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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.


New York Times Original article ›
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Khairat el-Shatar, financial leader of the Muslim Brotherhood was nominated as the party's candidate for president in Egypt. The Muslim Brotherhood controls the newly elected parliament and the body that is writing the new constitution. It is in a struggle with the military about limiting the military's role under the new constitution. The Brotherhood sees the election of its candidate as president as important to not diluting its influence in relation to the military and other parties. Khairat has committed to following a moderate course in setting Egypt on a new path, with a focus on reviving the economy.
New York Times Original article ›
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The Progressive Party of Tomislav Nikolic wins 23.5% of the parliamentary vote, the Democratic party of president Boris Tadic 22.1% and the Socialist party of Ivica Dacic 16%. Serbians cast a protest vote against high unemployment of 24% and corruption in government. There is still a sense that the joining the EU is the best option for Serbia. Even though nationalist parties, some allied to former president Milosevic, won a significant portion of the vote, the nationalist sentiment is balanced now with a sense that Serbia must now look to the future for what is best for the next generation and economic progress.
New York Times Original article ›
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Loretta Lynch, U.S. attorney for the Eastern District of New York, is likely to become the next Attorney General of the U.S. This is the first time since President Monroe in 1817 that a top prosecutor was directly appointed as Attorney General. She was first nominated in 1999 as U.S. attorney in the Clinton administration, and returned to this office in 2010. She does not have any ties to president Obama. This should help speed up the nomination. Her long experience as a prosecutor, her experience with civil rights and terrorism related cases, and her openness, are cited as key qualifications.
Wall Street Journal Original article ›
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A look at the views of Michael McFaul, former U.S. ambassador to Russia and Strobe Talbott, a State Department advisor, on how the Obama administration missed signals of a more assertive policy from Russia during the period Medvedev was president. At the time Medvedev offered a softer tone from Russia and the U.S. extended cooperation. With the return of Putin as president for a second term, his more strident views on the role of Russia in the world following the collapse of the Soviet Union have emerged, especially in tems of policies in Syria and Ukraine.
New York Times Original article ›
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The plan for the government to step in with hundreds of billions of dollars to remove the illiquid mortgage and other assets from the financial institutions that have them finally has full support. Paulson says it will be less costly than the alternative and President Bush calls these steps essential after a series of efforts by Paulson and Bernanke to put out brushfires and move from crisis to crisis. And Congress fully supports the President and Paulson. Speaker Pelosi makes clear her intnetion to adjourn Congress only after this business is taken care of, no matter how long it takes.
New York Times Original article ›
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Tom Donilon, is national security advisor to President Obama. His experience includes working as chief of staff for Warren Christopher in the Clinton administration, and 8 years as an executive at Fannie Mae before being brought into the Obama circle by Rahm Emmanuel as deputy to national security advisor Gen. Jones. Robert Gates view was that Donilon would be "a disaster." His early experience as a political operative for the Carter campaign to his work for the 1988 Biden presidential campaign, and work at Fannie Mae as a business executive, suggests lack of experience in foreign affairs needed for this role. A focus on efficiency and being able to sync with Obama's thinking on foreign affairs may not be the qualities needed in this critical role.
Wall Street Journal Original article ›
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Defense Secretary Ashton Carter, says the allies and NATO can improve their response to Russian president Putin's intervention in Eastern Europe by developing better intelligence sharing capabilities, and getting partner nations to invest more in their military capabilities. In an interview with an Italian newspaper on a visit to Europe. Carter said ceasefire terms in Ukraine should be implemented, and that the U.S. should exert more pressure on Ukrainian officials whom he blamed for the breakdown. He said about "Operation Atlantic Resolve," military exercizes in Europe, conducted to support Eastern European allies through training, cooperation and increased presence since 2014- "Our exercize and training programs, which are tremendously successful, they're tremendously popular- we need to do more of that, get more allies involved."
WSJ Original article ›
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This report in WSJ says Fox News took issue with Tucker Carlson host of the FNN network prime time TV show for remarks he made about colleagues on the network.  Before FNN Carlson worked for MSNBC,CNN and Arkansas Gazette newspaper. He was co-host of CNN show "Crossfire." Mr. Carlson is paid $20 million a year. Since the days of president Lincoln and the Douglas debates political debate has created new audiences. In their current form they bring advertising revenues for networks on the right and the left and skilled practitioners of the art are in demand at television networks. What is new is that this discourse has gradually deteriorated to where it has broken down in some ways.

