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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 Indian Express Original article ›
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Prime minister Modi spends the morning of his birthday at the Kunho National Park in Madhya Pradesh, a region known for its tigers. The cheetah population had disappeared in India and in this park over years of poor park management. Cheetahs were flown in from Namibia in Africa to Gwalior by special plane to give the cheetahs a new chance in their old habitat. Biodiversity is considered a big part of climate change action, in restoring habitat for animals in national parks a similar goal is achieved for restoring national parks.

WSJ Original article ›
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EV makers in US offer about $5000 in discounts to replace $7500 lost in government EV tax credits. The hurdle for electric vehicles is the lack of charging infrastructure and the cost of home chargers, in addition to the limited range in miles. The big jump in inflation centered not just on groceries in 2019-2024, there was a 34% increase in the cost of new cars and 50% increase for used cars, and a jump in maintenance costs. Reducing affordability for young people and making car ownership costlier. This turned into a cost of living crisis with groceries up 31%, that affected people's enthusiasm for climate change action when China was building one coal plant a week (adding 95 GW in 2024)- underlying the need to provide immediate relief to American working families and elderly through tax cuts, benefits and shifting tax dollars from climate change action to working families in the next 4 years. This is the approach taken under the DJT One Big Beautiful Act of 2025. Basically what the DJT side of the story is on emissions- US has only 12% of global greenhouse gas emissions, cut this by half to 6% and assuming the EU which has 6% of gas emissions also cuts by half to 3%, the saving just 9%  while the 82% of emitters China, India, Russia and Brazil etc not making the cuts needed the impact on climate change is not significant. If China and India want relief US working families also need relief.  ...
NYTimes.com Original article ›
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About 53% of the world's lithium is mined in Australia and shipped to China, says this report in the NYT. At the Pilbara mineral mine in rural western Australia the ore is turned into spudomene that is 6% lithium, and is sold at $5700 a ton to China where it is refined into lithium that goes into batteries for EV cars. Australia is changing its mindset to refine more of it in Australia for battery supplies and how and where lithium is exported says this report. 

The Times Original article ›
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The National Institute of Health and Care Excellence in the UK is urging adults to use a tape measure to check that their waist circumference does not exceed half their height. Other BMI guidelines do not provide an accurate measure of body fat and other ways are needed. Waist and height measure are "simple and effective" way to know if someone is overweight, says NICE. Today a majority of people in UK between 45 and 74 years are overweight. This is true in many parts of the world.

WSJ Original article ›
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Consumer spending in the US is up for Christmas 2021 with 5.8 million more US jobs in October than a year earlier, with higher wage checks and stimulus checks, child tax credit payments, all boosting spending power. With 231 million Americans vaccinated with at least one shot compared to none Christmas last year more Americans are in stores. Shopping online is up only 7%, in store retail sales up 14%, according to Commerce Department. Passenger traffic on interstate highways is back up to where it was before the pandemic.

Original article ›
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Mr. Trump has a firm resolve not to get the U.S. involved in wars in distant places so that he can focus on important economic and other issues including the current confrontation with China on trade. He has relied on advice from General Keane as he forged American policy on Iran and other foreign policy issues. Mr. Bolton the National Security Adviser holds strong opinions on Iran and this is seen as a problem that could accidentally create more tensions or war with Iran. He was passed over with the job going to General McMaster in the earlier part of the Trump administration.The use of an aircraft carrier moving to the Persian Gulf region was merely a precautionary measure says the Trump administration, and the U.S. continues to look for ways to work out its differences with Iran even as it imposed sanctions on Iran. This brings the U.S. closer to its allies in Europe.

