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

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WSJ Original article ›
LyrArc Article Gist
Wilber and Tau of the WSJ report that Special Counsel Mueller in the Russia investigation has impaneled a grand jury to further strengthen his investigation. Mr. Mueller has put together a team of 16 attorneys with long experience as prosecutors. By working with a grand jury Mueller and his team are working only a few blocks from the U.S. federal courthouse where grand juries meet, which helps the team to conduct its investigation. A number of experts consulted by WSJ say this means a vigorous investigation is now being put together.  The U.S. Congress is also acting independently to support Mueller. Legislation being sponsored by Sens. Thom Tillis and Chris Coons on August 3, 2017, make it possible to reinstate Mr. Mueller in a situation where he is fired by the president. Under the legislation a special counsel can challenge his removal and a three judge panel could reinstate him. Separately Sens. Graham and Cory Booker are also putting forward legislation for the same purpose. All Senators are from both parties, the two Republicans are from North and South Carolina. In a rare show of unanimous bipartisan support for Russia sanctions following the involvement in the 2016 U.S. election, the entire U.S. Congress over 500 members voted in favor- except for 5 members. The vote in the House 419 to 3, and in the Senate 98 to 2. Such a level of unanimous support is rarely seen, suggesting how the U.S. Congress views this matter as of the highest importance. ...
The New York Times Original article ›
France 24 Original article ›
LyrArc Article Gist
Whether it is so called right or centre or left parties, their is a no nonsense approach to immigration in 2024. Across all parts of Europe from Denmark , Germany and Britain with socialist parties, to Italy and France with centre right, there is tough action on immigration. In the US both Harris and Trump are also taking tough action for law and order based immigration. With Harris calling for the swift passage of Republican Lankford's immigration legislation stalled in the US Congress that ends asylum loopholes and closes the US Border.

BBC News Original article ›
LyrArc Article Gist
The housing crisis and cost of living issues resonated with young voters in Canada who voted Conservative in large numbers. Only 18% of voters 18-29 years considered Trump an issue, which goes up to 45% for voters over 60 years. Support from voters 18-34 years was 44% for Conservatives and 31% for Liberals.

In the final election result Liberals got 43%, Conservatives got 41%. Liberals got 169 seats, Conservatives got 144 seats, gaining 25 seats. Clearly Carney of Liberals has a job to do to get young people's support, says the BBC.

The Guardian Original article ›
LyrArc Article Gist
Biden meets workers of the Culinary Workers Union in Las Vegas as he campaigns for the Nevada primary. Biden says he recognizes that there is a lot of work to do to get worker enthusiasm up, as this has been a difficult period for workers in the hospitality industry that is the main industry in Nevada. This is an industry that was affected badly by the pandemic and is only now recovering. Cost of living is a major issue with the union negotiating for wage increases. Nevada needs to have jobs from manufacturing and other industries to support its young people.

https://www.hindustantimes.com/ Original article ›
WSJ Original article ›
LyrArc Article Gist
US president Biden's multi-trillion dollar spending plans for infrastructure, climate change plans, education and healthcare, are based on a changing perception about the effectiveness of the public sector spending initiatives. The Reagan period idea that the public sector is not as efficient as the private sector that lingered through the Clinton, Bush and Obama, Trump administrations is no longer accepted. After the pandemic another perception is taking root that when it comes to health infrastructure the government has a leading and indispensable role to play. Gone are the doubts about this that hung like a cloud over the nation's plans for infrastructure in health, education and supply channels. Following the global competition with China a new factor is also playing its part. The need for government to play an active role in trade, in protecting technological resources, and in supporting US technological firms in competition with other countries. There is a new perception that the government should be determined to play this role. In the effort to be self-reliant after the pandemic the government is expected to play a role in redesigning the supply channels and providing the direction and incentives for supply channels worldwide that give America a competitive advantage and less dependence on other nations. ...