WSJ Original article ›
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A new $490 billion aid package in Japan is designed to help families and small business. Families with small children will get $900 per child and small business will get $22,000 each if they can show they were affected by the pandemic. Wage increases for nurses and care workers. Economy minister Yamagiva in the new Fumio Kishida government says this aid will "bring security and hope to the people by rebuilding the economy." Japan is following the US by providing aid to the people and business to help rebuild after the lingering effects of the pandemic. In the US president Biden is expected to pass a $2 trillion package including help for child care, paid leave for caregivers and mothers, other aid, and a big investment to tackle climate change.

The Hindu Original article ›
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Born 1904, he joined the Indian Independence Movement in 1926. Union Home minister, and then prime minister to succeed Jawaharlal Nehru in 1965, Lal Bahadur Shastri was the first Indian prime minister to take up the cause of Indian agriculture. It was under his leadership and with the kind help of U.S. president Lyndon Johnson that the Green Revolution was launched in India after periodic famines in northern India for many centuries of its history. 

As Transport Minister he introduced new rules for woman drivers and conductors in public buses and trains.

This story in The Hindu says he had to swim across the Ganges river with the books tied to his head to attend school. Shastri was known for his exceptional humility in public life. 

The Guardian Original article ›
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The large majority of vaccine disinformation has been traced to just 12 persons, according to a report cited by the White House. This report is from the Center for Countering Digital Hate. They have a combined following of 59 million on social media with Facebook being the largest. Of 812,000 Facebook posts looked at by CCDH 65% came from these 12 persons.

On Facebook alone 73% of all anti-vaccine content comes from these 12 persons. These 12 include a religious zealot, a wellness blogger, some physicians who have taken on pseudoscience, and Robert F. Kennedy Jr. Only 3 have been removed from one platform of the 12 persons. US president Biden is critical of the role of social media in this pandemic.

WSJ Original article ›
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The role of the former Rhode Island governor Gina Raimondo, as Commerce Secretary. She pushed forward the CHIPS and Science Act through Congress securing votes from 17 Republicans and all except one Democrat in the House of Representatives. She is committed to moving fast on issues such as investments in America. Gina Raimondo believes that "the most important thing to do to compete with China is to invest in America." She says in an interview that America needs to dominate in certain areas of technology, including critical materials, electric vehicle batteries, semiconductors, artificial intelligence. This report looks at her role at the Commerce department and her relationships with president Biden, Congress, and foreign leaders including Piyush Goyal who is Minister for Industry in India.
 

The New York Times Original article ›
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NYT reporters Kantor, Abrams and Haberman describe the life of Ivanka Trump, and ways in which she has become the closest person to Trump. She has made an effort to study the issues relating to women and plans to act as a moderating influence on the Trump administration. This report cites aides who say the two have a special relationship and discuss thoughts from morning until late into the night. Ivanka Trump says she is perceived differently since the election campaign even though she is the same person. Even making a small influence on the president would be a great deal, says Ivanka Trump. At Trump's urging and the invitation from Merkel, she participated in a women's summit at the G-20 with Merkel and other leaders in Germany.

Washington Post Original article ›
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Experts say the artificial sweetmers in Diet Coke increase the risks of stroke or dementia by 3 times. President Trump of the U.S. takes 12 diet cokes a day, according to the NYT report cited here. Some studies even show weight gain from soda with artificial sweeteners even though these sodas have no sugar and less fat. The problem they say is in how the diet soda is paired with food high in carbohydrates or fast foods with poor nutrients. Taking a diet soda with a Big Mac or fast foods is not healthy than if it is consumed alone. Another problem is that more needs to be known about the effects of artificial sweeteners, because new findings and research could come up with surprises. 

