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By paying their fair share of taxes Biden says in State of Union speech to US Congress 2024 one can increase investment in education, affordable childcare and better living for seniors in their homes, and still cut the deficit by hundreds of billions of dollars. What is fair share? Certainly not zero percent that 55 of the largest corporations paid on $40 billion in profits in 2020, and corporate minimum tax was introduced at levels of 15% for which most ordinary Americans are not eligible for. And certainly not 8.2% that Biden said was being paid by 1000 billionaires in the US. Not a single penny more is being asked of hard working Americans earning less than $400,000 a year. Biden said he wanted to see the corporate minimum tax at 21% not 15%, and the top corporate tax rate set at 28% not the 21% that it was reduced to in 2017 from 35%. In short his predecessor turned to help companies and billionaires profit from the popular distress of the shipping of jobs overseas and the 2009 financial crisis caused by Bank executives without investing the nation's capital resources in manufacturing at home in scale to match and exceed China's. And at the same time neglecting to do anything about the concerns of the people for ease of living- affordable access to childcare, preschool education, education, health care to match Europe/China/India in quality and cost, and aging transportation infrastructure of airports, subways, roads and bridges. The savings when this is done properly go to cut the deficit by over 4 trillion dollars and keep America as the leader of all G-20 economies.
Linked Articles
Biden Draws Sharp Contrast With Trump in State of the Union
WSJ 03/07/2024
Biden Pushes More Corporate-Tax Hikes to Draw Contrast With TrumpWSJ 03/07/2024
Chronic or endemic coronavirus in New York with 76% fully vaccinated and Portugal with 85% fully vaccinated is a situation in some places. This still means 15-25% of people that are unvaccinated are at risk and with vaccine protection waning without a booster shot the risk of a fourth or a third of the population still at risk. The lifting of preventive steps such as social distancing, masking and other actions plus the shift to indoor, reopening of schools and colleges, could still lead to a surge.
Linked Articles
Endemic Covid-19 Has Arrived in Portugal. This Is What It Looks Like.
WSJ 10/24/2021
New York City Inches Toward Covid-19 Becoming EndemicWSJ 10/25/2021
Walks taken out in parks, nature settings, and further out in wooded areas are seen as essential for health and wellbeing during the pandemic. This is becoming increasingly popular in the UK and can be pursued in the US, other parts of Europe, India, other parts of Asia, Latin America and Africa as a way to promote neglected mental health during the pandemic. Vaccines are doing their part for body health yet much remains to be done for mental health which has taken a big hit during the pandemic.
Linked Articles
‘These salt marshes saved my life’: how nature is helping mental health
The Guardian 10/09/2021
Two-hour ‘dose’ of nature significantly boosts health – studyThe Guardian 06/13/2019
Linked Articles
Faith, Freedom, Fear: Rural America’s Covid Vaccine Skeptics
NYTimes.com 04/30/2021
Vaccine Skepticism Was Viewed as a Knowledge Problem. It’s Actually About Gut Beliefs.NYTimes.com 04/30/2021
Linked Articles
E.U. and U.K. Fighting Over Scarce Vaccines
NYTimes.com 01/27/2021
Michel Barnier tells EU to step back from Covid vaccine warThe Times 01/30/2021
Microsoft would have to make a large outlay for TikTok with uncertain prospects as TikTok is losing money. The closer it gets to the U.S. ban date of September 15 the steeper the drop in value of TikTok.
Linked Articles
Trump Says U.S. Should Get Slice of TikTok Sale Price
WSJ 08/03/2020
Microsoft May Test the Faith With TikTokWSJ 08/03/2020
Serum Institute of India plans to manufacture 400 million doses of the Oxford vaccine by December 2020, in alliance with Oxford University and Astra Zeneca of UK.
Linked Articles
Drugs firm to begin making potential virus vaccine
BBC News 06/05/2020
How One Indian Company Could Be World's Door to a COVID-19 VaccineNYTimes.com 06/04/2020
Bolivia's socialist government of Evo Morales has taken a different approach by reducing subsidies and increasing gasoline prices to about $2.00 a gallon in 2013. Salaries of governent workers was also increased by 20% in 2013, and additional 10% added to price of locally produced grain and corn, in policy actions. Morales cited as a reason the $150 million in smuggling to neighboring countries of the $660 million in gasoline imports, wasting a significant part of the $380 million annual state gasoline subsidy which could be used for infrastructure. In Venezuela both opposing candidates for president Maduro and Capriles supported the state subsidy for gasoline that is exceptional among developing countries, and at a time when Venezuela is short of foreign currency for other imports.
