LyrArc Article Gist
Republicans new strategy break the budget bills in half some budget parts expiring before the others- extend budgeting for some government agencies through early January and some through early February. This is what new Speaker Mike Johnson has done and what a more vocal group the ultra conservative Freedom Caucus in the Republican controlled Congress seeks. Democrat senators and some Republican senators oppose this kind of bifurcation of the budget and setting different dates. Chuck Schumer says the "hard right proposals, hard right slashing cuts have zero support among Democrats."

LyrArc Article Gist
Almost all countries have lower commissions for real estate sales. In the US about 3-4 houses are sold over a lifetime. At 6% commission this amounts to a cost of 25% of the sale price of these homes. This adds to the cost of living for American people and reduces their savings for investment in quality of food, education, health and leisure activities. By comparison in the UK it is 1.3%, in Netherlands 2%, in China 2.5%. In most countries only 33% of sales are done by buyer agents in the US 89%, in the UK less than 5%.

LyrArc Article Gist
Civility and civic responsibilities to get work done for constituents that motivates California Republican Doug LaMalfa  is shown here in his three minute conversation with Biden after the State of the Union address late Thursday night. La Malfa is head of the House Agriculture forestry subcommittee. His task to get the US Frrest Service to speed up permits for harvesting timber. "We gotta cut some trees," he told Biden says this report in the Washington Post. Soon Interior Department officials were reaching out to La Malfa's aides. And another American tradition was set to work.

LyrArc Article Gist
Battersea Power Station in its heyday in the 1950's processed one mlilion tons of coal from Wales and England to power the UK with one fifth's of its electricity. King Charles pays a Christmas visit to the Power Station buildings that are converted into shops and where Apple has its UK headquarters. The singer Raye performs during the visit. The architecture design was done by Sir Giles Gilbert Scott. It resembles an upside down coffee table. The boiler house could fit St Paul's cathedral inside, says the BBC.

LyrArc Article Gist
Michael Gove heads the XO (exit operations) group for no deal planning on Brexit. This group met twice in one week and the planning is being done by ministers for no deal.  There is growing sentiment in the government that with the EU not budging, trading on World Trade Organization terms after January 1, 2021 is the only or best option for Britain. Britain would simply walk away from the unproductive talks.

LyrArc Article Gist
Under a deal made between Partido Popular of prime minister Mariano Rajoy and the Ciudadanos party in Spain, the ruling party agreed to back measures to tackle corruption and ensure an independent judiciary. Public officials being investigated for corruption will be suspended from office. Selection will be done by members of the judiciary for 12 of the 20 board members previously elected by parliament that appoints judges and prosecutors. Wage subsidies are introduced for low income families and cuts in public spending for health and education are restored under the agreement,  which includes a program of 150 measures. The combined vote of the two parties get it to 169- 137 for the Partido Popular and 32 for Ciudadanos- and with the aid of a Canary Islands party to 170. The Ciudadanos party will not participate in the Partido Popular government but will vote in its favor. This is still short of the 176 votes needed in the 350 seat parliament. Rajoy could have a second term only if the Socialist party allows some members to abstain. As this is uncertain Spain faces the prospect of an election in December 2016. ...

LyrArc Article Gist
  Tennis player Roger Federer's speech at Dartmouth College is useful advice - "its only one point" when you lose it, how to move on to the next one free of thought no negative energy, “When you lose every second point, on average, you learn not to dwell on every shot. You teach yourself to think, ‘OK, I double-faulted. It’s only a point.’ When you’re playing a point, it has to be the most important thing in the world, and it is. But when it’s behind you, it’s behind you. This mindset is really crucial, because it frees you to fully commit to the next point and the next point after that, with intensity, clarity and focus.” And how often does this happen? Every second point almost. Because he says he won at Wimbledon and US Open with only 54% of the points. He lost about half of the points and still made it, and this message is real life, it matters to most of us. When we focus, when we concentrate on the task at hand it is one minute at a time.  Mikaela Shiffrin is the ultimate example of concentration skill going downhill fast between poles requires utmost concentration and she did this for the US in the Olympics after many disappointments in previous Olympics, none of it mattered to her, as she practices and focused. And that takes one to Federer's next point it wasn't effortless. It was repeated practice, it was girt with practice that made a difference. Only today this was evident as Sanju Samson talked about talking with Sachin Tendulkar last night before today's World Cup cricket game Final with New Zealand in which he hit 89 runs and the third time he has done it in the last 2 weeks, in Ahmedabad's Modi Stadium, to become the Player of the Match, watched by nearly 1 billion fans around the world. And Federer's last message is to do this by having some fun, enjoying the experience, learning something new, exploring, and getting to one's potential. ...

