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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.

Indian Premier League signs five-year television deals worth £5bn

  
The Guardian - 06.14.2022 Original article ›
LyrArc Article Gist
New five year broadcasting deals for the Indian Premier League that will bring in 5 billion pounds over five years. With 74 matches this comes to 14 million pounds per match, a record for world cricket and bigger than soccer. Disney's Star network gets television rights, TV18 and Paramount venture gets the digital rights. Much of this revenue will be used by India's cricket organization Board of Control for Cricket in India to build infrastructure and improve the experience of fans, spruce up facilities.

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U.S. Abortion Rate Ends Decadeslong Decline

  
WSJ - 06.15.2022 Original article ›
Jennifer Calfas
LyrArc Article Gist
The US abortions increased by about 9% from 2017 to 2020 says this report in WSJ, going from 862,000 to 930,000 according to the Guttmacher Institute. Some states expanded Medicaid access to abortions and increased funding, leading to more services being added. Illinois for example had 25% increase which may have included women from Missouri going to Illinois. If the Supreme Court reverses Roe vs. Wade, the 1973 precedent that established the constitutional right to abortion, 25 states would restrict or prevent the access to abortion.

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European Leaders Visit Ukraine as Kyiv Renews Calls for More Military Support

  
WSJ - 06.16.2022 Original article ›
Matthew Luxmoore, Stacy Meichtry
LyrArc Article Gist
In a show of solidarity with Ukraine Scholz, Macron and Draghi, leaders of the German, French and Italian governments go by train to Irpin and Kviv. The US promises an additional $1 billion in aid this week. The Ukraine war is now mostly fought in the east in the Donbas region and near the town of Severodonetsk where Ukrainian forces face artillery barrages from the Russians and have taken heavy casualties. The longer range rockets needed to counter the Russian advance have not yet reached Ukraine from the US.

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Empty Wall Street Offices to Be Revived as Apartments

  
WSJ - 06.21.2022 Original article ›
Rebecca Picciotto
LyrArc Article Gist
Office buildings are being turned into apartments in large American cities like this one at 55 Broad Street in New York City. Hybrid work has made the huge office space of daily commuters obsolete. Subways and transport is also used at a fraction of its capacity. The remote working trend is sending vacancies soaring in office markets in the US and in the big cities. Businesses using hybrid work are leasing less space and migrating to newer buildings with modern designs, good locations, outdoorsy feeling, and abundant amenities.

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Original article 3 minutes, gist 1 minute

Ukraine’s ammunition becomes defining issue in battle for Donbas

  
The Guardian - 06.27.2022 Original article ›
LyrArc Article Gist
The lack of Soviet era ammunition for older artillery from that period in the army of Ukraine puts Ukraine at a serious disadvantage in Donbas and eastern Ukraine. The war in eastern Ukraine is fought mostly with artillery. Soviet era artillery uses different ammunition than NATO artillery. Ukraine is now calling for NATO artillery to be sent by allies in Europe and the US so that its forces can be supplied with supplies of NATO ammunition. The US and Europe have been slow in providing NATO artillery to Ukraine.

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Young Workers Value Work-Life Balance. They’re Just Bad at It.

  
WSJ Supported by LYRARC'S WORK-LIFE BALANCE - 05.11.2023 Original article ›
Callum Borchers
LyrArc Article Gist
It is not enough to think highly about work life balance of people around us, one has to free oneself from the constraints that make it hard to achieve that balance. As shown by studies in Finland about entrepreneurs, 40% of people in one study crossed the line from workaholic to work addict. Worse making the addict a role model is damaging to the younger generation. Tesla CEO Musk is not a role model for a young generation that values work life balance. It is also essential for healthy living.

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Australia Tries to Break Its Dependence on China for Lithium Mining

  
NYTimes.com - 05.23.2023 Original article ›
Natasha Frost, Matthew Abbott
LyrArc Article Gist
About 53% of the world's lithium is mined in Australia and shipped to China, says this report in the NYT. At the Pilbara mineral mine in rural western Australia the ore is turned into spudomene that is 6% lithium, and is sold at $5700 a ton to China where it is refined into lithium that goes into batteries for EV cars. Australia is changing its mindset to refine more of it in Australia for battery supplies and how and where lithium is exported says this report. 

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Face It, That $6,000 Vacation Isn’t Worth It Right Now

  
WSJ - 05.24.2023 Original article ›
Dawn Gilbertson
LyrArc Article Gist
A lot has been written about inflation in car pricing. This is true also of airlines and hotels this summer. Dawn Gilbertson in the WSJ says the 2023 travel rush continues, hotels and airlines have pricing power, and inflation is squeezing budgets. The solution is to have Plan B destinations, shorter trips, and plan airline reservations in advance looking at different alternatives based on airline and alternative destination choices. Average daily hotel rates have jumped to $180 this year in the US, up 10% since 2022 and 15% since 2019.

