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A look at how Kamala Harris plans to focus on specific aspects of the Biden Economic Policy Agenda that are of the greatest concern for the American public. Cost of living action is the highest priority. Harris has ideas on this issue to cut housing costs and has specific proposals from 2023 with rising housing costs to tackle this by limiting rent increases to 5%. She will also come up with specific actions to sharpen her focus on cost of living issues to help ordinary Americans cope with rising cost of living for groceries, autos, auto repair bills, insurance costs, and energy costs. Economic advisors include the following from the years since 2020 with Biden as his VP- Brian Nelson,Treasury Department, Mike Pyle   Deputy National Economic Advisor for International Economics, Brian Deese     former National Economic Council Director  Gene Sperling, former Biden Economic Adviser, Deane Millison former Harris Economic Adviser, Rohini Kosoglu, Grace Landrieu, Bharat Ramamurti.      ...

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California has lots of water after record breaking rains in 2024 but this is not the situation in the Central Valley leading agricultural region of California and the nation. Farmers in the San Joaquin Valley in California say they are getting a reduced allottment of water because of concern about endangered fish species. Farmers in the Central Valley the fruit and vegetable basket of California will get just 40% of their usual alottment of water this year and will plant less crops. Some ranches planting only 60% instead of 80% of their land. In 2014, 2015 and 2022 droughts the farmers lost about $7 billion and it cost 40,000 jobs, say University of California researchers. This area is a top producer of almonds, pistachios, and tomatoes. Westland Water District, which covers this area and is largest irrigator in the US, has a study that shows correlation between water and poverty in this part of California. Just when it is recovering the water supply is being cut. ...

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It is Tuesday afternoon in Volant, Pennsylvania, population 126 residents and a Minnesotan Walz is talking to farmers in rural parts of the state, farmers trudging their way to see him. In this part of midwestern America there is anxiety about the cost of living, about immigration, and about a way forward. It is here in Beaver County that Biden campaigned in 2008 and in 2020, and Walz is back in 2024 in the closing days to get his message across that America can be tough on immigration, and also invest in renewal by investing in the future, and controlling the cost of living, fighting monopolies and corporations that don't pay their fair share of taxes that can fund America's  rural infrastructure that has been neglected for three decades by both parties till the Biden legislation funding rural infrastructure renewal. This means getting the message out and fighting every step of the way in rural America that needs and deserves respect, says Katie Glueck.

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Biden looks set to having DJT at the White House and attending his Inauguration. He has accomplished much says Pat Schumer, Minority Leader in the US Senate. He also believe it or not looks quite healthy and active, and likely to look like that a few short years hence in 2027-2028. It gives Biden who did in one term for Covid response and vaccines, infrastructure investment and rebuilding America, withdrawal from foreign wars, what has never been done before in just 4 years, an opportunity to enjoy life after 40 years of public service. And by letting DJT tackle issues of Border and fentanyl flows from Mexico and China in the first 2 years, of unfair trade that have not been resolved for decades, so that America can benefit from the the best of both parties resources and strengths. Contrary to what so called "smart heads" say the two party system is working by engaging people in an ongoing vigorous debate and bringing fresh faces into public service. 

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Daniel Webster once said the Nation will do fine as long as it retained faith in the Bible and in spirituality. In 2025 33% of Americans attend religious services, 68% (Christians Jews Buddhist/Hindu) pray once a day, 80% believe in spirituality. This is shown in the Pew Research Religious Landscape Report just out in 2025. In America 40% are Protestant, 19% Catholic, 4% other Christian, and 2% Jewish, 2% Buddhist/Hindu. About 65% of the population openly identify with Christianity and the Bible, and this is now stabilized over the last 5 years. It is important to remember that Abraham Lincoln questioned some church religiosity and practices, yet had a profound belief in the Bible, his Devotional based on the Bible that was published in London in 1854 was one that he kept with him for most of the years serving the Nation. For close to 70% of the population having a belief in the Bible, and in God, is a good sign for the future of the Nation as it approaches it's 250th year, and a community that settled these British colonies and a vast continent since the 1600's for 400 years. ...

