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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.


Wall Street Journal Original article ›
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The 2010 census reveals significant changes in the population mix in the U.S. The number of Hispanic people increased significantly, especially so in the under 18 age group. The Hispanic population went up by 43%, increasing to 50.5 million in 2010, compared to 35.3 million in 2000. Overall Hispanics make up 16% of the U.S. population of 308.7 million. One of the striking facts in the change is that children under age of 18 make up one third of the Hispanic population compared to one fifth for the white population. Texas by itself added 979,000 people under age 18, with 931,000 being Hispanic. 92% of the population growth since 2000-of 25.1 million- came from minorities of all kinds. And mixed race is another major category with nine million people. Asian American population also increased, especially in major cities such as San Francisco, San Jose and New York. Overall 63.7% of people identified as white, 16.3% as Hispanic, 12.2% as black, 4.7% as Asian, 0.7% as American Indian or Alaska natives. New York and Washington saw black populations decline. Detroit dropped out of the top ten cities replaced by San Jose. Chicago's population declined, New York's went up by 2% to 8.2 million people. ...
New York Times Original article ›
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The struggles and triumphs over adversity and difficulties of Senator Olympia Snowe of Maine. Daughter of immigrant parents- a father who is a Greek immigrant and a mother who is a child of immigrants- Olympia is raised by an aunt who works at a textile mill in Maine in the 1950's, after losing both parents by the age of 10. She goes to the University of Maine where she studies political science. She marries a member of the House of Representatives from Maine, but her husband is killed in a car accident by the time she is 26. She decides to run for the Maine House of Representatives, and follows this by being elected to the U.S. House of Representatives in 1978. In 1994 she is elected to the U.S. Senate. Here she describes this experience of meeting personal tragedy with courage and faith.
https://www.hindustantimes.com/ Original article ›
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Each year the Shangri-La Dialogue in Singapore convenes to bring together Asian prime ministers, defense ministers, experts and journalists to discuss issues relating to Asia such as tensions on the Korean peninsula, terrorism, nuclear proliferation. In previous years the keynote address was given by prime ministers of Japan, Singapore, Australia, Thailand. The 2018 keynote was given by prime minister Narendra Modi of India. U.S. Defense minister James Mattis in his address described the free and open approach of the U.S. in its Indo-Pacific strategy contrasting it with China's policies. In Modi's address the key pieces of the Indian approach were outlined- a free open and inclusive space "from the shores of Africa to the shores of America," that includes the Indian and Pacific Oceans. Modi called Indo-Pacific not a strategy or a exclusive club, but a principle of freedom on the world's oceans based on rules and norms, respect for international law including for overflight and navigation.    ...
New York Times Original article ›
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Letters to the editor of the NYT cover issues with the Trans Pacific Trade Pact including worker protections, the right of corporations to sue the U.S. and other governments on actions that protect the public interest, and issues raised by past trade pacts.
The Guardian Original article ›
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Gary Yonge provides this exceptional report after spending a month in Muncie, Indiana, before the U.S. presidential election of 2016. He talks to different women in the town that is known as Middletown, representing midwestern America. Linda Hanson of the League of Women Voters in Muncie, says that just as the election of a black president brought out the latent prejudice of people towards blacks, in the same way the latent misogyny of people has been brought out by this election towards women. Part of the difference in how Hillary Clinton is viewed comes from partisan views such as coming from women in Republican organizations. A college professor at Ball State University who supported Sanders is ambivalent, hesitant about Clinton as representing the working class. A young college student who is progressive says she is voting for Jill Stein of the Green Party. In Whitely a black part of town, a young woman who works with children and in after