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Advertising and marketing creatively to give a new image, in this case to a French hotel chain.

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An index for consumer prices for the U.S. was up only 0.8% for the 12 months of 2014, according to the Bureau of Labor Statistics. This is well below the U.S. central bank's target of 2% inflation. It creates uncertainty about whether the U.S. Fed will raise interest rates in 2015.

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German statistics agency Destatis recent figures show "people with a migrant backgorund" make up 27.2% of Germany's population. Of 82 million people about 22.3 million are foreign born or have foreign roots. Foreign nationals make up half of the group. Of this 7.5 million have links to other EU nations, 3.5 million to Middle East, and 1.1 million to Africa. Turkey, Poland and Russia make up 28% of this group with Turkey at 12%. of the people wioth a foreign background speal 

About 46% of these people speak mostly German. Turkish 8% and Arabic 5%. There are 308,000 Ukrainians living in Germany. After the Ukraine war 335,000 refugees have arrived in Germany and many more are arriving daily. Ukrainians do not need a visa to come to Germany,

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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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To get an idea of Indian potential growth rate one can see the potential of states like Bihar and Maharashtra. Bihar state in India is where the potential for economic development is huge and growth rate of 22% for 2025-2026. Imagine a state with 130 million people in India with about 17% urbanization compared to 37% for India. Most of the development concentrated in the capital city of Patna. Other cities being Gaya near Bodh Gaya, home of the world's most important ancient Buddhist sites where Lord Buddha spent most of his life, and Bhagalpur.  The new plan is to accelerate urbanization in Bihar. After Pataliputra and Kankarbagh 11 new satellite cities are to be set up under an new plan for Bihar. Housing Minister Nitin Nabin of Bihar state says- “The new townships will include nine divisional headquarters cities, Sonepur and Sitamarhi (Sitapuram). The initiative will reduce population pressure on major cities, ensuring better basic infrastructure and scope for further expansion. Special emphasis will be laid on roads, traffic management, drainage, waste disposal, green parks, and residential areas. The nine divisional headquarters were Patna, Muzaffarpur, Bhagalpur, Gaya, Darbhanga, Munger, Saran, Saharsa and Purnia. Committees will be formed to monitor the townships’ overall development." ...

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Modi in West Bengal - many rallies across the state for second phase of State Elections and goals for Vikshit Bharat (Modernized India 2047) with West Bengal as a key part in Paribortan or Transformation. The state has lagged far behind other states in India in industrial development, in women's rights, in standards of living, with much of the younger generation finding it hard to find jobs in a largely agricultural economy. State policies of the government have provided poor governance, lack of rule of law, and discouraged industries from setting up in the state, leading to a sense that the future is bleak for the state if this continues for any longer. As this poor state of governance has been happening for 15 years. Bengal played an important part in India's struggle for independence. Post war governments under the Congress party, Communist Party, and a local regional party TMC have all failed in succession to modernize the state economy and build its industries, leaving it as an agricultural backwater for the Indian economy. This election is an opportunity for the new generation of people in their 20's and 30's, for women, for all Bengalis to give modernization working together with the federal government and Modi a chance to set it on a new path to modernization.  ...

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The Portuguese coach Jose Mourinho has been shaking up soccer for along time now. He is still shaking up soccer today as he puts Tottenham at the top of the Premier League, after knocking out Manchester City and drawing with Chelsea.

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Why the lessons of Wuhan have not been understood correctly says this WSJ report. Merely putting lockdowns is not enough, systematic testing and quarantining of the affected persons is needed for controlling the outbreak. The outbreak in Wuhan was controlled by sending affected persons to makeshift hospitals and temporary quarantine centers. Two hospitals were quickly setup in Wuhan in 2-3 days to isolate affected people from the rest.

It is slow but this is being done as New York sets up a makeshift mobile hospital with 1000 beds at the Jacob Javits Convention Centre. And London sets up 4000 beds at a conference centre in the city.

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DW.com's Becker looks at how much an iPhone would cost if made in the USA. Jason Dedrick of Syracuse University says it would add $20-$30 if final assembly was done in the U.S.. If components and parts were also made in the U.S. this would go up to $80-$90. Other factors are that the production clusters set up by Foxconn have taken three decades to set up and would take time to replicate. President Trump has said Apple should make the iPhones in the U.S. to create jobs. As Foxconn is rapidly adding robots and automation the number of jobs are shrinking in the production process.

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Inflation in the European Union is being pushed up by higher profit margins of companies as they push up prices. Wage pay rise is only part of the problem, says Mr. Panetta, an executive board member of the ECB. Profit margins at public companies in the eurozone were pushed up from 7.2% in 2019 before the pandemic to 8.5% for the year through March 2023. A similar situation exists in the US. Companies could be increasing prices to make up for input price rises, anticipating future price inceases, or with market power to take advantage of  the situation, says Panetta. Panetta says his job on the 6 member executive board team of ECB is to look at all the causes of inflation. He has found sectors where even when input prices are decreasing profit margins and profit are increasing, a cause for concern. At a conference in Frankfurt last week Panetta pointed out that about half of the pressure for inflation came from wages, the other half from rising profits. In Europe wages rise is slower than in the US. It is also seen that market power of European companies was higher than in the US last year.  ...

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After rapid growth during 2021 home sales in the US are expected to decline by 10% in 2022, according to the National Association of Realtors. The rise of remote work and homebuyers seeking more space had pushed up sales in 2021 with low interest rates. Mortgage rates are now up to 5% in an higher interest rate environment having an impact on home sales. Higher median home prices with the median price of a home up 15% in March compared to the previous year, and 9.5% lower inventories are also having an impact.