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Revised auto fuel efficiency standards win the support of GM, Ford, Chrysler, Honda and Hyundai. These standards would lower the average fuel economy to 54.5 miles per gallon by 2025, a decline from the initial target of 56.2 mpg. The revised proposal calls for a 5% average annual increase in fuel economy for cars and a 3.5% increase for light trucks through 2021. After 2021 both cars and trucks have to meet a 5% annual increase. Useful innovation in the new standards is to provide credits for hybrid pickup trucks, and give credits for technological advances that improve fuel economy but don't show up in EPA tests such as the one that shuts of the engine when a car is idling. Other credits would be offered for solar roof panels on electric vehicles. It includes incentives for "promoting early market penetration of tailpipe CO2/fuel consumption reducing technologies." This comes after a long period in which the U.S. lagged behind other countries in fuel economy. It could be one of the main achievements of the Obama administration, and help build a new auto industry around new technologies....

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India's goal in generating 20,000 megawatts of electricity from solar energy by 2020. The falling price of solar panels is giving a large boost to solar energy companies in India in 2011-2013

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Gemany face a serious challenge from Portugal and the teamwork of Christiano Ronaldo, Bruno Hernandez, Bernardo Silva, Diogo Jota in Euro 2021 soccer on June 19.

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About half a trillion dollars in business investment was lost as a result of the financial crisis of 2008-2009 and its lingering effects in 2010-2012. Irwin points out that business investment in equipment and software increased by 8.9% in 2010 and 11% in 2011, but this was off lower numbers after the financial crisis of 2012. And business investment has declined in the last 3 quarters, with a 13.2 % drop in durable goods orders for August 2012 driven partly by a drop in aircraft orders.

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India has reduced imports of oil from Iran from 12% in 2011 to about 9% by the end of April, 2012. A senior state department official from the U.S., Carlos Pascual, will be in India in mid May 2012 to assess the energy situation and see what specific energy facilities in India need to do. Some of the refineries in India are designed to handle only the kind of heavy oil Iran supplies. For the U.S. the issue is keeping up the pressure on Iran during the talks in Istanbul, Turkey, on Iran's nuclear program. For India it has the vital trade and economic relationship with the U.S. balanced against cultural ties to the region and the need for oil supplies.

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Mr. Zuchowski succeeds John Krafcik as CEO of Hyundai U.S. operations. Krafcik joined Hyundai from Ford Motor in product planning and became the CEO in 2008. Under him sales doubled. Hyundai was seen as delivering better value with a lot of features packed in its base models -a restyled Sonata in 2010 and the Elantra in 2011. From 2008 to 2011 Hyundai U.S. market share increased from 3% to 5.1%. Market share declined to 4.6% through Nov. 2012 partly due to capacity limitiations. In 2012 the EPA said fuel mileage claims were misstated for Hyundai models and testing was done improperly. Zuchowski joined Hyundai from Mazda Motors in 2007 as president of sales.

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Toyota's goal is to remain the preeminent automobile manufacturer in emerging markets and the IMV is part of its strategy for achieving this goal. The IMV series for emerging markets, with one million in manufacturing capacity coming off a single platform to lower costs, is designed to meet local needs from a price standpoint and rough road conditions. Sales of one million off of a single platform is an achievement only Toyota will have achieved. A minivan, a sport utility vehicle and 3 pickup trucks are all made from a single chassis, with localized production since 2004. The IMV series is expected to account for 10% of the 9.58 vehicle sales goal for 2012. CEO Akio Toyoda plans to increases sales in emerging markets to 50% of total sales by 2015, up from 40% in 2011. IMV vehicles are made in 11 emerging market countries- in Argentina, India, South Africa and Thailand, and are sold as the Hilux pickup, the Fortuner SUV, and the Innova minivan. Over the years Toyota has transferred more of the design and development to emerging market countries to meet local preferences and reduce the effects of a strong yen, leaving only core components to be designed and manufactured in Japan. As it recovers from supply disruptions due to floods in Thailand and the tsunami in Japan, Toyota is planning on sales of 9.58 million in 2012, a steep climb of 21% from the 7.95 million sold in 2011....

