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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.


WSJ Original article ›
LyrArc Article Gist
Other than president Milos Zeman and the UN people still call the Czech Republic, the Czech Republic. The alternative Czechia is not liked by Mr. Babis, the prime minister, and is not the chosen word in the U.S. and Europe. The old name was Czechosolvakia. In 1990 Solvakia became an independent nation, with the other country being the Czech Republic with the capital Prague.

The New York Times Original article ›
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Comey sends another letter to Congressional committees on Nov. 6, just 2 days before the election, saying that "based on our review we have not changed our conclusions that we expressed in July with respect to Secretary Clinton." Just 9 days prior to the election Comey had written to Congress that the FBI was looking into emails found on the computer of Mr Weiner, estranged husband of Clinton aide Abedin. By doing this Comey had inserted himself and the FBI into the election in a way that was not proper said leaders of both parties. The heavy criticism continued with Vice presidential candidate Kaine, president Obama and Secretary Clinton, seeing this as a blatant political move by Comey, who is a Republican. It is likely to remain a subject of criticism long after the election, say experts.

Washington Post Original article ›
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The American Israel Public Affairs Committee meeting at a large convention center and calls for military action against Iran. Milbank says the situation is reminiscent of Bush's statements about Iraq in 2003 before the invasion- that though Bush insisted that "war is my last choice," war was coming and was being planned. And he points out whatever doubts President Obama and his advisors may have about the effectiveness of a military strike in moving Iran away from nuclear weapons development, the U.S. President may be setting in motion developments leading to war.
New York Times Original article ›
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Abolhassan Bani-Sadr, shows clear thinking and agrasp of the situation in Iran, in this lucid and well written article in the Op-Ed pages of the New York Times. He says the four sources of legitimacy for the Iranian government, competence in managing the country's affairs, the official religious authority, committment to Iran's independence, and a stable base of social support, have all been irretrievably undone. He points out that the situation has been changing for some time even before the voterigging. Ayatollah Ali Sistani, the most prominent clergyman in Iraq, opposed the principle of velayat-e-faqih (rule of the clergy), and Ayatollah Ali Montazeri (Khomeini's would be successor) had argued that the doctrine of clergy's powers was a form of false god-making or proof of shirk. The economic rule of the bazaars and the large landholders also had moved away and no longer supported the government. Basically the rule now has come down to rule by a " military-financial mafia," says Bani-Sadr, who was the first President of Iran, after the 1979 revolution. He points out that the Revolutionary Guard now occupies the entire government -as the Revolutionary Guard is also part of economic enterprises its really the only group occupying the government- with the clergy conveniently endorsing this group. Bani-Sadr says the protest movement still needs time to spread throughout the country. At the same time he says this time the government's own cardres oppose Mr Ahamadinejad, and a deepening economic crisis is increasing discontent, indicating that the Iranian people may see this thing through over time....
The New York Times Original article ›
Washington Post Original article ›
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A downed Russian plane from the Sinai with 224 tourists from Sharm el-Sheikh as Russian president Putin increases involvement in Syria.
New York Times Original article ›
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John Mahama, president of Ghana describes his work in the African Youth Command, efforts to free Mandela, and a late night encounter.
Washington Post Original article ›
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George Will lists the shortcomings of Romney and Gingrich, as U.S. Republican presidential candidates in 2012. Gingrich is the worse candidate, says Will. Gingrich was paid $1.6 million by Freddie Mac, for services as "a historian." His response was to say "If you put people in jail," look at "the politicians who profited from" Washington's environment. He criticized government housing agency Freddie Mac for its role in the housing crisis, and at the same time profited as a lobbyist for Freddie. This shows his personal record and lack of conviction about the need for integrity in government officials. Conservatism, says Will, is about understanding that man does not fully understand the complexities of the world around him. It stands in opposition to man saying that he has grasped these complexities and assuming a hubrisitic attitude. Gingrich with his fervor for the latest idea, is the opposite of what conservatism stands for, says Will. Will sees Rick Perry and Jon Huntsman as better candidates than Romney or Gingrich. Presidential debates don't test what is needed to perform presidential duties and have become ridiculously important. Rick Perry's Texas record as two term governor, and his skepticism and distaste for Washington and Wall Street, give him assets that could prove to be vital for the job of president. Huntsman's positions on issues are closer to the conservative approach to government than Romney's. Will says it is important that Republicans don't give an Obama running as a Harry Truman did in 1948, against Congress, the one thing needed to win - someone who voters have a distaste for....
NYTimes.com Original article ›
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In his campaign announcement for 2024 Mike Pence says "the Republican party must always be the party of the Constitution of the United States." Pence former US Vice President says he chose the Constitution over Mr. Trump on January 6, 2020. The Constitution of the United States of America says "We the People..," no one individual has importance. The actual words are- "We the people of the United States, in order to form a more perfect union, to establish Justice, ensure domestic Tranquility, provide for the common Defense, promote the General Welfare and secure the Blessings of Liberty on Ourselves and our Posterity, do hereby ordain and establish the Constitution of the United States." Mike Pence showed he understood the sacrifices of the founders and soldiers who fought for the Union against the British Empire and what it means to "secure the Blessings of Liberty on Ourselves and our Posterity."

