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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.


WSJ Original article ›
LyrArc Article Gist
Was Russia better off in 2021 than after the invasion of Ukraine. Was it better for upward mobility, health, openness of the economy and growth, and standards of living. Was the US perceived as a hegemon when it also lacked control of its own companies that preferred to invest elsewhere and ignored US workers for a long time. This report in the WSJ asks whether it is not true that not just Russia, but the US, the EU, China, India, other large nations faced a world order that was in many ways difficult, not to their liking, and in some ways posed risks for their countries. 

Hindustan Times Original article ›
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The Mumbai High Court dismisses petitions to stop work on the Mumbai Metro in Aarey colony. The court calls the petitions frivolous and fines the petitioners Rs. 50000. Ashwini Bhide head of the Mumbai Metro project has explained that the trees cut for the project are a small fraction of existing trees and will be replaced with new trees. She has emphasized that millions of Mumbai residents for decades have put up with long and difficult commutes because infrastructure projects were delayed repeatedly. The WSJ has called this one of the world's most audacious transit projects and timely completion is expected as the culture on infrastructure expectations changes in India.

WSJ Original article ›
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WSJ report by Jon Emont warns that Indonesia has too much capital going into mineral resource develooment such as lithium and too little for development of a manufacturing bas as is happening in neighbors India and Vietnam. Indonesia lags far behind in manufacturing and as the supply chain shifts with its aging population there is need for policies that build the kind of infrastructure that is needed for foreign investment in factories in Indonesia that can employ its young people. Emont says just seeing that 60% of young people are employed in the informal sectors such as delivery and  transport is not the policy for a country with a large young demographic.

NYTimes.com Original article ›
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This NYT report looks at the transformation of Saudi Arabia with the investment projects of Prince Mohammad bin Salman who leads the country in modernization. In the past much of the oil money going from US, EU, China and India went into wars in the Middle East, Salman has focused on development. using the funding opportunities that need to taken to develop the region, funding which will no longer be there after the shift to renewal energy by 2035. The price tags are extravagant the coastal city and historic district of Jeddah remodeled $20 billion. New center of culture Diriyah near Riyadh, $63 billion. Futuristic city Neom. Red Sea tourism projects. 

Wall Street Journal Original article ›
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The boost to investor perceptions for India with Modi's election, and to Indonesia with Widodo's election are major changes in the second half of 2014. The first half saw the dented confidence in Argentina, Venezuela, Turkey and South Africa. To this can be added Russia with Putin's response in Ukraine and western sanctions. China with Jinping's response to pro-democracy protests in Hong Kong for restoration of the pledge of free elections by 2017, appears to be losing investor confidence, especially with investors seeing this as adopting the Putin Way. This is happening with a gradual movement towards restoration of trade relations with Iran.
Wall Street Journal Original article ›
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Rockwell Collins CEO, Clay Jones, talks to the Journal's David Kesmodel, about Rockwell's strategy as the U.S. Defense Department faces large cutbacks. Rockwell supplies the cockpit electronics on military aircraft. With the growth in sales of Boeing's 787 Dreamliner and Airbus's jumbo jet, Jones is shifting resources, capital investments and engineers to the commercial aircraft business. He tells Kesmodel that his No.1 problem is to position Rockwell in the international area to benefit from sales to India, Saudi Arabia, Brazil, Turkey, South Korea, Australia, countries which he says will have to build their own aircraft capabilities as the U.S. pulls back from overseas bases. He sees international sales going up from 33% to 40%. Only small acquisitions are planned, of between $50-100 million, as Rockwell prefers organic growth.
The Indian Express Original article ›
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S. Jaishankar is one of India's most experienced diplomats. The Indian Express shows work he did in Sri Lanka during another crisis. He called the Indian High Commission in Sri Lanka when he learned about hospitals in Sri Lanka that had shortage of supplies and could not conduct surgeries for this reason. He asked that arrangements be made for these healthcare supplies.

