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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.

Oh, Britain: the chasm between myth and reality keeps on growing | Richard Wolffe

  
The Guardian - 10.26.2022 Original article ›
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The gaps between myth and reality of the Conservatives continues to grow says this view from Labour expressed in The Guardian. With the chaos in the Conservatives and three prime ministers out in a short period- first with Brexit, then with the factions supporting and against Boris Johnson who led the fight to take Britain out of the European Union, the promises made to the North of England that led to Johnson's win in the election are falling by the wayside. There is no real progress in levelling up wealth and development gaps between regions in Britain, the commitment to tackling climate change is wavering and inconsistent when the rest of Europe and the US is moving forward with clear intent and funding, and the effort to tackle the cost of living crisis lacks conviction and plan changing by the day.     

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Opinion | Kissinger Sees a Global Leadership Vacuum

  
WSJ - 12.26.2022 Original article ›
Walter Russell Mead
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For someone in his 100th year and having conducted the opening to China Mr Kissinger deserves to be heard. He brings a perspective from the Austrian German school of thinking which adds to other perspectives of where the world is and the way forward. His insights are shaped by the Austrian Metternich and Briton Casterleigh in his book A World Restored (1957) and the experience gained from their shaping a peace that lasted from about 1815 to 1914. He sees China but completely misses the future and potential of India and Indonesia that together make up the largest population and twin nations in the world. India changes everything as seen from its potential to bring peace to Ukraine and bring Russia- and even China with its shared heritage of Buddhism- into the world shaped by the Anglo-Saxons (US and Britain, France) and Germany.

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The Guardian view on Tory austerity: an unpopular policy returns | Editorial

  
The Guardian - 01.27.2023 Original article ›
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Years of Tory cuts and austerity spending left the UK unprepared for the pandemic, says this editorial in The Guardian. The running down of the public sector was a policy choice says The Guardian. In the decade before Covid the Tories cut public spending as a proportion of the GDP from 46% to 39% leaving Britain exposed during the pandemic. Jeremy Hunt continues in a long line of Tory chancellors who are impervious to comprehension of the fall in incomes of ordinary households, the working nurses and teachers who turn to food banks. Hunt even talks about another 100 billion pounds of cuts over the next 2 years. And  turning Britain into a Silicon Valley, when Silicon and Tech is failing in the US, and when the US Justice Department is seeking the breakup of Big Tech with support from Republican Bill Barr. 

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Oil demand by India likely to touch new record next fiscal

  
The Indian Express - 04.11.2023 Original article ›
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For the country with the largest population in the world of over 1.2 billion people who had just gone through a once in a century pandemic would it have been right to import oil at prices that made it harder to invest what was needed in infrastructure and rapid growth? This is why president Biden and NSA adviser Jake Sullivan believe India has taken the right step to import at the lowest price possible to not divert funds that are so desperately needed for infrastructure to build the metros, fast railways, roads, bridges and airports the people of the country need. India's stand on invasions with millions of women and children turned into refugees is for an end to this war - Gandhi's position on a war such as this or Vivekananda's is not hard to read.

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PM launches Mission LiFE at Statue of Unity in Ekta Nagar, Kevadia, Gujarat

1 Groups   
- 04.15.2023 Original article ›
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The Mission LIFE launched by pm Modi in Gujarat in 2021 has achieved significant results-

"Under Mission Life our efforts are spread across many domains such as: Making local bodies environment-friendly, saving water, saving energy, reducing waste, and e-waste, adopting healthy lifestyles, adoption of natural farming, promotion of millets." 

"These efforts will save over 22 billion units of energy, save nine trillion litres of water, reduce waste by 375 million tons, recycle almost one million tons of e-waste, and generate around 170 million dollars of additional cost saving by 2030," he said.

"Further, it will help us reduce the wastage of 15 billion tons of food," Mr. Modi said, noting that the global primary crop production in 2020, according to the Food and Agriculture Organization, was about nine billion tons.

