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Finance and Capital Markets Groups


The week Kamala Harris became the 2024 Democratic nominee in 48 hours

07/25/2024

The two tumultuous weeks in July 2024 started with a sniper shooting at the former president, followed by the Republican Convention within days. The president's address calling for calm, Trump's 90 RNC address which rambled to veer off course. Second thoughts about Trump and Biden's age and calls by Democrats for Biden to withdraw after the faltering delivery in the debate. Biden has Covid and isolates for a few days. On July 22 around 1.45 pm Biden puts out a letter on X (Twitter) that he is withdrawing and giving his full support to Kamala. Within hours Harris has overwhelming support. The next day morning Harris has secured the delegates needed. By the 24th in 48 hours she has raised $250 million for the campaign and about 100,000 volunteers. A dizzying pace for 48 hours that riveted the attention of the American people and the world.

Grouped Articles

With Speech to Teachers, Harris Waded into a Fiery Education Debate

NYTimes.com 07/25/2024

Kamala Harris: A woman of firsts – DW – 07/23/2024

dw.com 07/25/2024

‘Capable’ Harris and Biden’s legacy: key takeaways from the president’s address

The Guardian 07/25/2024

Biden Says He Will ‘Pass the Torch’ to Harris in Oval Office Address After Ending Campaign

WSJ 07/24/2024

Opinion | Kamala Harris Confounds the Republicans

WSJ 07/24/2024

President Biden Addresses the Nation

YouTube 07/25/2024

China and the World Face a Double Blow from decades of housing construction enabled hyper growth- creating problems of climate change for the World and a slump in growth in 2023

10/16/2023

Decades of growth at 12-14% have left China and the World worse off. As Greg Ip pointed out in WSJ America could not cope with this hyper growth in a country many times the size of Japan after absorbing the growth of Japan in the sixties. The result was the closing down of factories and ever increasing imports from China until America had transferred its manufacturing prowess to China. This led to the societal breakdown in the US with communities dependent on factories across the US feeling the brunt. The other effects were an unprecedented in scale use of coal and fossil fuels to fuel hyper growth rates in China that created the problems of World Climate Change by 2023 and contamination of water, land and air inside China. By 2030 China will be aging rapidly similar to Japan today and the slowing economy in 2024 onwards could mean China will be stuck in the Middle Income category. All this poses lessons for America, for Europe, India and the World on what kind of growth is healthy and what kind is not, what is sustainable growth and what is not,what works well for the planet and what does not.

Grouped Articles

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

NYTimes.com 10/16/2023

An Even Bigger Housing Crisis Threatens China’s Economy

WSJ 09/18/2023

Is China’s Economic Predicament as Bad as Japan’s? It Could Be Worse

WSJ 09/19/2023

China’s Economy Remains Shaky After Challenging Summer

WSJ 10/13/2023

China and the World Face a Double Blow from decades of housing construction enabled hyper growth- creating problems of climate change for the World and a slump in growth in 2023

10/16/2023

Decades of growth at 12-14% have left China and the World worse off. As Greg Ip pointed out in WSJ America could not cope with this hyper growth in a country many times the size of Japan after absorbing the growth of Japan in the sixties. The result was the closing down of factories and ever increasing imports from China until America had transferred its manufacturing prowess to China. This led to the societal breakdown in the US with communities dependent on factories across the US feeling the brunt. The other effects were an unprecedented in scale use of coal and fossil fuels to fuel hyper growth rates in China that created the problems of World Climate Change by 2023 and contamination of water, land and air inside China. By 2030 China will be aging rapidly similar to Japan today and the slowing economy in 2024 onwards could mean China will be stuck in the Middle Income category. All this poses lessons for America, for Europe, India and the World on what kind of growth is healthy and what kind is not, what is sustainable growth and what is not,what works well for the planet and what does not.

