LyrArc Article Gist
Even after the mandated vaccine requirement set by president Biden only 65% of the US population is fully vaccinated. As virus ebbs in southern states from its peak, 68 million people are still unvaccinated in the US. The US now has more than 700,000 deaths exceeding the toll of the 1918 pandemic.

LyrArc Article Gist
Laura Carstensen of Stanford Center of Longevity says half of the people over 65 years work for the money, and the other half love their work. For healthy people the brain and cognitive processing do not change into the age 60's and 70's. Instead of dividing one's life with today's outdated norm of early life for education, middle life for work and later life for leisure, what if we could weave education and leisure throughout our lives?

LyrArc Article Gist
PM Modi inaugurates 5G service in 13 cities in India. These cities are Mumbai, Ahmedabad, Gandhinagar, Pune, Delhi, Gurugram, Chandigarh, Jamnagar, Lucknow, Bengaluru, Chennai, Varanasi, and Kolkata. Other cities will be connected in the next few months and other parts of India in the next phase of 1 to 3 years. Jio's Akash Ambani and Mukesh Ambani took the leadership role in pioneering 4G in India. Jio is now playing a key role in pioneering the transformational technology of 5G throughout India.

LyrArc Article Gist
The leader of the company Jio that pioneered 4G development in India, says India will grow at an unprecedented  acceleration to become a $5 trillion economy, one of the targets of the government. He says under the "atmannirbhar" vision of self-reliant economy, his company will lead the development of 5G in India in the second half of 2021 using home made technologies. Mukesh Ambani was speaking at the Indian Mobile Congress 2020.

LyrArc Article Gist
The point at which pensions begin and retirement begins is thought of normally as 65 years. This is changing. Experts on ageing at Britain's ONS, Office of National Statistics say 70 years is replacing 65 years as the age at which people can work and contribute to society, working later in their careers and doing voluntary work. This would help ease pressure on pension system financing and cost of social service to elders. Because of rising longevity and improvements in healthcare, diet and lifestyles people age 70 had characteristics of people age 65 in 1997, say ONS experts. ONS looks at a new way to measure ageing. Do not use chronological years from birth, work backwards from remaining life expectancy and operate on the basis of 15 years as the marker for old age. Under this method start of old age is 70 for men and 72 for women. As people over 65 years is approaching a fourth of the population this fresh thinking gives more room for pension system sustainability, and helping engage people at work for longer more productive lives. Both for the economy and personally for the individual. ...

LyrArc Article Gist
Todd Schlanger, senior investment strategist at Vanguard, is cited in this WSJ report saying the 60-40 strategy makes sense now because of lower stock valuations and higher bond yields. His forecast for Vanguard for a 60% stocks and 40% bonds globally diversified strategy is for a annualized 10 year median return of 5.4%. Schlanger says 60-40 strategy used to be a bellwether, and that strategy is an enduring strategy.

Stock valuations that Schlanger says are lower are reflected in the S&P 500 which is trading at 18.2 times its expected earnings over the next 12 months, down from 21.6 at the start of 2022. The 10 year average is 17.5.

LyrArc Article Gist
The retirement age in France is much lower than other European countries. As people live longer and pension system finances are strained retirement ages are being increased. In France the retirement age is 60, and dates back to the Socialist president Francois Mitterand in the 1980's when the Socialists and the unions strongly supported a retirement age of 60 and a 35 hour work week. Socialist party former general secretary, Francois Hollande, calls changes "unjust reform." The Sarkozy government is treading softly by making a gradual change with the legal retirement age increasing by 4 months per year starting in July 2011, till it reaches 62 by 2018. The pension deficit is forecast at $40 billion a year for 2010. People in taxing jobs or in difficult occupations are exempted. By contrast Germany as plans to change the retirement age from 65 o 67. Britain and Italy have set this at 65.

