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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 Economy Gets Tailwind From Falling Energy Prices

  
WSJ - 03.12.2023 Original article ›
Tom Fairless
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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
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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
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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 ›
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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

China Scraps Most Covid Testing, Quarantine Requirements in Policy Pivot

  
WSJ - 12.07.2022 Original article ›
Selina Cheng
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Just as Democrats and Mr Biden learned from the experience of earlier lockdowns in the US and opened up the US economy in 2021 and 2022, China is now taking its own steps to move away from its earlier policies that affected the economy with frequent lockdowns and tight restrictions. There are some risks but in the long run this could get China to a better place after the people's fatigue with lockdowns that is similar to what happened in the US getting the US to where it is today.

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California Long Ruled U.S. Shipping. Importers Are Drifting East.

  
WSJ - 12.10.2022 Original article ›
Paul Berger| Photographs David Walter Banks For The Wall Street Journal
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The port of Los Angles has a more than 25% decline in the number of containers that are moving through the port. The Port of New York and New Jersey has now overtaken Los Angeles as the main port of entry for shipping containers to the US. Ports that are gaining include Savannah in Georgia, Houston, and Charleston in South Carolina. Bottlenecks, supply chain disruptions and fears of a dockworkers strike in the west is leading to changes in how goods imports enter the US. 

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Original article 10 minutes, gist 1 minute

Russia's Central Banker Dismantles What She Built - The Journal. - WSJ Podcasts

  
WSJ - 04.14.2022 Original article ›
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Rebuilding the Russian economy with the help of investment from the US and Europe was a key job for Elvira Nabiullina at the Russian central bank and Vladimir Putin as head of the administration during the 10 years after the Yeltsin government from 1998 to 2008. Much of these gains may now be lost with the invasion of Ukraine, and the miscalculations of both western leaders Merkel in Germany and Bush-Obama and Mr. Putin as shown in a recent WSJ report on the miscalculations of the last 20 years.

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Germany set for bumper pension hike amid inflation surge | DW | 13.04.2022

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DW.COM - 04.13.2022 Original article ›
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This years pension hike of 5.35% in Germany is being completely eaten up by the inflation of 5.1% leaving pensioners in the same situation as before after many years when no adjustments were made. The catchup factor for meeting cost of living changes and inflation was put on hold by chancellor Merkel in 2018, another way social goals were not met under Merkel while infrastructure and child care were also neglected. Only now under a SPD Greens coalition are these problems of falling standard of living being tackled.

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Original article 3 minutes, gist 1 minute

GOP Sparring Over U.S. Role in Ukraine War Colors Ohio Senate Race

  
WSJ - 04.16.2022 Original article ›
Joshua Jamerson | Photographs By Andrew Spear For The Wall Street Journal
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The vote in Ohio in midwestern US for the Republican seat vacated by Rob Portman brings together voters concerned about crime, the Southern border and taxes. One of the candidates Mr. Vance, says problems closer to home are more important than Ukraine. This WSJ report looks at thinking in Ohio. About 88% of Republican have a negative opinion on Mr. Putin and 95% of Democrats. When it comes to helping Ukraine defend itself 35% of Democrats  and 62% of Republicans believe the US is not doing enough to help Ukraine defend itself.

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Opinion | The Stakes in the Battle for the Donbas

  
WSJ - 04.22.2022 Original article ›
The Editorial Board
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This WSJ Editorial Board view of the situation in eastern Ukraine in the Donbas region is that Russian forces aim to secure the whole southern region including port of Odessa and its link with global commerce. It says Russia seeks to also control Moldova, close to Romania, and would then be a threat to other NATO countries with significant Russian population. It calls for a vigorous program of military aid to Ukraine to prevent such a situation from happening before some sort of ceasefire takes place.

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Original article 4 minutes, gist 1 minute

biden: Jill Biden to meet Ukrainian refugees during border visit - Times of India

  
The Times of India - 05.08.2022 Original article ›
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Jill Biden visits refugee centers in Romania and Slovakia for Mothers Day. About 800,000 refugees have crossed into Romania from Ukraine. So far 6 million refugees have fled Ukraine for Poland, Romania, Slovakia, and other Eastern European countries. Jill Biden will spend Mothers Day visiting displaced families at a village in Slovakia near the border with Ukraine. Jill Biden said "its so important to the president and to me that the Ukrainian people know we stand with them." Jill Biden has said earlier that "their resilience inspires me."