WSJ Original article ›
LyrArc Article Gist
President Biden's style and years of effort leading to the presidency are similar to another Democrat - US president Harry Truman who took the US and the world through the last years of World War II, the Berlin Crisis and rebuilding war torn Europe through the Marshall Plan, and the Korean War. By doing so Truman built the security and economic structure that was the foundation of the Free World. Prsident Biden faces a similar opportunity says Mr. Zoellick in the WSJ. Mr. Biden is already engaged in a similar task as large as that facing Harry Truman as he sets a new direction for America. To build a new supply chain for the US and Europe, to advance the technological and scientific leadership of the US, Europe, Japan, South Korea and India, and to build a new security alliance in Asia and Europe, and strengthen Latin America. Mr. Truman was not deterred by the 1946 midterm elections with Republican majorities and used his experience as a Missouri Congressman to work with Republicans of like minded thinking to strengthen American leadership in the world. Mr. Biden is not deterred by Mr. Trump's challenge and shifts in voter sentiment as he set his focus on what matters most for America in the decades ahead from climate change to economic leadership. ...
NYTimes.com Original article ›
LyrArc Article Gist
The inflation worse than Germany in the Great Depression, and the collapse of the economy made worse by US sanctions of Democratic and Republican administrations on Venezuela's Maduro regime has led to the largest migration in the history of Latin America. About 7 million refugees leaving a country of about 28 million people or a fourth of the population in a large oil producing country. Socialist Policies of Bolivarist military leaders promoting populism such as oil at pennies a gallon led to the collapse spiralling inflation, and as relations worsened with the US and its oil sector was neglected. US sanctions played a part by 2012. Yet the economy worsened with further deterioration and stronger sanctions under the Trump administration by 2017.  The situation is such that even the US and both parties had never anticipated this, and not the middle and educated, or the working classes in Venezuela. Such a massive failure has never happened in Latin America in its whole history in the twentieth century. Considering the scale of this disaster, actions of all parties in Venezuela, and the political parties in the US have at every step exacerbated the situation. For further interest on this topic use search term Venezuela. ...
ZEIT ONLINE Original article ›
LyrArc Article Gist
This article in Zeit Online emphasizes that the deep sense of unease and anxiety about the future among working class white people is behind the shift in American politics. This shift has a lot to do with the basic identity of the U.S., the borders, and  the ability to generate decent jobs at decent wages. The populous states of the midwest in Pennsylvania, Michigan and Wisconsin helped tilt the outcome to Trump. It is pointed out that this shift is not simply a result of tax breaks for wealthy people and corporations. It goes a lot deeper than that- a growing anxiety about identity, borders and decent wages with decent jobs is what worries non college educated people who make up a larger proportion of voters in some midwestern and eastern states. Democrats also put themselves in an unsustainable position by pushing trade agreements such as TPP as an Obama legacy- even in the face of strong evidence that core working class Democratic voters, unions, and other working class groups had fervently opposed it. It is not that there are fewer liberals today- about 21% in 2012 and the same in 2016. Simply that the anxiety was too high about issues such as borders, identity, and manufacturing jobs that Democrats lost sight of. ...
WSJ Original article ›
LyrArc Article Gist
The U.S. makes its first interest rate cut since 2008. The U.S. central bank, the Federal Reserve cut interest rates by a quarter percentage point on July 30 2019. For seven years after the financial crisis of 2009 the U.S. central bank cut rates to generate business investment confidence and initially to prevent a deep crash in stock markets. In making this cut the U.S. is now a follower of the European central bank which is cutting rates to stimulate the economy. The U.S. does not want to see too much divergence with European interest rates which are showing negative yields and the U.S. at about 2.25% putting the U.S. with a disadvantage in trade from a stronger currency that results from higher rates. That crisis was a result of poor lending by banks in an irrational search for profits that never materialized. It ended up hurting the savings of ordinary Americans who earned close to zero on savings accounts. A similar pattern was seen in Britain and the European Union, resulting in a loss of confidence of working class voters in the established political parties and the emergence of Trump in the U.S., UKIP in Britain, AfD in Germany and the National Front in France.  ...
