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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 ›
BusinessWeek Original article ›
BusinessWeek Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Economist Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
The Guardian Original article ›
LyrArc Article Gist
A survey of immigrants all over the world asked about their new living standards shows Mexico at the top with Taiwan, Portugal and Spain. And Kuwait at the bottom. Surprise is that New Zealand ranks next to Kuwait at the bottom. The reason is the high cost of living and jobs not paying enough, fewer opportunities, a growing rich poor divide. New Zealand ranks high in the natural environment and climate, yet the cost of living is too high in relation to salaries. New Zealand ranked below global averages in worklife- in feeling fairly paid for work, seeing purpose in work, or liking workhours. By comparison Australia ranks ninth from the top- for the economy, compensation and work hours. 

dw.com Original article ›
LyrArc Article Gist
The European Union had 1.14 million asylum seekers in 2023. In addition to Syria and Afghanistan, Pakistan, there are asylum seekers from Venezuela and Columbia and Turkey. Compare this with 4.4 million Ukrainians granted temporary protection in the EU and not considered as asylum seekers since the war began. There is a significant increase in asylum seekers in Germany and smaller increases in France and other countries. Germany has labor shortages. About 23% of 1.14 million or 334,000 asylum seekers for Germany. Next is France at 167,000, Spain at 162,000, Italy at 137,000. About 50% of asylum seekers have been allowed and the rest rejected. EU has a new asylum law that processes asylum with faster vetting, more detention centers and quicker deportation.

France 24 Original article ›
LyrArc Article Gist
Pedro Sanchez's efforts to defuse tensions over Catalonia and still form a government in Spain, without alienating Spanish voters following a tight election. Sanchez needs support from 24 of 25 members of parliament from separatist parties of Catalonia to reach the 176 he needs to form a government. Sanchez calls his efforts to reduce tensions between Barcelona and Madrid "dejudicializing" the process instead of "amnesty," and has been able to govern with support of other parties. In the July election his PSOE Socialist Workers Party was 1.4% percentage points behind the centrist Partido Popular. The PP leader Feijoo has failed to form a government and Sanchez will have a chance to form a government in October.

BBC News Original article ›
LyrArc Article Gist
As Katya Adler of BBC explains here Catalonia's crisis is less about independence than about populism. Catalonia is already one of the most autonomous regions in Spain. Catalans want to be able to choose their future with dignity, yet on independence opinion is divided in Catalonia. Prime Minister Rajoy has not handled the crisis well says Adler, when he had many things in his favor including EU support and support under the Constitution. Police action and the negative coverage have hurt Spain. Adler also points out that Rajoy and Puigdemont may be doing this for political purposes to increase their support. Rajoy's government failed to win support for the 2018 budget as it is a minority government with thin support in parliament. Puigdemont may also have overreacted and called the referendum  without considering this carefully. and having a realistic plan. Both politicians are criticized for corruption in their parties. Catalonia wants to see more investment and revenues sent back to its region from taxes sent to the federal government making financial issues prominent more than grievances about use of Catalan language. ...
WSJ Original article ›
LyrArc Article Gist
Enel, Italy's energy company, plans to invest $83 billion over the next decade to 2030 to increase renewable energy capacity from 45 gigawatts to 120 gigawatts. Renewable energy's share is expected to increase from 27% to 33% by 2025, according to IEA. Europe has committed to spend a third of its $750 billion recovery fund on addressing climate issues. ENel market share would increase from 2.8% to 5% by the end of this decade. With Iberdrola of Spain Enel was early in making investments and is the largest company in renewable energy in Europe.

DW.COM Original article ›
LyrArc Article Gist
Germany is now in the same situation as France, Spain and Britain during the second wave with over 500 deaths daily in the first week of December. The partial lockdown with closing of the leisure sector and keeping work open, and retail shops open has not helped keep the virus in check as hoped. Christmas is an important holiday period in Germany and crowds continue to form in many shopping areas spreading the virus. Chancellor Merkel lacks authority in a pandemic as the law says states have to decide how best to tackle a pandemic.