France 24 Original article ›
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Over 1 million people turn out across France in protests against pension reform that takes the retirement age from 62 to 64 years. Women feel more discriminated against in this reform. The prevalent age discrimination bias in France makes it harder to find jobs after 50 years, even harder after 60 years. There is a perception that the reform is not the first priority so soon after a pandemic with its after effects, and that other changes including age discrimination and the way it affects women need to be tackled before pension reform. The government lacks an overall majority, the eight unions are united in protests and possible strikes, creating a situation in which French president Macron needs to rethink his whole approach on addressing pension reform- when tacking the cost of living crisis and climate change, energy transition, are other priorities that need more attention at this time.

WSJ Original article ›
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This WSJ editorial says about the US Fed guaranteeing the 90% of uninsured deposits at Silicon Valley Bank to prevent systemic risk, that the 250,000 limit was set by Congress to protect average Americans not venture investors in Silicon Valley. Venture capital investors and startups in Silicon Valley put large amounts into the bank. It says the San Francisco Fed regulates Silicon Valley Bank and failed to perform its regulatory function. And adds that the idea of elevating San Francisco Fed president Mary Daly to the Federal Reserve Board of Governors now seems preposterous. Fed, Treasury, and the bankers all have to take the blame. The Guardian reports that the CEO of SVB lobbied to reduce the regulatory impact on his bank. By choosing higher returns from long term Treasury bonds and expanding too quickly this created the conditions for the collapse, and then rescue by the Fed and Treasury in the all to familiar pattern since 2008.

WSJ Original article ›
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This WSJ editorial cites French president Macron on the provisions in the Biden Inflation Reduction Act that favor Make in the USA and how it affects foreign automobile manufacturers. WSJ also says the actions taken by Japanese, Chinese, Canadian and German governments favor their domestic industries. For decades Make in the USA was neglected hurting American workers, American communities, and creating serious even dangerous (for democracy) social gaps in society. The Biden administration is following a Make in the USA policy that is now being followed by the EU and Germany of bringing supply chains closer or back to home ground after the pandemic showed the serious shortcomings of shipping American or European manufacturing overseas. After the hollowing out of Detroit over two decades Detroit now gets a chance to come back with the rebuilding of the car industry in the renewables age.

NYTimes.com Original article ›
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Arthritis drug Humira from Abbvie is shown in this NYT report as having made $114 billion from Humira using the US patent system to delay the introduction of competing products that would have lowered prices for Americans suffering from arthritis. NYT says the114 billion was made just since 2016 when competing products were coming to market. In 2022 this is ending as nine competitors including Pfizer come up with their competing products. In many ways the system of market competition does not operate in the way textbooks or free market advocates say. It is considered ok to engineer advantage within what is a supposedly a market competition system and to turn a blind eye to it. Is it acceptable when it comes to health products and when prices increase from the exorbitant to the outrageous. The Inflation Reduction Act of president Biden included efforts to prevent just such abuses of a market competition system to restore fairness after years of egregious behaviours.

Original article ›
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China's military drills around Taiwan have an unintended effect of creating a shift in American and European sentiment on the overconcentration of US and EU investment in China. Business in Germany and in the US has operated for a long time in the Merkel and Bush-Obama-Trump administrations a if this overconcentration which hurt workers and communities in both the EU and the US did not matter as long as the interests of the individual companies was met. Mr. Biden's policy takes an entirely different approach to protect American workers, rebuild American manufacturing, rebuild infrastructure, and to build America's leadership in the world. The military drills only increase the awareness in America of the risks and dangers of the positions taken by previous administrations. Shifting sentiment to back president Biden's strong steps to rebuild America and American leadership.