school education says she is for Hillary. Sousa, 75, former spokesperson of the League of Women Voters say Hillary is being held upto a higher standard, and there is no perfect candidate among women as there is no perfect candidate among blacks, and sometimes this is used to deny rights or opportunities to women. Also prevalent is the divide among women of older age who have experienced gender discrimination and were denied rights from a younger generation of women who have not experienced this and have no idea about that time. Muncie elected a female Mayor in 2008. Others including a counselor at a women's shelter see a lot remaining to be done, that she hasn't seen women being treated with respect. Sousa of the LWV says its a lot about what the candidate will bring to the country and what she is able to do, not just being a woman, which is the way to tackle the country's problems. ...
New York Times Original article ›
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The increasing competitiveness of Mexico compared to China and India as an investment destination in 2013. Foreign companies are investing heavily in Mexico because of investment advantages in labor cost, supply of engineering and management talent, and proximity to the U.S.
Wall Street Journal Original article ›
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The International Energy Agency lowers its global oil demand forecasts on Dec. 11, 2014, leading to further drop in the price of oil with oil futures in electronic trading for WTI at $58.89 on New York Mercantile Exchange, and Brent crude at $62.83 on ICE in London, for January 2015. The price of WTI U.S. oil dropped to $59.95 on Dec. 11, 2014.
New York Times Original article ›
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Deutsche Post is reinventing itself for the digital world. Germany's postal agency sold off all but 24 of the 29,000 post office buildings. It is located within "partners" buildings, in banks, convenience stores, and in rural areas a shopkeeper or homeowner acts as postmaster. Because of the surge in online shopping Deutsche Post has expanded its package delivery. It acquired delivery provider DHL in 2002. Deutsche Post provides a model for the U.S. Postal Service as it faces a similiar transformation.
WSJ Original article ›
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Comments in the WSJ on the Trump - Putin meeting in Helsinki, and what the U.S. president should watch for in conversations and negotiations.  It says Mr. Putin's top priority is to shore up his prestige at home, to enhance his political standing. It says Mr. Trump is intent on showing the two countries can get along well but is skeptical of Mr. Putin's intentions on arms control and other issues. The efforts to increase the discord between the European Union and the U.S. are seen by the WSJ as Mr.Putin's effort to erode the will of the West to add to its capabilities. That any American president has to be wary of this effort especially in light of recent events.   From Mr. Putin's point of view the Russian economy is now in much better shape than when the "liberals" were running the country with a collapse of the Russian currency. The need to restore Russian prestige. That the expansion of the EUropean Union and NATO to the borders of Russia, and the situation in first Georgia and then Ukraine, required Russia to respond to protect its defense from foreign threats.This led to wars and intervention in Georgia and then Ukraine as part of Russian policy in response to advances of the West to its borders, and support of proxy governments in the Middle East. The response to economic sanctions was to turn to influence elections in the U.S. and Europe and the U.S. to soften sanctions. On the issue of sanctions this has not happened and the goal of Russia is to mitigate the effect of sanctions. ...
Wall Street Journal Original article ›
LyrArc Article Gist
Kessler says the assumption that pension systems such as Calpers (California Public Employees Retirement System), can make returns of 7.5% is fantasy considering that U.S. Treasury bonds are yielding 1.74%. Calpers reduced its expected rate of return on its portfolio to 7.5% fom 7.75% in June 2012. Public pension funds in Illinois use 8.18% for expected returns. U.S. public companies with defined benefit pension plan assets of $1.3 trillion use an expected rate of return of 7.5%, even though these assets have return of 5.6% since 2000. Kessler's estimate for expected rate of return is about 3%- fixed income yielding negative real rates of return and pulling returns down. For equities he estimates return at the total of inflation component at +2%, productivity component at +2%, and multiple expansion at -1% because interest rates are at zero.