Economist Original article ›
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That the IMF has returned to anew relevance is very much due to the leadership of DOminique Strauss Kahn, a former French finance minister who took the top post at the IMF in November 2007. It has committed $160 billion in ahost of credit lines and new loans to emerging countries and its lending capacity was boosted to $750 billion. Its ahuge turnaround in which the IMF went through alarge metamorphosis to deal with the global financial crisis. Still the Economist says not all is well, as the emrging countries China and India have paltry share in votes the IMF'S governance, Brazil's is less than Belgium's. This and the resistance of Europeans to change their disproportionate say in the IMF governance is shortsighted and shamefully so says the Economist. Fixing this should be a top priority at the G-20 Pittsburgh summit.
Wall Street Journal Original article ›
Wall Street Journal Original article ›
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Galston points to the study in the Economist magazine by Ray Avent showing the hugely negative effect of Tech on jobs in the last 3 decades. He calls for using the full tools kit of solutions to tackle the problem. Society will face huge problems if nothing is done as divisions in society are likely to increase with a few people doing well with a large number of unemployed and the working class having stagnant wages. He points to BLS statistics showing worker wages increased annually by 0.3% after inflation for the period 1981-2014 in the U.S. This is not just a U.S. problem. It is a worldwide problem with particular relevance for U.S., Europe, India and China. Galston was deputy assistant to president Clinton for domestic policy, 1993-1995, and holds the Ezra Zilkha chair in governance studies at Brookings Institution.
The Indian Express Original article ›
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The Supreme Court chastises the governor's role yet leaves the decision on qualification or disqualification of 16 MLA's who crossed over to the Opposition in Maharashtra to the Speaker of the legislative assembly of Maharashtra state in India. The speaker Mr. Rahul Navrekar is expected not to disqualify the 16 MLA's. With the support of these and other MLA's Mr. Shinde had formed a new government in Maharashtra in a 2 party coalition with pm Modi's BJP party in the state.

France 24 Original article ›
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In this interview with France24 Foreign Minister Joseph Wu of Taiwan says his country is a front line democracy fighting an authoritarian regime. He warned that after Hong Kong "Taiwan might be next." He also said the mood of the European Union was changing and perceptions had changed after observing the situation in Hong Kong, the escalation at the India-China border, and in the South China Sea. He sees the threat of military intervention against Taiwan as having "intensified."

Hindustan Times Original article ›
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Tense moments after India's Chandrayan 2 covers 364,000 miles in space, coming close to the lunar surface at the South Pole, as close as 2.1 kilometres before losing communication with the ISRO Space Center. ISRO scientist Sivan and prime minister Modi at the Space Center.  Mr. Modi says he fully supports the space program's mission, saying the need was for continued "prayas" effort and learning from the experience. "Stay steady, look ahead," the prime minister tells ISRO scientists.

https://www.hindustantimes.com/ Original article ›
LyrArc Article Gist
Key points in the National Digital Communications Policy 2018 to be approved by the Modi cabinet are that every citizen of India will have 50 mbps access to broadband by 2022. Key development institutions will have 100 mbps speed. 

10 million public wifi spots are planned for 2022. Expand the ecosystem to 5 billion connected devices by 2022. And attract $100 billion in new investment. Under National Digital Grid the National Fibre Authority will be created to have the supporting organization to achieve these goals.

BusinessWeek Original article ›
LyrArc Article Gist
Welch believes India will rebound from the Mumbai attacks and it has a bright future ahead of it in spite of the huge problems with infrastructure and the troubles with Pakistan. To rebound India will have to come to grips with India's internal problems from greatly improved security to responsible government and business will have to take the initiative to provide new momentum for growth. He credits India's people with insights, creativity and positive energy and credits its entrepreneurs with indomitable spirit. And he says over the last 20 years India has shown that it can educate managers and front-line workers alike. He sees India's greatest obstacles to progress as not just terrrorism but India itself. Something internal that can be tackled from the inside as India's neigborhood will take some time to change.
Wall Street Journal Original article ›
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Mukesh Ambani, chairman of Reliance Industries Ltd. has agreed to acquire Infotel Broadband Services Pvt. Ltd. Infotel earlier won the rights in a government auction for wireless broadband space. Mukesh returns to telecom industry after 5 years now that the agreement with the Anil Ambani Reliance ADA Group not to enter each others sectors has been scrapped. Reliance ADA, Bharti Airtel, and Vodafone Essar are focussed on the 3G broadband serivices. With Infotel Mukesh Ambani makes a entry into 4G or fourth generation services. He sees this as an opportunity to push India in an accelerated pace into the digital world, and it will require large scale investment of a kind that he has made in the past using the latest technologies. The Indian government raised $8.23 billion in this auction. Infotel agreed to pay $2.74 billion for its nationwide bandwidth, Qualcomm won rights in 4 regions for $1 billion, Bharti agreed to pay $720 million for 4 areas, and Aircel $747 million for eight areas. ...