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Sinema’s Opposition Stymies Democrats’ Planned Tax-Rate Increases

  
WSJ - 10.24.2021 Original article ›
Andrew Duehren, Richard Rubin, Kristina Peterson
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In a 50-50 Senate to pass president Biden's $3.6 trillion Families and Workers plan requires the vote of Kyrsten Simema, Democrat of Arizona. Simema is the lone holdout in the plan to raise $540 billion by increasing corporate tax rates to pay for part of the plan. Tax rate increases on capital gains would raise nearly $300 billion. A law passed by president Trump lowered corporate tax rates to 21% which would go up to 26.5% under the Biden plan. The top individual rate lowered to 37% would go up to 39.6% and capital gains rate from 23.8% to 28.8% under the Biden plan. Democrats say these new rates are fair considering how much wealth distribution is skewed and how much workers and families have failed to benefit in the policies pursued by different administrations since Reagan, through Bush, Clinton, Obama and Trump.

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The Philippines, a country with dreadful traffic, may start to unclog

  
The Economist - 01.26.2020 Original article ›
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Infrastructure spending under president Duterte of the Philippines has increased from 4% of GDP to about 6-7%. Many new projects are started as part of the $177 billion building program. This includes the Clark City project to house 1.2 million people and government offices to move congestion out of Manila. Duterte's plans include cutting traffic down by one third on the artery along the sea that takes 2 million people into Manila from the outskirts every day.

Duterte has continued infrastructure projects planned by his predecessor, and 69% of Filipinos support this infrastructure building program. Conservative spending under his predecessor gives Mr. Duterte more room for increasing spending. Indonesia at 72nd rank and Philippines at 96th rank have fallen behind in infrastructure development in a World Economic Forum recent survey of 141 countries.  

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‘New Parliament building to cost around Rs 970 crore’: Centre in Lok Sabha

  
Hindustan Times - 09.22.2020 Original article ›
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Tata Projects Limited is the lowest of two bidders at 860 crores for India's new parliament building. The old parliament building is considered inadequate today and was first opened in 1927 when the British first introduced local legislatures as a form of home rule in India. The time allowed for it to be built is a strict 21 months and will require putting a new face on the central Vista area that runs through the centre of New Delhi. It should generate jobs, and provide a fitting place for debating the many issues that face India in its drive for modernization, particularly today after the pandemic when many issues such as manufacturing, industrial development defense, agricultural modernization, infrastructure development are taking on new urgency. After almost three decades of slow progress India is now entering a new phase for speed and implementation of projects.

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A Bat Infestation, Postponed Surgeries and Unpaid Bills: A Hospital Chain in Crisis

  
WSJ - 03.20.2024 Original article ›
Melanie Evans, Jonathan Weil
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A US Senate Committee bipartisan investigation will look into MPT, Medical Properties Trust, a large hospital landlord, and the private equity dealings in hospitals, says this report in WSJ. This WSJ report by Melanie Evans and Jonathan Weil looks into Steward, a for profit company that was created by Cerberus Capital Management in 2010 when it bought a chain of struggling non profit Catholic hospitals in Boston. For the Carney hospital in Massachusetts Steward paid $12.5 million and MPT put in $263 million in 2018 to buy the Carney hospital buildings which it then rented back to Carney, according to this WSJ report. Steward now owns 31 hospitals in 8 states including 8 in Florida some of which are shown here in a deep cash crunch. The state of Massachusetts has now sent nine monitors to each of the hospitals in Massachusetts.

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Exclusive | U.S. to Impose Two-Person Crew Mandate on Freight Trains

  
WSJ - 04.01.2024 Original article ›
Esther Fung
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The Federal Railroad Administration and the DOT agencies now require that there be 2 person crew on all freight trains to ensure railway safety. Accidents have taken place in recent years requiring action. Over 50 years we have observed that cost cutting that undermines safety, costcutting that forgets or ignores the process needed for quality, only leads to higher costs sometimes in the billions of dollars and loss of public goodwill. A freight train with toxic materials derailed in Ohio last year causing much loss of goodwill with local communities and impacting the health of residents. Workers form a key part of the processes that generate products not just machines, respecting the dignity and health of workers, providing the training and work hours that improve quality and concentration are essential. Companies and executives do well only when this is made to happen.

