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Medicaid Cuts - cutting costs for a program that went from $20 billion in 1980 to 918 billion in 2025, went up 45 times in 45 years. Projecting it out at this rate would leave little for other priorities for the Nation. Hence the need to set priorities- helping one means not helping the other in need. Helping a able bodied person means not helping the elderly who need help as by eliminating Social Security tax for about 90% of recipients over 65 years for instance. Medicaid was originally intended for able bodied. Critics of the plan say there is a lot of red tape and reporting at state levels. The correct solution would be to cut the stringent reporting requirements, cut the bureaucratic reporting, make it simple easy to report and not frequent. California, New York and other states will likely make the reporting easier. For impact on rural hospitals Collins and Murkowski have setup a $25 billion fund in this Big Beautiful Act to support rural hospitals. ...

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Facebook announced changes in June 2016 for the way its algorithm for news feed will work with increasing importance for content that is posted by the friends and family of users. The impact of this change is that the content directly posted by publishers will now get less importance. Under the Instant Articles initiative Facebook had previously given publishers a way to reach the larger social media audience it attracts. This now changes with publishers reminded of the uncertainty in the way social media sites continue to change their algorithm.

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The State Budget Crisis Task Force is co-chaired by former Fed chairman Paul Volcker and Richard Ravitch, a former lieutenant governor of New York. The Report of the Task Force says rising pension expenses and healthcare costs for public sector employees and Medicaid costs are severely reducing the ability of states in the U.S. to fund essential infrastructure improvements, education for low income students and other services. The report said there were six major threats to the fiscal situation of states- including Medicaid spending, underfunding of retirement, "budgetary gimmicks" to address the short term needs, and uncertain tax revenues. Ravitch told a news conderence: "It will be a hell of a lot more expensive to deal with theses problems in five or ten years than to deal with them now." The report focussed on California, New York, New Jersey, Illinois, Virginia and Texas. It was funded by the foundation of Blackstone Group co-founder Peter Peterson, and George Soros's Open Society Foundation....

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Some Knight employees noticed the erratic orders going out in the first couple of minutes of trading on the New York Stock Exchange and sent messages to Knight managers. Yet it took over half an hour, something like eternity say traders, for Knight to respond. It should have pressed the "Off" switch to stop the erratic orders, so traders are now asking why there was no mechanism for Knight to stop the trading immediately.

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A decade of work from small beginnings for coach Todd Schmitz at a high school in Colorado and swimmer Missy Franklin. The Journal reports that Missy Franklin turned up at the pool on the first day of Schmitz's work as swiming coach. Schmitz was a corporate executive who tried his hand as swimming coach. Missy Franklin plans to continue swimming in college and plans no changes to the way she lives her life, no commercials or sponsorships and no special swimming programs in Florida.

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Companies added 159,000 jobs in October 2010, the US Labor Department reported. Most of the jobs were in retail and temporary help services and in health services. Retail added 28,000, temporary help services added 34,900 jobs, education and health services added 53,000 jobs. The unemployment rate for the US still remains at 9.6%. And the broad measure of unemployment, including people who are working part-time because no full time work is available, plus people who have given up looking for work, remains high at 17%.

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More flexible attitudes about how lives can be lived and independent attitudes are leading to more people in Japan doing things alone on their own. For people to travel, go to concerts or events alone, and take part in other activities alone, is becoming more acceptable in Japan, a country where doing things together was once the only way. About 50% of people in Japan now do things independently, as society changes and demographics adds another factor of single people in retirement. The term used for this is ohitorisama in Japan. There is even karaoke for one person on his own, and eating by oneself at a restaurant or at work is now ok, quite acceptable.

 

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This report in the WSJ shows how Amy Barrett, the new Supreme Court nominee, has managed to combine parenting with her career as a Notre Dame professor and judge on the Seventh U.S. Circuit Court of Appeals. A lot of help from her husband, a flexible workplace, living in a smaller town South Bend, Indiana, and a willingness to go with nonconformity, make it possible. She is up at 4 or 5 am to exercize. Blending different worlds is part of this. She can go from work to run an activity for the children. She also views raising children as the activity that has the "greatest impact on the world," so that her career is seen in a bigger context of life.

