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The UK and the European Union compete for limited vaccine supplies as a plant in Belgium has production problems and Astra Zeneca says it can only supply half of what it promised to Europe.

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Mistakes to avoid in retirement, says Statman, are that after a lifetime of frugal habits to save for retirement, when one gets there he or she will spend so much less that they cannot enjoy life fully. He suggests taking a payout of 3%-4% from retirement accounts and dividends combined. Another mistake is to think one has more time to manage retirement accounts, and he warns that this is a bad idea as one cannot beat the market, and it is important not to take risks in retirement. Other mistakes are to ignore how important healthy living is at this point.

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UK Sport, a British government body for investing in elite sport did 85 interviews with exceptional athletes. It found that exceptional athletic achievers all had some setbacks in life. The setbacks increased their motivation and were used for energizing by these athletes to try again. 

Setbacks were overcome and near miss individuals actually lived longer and won later because they persisted and tried again with enhanced motivation.

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Mike Spence is Trump's selection for vice presidential running mate. He is expected to appeal to centrist Republicans and independents compared to other choices Christie and Gingrich. He also appeals to conservatives with strong positions on abortion, gay marraige and Obama health care law. Compared to Christie and Gingrich, Spence brings a calmer presence that Republicans see as moderating the ticket considering the aggressive style of Trump. Spence has said he is "a Christian, a conservative, and a Republican, in that order."

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Apple CEO Tim Cook says he is not satisfied with the 70% of the workforce being male and poor representation of minorities other than Asian, and women.

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Youth Rehabilitation Act and 60-70% of DC crimes that fall under this Act in 2025, are creating a huge public safety problem in the nation's capital. Here Jeanine Pirro, US Attorney for District of Columbia, describes the problem where the law is so lenient on youth offenders that it has increased crime levels in DC to where residents and visitors to the capital from 51 states in the country and from other countries do not feel safe in the national capital. Pirro says that from 2022 to 2024, 60 percent of all sentences imposed in D.C. Superior Court for carjacking were eligible for sentencing under YRA,  71 percent of all armed carjackings, 69 percent of all armed robberies, and 61 percent of all assaults with intent to kill. Showing that youth crime is the dominant factor and the three laws mentioned here are simply not working and making people feel unsafe in their own neighborhoods. DJT and Attorney General Pam Bondi highlighted this situation at a press conference yesterday with the federal government stepping in to support law enforcement in the nation's capital. ...

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How the shorter workweek is being tried at places such as Microsoft Japan, Toyota Gothenburg, Australian software company Icelab, and South Korean e-commerce company Woowa Brothers, with good results. Results include better collaboration, setting priorities effectively, and mutual respect for time. Workers get time to think, gain new perspectives, gather new ideas, and recover from weekly pressures. This WSJ reporter looked at over one hundred companies and found that if  done right it can improve company profitability and productivity. In a 4 week trial Microsoft Japan improved productivity by 40%. Alex Pang shows how this is being done in a new book - "Shorter: Work Better, Smarter and Less- Here's How." One way the shorter workweek works is by making everyone think what was not working during hectic work weeks without desired results, more work just adding to pressure and not producing results. For instance meetings had to be shorter and confined to certain hours only. Distractions had to be cut down effectively. Even soft music could help people concentrate. Building a new culture also helps bring people closer and find ways to work more effectively than in the past. The reinvigoration and ability to recover from pressures works wonders say experts and brings a new level of concentration, motivation and effectiveness. It is interesting to note that some of the pioneering effort in this area is coming from Japan and South Korea where long hours were tried and people began to realize that this approach to better results had serious drawbacks, and there had to be better ways.    ...