Grouped Articles

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

NYTimes.com 10/16/2023

An Even Bigger Housing Crisis Threatens China’s Economy

WSJ 09/18/2023

Is China’s Economic Predicament as Bad as Japan’s? It Could Be Worse

WSJ 09/19/2023

China’s Economy Remains Shaky After Challenging Summer

WSJ 10/13/2023

The World Bank and Africa, Global South- $100 billion expansion and new vision supported by Modi and Biden

10/14/2023

Prime Minister Modi and president Biden put forward a new vision for the World Bank at the G20 meetings in New Delhi, India. This means the World Bank will expansion of funding of $100 billion and new task of development in poor counties of the Global South in Africa, Latin America and Asia.

Grouped Articles

A Bigger World Bank Takes on China’s Clout

WSJ 10/13/2023

Opinion | Humanity Is Facing a Great Injustice. The World Bank Must Respond.

NYTimes.com 10/09/2023

WSJ News Exclusive | India’s Modi Sees Unprecedented Trust With U.S., Touts New Delhi’s Leadership Role

WSJ 06/22/2023

Economist Adriana Kugler in Her Own Words

WSJ 05/12/2023

World Bank President Malpass announces resignation – DW – 02/16/2023

dw.com 02/16/2023

How Biden is tackling the Debt Ceiling to keep much needed spending on workers and families in America

05/19/2023

The debt ceiling standoff with a small faction in the Republican party calling for cuts in spending where it is needed for workers and families in America. In the US system even though spending is approved a debt ceiling can be passed that limits overall spending requiring another approval if the ceiling is exceeded for approved spending. In the past this was negotiated. Today this faction in the Republican party is calling for large cuts in the very areas that were neglected in the past and which urgently need funding leading to Biden's response. Infrastructure, renewable energy, education, healthcare, public services, workers and families were neglected and now need strong backing.

Grouped Articles

Democrats Launch Discharge Petition, Aiming to Force Debt-Ceiling Vote

WSJ 05/17/2023

Opinion | How Biden Blew It on the Debt Ceiling

NYTimes.com 05/17/2023

Opinion | A Few Ways Out of the Debt Ceiling Mess

NYTimes.com 05/09/2023

Biden Woos Republican Moderates in Debt Ceiling Standoff

NYTimes.com 05/11/2023

Opinion | Are Republicans Willing to Raise the Debt Ceiling?

NYTimes.com 05/09/2023

Is the Debt Limit Constitutional? Biden Aides Are Debating It.

NYTimes.com 05/03/2023

Expanding Indian ties to the European Union in manufacturing, trade and advanced technologies

03/07/2023

Italy signs a strategic partnership agreement with India. President Scholz of Germany visits India with a business delegation. Siemens plans railway modernization manufacturing plants in India. New aviation sector is being built with French and US assistance and a huge order from Air India. Denmark's Maersk and other Danish companies help build the port logistics in India after a business and trade agreement with Denmark. The European Union joins the US in building a new supply chain based in India to replace one that caused inflation and bottlenecks, and was seen as a security risk with concentration of the supply chain in one country.

Grouped Articles

India, Italy elevate ties to strategic partnership, sign MoU on defence cooperation

The Hindu 03/02/2023

Germany's Scholz in India: What's at stake? – DW – 02/25/2023

dw.com 02/28/2023

On India visit, German Chancellor Olaf Scholz drinks tea at a street corner in Delhi

The Hindu 02/27/2023

Siemens partners with India on railway modernization – DW – 02/27/2023

dw.com 02/27/2023

We understand India’s economic constraints on Russian sanctions, oil price cap: German Foreign Minister Baerbock

The Hindu 12/04/2022

A Nordic-India connect to power a green transition

The Hindu 02/08/2023

Unintended consequences of China's years of hyper growth- climate change and sharply slowing growth

