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

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The Times Original article ›
The Guardian Original article ›
LyrArc Article Gist
A threefold increase in immigration to meet staff and labour shortages makes using immigration as an issue in the next election risky for Rishi Sunak and the Conservatives in Britain. In a strange twist it is the Conservatives under Boris Johnson who campaigned on immigration  to take Britain out of the EU now having a record on immigration of this kind. In 2019 Sunak battlecry " get Brexit done" was for lower immigration from a level of 245,000 that year. In 2022 it was a net migration of 720,000 for Britain. Most of this has come from student, work and family visa routes, and legal asylum channels from Ukraine Hong Kong and Afghanistan. Now economists believe it is a result of shortages of labour and staff, and high domestic wages.

Wall Street Journal Original article ›
LyrArc Article Gist
Rivaroxaban, will be reviewed by an FDA panel of outside experts to decide whether the drug used for anticlotting has a favorable risk-benefit profile. The drug is from Bayer A.G. and Johnson and Johnson. Rivaroxaban causes increased bleeding among patients in clinical studies than existing drugs used for anticlotting even though it does better at preventing clots from forming.
WSJ Original article ›
LyrArc Article Gist
Senate Majority Leader Mitch McConnell says he doesn't yet have the necessary votes to stop Democrats from calling for witnesses. Democrats want former presidential National Security Adviser Mr. Bolton to testify under oath about the president's motivations for freezing aid to Ukraine. During three day of presentations by Mr. Trump's defense legal team the focus of Pat Philbin and Alan Dershowitz was on the actions of the president on Ukraine policy not rising to the level of Abuse of Power and Obstruction of Justice that Democrats in the House have presented as the 2 Articles for impeachment. Earlier the White House legal team put the focus on Mr. Biden, and his son Hunter Biden's role in the Ukrainian company Burisma as a board member. Burisma was being investigated for corruption by Ukrainian prosecutors. Much of the defense presentation recalled the effort during the early days after the Civil War to impeach president Andrew Johnson simply because Republicans in Lincoln's party did not like Mr. Johnson's views on Reconstruction of the South, and his dismissal of Mr. Stanton, the Secretary of War. That effort failed because it lacked one additional vote needed for a two thirds majority in the Senate. Republicans say not only are the president's actions on Ukraine calling for an investigation of the Biden's not an impeachable offense as "a high crime," but also that Democrats dislike of Mr. Trump just as Republican dislike for Mr. Johnson was lowering the bar for impeachment by making malleable charges. They argued that one of the country's founders Mr. Mason even rejected the idea presented to him that "maladministration" as grounds for impeachment should be put in the Constitution for the very same reason, that it was malleable to a preconceived notion of what is wrong. Four Republican senators Gardner of Colorado, McSally of Arizona, Tillis of North Carolina and Collins of Maine face tight races in upcoming elections, and may decide in favor of a compromise for the calling of witnesses. This would allow Republicans to call Mr. Biden and Hunter Biden to testify, and Democrats to call Mr. Bolton to testify on his views expressed in his to be published book that the president withheld aid to Ukraine because he felt that corruption needed to be investigated.   ...
New York Times Original article ›
LyrArc Article Gist
Boone and Johnson point to the problems facing Portugal as being worse than that faced by Argentina when it defaulted on its debt in 2001. Portugal they say spent too much in recent years with the help of Euro-money letting debt rise to 78% of GDP compared to Greece's 114% of GDP and Argentina's 62% of GDP at default. The lack of the option for a necessary devaluation under the euro currency makes the situation worse. At this point the situation is simply being postponed as the European Central Bank will continue to let the governments issue bonds, which European commercial banks buy and deposit at the ECB as collateral for fresh printed money.
New York Times Original article ›
LyrArc Article Gist
U.S. President Lyndon Baines Johnson was committed to spending on a war overseas and domestic priorties for the Great Society program at home. Johnson struggled with Congress to meet the costs of both. He even suggested a 10% tax surcharge to pay for the war and domestic programs. Dallek says 79% of American opposed a tax increase in 1968. Republican Richard Nixon was elected U.S. president that year.
The Times Original article ›
LyrArc Article Gist
British prime minister May puts her leadership on the line as she puts forward a Brexit deal to a divided cabinet. The deal keeps Britain in the customs union of the European Union and continues Britain's connections with the EU in other areas. It is opposed by some members of her cabinet. Transport minister Jo Johnson resigned calling for a second referendum. Pro Brexiters oppose the deal as it continues Britain's membership in the customs union.

WSJ Original article ›
LyrArc Article Gist
In an earlier interview with the Sun newspaper, Mr. Trump said he disagreed with Theresa May's approach to Brexit and called it "turmoil" that Boris Johnson had resigned as Foreign Secretary. He went on to say that Boris Johnson would make a great prime minister, that May's handling could "kill" a trade deal with the U.S. At the meetings and press conference Trump reversed this and called it "fake news" as it did not tell the whole story and his positive comments. Trump said at the joint press conference with May that he was open to a trade deal and that how May handled Brexit was upto the prime minister- "Whatever you do is OK with me."