The Hindu Original article ›
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The trade agreement with Australia starts a process of taking India's exports far beyond the current figure of $400 billion and creating the jobs that come with it. It will double bilateral trade over 5 years to take it to $50 billion. This also shows the wisdom of India not joining the Comprehensive Economic Partnership pushed by president Obama.

The natural ties within the English speaking peoples and the common historical ties within the Commonwealth of Nations that include Australia, Canada, Britain, the Gulf Nations, and South East Asia provide a natural trade and economic region for India.  Next planned are trade agreements with Canada and Britain, and an effort to bring all the six nations in the Gulf Cooperation Council into and Economic Partnership with India, An agreement was also signed with the United Arab Emirates. Very important is a trade agreement with Germany and the European Union for close economic integration with Europe.

WSJ Original article ›
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Asbit faces months of protests in Hong Kong with no end in sight China decides to take the long view. Carrie Lam has said that China is playing the long game in Hong Kong as it has too much stake in world affairs and its trading relations. This is particularly true today with trade tensions with the U.S. and a wary Europe. 

The story is one of two cultures, with Hong Kong very different from the culture president Jinping and Mainlanders know. There is little space in between so being patient appears to be the best way. Jinping met Carrie Lam recently in China and says he trusts Carrie Lam, a civil servant in the British tradition, who is caught between the two conflicting cultures and wants to take a break from the chaotic situation in which she can rarely go out without meeting protesters.

WSJ Original article ›
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In this excellent report from the WSJ reporters talk to people in key counties in battleground states. Issues people see as important are covered to get a feel for how they think. The four topics on people's minds are-

1.  Business and the Economy

2.  Race and Policing

3. Climate

4. Agriculture and Trade

5. Coronavirus

President Trump has popular support for work on the economy, and in agriculture and trade. He faces criticism for the surge in the coronavirus cases during the second wave.

States selected for understanding people's views and thinking- In Pennsylvania, Philadelphia county. In Wisconsin, Sauk County. In Michigan Macomb and Wayne counties. In Florida Lee county. In Georgia, Peach county. In North Carolina, Watauga county. In Arizona, Maricopa county. Other states include Maine, Iowa, and Colorado.

WSJ Original article ›
LyrArc Article Gist
US president Biden announces a plan that makes it mandatory for all employers with more than 100 employees to require their workers to be vaccinated. The Labor Department's Occupational Safety and Health Administration will issue an emergency temporary standard for implementing the new rule. This will cover 80 million private sector employees. Businesses that fail to meet the standard will face fines of up to $14,000 per violation. Employers must also give workers paid time off to get vaccinated or recover from any side effects.

Federal government workers and contractors also must meet the new requirement or face regular testing. In all 100 million workers or two thirds of American workers will be covered. 

To meet testing needs the Biden administration is procuring $2 billion in rapid point of care and over the counter at home Covid tests, using the Defense Production Act for accelerated production.

Internet Archive- National Archive of the United States Original article ›
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On the occasion of Gandhi Jayanti here is the podcast of President Franklin Roosevelt's Secretary of State Cordell Hull's speech on July 23, 1942 that you can hear from the US National Archives.  Roosevelt in his letter of reply to Mohandas Gandhi's letter on July 1, 1942 one month before the launch of the Quit India Movement asking for help to achieve Hind Swaraj said- "I am enclosing a copy of an address of July 23 by the Secretary of State, made with my complete approval, which illustrates the attitude of this government.

Roosevelt wrote back to Gandhi that "I am sure that you will agree that the United States has consistently striven for an supported policies of fair dealing, of fair play, and of all related principles looking towards the creation of harmonious relations between nations."

DW.COM Original article ›
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On foreign policy the new German government of Olaf Scholz seeks to build a stronger European Union. Scholz will also follow a policy of close ties with the US. On relations with China Scholz has not stated much. Greens party foreign minister Baerbock's views and Scholz's views suggest a close relationship with the US - a call with president Biden will follow visits to Paris and Brussels. Scholz says "It is now clear what binds us together," referring to democratic values.

