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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.


Iraq’s Last Chance

New York Times Original article ›
LyrArc Article Gist
Khedery describes the complete collapse in Sunni- Shiite relations under the Maliki regime and the Iranian influence in Iraqi politics in stark terms. It will take a near miracle, tolerance for religious faiths and opinion, and an exceptional leader, to turn things around and put the decades of misrule of Hussein and Maliki behind. Without that there can be no Iraq. Khedery goes into the misrule in a manner that American political and military leaders only talk about in a sparing manner so as not to make the entire Middle East policy look disastrous.
Wall Street Journal Original article ›
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Israeli concerns as the democracy protests lead to new elections in Egypt, and democracy protests take place in all parts of the Arab world. Veteran correspondent Ted Koppel talks to Israeli leaders in Jerusalem. They tell him their first concern is Iran, which they see benefitting from the changes in the Middle East. They would like to see a Marshall Plan for Egypt- continuing U.S. aid to Egypt to maintain economic progress there. They are watching the situation in Libya and Syria as it evolves. The Israeli leaders also tell Koppel that they would like to see the U.S. make a commitment to Saudi Arabia, if the survival of the Saudi governmet is at risk. In Saudi Arabia and elsewhere, Israel sees Iranian influence as the larger risk.
WSJ Original article ›
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Homes built entirely from wood using cross laminated timber is popular in northern Europe but hardly known in the US. One such home is shown by WSJ  for a couple who built it in Bend, Oregon after moving out of San Francisco to the high desert region of the Cascade mountains of Oregon. It uses a simple design and no hallways because of the nature of building from cross laminated timber. Architects chosen to build it after several botched efforts had a branch in Oslo, Norway, where such cross laminated timber homes are common. Timber is also chosen because of its low carbon imprint compared to the use of cement, concrete or brick.

DW.COM Original article ›
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German industry is finally accepting the government's shift out of cheap Russian energy. Robert Habeck Economy Minister proposed a plan for putting a cap on domestic heating and a gas incentivizing scheme for industry. Under the scheme industrial customers who reduce gas consumption get paid by the government. The head of the Federation of German Industries Siegfried Russwurm, says every kilowatt hour counts, we need to reduce gas consumption as much as possible." The use of coal is temporary, the renewable energy goals are more urgent than ever and phase out of coal by 2030 will still take place says VDMA,  the German mechanical Engineering association.

WSJ Original article ›
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The meeting of G7 leaders and of leaders from India, Indonesia and Argentina, South Africa, ended with a sense that economic sanctions the preferred tool against the Russian invasion are not working after 3 months. Discussions with India, Indonesia and other poor countries show the need for the developing countries for access to their large populations of oil at reduced prices from the recent skyrocketing prices. With oil and energy purchases made by China and India and other poor countries for reasons of price discounts from $125 per barrel oil, Russia is able to sell oil in other markets making up in price for the drop in volume. 

WSJ Original article ›
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The US dollar is rapidly appreciating against currencies such as the Indian rupee, the Japanese yen, the euro and the pound. The aggressive interest rate policy in the US and investor sense that the US central bank will take action against inflation is one reason the US dollar is stronger and will continue to strengthen in coming years. The weakness of emerging market currencies, the Bank of Japan's policy to continue keeping interest rates low, and the stronger US economy vs the European economy as Europe struggles with a war and cutoff of energy supplies from Russia, are other reasons for a stronger dollar in 2023 and beyond.

dw.com Original article ›
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About half of the people in a FES/ Bonn University report say they are fairly or very satisfied with German democracy. Skepticism about democracy is highest among people with less education and income. This is why the author of the study Handrych is concerned about social cohesion. As in the US with Biden the Greens Habeck and SPD's Scholz have to meet the challenge of social cohesion, a challenge put up by our times and the economic changes of the last few decades with the inequality of wealth. And the need for governance to serve the interests of all the people, not just a few that do well.

WSJ Original article ›
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Social media is doing irreparable damage to health. Julie Jargon in WSJ says self-harm, sad posting, disordered eating videos abound on TikTok. It's worse because it is doing the most damage to young people. When only 20% of 8th graders can get a passing grade in civics and history, most can't read proficiently, what does social media like Facebook as shown in a WSJ investigation, and TikTok as shown here do but damage health, damage global literacy levels, hurt democratic forms of government that require civic education, limit exercize and outdoor living, and the ability to think or concentrate essential to lead a healthy productive life? 

dw.com Original article ›
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Chancellor Scholz tells the German parliament before a special EU summit-that Putin "will not achieve his goals in Ukraine, not on the battlefield, not through a dictated peace." He responds to the Russian Defense Ministry claim that the western tank supplies are drawing NATO into the conflict and could lead to an "unpredictable escalation." Scholz said- "It is not NATO in war against Russia. It is Russia's invasion of Ukraine."