Economist.com

Economist Original article ›
LyrArc Article Gist
The global financial crisis is expected to reshape the direction of globalization. Western finance will be re-regulated. Second as concerns about food security take prominence in countries like India and China inflation and how it affects food prices will result in governments taking an active role in this area. Thirs America will lose economic clout and intellectual authority. Emerging economies like Inida, China, Brazil and Russia and other countries are having a large influence on the direction of global trade now this will also extend to global finance. But even after the re-regulation of finance in western countries and changes also in emerging countries that are seen as necessary in the light of the global crisis, the global economy will still find the model of markets if carefully done and respect for individual initiative with a proper role of government but limited role, he attractive model to follow. Easterly comments on this for developing countries. See the link.
The White House Original article ›
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US effort to strike economic deals and business deals that will change the direction of South and Southwest Asia in ways that are the need of the hour. DJT replaces the failures of the Republicans under Reagan, and his 1983 Middle East Envoy Donald Rumsfeld, who knowing about the use of chemical weapons intervened on the Iraqi side with arms support that led to the subsequent wars. Rumsfeld was to lead the US into Afghanistan War in 2001 and into Iraq War in 2003 by his Office of Special Plans intelligence. By contrast DJT wound down these wars and is now setting a new path to peace in the Middle East by showing the economic path that India now leads for South Asia, and South west Asia's Saudis, Qatar, UAE and Pakistan. This is a remarkable change for Republicans and the Nation, which has the support of well meaning Democrats, including Biden.

