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After the disaster of the Japanese Fukushima nuclear plant in 2011 following a tsunami and earthquake chancellor Merkel made the decision to close nuclear plants. Germany will close 3 nuclear plants in December 2021. Decommissioning will take 20 years and 1.1 billion euros per plant. In 2022 Germany will have only 3 nuclear plants in Bavaria, Baden-Wurttemberg, and Lower Saxony, equivalent to power of 4 gigawatts from 1000 wind turbines. Gas prices are up 10 fold in 2021 as Germany makes the shift to wind and solar. Economy and Climate Protection Minister Habeck of the Greens party in the new German government sees a continuation of the policy removing nuclear plants and shifting to wind and solar.

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Greg Ip of the WSJ looks at the impact on the economy worldwide from the effects of variants of Covid-19 in 2022. He cites IMF estimates that global output will be 3% lower in 2022 than it had projected in 2019, with Western Europe and Latin America taking larger hits. US growth is distorted and disrupted with the effects of absence of workers from illness (5 million American workers not working in December 2021 because they were sick, or caring for someone sick or afraid of spreading it), supply shocks from supply chains, 7% inflation. The boost to productivity from digitization conceals the impact of an overworked and fatigue prone remote working workforce, says Greg Ip.

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Spirit Airlines, a no frills airline in the US, files for bankruptcy. It lost $2.2 billion since 2020, almost all the profit made since 2006. It was the result of a lot of things happening at once, problems with Pratt and Whitney engines grounding planes, failed $2.9 billion merger with Frontier another no frill airline, when Jet Blue made a $3.9 billion offer that had less chance to get by antitrust concerns. The 2020-2024 period was one in which people scrambled to travel and the bigger airlines Delta, United, Southwest were in a better position with their international networks, frequent flyer program and credit cards, and more routes and planes to capitalize on this leaving Spirit behind.

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WSJ tells the story about Biden being slow to act in 2021 and 2022 to close the Southern Border, without telling the complete story and all the facts. Biden did close the Border in 2024 by executive order- when Trump blocked passage of Republican Lankford's legislation in Feb 2024 supported by Biden to close the southern Border. No mention is made that Biden was faced with a once in a century pandemic, winning the fight for vaccines over skepticism, and on Feb. 22 2022 Putin launching an attack on Kiev, Ukraine, and negotiating to get the crumbling infrastructure of the US rebuilt, funds for CHIPS and Science. On top of this the Venezuelan economy completely collapsed leading to an unanticipated migrant surge. Only FDR and Lincoln faced so many huge challenges and tackled them one by one. Without these facts the result can be to stall the biggest boom in manufacturing under president Biden/Harris that America has experienced since the space race in the 1960's. ...

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Republicans increase support among Latinos from 28% in 2016 to 36% in 2020 and 37% in 2024, a one point gain in 2024. Democrats support at 68% 2016, 62% in 2020, and 56% in 2024. Both parties are talking a tough law and order line on immigration at the Border.

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A gene variant that has come down from Neanderthals has increased the risk of severe covid is something learned from the research done by Svante Paabo of Sweden at the Max Planck Institute for Evolutionary Anthropology in Leipzig. Paabo received the Nobel Prize for Medicine from his home country Sweden. His work shows the genomic changes that differentiate humans from Neanderthals, and also that Neanderthals contributed genes that still exist in humans.

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DJT defuses the situation after weeks of wrangling with Petro of Colombia. This follows US blockade of Venezuela and reaction in Brazil, colombia and Mexico. US president DJT talks to Gustavo Petro of Colombia, January 7 2026, and invites him to talks at the White House. Petro is nearing the end of his term and Marco Rubio says the US seeks good relations with Colombia.

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Nutrition critical for health is only now in 2026 being made part of Medical School curriculum with efforts of RFK Jr.  It took so long and in the meantime several generations of Americans have suffered from obesity and poor nutrition, higher incidence of diseases stemming from poor nutrition, and the overuse of pharmaceuticals. This also made medical care more costly, increasing the medical cost burden for families.

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Benchmark jet fuel at $1838 on April 16 2026, compared to $838 before Iran War. The need to replace 50% of EU fuel imports from Middle East to last 6 weeks till June. At 75% replacement OK till August. US and Nigeria provide alternative supplies to Middle East sources of jet fuel. Airlines could feel shortages it it is not replaced. Jet fuel is 20-40% of airline costs.

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Hungary under newly elected government of Magyar in 2026  to receive 18 billion euros of EU funds frozen for several years because of Orban's policies. Magyar needed 133 seats in parliament for a majority to change aspects of the Constitution modified by Viktor Orban. It now has two thirds of the seats in parliament to restore rule of law and take action on corruption.