LyrArc Article Gist
The State of the Union Address in 2026 cited the enormous impact on the world we know today over 2 centuries by this Nation. Jefferson breathed his last in 1826, between that and two persons in the chamber- including Air Force pilot who is 100 years old- between 1826 and 1926 when this pilot was born is a span of 100 years, and in this pilot's lifespan another 100 years. In this period, a couple of generations in our lifetimes, so much was achieved, said the president. So much of the address was about the potential ahead following the heroic efforts of the past. We are part of something larger than us, says the president, and this larger than us is the collective consciousness of the American Nation. "Two-hundred fifty years is a long time in the life of a nation. But in another sense, it's really a mere moment in the eye of history. Two of the gentlemen we met in the gallery this evening took their first breaths one century ago. One hundred years before that, on July 4th, 1826, the author of the Declaration of Independence, brilliant Thomas Jefferson, drew his last breath. Just a single long human life span separates the giants who declared and won our independence from the heroes who stand among us tonight. Everything our nation has done, everything we have achieved, has been the work of those few great lifetimes. In those brief chapters, Americans built this nation from 13 humble colonies into the pinnacle of human civilization and human freedom. The strongest, wealthiest, most powerful, most successful nation in all of history. Americans ventured out across the daunting and dangerous continent. We carved pass through an unforgiving wilderness, settled a boundless frontier, and tamed the beautiful but very, very dangerous wild west. From empty marshes and wide-open plains, we raised up the world's greatest cities. Together we mastered the world's mightiest industries, shattered history's monstrous tyrannies. And we liberated millions from the chains of fascism, communism, oppression and terror." Washington, Jefferson, Lincoln, Teddy Roosevelt, FDR and JFK, through their efforts and the efforts of scientists and industrial pioneers, and of the People of the United States, of educators and scientific endeavors, so much was achieved, and so much lies ahead. ...

LyrArc Article Gist
Iran's oil production filling up existing storage leading to oil well shutoffs May 2026. Tankers near oil fields are used as storage as Iran faces prospect of filled up storage tanks and ships at sea at some point in the next few weeks. It has slow throttled production, increased storage, yet with no oil getting out of Hormuz straits Iran will at some point in the next couple of weeks have to shutdown some of the oil wells. The oil tanks cannot be monitored for storage level and their is existing storage in refineries and other places making it difficult to say precisely when but it could be in the next couple of weeks. This plays a part in Iran's thinking looking for ways to settle the conflict. US insists on getting all nuclear material out of Iran as an indispensable condition and the full and entire reason for the war not anything against the Iranian people. It is a basic idea- non-proliferation on nuclear weapons. Why in the Middle East- the answer is that for 5 decades there are wars in the Middle East, many small nations created by the British and the French who take no responsibility today, and the prospect of spread is real, sectarian conflicts for centuries, and a situation worse than in the Balkans where World War I started. The region extends from Iran, Iraq, Syria, Afghanistan, Yemen, Pakistan, each nation destroyed by 5 decades of war including many Americans, Russians Europeans dead.  Costs of War Project at Brown University estimates are that 4.5 to 4.7 million people died in these wars. The US is not a colonial power like the British and the French, the Dutch. It seeks no oil as it is self sufficient, and it seeks no strife or involvement in the centuries old saga of the sectarian religious conflicts in the Middle East, having settled its own between Catholics and Protestants in the 17th century so that the Industrial Revolution and Scientific Revolutions could take place to create the Modern World of science, medicine, and industry we know today. Many of the nations of the Middle East seem averse to whole heartedly embracing the European contributions in this achievement as China, India, and America have done, in the process changing how their people think and live, and strive daily to further these achievements. ...