Wall Street Journal Original article ›
New York Times Original article ›
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Mohamed Hanif of the BBC's Urdu Service points to the manner in which the CIA and the ISI collaborated in the two time destruction of Kabul. And he points to a Pakistani view outside of the military which is not obsessed with India and would like to get down to the basics- electricity and infrastructure, better lives, and a safer neighborhood. In this perspective the Pakistani military and the Americans both do not understand the basic needs of the large majority of Pakistanis yearning for a better life. Contrast this with the Thomas Friedman piece which complains on the other side, with a note of innocence, of becoming a sucker in this game of a two-faced Pakistani military and intelligence services using the Americans for their own game, supporting the Americans and the insurgents at the same time. Hanif almost has the last word in this, pointing to the ordinary Pakistanis who are just poor and looking in.
The Hindu Original article ›
WSJ Original article ›
Washington Post Original article ›
LyrArc Article Gist
Key points in Putin annexation speech are shown in the Washington Post. Putin presented an anti-western view that went over European history of colonialism in Africa and Asia. It presented a Russian nationalist view oof European powers and the US as trying to diminish Russia throughout history, that refers more to the British than for the country that emerged from British colonies in America with the idea that "all men are created equal." This was similar to a speech made at the beginning of the conflict in Ukraine that stated some of the same points. Putin referred also to the use of total bombing on Dresden, Hamburg and Cologne, by the US and Britain, and the nuclear bombs dropped on Hiroshima and Nagasaki by the US in 1945, the US action in the Vietnam war. Putin's view- "I emphasize that one of the reasons for the centuries old Russophobia, the undisguised malice of these western elites toward Russia is precisely that we did not allow ourselves to be robbed during the period of colonial conquests. We forced the Europeans to trade for mutual benefit." About this version of history of European colonial powers - it is not entirely true, because as Cambridge historian Brendan Simms points out in his  book-  Europe- the Struggle for Supremacy  from 1453 to the Present,  Russia is itself throughout this period one of these European powers. Russia was also one of the powers present in China before the Boxer Rebellion in 1900, and in 1901 when the concessions were drawn from China in that period. Of the military force of 19,000 that entered Beijing in 1900 and crushed the Boxer rebellion of local Chinese calling for ouster of foreigners from China, Britannica.com shows that most of the them came from Russian and Japan, with lesser numbers from Britain, France, the US and Austria Hungary.  After suppressing the Boxers the foreign powers including Russia, Japan, Britain, France, Germany, Austria-Hungary and also the US asked for reparations and concessions on Chinese ports. Tsingtao went to Germany, The British and Russians getting concessions in Tianjin. Only America stated under president Woodrow Wilson that the reparations were excessive. Wilson converted American reparations into funding for Beijing's first modern university Tsinghua University, where  many of China's leaders were educated. During the period 1901 to 1945 the US opposed British colonialism in India and China. The US opposition with its Pacific fleet was strong enough to prevent further division of China among the colonial powers. In the 1940's the US under Franklin Roosevelt and his representative in China General Jospeh Stilwell carried out the campaign against the Japanese invasion of China so that the national integrity of China could be preserved. Stilwell called for reforms of the corrupt Chiang Kai Shek Koumintang government which rejected Stilwell's advice. Leading to its gradual collapse to the Communists under Mao-tse-tung, as the popular support shifted. It is now known what exchanges took place between Franklin Roosevelt and British governments including Churchill and Clement Attlee, and it can be said that the US under FDR was always putting pressure on the British Empire to free India from colonial rule. In 1942 there is the letter from Gandhi at Wardha to Roosevelt asking for help just before the Quit India movement, and Roosevelt's response is clear in the way he told Churchill by 1943 that America would never go along with Britain's unfair and impoverishing rule of India after winning the war. Roosevelt did not need Churchill's "growling" response, he had already put the British as a junior and much diminished partner. American help was crucial in convincing the British to quit India, which is also why it happened so quickly after 1945.  During the Soviet occupation of Eastern Europe after defeating Germany in 1945, much of Eastern Europe came under Soviet and Russian domination. Poland was partitioned between Germany then called  Prussia, Austria and Russia, as colonial powers in 1772, followed by further partitions. The roots of the Ukraine crisis in some ways involve Poland and Polish history, as Lviv is only 70 kilometres from Poland. As the view on the Ukrainian side reflects this colonial history of Russia and of Germany in western parts of Ukraine. America under Abraham Lincoln fought a great war of Emancipation to live up to the document of the Declaration of Independence of 1776 that "all men are created equal." The United States of America did not look to colonial possessions for its wealth because of the abundant land in a new continent and the early developments of the Industrial Revolution. Of rail, steamship, of mechanized agriculture and industrial production, in the period after 1850 that made America unrivaled in its industrial strength right upto the 1950's, and  which continues to the present day.  The industrial development of of Japan and South Korea, then of China, and now in India would not be possible without the  hand extended out by America to nations in Asia,  a benevolent hand in creating a tide that lifts all boats. ...
Hindustan Times Original article ›
LyrArc Article Gist
With the aggressive actions taken along the 1600 kilometre border in eastern Ladakh by China's People's Liberation Army, India needs a younger soldier to protect the border at high altitudes in below freezing temperatures. The entire 3500 kilometre border in the high Himalayan regions from east to west need technology driven surveillance with soldiers fit and ready for such duty. Agnipath's goal is to bring down the average age in the army from 32 years to 26 years to better reflect the youthful population in India. A tighter better disciplined force with high tech is needed. Bringing in more and new recruits is intended. Both the 25% of recruits retained after 4 years benefit and the 75% benefit. The 25% will have opportunities to move up the ranks. The 75% who come back out of the military will have the advanced technical training and courses, certification, that would make them attractive to the public and private sector companies in 2026 and beyond when India's economy will be 50% larger than today at growth rates of 10-12%. This is already seen in the way technologically trained military recruits from World War II in the US Army, Navy and Air Force were quickly absorbed at high salaries in the high growth period of America 1950-1970, with incentives like the GI Bill. Modifications that could be discussed- The 25% retained after 4 years. There is no magic number it could be raised to 30 or 40% during these post pandemic years and then lowered to 25% as the economy grows rapidly by 2025, or kept at 30% without changes, a number of options could be open.The financial aspect of the training can be modified where the 25% retained could have these 4 years added to their years for calculating pensions. The 75% are given 1.2 million rupees and even this can be adjusted upwards so that they could start businesses as entrepreneurs or have the time to pursue higher education before taking up for example with free education to enhance their education in areas of interest as was given by the GI bill to Americans in the armed services after World War II in 1946. Ideas from the GI Bill signed by president Franklin Roosvelt in 1944- Adding one year of unemployment payments, low interest loans to start a farm or business, full tution and living expenses for college. In 2008 the Veterans Act in the US continued support for education of servicement by making eduction free at a public college or university.  The Roosevelt GI bill benefited about 7.8 million servicemen in the US armed services. 2.2 million went to college, 7.6 million took training programs. It was an impressive achievement. No scheme is perfect there are budgetary constraints such as how to manage pensions to give the armed services the best possible funding including the training and course capabilities that also need good financing and the higher pensions for armed services. Every political party  government around the world without exception will have to face these budgetary constraints and the goal is to do right by the armed services providing the income and opportunities they deserve. Was a decent effort made with the right goals set? This is how these matters of national interest for India and the Free World that includes South East Asia, Africa and Latin America, should be discussed.    ...
Wall Street Journal Original article ›
LyrArc Article Gist
Global infrastructure needs are expected to go up by 20% to 2.1 trillion dollars annually for the next 10 years compared to the previous ten years, according to the Samsung Economic Research Institute. India's investment in infrastructure will double to 1 trillion dollars in 2012-2017. compared to the prior five year period. Toshiba hopes to increase sales by 20% to $38 billion for nuclear power generation and distribution equipment and railway equipment, by the year ending March 2013. This is 38% of total revenue for Toshiba. Hitachi has set a goal of a 46% increase in sales to $29 billion, or 20% of total revenue for Jan 2011- March 2016. The Japanese Government and a consortium of Japanese companies are working together on deals such as the deal signed with Vietnam in October 2010 for nuclear power. The International Nuclear Energy Development of Japan entity, includes 12 companies and the Japanese government. The consortium was critical to negotiating the Vietnam deal.

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