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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.


The Wall Street Journal Original article ›
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Redford's "Downhill Racer" and the Sundance Film Festival's origins for low budget films that can be produced by independent producers. Redford learned from his experience in this early film and set about setting up a new location for struggling filmmakers to experiment in filmmaking at Park City, Utah. This was a period in which Redford bought land in Utah's mountains away from the Los Angeles and Santa Monica of his childhood days. With more of the city going into concrete and less green space Redford felt he could not relate to this sprawling city of highways and congested living.

BBC News Original article ›
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A law that is in the Must Have category for Parents, School teachers and Educated Children in the US, Canada, Britain and India, finally gets passed in Australia. Of huge benefit to Australian Parents and School Teachers- after December 10 2025 social media Meta Tik Tok and You Tube are required to remove all under 16 accounts. Chinese children and school teachers, parents have the benefit of such laws regulating the use of social media which in the current climate of license, of leaving childrens, parents and school teachers to fend for themselves, leaving young girls to fend for themselves, has not happened in other nations.

The Wall Street Journal Original article ›
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Iran's financial collapse cause- Shutting down of Ayandeh Bank with $5 billion in bad loans and printing of money to cover bad loans by Iran's central bank. A lending mechanism was started by the central bank to give loans to well connected private banks that serve a small sliver of the population without collateral. This money was wasted and loans turned into bad loans which the central bank covered by printing more money. The result inflation of over 40%. 

The protests reflect financial distress, and deep discontent among ordinary people.as the money has gone to a well connected elite. 

NYTimes.com Original article ›
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Debt markets and Analysts fear too much building of data centers will lead to construction taking more time for the AI data centers to come online, and by that time they fear aglut of data center capacity leading to losses. One AI data center company is asked to pay 3.75% more in interest rates, 70% more for loans. Other reports suggest caution because of the circular nature of data center investments where the same companies are coming up again and again in complex transactions and lack of transparency. Oracle took losses on it's stock price for its financial dealings.

WSJ Original article ›
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Scientists say the drought in the western region of the US is the worst in hundreds of years. At Lake Mead the reservoir is only 28% full. The other reservoirs on the Colorado river are in similar shape. Lake Mead is a reservoir from the Hoover Dam on the Colorado River and stretches for 120 miles in the states of Arizona and Nevada. It is the largest reservoir in the US and the water depletion in this and other reservoirs all the way into Oregon is affecting agriculture in the western US and the access to water for cities in the region. 

The Guardian Original article ›
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The Ukraine war is heading in the direction of a wider war, says Antonio Guterres, secretary general of the United Nations. "I fear that the world is not sleepwalking into a wider war, it is doing so with its eyes wide open." On the lack of strategic vision and near term thinking focused on gaining that slight advantage in the near term, and the actions of global finance, he said it was deeply irresponsible and immoral. He says a "radical transformation" is needed, as without it one side will pile up wealth and the other left on the wayside with crumbs. 

WSJ Original article ›
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The US central bank, the Fed, signals smaller rate increases in the future after another rate increase of 0.75% in November 2022. "It is very premature to be thinking of pausing. We have a ways to go," says Fed chairman Jerome Powell. He added that - "the question of when to moderate the pace of rate  increases is now less important than the question of how high to raise interest rates and how long to keep monetary policy restrictive." The move raises rates in the US to between 3.75% and 4.0%. Rates could go up to 5% in 2023.

The Guardian Original article ›
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Changes proposed by Labour's Gordon Brown and Keir Starmer of Labour for the UK now strive for-

"The goal of an irreversible transfer of wealth, income and opportunity to working families across the UK is dependent on the irreversible transfer of political power closer to the people, the two go together."

"This Commission is demanding a new economic and political settlement to ditch a century of centralization, the over concentration of power in Westminster, and call time on the era of "the man in Whitehall knows best."

The Hindu Original article ›
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Improvement in the managing of India's trade deficit with China. Merchandise exports from India to China increased from $11.93 billion in 2014-2015 to $21.6 billion in 2021-2022, an increase of 78% over the last 6 years. Imports from China from $60.41 billion in 2014-15 to $94.6 billion in 2021-2022. The trade deficit with China during 2021-2022 is at $73.31 billion compared to $44.03 billion in 2020-2021. Most of the goods imported from India were in equipment and intermediate parts to meet the needs of electronics, telecom and power sectors in India. 