WSJ Original article ›
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China lets the yuan drop to below 7 to the dollar as it responds to president Trump threat of additional tariffs of 10% on $300 billion of Chinese goods. Previously the People's Bank of China, China's central bank, defended seven to to the dollar. The weaker Chinese currency would be an offset to the tariffs on Chinese goods.

This has risks for China as in the capital flight from China in 2015-2016. Debt denominated in foreign currencies has built up under an illusion of currency stability, especially for property developers in China with about $55 billion of such debt, according to Moody's.

China's other response was to suspend agricultural purchases from the U.S.

NYTimes.com Original article ›
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Even today mask use can vary widely in the U.S. as seen in this map from the NYT. After repeated surge across the U.S. from the northeast to the south and west mask use has increased in the U.S. Texas has made it mandatory and president Trump wore a mask at Walter Reed Army hospital. Ypu.gov and other surveys show mask use as high as 80%, not universal as health agencies want to see, higher than Canada, Finland or Denmark.

Other factors such as gatherings at beaches, restaurant and bars, and earlier sport stadiums gatherings are additional factors for a surge. Young people's cooperation has lagged behind accounting for about 50% of cases in some southern states recently being among young people.

New York Times Original article ›
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Differences betwee hardliners such as Ali Zafari, head of the Revolutionary Corps in Iran, and Javad Zarif, the foreign minister in the government of president Rouhani.
WSJ Original article ›
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With 9.5 million barrels a day cut for U.S. G20 and OPEC+ negotiated by president Trump many Texas oil wells will be shut in. Even with these cuts price is sensitive after dropping to $22 by April 12, 2020. The cuts averted a complete collapse in oil prices when markets opened on April 13. By April 12 oil demand worldwide had fallen by 30 million barrels a day. That is how grave the situation was. By doing so the U.S. protected its oil industry. There was complete lack of leadership from Russia, Saudis, Mexico and other countries until president Trump intervened with strong action. Trump threatened tariffs on imported oil to protect the U.S. oil industry if other nations did not come to terms, including calls from U.S. senators telling prince Abdulaziz the Saudi oil minister the U.S. Saudi relationship could not be salvaged if the Saudis did not come to an agreement. Once again president Trump's tariff moves worked, this time to save the world oil industry and oil producing economies such as Russia from severe hardship. ...
WSJ Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Brazil's currency, the Real, moved up to 1.7 per 1 US dollar, on the eve of the Presidential election in the first week of October 2010. Brazil's overnight interest rate of 10.75% attracts speculative foreign capital in the carry trade, where investors boorow cheaply in the US and Japan and invest it in Brazil. The central bank has kept these rates high to finance a current account deficit of $46 billion in 2010 -which is forecast to hit $60 billion in 2011- and to finance a high level of government spending. This spending is likely to continue with Ms Rousseff as the new President, as Rousseff plans to invest in infrastructure such as bullet trains and river dams, as well as the FIFA world cup and the Olympics. Government spending has increased by 18% so far in 2010. Exporters are affected by the artificially high value of the Brazilian real. Goldman Sachs economist, Alberto Ramos, says the real is overvalued by 55% compared to its fair value of 2.65 to 1 US dollar, based on a computer model that incorporates factors such as trade, inflation and productivity. Sao Paulo is already the most expensive city in the Americas, according to one survey....
SPIEGEL ONLINE Original article ›
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Spiegel Online provides a inside look at the leader of the Law and Justice Party which was elected to power in 2015. The liberal opposition that was in power since the fall of communism has seen its popularity decline in the rural areas of Poland, especially in the east. The urban-rural divide seen in other countries such as France is acutely present in Poland and other parts of Eastern Europe, with poor governance and a tendency for economic gains made under capitalism following the fall of communism to go to more educated people in the large cities. The party's leaders are Lech and Jaroslav Kaczynski who were president and prime minister from 2005 to 2007. At the time they were seen as outsiders lacking the sophistication and experience in government of the liberal opposition under Donald Tusk, who now is head of the EU Council since 2014. Tusk was prime minister of Poland from 2007 to 2014. Lech Kaczynski was killed in a plane crash in 2010. Jaroslav Kaczynski appoints members of his party to key positions in government including prime minister Duda. Kaczynski is strident about the manner in which the gains since Poland joined the European Union have gone only to certain groups able to benefit from capitalism. At a recent party congress near Warsaw he is quoted here as saying: "We are here to ensure that everyone in Poland has the same opportunities, regardless of where they live, in the cities or the country." Kaczynski's appeal is in offering a generous welfare state for the middle classes- small businessmen in villages and towns across Poland, common people, with subsidies to tackle the cost of living. His focus is on the "pathological" consequences of economic liberalism after the fall of the Iron Curtain, privatization that benefitted a few, including Kaczynski says former communists and dissidents. Small businessmen felt the inroads of large private retail chains, and families felt the problems of lack of investment in schools and kindergartens. The liberal opposition can only offer the hope that being a reliable EU ally will ensure prosperity, which does not go well with the eastern part of Poland. As a result the Kaczynski government is moving away from the ideas that anchor the European Union. It sees the rule of law and independence of the judiciary as something that can be changed to where the president appoints members of the Supreme Court and the judiciary. Protests in Warsaw and the large cities are taking place against these moves. Der Spiegel says this could end up the way it happened in Britain where it simply stumbled into leaving the EU just by accident. This is the situation in 2017. It could be a temporary process that is a response to the excesses of capitalism. As Kaczynski says to create a level playing field for all parts of Polish society by smoothing out some of the harsh effects of rampant capitalism. Or as Spiegel Online points out a shaky period in which the EU and Poland are at odds- ironically with Donald Tusk as the head of the EU confronting both Theresa May and Kaczynski.  ...
NYTimes.com Original article ›
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Years of conflict between two quarreling camps led to Yoon declaring martial law on December 2 2024 which was opposed by the ruling party and the opposition party in parliament leading to it being withdrawn within 24 hours. A tense situation prevailed outside parliament as it met to vote against martial law powers of the president.

