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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.

Opinion | If You Want Our Countries to Address Climate Change, First Pause Our Debts

  
NYTimes.com - 10.08.2023 Original article ›
William Ruto, Moussa Faki Mahamat, Akinwumi Adesina, Patrick Verkooijen
LyrArc Article Gist
Leaders of Africa's development banks and the president of Kenya make this plea for adjustments on debt repayments and a moratorium on debt servicing before the annual conference of global finance at Marrakech, Morocco. The problems are: a 35% increase in debt repayments to $62 billion for Africa with increase in interest rates. The total debt of Africa now at $1.8 trillion. The neglect of education and health when countries such as Zambia and Ghana default on debt. The complexity of debt renegotiation with 40% of debt in private hands and 31% with China which is not part of Paris Club. It took 3 years for Zambia to negotiate its way out. And 23 nations in Africa are near default out of the 52 in the world facing this situation.

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The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently

  
NYTimes.com - 11.20.2023 Original article ›
Claire Cain Miller, Francesca Paris
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Claire Cain Miller of NYT looks at how Americans feel about the economy. It is shaped mainly by the cost of living crisis. Over half of Americans feel housing is unaffordable. And most Americans see prices as way too high at retail stores, for food and clothing, and do not see that president Biden has helped increase their wages through his support for the labor movement. Another aspect of this is that even though Biden has brought changes in wages and reduced inflation to 2-3% from 10%, the American people are feeling the effects of three decades of neglect of infrastructure, public services, and manufacturing under prevailing free market economic theory; that caused the disruption in living standards with the 2009 financial crisis, and the shift of manufacturing to China that devastated whole communities.

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Germany's new security plan shows change of heart | NHK WORLD-JAPAN News

  
NHK WORLD - 06.16.2023 Original article ›
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NHK shows that over her 16 years as chancellor in Germany Merkel conducted policy that built the overconcentration of trade and investment in China. This policy is now seen as posing serious risks for Germany now that lessons are being learned from the failure of the overconcentration of investment and dependence on fossil fuel supplies from Russia, a policy pursued by Merkel. It was  the deputy chancellor Habeck as Energy Minister who did the remarkable job of getting new supplies from other countries to replace Russian oil and gas. This made it possible for Germany to make it through the winter without supplies from Russia. Germany is now shifting away from this overconcentration in its supply chain in the new security strategy. This may only be the beginning of a larger change in Germany's policies.

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Original article 1 minute, gist 1 minute

Opinion | Biden has running room this summer. It could decide the 2024 race.

  
Washington Post - 06.18.2023 Original article ›
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The important thing is doing the right thing- building America, building jobs and wages for average Americans. All Americans. Dionne writes in The Washington Post that Biden investments  in renewable energy, infrastructure, and manufacturing, are promoting growth in all parts of the country, many of them rural, Republican leaning, that have experienced decades of neglect. And others once part of the 50's and 60's Truman Kennedy period Democrat leaning- parts of the northeast, the midwest that had suffered badly from outsourcing and sending of jobs to China. A rising tide lifts all boats, in the words of John Kennedy, and Biden tells a Philadelphia rally of union workers that looking back 10 years from now it would be seen that this is when it all started.

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Original article 4 minutes, gist 1 minute

WATCH: India's Prime Minister Modi delivers remarks at joint meeting of Congress

  
PBS NewsHour - 06.22.2023 Original article ›
LyrArc Article Gist
A key part of Modi's address was about meeting the needs of 1.4 billion people in a way that was never met before for hundreds of years. Providing health coverage to something like the whole population of South America. Putting money directly in the bank accounts of something like the whole population of North America. How do you govern a country with 2500 parties and 22 parties governing in different states of the Union? How do you deal with a country with 13 major languages? The challenges are unprecedented and even more to ensure proper delivery of services to the entire population, that has never happened before. It truly is an astounding democracy and has been for 75 years- the only way to know is to go travel throughout India.