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Guardian Bikes in Indiana factory was shifted in reshoring to the US in 2022. By 2026 it hopes to change the situation from 90% Chinese parts to 60% of the parts made in the US and prices still within reach for American buyers of $199-$399 for childrens bikes. Other bike makers are hesitating, and some have moved to Taiwan from China.

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UK 'one in, one out' deal with France to return migrants crossing Channel in small boats November 2025. It is an effort that comes ten years after Denmark's Mette Frederiksen of the socialists pointed out the dangers of illegal migration to European society and five years after Wilders from the Netherlands pointed out the problems of illegal migration. 

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With a unanimous vote of the company's board on Nov. 28, 2011, American Airlines filed for bankruptcy. Gerard Arpey, CEO since 2003, is known to have resisted the move. Arpey decided to retire and will be replaced as CEO and chairman by Thomas Horton, the president of American Airlines. Analysts and management say the move is a proactive effort to take action before AMR's financial posiiton deteriorates further. AMR has about $4.1 billion in cash and short term investments. One airline analyst described it as an offensive bankruptcy to reduce labor costs and leasing costs in a proactive manner. American Airlines management has said in the past that its costs are $800 million higher than other airlines, because its pilots fly shorter hours and have more liberal work rules. Cost per available seat mile, an industry metric including labor and operating costs, is about 10% higher for American compared to Delta Airlines. American is also hit by higher fuel costs especially because about a third of its fleet uses older McDonnell Douglas MD-80's, and its regional carrier American Eagle flies 50 seat jets that are less efficient. American has total losses of $11.4 billion for the period 2001-2010. Additional loss was incurred for $982 million in the three quarters of 2011. Efforts to increase fuel effiicency of its fleet which is on average 15 years old, are underway. A $38 billion order for 460 new single aisle planes from Airbus and Boeing, with $13 billion in financing from the aircraft companies, was placed in July 2011. AMR says it will keep the order as planned. The end result is likely to be a smaller airline with fewer employees, fewer planes, fewer routes, and cuts at AMR's smaller hubs in Los Angeles and Chicago, says one aviation specialist....

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In India's southern coastline state of Kerala, PM Modi has pursued a strategy of working with the CPI led government on development projects, and at the same time contested elections to set up a BJP government in the state. The capital city of Trivandrum (Thiruvananthapuram) local election has led to a BJP municipal government in 2026. In an address to supporters in Trivandrum PM Modi said he was gratified by the results in elections for the capital city of Trivandrum (Thiruvananthapuram), and wanted to make it India's model city., It reminded him he said of the situation in Gujarat when the BJP party won elections in Ahmedabad for the first time in 1987 for city government. By showing good governance in Ahmedabad, BJP was able to win elections in the state and provide good government and industrialization for Gujarat for the decades since 2001 when Modi formed the state government. This bodes well for Kerala said the Indian PM. Many schemes for improving the welfare of farmers, for people in health, housing and small business loans are coordinated by the federal, state and city governments to get the best results and this speeds up industrialization and modernization in the Indian model to create the kind of results China and Japan achieved in their heyday. ...

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German chancellor Angela Merkel took a lot of criticism during the height of the euro crisis in 2010-2012, but maintained her composure, sense of direction, and flexibility to a changing environment. She emerges from the leadership test more confident than ever during the 2013 elections for chancellor. Relations with Greece under president Samaras are also being mended after the riots in Athens during 2011-2012. She has also shown flexibility coupled with firmness in the setting of deficit targets for eurozone countries, and the courage to address issues of equity and fairness by calling for setting minimum wages industry by industry. On social and womens issues members of her cabinet have pushed for fairness. She will be remembered for her leadership, ability to learn from mistakes as time progressed during the eurozone crisis and taking firm action when needed, as the eurozone recovers from its financial crisis.