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The Biden administration is looking for more information from companies facing a global shortage of semiconductors. This request for more information comes as leaders of GM, Ford, Intel Corporation, Apple, Samsung, Medtronic, and Taiwan Semiconductor Manufacturing meet Mr. Biden at the White House, and the Biden administration looks for ways to help tackle the shortage. Diplomats of the US in Malaysia and Vietnam and other countries will work with governments in these countries to keep factories running with covid 19 protections in place.  The president of the Semiconductor Industry Association says the companies are looking forward to the discussion to meet national security and global technology leadership concerns, and strengthen America's chip supply chain.

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Kashmiri shawl weavers were mostly women. Mechanization has pushed many from earning their livelihoods from the shawl industry. New ways are being found to revive the older shawl weaving methods and give Kashmiri women an opportunity to work and be financially independent. A lot can be learned from the French who have a thriving industry using hand weaving with new technology and marketing techniques for hand woven fabrics using new designs. Some of these French companies could actually collaborate with Kashmiri makers to relaunch this industry in a new way and employ many women in making shawls and other specialty fabric designs. This manufacture would also command higher prices in a niche market segment in India and in world markets.

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Intense devotion to a few high priority tasks gets better results and is a way to work smarter, says Hansen in WSJ. Research shows high achievement comes from being more focused in what you do by selecting the tasks that are most critical and concentrating the most attention on these tasks to get it right. Merely working long hours no matter how talented you are is not the best way to get things done. Having clutter actually hurts a presentation and one slide can get more accomplished because it is the critical one to present. 

Getting things done means often doing less, being selective, and instead of longer hours simplifying to get what really matters most done.

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Questions about the sanity of having a nuclear plant at Indian Point, only 35 miles from midtown Manhattan, in a metropolitan region with 20 million people. A 50 mile circle from the plant includes almost all of New York City, parts of New Jersey, Pennsylvania, and Connecticut. Indian Point's evacuation plans cover a 10 mile circle with about 300,000 people, twenty miles out the distance cited for Fukushima, is about a million people.

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This WSJ report shows how the debt ceiling negotiation were conducted and the process that made it possible to reach an agreement since the State of the Union address by president Biden on February 7, 2023. It started with Biden getting unanimity right on the floor of Congress during his speech about protecting Medicare and Social Security. The Republican strategy was to pass the legislation on spending that did not specify where cuts were to be made yet used 2022 spending levels with a 1% increase. The deal was to be for three years and passed the spending bill with an increase inthe debt ceiling. Till that time the Democrats decided to not enter negotiations.  Biden and McCarthy then had to choose who would represent their side in the long negotiation process that lay ahead till June 5. Progressive Democrats called for invoking the 14th Amendment that allows the government to continue functioning and pay its bills. Biden chose not to take that route. Respect for the other side, a prepared script are an important point in negotiations. To get results something even more important is essential flexibility and a plan, Plan B. Trust began to develop between McCarthy and Biden. Biden and McCarthy did not any time engage in acrimonious description of the other side. At one point when Biden was in Hiroshima for the G7 meetings Ricchetti on the Biden side and Graves on the Republican side began to feel the frustration. Biden decided to fly home early from Hiroshima. He was constantly in touch with his negotiators Steve Ricchetti, a trusted aide, and a cabinet official the Budget Director Shalanda Young. Graves a long time trusted adviser of McCarthy headed the negotiations for McCarthy.  Shalanda Young and Garrett Graves are both from Louisiana and Graves says he used to work out with Young's dad in the same area. This had a positive effect. It also reduced the tensions in the negotiations so that it could be said this was the calmest negotiation from either side that has been seen in the US  for a long time and bodes well for America's future and for its people, far beyond any concessions made by either party.  Biden made clear at the outset what he could accept without leaving it hidden- he would agree to some work requirements, he would not agree to work requirements for Medicaid. Others in the Democratic party conveyed how distraught they were with efforts to impose stringent requirements for federal food aid during a cost of living crisis when the Republican positions ruled out any new taxes on the wealthiest Americans. In the end Republicans agreed to keep spending limits for 2023 for two more years into 2025 when they would be increased by 1%. Democrats offered to cut (Income Tax) Internal Revenue Service (IRS) spending to increase IRS staffing from $80 billion to $70 billion. Biden said "nobody got everything they wanted." It would have to be passed in Congress with the support of moderate Democrats and moderate Republicans, with members holding extreme positions among Republicans and Democrats opposing. The two parties coming together after a long time to meet the real challenges ahead for the American people. ...

