ...

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A Hank Aaron phone call in 1967 to Dusty Baker's mother gets Dusty Baker to join the Atlanta Braves when Baker prayed that he did not have to go to the Deep, deep South. Dusty Baker, 72 years, is now the manager of the Houston Astros in the finals of American World Series baseball between the Astros and the Atlanta Braves. Dusty Baker says it was the best thing that happened to him because he met Hank Aaron, who broke Babe Ruth's record in 1974 with 715 homers. 

This started a long friendship with Hank Aaron. Of Hank Aaron Dusty Baker says- "He really taught me discipline. This guy was the most disciplined guy, most hard working guy, most concentration guy I ever met."

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Russian shadow fleet and about 80% of Russian oil now sanctioned after US sanctions on Rosneft and Lukoil- Feb 2026. This is putting more oil onto a fleeet of vessels operating under Comoros, Sierra Leone and third nation flags, or even two flags, which the Americans and Europeans are tracking and diverting. Russia seeks to put this oil on an alternative tanker fleet it owns and which is insured by Russia, that goes from the Baltic and Black seas to the Mediterranean to refineries in Turkey, India and China. What thsi does is increases risks for Russia in shipping and for the Euroepans and Americans when ships fly Russian flags with military convoy. The overall effect of cutting Russian oil exports in addition to India committing to buy American oil and Venezuelan oil instead of Russian oil in its trade agreement with US, is that Russian economy may be in risky territory. Inflation is higher than official 6 percent at 16% interest rates, and this increases the risk. Budget needs within Russia may not be met as this continues. It is in Russia's interest now to conclude a peace agreement with Ukraine, now that the US has moved away from NATO/Europe to peaceful cooperation with Russia and competition with China. ...

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Maria Machado met US president DJT at the White House for lunch as the two leaders discussed the situation in Venezuela. The US is moving step by step towards long term goals for the benefit of the Venezuelan people. It is acting quickly where necessary and at the same time with confidence in the final goal of making life better for all Venezuelans, aware of how decades of mismanagement and ideologic rhetoric, the failure of the party systems that existed before the entry of Chavez in 1992 and 1998 three decades back, created the wrecked national economy of today with exorbitant inflation and a fourth of the population to leave the country. Looking back (on Britannica.com) one sees in its history a century of conflicts and chaos between conservatives, liberals, and the military, from 1850 to the 1950's. Only a 50 year period of relative quiet and democracy ending with mismanagement and corruption separates that period from today, showing how difficult a situation the US and DJT face in turning Venezuela around after centuries of Spanish colonial rule till the French revolution. For this reason alone the US takes one step at a time towards the long term benefit of the Venezuelan people knowing the nature of the task and the Monroe Doctrine's overall goal for the western hemisphere. ...

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Countries like Bangladesh, Pakistan, Sri Lanka and Nepal are severely affected by the war in Persian Gulf region in other ways that access to oil and fertilizer supplies. They are affected when the Gulf economy collapses and expatriate workers are laid off or return. The situation is dire in these countties because as the DW.com says remittances exceed exports in the case of Pakistan. Is such a model viable asks DW.com. All these countries are also affected by internal strife, with new governments in place in Bangladesh, Nepal and Sri Lanka after protests over economic conditions and jobs. The entire Middle East model for Gulf countries including Saudi, Iran are also facing a new situation as the Western countries, US and EU and Asia shift to nuclear energy, solar energy and find ways to conserve at an accelerated pace so that there will be less dependence on fossil fuels. Recently India announced on its national television channel that one third of peak demand is already being met by solar energy. India's PM Modi says in rallies across the country that he would make it possible for households to have zero electric bills because of solar panels on homes. Germany and Japan are further along on this path to create a renewable energy reliance and phasing out fossil fuels. ...

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How a winner take all economy that pays a lot for what are called the "greedy" professions in law, consulting and finance, impact women. In these professions 24 hour or almost 24 hour availability has led to quadrupled income levels. To do this as this NYT article shows someone has to go part time time or be there when the children need it, or when the maximum work hours spouse is out at work, for doctors appointments and other needs. In many cases this is the woman as shown in examples from the law and other professions in this article. Women are finding that this shift to longer hours in these professions, consulting, law and finance, mean they have to voluntarily give up working the similar long hours that their husbands are putting in, especially when well educated women marry well educated men. A more normal level of schedules would enable both partners to work full time, and have time for each other and the children. This is one of the ways the U.S. is different from a country like France which provides the added benefit of better child care to promote balanced lives and more opportunities for women to advance their careers and use their education. ...

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The revival of NATO in 2022 as America "prepares extensively and carefully" to meet the challenge from Russia as it invades Ukraine. President Putin launched the invasion of Ukraine on Feb. 24, 2022. Germany's Scholz and America's Biden form a partnership as the Europeans and Americans join together to defend the interests of Europe, America, Latin America, India and other Asia, Africa, the entire free world in a way that FDR and Truman, with Adenauer defended the free world after the Berlin Airlift in 1948. Biden tells Europe and America the days ahead will be hard but America and Europe and the allies in Japan, India and the rest of Asia, Latin America, Africa, are resolved to met this challenge.

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Issues of war an peace, food supplies, climate change and renewable energy transition, world health, and other issues that relate to the wellbeing of people in the world can only be met by broadening the membership of the UN Security Council. US president Biden favors broadening the membership of the UN Security Council. Ministers of the G4 countries, Germany, India, Japan and Brazil met this week to push for reform of a UN Security Council that is now not working or dysfunctional.