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This editorial Board opinion piece in the WSJ gives exceptional insights into major issues facing Germany, the cost of electricity generated from renewables, failure to meet climate change emissions targets set by the government, and the difficulty of forming a new coalition government with conflicting goals of the Greens vs the CDU and the FDP.  By one estimate it cost households and business about $125 billion extra in higher electricity bills for 2000-2015 to subsidize renewable energy from solar and wind. Utilities are required to buy renewable at above market rates, especially since the energy revolution called Energiewende was launched by chancellor Merkel in 2010. German electricity prices are about 36 cents per kilowatt hour compared to 13 cents in America. The 2011 decision following the Fukushima disaster to phase out nuclear power by 2022 made the effort to meet renewables targets of 40% by 2020 compared to 1990 -exceeding the 20% for the EU- even harder. Germany sees a 30% target for 2020 as reachable.   Even though renewables can generate 50% of required energy supplies, only 30% of the supplies are utilized as the renewables are generated mostly in the north of the country and there is a lack of transmission lines to bring it to the industrial south. The dirty secret says the WSJ editorial board for the renewable story in Germany is that a lot of coal is used in dirty coal plants to meet electricity needs when wind and solar energy are not available. Cheaper coal not natural gas is preferred for such generation as daytime peak use that recoups more expensive gas cost is managed with renewables. Leading to the situation that Germany generates only 9% of energy from natural gas compared to 30% in the U.S.. The further Germany has gone in renewables has also led to the paradox of increased dependence on coal. Getting to the new Jamaica coalition being planned between the CDU and the FDP and the Greens. The problem is that the Greens want to see the 20 most polluting coal plants closed, the CDU and the FDP are willing to close only ten coal polluting plants. The WSJ's opinion is that voters chose the AfD right wing party with 13% of the vote because of the platform promise to shut down Merkel's Energiewende policy.   ...

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Laurence Meyer of Macroeconomics Advisors, a former Fed governor, says monetary policy will offset the effects of tighter fiscal policies and budget cuts. This is not stated explicitly he says, but Bernanke will counteract the effects of budget cuts and austerity policies by putting off rate hikes. The expiry in December 2011 of a compromise reached between the GOP and Obama to lower payroll taxes and offering business a tax break on capital investment will lead to a reduction in GDP by 1% in 2012, according to Mark Zandl, of Moody's Analytics. Pressure for budget cuts could add another half percentage point reduction in GDP, according to IHS Consultants. Bernanke will be mindful of these considerations as he considers any rate hikes in 2012.

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EV makers in US offer about $5000 in discounts to replace $7500 lost in government EV tax credits. The hurdle for electric vehicles is the lack of charging infrastructure and the cost of home chargers, in addition to the limited range in miles. The big jump in inflation centered not just on groceries in 2019-2024, there was a 34% increase in the cost of new cars and 50% increase for used cars, and a jump in maintenance costs. Reducing affordability for young people and making car ownership costlier. This turned into a cost of living crisis with groceries up 31%, that affected people's enthusiasm for climate change action when China was building one coal plant a week (adding 95 GW in 2024)- underlying the need to provide immediate relief to American working families and elderly through tax cuts, benefits and shifting tax dollars from climate change action to working families in the next 4 years. This is the approach taken under the DJT One Big Beautiful Act of 2025. Basically what the DJT side of the story is on emissions- US has only 12% of global greenhouse gas emissions, cut this by half to 6% and assuming the EU which has 6% of gas emissions also cuts by half to 3%, the saving just 9%  while the 82% of emitters China, India, Russia and Brazil etc not making the cuts needed the impact on climate change is not significant. If China and India want relief US working families also need relief.  ...