NYTimes.com Original article ›
LyrArc Article Gist
Another clear warning from Britain under Boris Johnson the failures from that time could still affect the US if it copies Johnson. Krugman looks at Project 2025 that has received the backing of the former president. He points to one aspect of this blueprint for a Trump second term, how civil service would be overhauled to remove civil servants not meeting the requirements put forth by the new administration. He says this takes America backwards. Till 1883 when president James Garfield set up an independent civil service in the US people employed by the government were routinely chosen from the winning party leading to flaws and much instability, weak administration. In Britain this type of effort of Project 2025 was tried under Boris Johnson by using an adviser who wanted to blow up parts of the British civil service for not cooperating. That experiment failed badly and the adviser was fired with much recrimination, Johnson being discredited, and administrative failures. Project 2025 would shut down the Education Ministry and the Homeland Security Ministry, for even more upheaval of the civil service. Not to mention the proposal to reverse the founding of the central bank the Federal Reserve in 1909 under Woodrow Wilson that stabilized the economy after banking panics. These are clear dangers. ...
C-SPAN.org Original article ›
LyrArc Article Gist
"Yesterday, I spoke with President-elect Trump to congratulate him on his victory. And I assured him that I would direct my entire administration to work with his team to ensure a peaceful and orderly transition. That's what the American people deserve." "Yesterday, I also spoke with Vice President Harris. She's been a partner and a public servant. She ran an inspiring campaign, and everyone got to see something that I learned early on to respect so much: her character. She has a backbone like a ramrod. She has great character, true character. She gave her whole heart and effort, and she and her entire team should be proud of the campaign they ran." "You know, the struggle for the soul of America since our very founding has always been an ongoing debate and still vital today. I know, for some people, it's a time for victory, to state the obvious. For others, it's a time of loss." "Campaigns are contests of competing visions. The country chooses one or the other. We accept the choice the country made. I've said many times you can't love your country only when you win. You can't love your neighbor only when you agree." ...
Pew Research Center Original article ›
LyrArc Article Gist
Pew Research looks at Inequality as an issue. It also looks at whether people see that their children will be better off financially when they grow up. The Better off Financially is not the same as the inequality issue, on inequality issue progress can be inadequate but perceived differently among different income groups in industrialized nations to be inconclusive as in this recent Pew Research in 2024.  On whether children will be Better off financially there is a decisive result in Pew Research in 2024. With France and Canada at the top 81% and 78%,  Italy and UK at 79%, the US at 74%, Japan 77%, Australia 79%, Spain 75%. Almost across all the European Union countries and the US this is decisive, a clear unequivocal result. Both the Trump first term and the Biden first term felt effects of Covid pandemic.  Reviving Manufacturing in the US and  Europe is the only way, and with it infrastructure investment, to bring back a sense of optimism to the US and Europe. For this levelling the playing field and tariffs that do that selectively are the plan in the second term, getting industry to take up the challenge is the second goal in this decade to 2030.    ...
The New York Times Original article ›
The New York Times Original article ›
LyrArc Article Gist
Krugman in the NYT reminds readers Charity Watch gave the Clinton Foundation an "A" rating, better than that given to the American Red Cross. He points out the disservice done by all the innuendo about conflicts of interest. The Associated Press report on the Clinton Foundation he finds part of this creating "shadows"  about meetings with corporate people or others with conflict of interest when all it could find was a meeting with Mohammed Yunus, a winner of Nobel Peace Prize and a longtime personal friend. This points to the need to take a good hard look at each candidate, to look carefully at the details and think about what it means for the country for the next 4 years or the next decade. Krugman fails to mention the economy and job gains and losses, yet this is a huge factor in an election year where upward mobility and the prospects for the middle and working class are major issues. For example Moody's has calculated the loss of about 3 million jobs under Trump and a gain of 10 million jobs under Clinton for the next 4 years.  ...
New York Times Original article ›
The New York Times Original article ›
DW.COM Original article ›
LyrArc Article Gist
One of Boeing's major customers airline Norwegian Air has subsidiaries in Denmark and Sweden that have gone bankrupt. Boeing has 92 undelivered orders for 737 Maxs and 2 787 Dreamliner aircraft waiting to be taken to Scandinavia. Additional 219 orders from leasing companies for aircraft were cancelled. In addition airlines such as Emirates are renegotiating price of 787 aircraft orders. Boring's commercial aircraft division is using up $4 billion a month just to keep production and suppliers running. It has used up half of a $14 billion credit line and has $15 billion in cash.The 737 Max crashes and failures cost an additional $18.7 billion in costs. 2019 ended with $27 billion in debt. Boeing has few options- the Trump administration is likely to support a government guarantee because Boeing is one of America's best companies and makes up 1% of U.S. GDP. Boeing assembly lines for models 747, 767, and 777 are going into full production on April 21. 787 line will open April 23 and run at full capacity by April 26. ...