LyrArc Article Gist
US $1.5 trillion budget request for 2027 fiscal year by the president for military and defense spending is about 4.7% of US GDP forecast of $31.8 trillion in 2026. In 1960 it was 9% following the Korean War. It dropped to 3.1% of GDP by 2000 and stayed around 3.4% till the current effort to modernization of the US military is thought to require about 5% of GDP.  (World Bank charts). The US spent far higher during an earlier period reaching 14% of GDP in 1953 during the Cold War with the Soviet Union. This report shows WSJ Analysis of where the $1.5 trillion request for Defense is going-  $1.1 trillion for War Department and $350 billion for critical munitions. The munitions are in short supply and war in Iran shows that it plays a critical part in defensive systems such as intercepting of missiles as missiles in short supply affect overall capabilities. An additional $200 billion for Iran War. Pay raises for Defense personnel. $66 billion for shipbuilding- 34 ships to put the US back in the lead for shipbuilding it has lost to China, with the help of Japan which is also ramping up the shipbuilding it has lost to China. US and Japan were leading shipbuilders in the  1930's and in the 1960's, then lost it to South Korea and China. About a 12% decrease in other Department's budgets including Health and Human Services, Treasury, Commerce, Interior, Housing and Agriculture.  These cost reductions some of it coming from more efficient functioning and from concepts such as zero based budgeting where every line item in the budget gets reviewed every year for how much is needed for the purpose, is the purpose still valid, and can it be done more efficiently costing less. $660 billion is coming from the savings. The Nation's capital will also get a facelift, a major renovation, after being ignored for years. In the new Budget is $10 billion for the Presidential Capital Stewardship Program within the National Park Service for beautification projects in Washington D.C., which will give the National Capital a much needed new look for millions of visitors from the 51 states in the Union.    ...

LyrArc Article Gist
Lifespan, Healthspan, Wealthspan, how about Mattering Span or Not Losing Purpose in Retirement? It is always on the mind of retirees how to do things to not lose the activity and sense of purpose in life. Much needs to be done to get retirees back into life, into participation in the economic life of the Nation. With so much knowledge and expertise, and the capital in trillions of dollars, this is apart of the population that has so much to offer and so much that can further advance the Nation in fields of education, health, the arts, culture, sports. With a slightly slower pace than youngsters, this group brings so much of value- knowledge and wisdom that can be tapped into at all levels of business activity with new ways and approaches to involvement.

LyrArc Article Gist
Greg Ip of the WSJ looks at the impact on the economy worldwide from the effects of variants of Covid-19 in 2022. He cites IMF estimates that global output will be 3% lower in 2022 than it had projected in 2019, with Western Europe and Latin America taking larger hits. US growth is distorted and disrupted with the effects of absence of workers from illness (5 million American workers not working in December 2021 because they were sick, or caring for someone sick or afraid of spreading it), supply shocks from supply chains, 7% inflation. The boost to productivity from digitization conceals the impact of an overworked and fatigue prone remote working workforce, says Greg Ip.

LyrArc Article Gist
Hospitalizations in the U.S. reached over 90,000, getting close to the 100,000 mark by November 26, doubling over a short period in November. The surge in rural areas of the U.S. is straining hospitals as this report shows. As larger hospitals are getting full they are denying requests for transfer of patients from smaller rural hospitals who need procedures done for covid. Some rural hospitals are sending patients out of state for better care.

LyrArc Article Gist
The rarely mentioned origins of the U.S. Medicare reform proposal of Rep. Paul Ryan and Rep. Ron Wyden, which includes work done at the Hoover Institution and liberal think tanks, in a debate subject to distortions on all sides.