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Original article 1 minute, gist 1 minute

ChatGPT Wrote My AP English Essay—and I Passed

  
WSJ - 12.21.2022 Original article ›
Joanna Stern
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What Joanna Stern doesn't say in the title when she says she passed is that she got C grades and could not contribute much to the AP English class she joined at a Secaucus, N.J. high school class. Grammarly to check grammatical and spelling errors is one thing and English essay writing using AI tools is another. Most of all it is about not learning even when it can be difficult. And some literary works such as Kafka's are difficult for most of us.

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India China Border News: China has constructed a 'sealed' road leading to within 150m of LAC ridge-line at Tawang | India News - Times of India

  
The Times of India - 12.22.2022 Original article ›
LyrArc Article Gist
The clash in Arunachal Pradesh comes from new Chinese roads in the area of the Line of Actual Control in the Tawang area. This Times of India shows the specific area and how the new Chinese capabilities replacing dirt roads with sealed roads is leading to clashes such as the one on December 9. India is only beginning serious infrastructure and roads in this region and in the entire border region with China in this decade. The coming decade will see an acceleration of India's efforts.

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Original article 1 minute, gist 1 minute

Do You Want to Buy a House in Canada? Not So Fast.

  
NYTimes.com - 01.01.2023 Original article ›
Michael Kaminer
LyrArc Article Gist
A ban on foreigners buying homes in Canada by the Trudeau government is intended to put a lid on house price increases. Immigration is increasing to Canada as Canada needs more people. About 3.5 million new homes have to be built in Canada to achieve house affordability for all. The government has proposed 465,000 new permanent residents in 2023 and 500,000 in 2025. Immigration from India and China and other Asian countries is the main source of permanent residents. The new infusion is needed as Canada's economy grows.

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Opinion | Water Is a Terrible Thing for California to Waste

  
WSJ - 01.17.2023 Original article ›
The Editorial Board
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Very little of the heavy rain and storm runoff from floods is being captured in California which has experienced many dry seasons and shortages of water, says this opinion in the WSJ. California has experienced 2 seven year droughts in the 20's and the 40's. The problem very little investment in public works in a state that was extravagantly spending on tech, starving essential infrastructure of spending. Economic textbooks talked of crowding out of private spending and investment, now we have crowding out of public spending on infrastructure.

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‘Joe Biden has been constantly underestimated’: Chris Whipple on his White House book

  
The Guardian - 01.21.2023 Original article ›
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The Guardian Interview with Chris Whipple, author of The Fight of His Life, on the Biden presidency. It says the inner circle is bullish about Biden's mental acuity and ability to govern. It looks at the changing relationship of Biden with Vice President Kamala Harris and cites Biden's view of Harris as "a work in progress." During the first year they were close. After the assignment for the southern border Harris came under severe Republican scrutiny and she is shown as not keen on that assignment.

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The Guardian view on Germany and Ukraine: a fateful hesitation | Editorial

  
The Guardian - 01.22.2023 Original article ›
LyrArc Article Gist
Growing pressure from within the government from the Green party and the FDP, and from the CDU in the Opposition party, for Chancellor Scholz of the Social Democrats to allow Poland to send Leopard tanks to Ukraine to stall Russian advances. That could lead to a return to peace talks and a settlement is also the idea behind additional military support to Ukraine. Western powers also seek to prevent any further losses on the Ukrainian side and show support after attacks on its electricity infrastructure left most of Ukraine in the dark.

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Russia-Ukraine war live: Ukraine confirms it has withdrawn from Soledar; Germany to send 14 tanks to Ukraine

  
The Guardian - 01.25.2023 Original article ›
LyrArc Article Gist
German chancellor Scholz finally approves 14 Leopard tanks for Ukraine. Shown here in this report is a graph of all the in service and stored Leopard tanks in individual countries of Europe including Poland, Spain and Finland which are ready to supply these tanks to Ukraine. Scholz says that he has acted with international coordination with the US. Ukraine says it needs a lot more tanks to face an expected Russian offensive and to initiate its own operations in coming months in the south and east.