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PM Modi's interview to Thanthi TV

  
www.narendramodi.in - 04.05.2024 Original article ›
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This interview with Tamilnadu's Thanthi TV shows PM Modi reflecting on how Tamilnadu and Tamil culture and language should play a leading role in a Vikshit Bharat, (Developed India 2047) on the 100th anniversary of Hind Swaraj. Modi says Tamil culture, literature and language is for the whole nation not just restricted to Tamilnadu. With digital language tools people can communicate across languages within India. Modi speaks in Hindi, the questions are in English, there is also a Tamil version on Thanthi TV. Before independence this region around Madras now Chennai was called the Madras Presidency, just as the region around Bombay and Ahmedabad was called the Bombay Presidency. The caste system prevailed in Madras Presidency and led to the upper castes embracing western education and joining the local civil service and after independence the IAS in large numbers. 

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Bimal Patel: Architect of Modi govt’s grand projects prepares for biggest challenge yet — Parliament House

  
The Indian Express - 09.11.2022 Original article ›
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Bimal Patel is the Architect for the new Central Vista project in New Delhi that replaces colonial architecture in India's capital city. The Indian Express gives this look at the work of Bimal Patel and the restraint, willingness to gather ideas from outside, and efficiency to delivering projects, attention to detail, that are seen in his work. Early projects were done in Ahmedabad, and his firm has grown to about 300 persons in architectural work. With the renamed Kartavya Marg architecture being completed the next phase of the project is for Parliament House to be completed by 2024, when a newly elected parliament will be seated in this new home. The Kartavya Marg and India Gate were based on a circular concept, the Parliament on a triangular concept, which will require skill and experience to pull together into one aesthetic design. 

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Belgian-Briton Zara Rutherford is youngest woman to fly solo around world

  
The Guardian - 01.20.2022 Original article ›
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Nineteen year old Belgian Zara Rutherford becomes the youngest woman to fly solo roundtrip around the world. Her parents are avid pilots and she learned to fly at the age of 14. She took off in a microlight plane Shark Aero on Aug 18 and landed after 52,000 kilometres of flying in Flanders on Jan. 20. She went through UK, Greenland, Americas, Siberia, Southeast Asia, India, Saudi Arabia and Europe. In that journey she went through freezing temperatures over Siberia, smog in India and wildfires over the US northwest.

She plans to study electrical engineering and would like to see more girls taking interest in science and engineering, and in flying planes.

Her approach was bold and straightforward. It was a trip that she thought was- impossible, expensive, complicated, dangerous, a logistical nightmare, so she never thought about it twice. 

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Express View on PM Modi’s I-Day speech: The long viewfinder

  
The Indian Express - 08.16.2023 Original article ›
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On the 77th Independence Day prime minister Narendra Modi takes the long view of history and presents an India that is putting behind the past and looks to the future. Actions taken a thousand years past brought us to this point even seemingly insignificant actions that shaped history, now India looks to the future thousand years hence because of actions taken today. Demography, Democracy and Diversity are turned into engines that drive the modernization of India in Modi's vision, with rapid implementation of projects every step of the way, a new way discovered by India. In this way pm Modi put today into a new context. Powering India's future is youth from towns and cities across the country, women, and the 135 million added from poverty to the middle class in the last 5 years. 

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WSJ News Exclusive | Biden’s Age, Economic Worries Endanger Re-Election in 2024, WSJ Poll Finds

  
WSJ - 09.04.2023 Original article ›
Sabrina Siddiqui, Catherine Lucey
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The WSJ of August 24 has flaws in that no questions were asked on wages and benefits for workers and climate change. About 73% of voters see Mr. Biden's age as a factor. Voters have not grasped Biden's vision for America. A Trump 10% margin for vision and record of accomplishments is unusual considering it is Mr. Biden who is making the changes on climate change, wages and income, infrastructure building with trillions of dollars of funding. The poll itself has issues because it was done by a Republican poster who is working for the Trump campaign and does not have questions on climate change or wages and benefits of workers. President Biden does well on infrastructure, on jobs, and the effects of inflation are being tackled by increase in wages and benefits supported by Biden.

