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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.

Russia’s Big Economic Problem: Not Enough Workers

  
WSJ - 06.15.2023 Original article ›
Georgi Kantchev
LyrArc Article Gist
Russian emigration and moving people to the warfront has led to shortages in the labor force. This is creating serious problems for its economy. The number of employees under 35 years dropped by more than 1.3 million to the lowest level since the 1990's according to one estimate. Hundreds of thousands of young people left Russia after the invasion of Ukraine. Sustaining the war requires huge manpower losses because it is on Ukrainian territory. This acts as a considerable constraint to increasing production in factories says the governor of the central bank, Elvira Nabiullina.

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Opinion | At Ford, Government Is Now Job One

  
WSJ - 06.22.2023 Original article ›
The Editorial Board
LyrArc Article Gist
A $9.2 billion loan from the US government supports US goals for achieving climate change by shifting from fossil fuels to electric vehicles. It also responds to China's subsidies to BYD and other EV makers with the US supporting its own EV manufacturers. WSJ criticism of the loan does not take into account  the need for the US to work with its industry for leadership in the technologies needed to fight climate change, and not fall behind other nations that support their manufacturing including China, South Korea and Japan with hidden subsidies and advantages.

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Trapped in the Crossfire of the U.S.-China Rivalry

  
NYTimes.com - 06.26.2023 Original article ›
Peter S. Goodman, Adriana Loureiro Fernandez
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Suriname a small country of 600,000 people near Brazil, joins other countries with debt problems such as Pakistan, Sri Lanka, Zambia, and others which have piled up debt borrowing with unsustainable debt payments. About 545 million borrowed from China and total $2.4 billion in debt accumulated. It is now negotiating with the IMF for $690 three year loan. The US says China has to agree to join in reducing the debt burden so that the cost of assistance does not fall only on the US as the IMF's largest shareholder. 

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Cheaper Natural-Gas Prices in Store This Summer

  
WSJ - 06.28.2023 Original article ›
Ryan Dezember
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The supplies of natural gas are making a huge improvement in 2023 over 2022 when the war with Ukraine led to the European Union scrambling to replace Russian supplies with LNG imports. The higher temperatures this past winter in the US and Europe have left ample supplies in storage with the unused natural gas adding to supply. The result prices are now half of what they were last summer bringing relief to people for higher energy prices. Summer prices for natural gas are expected to be about $2.84 per million BTU's.

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Why is spirituality correlated with life satisfaction? | Daniel José Camacho

1 Groups   
The Guardian - 11.12.2017 Original article ›
Daniel José Camacho
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Daniel Camacho reminds us that being spiritual increases life's satisfaction. It is about being constantly amazed at life and the world outside, and looking at it in new ways fired by spirituality and imagination. It is about the spirit, and it takes in everyday life and what we see in new ways. One can be non-religious and have spirituality, and be somewhat religious yet skeptical of some things in religion without being cynical and have spirituality. One in five Americans are spiritual, and many of these people feel inspired while reading a book or listening to music.

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Original article 3 minutes, gist 1 minute

On Himalayan Hillsides Grows Japan’s Cold, Hard Cash

  
NYTimes.com - 04.15.2024 Original article ›
Bhadra Sharma, Alex Travelli, Uma Bista
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A rare story from NYT that brings together Nepalese farmers and Japanese importers of a rare wood bark for banknote paper. Only 40% of Japan's banking transactions are elctronic, most are using banknotes or cash. Bank notes are made of wood bark called mitsumata in traditional ways. As Japanese farmers grow less of this bark it was sourced from mountains in the eastern part of Nepal. See how Pasang Sherpa is trained by Japanese from importer Kanpou in Japan to grow this bark which is shipped in large containers weighing tons to Japanese ports from Kolkata.

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Señora Presidenta: Mexico set to vote in first woman president - The 51%

  
France 24 - 05.24.2024 Original article ›
LyrArc Article Gist
Two women Claudia Sheinbaum of Morena party and Xochitl Galvez of National Action party are contesting the presidential election in Mexico in 2024. President Lopez Obrador is from the Morena party, he was former mayor of Mexico city and led the socialists to government in 2018 with his book presenting his message "Saying No to Corruption, Violence and Trump's Wall." He won by a landslide and during his term he targeted corrupt officials and worked with the US Trump administration, and now Biden administration on tackling migration and border issues.

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Analysis | This patient Republican has Biden by the ear, one night a year

  
Washington Post - 03.09.2024 Original article ›
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.