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Tens of millions of migrant workers head back to their homes in poorest states as LPG cylinder prices quadruple and are in short supply April 13, 2026. This piece in Le Monde shows how India which relies on imports for 60% of LPG supplies used for cooking in a country of 1.4 billion people is affected by the actions of nations in Middle East interrupting open seas navigation. 

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SCOTUS decision on Voting Rights Act by knocking down gerrymandered district in Louisiana, April 2026. Republican States are redrawing their maps so that they are no longer gerrymandered (altered) to favor race or gender. The US Supreme Court supports this in Louisiana and this will mean 1 seat  in Louisiana and 4 seats in Florida may be gained by Republicans for the House in the midterms.

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Koch Industries which is built on oil is investing heavily in electric batteries. The company has made 10 investments of over 750 million dollars in the US battery supply chain and electric vehicles in 2021-2022. This money is coming at a critical time for many new battery company startups.

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Consumer spending not driving big earnings reports it is the cost cutting and job cuts in September 2025 yet this means companies can reduce prices from the exorbitant price increases in recent years. The president has called for restraint in pricing so that inflation can be brought under control, something the Fed under Powell is also acting on.

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US inflation actually declines in February 2025 to 2.8% from 3% in January 2025.

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1.2-2 million barrels a day go from Iran's Kharg island through Straits of Hormuz for ship to ship transfers in South China Sea, then labeled Emirati oil and unloaded at refineries on Shandong coast. These refineries are called teapot refineries. In this way US sanctions are avoided. Shipments of oil were about 700,000 barrels a day before 2023. After 2023 this more than doubled. China gets this at a 10-15%  discount costing Iran about a third of revenues it would otherwise be able to sell this oil if it decided to work with the US in a new arrangement. This report in FR24 shows China as limiting it's relations with Iran to oil, careful to not let it affect more important trading relations with US European Union, and Germany. This is similar to the situation for Venezuela -which under a new arrangement the US has with Venezuela- now gets market prices for its oil increasing it's revenues substantially by about one third to benefit the Venezuelan people suffering from high inflation and economy wrecked by sanctions. ...

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WSJ Editorial Board looks at the reserves being set aside by banks and oil companies against losses in Russia as the situation in Ukraine worsens in April 2022, and has questions for CEO's that have not made preparations for a similar situation arising in China. Too much is being done on Russia "on the fly." For China 83% of American company CEO's have made no plans for supply chain action for China even after the pandemic hit and after the supply chain chaos from zero covid policies. JPMorgan, Goldman Sachs, and Citigroup have set aside $3.36 billion for Russia, according to Reuters. Shell says it may take charges of $5 billion to write down Russian assets. Exxon will take a similar charge. WSJ Editorial Board says the situation in China with respect to territorial claims on Taiwan are similar, and asks what preparation is being done for China risks. WSJ's Editorial Board says American CEO's should be calculating their supply chain and investment risk now in the event that there is a conflict in Asia. Some of this foreign investment has shifted it says as foreign direct investment as a share of China's GDP is down to 1.2% in 2020 from as high as 4.6% in 2005, according to the World Bank. Much remains to be done. Yet in 2021 despite the supply chain chaos from China's zero covid policies and rising geopolitical plus trade tensions, 83% of American companies operating in China were not considering or were not in the process of relocating their manufacturing or sourcing out of China, according to a recent American Chamber of Commerce in China business-climate survey. A figure that is the same as in 2019, a sign of complacency says the WSJ, one that could be costly, and with Russian write downs today a warning to executives that they should start preparing now for the danger that lies ahead. ...

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Is Norway endorsing the position of a former president of the US to "Drill, Baby Drill.?" It would cost upwards of 1 trillion dollars to fix US inaction on climate change to 2028. Norway is drilling like crazy to help Germany tackle the cutoff from Russian oil and gas supplies. It is also pursuing climate change action and green energy. The result is some confusion about where it is heading. The Guardian comments on this position taken by Norway. It can only be seen as oil and gas meeting a transition period's needs, yet with the severity of cliamte change events in the form of fires and floods in the world in 2024, is this a tenable position? Norwegians will say their cleaner fossil fuel production takes the place of dirty coal plants in Europe. How could Germany manage without Russian oil and gas without Norwegian supplies they ask. Others say Norway gets a quarter of its GDP from oil and gas. It is at the same time the country that is way ahead in renewables, most of its grid runs on renewables. And yet it has cut greenhouse gas emissions only by 11% since 1990 4 times less than Germany. Norway will come up for more criticism considering that its push on fossil fuels in 2023-24 is reducing investment for shift to a fossil free world. It is not an issue that can be talked away or not confronted head on as it is the harbringer of something worse- doing nothing for 4 years to 2028 that is proposed on the back of stuff that is being done by Norway- a US presidential candidate promising to relegate climate change action to zero by denying it exists and by saying "Drill, Baby Drill," at the RNC Convention in Milwaukee. ...