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EVs Elbow Out Internet Titans as China’s Business Darling

  
WSJ - 09.06.2023 Original article ›
Clarence Leong, Liza Lin, Rachel Liang
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BYD is China's largest EV automaker. It boosted employment by 50% to 630,000 in 2023, with growth of 73%. This WSJ report shows how the Chinese government is now favoring EV automakers and the EV industry over Chinese internet companies such as Alibaba and Tencent that once played a large part in the economy.  $72 billion in tax breaks are provided by the government to EV automakers. Jobs have shrunk in internet companies during the pandemic with the Xi Jinping government moving away from housing and internet industries creating higher unemployment. Youth unemployment had reached 21%. The growth of BYD by 73% in the 8 months of 2023 shows how the EV industry will play a larger role in the economy, along with other new industries and technologies. It will also become an export leader with domestic innovation in technologies.

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Do Higher Deficits Cause Inflation? Not This Year

  
WSJ - 09.06.2023 Original article ›
Andrew Duehren
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Connection between inflation and spending (fiscal stuff) by the government is misunderstood or misstated, say Wharton Prof. Smetters. Doug Holtz-Eakin former CBO budget director agrees.  Does higher growth mean higher inflation? It depends. The climate change action renewable energy subsidies are expected to increase growth by 0.2%, yet this should reduce fossil fuel costs, mitigating effect on inflation of government spending. Will higher deficits increase inflation? Again it depends. In 2021 direct financial help for households during the pandemic led to a third of the higher inflation in 2021, 2022 and first half of 2023. Inflation peaked at 9.1%. In 2023 the deficit is up significantly but it is mostly of the accounting kind with lower tax revenues by $278 billion from capital gains taxes due to a stock market slump in 2022, and higher interest costs of $136 billion.

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Biden, Xi Meet as Underlying Frictions Remain

  
WSJ - 11.17.2023 Original article ›
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Biden and Xi meet at an estate outside of San Francisco in the most important meeting of 2023.  Biden says his government would continue "to preserve and pursue" high level diplomacy after the two leaders talks. President Xi said about this period of global transformations that are taking place in this century that it was important that the two countries act in a way that "benefits the two peoples and fulfills their responsibilities for human progress." The two leaders came to an agreement on fentanyl, and on AI, and setting up high level communications including direct conversation between Biden and Xi Jinping. Coming during the conflict in the Middle East and in Eastern Europe this is a really important accomplishment of Biden and Xi for the people of the two countries, setting aside differences and looking for shared interests.

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The Best of Frenemies: Saudi Crown Prince Clashes With U.A.E. President

  
WSJ - 07.18.2023 Original article ›
Summer Said, Dion Nissenbaum, Stephen Kalin, Saleh Al Batati
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Princes MBZ of the UAE and MBS of Saudi Arabia were seen as close with MBZ the mentor of Prince Salman of Saudi Arabia (MBS). Saudis and UAE differ on how high oil prices should go. Both MBZ MBS wider mindsets are close based on modernization of the Arab world. Oil price increases mean hardship for most of the world's population, a shift of wealth from more populous countries such as Turkey and India to countries with very small numbers of people as the UAE (9 million) and Saudi Arabia 35 million). It poses hardship in cost of living for people in Asia, Africa and in EU, the US. This calls for a vigorous effort to make the switch to solar energy to reduce inequality and wide disparities of wealth in Asia and the Middle East.

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A Goldilocks Job Market Is in Sight

  
WSJ - 08.04.2023 Original article ›
Justin Lahart
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The US added 167,000 jobs in July 2023 from a month earlier, according to the Labor Department, less than 200,000 anticipated. Higher population numbers and higher labor force participation rates offset the increasing  number of retired people in the US. More people added to the population from immigration and more younger people participating in prime age under 54. This means the US is where it would like to be with the Fed not having to increase rates that much in coming months, says Justin Lahart of WSJ. The Labor Department increased its estimates of population by 867,000, and the labour force participation for prime age is up to 84%. These are good signals for the US economy, that there is room for more jobs growth and income growth with an unemployment rate at 3.5%, and less need for increasing interest rates by the Fed.

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Analysis: Israel Repelled Iran’s Huge Attack. But Only With Help From U.S. and Arab Partners.