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Increasing regulation on Mexico's telephone monopoly of America Movil, and Telmex, part of Carlos Slim's telephone business in Mexico. Mexico's three main parties have agreed to increase regulation on the monopoly to reduce the high charges paid by Mexico's telecom users. Estimates by OECD show Mexicans paying an extra $13 billion a year from 2005 to 2009 because of the monopoly and high prices. The administration of Pena Nieto made controlling telecom and other monopolies an important part of its program. To get an idea of the extent of the monopolistic control - 70 percent of the cellphone market and 65 percent of fixed lines are controlled by companies run by Slim.  AT&T is now a competitor and is helping bring down high cellphone plan prices.

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David Talbot in this NYT guest essay looks at Dianne Feinstein as the mayor of San Francisco, which he calls a tough city to run and the mayor resolute.

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This story by Fiona Macdonald of BBC is from the BBC Britain series to be found on the Britain homepage.  It has some remarkable poems that help one deal with the fears of everyday life, how to cross these barriers that one comes across with different feelings of both hope and despair, how to bend with them and come out healing and growing. It shows how poetry can help bring a calmer soother element into our busy and sometimes frantic lives. Poetry that is read for its deeper subtle meaning with pauses and time to reflect on the words, each word gently,and let it gradually sink into our subconscious minds. The results can be amazing if it is read the right way, slowly, and not the way we read journalism, news reports, prose or essays. It is well worth reading the poems given here by Fiona Macdonald, even reading one can be soothing and calming in its effect.

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Peggy Noonan, former press spokesperson for president Reagan, says what the president does in private is as important as what happens in public- that the tweets by president Trump done in private have not helped in the first 100 days. She says attacks on the Freedom Caucus deepened divisions in the Republican party. The failure to shake German chancellor Merkel's hand was not a proper diplomatic move and shows lack of public respect for Germany with which America shares a common history. Her sense is that what counts today is a constructive mentality and keeping perspective for the long run, and in this respect the first 100 days are not encouraging, she says.

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A relatively minor situation, a mobile phone she reported stolen that was found in 2013, led to her being removed as the youngest cabinet member Minister for Transport in just 4 months in 2024. Before that she was Shadow Minister for Transport under Starmer. In those 4 months she ended a train drivers strike with a 14% pay raise over 3 years. She was elected as MP for Sheffield in 2015 at the age of 27 years having worked under senior MP Lisa Nandy. Educated at a private school in Sheffield, and studying at London School of Economics before switching to Nottingham University to study politics, there is something unusual about Louise Haigh in the way she handled the firing in just 4 months, for what was something inconsequential like reporting a mobile as lost, without any additional information from Starmer's administration. She did not let it affect her in the least, moving to work in the Labour parliamentary backbenches and rebuilding the Tribune Group to discuss ideas for solving problems in UK transport, health, inequalities, lack of investment. She had already come to know Metro mayors in UK as Shadow Transport Minister, including Burnham at Manchester. From that time in 2024 to 2026 may be considered one of the most transformative period of any English MP in modern history. Louise Haigh, and Lucy Powell MP and deputy leader of the Labour party who was also demoted by Starmer, worked together in the backbenches in a revolt against the welfare cuts made by chancellor Rachel Reeves that gradually destroyed the credibility of Starmer with the backbenches of the Labour party and the British working class. By the time of the controversy surrounding Starmer's chief of staff, a young man Morgan McSweeney, who had little experience except in organizing Labour primarily against Jeremy Corbyn to bring back Blair's diluted version of Labour -which had lost relevance after Conservatives failed to deliver much beyond decades of austerity years for Britain. Labour had to find a good voice and a plan, and quickly as the 2 years of Starmer led to Reform UK coming back to challenge Labour, winning big in local elections. This is where Louise Haigh and Lucy Powell come in. Louise Haigh was going to have none of it. She realized that Andy Burnham was the leader who could take Labour to heights that it had not seen since in post war period after 1945. That conviction led her to run the Makerfield election campaign for Burnham to get a seat in parliament and challenge Starmer for leadership of Labour. Without Louise Haigh and Lucy Powell, who is now Education Secretary and Deputy leader of Labour Party, Burnham may well not be the Prime Minister today. Haigh, says this BBC Report, wrote 2 Essays articulating the fight against a stagnant economy.  Where Rachel Reeves stuck to no longer relevant debt rules for a bold plan out of the economic mess, Haigh called for a significant loosening of Labour's debt rules, with the rolling five-year debt target extended to over 10 years as a start, bold investments, and a call to "re-examine the mandate" of the Bank of England so that the focus would be on growth and reviving Britain. Haigh supported Burnham for a new tax on the value of land to replace stamp duty on house purchases. "The status quo is not sustainable. We cannot afford to wait any longer before we change the system we inherited." It is this boldness that has led to Louise Haigh being put in charge of the newly created Office of the Prime Minister and the Cabinet, "the main driver for the British economy." ...

