LyrArc Article Gist
US economic growth was 2.4% in the second quarter of 2023. Even though the Fed increased rates at 10 consecutive meetings by 5% since March 2022 to tackle inflation the US economy appears strong. Large investments in the trillions of dollars in US manufacturing and infrastructure, tackling climate change is what is different this time compared to the past 2 decades when bad decisions were made with twin wars in the Arab and Muslim world, and the supply chain was transferred to China, investments were neglected in infrastructure, education and health in public goods, and capital markets allocated money with decreasing advantage to the economy. President Biden was in a unique position after the pandemic to take stock of all these mistakes and move the nation forward in positive directions in a decisive way in scale as well as in spirit and determination. That he has done so is more proof of the resilience of America.

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Florida Governor Bob Graham 1979-1987 work in investing in education boosting per pupil spending and investment in Flordia university system is similar to California Governor Pat Brown 1960-1968 who helped build the Cal State University system. Bo Graham covered the Kennedy-Johnson period of the sixties to the turn of the century, retiring in 2003 after serving in the US Senate for 18 years. His early upbringing was on a family farm in Florida. He is known for his effort to take on the roles of ordinary Americans for 100 days when he ran for public office. This period is a reminder of the changes in the democratic system, business and the economy since then with influence of lobbyists in Congress, tech monopolies, and the financial industry leading to crises since 2009, and wars in the Middle East that dissipated the Nation's resources that should have gone into replacing dilapidated infrastructure.

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Microsoft is calling for governments worldwide to enact regulation of facial recognition technology in 2019 so that it requires independent assessment of accuracy and prevents ongoing surveillance of specific individuals without a court order. Facebook and Google face questions on respect of privacy. Microsoft's president and chief legal officer, Mr. Smith, says delays could "exacerbate social issues" and stated that society is badly served by "a commercial race to the bottom."  Smith cited George Orwell's novel, "1984," in which a government tracks citizen's movements. China is using mass surveillance technologies. Smith says three areas of concern are racial and gender bias, privacy and mass government surveillance. Export of these technologies is also an issue being raised by many people. AI Now co-founders from Microsoft and Google are also raising questions about harmful effects of AI and its use by tech companies without regulation. ...

LyrArc Article Gist
 Mayor Reiter of Munich, Christian Kern, head of Austrian railway OBB, say here that the actions of Viktor Orban of Hungary gave the German government very little time, only a few hours, to act. The first motivation was to act in a humanitarian way, which is what happened. The German government had asked Orban to register and handle immigrants in an orderly way. In the end with the failure of Orban to do this, the immigrants who would have come north anyway, streamed into Germany and Austria in buses and trains. Clearly Hungary and Germany could have handled this better. The German public provided support with a large number of volunteers helping. One German minister is cited here as saying that if Orban wanted to build a fence he should have done it in a quiet way, as there are fences between Bulgaria and Turkey, and Turkey and Greece and it has not bothered anyone.

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Reports from automotive experts in Stuttgart show German car companies and suppliers are not well prepared for the competition in electric cars. Their leadership may not be taken for granted in electric car world causing threats to jobs, tax revenue and growth. It was in a Stuttgart garage that Daimler and Maybach invented the internal combustion engine 136 years ago in 1884.

The Institute for Employment Research of the German government prediction is that if electric cars make up 23% of all cars sold in 2035 the country would lose 20 billion euros in output, 0.6 percentage of GDP, and 13% of its 870,000 auto industry workforce. This is because China is emerging as a formidable competitor in electric cars and has invested heavily in this sector.

As in broad band infrastructure shown in a recent report in Lyrarc, Germany has failed to invest enough in electric cars.

LyrArc Article Gist
Latin America is hit hard by the pandemic. About 20% of the region's companies will close down or about 2.7 million companies, and loss of 8.5 million jobs. GDP decline in 2020 of about 10% is expected.