LyrArc Article Gist
Latest data from the U.S. Treasury shows it has collected $63 billion in tariffs over the preceding 12 months. Even though there is no agreement on trade with China, president Trump says the U.S. is benefitting from higher tariffs by tens of billions of dollars. In May he estimated tariff revenues could reach $100 billion.This report in the WSJ says this could happen if the the new tariffs of 10% on additional $300 Chinese goods imported to U.S. goes into effect on September 1. This is likely considering that China sees this in different terms than the U.S. such as its sovereignty, whereas the U.S. sees it simply in terms of fair trade. With new elections China may be simply putting things off till the election is decided as Mr. Trump has pointed out. The tally of what the U.S. Treasury gets annually if $100 billion is generated in tariffs goes something like this. Of this $30 billion was generated previously for the U.S. government, so the incremental amount is $70 billion. Of this about $16 billion goes to offset the effect of loss of farm exports to farmers, mainly soyabeans exports to China, through a rescue fund. This leaves additional $54 billion for the U.S. Treasury. Money that could conceivably be put back into infrastructure that the U.S. badly needs in mobile and fixed to improve internet speeds and move up from its low rankings compared to China and other countries. A WSJ report this week shows Germany in worse shape than the U.S., both countries having dismal status in mobile infrastructure- the U.S. at No. 37, and Australia No. 4, Canada No. 3, and even Croatia No. 9. This throws some light on why this trade dispute has become intractable, for China the right of a sovereign nation to move past middle income status even as its telecom technology with Huawei 5G is top class, and for the U.S. the right not to fall behind in advanced technologies such as Telecom. It is also why one hears so much about Huawei and why it has become a flashpoint of the conflict in trade and trade practices. It is thought Mr. Trump is conducting this trade dispute. Yet less known is the fact that prominent Republicans in Congress such as Senator Warner have stated on television talk shows that they are concerned Mr. Trump may give up too much in negotiations that lead to the U.S. not being able to compete in telecom advanced technologies that matter for competitiveness and for national security. What was treated by Bush and Obama administrations routinely without much attention to the consequences is now a top concern for Republicans and others in Congress and business. ...

LyrArc Article Gist
Huawei gets support from Telefonica SA, one of 3 mobile operators in Germany, for use of its 5G equipment along with equipment from Nokia Corporation. This still depends on certification from reluctant lawmakers that Huawei equipment can be used. Huawei is seen as a threat for espionage in Germany by lawmakers. Lawmakers in the ruling coalition now say they will amend the telecom laws in ways that would exclude Chinese vendor Huawei. The Christian Democrats have already adopted a motion to exclude 5G network providers that can be influenced by their governments. 

LyrArc Article Gist
China and Huawei lack the manufacturing capabilities needed to make some of the component parts that go into 5G systems. The U.S. Commerce Department in May restricted chip makers globally who use U.S. technology from supplying semiconductors to Huawei. This means Taiwan's Taiwan Semiconductor Manufacturing Company which uses U.S. technology in manufacturing 5G component parts cannot supply Huawei.

This gives the U.S. and Japan, South Korea to catch up with initiatives of their own to match China's state subsidies model that finances its semiconductor companies and 5G companies. 

U.S. Undersecretary of State Keith Krach says "We've utilized the strengths of semiconductor equipment companies and electronic design software companies to eliminate Huawei's access to the necessary sophisticated chips to build 5G systems and their most sophisticated smartphones." Huawei he says is a security threat to the U.S.

LyrArc Article Gist
A new Made in India 4G network is taking shape under BSNL. Rupees 24,000 crore have been allocated by the Indian government for this effort.