"From the first day of the war our strongest characteristic lies in our cohesion. We simply will not allow a country to invade another and disrupt peace in Europe."

The Guardian Original article ›
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The school shutdowns had a severe impact on UK school children. 41% of UK school children in grade 6 left school without reaching expected standards in literacy and math, in the first school year after the shutdowns. This means 275,000 11 year old children will be without the foundational skills and suffer the effects of a lack of social mobility. About 1.5 million children in UK are suffering from undeveloped speech and language skills following the pandemic. The Guardian says the Treasury Department under Rishi Sunak turned down a15 billion pound pandemic recovery program for education says The Guardian. Much now depends on parental participation to build needed math and language skills, sy experts.

WSJ Original article ›
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The drop in IPO capital and venture capital is a sign that there is a new awareness of the importance of capital for public investment in infrastructure, manufacturing, and in health and education with the active participation and direction of the government and support in the US Congress. This is happening as there is a sharp decline in the productivity of capital invested by so called "tech" companies. And science and technology investments directed with government support are needed in new scientific advances for chip manufacturing. Other technological developments such as solar panel manufacturing to tackle climate change also need much capital, and electric car fueling stations for EV's.

BBC News Original article ›
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US president Biden signs legislation that gives rail workers in the US paid sick leave and 24% higher pay, $5000 bonuses in series of annual payments, and 7 days paid sick leave. The death of a rail worker because of paid sick leave and the stagnant wages of rail workers led Congress to act. Workers now feel they are being heard in the Biden presidency with Democrats control of the Senate and close contest for the House of Representatives. A rail strike would have hurt other working families said president Biden, and Congress acted in a timely manner to prevent losses to the economy of an estimated $2 billion a day from a rail strike.

NHK WORLD Original article ›
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NHK World- Japan's Zero Waste Life video series shows practice of responsible consumption and production for zero waste lifestyle. Since ancient times the Japanese have believed a life force exists in all creation. It is an essential component of climate change action today. This one shows Li Riu's sewing school teaching students how to remake adult clothes into kids wear. Items that could end up in that disposal heap in the Atacama desert in Chile are transformed into clothes for their own children. Her place is full of laughter for mothers and children alike says the author. Click on Original Article for the NHK video.

WSJ Original article ›
LyrArc Article Gist
US public companies, manufacturers and retailers that make up more than half of the S&P 500 index, came out with strong sales per share of 24% increase in 2022 over 2019. This means slower growth is expected ahead in 2023, says Justin Lahart in the WSJ.  The shift to consuming more services such as dentist visits and tourism from buying washing machines and appliances will mean slower sales for these large companies that are manufacturers and retailers. Fed chairman Jay Powell's higher interest rates will also limit growth in sales in 2023. Overall the US economy may barely skirt a recession, and this depends on which forecaster one talks to.

WSJ Original article ›
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France plans to increase military spending from 295 billion euros to 400 billion euros for 2024 to 2030. Some of this will come from reform of the pension system that takes up 13.1% of economic output by raising the retirement age from 62 to 64 years. A million people protest in Paris on Jan 20. One of the problems in implementing this is that in France there is significant age discrimination for jobs compared to Germany and other countries. This means workers would have to wait longer for pensions even workers with good qualifications looking for work. Efforts to tackle this cultural issue with companies biased against older workers are lacking.

France 24 Original article ›
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In his Bastille day interview French president Macron says Russia could cutoff all gas supplies to France at any time. He says "we will do without Russian gas completely." France gets about 20% of its total gas imports from Russia. Norway, Qatar, Algeria and the US are adding to gas supplies to France. France expects to have gas reserves filled to "near 100 percent by the autumn." In the event of a protracted war France will continue western sanctions against Russia and help Kviv defend its country, said Macron.

France gets 70% of its energy needs from nuclear energy. France will continue to invest in nuclear energy.

WSJ Original article ›
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Senator Manchin wants other countries or regions such as the European Union to go first with the global minimum tax of 15%. Holdouts Poland and Hungary have not agreed to the 15% tax in the EU. After that the US could follow. Mr. Manchin is a Democrat whose vote is needed for Congress to pass the legislation. Currently the tax is set at 10.5% after legislation passed by president Trump.