WSJ Original article ›
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In less than 3 weeks World Central Kitchen has found a way to serve 300,000 hot meals a day in Poland. In this WSJ report an American volunteer in Poland describes his experience meeting people from England, Portugal and other parts of Europe and North America who have volunteered to help refugees from Ukraine in Eastern European countries. Child care for transient families, most refugees being women and children, temporary housing and clothing are pressing needs. People from as far away as Lawrence, Kansas, are out here helping in a stunning display of support for the women and children who are refugees.

WSJ Original article ›
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The WSJ shows options to travel to Europe from the US for under $200 one way on new budget airlines set up by Iceland (Play airline), Norway (Norse Atlantic Airways), Britain (Condor Airlines), France (French Bee), Italy (Neos). Add in bags and meals and it could run to about $400 one way as you pay for everything else extra. One would travel to that country to locations such as Reykjavik, Oslo, London, Paris, Milan, and connect to other parts of Europe. Flights are from New York, Los Angles, San Francisco, Miami. With fares for Delta, United, and other carriers up significantly this offers another option.

NYTimes.com Original article ›
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By failing to show a grasp of the problems of rural poverty and lack of upward mobility, of health and education, in the rural parts of the US, Paul Krugman ignores the spirit that for so long kept the lights on for rural America in the time of FDR and Truman. The NYT's Thomas Edsall has done a great service to America by showing where the Democratic party under Clinton and Obama lost the spirit of FDR and Truman of standing by the common man, of "The People, Yes" that Carl Sandburg wrote so eloquently about not so long ago.

NYTimes.com Original article ›
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US economic growth shrinks for a second quarter in a row in 2022. Growth declined by 0.2% in the first quarter after a decline of 0.4% in the first quarter. The Fed increased by 0.75 of a percentage point on July 27. Fed chairman Powell said at a conference that the Fed is watching the situation closely. At this point he said the information he sees suggests a strong labor market and consumers still have as strong balance sheet with higher wages. It is early to tell he said, yet it appears that the economy will pick up in the second half of 2022.

WSJ Original article ›
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WSJ's Alistair MacDonald talks to farmers in the Chernihiv region north of Kviv which was overrun by Russian troops early in the war before withdrawing. Herd farmers brave mines and continue to farm in difficult conditions. Many have borrowed heavily for next years harvest. Many farmers have damaged equipment and craters from bombing in the fields. About $4.3 billion in damage happened in the early days of the war. 

Farming is the occupation of 14% of the population. It brings in 40% of the $68 billion in Ukraine exports each year making it important to get farming back as early as possible. 

WSJ Original article ›
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About 12 million women left the workforce in the US during the pandemic. Women gradually returned to where there are 1.2 million more women in the workforce as of March 2021. In the new workforce remote work is an option for two career couples with children, wages are up, child care is up. WSJ looks at the situation of a 51 year old  mother of two boys ages 10 and 11, whose husband is a surgeon in the military. She quits work during 2021, and restarts work in a remote work job in 2023. Another worker with children decided not to return to the workforce. 

NYTimes.com Original article ›
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The NYT looks inside the fight against a million acre fire in California. Fires were fought in previous years against hundred thousand acre fires. A million acre fire is something else. It cost $610 million over 3 months to fight the Massive Dixie fire in California, according to the head of CalFire. It took thousands of personnel, hundreds of bulldozers, aircraft and other equipment to fight the fire. Can the cost of fighting so many large fires be met in the future? Australia and California, Greece and other part of the world experienced unprecedented level of fires in 2021.

The Times Original article ›
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"Its a sign of the decline of the country, and this decline is unacceptable," says a key Macron ally, Francois Bayrou, who heads long term state planning. France lacks a vaccine developed by its scientists. France was a leader in vaccine technology and the world looked up to France for new medical breakthroughs. Something has gone wrong and this is causing soul searching in France and friendly countries. 