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Opinion: On Reformation Day, we need another Luther | Opinion | DW.COM | 31.10.2016

3 Groups   
DW.COM - 10.31.2016 Original article ›
Astrid Prange
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Astrid Prange says the movement started by Luther against paying for penalties for sins being paid for by indulgences, and seeing faith as a gift from God, helped the renewal of the church and Christianity. It came at the time of the printing press, touching a chord with people in Germany. Luther was not a revolutionary, as he was conservative and principled, his goal being to go back to the Christian church's origins. Prange says that in this he is typically German. On October 31, 2016, Pope Francis joins Protestants in Lund, Sweden, for the Lutheran World Federation's celebration of 500 years since the Reformation. Luther would have welcomed this, considering what Pope Francis brings to the Catholic world with tolerance, spiritual renewal and reviving the original teachings of the Christian church.

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Original article 3 minutes, gist 1 minute

Dams: Clean power, sullied legacy | DW | 13.03.2019

1 Groups   
DW.COM - 03.13.2019 Original article ›
Ajit Niranjan
LyrArc Article Gist
Without hydropower and the clean energy from dams estimates are for 10% more use of burning fossil fuels. China and Brazil have added 12.5 gigawatts of power from hydropower, 50% of this in the world for 2017. Africa added 1.9 gigawatts in this period and 6 countries depend on hydro for 90% of electricity production.  The entry of private capital and the financing from the government in the case of China and India is replacing the role of the World Bank. 

The effect of lack of electricity in India and Africa is underestimated in how it affects people's lives in these regions with lack of water supplies, and lack of electricity severely hurting people in large numbers who are marginalized or forgotten because they never had access to lighting at night before.

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Original article 11 minutes, gist 1 minute

Sen. John Fetterman Finds His Voice After Near-Death Experience

  
WSJ - 05.25.2024 Original article ›
Siobhan Hughes | Photographs By Shuran Huang For The Wall Street Journal
LyrArc Article Gist
John Fetterman Democrat of Pennsylvania has maintained a friendship with Katie Britt, Republican freshman from Alabama, and even turned up in Congress to show Britt's son around the House and Senate buildings. It shows how some senators in the US Congress are taking stances independent of their parties different factions and staying true to their authentic selves about what they see as right. For example Fetterman and Britt are introducing legislation requiring children to be 13 years of age to use social media platforms. Texas Senator Cornyn and other Republicans are at ease talking to John Fetterman. It is the kind of bipartisanship that is emerging in 2024 in the US. Fetterman says he is behind president Biden and is campaigning in 7 states calling Biden "a decent, good guy," and a tough guy.

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Opinion | The Tories Will Lose the Election. But What Will Labour Win?

  
NYTimes.com - 05.30.2024 Original article ›
David Wallace Wells
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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.

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The King and Keir: Is Charles About to Get a Prime Minister He Likes?

  
NYTimes.com - 06.27.2024 Original article ›
Mark Landler
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Queen Elizabeth was more comfortable with Labour prime ministers than Conservatives. This included Harold Wilson of Labour. The Queen had a prickly relationship with Margaret Thatcher. King Charles  has strong views on social issues such as housing and migration, and on climate change. Charles 75 years and Keir Starmer 61 years are shown here to have similar views on social issues in Britain. If Starmer wins the election they will meet weekly, and have much in common. The royal historian says there is a meeting of minds in terms of the social issues at stake, the plight of the people of Britain. The national anthem was played at the beginning of the Labour Conference in 2022. Sir Keir Starmer was made Queen's Counsel in 2004 and was knighted in 2014 for his services in public prosecutions. 

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Nalanda: The university that changed the world

  
BBC News - 06.20.2024 Original article ›
LyrArc Article Gist
The great university of ancient Buddhist India is located at Rajgir, Bihar. Nalanda University was built in 5th century AD and was the largest center of Buddhist learning for all of Asia from India, China, Vietnam to Korea and Japan. It's new campus was opened by PM Modi on June 19, 2024. Near it is the Mahavihara Budhhist temple renovated from ruins at a UNESCO heritage site. Excavations were done in the British period by the 1860's bringing to light the ruins of Nalanda, the wonder that was Buddhist India. Buddha attained enlightenment at Bodh Gaya in Bihar and his last years were spent at Kusinagar in Bihar, all in the vicinity of Nalanda University, a center of ancient learning that is older than all European Universities, and is only now becoming known throughout the world.