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President Macron announces a curfew from 9.00 pm to 6.00 am in Paris and eight other metropolitan regions of France covering about a third of the population. The cities are in addition to Paris region, Grenoble, Lille, Lyon, Marseille, Montpellier, Saint Etienne, Rouen, Toulouse.  Macron said "we have to act now." The president called for bringing the daily cases which have reached a high of 27,000 by October 14 to about 3000 or 5000. About 1600 of the 5000 ICU beds in France are now taken for coronavirus cases and the curfew is an effort to keep the numbers from jumping as they did in March  and April 2020. To do this he said: "we won't be leaving the restaurant after 9.00 pm and we won't be partying with friends because we know that that's where the contamination risk is greatest." Macron made it clear that scientists are all in agreement on the pandemic continuing till the summer of 2021. He urged people to limit gatherings at home to 6 people and wear masks.  Financial support will be given to people affected by the curfew in the hospitality industry.  Anyone found outdoors after 9.00 pm will be fined 135 euros and 10 times that for repeat offences.  ...

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Chinese premier Li Quang reveals that China's growth was 5.2% in 2023. Growth was 3% in 2023. Li Quang makes an effort to convince foreign investors to stay in China at the Davos meeting. Outflows of capital exceeded inflows by $11.8 billion in third quarter 2023, suggesting an exodus of foreign capital.

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The Yucatan Rail Project being moved forward by Lopez Obrador in Mexico is shown here in the WSJ. It moved forward during the pandemic years 2020 and 2021 and connects the Yucatan cities by rail. Yucatan cities  including Campeche and Merida bring about 8% of the country's exports and 10% of the country's GDP. Modern rail at 99 mph would connect the cities in the Yucatan to increase industry and tourism to develop the south east of the country. This is similar to the projects on the Brahmaputra river in the northeastern parts of India that are being opened up by new infrastructure rail and bridges for industry and tourism. Both the Yucatan and India's northeast are parts of the country that have much potential and have investment needs that were not realized in the past by previous administrations. The environmental impact in the northeast part of India and for the bullet train in the western region from Mumbai to Ahmedabad were held up by environmental concerns. A similar situation has happened for the Yucatan Rail Project. Even when enough trees were to be planted to help Mumbai residents for its Metro construction also shown in WSJ, he project was held up for political reasons. The bullet train project after its delay for political reasons will now cost nearly double that it would have cost before. It is supported by Japanese aid at very favourable financial terms that pay for the project, including direct government aid and Japan's rail technology. It is now moving ahead in 2022.  Infrastructure plays a key role in developing economies such as India and Mexico, yet it requires resolute conviction and perseverance as much of the political setup as shown in Mexico leads to leakage of funds meant for infrastructure and very little being done at great cost to the ease of living of ordinary people. In Mumbai and other cities in India. The same is true for Mexico which at this time of the pandemic needs to bolster its spirits and move ahead with much needed development work to help people in all parts of the country. With the Yucatan Rail Project Mexico can move to the next phase with wind farms on the Yucatan out to sea, and solar energy projects that could with new technology be transmitted to other parts of Mexico and to the US. It is important to keep trying and persevere on these new projects and look to a brighter future. For Mexico US relations better living conditions in Mexico also relieves the burden of illegal immigration and problems related to it in neighborly relations. Mexican officials should increase contacts with Indian officials working on the projects in the Assam region and  along the Brahmaputra river, in Indian states in the northeast, to exchange ideas and notes to gain from each other's experiences in integrating regions that were previously not integrated into the Indian and Mexican economies. This is a topic to be added to the G-20 topics to be discussed at the next meeting in Bali, Indonesia, on November 15-16, 2022. For Mexico it is an opportunity to also widen its infrastructure work to learn from what India is doing in solar and wind energy and build collaborative efforts. ...