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ESG or environmental social governance seemed to be telling people they were inadequate and telling them what they needed to do. Now Larry Fink of Black Rock sticks to Transition Investing. The dangers of climate change are everywhere and well known. The transition was needed, and how to make it happen, how to make the transition with the right investments, how to prepare for the future- this is Transition Investing.
Linked Articles
Step Aside, ESG. BlackRock Is Doing ‘Transition Investing’ Now.
WSJ 03/03/2024
WSJ News Exclusive | The Investment Firm That Keeps Raising Giant Climate FundsWSJ 02/05/2024
LI Keqiang was able to pass entrance exams to Peking University in 1977 after entrance exams were reinstated following Mao's death. He led the modernization of China during the 2000-2022 period two decades of fast growth turning China into a middle income industrialized country after centuries of decline. During this period China urbanized at a rapid rate and Li's advanced studies focused on urbanization. It was also a period when China realized the damage done to the environment and quality of air, water, with haphazard growth, and shifted to climate change action through focus on solar energy and limiting use of coal.
Linked Articles
China Mourns Former Premier Whose Death Hovers Over Xi Jinping
WSJ 11/02/2023
Next Premier Came of Age in Era of OpennessWall Street Journal 11/16/2012
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.
Linked Articles
The indictment by a grand jury of Donald Trump in March 2023, with other investigations underway in other places.
Linked Articles
How Alvin Bragg Resurrected the Case Against Donald Trump
NYTimes.com 04/01/2023
Donald Trump Indictment Sets Historical MarkerWSJ 03/31/2023
Cost of living and Le Pen's ties to Russia emerge as key issues in the debate. Macron appears to be the more convincing in his grasp of facts and claity of thinking, with a Elabe snap poll showing 59% think Macron more convincing to 39% Le Pen. France's welfare state in a way that the US and Britain are less so, means that other solutions are needed for cost of living and the decaying small towns and rural areas. A next generation industrial revolution is needed to bring jobs home and closer to home to revive both France and Europe after decades of shifting jobs and industry to China. Needed only is the will and aspiration to do so.
Linked Articles
Macron and Le Pen clash on Russia in feisty debate ahead of presidential run-off
France 24 04/21/2022
France’s Macron and Le Pen Clash During Presidential DebateWSJ 04/20/2022
Linked Articles
Has the Paris climate agreement lived up to the hype? | DW | 11.12.2020
DW.COM 12/11/2020
Beyond the Paris pact | HT EditorialHindustan Times 12/11/2020
The contrast could not be greater between the World Health Organization today and the WHO under Dr. Gro Harlem Brundtland, a three time prime minister of Norway between 1981 and 1996 with great experience and a record of handling difficult issues of climate change and sustainable development.
Linked Articles
A Failed Deception: The Early Days of the Coronavirus Outbreak in Wuhan - DER SPIEGEL
SPIEGEL ONLINE 05/20/2020
‘The only way forward for WHO is...’: Full text of Trump’s letter to WHO chiefHindustan Times 05/19/2020
Linked Articles
Trump’s Budget Seeks Cuts to Taxes, Safety-Net Programs
WSJ 05/23/2017
Trump proposes dramatic changes to federal government, slashing safety net programs that affect up to a fifth of AmericansWashington Post 05/23/2017
The views expressed at the Women20 Summit at the G-20 summit in Berlin reflect the views of women leaders including Angela Merkel. Problems women in the U.S. are facing are covered here by Fed chairwoman Janet Yellen. For the first time leaders of the stature of Merkel and Yellen are talking about these issues openly to drive the debate and clear the path for women.
Linked Articles
The real issues at Women20 | Business | DW.COM | 26.04.2017
DW.COM 04/26/2017
To Lift Growth, Janet Yellen Says, Make It Easier for Women to WorkThe New York Times 05/05/2017
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
A new leader of the Labor Party in Britain proposes a National Investment Bank. Some of the funding would come from an estimated 20 billion pounds of tax debt, 20 billion pounds in tax evasion, and 80 billion pounds in tax avoidance, according to experts in the Labor Party. Corbyn says he would reverse the introduction of fees for university education by previous Labor governments and has publicly apologized for the fees. The fees plan would cost about 7.1 billion pounds and be paid for by a 2.5% increase in the corporate tax, slower deficit reduction or increase in the insurance tax, says Corbyn. Germany continues to provide free university education.
Linked Articles
Leftist Jeremy Corbyn elected leader of Britain’s Labour Party - The Washington Post
Washington Post 09/12/2015
Jeremy Corbyn, Unlikely Front-Runner for Labour Leader, Poised to Win Party VoteNew York Times 09/11/2015
Linked Articles
Consumer Anxiety in China Undermines Government’s Economic Plans
New York Times 08/28/2015
Zombie Factories Stalk the Sputtering Chinese EconomyNew York Times 08/28/2015
China's currency appreciated 9.2% against the euro and 57% against the Japanese yen with its soft peg to the dollar in 2013-2015. The 8.3% decline in China's exports for July 2015 over the prior year led to the policy action to devalue the Chinese currency, the yuan on August 11, 2015.