The Pasteur Institute was a leader in medical science. It has failed to develop a vaccine. Sanofi says it will be the end of the year 2021 when a vaccine is developed.

 

The Times Original article ›
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This story in The Times shows how Gareth Southgate has rebounded from a penalty miss in Euro Soccer 1996 playing for England. After 25 years Southgate is back inspiring his players to take the English team to the quarter finals of Euro Soccer in 2021, and with a win against Ukraine can put it in the top 4 teams. He is shown as a learner with humility and respect for other people who helped him develop as a person and a player. He is seen as someone who believes in sharing success with others who helped make it happen and unlike  other egocentric coaches. 

The Hindu Original article ›
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The federal government in India provides support for loans to farmers on the interest rates paid after the interest rate increase by the central bank RBI. An additional budgetary provision for Rs 34,856 crores has been made for this purpose for the period 2022-2023 to 2024-2025. It will keep interest rates below 7% for farmers. This will support agri-loans of upto 3 lakh rupees for farmers in India. This is to provide adequate agricultural credit for the rural economy of India. Short term agriculture credit would be at 4% interest per year when loan is repaid on time.

WSJ Original article ›
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The fast food industry in US relies on the franchise model which has been deeply affected by depressed wages, poor working conditions and other worker abuses. Governor Gavin Newsom signs into law on Labor Day 2022, the FAST Recovery Act which established a state council tasked with setting wage standards for the entire franchise and food industry. Workers will now get a seat at the table to set standards for wages, and health and safety standards for the industry. Wages will be set at $22 per hour starting next year for about half a million workers in the franchise and fast food industry in California.

NYTimes.com Original article ›
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 Tom Suozzi is elected to the US House of Representatives from New York for the seat vacated by Rep. Santos. After Suozzi is sworn in Feb. 28 Republicans will have 219 seats to Democrats 213. The majority is so slim that when 3 Republicans opposed the impeachment of Homeland Secretary Mayorkas for immigration issues Speaker Johnson could get the impeachment passed only on the second try and that only by one vote. President Biden has called for a vote immediately in the House on an Ukraine aid bill after it passed in the US Senate 70-29 with 22 Republicans joining Democrats. 

DW.COM Original article ›
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Drought conditions prevail in the avocado growing region of Spain. The La Vinuela Reservoir in this region in Malaga province is only 12% full.  It has been reduced to a mere puddle says this report in DW.com. Across the world from the dam reservoirs in Nevada, US, to Uttar Pradesh in India the water levels are extremely low because of a lack of rain. Drought conditions are more frequent and last longer with the effects of climate change say experts. This means sunflower oil output a major export for Spain will drop by a third this year for use in Europe.

NYTimes.com Original article ›
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Rafael Nadal makes a remarkable comeback to beat Medvedev after losing the first two sets in the 2022 Australian Open tennis tournament. The match lasted 5 hours till 1 am the next day. Nadal says "Being honest one month and a half ago, I did not know if I will be back on the tour plying tennis again... you don't know how much I fought to be here." Nadal is one of the of the most resilient players in sports having comeback from difficult situations repeatedly, as he gives his all down to the last point regardless of the score. 

 

NYTimes.com Original article ›
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Most American states fare worse than China in life expectancy and a third of American states including even Michigan fare worse than Sri Lanka in life expectancy. This series by Nicholas Kristof of the NYT looks at the interwoven problems from reading comprehension for 4th graders to a broken health system and large disparities of income never before experienced in this way through loss of manufacturing that are devastating America. Among retired people over half have no savings at all and about 90% of retired people are income insecure, something never before seen in the two hundred years of American history. 

The Guardian Original article ›
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This Guardian report provides a timeline for lunar exploration. The last Apollo Moon missions date back to 1972 with Apollo 17. It lasted 12 days with the first crewed space flight to the moon taking Schmitt and Cernan to moon's surface while Evans orbited above. Since then it has been quiet for lunar exploration till Chang'e 3 lander and rover from China in 2011 put China on the moon, followed by Chang'e 5 in 2020. Today August 23, 2023 India puts its own moon lander and rover on the South Pole of the moon which is expected to have water.


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