Wall Street Journal Original article ›
Wall Street Journal Original article ›
NYTimes.com Original article ›
LyrArc Article Gist
Many of the 255 Comments on this article in the NYT say it is misleading or grossly misleading title. Michael Crowley of NYT quotes Wertheim for his conclusion that there seems to be a sense that the world is out of control, there is chaos under president Biden. This is subtly presented and clearly wrong. Wertheim is the author of a book that questions America's exceptionalism, and says "isolationism" was somehow concocted by policy makers such as Eisenhower and Dulles, both Republicans for a postwar world built on American supremacy. What Crowley and Wertheim do is put their very idea of asking questions about policy which is a part of the discussion into misrepresenting through misinformation about what happened. Biden has acted with courage to close wars no other president not Reagan/ Rumsfeld who started the conflict with Iran by arming Iraq's unprovoked war on Iran, not Bush who initiated the war in Afghanistan, not Obama and Trump who did not close the war in the mountains around Kabul that is a "graveyard for Empires" - the Maratha Empire in India in the 1700's that opened the door to British rule in India, not the British Empire wisely staying out of it, the Soviet Union beginning its decline there, and the US mired in it similar to the Soviets. Crowley/Wertheim are only making things worse- Netanyahu was emboldened by the former president and made a major security failure. Putin miscalculated in Ukraine, Biden simply acted in the way any wise American president would -strengthened NATO with Finland and Sweden, providing reasons for Russian restraint yet without escalating the conflict. To say this is chaos is to misinform and misrepresent, and favor the very Supremacy that former president Trump proposes as policy based on US power. By contrast Biden' approach is peace through strength from building close relations between partners in Europe and Asia, not provocation or supremacy. Wertheim is only one voice in a larger discussion not the authority he is presented as. For Wertheim to say "isolationism" was a bogey and point to 1950 as the point when it was created is simply wrong. It existed in some form from the early days of the Republic. Washington was an advocate of not involving the fledgling Republic in foreign entanglements of France even though it was an ally. It is not that response to isolationism is the cause of America embracing the role of leading the Free World as it is now. It is simply the situation leaders faced. Truman faced it when Soviets planned insurgencies in Turkey and Greece which would not exist as democracies today without Truman. And across Eastern Europe Hungary 1956 Ike acted cautiously. Czechoslovakia 1968 LBJ Johnson acted cautiously already in the wrong war with Vietnamese nationalism.  ...
New York Times Original article ›
LyrArc Article Gist
Problems of finding a job in Spain, Portugal, Greece and Italy for younger people. A sense of a lost generation, as more people are fighting for fewer job opportunities. The situation is worsened by austerity measures and the deepening economic crisis in these countries. Many young people have moved in with their parents, and others are emigrating to northern European countries. A former Italian prime minister, Giuliano Amato, tells the Italian newspaper Corriere della Serra, that youth protests against university reform in Italy are also about the general lack of opportunities- "against the general situation in which the older generations have eaten the future of the younger ones." Here the NYT tells the story of Francesca Esposito, 29, the daughter of a fireman and a school teacher, the first generation of her family to attend college. She has an Italian law degree and a master's from Germany, and has fluency in five languages. She worked for some time as an unpaid trainee at Italy's social security adminsitration, till she quit. She has found it extremely difficult to find a paying job. Coral Gomez, 33, of Madrid, who has a PhD. in humanities lives with her parents because no steady jobs can be found. Coral earns 600 euros as a children's drama teacher. She says she will be going to Costa Rica to teach at a university....
The Guardian Original article ›
LyrArc Article Gist
This editorial in The Guardian points out that only a tiny fraction of the British people, merely 160,000 members of the Tory Conservative party are for the last 2 months in July and August 2022 determining what kind of government Britain should have at a time of cost of living crisis. Most of these 160,000 are male, upper class, older and propertied. No government action is taking place to protect people from cost increases. In France the energy price increase is limited to 4% by the government, Spain is doing the same to limit cost increases. And in Britain Ofgem regulator has allowed the price cap for energy to triple relative to a year ago and no minister there available to answer the public's questions, kind of surreal.

The Economist Original article ›
LyrArc Article Gist
This article in the Economist magazine says the initial criteria for the euro currency were fudged to let southern European countries with weak finances into the euro region. The result was that Italy, Spain and Portugal were allowed in, followed later by Greece. This was a critical design defect for the euro currency. It says French president Mitterand accepted German unification and German president Kohl gave up the Deutsche Mark in exchange for the Euro, under the 1992 Maastricht Treaty that set up the euro currency. The other flaw was the lack of a bail out mechanism if governments needed help, the ECB not designed to tackle this, and the central banks of each country not capable of tackling this on their own. With the lack of devaluation option to address inflation, and drop in competitiveness of some countries, the mechanisms to address economic problems were not put in place- it says because political union was seen as happening earlier but never happened. The French are seen as more interested in pursuing closer economic integration, with Germany not as keen until budget discipline is established first. Germany also looks at immigration as a critical area in which agreement has to be reached. As a result the euro currency is likely to continue with some of its current problems, yet with improvements in many areas such as budget discipline and lessons learned from the eurozone crisis in Greece, Ireland, Spain and Portugal.   ...
Wall Street Journal Original article ›
LyrArc Article Gist
The ECB president Draghi announces an interest rate cut, lowering the interest rate in the eurozone to 0.15% from 0.25%. He also lowered the rate on overnight bank deposits at the ECB to a negative 0.10%, to encourage banks to lend at a time when credit is tight for businesses in the eurozone. The eurozone faces a risk of deflation with low growth in the eurozone economies. Popular discontent was reflected in eurozone elections in France, UK, Greece and Spain.
New York Times Original article ›
LyrArc Article Gist
Jorg Asmusen, member of the executive board of the European Central Bank, and Jens Weidmann, president of Germany's central bank, the Bundesbank, argue on opposite sides before the German Constitutional Court in Karlsruhe. Weidmann says the bond buying of sovereign bonds of Italy and Greece by the ECB is unconstitutional, Asmussen defends the ECB's plan to lower the borrowing costs for Italy and Spain in 2012. Both Asmussen and Weidmann are students of Manfred Neumann, professor of Economics at Bonn University. Neumann says such action is unconstitutional. The Federal Constitutional Court takes public opinion into account in its rulings.

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