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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.

Stretch of Market Volatility Makes It Stormy at the Top

6 Groups   
The New York Times - 07.15.2016 Original article ›
Conrad De Aenlle
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De Aenile describes the volatility in stock markets after the Brexit vote. Earnings growth is slow and expectations are declining. Indexes of emerging markets are trading at 10 times earnings, say experts. The S&P 500 ended the quarter at 19 times earnings, compared to historical average of 15, according to this report. Uncertainty remains high in Europe and the U.S., and monetary policy is stuck in a low interest rate environment.

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Original article 7 minutes, gist 1 minute

French Prime Minister Warns of Cuts to Tame Its ‘Volcano’ of Debt

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WSJ - 07.04.2017 Original article ›
William Horobin
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French prime minister Edouard Philippe says that France will meet the 3% of GDP deficit target in 2017 and this will require restraint in spending. Over the 5 year term of president Macron France will cut spending by 3% of GDP. The new government still plans to meet investment and tax cuts that were planned, including a $50 billion euro investment program. Over the 5 year term taxes will decline by 1% of GDP, said Philippe. 

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Original article 3 minutes, gist 1 minute

In China, the Police Came for the Consultants. Now the C.E.O.s Are Alarmed.

  
NYTimes.com - 05.16.2023 Original article ›
Daisuke Wakabayashi, Ana Swanson, Lauren Hirsch
LyrArc Article Gist
NYT reporters show China is continuing to crack down on what it sees as companies that break the law. This adds to risks of companies operating in China leading to companies not adding to investments in China and looking at options of manufacturing or doing business in other friendly locations such as India and Vietnam for manufacturing. New deals are also being done with South Korea, Japan instead of China as China's surveillance of business grows and risks increase of operating in China.

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

  
NYTimes.com - 02.03.2023 Original article ›
Michael Schwirtz, Anton Troianovski
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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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RBI projects economic growth at 6.4% for next fiscal

  
The Hindu - 02.08.2023 Original article ›
Pti
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Anantha Nageswaran of the CEA tells Sansad TV that the RBI estimate of 6.4% is close to the government's estimate of growth. He says RBI's estimate is based on oil prices of $95 per barrel higher than it is today. He says India's financial system is in much better shape than in the previous decade and the corporate sector is deleveraged, MSME's are in good shape with government support, giving the government confidence in its figures for growth.

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Original article 1 minutes, gist 1 minute

‘Unjustifiable Delays’: Rail Safety Upgrade in Greece Stalled for Years

  
NYTimes.com - 03.03.2023 Original article ›
Monika Pronczuk, Sarah Hurtes
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By multiple standards Greece had the deadliest rail system in Europe with neglect of basic safety features. The European Commission has given $700 million to Greece for modernization of railways. $117 million was given for safety for the Athens to Thessaloniki route alone. Yet little was done. The European Union Agency for Railways says it had an action plan for safety for Greece but there was little action from the Greek government. Even basic automatic braking was not operational at the time of the collision of two trains on one track. 

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Coal Baron or Climate Warrior? The Dizzying Rise of Asia’s Richest Man.

  
NYTimes.com - 01.31.2023 Original article ›
Emily Schmall, Hari Kumar
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The renewable energy and coal projects of India's Gautam Adani are shown here in this report Emily Schmall and Hari Kumar in the NYT. The Financial Times looked into Mr. Adani's projects and financing and found that much of it comes from a scale of risk taking and business innovation, timely delivery that few businesses in India have an affinity for. As a result he has taken on a role of lead innovator for projects of scale in both coal and renewable solar energy for India.

 

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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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China Scraps Most Covid Testing, Quarantine Requirements in Policy Pivot

  
WSJ - 12.07.2022 Original article ›
Selina Cheng
LyrArc Article Gist
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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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
LyrArc Article Gist
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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China’s zero-Covid policy risks causing agricultural crisis and food shortages

  
The Financial Times - 04.18.2022 Original article ›
LyrArc Article Gist
This report in The Financial Times citing official data, says one third of farmers in three provinces, Jilin, Liaoning, Heilongjiang lack the needed agricultural inputs. Authorites sealed off villages to fight the pandemic. The three provinces produce 20% of China's foodgrains. This is the result of strict Covid policies followed in China to control covid surge. 