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The U.S. economy added an average of 284,000 jobs each month for October, November and December 2015. In December 292,000 new jobs were added. The monthly rate for the first 9 months was an average of 200,000 jobs. This shows the pace accelerated by Dec. 2015. In all 2.65 million jobs were added in 2015. The unemployment rate is now at 5%. Yet the wage gains are modest, at 2.5% for 2015. The average hourly wage is at $25.24. The labor force participation rate has declined for many years and stands at 62.6%, as many people are too discouraged to look for work- this is the share of Americans having jobs or looking for work. Experts say this is like a huge shadow work force existing on the side that could explain the lack of wage gains, as the official figure of unemployment is not reflecting the discouraged workers who have dropped out of the labor market.

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A Infratest Dimap opinion poll for broadcaster ARD shows 70% of Germans rating finance minister Schauble's work positively in July 2015.

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Judith Dobrzynski's interview with David Neelman, CEO of Jet Blue, at the airlines offices in Forest Hills, Queens. Neelman talks about the problems facing Jet Blue as it faces losses in 2006. This follows rapid expansion at the low cost carrier. He says Jet Blue did not monitor costs effectively. "Other problems include not pricing connections competitively with other airlines and poor revenue management. Analysts say low cost carriers will have a difficult time with high oil prices. Neelman maintains that it still works for oil at $60 a barrel. Jet Blue is turning its order of 100 Embraer jets, planes with 100 seats and 200 mile range to advantage, by gaining flexibility to serve short haul destinations from New York and Boston to Columbus, Tucson, Nashville, Houston and other places.

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 Housing and lack of rental housing units in Amsterdam a top issue in 2025 elections. There is an estimated shortage of 400,000 homes in Netherlands, about 5% of the total housing units in the country. D66 party of centre-left has proposed 10 new cities. The Labour- Greens propose a tax on vacant properties. Geert Wilders Freedom Party proposes a "crisis plan" and fewer rules. Young people from overseas find the situation worse than in New York City. A 2024 law on affordable rents has led to landlords selling off properties instead of renting out space.

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Bloomberg Philanthropies has committed $600 million to fight tobacco use worldwide between 2007-2016. Tactics used in New York City reduced the city's smoking rate from 22% in 2002 to 14% in 2011. These tactics will now be used in countries around the world from China to other developing countries. Already an effort has been funded in Turkey including putting a new smoke-free law in place in 2008. According to Tobacco Atlas cigarettes contributed to 6 million deaths in 2011, 80% in the developing world, with high use in China, Indonesia and India.

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Apple is introducing end to end encryption or Advanced Data Protection. It expects iPhone buyers to set up recovery contacts, recovery key, and to turn on this feature of Advanced Data Protection. Joanna Stern talks to Apple's head of Software Engineering  Craig Federighi in this video that shows how this works. Stern asks why this took so long.

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To tackle procrastination just make it very simple, just take the next step only. Break up the task and start the small next step and not worry about how it goes. From there everything happens, everything follows, with genuine sincerity it works. Then tasks get done and the initial dread of the task fades away replaced with new confidence it can be done.

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Hard Brexiters include Boris Johnson who insist on this at any price. Soft Brexiters include Treasury Secretary Hammond, who want to minimize disruption to the economy. Liam Fox and Michael Gove just want to make it work, that is all. A list of ministers on either side is shown here as prime minister Theresa May faces a split in her Conservative party in June 2018.

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China's effort to tie Vietnam and Malaysia to its economic system- will it work? China has trade worth $982 billion with 10 neighbors in South East Asia compared to trade of $786 billion with EU and $688 billion with US.

Some of that $982 billion is product shipped to Vietnam by China, assembled there and shipped to the US. This is why DJT/USTR put 46% tariff on Vietnam, now reduced to 10% for 90 days till negotiations. President Xi of China visited Hanoi, Vietnam, to sign 45 bilateral cooperation agreements to bind Vietnam closer to China's state run capitalist system. At the same time premier Lam of Vietnam is seeking negotiations with US and has talked to president Trump. What is going on? Vietnam hope to have ties to both US and China. Will it work?