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Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – business live

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The Guardian - 05.26.2023 Original article ›
LyrArc Article Gist
Food inflation in Europe is much higher than in the US, 5-10% in the US, Canada and Japan compared to 15-20% in Europe.  UK Chancellor Jeremy Hunt sees further interest rate increases better than the continuing instability and cost of living crisis from inflation in this report in The Guardian. A recent report in WSJ shows how this is a fourth shock in Europe after the supply chain bottlenecks, the jump in energy prices, the labor market shortages. Germany is in a mild recession.

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The Dollar Is Still King in Europe, and It’s Swaying Interest Rates

  
WSJ - 05.28.2023 Original article ›
Tom Fairless
LyrArc Article Gist
This report in WSJ shows how the US central bank, the Federal Reserve's increase in interest rates by 5 percentage points in the short space of 2 years affects Europe. It increases inflation in Europe as energy and many other products are priced in US dollars, with the strengthening of the dollar in relation to the euro. The dollar is $1.07 in relation to the euro. European Union is facing much higher inflation than the US. The German economy has slipped into a mild recession in 2023.

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GM Drains the Dregs of the Pandemic Boom

  
WSJ - 01.31.2023 Original article ›
Stephen Wilmot
LyrArc Article Gist
WSJ says GM straddles the past and the future. GM's plans to invest $11-13 billion each year for new electric vehicles. GM also plant to cut costs by $2 billion to maintain profit margins as car prices drop from higher levels. GM US largest automaker profit in 2022 kept up the pace of 2021 by remaining at over $14 billion. As car sales decline in 2023 GM plans to offer sales incentives and make up for this by cutting costs in corporate and other overhead.

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Opinion | ‘I will veto everything they send me.’

  
WSJ - 01.31.2023 Original article ›
James Freeman
LyrArc Article Gist
WSJ points out that the wealthiest 400 billionaire families in America pay only 8.2% in taxes on federal individual income taxes between 2010 and 2018, not the 3% it says president Biden has said. The average income tax rate in 2020 was about 14% says the WSJ. For higher incomes it was about 25%. All this happened while infrastructure, education and health remained woefully underfunded, with Tech companies egregious behaviour in not paying their fair share of taxes and massive misallocation coupled with low productivity of capital invested compared to infrastructure. 

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Budget’s good economics: No shadow of 2024, light of fiscal prudence — capex surge, tax savings for young and those retiring

  
The Indian Express - 02.01.2023 Original article ›
LyrArc Article Gist
Young people in the job market and retirees making less than Rs 60,000 a month will not pay any tax under the Budget for 2023 for India. Growth will be generated through capital spending on infrastructure improvements that is 33% higher in 2023 than in 2022. By keeping the fiscal deficit under 5.9% the government is encouraging private industry to invest for growth. This report in The Indian Express says the Modi government and finance minister Sitharaman are acting with fiscal prudence and yet maintaining momentum for future growth.

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Original article 1 minute, gist 1 minute

Cost of living: Argentina sees prices almost doubling last year

  
BBC News - 02.02.2023 Original article ›
LyrArc Article Gist
Argentina faces severe inflation of over 70%. The central bank raised its main interest rate to 75% to rein in inflation. In December 2022 the International Monetary Fund approved $6 billion, in a 30 month program that is expected to reach a total of $44 billion. The government of Pedro Sanchez has announced additional $10 billion in cost of living aid to take the total to $45 billion. It comes through reduced VAT and $200 one off payments to households making less than 27,000 euros a year.

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As Russia Strikes Ukrainian Civilians, Putin Tells His People the War Is Just

  
NYTimes.com - 02.03.2023 Original article ›
Michael Schwirtz, Anton Troianovski
LyrArc Article Gist
On the 80th anniversary of the Battle of Stalingrad against Nazi German invasion Russian president Putin says of the war in the Donbas region of Ukraine- "The legacy of generations, of values and traditions, that is what makes Russia different, what makes us strong and confident in ourselves, in our righteousness and in our victory." Putin sought to put the war in patriotic terms. This report in NYT shows a rocket attack on Kramatorsk in Donbas, about 20 miles from Bakhmut where intense battles are taking place.

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January’s Hiring Boom Caught Economists by Surprise. Why Forecasts Often Miss the Mark

  
WSJ - 02.04.2023 Original article ›
Austen Hufford
LyrArc Article Gist
The US added 517,000 jobs in January 2023. Forecasters had estimated only about 200,000. Much of the coverage focused on tech layoffs. Amazon for instance laid off 18,000 workers and it has a workforce of 1.5 million people. By comparison the US labor workforce is 168.5 million people. And there were 11 million vacant jobs by the end of December 2022, according to the US Labor Department. Some of the tech workers laid off were hired in other business. The labor market is also much larger than tech.

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Airbus Boosts Wide-Body Production, Increasing Pressure on Boeing

  
WSJ - 02.16.2023 Original article ›
Benjamin Katz
LyrArc Article Gist
Airbus boosts production of its widebody A350 jets from six to nine a month by 2025. The smaller 330neo will go from three to four a month. Both Airbus and Boeing have difficulties increasing production with an overstretched supply chain. Both airplane makers have late deliveries to customers. Boing is having problems increasing production of the 787 with the goal of making five a month shifted to the end of the year. The 777X aircraft the biggest to order is years behind in its development schedule.

