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The laws passed in the US Congress to limit the regulation of US banks imposed after the 2009 crisis led to leaving a gap for midsized banks where there would be less regulation. The appointment of Randy Quarles to Fed Vice Chair Supervision by Mr. Trump in 2019 led to the new culture which took the attitude the less regulation the better 14 years after the 2009 banking crisis, and the collapse of several banks in 2023, endangering the US banking system when the US needs a huge capacity to invest in the nation.
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What this tells one is that GDP requires a new indicator which is Quality GDP which will mean that if you pollute rivers and air then real GDP as an economic concept is totally inadequate even useless, unless one subtracts from that economic GDP number the amount of investment it would take to clean up the rivers or the air. If regulatory agencies cannot control industries from polluting rivers, the case in China, then an additional number has to be subtracted from economic GDP called regulatory deficiency adjustment. The GDP numbers were gained through indiscriminately burning fossil fuels and this means climate change damage so that to be correctly stated China's GDP number would have to be offset by deducting the adjustment for trillions of dollars in climate change correction action. This would shrink the gap between India and China's GDP to where India may be in a position using advanced technology, renewable energy, regulation, and large foreign investment to close the gap with China in the next 10-15 years. China could also benefit because of the new approaches taken by India could be something to learn from as the two countries each have the population of the EU and the US+ Canada combined.
Linked Articles
In China, the water you drink is as dangerous as the air you breathe | Deng Tingting
The Guardian 06/02/2017
Jal Jeevan Mission achieves 60% of its target, says govtHindustan Times 04/05/2023
Three police officers hospitalized after a protest against coronavirus restrictions in Berlin and an outbreak in the Quiberon peninsula with 72 cases after beach parties, show the persistent problem in both Germany and France to get young people to adopt responsible behaviors.
Linked Articles
Coronavirus cluster in western France pits youth against authorities preaching caution
France 24 07/30/2020
Germany: 45 officers injured at Berlin rally against coronavirus curbs | DW | 02.08.2020DW.COM 08/02/2020
Linked Articles
https://www.hindustantimes.com/ 07/20/2018
The draft higher education Bill needs some tweakinghttps://www.hindustantimes.com/ 07/20/2018
Linked Articles
Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts
WSJ 03/01/2018
Tax Cuts Benefit the Ultra Rich, but Not the Merely RichThe New York Times 12/19/2017
Linked Articles
Corporate Tax Cut as Growth Elixir? Foreign Experience Suggests Caution
WSJ 05/01/2017
Opinion | Passing Through to CorruptionThe New York Times 12/18/2017
The unemployment rate in Janesville, Wisconsin drops to 4.4% in May 2016, according to the Bureau of Labor Statistics. It was over 9% following the closing of the GM plant and the recession from the 2008 financial crisis. A working class town Janesville was hit hard by the closing of the GM plant in 2008. Amy Goldstein of the Washington Post describes the impact of losing about 5000 jobs at the GM plant, and the problems typical of most manufacturing dependent towns. Throughout the period since being first elected to Congress in 1998 Ryan has continued to be able to get elected on the basis of faith, family and public service, even though some of his policies may not have helped the poor and elderly or laid off workers. Ryan voted for rescuing the auto industry and worked hard to keep the GM plant, and listens to his constituents, and as the economy recovered by 2016 won easily in this old industrial midwestern town. His influence in national politics gives Janesville an opportunity to be heard, as it tackles problems common to many midwestern towns in the U.S.
Linked Articles
Could Paul Ryan’s ideas help his struggling home town? - The Washington Post
Washington Post 08/19/2012
Paul Ryan beats outsider 'mini-Donald Trump' challenger in Wisconsin primaryThe Guardian 08/10/2016
Linked Articles
How the G.O.P. Elite Lost Its Voters to Donald Trump
New York Times 03/28/2016
This one anecdote perfectly explains how Donald Trump is hijacking the GOP - The Washington PostWashington Post 03/28/2016
Linked Articles
The Obama era has damaged liberalism - The Washington Post
Washington Post 01/13/2016
A voice in the wildernessEconomist 01/19/2016
Australia's minimum wage is 54% of the median wage, compared to 38% for the U.S., according to the OECD. Australia's wage setting body sets the minimum wage for workers over 20 years of age, and takes into account the median wage in the interest of fairness. Workers with families to support need the Australian minimum wage of 16.87 Australian dollars ($13 U.S.). All of this money goes into consumer spending providing an immediate boost to the economy.
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Australia Weighs Whether Its Minimum Wage Is Too High
Wall Street Journal 01/26/2015
States’ Minimum Wages Rise, Helping Millions of WorkersNew York Times 12/31/2014
Projects are exceeding estimates and costs tripling or quadrupling in some cases. The search for solutions includes building processing plants for LNG on ships to eliminate the cost of building pipelines.
Linked Articles
Shell Plans Boat to Tap Gas Fields
Wall Street Journal 01/29/2014
Big Oil Companies Struggle to Justify Soaring Project CostsWall Street Journal 01/29/2014
The economic patterns that are causing the middle class to shrink over two decades remain stubbornly in place, and the factors that have compounded this in recent years also remain unaddressed.