LyrArc Article Gist
Paul Volcker outlined the work remaining to be done to make the U.S. financial system safe in an interview with Gretchen Morgenson in October 2011. On Fannie and Freddie he says it is important to get rid of Fannie and Freddie at the first opportunity, because they simply shouldn't exist, and it was a mistake to have institutions of this type that mix profit making private opportunities with an implicit government guarantee. If a government wants to help low income people find housing, subsidize them directly, don't do it in this way by hiding the liability behind a quasi-private institution, says Volcker, in the interview with Gretchen Morgenson of the New York Times. Volcker sees a point of vulnerability in the industry of money market mutual funds, which operate without reserve requirements and capital requirements. The money market funds did a huge amount of lending to European banks and aggravated the pressures on them when they pulled back. One way to correct this is to require mutual funds to post the value of their assets every day to reflect market fluctuations. Safeguards on bank deposit accounts, such as FDIC insurance and bank capital requirements, do not exist for money market mutual funds. Other areas Volcker emphasized are strong enforceable capital requirements for banks, making derivatives transparent and standardizing them, and rotating auditors....

LyrArc Article Gist
A professor of economics of innovation and public value at University College, London, says one-off deals such as the one with Land Rover to produce electric car batteries is not an adequate response to the big industrial strategies of the US and the European Union. Mariana Mazzucato says in this Guardian article the UK's decision to leave the EU is costing 100 billion pounds in output. Of 100 leading Uk manufacturers about half say their suppliers in the EU are more cautious about doing business in the UK. She compares the US industrial strategy that combines public and private investment of $3.5 trillion over the next decade, and the EU's for $2 trillion with Britain's effort. She says of the UK that it has nothing like this and worse with austerity it is moving in the opposite direction. Another problem is the change in governments of the Tories and new industrial policy every time there is a new minister. Business investment in UK is 19% less than the G7 average. The civil service needs investment, as she says Britain has become addicted to outsourcing the core functions of the public sector. Mazzucato says the government for aid to the private sector should do what Germany and France have done to expect reduction in carbon emissions, or as the US has done with Biden's Chips Act of giving aid given that there are no share buybacks by companies.   ...

LyrArc Article Gist
Meg Gentle, who helped build the first LNG terminal for Cherniere Inc. in the Gulf Coast of the US for export of natural gas extracted in the US, is now switching to work in green hydrogen production. The first facility goes up in Texas by 202 7after an experimental project in Chile. WSJ shows many former fossil fuel executives are taking this route to green hydrogen. Gentle says the nascent green hydrogen industry is similar to the beginnings of natural gas. She says there are all the same elements in both. And that the new companies can go from one plant to create a new transformation just like that done for LNG. A chief technology officer of Airbus, a head of GE Europe and China, and an Italian from Eni Enel are also working at green hydrogen companies. What has turned an historically uneconomic business into a possibly profitable business are subsidies from president Biden put in place for clean energy. These subsidies now cover 60% of the cost of green hydrogen, says the WSJ. Green hydrogen requires permiting, infrastructure, financing, customer agreements, similar to the fossil fuel industry. Many are joining for the challenge as green hydrogen when converted into a liquid for transport can't carry as much energy as fossil fuels. About 120 startups raised $2.6 billion in 2022, a 50% jump from 2021. The GE executive says no one has done this on scale making the opportunity enormous. ...

LyrArc Article Gist
Mortgage and other loans taken out at lower interest rates, before the US central bank the Fed started raising rates  in March 2022, is a big part of US household debt. This fact is helping to soften the impact of the Fed's increase of rates by 5% over 16 months. The increase in rates helps savers and retirees earn more on savings kept in CD's. The cut in inflation from 9% in 2022 to 3% in July 2022 helps increase the purchasing power of money. It also helps keep the US economy stronger than other world economies, with the Biden economic plan of increased business investment underpinning strong economic growth of 2.4% in the second quarter of 2023. Wars are not a distraction or cost burden for the economy, with Biden shutting down 2 wars in the Middle East and South Asia. Lessons were learned and Biden has been resolute about this, also giving a singular focus to his plan for rebuilding and renewing America on multiple fronts, infrastructure, fighting climate change, inflation, business investment, and fair taxation so that the fruits of labor are shared equally by all of America's people. Doing this required a clear vision, resolute purpose, and a path to action for each step. Biden has done that in ways that only a few presidents have done in the past. In doing this he has shown that America stands for hope and a better future, a land as he never fails to repeat, a land of possibilities. ...

