LyrArc Article Gist
In this essay in Der Spiegel, Charles Hawley says that the Trump movement has become a movement of patriotic downtrodden whites, with a whole range of interests-of extreme right talk show hosts, Tea Party politicians, white power supremacists, those left out by globalization in the working class especially in the midwestern states. The danger he says is that this movement of which Trump has become a part, rejects the narrative on which America is based of the Constitution and the Founding Fathers establishing a country based on principles of "the inalienable rights of man," that have evolved through the years to include black people, women, and minorities.  To put this in perspective, president Obama writing for The Economist magazine in October 2016, puts this movement in a different context- that of the Alien and Sedition Acts of 1798, Know Nothing Movement of the 1800's, the anti-Asian sentiment in the late nineteenth and early twentieth century, periods when anti-immigrant or anti-foreign sentiment gained prominence. Obama's view is that it is not fundamentally economic. In this he is right in that some of the forces on the far right do not stem from globalization. Yet he would be missing a great deal if he did not address the economic problems for the middle and working class that have given such views the support of a broad segment of the population, especially in some midwestern and older industrial states compared to say the economy of California or New York. Obama is aware of the problems in his essay as he points to the problems of workers trying to get a decent wage, of job losses through globalization, and the aggravation of these problems by the financial crisis of 2008 when some of the potential physicists and engineers as he calls them went into the financial sector to create faulty mortgages. Yet he goes back to the free trade and global networks of supply chains as having reduced global poverty, without showing a keen awareness of how it has through a combination of events and decades of policy indifference to manufacturing communities in the U.S.- as documented by experts and shown in Lyrarc, with David Autor and Gordon Hansen in the WSJ, 2016- 08-16. A Gallup Study, WSJ, 2016-05-16, supports Obama's assertion by showing that many of Trump supporters are actually self-employed and not in economic distress. Yet the movement would not have taken its proportions without the merging of different groups particularly largely disadvantaged working class voters, and fortunately Hillary Clinton, Bernie Sanders, have a better sense of this than the president. It is by their efforts that income and wealth disparities can be tackled in a way that restores the social fusion of all parts of society- in Hillary Clinton's emphatic words in the final debate by "growing the middle," growing the middle class. This is the task of the next decade, or possibly two decades. (For Gallup study see WSJ, How Economic Anxieties Explain Trump's Appeal- And Where They Fall Short, Nick Timiraos, 08-16-2016. And for Autor, Hanson, see Tallying the Toll of U.S.-China Trade, Justin Lahart, 08-27-2011)   ...

LyrArc Article Gist
The steep decline in popularity of French president Emmanuel Macron in the period of one year. With the yellow vest protests on the economic insecurity of struggling families, Macron's efforts to bring in business friendly policies as a change agent are itself out of step with the times and with France in the provinces and small towns, as pointed out in the New York Times and Times of London analysis of the situation in France today.

As pointed out in the analysis Macron's base itself is small and its anti-institutional posture rejecting conventional politics itself has given momentum to the current yellow vest protests about economic insecurity of struggling families. The support for this comes from all parts of society and single political party, without nationalism, race or migration as factors at all, and comes so soon in one year from the time that Macron emerged with his own movement rejecting the institutional structure.  

LyrArc Article Gist
Charlie Rose talks to Paul Ryan, the Republican Congressman from Wisconsin on his "Roadmap for the Future" and a major overhaul of taxes, spending, Medicare and Social Security. He tells Rose, who hosts a news show on Bloomberg TV, that in 2010 he is all by himself looking at the big picture for shaping ideas on economic reform, and still hopes others will join him in this effort.

LyrArc Article Gist
Russia and the West agree to a calming down of tensions in Ukraine and no increase in sanctions. Talks in Berlin lead to a decision for Ukraine to pay $2 billion for past purchases of natural gas and negotiations on price increases, according to European Energy Commissioner Gunther Oettinger.

LyrArc Article Gist
Unemployment in the eurozone drops to 7.7% in 2017. Unemployment in Spain drops to 17%.