The Times Original article ›
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Slavery was banned by the 19th century in Britain and its Empire, it took the US till 1861 to do this and till 1961 to end racial segregation. By contrast Britain followed a policy in China throughout the nineteenth century that brought enormous pain and suffering to the Chinese people through the Opium wars and opening up of ports for opium trade in China. And the US under presidents Wilson, Coolidge, Franklin Roosevelt, and the American people followed a policy of respect for the Chinese people during this period with the idea fervently America believed of a modern nation emerging from the chaotic period of Manchu monarchy's decline by 1900 and warlords civil war + Japanese invasion from 1900-1945. For Britain and the European colonizers Chinese and Indian people were for the most part "coolies." Joe Stilwell, FDR's Supreme Commander of American Forces in China was the ultimate free of racism. A order from the Republican Coolidge administration in the 1920's was for any American soldier to be courtmartialed for so much as laying a hand on a Chinese coolie. A modern nation did emerge as the American people hoped and fought for in China, and in India over the 25 year period in the 21st century, with Britain having failed to bring the same level of understanding that America had for the Asian people.  Britain's monarch Charles tells Commonwealth leaders his government is not paying reparations for slavery yet is determined to create anew understanding to work with other nations in the future, to discuss issues with openness and respect. There are 56 nations in the British led Commonwealth, the largest of which is India. It includes South Africa, Kenya, Tanzania in East Africa and Nigeria, Ghana in West Africa.    ...
WSJ Original article ›
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This and other WSJ, NYT, and other articles say Minnesotan Tim Walz started out as a moderate in a rural Republican leaning district, and shifted to being "liberal" and "progressive" using labels that have by 2024 lost meaning and lost common sense. Tim Walz is accused by the existing culture of being this or that label when he is simply following his instincts about what it means to live in the Age of the Enlightenment that marks all European societies and gave them a head start over Chinese and Indian feudal society during the 19th century Industrial Revolution. When one looks back at the period after Kennedy-Johnson in the sixties, American political economic social and culture has gone through a shift to turn its back on workers and families, turn its back on the "Enlightenment" itself under a culture shift. It happened under administrations both Republican and Democratic over 50 years since 1970. Under a Republican Congressman, and following this a Governor of California, a Texas Congressman and Texas Governor, and under Governors of southern states Georgia and Arkansas, a Congressman from Illinois, and a NBC television show personality. That culture shift has become so instilled at this point that labels such as progressive and liberal are attached in ways that make no sense, lack common sense. Do school meals have anything to do with politics, do you prefer poor family kids going hungry, is that your cultural thing? Is supporting college education for the depressed income groups have anything to so with politics? Only when one rejects the "Enlightenment" that accompanies the Industrial Revolution in Britain in the 19th century, the idea of modernity ushered in by the rejection of feudalism by the French Revolution,  would one reject the idea of giving access to education and through it to a better life for workers and families to all parts of society. ...
WSJ Original article ›
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New bicycle lanes in Paris, Milan, to Mexico City are changing the way cities see people getting to work or moving round. New bicycle lanes are popping up in many cities. In Paris the plan by order of the mayor is to provide 400 miles of pop-up bicycle lanes throughout Greater Paris. Car lanes are giving way and being transformed into bicycle lanes. 

Oakland has moved to have 10% of the roads for bicycle lanes. In Montreal extra 70 miles are added. Bogota added 47 miles.

BBC News Original article ›
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Nigerians 18-20 years old in Lagos and Abeokuta talk to BBC News as a new generation prepares to vote. A big priority for many is good roads and electricity reaching out to more places, better water supplies and sanitation, more pay for teachers, better jobs and better opportunities to get higher and professional education. Everybody wants the country to be better.

NYTimes.com Original article ›
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Germany's increased borrowing and tax breaks for business to increase growth- Germany's version of DJT's US Tax Cuts Bill.

Chancellor Merz and Finance Minister Klingbeil of the two main parties CDU and SPD have put forward this bill to increase growth and productivity, with increased investment from business and government. The debt brake in the German constitution was taken out for increased borrowing.

Merz told the German parliament-

“None of us is doing this lightly. We know that this will place a considerable burden on future budgets, including interest obligations in future budgets. But the alternative — doing nothing, not enabling investment, especially from the private sector in Germany — is not a better option.”

Germany like the US is taking an approach of investing for growth to chart a new future.

WSJ Original article ›
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EV's are costlier to insure by about 30% than internal combustion engine ICE vehicles. Over time this is expected to come down. Insurance costs of EV's are also higher in China where 40% of cars sold are EV's.