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Opinion | Chinese Communist Cells in Western Firms?

  
WSJ - 07.11.2022 Original article ›
Dennis Kwok, Sam Goodman
LyrArc Article Gist
A directive from the Central Committee of the CCP, China's Communist Party is shown in this report in the WSJ that requires strengthening the work in corporate governance of the United Front Work Departments. This applies to foreign companies according to this directive in September 2020. This report says the European Chamber of Commerce in China has said that "this would have a considerable impact on business sentiment, and could lead foreign companies to reconsider future and even current investments in China."

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Original article 4 minutes, gist 1 minute

Parity Is Unlikely to Be the Bottom for the Euro

  
WSJ - 07.14.2022 Original article ›
Jon Sindreu
LyrArc Article Gist
Now that the euro dollar parity is reached what happens next. This report in WSJ shows there is room for more downside because of the weaker European economy. It says Europe had less of the covid payments to lower income groups and smaller payments than in the US. As a result this shows up in consumer spending. The parity with the dollar does not reflect the event of a shutoff of Russian supplies of gas to Germany. If this happens it will impact the euro further.

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The Guardian view on the Tory leadership contenders: not up to the job | Editorial

  
The Guardian - 07.14.2022 Original article ›
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Without Penny Mordaunt who is strong at the grassroots of the Tory party, the contest in the UK Tory party will come down to a contest between Rishi Sunak and Liz Truss, which will do no service for the Tories and no good for the country, says this editorial in The Guardian. But first Ms. Mordaunt has to pass the tests of the others allying against her, says The Guardian. The Guardian view is the the Tory party is incapable of uniting behind a leader, much less unite the country.

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WSJ News Exclusive | Redwood Materials Plans $3.5 Billion Battery-Materials Plant in Nevada

  
WSJ - 07.25.2022 Original article ›
Rebecca Elliott
LyrArc Article Gist
The US lags far behind in the making of the raw materials that go into making lithium ion battery cells. The most costly component is cathode materials. Mr. Straubel, a former Chief Technology Officer at Tesla who started Redwood Materials is planning to invest $3.5 billion in making the cathode material at its Reno, Nevada plant. In this WSJ interview he discusses various aspects of this venture as the EV industry takes off with large battery investments in the US by Korean and American makers in batteries.

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Annemiek van Vleuten claims Tour de France Femmes despite six bike changes

  
The Guardian - 07.31.2022 Original article ›
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Dutch cyclist Annemiek van Vlouten wins the Tour de France Femmes in mountainous terrain on the eighth leg of the tour and overall. She says her overall training experience, Annemiek is 39 years, helped her pull ahead. Other cyclists say she was  on another planet as they felt the strain of the climb and lost pace. Only 72 hours before Annemiek was not well and felt it was hard packing her suitcase. She also changed her bike 7 times says this report. Marianne Vos led through the early 5 stages.

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Mexico’s Cruel Drought: ‘Here You Have to Chase the Water’

  
NYTimes.com - 08.03.2022 Original article ›
Cesar Rodriguez, Maria Abi Habib, Bryan Avelar
LyrArc Article Gist
The growing city of Monterey, Mexico, near the American state of Texas, is facing severe shortages of water as shown in this report in the NYT. Seven years of drought except for 2018 have left the Cerro Prieto and other dams nearby mostly dry. Water is sent in by truck from outside the region. This is an arid region and the lack of rainfall comes at a time when the population is growing in this part of the country, which is the largest industrial state in Mexico.

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Opinion | The GOP’s Senate Primary Woes

  
WSJ - 08.01.2022 Original article ›
The Editorial Board
LyrArc Article Gist
Things may not turn out the way polls show is the subject of this editorial in the WSJ. Prospects of some Republican candidates for the Senate in Arizona and Missouri are not what they appeared before. The division among Republicans about the legitimate votes in the 2022 presidential election as an issue in the midterms is leading to a fragmented election effort. The Inflation Reduction Act of 2021 shows Democrats responding to the issue of inflation and climate change, leading to new questions about Republicans in the rest of 2022.

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