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Opinion | America’s Longing for Authenticity

  
WSJ - 02.19.2023 Original article ›
Peggy Noonan
LyrArc Article Gist
Peggy Noonan asks why did she do it this way, and says Nikki Haley lacked authenticity in the manner she presented herself in her announcement to be a candidate for president from the Republican party. The words, the phrases, the action, she says were oddly stuck in the past, the way politics was done before 2023. Noonan calls the language used so tired, cliched and phony, when America looks for authenticity after the pandemic and a world struggling to find its bearings. 

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India to be net exporter of solar modules by 2026, says New and Renewable Energy Ministry official

  
The Hindu - 02.19.2023 Original article ›
Jacob Koshy
LyrArc Article Gist
Bhupinder Bhalla, the Secretary, Ministry for Renewable Energy in India, talks to The Hindu's Jacob Koshy about India's plans for solar panel manufacturing. He says a key bottleneck is reliance on Chinese made components such as poly-silicone wafers. Manufacturing these components in India is key for the health of the solar ecosystem in India. Once this is established- and Bhalla goes over the action being taken- India will be able to export solar panels by 2026. He expects 40GW to be fully commissioned in the next 2 years.

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Original article 4 minutes, gist 1 minute

Buy-in from players fuelled Erik ten Hag's Manchester United rebuild

  
The Athletic - 02.27.2023 Original article ›
Laurie Whitwell
LyrArc Article Gist
Hard work and discipline is a defining quality of the team Ten Haig is building at Manchester United. It helps to have Varane and Casemiro in defense. Haig was quick to respond after an interview given by Renaldo, sent Sancho to the Netherlands, and dropped Rashford for being late. Martinez was given only one day for partying in Buenos Aires after winning the world cup and he was back in Manchester. Ten Haig joins Mourinho as the first coach at Manchester United to win a trophy in his first season.

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Original article 1 minute, gist 1 minute

U.S. Pursues India as a Supply-Chain Alternative to China

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WSJ - 03.06.2023 Original article ›
Vivian Salama
LyrArc Article Gist
India is seen as critical for the US to develop alternatives to the existing supply chain where manufacturing is concentrated in only one country. US is positioning itself as a key supplier of defense needs of India through joint development and manufacturing in India. GE has a proposal to build jet engines in India, which Jake Sullivan, US National Security Advisor, calls just the kind of effort that will make it possible to rapidly build up the American relationship with India for advanced technologies and the supply chain in manufacturing. 

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Global Economy Gets Tailwind From Falling Energy Prices

  
WSJ - 03.12.2023 Original article ›
Tom Fairless
LyrArc Article Gist
Lower oil and natural gas prices are a big boost to the economies of the US and the European Union. Cost savings equal about 3.5% of GDP in Italy and 2% of GDP for Portugal, Germany, and Spain, according to Capital Economics. The price of oil has dropped to $77 a barrel from $121, falling below its pre Ukraine war levels. This boost could increase eurozone output by 1.5%, equivalent to about a years worth of growth. Instead of contracting by 1.3% eurozone economies are expected to grow by 0.7%.

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Epic Housing Booms Meet Their Match in Australia, Canada, New Zealand

  
WSJ - 11.06.2022 Original article ›
James Glynn
LyrArc Article Gist
House prices that went up by 532% in Australia, 602% in Canada since 1990 now face the prospect of decline by 20 or 30% after sharp increase in interest rates by central banks in the US and other countries. US prices were up 289% since 1990 by comparison. The Fed's moves could also lead to a decline in US home prices as mortgages become costlier. As many mortgages are not fixed in Australia and Canada the costs can increase sharply with rising rates.

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Could India Help Broker Peace in Ukraine?

  
NYTimes.com - 11.07.2022 Original article ›
Jeffrey Gettleman, Mujib Mashal
LyrArc Article Gist
Could S. Jaishankar borker a peace in the Ukraine Russia war. Mr. Macron thinks India's Jaishankar and Modi could help set up a peace agreement. Germany's chancellor Scholz visited Beijing and called for an end to the war with president Xi of China. Jaishankar India's most experienced diplomat with long periods as a diplomat in China, is expected to visit Russia for setting up the groundwork for a peace settlement even though its outlines are not evident at this time.

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Whitmer vaults into national spotlight with double-digit reelection win

  
Washington Post - 11.10.2022 Original article ›
LyrArc Article Gist
Democrat Gretchen Whitmer wins the race for Governor in Michigan with a double digit lead. Democrats also win the state house and Senate. This report in Politico looks at Whitmer and how she has helped change Michigan since the days of Trump's win in 2016. For Whitmer it is about delivering on good roads, infrastructure, investments in electric car production, and protecting women's rights. Michigan is on track to have fixed more than 16,000 lane miles of roads and 1200 bridges, according to her office.  

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Original article 8 minutes, gist 1 minute

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