LyrArc Article Gist
Paul English favors teams of three people to get things done quickly. He gives employees freedom to test ideas, including one intern who was allowed to test an idea on the first day at work by writing the code. He says no innovation happens with too many people in a room, and its easier for two or three people to nurture an idea. A clicker hangs outside the door of the main conference room. It is meant to send the message that for things that one cares about you need about three people smart enough to move forward.

LyrArc Article Gist
This article gives some simple answers to questions about how the NHS test and Trace system setup by Baroness Harding could go so wrong. It was setup as a separate agency and ignored some of the vital information of how contact tracing should be done close to local area coming out of Germany. This information was available early and was also on the Lyrarc site, as Germany had effective contact tracing as early as March-April. First Britain wasted time waiting for some brilliant App to do the work. The when this was going nowhere the NHS Test and Trace was setup but ignored the need for this to be done locally and followed up with personal visits to the homes of those needing to be visited to isolate. Most important- the local knowledge and the persons doing the calling having human skills to get people to cooperate and feel reassured. Less important or not at all- sophisticated equipment, a simple desktop, national database to which data is connected and sourced and a desk, a skilled motivated local person the key. Germany resorted to using the underutilized state or local employees who were diverted to these tasks but extraordinarily effective.  ...

LyrArc Article Gist
See the Breakthrough Agenda Report on Climate Change targets and hurdles after COP26, on the IEA website, and opportunity for 85 million additional jobs by 2030 in renewable energy. The report is done by the International Energy Agency, the International Renewable Energy Agency, and Climate Change Champions. It points out the need for better international coordination if climate change goals set at COP26 are to be achieved. The report calls for a breakthrough by addressing the international "collaboration gap."

IRENA makes 25 recommendations to be discussed at ministerial meetings. It also says that 85 million new jobs could be created in renewable energy worldwide by 2030 compared to 2019, offsetting the loss of 12 million jobs, creating a huge jobs opportunity with action on renewable energy.

LyrArc Article Gist
Biden says at Hiroshima G7 Question time with media organizations, that a thaw in relations with China will happen soon. Responding to a question about communications in a crisis he said he and Xi had agree that this would be done and then Biden says there is "this silly balloon" with intelligence equipment that passed over the US that delayed this decision being implemented. He says the US and its European allies are restricting high tech equipment from being exported to China not because it is a hostile act but we just want to maintain the status quo.

LyrArc Article Gist
Luis Enrique suffered a nose injury in the 1994 Euro soccer quarter finals against Italy, and a loss to Italy. Now the coach for the Spanish soccer team is back with the win in the quarter final against Switzerland, that game going to penalties. Spain is now in the final four with Italy, England and Denmark. He will meet Italy now as the coach of the national team. Spain has gone through long periods when the national team has not done well. Spanish soccer revived after 44 years with a win in penalties in Vienna that took it to the soccer semifinals in 2008.

LyrArc Article Gist
Francis Scott Key bridge that crosses outer Baltimore harbour collapses, a sign of the neglect of aging infrastructure. Priorities that were ignored by previous administrations pursuing star wars, and wars in the mountains and deserts of the Middle East since 1980, reversing decades of progress since FDR/Truman set the path, Eisenhower that built the Interstate Highway System, Kennedy/LBJ that set the path to the New Frontier that was lost in the distance. US president Biden said the federal government "would pay the entire cost of reconstructing the bridge" and it would be done "as soon as humanly possible."

LyrArc Article Gist
Indian Railways is going through a huge modernization program making travel at high speeds possible between major cities and making remote locations accessible. This BBC report looks at the travel that was done in the older version of Indian Railways in crowded rail compartments and different conditions. Rail travel to Baramulla in Kashmir and Rameswaram in Tamilnadu state are shown at different ends of India. This is changing rapidly as more modern trains which cover long distances in a few hours are taking the place of older trains. Modern rail stations are replacing old ones with levels of convenience and technology matching that in Europe.