LyrArc Article Gist
  US reaches agreement that would restore oil supplies and bring down oil prices. The supply chains may have to be reconstituted for replacing much of the 20% of the oil that flows through Hormuz if the US, Europe,China and India, Japan, rest of the world are to gain from this experience. The only way to understand the change of mind of the DJT US government and the Saudis/UAE/Qatar for bringing an end to the war without immediately fulfilling required nuclear conditions is from the Saudi point of view it has sought to avoid damage to its oil facilities from Iranian drone and missile attacks. From the US point of view it may see that the US + ramped up Venezuelan production by 2027-2028 with increased push for supplies in other parts of the world with better security than Hormuz, could make up for most of the loss in supply from Hormuz. For the remainder acceleration of the renewal energy in Europe and in China, India could reduce dependence on oil from Saudis/Iran.  US Energy Information Administration forecast is for oil prices currently $103 for Brent crude oil to stabilize at $89 at the end of 2026 and $79 in 2027. The year started in 2026 at $60 per barrel. The UAE oil agency ADNOC says it would take 4 months to get 80% of production back on stream and full flows by 1st quarter 2027. Rystad Energy estimates repair and restoration at oil facilities to cost $58 billion. The MAGA base which opposed wars by Bush and Obama in the region would then look at it this way. The billions that Obama poured into Iran for Iran to rebuild its nuclear program would not happen again, as the US would continue its sanctions till all nuclear materials are removed from Iran. Iran would stall in negotiations that are now put off with only a Memorandum to show for commitment of Iran- though an agreement would only be a piece of paper that Iran may not implement as the failed Obama agreement showed- but yet not have the billions of dollars to support its nuclear program. It would give the US, Israel, and the world 10-15 years in which to respond to another nuclear program by Iran. Iran will need $270 billion to repair the damage to industrial facilities, which shows the cost of the war for the Iranian people just to get a nuclear weapon is prohibitive, considering that the Iranian economy was already in trouble before the war. Inflation and the overall economy will be in difficult shape for many years. Public sentiment in Iran may change the future course of Iran away from the course currently pursued. The entire Middle East  region has not benefitted from its dependence on oil. For the rest of the world finding alternative sources of supply is the best way and EU, China, India should accelerate renewable technologies and goals for energy independence shortening the transition from fossil fuels. ...

LyrArc Article Gist
Engineer and climber Kelsey Olson makes cell towers for 5G infrastructure work. WSJ shows her at work - she has no fear of heights. Ms. Olson is 36, and Denver based division manager of Tower Engineering Professionals, a North Carolina company that helps telecom companies upgrade to 5G. She joined at age 23. She not only manages about 10 engineers to design the structures, but also works outdoors with teams that inspect these towers and retrofit with new equipment for 5G. Once high up in a climb in the Pacific Northwest, she could see a purple sunset, from way above the pine trees. 

LyrArc Article Gist
Rosie Millard takes up French at age 60 at London University. She lives just up the road from Birkbeck College. She comes back to the classroom in evening classes attended by people who work during the day. Here she describes her day at school learning French in a new environment of computers, the cloud, and a classroom of avid learners. Only 135,000 students in Britain took modern languages at GCSE A level with French doing the worst. Millard is bucking the trend. For seniors this is about resilience in aging as this as important as smoking cessation or cutting obesity habits say researchers to maintain a healthy vibrant brain well into the eighties and nineties.

LyrArc Article Gist
The UK decision makes purchases of Huawei equipment for UK 5G networks illegal from the end of 2020 and gives carriers till the end of 2027 to strip out existing Huawei gear from 5G networks. The move Mr. Dowden, British minister in charge of digital issues, says will cost $2.5 billion and delay the development of 5G by 2 to 3 years. He said the whole sector suffers from a "global market failure" and is "dangerously reliant on too few vendors." The UK and Australia, U.S. decision will accelerate the development of more vendors in international alliance to come up with alternatives. Other European governments face pressure from legislators in Germany, Italy, and France  to reconsider decisions on 5G. In the UK some members of parliament are critical of the long time given to phase out Huawei gear in 5G networks. 