Beyond Occupy

New York Times Original article ›
LyrArc Article Gist
Bill Keller of the Times talks to Kiran Bedi of the Anti Corruption Movement in India, and compares that movement with the Occupy Wall Street movement in the U.S.
Wall Street Journal Original article ›
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Guerrera describes the vital role that FDIC chairman Gruenberg's plan for unwinding failing financial institutions will play in tackling the "too-big-to-fail" problem facing the U.S. He points to the increasing importance of this after the failure of risk management systems at JP Morgan Chase bank.
The Times Original article ›
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BP's new strategy is to increase wind energy from 2.5 gigawatts in 2019 to 50 gigawatts by 2030, in the next 10 years. It will partner in  offshore wind projects in the U.S. done with Norway's Equinor. It will invest in 50% of leases with Equinor for $1.1 billion. Another $3 billion will be needed to spend on the first of four wind farms planned for New York and Massachusetts in offshore locations. It expects a 10% return on its investment.

France 24 Original article ›
LyrArc Article Gist
Finance ministries around the world are looking for ways to save their economies after the impact of coronavirus and economic aid packages in trillions of dollars have diminished finances. France says now more than ever a digital tax makes sense. An EU wide tax is unlikely because of Ireland where the low tax location is provided. Earlier attempts for equitable tax sharing have failed. One of the principal reasons may be that the U.S. does not get the taxes because of European offshore location.

WSJ Original article ›
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Foxconn Technology Group, largest assembler of iPhones, plans to reduce its dependence on Chinaby building plants in India. Foxconn head, Terry Gou, plant to visit India after next month. The continued trade tensions between U.S. and China are leading to many companies looking at diversifying their supply chains away from China.Manufacturing high end phones in India would help Apple get around the 20% tariff on imported phones because Apple is losing market share with its high prices. Foxconn already makes phones in India for Xiaomi. Foxconn is also looking at Vietnam.

BBC News Original article ›
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Two U.S. botanists coined the term "plant blindness" for the inability to see or notice the plants in one's environment. Limited interest in plants leads to an under appreciation of plants and their value in environmental health and in medicinal research.

Plants and trees are essential to an healthy urban environment. And 28,000 plant species are used for medicines of great value for health. This BBC article looks at the ways humans can increase their exposure and awareness of plants and green environments around them.

WSJ Original article ›
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President Trump wins two victories in his efforts to build a border wall on the southern border with Mexico and control the flow of migrants which he has called a national security crisis. The Supreme Court votes 5 to 4 to allow president Trump to use $2.5 billion in Pentagon funds to proceed building the wall. Mr. Trump also made an agreement with Guatemala where that nation will act a a gate keeper for people seeking to get asylum in the U.S. from economic problems in Central America.

DW.COM Original article ›
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As other countries imposed lockdowns including the U.S. and most of Europe, most of Asia, two countries Sweden and Japan continued to stall in restricting public gatherings and imposing lockdowns. Sweden's government is now looking at a U turn and imposing a lockdown. The government needs emergency powers to do this and it lack a consensus with the opposition parties to take this action quickly, says this report in DW.com. Japan is also looking at a lockdown to restrict the spread of the pandemic as cases mount.

Wall Street Journal Original article ›
LyrArc Article Gist
U.S. president Obama reinforces German chancellor Merkel's call for "a persistent presence in the Baltics," with a visit to Tallinin, Estonia, in September 2014. Obama told people in Latvia, Lithuania, and Estonia that he would work with the U.S. Congress to place more U.S. equipment in the Baltics and increase U.S. troop presence there. He stated the Baltics are "not post-Soviet" territory. Obama said at a concert hall in Tallinin about Russian support to separatists in eastern Ukraine- "It challenges the most basic principles of our international system- that borders cannot be redrawn at the barrel of a gun, that nations have the right to determine their own future. It undermines an international order where the rights of peoples and nations are upheld and cannot simply be taken away by brute force."
Wall Street Journal Original article ›
LyrArc Article Gist
This WSJ editorial summarizes the main reasons Republicans and many others object to increase in U.S. contributions as the IMF increases its resources under a new plan. The reforms increase the influence of Brazil, China, India, Turkey and other countries in the IMF governance. Also at issue is European influence that the U.S. sees allowing risky loans to countries such as Greece, where rules were relaxed under EU influence during the eurozone crisis. This topic of IMF reform will be coming up in the G 7 meeting of central bankers and finance ministers in Dec 2014 at Sydney, Australia, with the new U.S. IMF representative defending U.S. interests. The case for the reforms was presented in WSJ by Christine Lagarde, head of the IMF, and is part of the link.
WSJ Original article ›
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The White House gives details of a new Trade Agreement with Indonesia. There will be zero tariffs on exports to Indonesia of US goods. Indonesia will have lower tariffs of 19% on most products, and higher duties of 40% on goods that are sent through Indonesia to evade tariffs such as from China. Indonesia will place no restrictions on export of rare earth minerals. Indonesia will remove non tariff barriers by action to accept U.S. safety regulations for automobiles, medical devices and pharmaceuticals, and remove preshipment inspections for US agricultural products.