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Americans’ Views of Government’s Role: Persistent Divisions and Areas of Agreement

  
Pew Research Center - 07.06.2024 Original article ›
Reem Nadeem
LyrArc Article Gist
If the wording in the Pew Research Survey were to include that only the government can tackle huge problems in climate change, infrastructure, and manufacturing, the over 50% of Americans that support government taking on these responsibilities might just as well be closer to 60-70 percent. The tide is turning as the whole culture since Reagan and the key adopters of Reagan's theory  successive Democratic administrations of Clinton and Obama is being reversed- Democrats and Independents supporting the change to get government to tackle these problems is up 15 percentage points. Another shift is the young people who are filled with frustration by the lack of government taking on a bigger role to solve problems such as climate change, manufacturing jobs in US, infrastructure rebuilding that only the government can do. 

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Original article 1 minute, gist 1 minute

WATCH: Biden delivers remarks in Philadelphia on protecting union workers' pensions

  
PBS News - 11.02.2024 Original article ›
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Action taken by president Biden to protect pensions of 10.1 million workers. Biden talks to workers in Philly, about "the most significant investment of pension security for union workers and retirees in over 50 years." Biden signed the Butch Lewis Act protecting pensions of workers on March 20, 2021. A worker's spouse who fought this battle for pension rights over 10 years says Biden restored the dignity of workers, that he walked the walk and talked the talk.

"I would always the remember the speech of John F. Kennedy, when I was a young girl" on the dignity of workers. She was awarded the Citizen medal of Freedom by president Joe Biden for her efforts to protect worker pensions endangered by reckless actions on Wall Street.

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Original article 1 minute, gist 1 minute

US Open 2024: Dan Evans beats Karen Khachanov in New York's longest match

  
BBC Sport - 08.28.2024 Original article ›
LyrArc Article Gist
The longest US Open Tennis match? 5 hours and 35 minutes between Dan Evans of the US and Karen Khachanov of Russia just yesterday August 26, 2024. The first three sets were tie breakers. Dan Evans was down 0-4 in the fifth set and came out to win it 6-4. At 4 down he thought he was out and just kept on fighting. Fans gave a rousing ovation. Evans says "it was one hell of a match. I just want to go to bed." 

  • Set 1 - 68 minutes

  • Set 2 - 67 minutes

  • Set 3 - 72 minutes

  • Set 4 - 67 minutes

  • Set 5 - 61 minutes

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Around the world in 64 days: Charlie Dalin wins Vendée Globe in record time

  
Le Monde.fr - 01.14.2025 Original article ›
LyrArc Article Gist
A 40 year old sailor from Normandy accomplishes an utterly mind boggling feat- sailing alone from the western coast of France across the Atlantic to the Cape of Good Hope in 19 days, to the Atlantic at Cape Leeuvin in 29 days, then on to Cape Horn at the tip of Argentina and Chile in 43 days, from there to the Equator in 56 days, and the last leg back up the Brittany coast of France., around the world in 64 days. He wins the 10th edition of Vendee Globe, a non stop non assisted race around the world, and does this for a second time. A heroic tribute to ancestors Cartier and Champlain who sailed to Quebec and to Africa and the east from the coast of Brittany from the 1530's.

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Original article 1 minute, gist 1 minute

Croatia's gas-powered streetlights still burn brightly – DW – 12/27/2024

  
dw.com - 12.27.2024 Original article ›
LyrArc Article Gist
For 161 years Croatia's old town in Zagreb is lighted with gas lamps. Tomislav Deak lights these lamps every day, a tradition Zagreb is holding on to in Croatia. Only Warsaw is lit with such gas lamps.

