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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.

Global Minimum Tax Deal Advances With Partial Reprieve for U.S.-Based Companies

  
WSJ - 02.02.2023 Original article ›
Richard Rubin
LyrArc Article Gist
With a divided Congress the US will not be able to implement the minimum tax negotiated by the Biden administration with other countries. Now the global minimum tax is moving ahead. The OECD spelled out how the minimum tax implemented in the European Union, UK and South Korea will interact with the US tax system. Under the minimum tax system negotiated by Janet Yellen of the US nations agreed to adopt the 15% tax on their home country companies. France for example would require a French company to pay at least 15% on its operations in the UK, US, or anywhere else.

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Federal Reserve Approves Fourth 0.75-Point Rate Rise, Hints at Smaller Hikes

  
WSJ - 11.02.2022 Original article ›
Nick Timiraos
LyrArc Article Gist
The US central bank, the Fed, signals smaller rate increases in the future after another rate increase of 0.75% in November 2022. "It is very premature to be thinking of pausing. We have a ways to go," says Fed chairman Jerome Powell. He added that - "the question of when to moderate the pace of rate  increases is now less important than the question of how high to raise interest rates and how long to keep monetary policy restrictive." The move raises rates in the US to between 3.75% and 4.0%. Rates could go up to 5% in 2023.

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Will Lifting Title 42 Cause a Border Crisis? It’s Already Here.

  
NYTimes.com - 12.29.2022 Original article ›
LyrArc Article Gist
Title 42, a Trump administration rule made it possible to send back migrants from Guatemala, Honduras, El Salvaor and Mexico now accounts for only 40% of immigrants, the rest are from other countries such as Nicaragua with which the US has no relations for sending people back. People from countries such as Russia, India are also crossing the border in this way. The US Supreme Court recently ruled that Title 42 cannot be terminated till it has looked at in more detail. The result is that people from many countries have crossed the the US border with Mexico in large numbers in 2022.

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Is modern life ruining our powers of concentration?

  
The Guardian - 01.01.2023 Original article ›
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About 47% of 2000 respondents in a King's College London study agreed that "deep thinking" has become a thing of the past. 42% said the attention span is shorter than it used to be. Elle Hunt in The Guardian provides this timely reminder of what distraction is doing in modern life shortening attention spans and affecting concentration. Experts say the first step is to accept that our attention like our time is finite and we have to choose, and decide where to invest it. Finding a balance that reflects our circadian rhythms is essential.

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Germany Goes Ahead With First LNG Terminal to Cut Dependence on Russian Gas

  
WSJ - 03.06.2022 Original article ›
LyrArc Article Gist
Germany's state development bank KfW has signed a memorandum of understanding with German energy company RWE AG to build a new LNG terminal at the northern port city of Brunsbuttel. Netherlands infrastructure group Gasunie will operate the new LNG terminal. The Nordstream 2 $11 billion project is now set aside and Germany plans to use the LNG terminals and other sources outside of Russia. Germany commissioned its gas market trading hub to buy LNG of 1.5 billion euros. 

Germany will now fast track another LNG terminal on the North Sea at Wilhelmshaven. That terminal would be operational in 3 years. 

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Midtown Manhattan With Fewer Office Workers: Imagining the Unthinkable

  
WSJ - 03.22.2022 Original article ›
Kate King, Roque Ruiz, Konrad Putzier | Photographs, Video By Jose A. Alvarado Jr. For The Wall Street Journal
LyrArc Article Gist
New York city officials are facing up to the reality that midtown Manhattan, a party of the city that is made up of office commuters, may never be the same. Offices in midtown are attracting about one third of their pre-pandemic workforces. Midtown is home to about 11% of all office inventory in the US, employing 1.6 million workers, a third of all New York city jobs and contributed two thirds of the city's gross product. Before the pandemic three years ago, an estimated 2.6 million worked in the borough of Manhattan, 70% of whom commuted from other parts of the city or suburbs.