Its significance is that Indonesia is a producer of rare earth minerals giving US full access. Indonesia has a large population of 250 million and this opens up markets for US farmers. It means US energy products and pharmaceuticals, and aircraft makers have access to this market. Because of far flung islands Indonesia will need more Boeing aircraft as it modernizes.

New York Times Original article ›
LyrArc Article Gist
Investors such as hedge funds and mutual funds that are investing in U.S. mortgage backed securities in the hope of returns in the range of 6-12%. With the recovery in prices since 2010 some of these mortgages bundled into securities are going for about 70 cents on the dollar.
Wall Street Journal Original article ›
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This Journal editorial says Romney is cautious and conservative in his politics, and finds his ideas for a value added tax problematic. It sees the need for Ron Paul's supporters in a successful Republican campaign in 2012 and critical for governing in 2013, because of Paul's genuine desire for change to the status quo. Of Santorum the Journal says there is need to broaden the economic message beyond reducing taxes for manufacturing companies, and going beyond the moral fervor to show how he would revive the U.S. economy and jobs growth.
Wall Street Journal Original article ›
LyrArc Article Gist
The number of student loan borrowers in the U.S with loans over $100,000 has surged from about 1 million in 2010 to 1.82 million in 2014, according to the Federal Reserve Bank of New York. Th borrowers are graduate students who have piled up so much debt in the last decade that 40% of student debt of $1.19 trillion in 2015 is from graduate student debt. A major problem is that there are no limits to graduate student borrowing and the rates are higher because of bad loans in the system, increasing the size of the burden of student debt on individual borrowers rapidly, ironically at a time of low interest rates. This leaves borrowers worse off with unpayable student debt affecting them all their lives, taxpayers paying more, prudent student loan borrowers paying higher rates, and all the time reducing the pressure on universities and colleges to reduce costs for affordable graduate education. This is now a major problem in the U.S. and a major issue in the 2016 presidential election.
Washington Post Original article ›
LyrArc Article Gist
Monica Hesse gives this exceptional story of Gladys Ament, which is the story of American women as they voted in election after election after the 19th Amendment gave women the right to vote in 1920. In 2016 she is 96 years old and used an absentee ballot to vote for a first women president for the U.S.. Ament gives this touching and graceful account of a woman who lived through many presidents, and never failed to exercize her vote in every election held since the day she was born on Aug. 26, 1920. That day Tennessee became the 36th state to ratify the 19th Amendment giving it the majority needed to become the law of the land. This was the year Woodrow Wilson, a Democrat, was in office. Her story starts in a two room schoolhouse in Lonaconing, Maryland, population 2054, when America was largely rural and rapidly urbanizing. The girls did the housework and the boys worked in the coal country, and women were not considered to be the ones in the home to go to a college or university. She dated a man who worked for the phone company, and later was drafted in the war. She joined Montgomery Ward filling catalogue orders. Her first vote was for FDR in 1944, in reality for Eleanor Roosevelt. And then she voted for Harry Truman, who she liked for his plain talk manner. Then Eisenhower, Nixon, Humphrey, McGovern, Carter, as she fulfilled the role of a mother and teachers aide at a school for special needs children. Her husband was not sure her daughter Mary needed to follow the two sons to college, but she made sure Mary did even though tution money was tight. She loved the self-respect which came with working, she was patient. The opportunities came and it was Mary who pursued her education and became an administrator who also supervised men. Things had changed, nobody thought of it twice, what Gladys had struggled with was now the accepted way of things. Then came a granddaughter and by this time young women had more opportunities, and there were as many women in universities as men. Gladys voted for the first black president and then for a first woman president at 96, 96 years after the ratification of the 19th Amendment giving women the vote in America. After that election in which she really voted for Eleanor Roosevelt- who was all over the country making speeches and talking to people to bring hope during the Depression years- she could see the potential in a next woman as president. She had seen some of the 18 presidents who had led the country as good leaders and some not so good, some who were seen as good in their years in office but later seen as having done poorly, she could see that women could do just as well or better after all these years of her voting and learning. ...

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