LyrArc Article Gist
A few events in the last 50 years are rewriting the rules for business, finance and economics, says the WSJ in this analysis. The admitting of China to the World Trade Organization under president Clinton in 2001 was one, another was the global financial crisis in 2009 with the selling of bad mortgages by the financial industry, the euro currency financial crisis with the bad accounting, real estate industry speculation, and lack of financial oversight in countries such as Greece, Ireland, Spain. The coronavirus pandemic is one more addition to this string of crises and events that have made the working class and middle class in US and Europe poorer and in worse shape after the recovery following World War II.  The changes indicated here are some of the surface changes- such as the shift to the suburbs for cleaner air and better living, the work at home as a serious option, the new focus on health care, wellness, exercise, nutrition and mental health, remote learning and community college as a realistic option to high tuition costs by the education industry, and a pharmaceutical industry refocused on public health and vaccines as it was in its early years before its shift into a simply profit driven industry. The underlying thread for all these changes on the surface is a deeper change in the public mind- a change that redefines what the people believe in just as happened after World War II. Rebuilding the devastated economies of Europe, America and Asia required a new vision at the time after World War II. And reconstruction could only happen with all the people involved and working for the public interest.  This also created a new hope for the future. President Biden's vision is for a new set of priorities that make child care, women's position in the economy, community college education as a right for all as a first step to opening the access to education that existed after the war in 1945. Investment in infrastructure, in building new roads, bridges and rail, water, internet connections, public services in transport, better layout of urban areas, better lives for retirees, are all part of an effort to improve quality and ease of living for all parts of society, not just those who can afford it.  This is uppermost on people's minds and administrations or governments that fail to deliver or simply talk with no action, will not have the support of ordinary working men and women in all countries. This is true for countries and regions as varied in their level of development as the US, Northern Europe, Southern Europe, Japan, India, Brazil and Mexico, and African nations. Democracy, government adminstration, technology and business structures exist for the people, to improve the ease of living, quality of life, through better health, education and public services.  ...

LyrArc Article Gist
The China Cognition and Aging Study of 29000 adults over 60 years over 10 years from 2009 to 2019 shows that healthy habits of eating, exercize, socializing, cognitive activity have as much as a 90% impact in maintaining memory skills as people age. Not smoking and no alcohol are part of thehealthy habit routine. Cognitive activity includes writing and reading.

LyrArc Article Gist
For the first time the number of people vaccinated in a single state in India reaches 40 million. In Maharashtra state in western India, with state capital Mumbai, the vaccinations crossed 40 million on July 20, 2021, according to the state's Additional Chief Secretary for Health. India has vaccinated 410 million people by July 20, 2021. About 3 million people are getting vaccinations daily.

Maharashtra was one of the top 5 states in the first and second waves of the coronavirus in India. About 2 million healthcare and front line workers have been fully vaccinated in Maharashtra. Maharashtra has a 2021 population of about 125 million according to Aadhar and is the second most populous state in India after UP which has an effective vaccination drive. 

LyrArc Article Gist
Research done by the WSJ shows people who sped time on fitness and are older are happier. More females than males by a wide margin. Community involvement rates are higher and faith in God is seen in people who are happier. Aaron Zitner shows the lives of 3 people including an 80 year old who ran a health clinic for 25 years who find happiness through community involvement and many projects including one that cut ten pregnancy in her county and is now writing grants to restore an old YWCA building in Cortland, N.Y.

A 77 year old civil engineer on a 7 acre farm in Chesapeake, Virgina, has good relationships, community involvement, and the same house for a generation, whose belief in God helps him be happy and find serenity in life.

LyrArc Article Gist
The unemployment rate declines to 7.8% from 8.1% based on the Labor Department's survey of households. The larger and more reliable survey of businesses of the Labor Department shows 104,000 jobs added in the private sector and a revision of July and August jobs estimates to show 86,000 additional jobs created. About 150,000 jobs a month are needed just to keep up with population growth. Most of the 104,000 jobs added by the private sector in the larger survey of businesses were in health care, fewer public sector jobs were lost. However the survey shows 16,000 jobs lost in manufacturing which means there are problems in manufacturing which creates higher wage jobs and benefits relative to other sectors and which is a vitally important sector.

LyrArc Article Gist
The drop in IPO capital and venture capital is a sign that there is a new awareness of the importance of capital for public investment in infrastructure, manufacturing, and in health and education with the active participation and direction of the government and support in the US Congress. This is happening as there is a sharp decline in the productivity of capital invested by so called "tech" companies. And science and technology investments directed with government support are needed in new scientific advances for chip manufacturing. Other technological developments such as solar panel manufacturing to tackle climate change also need much capital, and electric car fueling stations for EV's.

LyrArc Article Gist
Senator Manchin wants other countries or regions such as the European Union to go first with the global minimum tax of 15%. Holdouts Poland and Hungary have not agreed to the 15% tax in the EU. After that the US could follow. Mr. Manchin is a Democrat whose vote is needed for Congress to pass the legislation. Currently the tax is set at 10.5% after legislation passed by president Trump.