According to Jilin government one third of farmers lack sufficient fertilizer three weeks before planting begins. This could affect China's efforts for self sufficiency in foodgrains.

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Original article 1 minute, gist 1 minute

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

  
The Guardian - 01.22.2023 Original article ›
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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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WSJ News Exclusive | Redwood Materials Plans $3.5 Billion Battery-Materials Plant in Nevada

  
WSJ - 07.25.2022 Original article ›
Rebecca Elliott
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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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Nuclear Power Plants Could Stay Open, Says Germany

  
WSJ - 08.03.2022 Original article ›
Bojan Pancevski, Georgi Kantchev
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Germany's Siemens and chancellor Scholz say the lack of a turbine from Siemens is not the reason why Russia is reducing supplies of Nordstream pipeline gas. The turbine is ready to be shipped to Russia if Russia wanted it. 

Mr. Scholz is looking at keeping 3 remaining nuclear plants operating which would meet 6% of Germany's needs. A review of nuclear plant operating condition is being done to make the decision to continue with nuclear energy and not phase it out completely.

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Opinion | Bill Gates: We’re on the Verge of a Remarkable Moment for Congress and the Country

1 Groups   
NYTimes.com - 08.07.2022 Original article ›
Bill Gates
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Bill Gates of Microsoft calls the Biden climate change bill the single most important legislation in US history. He says only America can offer the vision for climate change action, and make it happen. Gates says he has talked to corporate leaders in America and most of them say they are ready to act once the climate change bill is passed. Many of the industries that need to be created are in the early stages and the climate change bill will create the right atmosphere for sustained innovation.

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Opinion | The GOP’s Senate Primary Woes

  
WSJ - 08.01.2022 Original article ›
The Editorial Board
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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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Opinion | Feel free to spill the beans, ex-employees. Your former boss can’t stop you.

  
Washington Post - 04.03.2023 Original article ›
LyrArc Article Gist
The National Labor Relations Board issues a ruling saying that nonconfidentiality agreements of employers violate the National Labor Relations Act. It ruled that to exercize rights of employees  under Section 7 of the National Labor Relations Act which guarantees employees the "right to self-organization, to form, join or assist labor organizations, to bargain collectively, or engage in other concerted activities," employees must be able to share information about their workplace. This includes right to talk to co-workers and former employees, says the NLRB.

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Original article 4 minutes, gist 1 minute

E.U. Cries Foul as Poland and Hungary Ban Ukraine Grain Imports

  
NYTimes.com - 04.17.2023 Original article ›
Matthew Mpoke Bigg, Vivek Shankar, Enjoli Liston
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Poland's ruling party, the Justice Party, faces elections in 2024. The influx of grain from Ukraine has lowered prices for farmers in Poland, and this affects the largely rural base of the Justice Party. As a result the government has acted to stop Ukrainian grain from entering the country, and also bans the shipment of grain through Poland to other EU countries. The UN sponsored Black Sea ports agreement that allows Ukraine to ship from Odessa and other ports is also coming up for renewal.

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Opinion | Ukraine Leads the World

  
WSJ - 02.27.2022 Original article ›
The Editorial Board
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This WSJ Editorial Board article appeared on Feb. 28, and says that the world owes a great debt to the heroic people of Ukraine. A too complacent Europe says WSJ, is now learning what it means to fight for freedom. It says Ukraine deserves more support with arms, the toughest sanctions, and global ostracism. It says Congress should approve the request this week for another $6.4 billion in humanitarian and military assistance. The stakes of the war are high, says WSJ, including for American interests.

 

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Original article 4 minutes, gist 1 minute

Court Upholds Federal Government’s Title 42 Border Policy

  
WSJ - 03.05.2022 Original article ›
Michelle Hackman, Alicia Caldwell
LyrArc Article Gist
US law now supports turning back migrants at the border. Under public health policy Title 42 migrants are denied asylum, a federal appeals court ruling supporting this. It is also now supported by the Biden administration. It is a key tool used by both the Trump and Biden administrations to combat illegal border crossings. It also reduces one more area in which differences were mistakenly created between Republican and Democratic parties, that distracted from focus on much needed infrastructure and other priorities for the American people.

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Original article 5 minutes, gist 1 minute

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