Much of the funding for HEIRS - for Health, Education, Infrastructure, Retirees and Society- has to come from better collection of taxes, so that everyone pays their fair portion of taxes which tech companies are not doing in the last decade. 

NYTimes.com Original article ›
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The NYT's Motoko Rich and Hikari Hida look at the relationship between Shinjo Abe and Fumio Kishida of Japan. Both entered parliament at the same time in 1993, and both are sons and grandsons of members of parliament. Mr. Abe took the lead and when it resigned in 2021 Kishida was not his first choice to succeed him in the Liberal Democratic Party, Kishida sees increasing defense spending as on of the realities of the changing situation in Asia and the Japanese public now supports this. Kishida is pursuing a different economic policy with an effort to reduce economic inequality which he sees as a problem similar to the US and Europe.

WSJ Original article ›
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India is a frugal innovator producing satellites for space at a fraction of the cost. NASA sent Maven, a probe to Mars for $671 million, it cost India $74 million to send an orbiter to Mars. Yet India as one of the few space exploring nations has only 3% of the market. Invest India, India's investment promotion agency says this will increase to 10% by 2030. In March India's NewIndia state owned space agency sent three dozen space satellites for OneWeb into space after launches by Russia were stopped. In 2023 the US is the largest by far in the space sector economy. China and Russia are also in this space.

WSJ Original article ›
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This WSJ podcast looks at the Chernobyl nuclear site, the place where a nuclear disaster happened in 1986. About 200 Ukraine workers are at the plant. The plant was taken over by Russian forces on the first day of the war. WSJ reporters talked to workers at the plant. To protect against the nuclear contamination a giant structure of steel and concrete was built around the plant. Since 1986 the plant is completely closed down. The job of workers is to keep the nuclear waste safe underground. This report says the 12 hour shift crew was not allowed to leave and is working for days under considerable fatigue and stress. 

BBC News Original article ›
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Queen Elizabeth II says in her Easter message to Britain- "Coronavirus will not overcome us."

"We need Easter as much as ever." Remembering the tradition of lighting candles at Easter she said: "As dark as death can be - particularly for those suffering with grief - light and life are greater."

"May the living flame of the Easter hope be a steady guide as we face the future."

This is her first Easter message and comes after her televised address to Britain on Sunday March 5th with its rallying message "we will return."

 

 

BBC News Original article ›
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About 60% of Swiss voters in this Sunday's referendum on keeping Covid passes and restrictions in place favor keeping them. The referendum vote is likely to provide $6 billion for increasing nurses pay and benefits, which is a good thing as nurses are exhausted after 2 years of non stop work.  Vaccination rate is 65% of people vaccinated in Switzerland. In the US state of Michigan the vaccination rate is 58%, resulting in a surge in cases. Vaccination rates had stalled in Germany and Switzerland resulting in a surge in cases. New variant from South Africa adds to the problem of the unvaccinated in Europe and the US.

NYTimes.com Original article ›
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Delivering the mail by boat across Penobscot Bay, Maine in the northeast U.S. The mail has been delivered to six small and rugged islands here in Maine's coastal area by the same family since 1905. This could be the last year as Maine has a 14 day quarantine for visitors from outside. Maine has the largest median age in the country at 45. Known for its coastline it gets millions of visitors in the spring and summer months adding $6.5 billion to its economy. Depending on this tourism are thousands of small businesses. Coronavirus is changing the rhythm of life even here in a place which has known quieter rhythms.

Original article ›
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The chief scientific adviser to the government of Britain says "go hard, and go early" to prevent a surge of coronavirus in Britain in the autumn and winter with more activity indoors. Things are flattish at the moment, but if hospitalizations pick up the government needs to quickly shift from Plan A without vaccine mandate and without mandatory mask use to requiring vaccinations and mask use, calling for working from home, as part of Plan B. Unlike France and other countries in Europe Britain has not taken the strong action that is necessary. Prime minister Boris Johnson is pushing for new efforts in getting the remaining people vaccinated.

NYTimes.com Original article ›
LyrArc Article Gist
Efforts by City Hall and the French government to support public housing in Paris with new investment in the city for newly built public housing. This will create an attractive environment for low and middle income residents to stay in the city including small business owners, as the buildings are modern and add to the look of the city. This will be visible during the Olympics in 2024 in Paris. It is a clear goal of the city government of Paris to give people of different income levels the opportunities to live in attractive modern housing in the city. It remains a pioneer in this idea and its execution among European cities.


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