07/31/2022

China's overdependence on the property sector and foreign investment in offshoring factories from home countries to China had unintended effects. The property sector led growth has led to sudden collapse with local governments finances strained by $900 billion according to WSJ and loss of buyer confidence. The effects on communities in the US and EU of shifting local factories to China is well known having alienated the US and EU public, and permanently damaging friendly relations leading to its reversal and shift back to home countries. Years of unbridled hyper growth has not done well for China with the consequences seen today. At the start of this experiment China embarked on in 1990 China had little experience with market economy. The self interested advice of American investment banks and business and the zeal of local government officials led to hyper growth. The US and EU countries could not cope with the scale of China's hyper growth and shift of factories overseas as they had done with Japan in the sixties and seventies because of the sheer scale and compression in a short period for China. The result is sharply slowing growth in China and loss of faith on both sides. It did not have to happen this way and shows the unintended consequences of letting capitalism go its own way with interested parties acting excessively and governments not acting where prudence is needed. The burning of coal in unlimited quantities created the problems of climate change the world faces today- a double blow for the world and for China with lessons for today and how we think about his in future.

Grouped Articles

China’s Manufacturing Sector Unexpectedly Contracts Amid Weak Demand, Covid Lockdowns

WSJ 07/31/2022

China’s Economy Tested by Strained City Finances

WSJ 07/31/2022

China Home Sales Plunge in July, as Mortgage Revolt Deters Buyers

WSJ 07/31/2022

China property sales could plunge by one-third, analysts say, as crisis deepens

The Guardian 07/26/2022

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

NYTimes.com 10/16/2023

Unintended consequences of China's years of hyper growth- climate change and sharply slowing growth

07/31/2022

China's overdependence on the property sector and foreign investment in offshoring factories from home countries to China had unintended effects. The property sector led growth has led to sudden collapse with local governments finances strained by $900 billion according to WSJ and loss of buyer confidence. The effects on communities in the US and EU of shifting local factories to China is well known having alienated the US and EU public, and permanently damaging friendly relations leading to its reversal and shift back to home countries. Years of unbridled hyper growth has not done well for China with the consequences seen today. At the start of this experiment China embarked on in 1990 China had little experience with market economy. The self interested advice of American investment banks and business and the zeal of local government officials led to hyper growth. The US and EU countries could not cope with the scale of China's hyper growth and shift of factories overseas as they had done with Japan in the sixties and seventies because of the sheer scale and compression in a short period for China. The result is sharply slowing growth in China and loss of faith on both sides. It did not have to happen this way and shows the unintended consequences of letting capitalism go its own way with interested parties acting excessively and governments not acting where prudence is needed. The burning of coal in unlimited quantities created the problems of climate change the world faces today- a double blow for the world and for China with lessons for today and how we think about his in future.

Grouped Articles

China’s Manufacturing Sector Unexpectedly Contracts Amid Weak Demand, Covid Lockdowns

WSJ 07/31/2022

China’s Economy Tested by Strained City Finances

WSJ 07/31/2022

China Home Sales Plunge in July, as Mortgage Revolt Deters Buyers

WSJ 07/31/2022

China property sales could plunge by one-third, analysts say, as crisis deepens

The Guardian 07/26/2022

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

NYTimes.com 10/16/2023

Escaping the algorithm based social media platforms TikTok, Facebook and others

12/29/2021

If and how it is possible to escape the algorithm based social media platforms TikTok, Facebook and others, harmful for girls and the young, and to mental health, diversity, and education that leads to upward mobility, is the subject of a WSJ series in 2021.

Grouped Articles

The TikTok Spiral, Part 1: Descent - Tech News Briefing - WSJ Podcasts

WSJ 12/27/2021

The TikTok Spiral, Part 3: Escape the Algorithm - Tech News Briefing - WSJ Podcasts

WSJ 12/29/2021

‘The Corpse Bride Diet’: How TikTok Inundates Teens With Eating-Disorder Videos

WSJ 12/17/2021

Teens Are Developing Tics. Doctors Say TikTok May Be A Factor. - The Journal. - WSJ Podcasts

WSJ 11/08/2021

Facebook Faces Official Questions in India Over Policing of Hate Speech

WSJ 10/28/2021

Facebook Whistleblower’s Testimony Builds Momentum for Tougher Tech Laws

WSJ 10/05/2021


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