All the statistics of a fall in poverty in Latin America that used to be cited by economists have proved to have no good foundations. Even before the pandemic the economies of Argentina and Brazil were in trouble. The pandemic has worsened the situation. It shows how important it is for countries in Latin America to build on strong foundations of education, health care and good governance. With fall in trade and in tax income the debt to GDP levels are expected to go up from 57% to 70% and 30% drop in earnings coming from relatives overseas to support families at home, resulting in great difficulties. 

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This month president Biden signed into law 100% tariff on China made EV's and 50% tariff on solar panels. The Guardian describes the hollowing out of factory towns in England such as Sheffield and the same in the US and Europe, which was a disaster for these communities dependent on manufacturing. There is now a sense that heavily subsidized products made in Asia should not be allowed to deindustrialize the US and take jobs away from these communities across the US. Trade has to be fair before it can be called free trade. Wars in Asia,  trade that ripped up American manufacturing, monopolies and burdensome pricing of pharmaceuticals and healthcare, lack of investment in infrastructure and public services, shows the deeply flawed policy pursued by presidents from Reagan and Bush to Clinton and Obama that have reduced the standard of living of the American worker and the American people.

LyrArc Article Gist
Russian president Putin visit to China covered by NHK's Analysis. This is the first visit after being reelected for Putin. China's president visited European Union countries and Serbia, Hungary recently. China seeks to keep its relations with the EU and stabilize its economic relations with the US because of its weak economy. China benefits with supply of oil at better prices in its trade with Russia that has reached $240 billion, at a time it's economy faces a large debt burden and a collapsing real estate industry. It needs markets in the EU for surging exports of electric vehicles. Russia is also probably reassessing the situation in Ukraine to position itself for an eventual settlement, as China clearly has no interest in the war in Ukraine and seeks to limit any negative fallout from the conflict in its trade and economic relations with EU and US.

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This video report in WSJ says it is clear to see that rental is a better option for young people than buying at this time when home prices have gone up, and with it the monthly mortgage payment, in a way that is completely out of proportion to renting cost increase. The monthly mortgage payment increased between the second quarter of 2022 and the same quarter in 2021 by about 44%. Higher mortgage payments are a result of steeply higher home prices and higher mortgage rates. Buyers of homes also have higher property taxes in this situation. The median monthly rent payment went up by 10% in the second quarter of 2022 compared to the fourth quarter of 2021. There is a $600 difference between the median monthly payment for rent and the median monthly mortgage payment that can be invested by young people, says this report in WSJ, considering that home prices have peaked and are gradually coming down.

LyrArc Article Gist
Micheal Martin, prime minister of the Irish Republic, says the 2011 visit by Queen Elizabeth to Ireland helped in "lightening the load of history." A history which has seen the British rule over the island of Ireland since 1603. The use of Irish language was banned the period of The Plantations with British settlements began in the Northeast and south east, and of British law, leading to great resentment by the Irish. The Queen spoke words of Irish during her visit to Dublin Castle for state dinner and laid a wreath at the Dublin Garden of Rememberance, a park that is dedicated to the Irish men and Irish women who fought against British rule.  One of these Irish women is remembered in India as Sister Nivedita, who helped organize the early efforts of Swami Vivekanada's mission to revive the effort for practice of yoga and for Swaraj or self rule in British India.

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Rep Marie Perez 34 years, of Washington State, is one of the new members of Congress who feel there is a sense of disrespect for people without college degrees, that Democrats have to go back to the days of John Kennedy when a majority of voters without college degrees supported him. John Kennedy had more support from people without collrege degrees than with college degrees. In 1960 John Kennedy had 52% of people with high school education, 65 years later Biden had only 41%. The 11 percentage points gap is what is needed to be filled to bring the Democratic party back to what its core values are, core values lost after entry of Silicon Valley people and finance industry people into the Democratic party -muddying up the core principles of the Democrats since Woodrow Wilson and FDR from the 1900's to Kennedy in the 1960's, standing up for the rights and aspirations of workers and families.