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Original article 9 minutes, gist 1 minute

Inside the Massive and Costly Fight Against the Dixie Fire

  
NYTimes.com - 10.11.2021 Original article ›
Brent Mc Donald, Sashwa Burrous, Eden Weingart, Meg Felling
LyrArc Article Gist
The NYT looks inside the fight against a million acre fire in California. Fires were fought in previous years against hundred thousand acre fires. A million acre fire is something else. It cost $610 million over 3 months to fight the Massive Dixie fire in California, according to the head of CalFire. It took thousands of personnel, hundreds of bulldozers, aircraft and other equipment to fight the fire. Can the cost of fighting so many large fires be met in the future? Australia and California, Greece and other part of the world experienced unprecedented level of fires in 2021.

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Anthony Hopkins: ‘Most of this is nonsense, most of this is a lie’

  
The Guardian - 11.21.2019 Original article ›
Miranda Sawyer
LyrArc Article Gist
The Guardian has this remarkable story of actor Anthony Hopkins, who comes alive and get all his vigour and energy from just working and being happy to stay alive. He is acting for some sixty years, yet all he wants is to work and be humble about it, no pretenses, and he is 81 years. He just acted in BBC's King Lear and in Netflix's The Two Popes as Pope Benedict. He has taken up classical music composition and painting on the advice of his wife Stella of fifteen years, helping him relax and not take himself seriously.

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Original article 17 minutes, gist 1 minute

French pharma giant Sanofi to produce rivals’ Covid vaccines

  
The Times - 01.27.2021 Original article ›
Charles Bremner, Paris
LyrArc Article Gist
"Its a sign of the decline of the country, and this decline is unacceptable," says a key Macron ally, Francois Bayrou, who heads long term state planning. France lacks a vaccine developed by its scientists. France was a leader in vaccine technology and the world looked up to France for new medical breakthroughs. Something has gone wrong and this is causing soul searching in France and friendly countries. 

The Pasteur Institute was a leader in medical science. It has failed to develop a vaccine. Sanofi says it will be the end of the year 2021 when a vaccine is developed.

 

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Original article 1 minute, gist 1 minute

The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen.

  
WSJ - 06.02.2021 Original article ›
Gwynn Guilford, Sarah Chaney Cambon
LyrArc Article Gist
Households and businesses have built up trillions of dollars in extra savings and the economic recovery looks strong says this report in the WSJ. Experts expect the economy to pass pre-pandemic levels in the second quarter of 2021. From this point the economy can recover the pre-pandemic trajectory of growth for 2022. There is a bit of caution about another wave of the coronavirus with new more contagious variants considering that about half the population still remains unvaccinated. The US has enough vaccine supplies, it is the anti-vax sentiment that could be the problem. Even with this bit of caution the economy appears resilient.

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Original article 13 minutes, gist 1 minute

Delta Covid-19 Variant Is Dominant U.S. Strain, CDC Data Show

  
WSJ - 07.07.2021 Original article ›
Betsy Mc Kay
LyrArc Article Gist
Risks are increasing in the southeast and midwestern states in the US where vaccination rates are as low as 30%. The Delta variant of coronavirus is now the dominant virus strain in the US. It is highly transmissible, estimated to be about 50% more transmissible than the original virus. The region covering Missouri, Iowa, Kansas and Nebraska, as well as Wyoming is affected, in addition to the southeastern states, as these states have lower rates of vaccination and vaccine skepticism. As communities in the US and UK reduce pandemic restrictions and open for the summer the risks of last year are being brought up by experts. 

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Original article 3 minutes, gist 1 minute

Biden Vows Federal Help After Bridge Collapse in Baltimore

  
NYTimes.com - 03.26.2024 Original article ›
Reid J. Epstein
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."

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VW spent $2B to build America a charging network. It’s ranked dead last.

  
Washington Post - 12.15.2023 Original article ›
LyrArc Article Gist
VW's Dieselgate settlement required it to spend $2 billion on electric charging stations in the US to compensate society for air pollution caused by its faulty diesel engines. The Washington Post looks at these EV charging stations and finds many of these do not work. An author of a reliability study on charging stations Prof. David Rempel of UC Berkeley says there should have been more oversight as he considers it to be public money. About 80% of these charging attempts are successful at 4000 fast chargers run by Electrify America according to JD Power, and customer satisfaction is low.