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Original article 7 minutes, gist 1 minute

Warren Buffett’s Berkshire Hathaway Slashes Apple Stake

  
WSJ - 08.03.2024 Original article ›
Karen Langley
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Warren Buffett's Berkshire Hathaway sold $75 billion in stocks in the second quarter 2024 including half of its Apple shares. It has now sold off most of its Apple shares. The cash level is now $277 billion in August 2024. The market is now recalibrating after tech stocks are going through skepticism. Berkshire is also trimming investmetn in Bank of America its second largest investment. Bufett says it is better to hold on to cash as he cannot find places "with very little risk that can make us a lot of money."

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As Hundreds of Churches Sit Empty, Some Become Malls and Restaurants

  
NYTimes.com - 08.04.2024 Original article ›
Ellen Rosen
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Eileen Lindner, author of a yearbook on American and Canadian churches, says 100,000 Protestant churches in the US will close by 2030. In the 1940's 76 percent of Americans were affiliated with some church, by 2020 that had declined to 47%. The result is a growing number of churches lacking young people. A large number of young people are not affiliated with any church and church attendance dropped during the covid pandemic. NYT looks at what happens when church space is repurposed for restaurants, hotels, theaters, office space, retail space, mixed use developments, affordable housing.

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China Coped With Trump’s First Trade War. A Second One Will Be Tougher.

  
WSJ - 11.15.2024 Original article ›
Jason Douglas
LyrArc Article Gist
China's share of US imports reached 10% in 2019. It collapsed during the pandemic after 2019. It then recovered in February-March 2021 to about 15%, and surged afterwards to 42%, and is down close to 15% in November 2024. The incoming DJT administration is bringing back a focus on tariffs- a tariff as high as 60 percent is unlikely as American companies are likely to oppose this. A smaller tariff increase of 20-30% would bring the share of US imports from China back to less than 10% that existed in 2019. 

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Meet Putin’s U.S.-Educated Dealmaker in Talks With Trump Administration

  
WSJ - 02.18.2025 Original article ›
Alan Cullison, Benoit Faucon, Georgi Kantchev
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Kirill Dmitriev who has a BA from Stanford and MBA from Harvard was educated in the US and worked for McKinsey and Goldman Sachs. He worked for the US-Russia Investment Fund funded by USAID during the early years in 1990's after fall of Soviet Union. And helped sell off media properties bought at that time for that Fund to the new government. He is now the head of the Russian Sovereign Fund.

He will be a key negotiator to be similar to Witkoff in the Trump team who has a background in real estate deals. 

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French PM Bayrou open to talks on contested pension reform

  
Le Monde.fr - 01.14.2025 Original article ›
LyrArc Article Gist
France's new premier Francis Bayrou says in a policy speech to parliament yellow vest protests need to be heard and the pension reform of 2023 with large protests can also be debated and renegotiated. It is an effort to bring together all parties after the alienation of the last 2 years. Macron raised the pension age from 62 years to 64 but did not first get the support nationwide that was needed. 

Bayrou raises the deficit target to 5.4% from 5% under the Barnier government that lasted only 3 months and failed to win parliamentary support.

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Original article 1 minute, gist 1 minute

Biden Joins UAW Picket Line Ahead of Trump Visit, Opening 2024 Election Fight

1 Groups   
WSJ - 09.26.2023 Original article ›
Catherine Lucey, Ken Thomas
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US president Biden joins a UAW picket line in Detroit. Biden says he supports the UAW in its wage negotiations for 40% increase in wages. Workers wages are depressed because of concessions made a decade ago to ensure the survival of the US auto companies. UAW leader Shain Fawn was elected directly by the rank and file members for the first time. He has gone back to the UAW's roots for strike action, as it seeks to reverse concessions on tiered wages and address the cost of living crisis. 

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Japan Is Unmasking, and Its Smile Coach Is Busy

  
NYTimes.com - 05.16.2023 Original article ›
Hisako Ueno, Mike Ives
LyrArc Article Gist
Three years of non stop mask wearing in Japan makes people's smile fade. Facial muscles no longer work the way they do. Exercizing facial muscles or doing yoga for the facial muscles can relieve the disuse. This is a problem not just for Japan. Key is to strengthen the muscles under the eyes and around the corners of the mouth by mild stretching using yoga or Japanese shiatsu exercizes.

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Australia Fires Push Some Species to the Brink of Extinction

  
WSJ - 01.14.2020 Original article ›
Stephen Wright
LyrArc Article Gist
The Australian bushfires may have killed more than a billion animals, according to estimates by Chris Dickman, ecology professor at the University of Sydney. The vastness of this year's fires leave some species little chance for survival. The government of New South Wales  state airdropped thousands of pounds of carrots and sweet potatoes to endangered brush-tailed wallabies that survived by taking refuge in the rocks.