WSJ Original article ›
LyrArc Article Gist
This editorial in the WSJ describes the sharp increase in premiums under the Affordable Care Act of president Obama. The average premium increase is about 24.2% according to a Barclay's analysis, and as high as 43.9% in states such as Illinois. Bill Clinton calls it the craziest thing with small business affected, and some premiums doubling. Of the 17 million people in the individual market eight million buy without subsidies. One in five enrollees cannot qualify for subsidies. Democrats say subsidies are too small. Hillary Clinton has proposed to have a Medicare "buy-in" for people ages 55-65, and a "public option" government run plan. Republicans want to rewrite the law. But this depends on which party wins the Senate, with the election in Missouri giving Democrats an opportunity to maintain a Senate majority.

The New York Times Original article ›
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Krugman points out that in American history even presidents who did not read much and were not very qualified were able to perform well in office because of very qualified people in the cabinet positions. Reagan was not a avid reader yet he had Shultz at State and James Baker at Treasury. Mnuchin is not anywhere near being qualified as James Baker. Tillerson may be qualified as a CEO of a large energy company, but lacks the experience of Shultz. During the last years of his presidency Reagan may have felt the effects of early Alzheimers. Checks and balances also helped to make the system work under presidents so that they did not overreach their powers.  Krugman is skeptical of the way checks and balances would work under president Trump and sees some second rate appointments in the administration. He points to the departure of Mike Flynn and the controversies surrounding the Russian meddling as very different from the situations faced by other presidents with weak qualifications.     ...
New York Times Original article ›
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President Obama's call for boosting the minimum wage from $7.25 to $9.00 in his 2013 State of the Union address designed to lift millions out of poverty.

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