  
WSJ - 04.14.2024 Original article ›
Yaroslav Trofimov
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The large Iranian missile attack on Israel on April 13th 2024 was expelled with American, UK and Jordan's help. It cost about $1 billion in antimissile systems. The US does not seek an expansion of the war. The events show how without a clear policy on non escalation with the US taking leadership- how without this events could spin out of control in unanticipated ways. And the need for priority to be given to rebuilding after the pandemic, not conflict that is driven in a random manner when most of the largest countries on every continent are committed to peaceful development to improve standard of living of their people- US and EU, China and India, Brazil and Mexico, African nations, and most other nations in Asia and Latin America. It is for Biden and Scholz/Macron, Xi and Modi, to make this happen.

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India’s Reforms Risk a Failure to Launch

  
WSJ - 01.05.2018 Original article ›
Bill Spindle, Krishna Pokharel
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Difficulties faced in winning the farm vote in Gujarat made it harder for Modi's BJP party to win Modi's home state in recent elections. This could lead to a more cautious approach from the BJP government. Price supports and subsidies were an issue for cotton farmers in Gujarat, leading to the loss of seats for the BJP party in Saurashtra region of Gujarat. The BJP resisted measures to boost price supports, subsidies and debt forgiveness leading to the loss of farmers support.

Modi remains popular in the country yet the election shows corruption, difficult situation of farmers facing inflation and water issues, and voters willingness to shift support, could make the ruling party more cautious in taking steps after the introduction of GST unified tax system and monetization slowed growth to 5.7% by mid-2017.

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Original article 6 minutes, gist 1 minute

Champions League final: Bayern Munich make it six as Kingsley Coman haunts the club who made him

  
The Times - 08.24.2020 Original article ›
James Gheerbrant
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Kingsley Coman walked through the doors of PSG's Academy when he was 8 years old, and walked out 10 years later unwanted scored the only goal of the Champions league final in Lisbon between Paris PSG club and Munich Bayern club. A kid from the banlieus, the suburbs of immigrants around Paris undoing the billion dollar club of Paris PSG. People in Paris were astounded and a bit angry. The coach of Bayern Munich Mr. Flick is also a student of Zidane the French coach of Real Madrid in his approach of emphasizing home grown talent and younger players who are promising rather than depend on big names like Neymar or Messi.

Alphonso Davies is a immigrant from Ghana, and other younger young players such as Kimmich were the key additions to the talent of Muller for Bayern.

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Biden Returns to Campaigning, Hoping to Refocus on the Basics

  
NYTimes.com - 07.16.2024 Original article ›
Zolan Kanno Youngs
LyrArc Article Gist
President Biden visits Nevada and calls for a 5% cap on rent increases by corporate landlords with over 50 rental units. The WSJ report July 15 shows 25% of people renting apartments in the US pay over 50% of their income just to pay rent leaving little for food and transport, education and healthcare. This is a severe problem in Nevada and in the US across all 51 states. The president is closely following mortgage rates that went up from 3% to 8%, creating affordability issues for prospective homeowners. Another proposal of the president that he can act on as it does not require Congressional action is to use federally underused land and repurpose it for building 15,000 affordable housing units in Nevada. Such proposals across the 51 states are needed today to address acute rental housing shortage and price increases of about 20% by landlords.

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MURDOCH, IN 'CHALLENGE OF MY LIFE,' BUYS LONDON TIMES FOR $28 MILLION (Published 1981)

  
NYTimes.com - 08.02.2024 Original article ›
William Borders, Special To The New York Times
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Rupert Murdoch brought positive changes as shown here to introduce electronic printing technologies to the newspaper business in 1981 the year Reagan became president. Yet there are questions why others across the news operations did not take this up as it would make sense to adopt new technologies. Why was there no competition? This led to The Times being acquired for $28 million in 1981 compared to the $5 billion paid for The Wall Street Journal in 2007- enormous difference as monopolistic/oligopolistic behaviour has become entrenched in shaping public perceptions and policy. Why for instance is not taking climate change action in the face of fires/floods or not taking action to invest hugely in infrastructure for a dilapidated USA become seen as acceptable in for 2024-2030-even as the European Union aims to be fossil free by 2030?

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