Much of the funding for HEIRS - for Health, Education, Infrastructure, Retirees and Society- has to come from better collection of taxes, so that everyone pays their fair portion of taxes which tech companies are not doing in the last decade. 

LyrArc Article Gist
Was Russia better off in 2021 than after the invasion of Ukraine. Was it better for upward mobility, health, openness of the economy and growth, and standards of living. Was the US perceived as a hegemon when it also lacked control of its own companies that preferred to invest elsewhere and ignored US workers for a long time. This report in the WSJ asks whether it is not true that not just Russia, but the US, the EU, China, India, other large nations faced a world order that was in many ways difficult, not to their liking, and in some ways posed risks for their countries. 

LyrArc Article Gist
Even as Britain's testing has reached 436,000 September many people who need a test with symptoms are not able to get one. Here the leader of the House of Commons says he has to isolate after one of his children had symptoms but after his own test had to wait several days for the result. The British Health Minister, Mr. Hancock, says people who have no symptoms are going ahead to take a test causing the problem. He says he does not want to create a barrier for those needing a test to be able to get one without eligibility tests, but some form of prioritization may be needed.

LyrArc Article Gist
Prof. John Ashton, regional director of public health for the northwest of England offers this advice on pitfalls to avoid in the testing and contact tracing systems of the UK and other countries. He says there is a problem in sending testing kits through the mail or postal service. He points out that the swabs needed for testing correctly are quite invasive, the risk of an inadequate sample taken in high, resulting in a false negative report. 

On contact tracing he says the current recruiting system has pitfalls of contact tracing people not having local knowledge. Needed are people who know the local population and are able to fully engage with these people.

LyrArc Article Gist
California is feeling overwhelmed by the pandemic with patients treated in parking lots, in hallways, and in lobbies of California hospitals. This report looks at the situation in California as it reports 53,000 new cases on December 16, 2020. The entire state from high deserts to beachfront cities, from the San Joaquin Valley to Sierra Nevada resort towns is facing a growing pandemic. In Apple Valley, California in the southern part of the state the only capacity is overcapacity with hospitals at 200 or 250% of capacity.  The scary thing is that the health care system is reduced to being available only to the gravest, most urgent medical conditions.

LyrArc Article Gist
Britain's Office of National Statistics shows that the deaths during this pandemic match the deaths during World War I in 1918 and World War II in 1940. The vivid picture of Winston Churchill at Coventry Cathedral in England with this story in The Times tells a lot about what has happened and what is happening today. There were 608,000 deaths in 2020 exceeded only slightly by the deaths in 1918 when deaths were 611,000. 1940 showed a jump of 16% from 1939 in deaths, 2020 showed a 15% increase.

With 168,000 of the deaths in private homes there is say health care experts "a silent crisis raging."

LyrArc Article Gist
Arwa Mahdawi writes in The Guardian about issues facing the Democratic party in the US, and Labour in the UK, of turning their backs on the working class. And to the roots of their parties in the working class and rising middle class under FDR, Truman and Clement Attlee in the 1930's 40's and 50's. Woman's issues are about men's issues and issues of the people as a whole, of fairness in the economy, about correcting grossly poor misallocation of capital away from education, health, infrastructure and children, when seen in this larger and very real context.

LyrArc Article Gist
Chancellor Scholz has a fall while running in Potsdam. The German chancellor's office puts out this picture of Scholz so that people can get used to how he would look for the next couple of days. Scholz has taken up rowing at the age of 50 and he says one of his regrets is that he had not done so earlier. He heads a younger more fitness and health oriented government than the one before him, and one that has put first and foremost the idea of dignity of the German worker and his family, an idea he shares with president Biden in the US for the American worker and family.

LyrArc Article Gist
Prostate cancer is becoming the most common cancer. Here are some useful tips for tackling this health problem men face today. 

Diet should include fresh fruits, nuts and vegetables. Reduce dairy to three portions (cheese, milk), limit calcium intake to daily requirement, and cut down on animal based protein and fat. 

Fat building up in the thighs and other parts of the body including waistline increases risk. This makes it essential to limit BMI to 30 and waist inches around 37 or close to this. Regular exercize lifts the mood and helps cut fatty tissue reducing the risk of prostate as well as other cancers.

LyrArc Article Gist
The Food and Drug Administration approved Artificial Dye Red 3 in 1969. It banned it in cosmetics 20 years later in 1990 but did not ban it from food because of lobbying from the food industry, says this report in WSJ. This is simply outrageous.

Democrats and Republicans were both allowing lobbyists to damage the health of the American people. It took another 35 years after banning it in cosmetics to ban it's use in food this week. 

This is simply outrageous and shows politicians of three decades lacked the courage to even defend the Nation's food supply.