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There is serious lack of depth in leadership in the Tory party today. Names proposed in The Guardian for Tory leaders after the July 4 election should Rishi Sunak have to resign are clearly short of what Britain needs in leadership. It depends on which Tory MP can hold on to his seat. Suella Braverman, Priti Patel, Kim Badennoch, James Cleverly, Tom Tugendhat, Penny Mordaunt, all lack what is needed to lead the Conservatives on July 5, 2024. This has been true all through the last two decades.  David Cameron, Boris Johnson, Theresa May, Liz Truss who preceded Sunak for most of the last decade were also lacking in leadership. The decade wasted with Nigel Farage and David Cameron, Boris Johnson trying to get Britain out of the European Union has hurt Britain. Today most Britons want to go back to a Britain that is growing as part of the EU and Europe. 

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Olympic gold prospect for England who had her left side paralyzed from a horse riding accident before her GCSE's. Georgina Brayshaw says she could only use her right arm and smile with half her face. From that event and after her mom had a stroke Georgina persisted and looked for ways to carry on with her life giving it her all. She went on to continue her studies and not lose a year for her GCSE's. Georgina who is part of the 4 woman England team that won the World Championships for Rowing in Lucerne  is now set for the Olympics in Paris. She says she took up the sport of rowing in university as most people said she could not do it. She says what happened to her wasn't good and it wasn't bad, it was just life. And that she was always taught that you just get back on and try again.

LyrArc Article Gist
Ski resorts in the northern French Alps in the Savoie region and the southern French Alps near Grenoble are easy to access with flights from the US and cost a fraction of what the ski resorts cost in the US in places like Colorado. About 4000 mountain ski resorts are owned by families or a municipality and have kept costs low. By contrast corporate consolidation has led to much higher prices in Colorado and other mountain ski locations in the US. 

During the summer and fall seasons these locations are attractive for hikers and cyclists and cost much less. 

Shown here are-

La Clusaz an hour's drive from Geneva, Switzerland with five sprawling mountains.

Obergurgl-Hochgurgl in Ausstrian Alps near Italy, the Tirolean region and culture.

Tignes, France about 2 and half hours drive from Lyon or Geneva.

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Investopedia's Hiranmayi Srinivasan gives the average year over year Consumer Price Index by president as prepared by the Bureau of Labor Statistics's Adrian Nesta, and offers discussion of each president and inflation rates from Eisenhower to Biden. The highest Jimmy Carter and Gerald Ford, both lost the election for second term. Nixon and Biden are next. Nixon survived the high inflation rates. During the Biden presidency something else happened the pandemic which made people feel worse and compare the preceding president's inflation rate at 1.9% compared to 5.7% average per year. 5.7% adds up to about 23% increase over 4 years. The worst part was that basic food items eggs, bread and other groceries may have been priced at much more than 23%, and with added burden of higher monthly rent as landlords increased rent by much more than 23%. This meant dipping into savings and money saved for a house, destroying the American dream.

LyrArc Article Gist
Left out in much of the media coverage is that Zelensky's popularity rating in Ukraine, after three years of war and everyone having lost at least one family member, is at a low of 16%, and most people prefer that he not run again for president, as reported in this In Depth report in The Times of London. After huge losses on the Russian side, Russia's economy on war footing and costs of the war, and on the Ukrainian side fatigue and losses with infrastructure badly damaged, there is only one way out with a negotiated settlement. Biden and NATO's support is mostly to give Ukraine a negotiating position for a settlement as a new president DJT takes office in the US, also looking for a settlement of the war not letting it drag on with nothing to gain for NATO or Russia.

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Donald Trump says of Susie Wiles who transformed his campaign with quiet determined old style demeanor-

"Susie just helped me achieve one of the greatest political victories in American history. She is tough, smart, innovative, and is universally admired and respected. It is a well deserved honor to have Susie as the first-ever female chief of staff in United States history. I have no doubt that she will make our country proud.”