The Guardian Original article ›
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Kamala Harris is briefed on the economy after the drop in inflation to less than 3%, by Lael Brainard, Janet Yellen and Gina Raimundo senior economic advisers in the Biden administration. She plans to focus on cost of living action in her economic plan. 

WSJ Original article ›
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President Trump plans to give "a very, very positive message" in his third State of the Union message on February 4, 2020. This comes one day after the chaos of the Democratic Iowa caucuses and a day before the president's certain acquittal in the Senate for impeachment charges of obstruction of justice and abuse of power. The president is likely to avoid partisan jabs to focus on his economic record. The theme is "the Great American Comeback." Mr. Trump will emphasize what he has called "the blue collar boom," the ways his policies are helping the middle class, aides say. The president will point out his administration's efforts for working families, for paid family leave, affordable child care, lowering cost of prescription drugs and health care.White House speechwriters writ much of the text, with policy suggestions from key government agencies taken in. Mr. Trump makes edits with a marker, and thinks about the best way to get points across till the last minute, something that comes easily to him with his colloquial style. ...
The Guardian Original article ›
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Arrests were made in a UK police inquiry including the Treasurer of the SNP, into handling of over 600,000 pounds in donations for a second independence referendum used for running costs instead, say this report in The Guardian. This Guardian report by Libby Brooks shows outwardly successful the Scottish National Party was behind the scenes chaotic, according to members who are frustrated at what has happened since 2014. A big influx of Yes voting members changed the party after 2014, and unable to cope it simply continued to function without modernizing its mechanisms for the last decade. Another problem appeared to be that power was concentrated in the husband and wife couple of Murrell the party's former chief executive who helped the party's electoral prospects, and Sturgeon as deputy leader. For much of the time party insiders say loyalty to Sturgeon after she headed the government, meant there was no effort to modernize the party with the growth in membership, and no serious discussion about this. Stuff got steamrollered. One insider says party leaders were inexperienced in handling a party of this size and did not realize that these problems would build up. It also reflects the support given to challenger Kate Forbes for the leadership election. What it means for Britain is that Labour and the Conservatives can count on Scotland, formerly a base for Labour, to give the leading British parties a decent chance in the next election on cost of living and public services issues. Issues that are uppermost in the minds of people in Scotland, to gain an overall parliamentary majority to tackle the issues of health, education, public services and climate change after the pandemic. ...
The New York Times Original article ›
New York Times Original article ›
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Efforts by two term President of Niger to continue in office for a third term, by changing the constitution with a referendum. Democracy is just taking hold in Niger. In two successful Presidential elections defeated candidates went home without causing any trouble. Niger has an outspoken opposition and an alert press. Trade unions, the judiciary, the press and news outlets, and ordinary people have protested the action.
WSJ Original article ›
DW.COM Original article ›
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US president Biden is on his way to Rome, Italy, for the G-20 summit and then on to Glasgow for the climate change COP26 meeting. Climate change, democracy, redesigning the supply chain, and tackling the coronavirus will be major topics for discussions with world leaders.