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Optimism from the Washington Post Editorial Board now that Homan is in charge and law enforcement cooperation between state local and federal takes place. Homan was  briefly bypassed in the team set up by Kristi Noem, Secretary of DHS, and  as a result Border Patrol agents began their own sweeps that were not in accordance with DHS and ICE methods of operation. This was shown in the WSJ reports of the last few days creating unnecessary confrontations with protestors, increasing numbers of agents as a result, and both risking the lives of law enforcement and of protestors. Republican senators in Congress defended the rights of Americans to protest. Local and state cooperation with federal law enforcement was key to maintaining order and peace in neighborhoods, ensuring everyone's safety. This is now taking place with Homan meeting Attorney General Ellison, and state governor Walz. Homan said “certain improvements could and should be made” and that the government had not “carried this mission out perfectly.” Washington Post says Homan acted like a professional when asked about Pretti. “I’m going to tell you to let the investigation play out and see where it goes." The Post says handing over criminal immigrants sgould not be controversial, as Kristi Noem says migrants with criminal records were released onto the streets from jails by local officials. There is a lot of soul searching that needs to happen on the part of all, with less reckless behaviour that only aggravates the work of law enforcement and reduces the safety of streets and neighborhoods, and worse is not in accordance with America's tradition of treating people fairly as long as they are acting with decency. ...

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Jenny Strasbourg of the WSJ provides this much needed report from London about the courageous decision by AstraZeneca and Oxford University to give vaccines away at no profit to the whole world, to billions of people in Africa, Asia, and Latin America. Without this brave decision by a British company and a British University the world would be a lot poorer, more variants could have happened, making us realize the great contribution Britain has made and how indispensable it is to the planet. Add to this the effort of Indian companies including Serum Institute that provided the manufacturing facilities and capabilities for making most of the British vaccine. AstraZeneca delivered 2.3 billion doses of the vaccine globally as of mid-December, according to the company. The International Monetary Fund estimates that low and middle income countries received 3.25 billion vaccines as of Dec. 11, About half of this or 1.6 billion doses were Astra Zeneca shots. This is a bigger share than any other vaccine by far and a life saver to the world. AstraZeneca stepped up early in a true to the best ideals in Britain to meet the needs of the world-  aiming to deliver 3 billion doses in 2022 and sell them at no profit as long as the pandemic continues. As the shot does not need cold storage it is ideal for India and other Asia, Africa and Latin America. "We are all very proud throughout the company of the impact we have had," says AstrZeneca CEO Pascal Soriot. By far the biggest manufacturing was done at Serum Institute of India which supplied 1.3 billion doses of the AstraZeneca vaccine to 70 countries. Mr. Modi pushed forward the export of vaccine made in India to the world from the beginning in the same spirit of cooperation and the best ideals that Britain was living upto. Serum Institute can produce as much as 250 million doses of vaccine a month making it possible for India to tackle the vaccination population of 1.3 billion people.   None of this could have happened without Oxford University and AstraZeneca and Indian companies with Mr. Modi's active support living up to the best ideals of Britain and India for the world. "When you add up the benefits to humanity, I think you'll find the vaccine holds up pretty well in terms of the ill health it has prevented, and the deaths it has prevented," says John Bell, a senior Oxford academic who in 2020 guided the University through its vaccine-partnership talks with Astra Zeneca. Because in the real world AstraZeneca shot has held up so well it is also a choice for booster shots. ...

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Bringing up the middle class from the ground up is the key focus of Harris as it was for Biden. Biden has repeatedly said it was the middle class that built America. That is the theme of Harris's plan for the economy, to build opportunities for the middle class and the working class families in America. The speech was delivered September 25 at the Carnegie Mellon University in Pittsburgh. This report is from the Pittsburgh Post Gazette.

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An excellent midlife health test for checking physical health, mental health and cognitive health. This can be done by anyone at home and is fairly simple to take. Also suggested are exercises that may help in each of 9 categories of the test. This includes the well known standing on one leg in yoga pose, press-ups, sitting and standing from a chair, linking fingers behind your back, calf raises. And for mental health drawing a clock face with the numbers, jotting down fruits and vegetables you can in 60 seconds.

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After the financial crisis of 2008-2009, commercial real estate defaults posed a serious threat to the US economy. Now this threat is receding with low interest rates making it easier to get cheap financing, which raises the returns. For banks the rising earnings give a cushion to absorb losses, letting them sell distressed properties and not have to hold onto them. From office towers in Manhattan to Florida apartment buildings and retail properties in Washington, commercial real estate values are going up. Prices of commercial real estate properties sold by institutional investors went up by 19% in 2010, according to an index developed by the MIT Center for Real Estate. Investors have boosted the prices of bonds backed by commerical real estate to the highest level in two years. The managing director at Real Capital Analytics says, that with values going up, both the owners and lenders have more room to work out difficult situations. Real Capital Analytics January 2011 report shows that of the $52 billion in retail properties to fall into default, a little over half have completed workouts. In Feb 2010, the Congressional Oversight Panel of the Troubled Asset Relief Program said that the commercial real estate market had the potential to pose a serious threat to the US economy. The panel estimated that about half of the $1.4 trillion in commercial property real estate loans set to be paid off by 2014 were under water, where the borrower owes more than the property is worth. Market segments for hotel, apartment buildings and retail are going up. Hotel occupancy rates in the top 25 markets went up from 60% to 64%, according to Smith Travel Research. Sales of apartment buildings in the US went up as home ownership hit new lows, and lease rates went up to the highest levels in 4 years, according to Axiometrics....