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Original article 8 minutes, gist 1 minute

Why French farmers are up in arms: fuel hikes, green regulation, EU directives

  
France 24 - 02.01.2024 Original article ›
LyrArc Article Gist
French farmers problems with rising costs are leading to protests in Paris and its surrounding highways. France lost about 20% of its farms in the decade 2010 to 2020, about 101,000 farms. Another 200,000 farmers reach retirement age by 2026, what happens to these farms is uncertain given the prevailing environment where farming is seen as a struggle to mmet rising costs and regulations, increase in cost of diesel to meet climate goals. One farmer says in France 24 that many young people avoid self employment because they would end up making less than a farm worker, which should not be the case. 

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Germany: COVID contact tracing halted in several states | DW | 24.12.2021

  
DW.COM - 12.24.2021 Original article ›
LyrArc Article Gist
With staff shortages and the spread of omicron variant some German states are no longer doing contact tracing. Contact tracing is not happening in Berlin or Hamburg says this report in DW.com. The chair of the Federal Association of Doctors, Dr. Teichert, in an interview with RND says "comprehensive followup is almost no longer taking place at the moment." He also said there is a "massive fluctuation" in staffing levels for nearly two years. Experts even say that because of staff leaves and office closures infection rates will not be really known till later, a "sink into ignorance" says a medical statistician.

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Original article 3 minutes, gist 1 minute

Shrinking California Still Dreams, but More Modestly

  
NYTimes.com - 08.27.2023 Original article ›
Corina Knoll
LyrArc Article Gist
California is looking at population decline as it becomes a less attractive place to live with housing increasingly inaffordable, a split between low and high income population and fewer middle class, wildfires. As rents jump the median sale price of a single family home reaches an astounding $830,000.Corina Knoll of the NYT looks at the problems facing California as more people decide to leave the state and population drops to 39 million. California lost a Congressional district in the 2020 census and more could be lost in future. The swing in conditions between floods and wildfires has affected the environment.

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Biden wants network of 500,000 EV chargers. Two states are getting a head start.

  
Washington Post - 11.11.2023 Original article ›
LyrArc Article Gist
In 2023 there are 4.3 million electric vehicles on American roads and 150,000 public charging ports. President Biden's goal is for 50% of cars to be EV's by 2030 with 500,000 public charging ports. The National Renewable Energy Laboratory affiliated with DOE forecasts need for 1 million charging ports. Ohio and Pennsylvania are leading the way in a slow start with other states joining in. A single public charging port can cost about $150,000. It will cost $31 billion to $55 billion to build the public portion of a national charging network. About $24 billion is planned investment.

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Original article 7 minutes, gist 1 minute

How a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI

  
WSJ - 11.22.2023 Original article ›
Robert Mc Millan, Deepa Seetharaman
LyrArc Article Gist
The internal feuds within Silicon Valley about ideas of altruism that support unlimited personal pursuit of profit including monopolistic behaviours, in the measure of their greed. And the presentation of lack of personal involvement in such gains by calling it altruistic. This justifies and puts a neat face on unlimited personal wealth creation in Silicon Valley at a time of great inequality and poverty in America. The consequences can be seen in the crumbling infrastructure and transportation services in New York City compared to that in newly industrializing countries such as China and India, the result of misallocation of capital.

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Triple-Digit Heat, but No Electric Bill? For Passive Homeowners, ‘It’s Hard to Go Back’

  
WSJ - 08.04.2023 Original article ›
Nancy Keates / Photography By Bob O’connor For The Wall Street Journal
LyrArc Article Gist
Three homes built in Boston to show the potential of passive home construction that are designed with solar panels, heat pumps, wood construction, and modern technology design that minimizes loss of heat in winter and reduces temperature increases in the summer. The cost of the electricity bill for each of these three homes is nearly zero. Passive home construction cost is about 15% more or in this case $1.4 million for homes that would otherwise cost $1.2 million in the Boston area. The design and technological aspects can be incorporated in lower cost affordable housing and 40% of passive construction is planned in that field.