 

LyrArc Article Gist
Johnson and Johnson vaccine is 66% effective in a single shot, a 44,000 trial study has shown. Remarkably it is 85% effective in serious illness and prevents all deaths 28 days after it is given. It is also shown to be as effective in serious illness and deaths in South Africa and 57% effective overall. The South African variant was a cause for concern in the second wave in 2021.

LyrArc Article Gist
A You.Gov poll taken for The Times in the last 5 days says 9 out of 10 Tory voters have decided who they will vote for as ballot papers went out this week. And 60% will vote for Liz Truss who has widened her lead to 34 points over Rishi Sunak. Tory party voters for the leadership by a majority or 53% say Boris Johnson should not have resigned. Only 41% say Boris Johnson should resign. Mr. Johnson supported Liz Truss, as do most of the cabinet.

When asked who can get Tories a majority in the next election Truss at 39% has a 20 percentage point lead over Sunak. From this it appears that if Tories themselves and not the cabinet had decided Boris Johnson would still be prime minister, and Liz Truss takes on the premiers role with the same style and spirit of Brexit that Johnson brought to the role and would consider Mr. Johnson as part of the close advisers.

LyrArc Article Gist
It may come as a surprise that changing retirement age in France faced huge opposition yet was enacted into law for moving it from 62 years to 64  years in 2023,  but was never acted upon in China where it is 60 years. China raises its retirement age for men to 63 years from 60, to be done incrementally a few months at a time till 2040. For women it goes from 50 to 58 years, 55 years for blue collar workers. Why the hesitation. It appears that there is much age related discrimination in China so that many workers feared they would be laid off in their fifties and not get pensions till 60-64 years. This could have created much unrest as it did even in France where there is more discrimination for age than other parts of the EU.  When countries have aging populations do they have an alternative? How could they support pensions at 60 or 62 years as in France and in China? In China the social safety net is weak which leads to more resistance and caution by the government fearing unrest. Yet it is not the best time to tackle this problem as the economy slows, resources are constrained, and there is higher unemployment. ...

LyrArc Article Gist
Aging does not happen gradually but happens in waves at early 40's and early 60's and at 78 years, say Stanford scientists. This means we should be proactive and act by having a regimen of exercises that we take extra care to do when we are at these ages so that we compensate for rapid muscle loss or other aging related issues including balance, posture, skin health, cardiovascular, and other health issues. Nutrition can also be geared to specific foods that will strengthen us.

LyrArc Article Gist
The Jal Jeevan Mission of Indian prime minister Modi had the goal of bringing clean water by taps in every home. Of 190 million homes in 2023, 116 million homes now have clean tap water. This is 60% of homes in 2023 compared to 17% or 32 million homes when the program was started by prime minister Modi in 2019 just before the pandemic. Jal Jeevan's safe supply of drinking water to 1.2 billion people is closely connected to health of people and diseases, epidemics,  in villages and towns in India. In this way it ensures the health of the rural population in India, a must do of basics for development in India, that had never been tackled from 1947 to 2019. With much of it accomplished during the pandemic itself, and the target date set for 100% completion by 2024- the biggest achievement since independence. To day it is not just supply but how to maintain the supply of good fresh water using education of people in rural areas as part of the effort, and programs for preserving and storing fresh water. Programs are thought out in a broad context to include next generation technologies, water conservation and storage. ...

LyrArc Article Gist
How should airwaves be given out for 5G- auctioning the spectrum to the highest bidder or letting government own it and rent it out to private companies so that national security interests are better protected and companies have broader access.

LyrArc Article Gist
Huawei faces competition in 5G technologies from Ericsson, Nokia, Samsung, Apple and Japanese companies. Ericsson and Samsung are gaining share, and Japanese companies are doing new research in the field.

LyrArc Article Gist
Climate change and increase in carbon dioxide in planetary atmosphere can increase hay fever, asthma and allergy symptoms by 60%. Experts discuss the implications for forecasting weather patterns and pollen count.