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During this coronavirus pandemic SOuthwest Airlines in the U.S. is expanding its network and adding new airports to its flights. Four more in 2020 and six more in 2021.

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Governor Hochul of New York was only able to increase the minimum wage by 2 dollars in New York to $17, up from $15, by 2026 in New York City, Long Island and Westchester. It would go up to $17 in the rest of the state by 2027. Assembly Democrats had asked for $21 saying that Seattle and Los Angeles offered a higher minimum wage.  Future increases would be pegged to inflation.

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The retrieval of $4 billion in  capital from SPAC misallocation of capital back to HEIRS- Health, Education, Infrastructure, Retirees, and Societal needs leading to much needed Upward Mobility in 2022. WiIliam Ackman says he is returning the capital for this SPAC after failing to find companies that meet investment criteria. This SPAC hedge fund raised $4 billion on the New York Stock Exchange in July 2020 as an Initial Public Offering.

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Layoffs at Microsoft, Amazon and Google are offset by more hiring. So that the companies are smaller by a small margin in 2023 compared to 2022, yet way larger than 2018. WSJ looks at the growing size of these companies. At Microsoft the headcount is 101,000 outside the US, a 70% increase since 2019. Apple's 161,000 employees are much higher than the 137,000 in 2019. A small trimming of employees only took down 3000 employees.

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US Supreme Court hears arguments from D. John Sauer Solicitor General of the US on DJT Tariffs Wednesday, November 5, 2025. The Supreme Court will hear about a case brought by a small wine importing company with 19 employees. The US president used the 1977 International Emergency Economic Powers Act (IEEPA) that allows the president to impose tariffs. The IEEPA was introduced by president Jimmy Carter in 1977. It was used during the Iran hostage crisis. It has been used for the Venezuelan regime after elections were rigged with human rights violations, on Belarus as early as 2006, and on Mexico for drug cartels. This increases the responsibilities of the Justices of the Court as these sanctions have broad support of the American people. Tariffs were imposed on China for illicit fentanyl flows and a 25% tariff was imposed on Canada and Mexico under Executive Orders 14193, 14194, and 20% on China under Executive Order 14195 in 2025 for illicit drug traffic flows across their borders into the US. Illicit flows that has taken the lives in the case of fentanyl of more young people than were killed in the Vietnam, Korean and First World Wars combined.  For the reason that the economic aspect of tariffs now overlaps with trading partners abuse of basic rights of their largest trading partner the US in the case of Canada, Mexico and China not stopping such flows, the issue before the Supreme Court is basic to the US as a Nation to protect its citizens under these Executive Orders and IEEPA- not the kind of interpretation of the law the USC does for most or almost all of its cases. In 2025 a lot of the discourse is distorted and does not reflect the way citizens of the Nation should show concern for the welfare and safety of their fellow citizens in communities around them severely hurt by the scourge of fentanyl and other opioids making their way from other countries conducted by drug trafficking gangs outside the US.  Also relevant is that the tariffs are correcting trade deficits of $1 trillion of the world with China that threaten the economic security of the US, EU, India and other countries. Larger companies are moving their supply chains out of China to reduce concentration in China, impact on inflation is slight with 3.0 % inflation in September 2025. Smaller companies such as the wine company in this lawsuit are unable to do so. Most of the smaller businesses affected can be compensated with a fund from the tariffs revenue of $500 billion in 2025-2026. In this way the goals of the US as a Nation can be achieved of reducing the supply channels concentration in China, cutting supply chain concentration in China, for fair trade with trading partners EU/Japan, and for action on fentanyl and drug trafficking. Justice Roberts and his team have a lot to think about in this effort by the Nation to correct abuses that should never been allowed to happen. ...

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The new prime minister and government ministers put together by Macron in France look more like something from former president Nicholas Sarkozy. Two ministers close to Sarkozy are now Minister for the Interior and Minister for Culture. Macron is veering to the right in an effort to court voters on the right, as his best chance for reelection in 2022. With drop in GDP of 12.5% now predicted in France for 2020 by the IMF, high unemployment of 11.5% for 2021, and job redundancies, Macron faces a tough time as shown in this analysis. Details of the backgrounds of ministers and the way Macron is responding are covered in this  Analysis in the Times. He is less popular today- than the rising star he appeared as in 2017, with only 35% of voters now supporting him.