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US massive misallocation of capital in AI 2026-2028 Articles

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.


France 24 Original article ›
France 24 Original article ›
dw.com Original article ›
dw.com Original article ›
dw.com Original article ›
LyrArc Article Gist
Tomiko Itooka is the oldest person at age 116 years and was born in Osaka in 1908, a life spanning the entire modern period in Asia. Of the 95,000 people over 100 years in Japan 88% are women. Itooka loved mountain climbing, had 3 children and four grandchildren.

WSJ Original article ›
LyrArc Article Gist
Tunku Varadarajan's interview with comedian Bill Maher. Democrats are now the upper class country club sort they were not during the FDR period with all the Silicon Valley and elite schools wanting to be a part of it, leaving the uncouth less literate to the formerly country club Republicans.  Maher cites Seth Moulton, a Massachusetts Democrat who says he has two little girls and is worried about transgender in sports, and yet was afraid to say it. That cost Democrats the election, said Moulton. On of these problems with the younger generation is that they have been indoctrinated into believing the worst, and this is true he says more about elite university graduates educated in factories that show America with emphasis on it's flaws. Maher says he gets critical messages just for talking to people who have different views. He dislikes this failure to reach out and talk to everybody- he calls this using a special term "people who hate me for who I won't hate." Maher says Democrats are giving him too much material these days. He calls himself an old fashioned liberals which is what some conservatives are today.     ...
BBC News Original article ›
BBC News Original article ›
The Guardian Original article ›
WSJ Original article ›
WSJ Original article ›
NYTimes.com Original article ›
The Times Original article ›
The Times Original article ›
LyrArc Article Gist
The average graduate in Britain is only making 1.6 times the minimum wage reducing incentives for education, 34,000 pounds to 21,000 pounds. Tution for athree year course is 28,000 pounds.

WSJ Original article ›
LyrArc Article Gist
Young people are having higher cancer rates by 2024 and this is linked to the higher use of alcohol and less fruits and vegetables more processed meat in their diets. Older people are seen as having lower cancer rates by comparison. Rates of gastrointestinal cancer for young people are increasing all over the world. Each generation of young people under 50 has a higher risk than the one before.

Light pollution from cell phones laptops and other devices is also suspected as it disturbs the body's internal clock, the circadian rhythm. Plastics small particles that get into water and air are also suspected.

WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
The narrowest of majorities in the House- just 1 vote for Republicans will require that every Congressman be present during a vote, and that not 1 Republican decides to do what he or she believes is the right thing to do. This will make it difficult to deliver on DJT's agenda says  this report in WSJ. 

On paper Republicans are 220 to 215 for Democrats. With resignation of Rep Gaetz  it comes to 2019 to 215. This means no more than 1 defection is possible for Republicans to pass legislation. Rep. Michael Waltz of Florida and Rep. Elise Stefanik of New York will become the National Security Adviser and US Representative at the United Nations, which means by February 2024 till new elections are held for these 2 seats the House will be 2017 to 2015. At that point a single defection would risk blocking legislation.

WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
Both presidents Biden in 2024 and Carter in 1980 faced high inflation that reduced their popularity, under Biden over 9% and under Carter 13%. Cost of living became a major issue as wage increases did not keep pace with inflation. WSJ attributes the inflation under Carter to policies of Richard Nixon and failure of the Fed under Miller and Volcker to control inflation. It attributes the inflation under Biden to Covid spending and on top of that the Spending under the Inflation Reduction Act and other bills passed to rebuild infrastructure. Biden and Fed's Powell did bring inflation down in 2024, and it had also to do with supply bottlenecks, opportunistic behaviour by retailers in 2022-2023.  A significant weakness for Biden was the Border and failure to act quickly under Homeland Security head Alejandro Mayorkas, against whom the Republicans started impeachment proceedings. Added to this was the continued flow of fentanyl destroying American lives. Another weakness was the unease of parents with policies on transgender. On foreign policy the Obama policy of funding Iran under the nuclear negotiated agreement increased risks for Israel and emboldened Iran. ...
WSJ Original article ›
LyrArc Article Gist
WSJ Explained looks at the House Speaker's election on Friday Jan 3, 2024. If one Republican vote joins Rep. Massie of Kentucky Mike Johnson cannot be reelected says WSJ. In that event Congress cannot ratify the election of DJT or Vance as president and vice president. On Jan 20 2025 Senate president Chuck Grassley would be made president of the US in such a situation.