Linked Articles
China is trying to save its economy with a cheaper currency - The Washington Post
Washington Post 08/12/2015
China’s Devaluation GambitWall Street Journal 08/12/2015
It was in this period that many of the problems that we face today were created through policies of low interest rates, deregulation and financial market speculation leading to the financial crisis of 2008. At the beginning of the Reagan administration in 1980 China was still a country of bicycles and largely rural, by 2009 it had transformed itself into the largest manufacturing nation in the world and continued to 2023. In the US financial deregulation and lack of health care for all allowed financial interests to become the dominant force in the economy in a speculative way , and defunded manufacturing, infrastructure and public services. The work of FDR, Truman Eisenhower and Kennedy unraveled, Clinton, Obama and Trump continued that decline.
Linked Articles
Puerto Rico Was Supposed to Be John Paulson’s Paradise. Then Came the Lawsuits.
WSJ 11/16/2023
Trader Made Billions on SubprimeWSJ Jan 15 2008 01/15/2008
The floods in Germany and Europe, the severe drought in parts of Spain and Italy are seen as signs climate change is here. At one southernmost point in Sicily the temperature recently reached about 49 degrees centigrade the highest ever in Europe.
Linked Articles
Italy’s disasters suggest the climate crisis is at the gates of Europe
The Guardian 05/18/2023
Scores dead, hundreds missing after massive floods in Germany, BelgiumFrance 24 07/16/2021
Russia faces a difficult situation ahead for its economy. Ukraine has survived the most difficult period with EU assistance and American support.
Linked Articles
Russia’s Economy Is Starting to Come Undone
WSJ 03/28/2023
Thwarting Vladimir Putin: The Ukrainian Economy Just Keeps On Going - DER SPIEGELSPIEGEL ONLINE 04/07/2023
A smaller pool of savings and build up of debt during the pandemic limit the extent of China's economic recovery. The trillions of dollars of local government debt and the slowdown in the construction sector act as barriers to growth in China.
Linked Articles
Covid-Era Savings Are Crucial to China’s Economic Recovery
WSJ 02/26/2023
China’s Cities Struggle Under Trillions of Dollars of DebtWSJ 03/06/2023
This is one of the amazing links in Lyrarc because it shows WSJ article from 2007 noted by Lyrarc that year, showing UN maps on deforestation in Borneo island in Indonesia for 2000, 2005, 2020. By 2020 most of the rainforest is shown as gone. Deforestation and climate ecologist Clare Rewcastle Brown, sister in law of former British prime minister Gordon Brown, from Britain, recalls colonial days in Sarawak, north Borneo Island, where her father was a police officer. And how much of the canopy of forest from that part of Malaysia was disappearing. She continued her protests from outside Malaysia in 2013 as reported by NYT and noted in Lyrarc that year. This is an amazing story of how deforestation of some of the last rain forests in the world took place at a time when awareness of climate change was sorely lacking in 2007-2013, and how by 2020 the rain forests in Borneo may have already disappeared from planet earth to combat climate change. One woman's fight and a fight that is still on after world leaders took a pledge to end deforestation on the planet by 2030 including Russia, Brazil, Indonesia, China, and the US, and a UN report that had the foresight to show a rainforest disappearing in 2007 in Tom Wright's WSJ report from Surabaya, Indonesia the same year.
Linked Articles
WSJ 07/03/2007
Barred From Malaysia, but Still Connecting With Critical JabsNew York Times 08/16/2013
Linked Articles
Hindustan Times 12/11/2020
‘He embodies the new India’: Greg Chappell names most important player ‘in the context of world cricket’Hindustan Times 12/11/2020
Linked Articles
Secret Recordings Describe Extensive Bribery at Mexico’s Pemex
WSJ 10/11/2019
Mexican Investigators File Corruption Charges Against Pemex Ex-CEOWSJ 05/28/2019
Linked Articles
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
In Downgraded China, Echoes of Japan’s Boom and BustWSJ 05/24/2017
Developing and developed countries alike have seen the cost of the Olympics as a huge burden. Many countries or cities that committed to hosting the Olympic games during boom years were facing economic hard times by the time of the games. Corruption and mismanagement of public funds, overspending and cost overruns added to the problems. Citizens uproar caused cities such as Boston and Oslo to withdraw bids for the Olympics. The Olympics appears to be a costly way to show off a country, and raises questions about better allocation of funds in other directions, especially when upward mobility is a problem for the middle and working class, countries have other infrastructure needs, and neglected basic needs in education, healthcare, public services.
Linked Articles
The 40-year hangover: how the 1976 Olympics nearly broke Montreal
The Guardian 07/06/2016
Rio Games Highlight Problems With the Olympic ModelThe New York Times 08/23/2016
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
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
Linked Articles
Wall Street Journal 08/13/2015
What the United States Owes Puerto RicoWall Street Journal 08/14/2015
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