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Original article 6 minutes, gist 1 minute

US secretary of state Antony Blinken calls on Prime Minister Narendra Modi | India News - Times of India

  
The Times of India - 07.28.2021 Original article ›
LyrArc Article Gist
Indian prime minister Modi says he welcomes US president Biden's strong commitment to strengthen India-US strategic partnership, and says it will be a force for global good. The first action planned on which discussions were made is how to make vaccine supplies accessible and affordable in needed quantities in Asia, Africa and Latin America. US and India bring technology and manufacturing knowhow to do this. 

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Original article 1 minute, gist 1 minute

What’s Happening in Afghanistan?

  
WSJ - 08.17.2021 Original article ›
James Hookway, Saeed Shah
LyrArc Article Gist
The WSJ looks at a mistaken conflict that did little for ordinary Americans, and wasted trillions of dollars while impoverishing large sections of  America's working class and middle class by ignoring domestic priorities for infrastructure, services, education and healthcare. Mr. Biden distances himself from past administrations responsible for the mistaken conflict and summons the courage to make the right decision for American families and working class Americans.

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Original article 7 minutes, gist 1 minute

What is the Covid winter plan to keep us out of lockdown?

  
The Times - 09.15.2021 Original article ›
Steven Swinford, Political Editor | Oliver Wright, Policy Editor
LyrArc Article Gist
Vaccine passports requirements for restaurants, music venues, and football stadiums will be kept as Plan B and introduced with just 1 weeks notice to deal with a surge in coronavirus. Opposition from Tory MP's who say this will create a two tier society and infringe on civil liberties, is the reason Boris Johnson is not following France, other countries in Europe, and the US, in introducing a vaccine mandate. 

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Original article 1 minute, gist 1 minute

Are Uber and millennials behind India auto slump?

  
BBC News - 09.12.2019 Original article ›
LyrArc Article Gist
India's Finance Minister Nirmala Sitharaman says the decline in the auto sector sales includes as one of the factors the shift by millenials to ride sharing app services such as Uber, Lyft and Ola. A bigger factor is the lack of financing as less credit is available with bad loans hitting the banking industry. The current economic slowdown in India includes a drop in sales of automobiles.

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Original article 2 minutes, gist 1 minute

As U.S. and Chinese Teams Meet on Trade, One Side Has an Edge in Expertise

  
- 05.03.2018 Original article ›
LyrArc Article Gist
The Chinese negotiating team after the changes in the organization at the senior ranks of the government under Jinping lacks the experience in trade matters of the U.S. team led by Robert Lighthizer. Liu He who leads China's negotiating team is an economist who has the confidence of president Xi Jinping. Lighthizer is a veteran of trade negotiations going back to negotiations he held with the Japanese under the Reagan administration.

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Four New Voters to Join Fed’s Key Panel Amid Rate-Increase Uncertainty

  
WSJ - 12.24.2018 Original article ›
Michael S. Derby
LyrArc Article Gist
Four veteran U.S. Federal Reserve officials, most of whom have said they support rate increases, will join the central bank's rate setting committee. Bullard, Evans, and Rosengren, have made the case for increasing rates to restrain growth. The question in 2019 is how fast and at what pace there will be rate increases. This will be watched carefully in developed and developing countries that are affected by U.S. central bank policies.

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Original article 5 minutes, gist 1 minute

Theresa May Offers to Resign as Lawmakers Fail to Break Brexit Impasse

  
WSJ - 03.27.2019 Original article ›
Max Colchester, Jason Douglas
LyrArc Article Gist
In a meeting charged with emotion Theresa May says she will not run again as a way to get support from a pro-Brexit MP's faction in her party that includes Boris Johnson and Jacob Rees Moog. Some members of this faction support exiting the EU even if it means no-deal is reached on future relations between the EU and Britain including agreement on membership in the customs union.

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UK suspends extradition treaty with Hong Kong 'immediately'

  
France 24 - 07.20.2020 Original article ›
LyrArc Article Gist
British Foreign Secretary Dominic Raab tells parliament the extradition treaty with Hong Kong is suspended immediately. Earlier Canada and Australia suspended their extradition treaties with Hong Kong. This follows China's tough new security law to quell protests in Hong Kong. Raab told parliament "we will protect our vital interests, we will stand up for our values, and we will hold China to its international obligations."

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Japan’s Economy in Deep Hole After Second-Quarter Plunge

  
WSJ - 08.17.2020 Original article ›
Megumi Fujikawa
LyrArc Article Gist
Japan's GDP fell by 7.8% in the second quarter of 2020 compared with previous quarter. By comparison for U.S. economy GDP was down 9.5% for that quarter. In Japan the increase in the national sales tax from 8% to 10% in October 2019 had already caused a contraction in the economy. It is uncertain how much the second wave of the pandemic will affect the economic recovery.

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Original article 3 minutes, gist 1 minute

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