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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.

Why the Drivers of Lower Inflation Matter

  
WSJ - 07.30.2023 Original article ›
Nick Timiraos, Tom Fairless
LyrArc Article Gist
As inflation eases and job growth continues in the US, and to a lesser extent also in the European Union, there are different opinions on why this is happening. One camp says that the surge in inflation was from temporary supply shocks. Once these shocks abated and supplies came back into the market the situation has eased. Central bank increase in rates played a smaller part in easing inflation say these experts. With interest rates up on loans there is less demand for cars in the US that leads to sellers having less pricing power. The other camp says the increase in interest rates at consecutive meetings had a strong impact on expectations of inflation. Higher interest rates played apart in cooling demand for cars and home purchases.

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Tim Cook, the interview: Running Apple 'is sort of a lonely job'

13 Groups   
Washington Post - 08.16.2016 Original article ›
LyrArc Article Gist
Tim Cook is interviewed by Jenna McGregor of The Washington Post. He describes the problems he faces running Apple. He had expected Jobs to stay on as  chairman to continue leading the company even after the illness. Cook thought Jobs would "bounce" back. The death of Jobs was a big blow for Cook. Cook describes taking advice from Jobs's wife Lucerne at key moments. For tax issues before Congress he talked to Blankfein of Goldman Sachs, on political issues with Bill Clinton, and on personal issues with Anderson Cooper of CNN. The books he is reading include Mohandas Gandhi's "The Story of My Experiments with Truth," that he found at the Gandhi Ashram in Gujarat, India, on a recent visit. 

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‘The whole chessboard’: A new document reveals Donald Trump’s economic strategy in detail

  
Washington Post - 09.26.2016 Original article ›
Jim Tankersley
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Tankersley of The Washington Post looks at a 30 page analysis of Trump's economic policies by his two senior advisors Peter Navarro, UC Irvine economist, and Wilbur Ross. In it the authors say Trump will be able to increase economic growth from 2% to 3.5% by providing a better and even playing field for American companies in the way they compete with other countries. It means the renegotiation of treaties with these countries will lead to better trade for the U.S. This would include they say the U.S. saying it would leave the WTO unless changes are made. The authors say that with Trump in the White House unfair trading practices would end, instead of it leading to trade wars as some other economists believe.

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Original article 5 minutes, gist 1 minute

The Coronavirus Surge in Florida, Arizona, Texas Isn’t the Same as New York’s Crisis

  
WSJ - 06.26.2020 Original article ›
Elizabeth Findell, Brianna Abbott, Eliza Collins
LyrArc Article Gist
The coronavirus surge in southern states in the U.S. is different from the surge earlier in the northeast including New York and New Jersey. More young people are getting the virus. About half of those testing positive are now 18-35 years of age in Texas and Florida. Social distancing and masks is not mandatory with young people not practicing these safety guidelines. Many took the reopening to mean they could go back to the usual summer routines. Not taking it seriously is leading to more infections of young people. Cultural issues with practicing the guidelines and a tendency to not take it seriously has been a problem in the U.S. and parts of Europe since the beginning of the crisis leading to larger number of cases.

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Original article 8 minutes, gist 1 minute

How Germany’s SEC Dismissed a Decade of Warnings About Wirecard

  
WSJ - 07.22.2020 Original article ›
Tom Fairless, Patricia Kowsmann, Paul J. