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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
Ashwini Bhide was the head of the Metro Rail project in Mumbai and the first woman to be profiled by WSJ in this way - as a tireless worker for getting modern Rail with the latest technology to Mumbai after decades in which millions of Mumbai residents had to put up with old, dilapidated, incomplete rail subway services. It is work that meets the aspirations of Young India and which would make Mohandas Gandhi proud a century later. It shows that India can deliver on the kind of infrastructure needed for making project Make in India work.
Linked Articles
Newsmaker | Fadnavis ensures pet Metro project on track, puts Ashwini Bhide back in driver’s seat
The Indian Express 07/13/2022
‘You Have to Actually Cut Open Mumbai’s Belly’—Inside One of the World’s Most Audacious Transit ProjectsWSJ 05/08/2023
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
As far back as 2008 Intel's Andy Grove a patriotic founder of technology business in northern California saw the danger in the San Francisco region based Silicon Valley taking a disproportionate amount of America's resources in capital and technology and in return not creating jobs for the American people.
Linked Articles
How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner
The New York Times 12/29/2016
Andy Grove: How America Can Create JobsBusinessWeek 07/01/2010
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
Hong Kong Chief Executive Carrie Lam privately told business group she'd quit, if she could
NBC News 09/06/2019
Merkel renews call for peaceful resolution to Hong Kong protestsSouth China Morning Post 09/07/2019
The business dealings of Trump do not reveal the wisdom and financial best business practice that will be needed to get the middle and working class in the U.S. back on its feet, and to build the country's infrastructure and defense needs.
Linked Articles
Trump and His Debts: A Narrow Escape
Wall Street Journal 01/04/2016
Trump’s Empire: a Maze of Debts and Opaque TiesThe New York Times 08/20/2016
Stronger regulation takes shape through the efforts of Daniel Tarullo at the Federal Reserve and the LISSC. The situation with Goldman Sachs, one of the highly leveraged banks during the 2008 financial crisis still hoping to earn high profits with large trading activities.
Linked Articles
At Goldman Sachs, Stress Test Results Could Endanger an Important Profit Source
New York Times 03/08/2015
Goldman Sachs Not Sure It Can Sell Private-Equity StakesWSJ 08/04/2016
A series of bad moves by CEO Marissa Mayer leads to costcutting, layoffs and departure of mobile engineers to rivals Facebook and Google, depriving Yahoo of talent in the mobile business. The internet business is now up for sale with Verizon, Britain's Daily Mail bidding for it, and investor Starboard Value hedge fund pushing for the sale.
Linked Articles
Yahoo’s got millions of users, but it’s still in decline. What went wrong? - The Washington Post
Washington Post 04/20/2016
Yahoo’s Brain Drain Shows a Loss of Faith Inside the CompanyNew York Times 01/10/2016
Linked Articles
GM, Ford, Flourish Out of the Limelight
Wall Street Journal 07/29/2015
Ford Bets on Fancy PickupsWall Street Journal 07/29/2015
Carlos Tavares, CEO of Stellantis that brings together Fiat, Chrysler and Peugeot, as shown in a WSJ report, respects workers right to have a weekend free of email requests to recharge their batteries for the new week starting Mondays. Tavares sees great value in worklife balance, respect for dignity and health of workers. He believes this delivers productive work better than alternatives such as that under Sergio Marchionne the Fiat leader running Chrysler who worked constantly, with excessively long hours, unending travel and smoking incessantly say reports, that took its toll on health- setting a poor role model for managing business and for the younger generation. A similar situation is presented by Mr. Musk compared to Mr. Tavares. Striking is the respect for the dignity of workers that comes with respecting worklife balance. This was a major issue in this years UAW negotiations. Leaders from Scholz in Germany and Biden in US, Modi in India, have called for respect for dignity of work and workers as the kind of society we want to build and we want to live in. The founder of Silicon Valley Andy Grove who founded Intel that powers the chips on every laptop always reminded his readers this is the kind of society he wanted to live in.
Linked Articles
Elon Musk Says Donald Trump Should ‘Sail Into the Sunset’ in Latest Spat
WSJ 07/12/2022
WSJ News Exclusive | The Money and Drugs That Tie Elon Musk to Some Tesla DirectorsWSJ 02/04/2024
The highly detailed WSJ reports on events going back 20 years throw light on the failure of Merkel in Germany and Bush-Obama in the US to grasp the situation of Russia under Putin's nationalism and the miscalculations made by president Putin about the changing situation in Ukraine that had created a national identity. While Putin looked to history something different had emerged on the ground for the people of Ukraine that both German and Russian leaders failed to grasp as they continued to pursue economic integration. Business in Europe and the US had no clue what was happening, and how the situation was unraveling till the end. It is also leading to the unexpected effect of accelerating weaning western nations from fossil fuels, a goal of Glasgow's COP26 Climate Change Summit, the only constructive effect of the war.
Linked Articles
Vladimir Putin’s 20-Year March to War in Ukraine—and How the West Mishandled It
WSJ 04/01/2022
Russian Strategy in Ukraine Shifts After Setbacks, and a Lengthy War LoomsWSJ 04/01/2022
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
The Biden administration is seen as continuing the efforts of president Trump to pursue American interests in trade, technology, American workers and business to restore America's leadership role in the free world to what it was in the 1950's. Biden from Delaware is in the same tradition as president Harry Truman from Missouri in that period. Because of Biden's age this could be a one term presidency, and strange as it may sound it could be a presidency of Trump in foreign affairs and trade, technological leadership, without the rhetoric, and a socially cohesive presidency of Democrats in the tradition of Harry Truman. What then to make of all the fights of the Trump presidency? Much of this can be seen as an effort to break the status quo which did not benefit American workers.
Linked Articles
Biden’s Economic Team Charts a New Course for Globalization, With Trumpian Undertones
WSJ 12/01/2020
Trump touts record of ‘no new wars’, standing up to China in farewell addressFrance 24 01/21/2021
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
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
Business executives help moderate the campaign positions taken by Donald Trump during the first 100 days of his presidency, putting him closer to the traditional view on China, Mexico, NATO and Russia.
Linked Articles
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
Within Trump’s inner circle, a moderate voice captures the president’s earWashington Post 04/14/2017
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
Spain's economic recovery continues as businesses continue to invest following the inconclusive Dec. 2015 parliamentary elections.
Linked Articles
Spain’s Political Deadlock Dents Economic Rebound
Wall Street Journal 03/07/2016
Spain’s Political Deadlock Dents Economic ReboundWall Street Journal 03/07/2016
The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.
Linked Articles
Wall Street Journal 09/10/2015
Jeb Bush Tax Plan Makes Forays Into PopulismNew York Times 09/09/2015
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