The Economist Original article ›
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After delaying taking a loan from the IMF, a multilateral lender known for setting austerity conditions for its loans, Pakistan finally accepts a IMF loan of $6 billion over 3 years. In August 2018 Pakistan turned to Saudi Arabia for $3 billion loan and deferring oil payments of a similar amount, UAE for $3 billion, and China adding another $2.2 billion. A sharp drop in the country's currency reserves left Pakistan little choice. Other problems were a overvalued exchange rate that hurt exporters under the previous government and fiscal spending on needed infrastructure that could not be matched with changes in tax collection. Pakistan has some of the poorest tax collection in Asia, depriving the government of the funds needed to finance infrastructure.  The IMF loan is a smaller loan so that Pakistan would feel less compelled to comply with the difficult conditions often imposed by the IMF that has made it unpopular in developing countries, particularly in Latin America. This is the 21st IMF loan to Pakistan. Only Argentina has had to turn to the IMF for 21 loans. For example the IMF conditions to Pakistan require increasing the electricity and gas prices. Under the IMF plan Pakistan must cut its budget deficit before debt service to 0.6% of GDP next fiscal year starting in July 2019 from the deficit of 1.7% expected this year.  To do this tax breaks of 350 billion rupees or $2.5 billion next year have to be removed. The central bank autonomy was also promised and with this 2 former Pakistani IMF officials now head the central bank. Because widening the tax collection base and better tax collection are promises made in the past to IMF which have not happened, this report in the Economist magazine says implementation in this IMF plan will also be lax, more so as the IMF loan is small and supplemented with funds from other countries. A cartoon in one magazine critical of the IMF shows the IMF officials from Pakistan negotiating for the Pakistan central bank with the IMF head Christine Lagarde. Increasing the Pakistan tax base is essential for Pakistan's development to invest in infrastructure similar to what is happening in India. Releasing funds for infrastructure, roads and railways, hospitals and education, requires a larger tax base in all South Asian countries. Without this internal capital and showing results of spending -with successful infrastructure implementation with least or no corruption or overspending- countries risk falling behind.  ...
WSJ Original article ›
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Restraint in production being shown by OPEC, Russia and American shale oil producers is boosting oil prices. Oil prices rose to $53.21 on Jan. 11, 2021. Prices are now at levels that allow producers to cover their production costs. Demand for travel is likely to increase as vaccination drives proceed. This means prices could reach $60 or $65 later in 2021.

WSJ Original article ›
LyrArc Article Gist
Reaganomics, trickle down economics, it is clear don't work. James Mackintosh says in WSJ, the latest version of Reaganomics, in the form of the LIz Truss budget in September 2022 with cuts in corporate taxes, no relief for vulnerable populations in the cost of living crisis as in all other major European countries and in the US, is already getting a bad reception in financial markets with the tumbling of the British pound.Times have changed there is nothing to be gained in its approach as there are no trade unions strangling growth as in Thatcher's time that need to be restrained, and not that much red tape to increase business flexibility. Most of the privatization has already been done and some of the state run companies are operating much better today than privatized companies handling water and other services.   Instead the problem is one of much needed investment in infrastructure and public services, and social protections after the pandemic. Businesses are not being crippled by high corporate taxes. Instead the opposite is the case, with windfall profits, so that the opposite approach taken by president Biden to use the higher tax on profits of Tech, oil and other companies to finance social protections and a huge climate energy initiative made more sense, leading to the passage of the $369 climate bill  and Inflation Reduction Act of 2022.  The WSJ makes these points- Britain has a higher current account deficit and higher debt at over 100% of GDP compared to the period of Thatcher in the 1980's when debt was only 40% of GDP. Most important is what the WSJ says about what has happened since the 2009 financial crisis and the austerity policies pursued after that crisis that were worsened by the pandemic so that public services in Britain are actually crumbling. Politically this lacks popular support and little backing at a time of a recession in the British economy, because such policies require public support to go through a tough period . And taking this trickle down economics today when Britain faces a cost of living crisis may be an unwise act of taking an approach that is no longer relevant or shown to be working at the worst possible time, says the WSJ. ...
SPIEGEL ONLINE Original article ›
WSJ Original article ›
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US president Biden says none of the unidentified objects at high altitudes of 40,000 feet were connected to the China spy balloon program. Reports now suggest one of the balloons may be American. The Northern Illinois Bottlecap Balloon Brigade says one of its balloons has gone missing and was last seen over the Yukon territory of Canada. Aviation Week reported about the missing balloon, which has been missing before. Biden has created an interagency taskforce to look at the policy issues surrounding the balloons and provide guidelines on how to respond in the future.

WSJ Original article ›
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Paul Hannon in the WSJ tells the story of how the Swiss now support the 15% corporate minimum tax. 78% of Swiss voters support the new tax in a referendum. Switzerland is now trying to change the bad reputation it had gained as a place companies moved to shift profits to low income tax locations. Switzerland now joins 35 countries implementing the 15% corporate tax in 2024 and 2025, including the 27 members of the European Union, Australia, Japan, France and the UK. 15 other countries say they will do so in that time frame.


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