LyrArc Article Gist
Venezuelan president Chavez says his cancer has returned and he will need more surgery in Cuba. This comes shortly after winning the presidential election. He asks Venzuelans to support vice president Nicholas Maduro, a former bus driver and union leader, for president if new elections are held. Venezuela's constitution requires new elections in 1 month if Chavez dies or resigns. Higher spending in the election year has widened the gap between revenues and spending from 5% to 20%, with expectations Venezuela's currency, the Bolivar, will be devalued.

LyrArc Article Gist
The Romney campaign is trying to keep Obama's support among Hispanics and Latinos to 65-70%. Latino leaders say Romney's positions on immigration during the primaries, when he chose to go to the right of Governor Perry, have affected their perceptions and his more recent centrist positions are being discounted. Republicans are awakening to their weak position in the fastest growing demographic in the U.S. Positions on abortion, gay marraige and religion are affecting a portion of the Latino vote. One question is how enthusiastic is the voter turnout, especially because president Obama failed to take up immigration reform in his first term and gave it a lower priority.

LyrArc Article Gist
Hillary Clinton has received $21.4 million from Wall Street donors for her 2016 campaign fund, compared to $75,000 for rival Bernie Sanders, according to this report in the Washington Post. This was raised in questions by Anderson Cooper of CNN at a town hall in Derry, New Hampshire on Feb. 3, 2016.

LyrArc Article Gist
This report in the Washington Post says Hillary Clinton accepted $675,000 in speaking fees from Goldman Sachs. After this was raised in a question by Anderson Cooper of CNN, at a CNN Town Hall in Derrry, New Hampshire, on Feb. 3, 2016, Hillary Clinton has postponed 2 speaking events, one at an affiliate of Bain Capital and one organized by the chief legal officer of BlackRock asset management firm. Anderson Cooper's question to Hillary was whether she had made " bad error in judgement" by accepting that amount for 3 speeches. Her answers "that's what they offered," and "they're not giving me very much money now," were not seen positively in the media. Federal Election Commission reports cited by the Washington Post show that donors from hedge fnds, banks, insurance companies, financial services firms gave $21.4 million for Clinton's 2016 campaign, out of a total of $157.8 million. Including allied superPACS the Clinton 2016 campaign received $44.1 million from financial industry donors compared to $39.7 million received by Bill Clinton, according to this WP report. Compared to Hillary Clinton, Bernie Sanders has raised about $75,000 of the $75 million he raised for the 2016 campaign from the financial industry, says WP....

LyrArc Article Gist
Chavez and the changes underway in Latin America that required economies to be part of the global economy to grow and prosper. In addition Brazil, Mexico and other countries in Latin America have added social programs and benefitted from a global economy and exports to enlarge the middle class and improve conditions of the working class and poor. This has made a social program type economy financed almost entirely through oil exports less relevant and likely to fall behind in today's world. Venezuelans now want to connect back with the global economy and things to return to normal as in the neighboring countries. A lot is changing in Latin America including the demographics with fewer children, access to education and social benefits and the benefits of technology, and no country can remain isolated for long.

LyrArc Article Gist
Figures from the Labor Department show the unemployment rate in the U.S. unchanged for June 2012 at 8.2% and job additions of only about 80,000.

LyrArc Article Gist
As he assumes the presidency for the second time, Putin is under pressure from insiders in industry and others in government who have benefitted from the Putin regime to take a tougher stand against the democracy activists. At the same time progressive members of his government are urging him to let the democracy activists vent their anger at flawed elections.

LyrArc Article Gist
The role played by diplomat Bernard Aronson in the Havana, Cuba peace talks between the Santos government in Colombia and FARC guerilla group. Aronson's diplomatic efforts helped bring peace to Salvador and Nicaragua after years of conflict.

LyrArc Article Gist
The Bernie Sanders 2016 U.S. presidential campaign is compared to the Howard Dean 2004 U.S. presidential campaign. Both are from Vermont- Sanders was Mayor of Burlington, Dean was governor of Vermont. Dean and Sanders draw many white, educated, affluent voters to their campaign rallies. Yet the situation in 2015 is different. Dean's major issue was his opposition to the Iraq war started in 2003. Sanders says his position is more class based, and calls for a revolution to help working class Americans gain upward mobility as wages remain stagnant, and educational opportunity restricted. The Democratic Party today is also different, with more ethnic voters, and 40% female.