WSJ Original article ›
LyrArc Article Gist
Thomas Massie's vote counts in a House where if only one other Republican were to vote with him Speaker Mike Johnson could not be reelected. What Massie disapproves of is the way Republicans under Johnson have joined with Democrats when facing division in their ranks on spending, Ukraine and other issues. He was easily reelected after attacks within his own party and from DJT, and he says about pressure to fall in line- "I don’t know how to say this without cussing, if they thought I had no Fs to give before, I definitely have no Fs to give now.” Thomas Massie is a MIT engineering graduate who has a solar powered house not connected to the grid which he built. He is also a member of Congress from Kentucky who supports the style and stands taken by Rand Paul of Kentucky on many issues even if it means standing alone. His wife Rhonda Massie is also a MIT graduate and Massie says that she is the source of his success. Rhonda telling him to pay attention to Rand Paul. His wife passed away last year and Massie says he has little to lose in standing up for his beliefs . ...
WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
What US companies did not get early on is that as China's economy advanced local companies could make the same products for less and innovate to take a big share of the market. Ford exited China and GM took  $5 billion charge on its China business. Chinese makers of cars, EV's, laptops and cell phones have the major share of the market. In 2024 US companies chastened by their experience and failing to compete in China are reticent about tariffs impacting their market share in China. Other reasons China was growing at over 10% in the last year of Obama's second term. In 2024 China is struggling to reach 5%.  Following Covid, housing industry collapse, as US and Europe block China's exports, China's public is growing wary of spending. There are only 800 Americans studying in China in 2024 compared to 11,000 in 2019. There are 290,000 Chinese students in US. ...
WSJ Original article ›
LyrArc Article Gist
It is shocking that San Francisco spends $700 million on homelessness with a lot of the money not getting people off the streets. There are large issues of how American society in 2024 had neglected the needs of large sections of the population, and not made investments in the right places, lost jobs from deindustrialization. San Francisco's new Mayor is Daniel Lurie of the Haas Levi Strauss jeans business family. His mother Miriam Haas is the billionaire widow of Peter Haas, descendent of Levi Strauss, who was president of the company. Daniel Lurie is taking a $1 salary, and his motivation for this job is to get San Francisco hit by high homelessness and crime, drug use, and office vacancy, back on its feet again. Levis Strauss was founded like Bank of America in this city on the west coast. Lurie found it hard to explain to his two children the homelessness and the dismal condition of parts of the city. He is helping hotel workers get a decent wage in a society that has created a huge gulf between the low paid with less and less access to things essential for a healthy life and people in Tech work who have vast surplus income for such access. It also means getting the police force down to 600 back up to 2000 and with good morale and public support to clean up the city. ...
WSJ Original article ›
LyrArc Article Gist
Only upto a point does money make a difference and only in an highly unequal society that comes around every 100 years at times like this. This comparison here is with top 10% and bottom 10% when cost of things have gone up tremendously. It is a poor comparison and validates a society that does not value health and character over money. In a more normal situation where incomes are better laid out across the population for decent access to a good life, public investment for health facilities in every town or section of large cities, and looking at people in the middle from 20% to 80% in the income distribution -it is the choices made how much to spend on fruits,  vegetables, ancient grains, and the educational access in a fair deal society that teaches one to make good food choices, avoiding processed foods and eating less meat and poultry, exercizing, and avoiding alcohol and tobacco, meditation, yoga and spiritual life, and use of public health facilities for exercise, can gradually add up to better healthier living at moderate incomes.  ...

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