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After decades of neglect by different administrations and apathy at US semiconductor companies, semiconductor production investment in the US is beginning to take place. But the US Chamber of Commerce warns this is only a small trickle compared to investment in Asia. In a report on Nov. 22, 2021, the US Chamber of Commerce warns that only 6% of new semiconductor global capacity added over the next 10 years is expected to be located in the US, and urging that $52 billion in direct subsidies in the US for new chip factories be approved quickly by the US Congress. That the cost of owning a new chip factory in the US compared to South Korea, Taiwan and Singapore is higher by 30%, and in China by 50% is largely attributable to  the availability of subsidies in these countries from the government, and the absence of these incentives and subsidies in the US, according to the Semiconductor Industry Association report published last year. South Korea, China and Japan are now accelerating the pace of these subsidies and incentives. So that the US has a lot to do to make up for the years of neglect of its technology and competitive leadership. This WSJ Investigation report says South Korea aims to double its annual chip exports from today to $200 billion by 2030, and is offering billions of dollars in tax breaks, lower interest rates, other investments, including asking local governments to ensure adequate water supply for chip making. To keep up the US needs to change its entire approach to investments in critical industries from the approach and lethargy of the previous administrations since the 1980's.  US semiconductor companies, the Semiconductor Industry Association and the Biden Administration need to put together a concerted effort for US chip leadership beyond the slight increase from 16% to 24% the US hopes to gain in production of advanced chips by 2027 under the present plans cited in the WSJ. The Biden Administration issued a joint statement Nov. 23 that it is working around the clock with the US Congress, and more work remains to be done to "ensure that America remains the most innovative and productive nation on Earth." ...

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Total sales of Truth Social are $5 million over 3 years, it cost $40 million raised through convertible notes to finance losses, says this WSJ report. By using financial dealmaking methods this could create $300 million for Truth Social and $6 billion for Trump Media, says WSJ in the report. DWAC shares were set at $10 and are now at $144 with its connections to Trump Media & Technology Group, going up 150% in the last year. Digital World Acquisition is a SPAC meaning that it is a shell company- or special purpose acquisition company in financial jargon- that lists shares on an exchange with the sole purpose of buying a private company and taking it public. Investors buy and shell shares on the expectation of which company it buys and how that company will perform. Trump Media and Technology Group, the parent of Mr. Trump's Truth Social social media company will merge with Digital World Acquisition SPAC and the new company will replace the old with the sticker changing DWAC to DJT. This could happen next week if the majority of DWAC shareholders approve it. This could get Truth Social $300 million says WSJ and Trump Media main shareholder with 60% holding about $3.5 billion in this deal making, says WSJ. ...

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The California gasoline car ban is set for 2035.

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The James Webb Space telescope reaches its final destination on Jan. 24, 2022 at Lagrange Point 2 or L2 on the other side of the moon, one million miles from earth. In an amazing feat of science one side of the telescope the instrument side will be cloaked in frigid darkness, and the other will defect temperatures of 230 degrees centigrade facing the sun. This keeps the telescope's sensors cool so that stray heat does not interfere with its infrared scans of ancient galaxies and planets orbiting other stars.