Suzie says-

"There are changes we must live with in order to get done the things we’re trying to do."

“In my early career things like manners mattered and there was an expected level of decorum." From Lincoln to Eisenhower there was this level of decorum.

"And so I get it that the GOP (Republican party) of today is different."

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By large margins voters have favorable opinions of Harris and Walz. For 52% of the WSJ survey Harris has the right temperament to be president, for Trump this was 42%. 40% of voter sample have unfavorable views of Walz compared to 50% for Vance. 82% of the voter sample say they know enough information about Harris to make a firm opinion. Even though media presents it as people not so familiar with Harris. A big difference is seen in views about Project 2025- only 9% have favorable views of Project 2025 that would terminate civil servants, restrict abortion access, and end the Department of Education. 57% have unfavorable views of Project 2025, 53% very unfavorable views.

These are general trends. Harris is changing perceptions on her handling of the economy and cost of living by outlining her plans for specific action on housing, child care and food costs.

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How an Americano Roberto from Peru won election over Italian cardinal Parolin on May 9, 2025. Robert Francis Prevost was unknown to most of the Cardinals gathered from all over the world to elect Pope Francis's successor. What cardinals looked for was someone like Francis who was concerned about the poor, the homeless, and people struggling in society. They also wanted someone with managerial skills to run the vast organization that is the Vatican. The fastest growing part of the Catholic Church is in Latin America. The need was for someone who spoke Spanish and understood Latin America. Robert Francis Prevost met all these requirements in 2025. For most of its history, for 455 years, Popes were Italian. Pope Paul and Francis broke this tradition. Pope Leo XIV continues this effort to heal people's souls, and reach out to the marginalized and the struggling.

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This article is from The Guardian, September 6, 2019. Kevin Rudd, former Australian Prime minister on Murdoch's News Corp. and antagonism towards Australia's Labour party and towards climate change action, and to Australian broadband speed. Some creators of content are also unwittingly adopting strategies that pose other dangers to society, to competition, to an educated public, including News Corp. News Corp. (owner Fox News) strategy is to create affinity, to create communities for content. When actively done and pursued in excess by powerful creators of content such as News Corp. this leads to the fragmentation of civic society into groups not generated by honest discussion among civic minded people, but by revenue generating artificially created groups where the affinity is exploited by the creator of content as an outsider. This is inimical to society, education, honest discussion of civic minded people, and of democracy itself. ...

LyrArc Article Gist
US president Biden's State of the Union address comes at a new inflection point in history for the US, the European Union and India. The Ukraine crisis and setting the US response, as well as US response to the neglect of infrastructure, healthcare, social cohesion during the last two decades.

LyrArc Article Gist
Indian prime minister Modi launches the Master Plan for Indian infrastructure to promote multi modal connectivity and drastically cut logistics costs. This plan brings together under one master plan the plans of 16 ministries of the Indian government, the first time this kind of integrated plan for development has taken place.

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The first home testing kits approved by the FDA are on their way in coming weeks to healthcare workers from LabCorp, says this report in NYT. A test is done at home and returned in an insulating packet to the lab. Cost $119. President Trump says the testing costs will be reimbursed.

LyrArc Article Gist
Japan is staying ahead in vaccine development with 5 vaccines under development including 1 MrNA vaccine. Vaccine makers using Japanese research are Shionogi, Anges, Daiichi Sankyo, KM Biologics, ID Pharm. Shoionogi also announced in May that it is working on vaccine for variants of coronavirus. Japanese vaccines were recently sent to Taiwan.

LyrArc Article Gist
The Times concludes that neither Bolsonaro or Lula have the policies needed to put Brazil on the development and growth track. Both fell short of the 50% needed in the first round of elections. This election has been hotly contested in Minas Gerais and other states with the public evenly divided.