 

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For the first time Ukrainian faces doing great work in wartime, staying calm in unbelievable stress, as part of Ukraine Rail, can now be seen. The amazing work done by Ukrainian Railways for helping get refugees to Poland from cities like Kharkiv and Kviv hard hit by shelling, is shown in this Guardian picture essay. On the return trip the trains bring back humanitarian aid from Poland sent by the US and European Union countries. The Ukrainian Railways has 230,000 workers and all of them have remained in the country to operate the trains and train stations in this war and refugee crisis. Many of the trains operate in darkness into stations that are dimly lit. "The soul is torn and the heart aches, as a train driver I see what is going on," says Chumak, 43, the train driver for the Kviv to Lviv trains for evacuation of women, children and other refugees. At the peak 200,000 people were travelling every day going west to Lviv, trains were free of charge for everyone with women and children having priority. In the first 2 weeks of the war 2 million passengers were taken to safety. Shown here also is the train driver Yaroshenko, 36, for Train No. 82  the Uzhorod to Kviv train going to the Slovakian border. During the journey the train lights are turned off near Kviv or anywhere that is dangerous, as he says who knows who might be lurking nearby. He sees himself as part of the Ukrainian war effort. Tetjana, 36, and her daughter Sofia, 5, are shown on a train to Przemysyl in Poland. She worked as a train conductor on evacuation trains till she decided to take the refugee train herself for the sake of her daughter. If tracks are damaged, they are quickly repaired. Territorial defense units protect the key places and bridges so that the risk is reduced, though shrapnel from missile attacks elsewhere can damage windows of trains.   ...

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Public health experts warn that it is essential that countries reopening their economy have a reproduction ratio of much less than 1.0 so that the rate of increase is under control. Germany's Robert Koch Institute which advises the German government says the reproduction ratio which was 0.70 in mid April is now up to 0.96 after creeping back up. This is based on a mathematical model and extrapolated from infection numbers several weeks back.  It doesn't reflect the change by recent easing of lockdown measures starting with reopening smaller stores. This validates the careful approach adopted by France which was put forward by prime minister Edouard Philippe in his address to the National Assembly. The Assembly approved the plan 368 to 100. More legislation will back up the French government's authority to ban non essential travel between French departments and the creation of a large brigade to perform contract tracing. That involves finding testing and isolating everyone potentially infected, using dedicated locations. Detailed restrictions on travel, work and gatherings will take effect when France reopens partially on May 11.  France is also putting resources behind its testing program to test every person having coronavirus symptoms, and all they are in contact with. That means about 700,000 tests a week. Officials will generate a color coded map from this with red areas facing more restrictions than green areas. Student size is capped at 115 per class. Cafes, restaurants, movie theatres and large museums will remain closed. Gatherings of more than 10 banned. Those who can work from home asked to do so. Public transit users will be required to use masks, and marks on platforms will indicate the social distance required. Only essential travel is allowed more than 62 miles from home. These rules remain till June 2, when new ones will be set. Large music festivals and sporting events are canceled till the fall. Mr. Philippe says "these efforts will not be in vain and should allow us to arrange for a better summer season." ...

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The unemployment rate of 5.9% in the US in June 2021 is still higher than the pre-pandemic rate of 3.5%. It is also different in other ways that are not so apparent. There are 9 million Americans looking for jobs. They are also looking for jobs outside industries that were hit hard during the pandemic, or pursuing better jobs with less commute and more remote work, and jobs outside of warehousing which requires less of the skills and training they have or in remote locations far from where they live. Economists like to use terms such as "mismatch" to describe this as in this report in WSJ. This does not bring home to us the enormous human toll of the pandemic. A recent survey of US workers for April by the Federal Reserve Bank of Dallas found that 31% of people do not want to return to their old jobs up from 20% in July 2020. One in three from one in five last year are looking for something different than the the jobs that were hit hard in each successive wave of the coronavirus pandemic. Other surveys have found that 70% of workers who last worked for the leisure and hospitality industries are looking for something in a different industry. Leisure and hospitality that includes restaurants and hotels, airports, were hammered in this pandemic. And 55% of job applicants in one survey were found to be looking for remote work. Economists also see the macroeconomy in terms of supply and demand for labor, in terms of interest rates with low interest rates as a way to tackle unemployment, yet this has limited value in real life situations in the economy when it is affected by a number of factors, including some unusual factors such as the pandemic and man made events such as the global financial crisis of 2009 from banking missteps. The federal government has to take steps of its own to support Americans as these changes take place in the economic situation and Americans are in need of help with adjustments. ...