Linked Articles
Obama, in State of the Union, makes case that middle class is job one - The Washington Post
Washington Post 02/13/2013
Growth isn’t enough to help the middle class - The Washington PostWashington Post 02/14/2013
U.S. Associate Attorney General Dillery, the governments top negotiator in a $1.5 billion settlement in Jan 2015, says never has the Justice Department produced 290 million documents in discovery in Justice Department history.This is how many documents were produced in this case which he said showed S&P in serious breach of duty, which affected the U.S. financial system leading to many adverse consequences.
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S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows HumorNew York Times 02/05/2013
India's Supreme Court rejects a petition by 14 political parties that asked for politicians to have immunity from prosecution. Or that there should be no cases filed against them because there are certain statistics related to the leaders. The court ruled that it cannot lay down law in the abstract. Specific cases need to be filed and the Court would rule in that specific case. The Supreme Court said -"Ultimately a politician is also a citizen, and as a citizen he or she is amenable to the same law."
Linked Articles
The Times of India 04/06/2023
Don’t let attacks deter you, Modi advises CBIHindustan Times 04/04/2023
The damage to democratic norms and practices for the second oldest democracy in the world after Britain is the larger issue in this defamation case.
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Fox News Suffers Major Setback in Defamation Case
NYTimes.com 04/01/2023
Fox News Defamation Case Cleared for TrialWSJ 03/31/2023
Past experience with pandemics- most recently the Nipah virus in 2018 -helped the Indian state of Kerala set a unique state of preparedness of both the health ministry and the people in control of spread of coronavirus. Hardship is also a great teacher of solidarity- only recently in 2019 Kerala had the worst floods in a century from a cyclone that hit the coast of Kerala in southwestern India. It did not take long for people to take preventive action starting at the end of January when the first cases were being seen in Wuhan, China, led by Health minister Ms. Shailaja. She personally visited a region quarantined in the state to guide the effort.
Linked Articles
The coronavirus slayer! How Kerala's rock star health minister helped save it from Covid-19
The Guardian 05/14/2020
Coronavirus lockdown: Is India flattening the COVID-19 curve? | DW | 24.04.2020DW.COM 04/24/2020
Linked Articles
Donald Trump is causing change in the Democratic Party too
The Economist 07/20/2018
America’s Factory Towns, Once Solidly Blue, Are Now a GOP HavenWSJ 07/19/2018
Linked Articles
Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts
WSJ 03/01/2018
Corporate Tax Cut as Growth Elixir? Foreign Experience Suggests CautionWSJ 05/01/2017
Linked Articles
After the attack: Tangle of bureaucracy, not failure of government | Germany | DW.COM | 22.12.2016
DW.COM 12/22/2016
Opinion: Germany's security services deserve more credit | Germany | DW.COM | 22.12.2016DW.COM 12/22/2016
How the middle aged white Americans 45-54 are faring in the current environment with fewer opportunities and greater vulnerabilities in health, education incomes, savings, quality of life, mortality, upward mobility, for this group. Tragically this means their children and the next generation is also affected in the way fewer opportunities are available in the future. The situation is unique to America with weaker social protection than Europe, and to Britain because of years of austerity. There are no quick fixes with easy slogans, and requires first a national awareness, national consensus, and may require the better part of a generation to solve and restore the hope and promise of Jefferson in making the "inalienable rights of life, liberty, and the pursuit of happiness" available to all.
Linked Articles
Rising Death Rates for Middle-Aged White Americans Are Forcing a Policy Rethink
WSJ 06/30/2016
The U.S. Now Ranks 19th in ‘Social Progress,’ With Finland and Canada Topping the ListWSJ 06/30/2016
Linked Articles
Anxiety Fuels Donald Trump’s Supporters
Wall Street Journal 01/27/2016
What His Believers See in Donald TrumpWall Street Journal 03/09/2016
Experts point to the economic anxieties of the white working class in America, a broad group that has increasingly fallen behind as technology advances in the 21st century with globalization and mobile capital, causing serious social fissures in society. One of the dangers is to the ideas of liberal society itself with the rise of cultural illiberalism, such as that presented by the Trump candidacy for president in 2016, and Marie Le Pen's National Front in France, as liberal elites in centre right and centre left lose their hold on working class voters.
Linked Articles
The Bleak Reality Driving Trump’s Rise
Wall Street Journal 12/16/2015
The missing working class - The Washington PostWashington Post 11/12/2015
Linked Articles
Juncker scandal prompts sniping at European Commission election system - The Washington Post
Washington Post 11/14/2014
Jean-Claude Juncker, Quietly in Eye of E.U. StormNew York Times 06/26/2014
Linked Articles
New York Times 12/01/2013
The Minimum Wage, Employment and Income DistributionNew York Times 03/02/2013
Linked Articles
Obama’s Legacy: Trump and Bernie
Wall Street Journal 01/13/2016
Obama, in State of the Union, makes case that middle class is job one - The Washington PostWashington Post 02/13/2013
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