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China’s EV Price War Is Just Getting Started

  
WSJ - 04.24.2024 Original article ›
Jiahui Huang, Sherry Qin
LyrArc Article Gist
China has a loss in its construction industry, yet has worked hard to achieve a win in its EV industry, to bring the prices of EV's down to where it can be a people's car instead of a high end automobile. It is a win also for climate change and for getting European and US makers including Tesla to get their act together and make the cars at a price workers and ordinary people can afford. For this to happen for a level playing field the US government assistance to EV makers is essential to build America's industrial manufacturing base.

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The Right Way to Follow Your Passion

  
New York Times - 03.19.2019 Original article ›
Brad Stulberg
LyrArc Article Gist
A passion for doing something that interests you can be constructive or destructive both for satisfaction, rewards and health. It is destructive when it is obsessive, based purely on external rewards and recognition. It is constructive when it is based on well being, living productively, doing something harmoniously, absorbed in it because of how the activity itself makes you feel.

Its important not to judge yourself looking at others, but setting your own pace, on your own efforts. Focus on a lifetime of excellence, on a process, not a point in time result. Even embracing some failure for the opportunity to grow. 

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Opinion | The Road Back to Normal: More, Better Testing

  
WSJ - 03.29.2020 Original article ›
Scott Gottlieb, Lauren Silvis
LyrArc Article Gist
The commissioner of the Food and Drug Administration 2017-2019 and the deputy medical director of its medical device center, give their thoughts on how to setup a sentinel surveillance system that would help tackle coronavirus and future epidemics. The idea is to track an outbreak in real time, with results sent to central labs so that outbreaks can be contained early and the surveillance operates to isolate affected areas for treatment and quarantine. High quality data from specific locations in real time and testing to isolate small pockets of infection, with rapid and reliable diagnostic tools are critical parts of this system.

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Original article 4 minutes, gist 1 minute

Congestion Pricing’s Billions to Pay for Nuts and Bolts of Subway System

  
NYTimes.com - 05.06.2024 Original article ›
Winnie Hu
LyrArc Article Gist
Of the $12 billion in planned improvements for NY subway infrastructure this year only $2.9 billion will be spent in 2024. Congestion pricing is expected to generate $15 billion which is allocated to fund NY subway infrastructure. Lawsuits from the Governor of New Jersey and others now affect how much money goes into the subway improvements. This is not for a modernization of the NY Subway which would cost much more. It shows how year after year essential infrastructure is being starved of funding even as money gets allocated to non essential investments by capital markets in the US, and waste is rampant in capital market investments.

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At the G7, Biden Will Push for Frozen Russian Assets to Help Ukraine

  
NYTimes.com - 06.12.2024 Original article ›
Erica L. Green, David E. Sanger
LyrArc Article Gist
How do you rebuild the country Ukraine after so much bombing and continuing missiles in droves hitting the country? Most of the $300 billion in Russian assets are frozen in Europe and Europe does not want to violate international law to take over the assets. Instead it chose to give Ukraine $3 billon loan based on the interest coming from the $300 billion frozen assets. This is not going to do much as over $100 billion will be needed. The US Biden administration has a different plan. It is to use the interest to finance a loan of $50 billion from the EU and the US.

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Climate cash pours into election swing region. Will it help Harris?

  
POLITICO - 08.10.2024 Original article ›
LyrArc Article Gist
The title should be- "Eos Electric Battery Plant Pittsburgh region reviving old Westinghouse Plant Turtle Creek." The old Westinghouse Plant closed leading to deindustrialization. $386 million from the Inflation Reduction Act of president Biden is used to reindustrialize around zinc-halide Electric batteries that are produced by Eos with federal government support at this location, once a old Westinghouse plant that was closed. This report in Politico shows the investments in clean energy in the Pittsburgh region. Its not about helping Harris it is about reindustrialization of America, and competing with Chinese made electric batteries with newer technologies using Made in the USA.

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Original article 1 minute, gist 1 minute

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