Video of all members of the new German cabinet is shown in DW.com, individually with each minister's background, part of the new government of SPD's Olaf Scholz. Wolfgang Schmidt is Chief of Staff and Minister for Special Affairs for Mr. Scholz. Vice Chancellor and Economy+ Climate minister is Robert Habeck. Education, Digital and Transportation Infrastructure, Finance, went to the FDP. Other ministries were divided between the Greens and the SPD. 

Washington Post Original article ›
LyrArc Article Gist
A labor shutdown that nearly shut down the US economy says the Washington Post is a result of policies set by the BSNF management for attendance on freight trains by engineers and other workers. It resulted in a tragedy. Hiles, 51, suffered a heart attack on June 16. He missed a doctor's appointment because he was called back to work. Not showing up could have invited penalties under strict attendance policies of BSNF, one of the largest rail carriers in the US. Aaron Hiles told his wife he felt different, then he made an appointment to see a doctor. On June 16 the locomotive engineer suffered a heart attack and died in an engine room on a BSNF freight train somewhere between Kansas City and Fort Madison, Iowa. President Biden has stepped in and arranged an agreement that includes time off when needed for medical reasons and a 24% increase in pay by 2024.

WSJ Original article ›
LyrArc Article Gist
President Biden and leaders in the EU, Japan, India and other countries helped negotiate the global minimum tax. Companies would have to pay a minimum tax of 15% in 140 jurisdictions so that tax base shifting could not happen. Yet the US will not get the benefit of these increased taxes to invest more into R&D, manufacturing, infrastructure and strengthen its economy because Republicans have not supported it in Congress. The OECD countries, major EU countries from the EU, Japan and South Korea will get an additional revenue of $192 billion in 2024 as a result of the Global Minimum Tax. Yet even here the GMT is making a difference as companies see not much difference in the different jurisdictions for tax rates the shift is for companies to setup in the US especially for American companies who had always had their base in the US till the tax shifting began.

NYTimes.com Original article ›
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Achievements of Elvira Nabiullina as central bank chief in Russia since 2013 are the reducing of US dollar reserves from 40% to 11%of $600 billion in Russian reserves shifting to hold most of its reserves in euros, gold or renminbi Chinese currency. She also implemented the alternative to SWIFT the global bank messaging system, and changed the payments infrastructure to process credit card transactions in the country so departure of Visa and Mastercard had minimal effect.

In this way this highly respected banker has protected Russia's economy from western sanctions, says NYT. She is trusted by president Putin and was adviser to Putin in 2012, minister of economic development before that when Putin was prime minister. When Russia suffered an economic crisis in 2014 as oil prices fell sharply and Saudis increased oil production, the ruble fell. Nabiullina increased rates to 17%, and the economy shrank till it stabilized with inflation down to 4% by 2017.

NYTimes.com Original article ›
LyrArc Article Gist
Chris Buckley of the NYT looks at selected speeches of president Xi of China to military officers during the first 5 years 2012 to 2017 but fails to look at the China Xi Jinping faced in these years. It was a period of change in China when it was not clear which direction China would take after the messy experiment with free markets under a socialist state controlled system led by the CCP. That period from 1990 onwards led to hypergrowth in China that modernized China yet shifted American and European manufacturing to China alienating working class communities in the western countries. It hurt China also through widespread contamination of air and water, and widespread corruption and decline of the CCP. The Bo Xilai demagogic effort to subvert the system from inside happened by 2012 endangering the system itself from the inside while it responded to the pressures created by the experiment with free market from corruption, regional inequality, and other problems. ...
WSJ Original article ›
LyrArc Article Gist
US economic growth was 2.4% in the second quarter of 2023. Even though the Fed increased rates at 10 consecutive meetings by 5% since March 2022 to tackle inflation the US economy appears strong. Large investments in the trillions of dollars in US manufacturing and infrastructure, tackling climate change is what is different this time compared to the past 2 decades when bad decisions were made with twin wars in the Arab and Muslim world, and the supply chain was transferred to China, investments were neglected in infrastructure, education and health in public goods, and capital markets allocated money with decreasing advantage to the economy. President Biden was in a unique position after the pandemic to take stock of all these mistakes and move the nation forward in positive directions in a decisive way in scale as well as in spirit and determination. That he has done so is more proof of the resilience of America.


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