Protests took place in London for Trump's visit including a Blimp over London during the rally.

The Guardian Original article ›
LyrArc Article Gist
The Tories are seen shifting their position from working with the unions during the pandemic and Boris Johnson's position that there would be no return to the period of "low wages, low skills, and low productivity," in this analysis in The Guardian. Faced with risks of higher inflation in Britain the conservatives have shifted to supporting no more than a 3% wage increase for rail workers in the face of 8% increase in inflation in Britain in 2022. Rail airline, other workers,, and the government now are on opposite sides on wages after joining together during the pandemic. Shortages of workers have pushed up wages in some sectors but others are lagging behind including transport workers, leading to the rail strike and other strikes of public sector workers.

WSJ Original article ›
LyrArc Article Gist
The efforts by the Republican Senator Lankford of Oklahoma with the help of Senator Graham of South Carolina, Senator Tillis of North Carolina, and other Republican senior senators, to get a immigration bill through the US Congress that president Biden supports to close the border with Mexico immediately after its passing, is the subject of this video in the WSJ. It says this is the only solution for the immigration crisis not waiting another 12 months to take action. The problem is the parole and asylum policies of the US which need fixing, says Senator Lindsay Graham, the senior Republican in the Senate. The bill would do just that, yet faces opposition from Speaker Mike Johnson, Republican of Louisiana in the House of Representatives who says the bill would be dead on arrival in the House, making it inexplicable.

WSJ Original article ›
LyrArc Article Gist
Republicans are divided in Texas in 2023 which could turn it over to Democrats. One forgets that Texas is the state that a Democrat LBJ Lyndon Baines Johnson was from and his base of support, first vice president under John Kennedy and then elected president. LBJ signed legislation for amending Social Security to create Medicare and Medicaid. He also passed Civil Rights Act of 1964 banning segregation and in 1965 enfranchised black voters. The WSJ in this editorial sees the divisions between Republicans in the House and the Senate over the impeachment of Attorney General Paxton as signs that Texas has one party dominance for too long. It says this could turn the state to a Democrat majority in 2024 as it was under LBJ in 1960, who helped create programs revered by all Americans.

NYTimes.com Original article ›
LyrArc Article Gist
Britain turns to Labour as the lead for Labour party increases to 27 points after Sunak announces the general election will be held on July 4, 2024. What would a Starmer administration look like and how will it meet the expectations of Britain for generational change after the failure of Brexit, and 14 years of austerity policies that failed to invest in Britain and failed to deliver on infrastructure and housing? These are questions not easily answered as Britain's finances are left in a bad state by the Tories for Labour. Starmer is taking the right approach to first get a grasp of the tremendous challenges facing Labour in this situation. It was easy for Boris Johnson and the Tories to make the promises that were never kept and left the British people in the lurch.

NYTimes.com Original article ›
LyrArc Article Gist
Homelessness is a major issue in Portland and in the Oregon governors race in US. This and the legalization by referendum of small quantities of hard drugs has pulled Nike cofounder into the race to support a Republican Ms. Drazan. He first supported an independent Ms. Johnsons, and now has shifted support to Ms. Drazan. Republicans control only Alaska of the western states in the US. 

The Economist Original article ›
LyrArc Article Gist
This report in the Economist after the Chequers meeting and the resignation of Boris Johnson and David Davis says this has improved May's position, yet there are dangers with the hardline Brexiters likely to continue their efforts to take Britain out of the EU. It says the Labor Party is hardly interested in what happens with the infighting in the Conservative Party, and the Labor Party would like to see the collapse of the May government with fresh elections later in 2018.

Washington Post Original article ›
LyrArc Article Gist
Theresa May, Britain's prime minister, makes a final plea to members of parliament to vote for her deal with the EU, saying the choice was between accepting her less than perfect deal or cut ties with Europe with no deal at all, which most people accept will inflict harm to the British economy. This happens as the 13th member of May's government, Mr. Gareth Johnson, quit opposing what he called an "half-in and half-out deal."

The Times Original article ›
LyrArc Article Gist
Labour Party leader Jeremy Corbyn is for negotiating a Brexit deal that protects workers interests. Most of the Labour party supporters and the rest of the leadership is for Remain and a second referendum. Corbyn's position could help Labour in some ways as it brings support from some Leave voters who are unhappy with the way the Conservative party has handled it. Corbyn's manner of straddling between his party's position and his own could help the Labour party in the election because of is unrelenting focus on working class interests and the Brexit mess created by the Conservative party's Cameron and Johnson. 

Original article ›
LyrArc Article Gist
The Times looks at local elections in Britain this week, and a swing to the Labor party of 700 seats given Labor's 15 point lead over the Conservatives. This is a dry run for the general elections that Keir Starmer is preparing for, as Britain ripped by crises like the rest of Europe and the US, faces another once in a generation period to decide what kind of a society to create for the future. The blue wall refers to former Labor party supporting constituencies that voted for Boris Johnson in the mistaken assumption that the  Conservatives could deliver for British workers and families. A similar situation exists in the US as president Biden seeks to gain traditional Democratic states such as Pennsylvania and the midwestern states such as Wisconsin, southern states such as Georgia, and western states such as Arizona.