Washington Post Original article ›
LyrArc Article Gist
As Cruz leads in Iowa and other states putting Trump in second place, Hamburger provides an exceptional look inside the Cruz campaign. Cruz's campaign manager says rules of the past no longer apply, in a changing voter environment pushing out establishment candidates and with the digital media tools now available. Data analysis and use of methods such as "psychographic targeting" to tailor appeals to voters based on what appeals to them using Facebook data on likes are being used by the Cruz campaign. Cambridge Analytica, a firm financed by hedge fund executive Robert Mercer, a Cruz supporter, has built an effective data gathering operation of potential Cruz supporters among evangelicals. This has helped the Cruz campaign recruit pastors in Iowa, and in the U.S. for the Cruz campaign. It also helps in micro efforts such as home calls made by supporters, and in "geofencing" or sending emails and messages to a particular building or physical location such as a gathering of the National Rifle Association, or Republican Jewish Coalition. A mobile app "Cruz Crew" is another aspect of the digital effort to organize efforts of supporters and volunteers....
WSJ Original article ›
LyrArc Article Gist
The 2008 bailouts helped the very banks and financial institutions that caused the financial crisis through the issuance of bad mortgages. The stock market and economy recovered leaving workers behind who did not benefit and were hurt financially, causing a deep resentment among Americans that led to protest movements. This resulted in the the remaking of both political parties, with Mr. Trump remaking the Republican party, and Bernie Sanders, Elizabeth Warren remaking the Democratic Party, in a sharp shift to protect American workers and American business. A lot has changed since then.The legislation passed in Congress for a $2 trillion aid package is driven by a desire to protect working families first. Companies that get loans are expected to avoid layoffs. The focus is entirely on preserving jobs in American industry and small business. A separate allocation is made for unemployment insurance and direct payment to households so that the safety net is secured. This may not prove enough, so that there is a vigilant attitude in Congress to ensure that workers and working families needs are met in the coming year and years. ...
The New York Times Original article ›
LyrArc Article Gist
The 2018 U.S. Budget deal that passed the U.S. Senate on February 8 meets nearly all of the priorities set by Democrats in Congress for increases in spending, says Representative John Yarmuth of Kentucky, the senior Democrat in the House Budget Committee. Part of the deal are increases in funding for domestic programs favored by Democrats. As a result Democrats are having difficulty taking a stand on the budget and forcing a shutdown of government on the basis of a single issue, that of children who were brought unlawfully into the country by their parents but offered protection under president Obama's Dreamers legislation called DACA.  Reflecting this ambivalent position Representative Pelosi of San Francisco, made a spirited defense of the Dreamer legislation with a 8 hour nonstop speech, plans to vote against the budget deal, yet says the compromise was fair and helped achieve Democrats priorities on other issues that affect the whole country. Democrats from the most liberal section of the party plan to vote their conscience on the issue, and Pelosi called merely for a commitment from Speaker Ryan to have a vote on legislation that would address the issue of the Dreamers, children of unlawful immigrants. Speaker Ryan offered no commitment on Dreamers except to say any immigration legislation would have to be something president a Trump supports. In the previous vote that led to a government shutdown a settlement was reached between the two parties in a matter of days when Majority Leader McConnell of the Republicans committed to a debate on immigration. On the Republican side the Freedom Caucus members oppose lifting spending caps to address priorities in spending supported by Democrats and to some extent by president Trump, because it worsens the deficit. The budget deal lifts spending caps for this fiscal year for domestic and military spending by about $300 billion. Senator Rand Paul of Kentucky emphasized this issue with his opposition to the budget deal and delayed the deal till the final vote in the Senate 71 in favor and 28 against.  ...
Wall Street Journal Original article ›
The Times Original article ›
The New York Times Original article ›

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