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Cocoa Prices Tripled in 2024. Climate Change May Keep Them High

  
WSJ - 12.20.2024 Original article ›
Kirk Maltais
LyrArc Article Gist
Climate changes are affecting cocoa growing in West Africa, coffee growing in Brazil, leading to surging prices. Orange growers in Florida are affected by hurricanes leading to the lowest orange crop since 1930 of 12 million boxes.

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California Property Taxes Can Vary Wildly in Silicon Valley

5 Groups   
New York Times - 02.23.2012 Original article ›
Aaron Glantz, Aaron, Glantz

Petrobras Seeks $65 Billion From Share Sale

3 Groups   
Wall Street Journal - 09.04.2010 Original article ›
Paulo Prada, Paulo, Prada

The Deal That Fueled Subprime

11 Groups   
New York Times - 03.06.2009 Original article ›
Floyd Norris, Floyd, Norris
LyrArc Article Gist
The 2002 decision for HSBC, a British bank, to buy Household International, which was into subprime lending in the USA, has turned out to be a disaster. Now it will close the 800 offices of Beneficial and Household Financial. HSBC's losses from Household are a big reason for the need to raise $18 billion in new capital. In getting into this business of subprime lending HSBC also sullied its high credit rating and its reputation. In doing so it also added its reputation to make it look like the subprime business was a good one and got it going in a big way. With the securitization process older standards of safety disappeared, as so called financial engineering and its engineers made it believable that inherent risk of a borrower's weak ability to pay could just be reduced or eliminated by packaging it differently and spreading it all around.
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Strong Voice in ‘Fight for 15’ Fast-Food Wage Campaign

10 Groups   
New York Times - 12.04.2014 Original article ›
Steven Greenhouse, Steven, Greenhouse

INTERVIEW: Ifo's Sinn: In Greece's Interest To Leave Euro Zone

1 Links 9 Groups   
Wall Street Journal - 02.17.2012 Original article ›
Dj Newswires, Dj, Newswires
LyrArc Article Gist
In an interview with the Wall Street Journal Deutschland, Hans Werner Sinn, head of the Ifo Institute in Germany, says Greece's bondholders are overly exaggerating the effects on the eurozone of an exit by Greece. He sees it in the best interests of Greece to improve its competitiveness and return to growth by going back to the drachma. Just to get to the level of Turkey Greece would need to reduce prices by 31%, which is impossible to do within the eurozone without risking a complete breakdown in civil order. The best way to use the 130 billion euro second bailout package is to use it to recapitalize its banking system, says Sinn. Sinn says Portugal's faces the risk of a debt crisis following the crisis in Greece.
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The Next Global Problem: Portugal

4 Groups   
New York Times - 04.30.2010 Original article ›
Peter Boone, Peter, Boone, Simon Johnson, Simon, Johnson
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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.
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Gazprom Threatens Ukraine Supplies Over Late Payment

4 Groups   
Wall Street Journal - 03.28.2014 Original article ›
Andrey Ostroukh, Andrey, Ostroukh
LyrArc Article Gist
Gazprom's Chairman, Alexei Miller, says Ukraine owes $1.89 billion for gas deliveries after missing a March 7 payment deadline for Feb. deliveries. Transit shipments through Ukraine to Europe will continue. Russia provides 30% of Europe's gas needs and 15% of all Europe's gas demand goes through Ukraine, particularly Germany, Italy and Britain's utility companies. Europe's dependence on Russian supplies of natural gas gives a new twist to the crisis in Ukraine. Russia also needs the revenue from the natural gas exports to finance its own development as growth has slowed down sharply in 2013-2014, making this a situation where both sides in Europe need to resolve the standoff in Ukraine wihout escalation.
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At Chrysler, UAW Saves Mopar Jobs, May Face Cuts

1 Groups   
Wall Street Journal - 10.12.2007 Original article ›
Josée Valcourt, Josée, Valcourt
LyrArc Article Gist
Chrysler will contribute about $10 billion into a VEBA type trust. By this Chrysler can pass on $16 billion in healthcare obligations to the trust to be run by the UAW. New hires will be paid less in a two tier wage system. Chrysler will not sell Mopar part division thus keepig 2600 union jobs.
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