Linked Articles
Almost-Free Gas Comes at a High Cost
Wall Street Journal 04/12/2013
Turnabout in Bolivia as Economy Rises From InstabilityNew York Times 02/16/2014
New York Mayor Bloomberg, and an editorial in the Washington Post after the Supreme Court hearings on the health care mandate and Medicaid expansion, describe the challenge facing America. The political class in the U.S. is quite content with promising something for nothing, which Bloomberg calls delusional.
Linked Articles
The Supreme Court’s civics lesson - The Washington Post
Washington Post 03/30/2012
Federal Budgets and Class WarfareWall Street Journal 03/29/2012
John Taylor and Allan Meltzer point to the risks of short termism and discretionary policies at the Fed. Taylor says a single mandate for inflation should replace the current dual mandate for both inflation and unemployment so that monetary policy can be rule based avoiding the boom and bust periods hitting the U.S. economy in the last decade, when interest rates were set too low using discretionary policy.
Linked Articles
The Dangers of an Interventionist Fed
Wall Street Journal 03/29/2012
The Folly of Economic Short-TermismWall Street Journal 08/11/2011
The Indian lower house of parliament passed a Food Security bill in August 2013. Rieff says China made serious progress to reduce malnutrition from over 21% for children under 5 years to around 7% today after 1990. In India malnutrition for children under 5 years is above 40%. There is a lot that developing coutnries can learn from each other in this area including the Bolsa Familia program in Brazil which uses the concept of improving vaccination for children and school attendance as requirements for subsidy payments to the poor. Mexico and Indonesia have different versions of programs to help the poorer sections of society. The problem is acute in India because of indifference induced by caste and other considerations and the high level of malnutrition for children. Rief says how good is ademographic dividend when many of these children are permanently and silently impaired by malnutrition by the age of three. India's Congress party leader, Sonia Gandhi, put it differently in parliament: "What is our responsibility to these people?"
Linked Articles
New York Times 10/11/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
The G-20 mandate that the IMF be the conduit for funds to help emerging countries, with the policy direction that an additional $850 billion be used not only to fix finances, but also emphasize social goals, and help people in these countries cope with the crisis. This is of great help to countries in difficulty, and assurance that the social fabric in these countries will not be torn apart as has happened before, and that people will get the necessary assistance.
Linked Articles
Steven Pearlstein - A Rare Triumph of Substance at the Summit
Washington Post 04/03/2009
Eastern Europe and the Financial CrisisWall Street Journal 03/28/2009
The limits to litigation risk for vaccines is one reason for the attractiveness and growing investment in the vaccines development. Its also what Pfizer hopes to develop with the Wyeth acquisition for $68 billion.
Linked Articles
Wall Street Journal 02/23/2009
Pfizer Agrees to Pay $68 Billion for Rival WyethNew York Times 01/26/2009
Kissinger created other conflicts with controversial positions on Chile, Cyprus, Vietnam and Indochina, and at the same time made the opening to China under Nixon in 1971. He was received by president Jinping in Beijing recently as one who had created a positive atmosphere of relations with China- in Kissinger's 100th year.
Linked Articles
Kissinger, Metternich, and Realism
The Atlantic 12/01/2023
Opinion | Henry Kissinger, the HypocriteNYTimes.com 12/01/2023
In a world of short run startups it is important to remember that our lives truly depend on the work done by scientists over decades. The stories of the scientists who developed the vaccine for malaria and the vaccine for mRNA technologies embedded in Pfizer vaccine.
Linked Articles
The Vaccine That Took 40 Years to Make - The Journal. - WSJ Podcasts
WSJ 10/17/2021
Their coronavirus vaccine candidate has made them billionaires. This modest German Turkish couple doesn’t own a car.Washington Post 10/17/2021
Dr. Fauci, NIH, HHS, lifted the ban on research and manipulation of virus in lab settings in 2018 The role played by the Cambridge Group of scientists who opposed lifting the ban on gain of function research for surveillance purposes. The US public and the public in the world in India, Europe, Asia, Africa and Latin America unaware of what was going on. The devastating effects of the coronavirus in 202 and 2021 and the lack of a vaccine in 2020, lack of a vaccine in sufficient quantities in 2021. The paltry benefits of surveillance compared to the great risks of something going wrong, as pointed out by the Cambridge Group. Why was it ignored in 2018. Who makes decisions for public health in the world. Can the US make decisions for India, the people in Africa, Latin America and Asia. Does even the US public know about it, much less the public in the world at large. What power is given by the US Constitution to US government agencies on matters of public health. How are a few individuals at HHS and NIH accountable to the public in the US and the world at large.