NYTimes.com Original article ›
LyrArc Article Gist
The Senate passed the Kids Online Safety Act 91-3. It is now upto the House and Speaker Johnson to pass it quickly. Safeguards are already in place for communities. It is an appalling and dangerous sign of the reckless behaviour of tech companies in this social media space, the tech company lobbying conducted here. Ordinary Americans need protection, children in America need protection from the unacceptable risks to mental health in the social media space. Surgeon General Vivek Murthy has called for a warning label similar to the one on cigarette boxes to be placed on social media outlets. Senator Blumenthal and Senator Blackburn from northeast and southern states have come together on this issue to protect the Nation's children. It is now upto the House to take action in 2024 to protect the Nation and its children.

WSJ Original article ›
LyrArc Article Gist
Ron Johnson (R-Wisconsin) who seeks deeper spending cuts, Josh Hawley (R-Missouri) who sees Medicaid co pay for able bodied at 100% of federal poverty level as a "sick tax," Lisa Murkowski who differs on taxing providers, and other Congressmen and Women in the Republican party are opposing the new tax cut package of president Trump. Senator Rand Paul (R- Kentucky opposes the raising of the debt ceiling, and is also opposed.

Most of the main Medicaid cuts come after 2029 after Trump no longer is president, so that Republicans who want to see the shrinking of the Medicaid program so it meets only needs of the most needy, want to see faster cuts while Trump is president. And there are other Republicans in Congress who face tight elections and see big risks of losing their seats.

 

POLITICO Original article ›
LyrArc Article Gist
Speaker Johnson says "all of us 100 percent support the principle behind it." 100% support means killing the key part of the Kids bill on protecting mental health. Republican Senator from Tennessee Marsha Blackburn is leading the fight for the Kids Online Safety Act. It passed the US Senate in a 91-3 vote.  Donald Trump Jr. says  “It's time for House Republicans  to pass the Kids Online Safety Act ASAP.” House Republicans are trying to water down a bill on social media (Facebook and others) by taking out duty of care language that social media companies want taken out. Lobbying by social media companies means Speaker Johnson is holding out even when DJT and Elon Musk, have joined 35 states Attorney Generals, and the Biden Administration's Surgeon General in a bipartisan effort to get the House to pass the social media legislation. Speaker Johnson says "all of us 100 percent support the principle behind it." 100% support means killing the key part of the Kids bill on protecting mental health. Limiting it to physical harm defeats the purpose of the legislation as the WSJ did an extensive investigative report series documenting the harm to mental health and mental health is what needs protecting.   ...
New York Times Original article ›
LyrArc Article Gist
Simon Johnson, a former chief economist at the IMF, rejects the argument that only the traders at AIG in the Financial Products Group who got the company in the mess are the ones who can unwind the complex transactions. He says the same arguments were used in S. Korea, and Thailand and were rejected by their governments as the banks in these countries collapsed and were takenover by the government. At the most keep afew traders and let the rest go is what Johnson suggests.
BusinessWeek Original article ›
LyrArc Article Gist
The experience of shift worker Randy Johnson, at Ampad. American Pad & Paper (Ampad) was acquired by Bain Capital in 1992.
The Guardian Original article ›
LyrArc Article Gist
Most newspapers in Britain talked about the need for unity of the Conservatives if they are to survive the failure of three prime ministers May, Johnson and Truss, and the complexities of Brexit. The Daily Mirror is skeptical and asks "Who Voted for You" in its headline. Brexit brings working class supporters who favor government support and higher spending in an alliance with  traditional Conservative party policies of cutting taxes and austerity cuts in spending. The result as Gerard Baker points out in the WSJ today is one of abject chaos ,as happened in the undoing of Liz Truss with her tax cuts for the rich, financial market chaos, and immediate resignation.

The Times Original article ›
LyrArc Article Gist
Hard Brexiters include Boris Johnson who insist on this at any price. Soft Brexiters include Treasury Secretary Hammond, who want to minimize disruption to the economy. Liam Fox and Michael Gove just want to make it work, that is all. A list of ministers on either side is shown here as prime minister Theresa May faces a split in her Conservative party in June 2018.

The Times Original article ›
LyrArc Article Gist
The Conservatives get a big boost from the 2021 budget. This budget increased the corporate tax to 25% by 2023 from 20% under previous Conservative governments of Cameron, and 19% under May. A survey by YouGov shows 55% of the British public thinks this budget is "fair," only 16% saying it is "unfair." This is the highest rating for any British budget since 2009. For Boris Johnson's Conservatives this means a 4% increase in popularity just in the last week up to 45% and Labour under Keith Starmer dropping 4% to 32%. This has opened a 13 point lead for the Conservatives likely to show up in the local elections coming up. This Conservative lead is higher than the 44% vote share for Boris Johnson's Conservatives in the general election.


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