LyrArc Article Gist
U.S. president Trump's 2017 budget is an effort to reshape spending priorities by the Republican party. Apart from Medicare and Social Security all other entitlement programs from the days of Lyndon Johnson's Great Society are subject to cuts. Deep cuts to Medicaid and food stamps, including introducing work requirements. The philosophy behind it is that compassion will now be measured not by how large these programs are but by how much the government can get people "off these programs and back in charge of their lives,"  according to Budget Director Mulvaney.  The cuts are $616 billion to Medicaid and Children's Health programs, $193 billion in cuts to Food Stamps, $143 billion in student loans, $72 billion in disability programs. The overhaul of the Affordable Health Care Act is part of this change. The reallocation would put more money into infrastructure for $200 billion, and in tax cuts, $19 billion in a parental leave program and $29 billion for veterans programs, plus added spending on the military. William Hoagland of the Bipartisan Policy Center, a Republican who worked on budget issues says it will be politically difficult as the cuts to lower income groups come with tax cuts for small businesses and higher income individuals.  Beyond the policy priorities there is an area where both Republicans and Democrats are skeptical of the budget. This is how it impacts the U.S. debt. Under Congressional Budget Office estimates the U.S. debt as a percentage of GDP which rose to about 75% after the Great Recession starting in 2008, is projected to grow to about 85%. In sharp contrast the Trump administration estimates of the Office of Management and Budget are for it to drop to 65% based on rosier estimates of 2% inflation, 3% growth for the decade ahead. Experts say this is unlikely once the Fed raises interest rates and the unemployment rate currently at 4.4% leads to rising inflation, undercutting growth which has remained below 2% for a long period. These concerns are also voiced by Hilsenrath in the WSJ based on the experience of other countries such a Britain that cut corporate taxes without seeing an uptick in economic growth. ...

LyrArc Article Gist
Street protests in Brazilian cities with economic growth slowing to about 1% in 2012 and inflation at about 6%. Street protests in Brazil reflect public disconten over corruption, overspending on the World Cup and Olympics, and lack of good education, health and other public services. Increase in bus fare and police response against small protests using tear gas set off the large scale protests of tens of thousands in Brazilian cities. President Rousseff's sees her popularity ratings drop 8% percentage points from the March level to 57% in June 2013, according to polling firm Datafolha. Ths includes high popularity in poor northern states. Rousseff's popularity in more industrialized southern states declined by 13%, and by 16% among college educated youth.

LyrArc Article Gist
As the federal revenues rise to about 18.1% of GDP (close to historical rates after return to growth) and outlays to offset the effects of the 2008 recession diminishing, the deficit is forecast to drop to 3% of GDP in 2014, and 2.6% in 2015, close to the average for the last 40 years. The deficit is estimated to be total $514 billion for fiscal year 2014, declining from $1.4 trillion in 2009. Real GDP growth (adjusting for inflation) of 3% is forecast for 2014-2017. In 2018 and the years to 2024 the deficit will increase because the pace of growth slows, and spending will increase- slower growth of the labor force as the population ages, increasing health care costs, subsidies for health care, and increasing cost to service debt. Outlays other than for health care, Social Security and interest payments on debt for year 2016-2024, are set to be the lowest percentage of GDP since 1940, according to the CBO report in 2014. Debt will increase to 79% of GDP by 2024 from an estimate of 74% for 2014. CBO projects unemployment only slowly decreasing, remaining above 6% till late 2016, with the rate of participation in the labor force- lower now because many people have opted to not look for work discouraged by the job prospects- slow to recover....

LyrArc Article Gist
The 65 million Americans called generation X sandwiched between baby boomers and the millenials are one that are also the 401 K experiment generation, and ones that experienced both the 2009 corporate greed and recklessness caused financial crisis and the pandemic. And experience financial anxiety at a different level.  Without the steady pension checks of their parents these Generation X middle aged people with their 401 K's are much worse off. This is the group Biden Harris, and Biden Walz, has to assuage and bring back up. The 2009 financial crisis left many in disarray with loss of jobs or lack of pay increases, or part time work. Many have not recovered after the pandemic delivered another blow to finances and cost of living surprises. Median household wealth of Generation X people 45 years to 54 years old was $250,000 in 2022, 7% lower than that of baby boomers in 2007, the only age group that experienced drop in median wealth. 

LyrArc Article Gist
President Obama picks Dartmouth College president, Jim Yong Kim, as the U.S. choice for president of the World Bank. Kim is a physician who co-founded Partners in Health, a nonprofit organization for providing health care to the poor. He was a former director of the Department of HIV/AIDS at the World Health Organization. Working with Partners in Health in Lima, Peru, mid-1990's, he helped establish a large scale treatment program for drug resistant tuberculosis. Such programs are being promoted in 40 countries since then. Under the leadership of Mr. Zoellick, the World Bank provided $57 billion in assistance to low and middle income countries in 2011. About $90 billion was raised in a fund to be used for aid to the poor in developing countries, including China and India.