Linked Articles
Opinion | Anthony Fauci and the Wuhan Lab
WSJ 06/03/2021
Ban on gain-of-function studies endsThe Lancet Infectious Diseases 06/04/2021
Linked Articles
Whichever way Israel’s election goes, Gantz is finished
The Times 03/23/2021
Israel: Benjamin Netanyahu faces election decision day | DW | 22.03.2021DW.COM 03/22/2021
Linked Articles
How a Couple’s Quest to Cure Cancer Led to the West’s First Covid-19 Vaccine
WSJ 12/02/2020
Pfizer Gets $1.95 Billion to Produce Coronavirus Vaccine by Year’s EndNYTimes.com 07/22/2020
Linked Articles
India's Covid vaccine landscape: Here is a look at leading candidates
The Economic Times 07/22/2020
Can India really have a coronavirus vaccine ready by August? | DW | 08.07.2020DW.COM 07/08/2020
Linked Articles
As the Middle East Burns, the Saudis Ease Up at Home
Wall Street Journal 06/25/2014
Behind the Saudi-U.S. BreakupWall Street Journal 10/25/2013
Linked Articles
European Central Bank Head, Draghi, Has New Powers
New York Times 07/02/2012
Doubts Greet Plan for Euro Zone Bank RegulatorNew York Times 07/01/2012
Cochrane points to regulations and laws that support high prices of medical carein the U.S., by reducing competition and restricting supply of doctors and suppliers of medical care. He says the mandate most likely would not even be necessary under such a system because the costs of healthcare in the U.S. would be so much lower.
Linked Articles
What to Do on the Day After ObamaCare
Wall Street Journal 04/03/2012
Why an MRI costs $1,080 in America and $280 in France - The Washington PostWashington Post 03/05/2012
The high margins for Apple achieved through a combination of keeping costs low- even at the risk of providing poor wage and working conditions for the majority of employees employed in the retail stores in the U.S. and in supplier Foxconn plants in China- and by a grasp for innovation and technology. The paradox of a well deserved image for pioneering in technological innovation and the indifference to working conditions and prospects for employees who add value in manufacturing and customer interface. This model of growth is a recent development, put in place after 1997. In 1995-1997 Apple was nearing collapse under Michael Spindler and Gil Amelio, as documented by WSJ technology reporter Jim Carlton in his book- "Apple- The Inside Story of Intrigue, Egomania, and Business Blunders." Steve Jobs returned as CEO in 1997 and set the future course and this model in place emphasizing design, his ability to grasp technologies that would appeal to customers, and hired Tim Cook to set up the manufacturing which had high rate of defects and higher costs. The model was as full of paradoxes, of genius combined with mediocre behavioursas the man Steve Jobs. Tim Cook has responded to criticism in 2012 by having the Fair Labor association audit Foxconn plants in China. Foxconn increased wages in 2012, shifted plants to the interior of China, and increased use of robotics.
Linked Articles
Wall Street Journal 05/29/2010
Apple Stores Army, Long on Loyalty but Short on PayNew York Times 06/23/2012
The new G20 mandate for social help and stimulus spending makes official the new policy direction for the IMF. It and marks the end of old style conditions that worsened the living conditions of people in countries that accepted IMF help, and exacerbated crises. Which is why the very word IMF scares people in S.Korea and in Pakistan and in so many other places.
Linked Articles
Steven Pearlstein - A Rare Triumph of Substance at the Summit
Washington Post 04/03/2009
An Empowered IMF Faces Pivotal TestWall Street Journal 03/31/2009
Food expert Rieff cites figures showing child malnutrition at over 40% in India for children under the age of 5 in 2009. A World Food Program report says 230 million people in India are hungry each year. India's Food Security legilation has to be seen in this context. Rieff says India is in danger of losing its demographic dividend as a result of child malnutrition. All developing countries can learn from each other and their programs to reduce child malnutrition, improve health care and vaccinations, and introduce healthy food and sanitary practices. Programs are in place in Brazil, Mexico, Indonesia, India, and China.
Linked Articles
As Indian Growth Soars, Child Hunger Persists
New York Times 03/13/2009
India's Lower House Passes Food Bill to Help PoorWall Street Journal 08/26/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
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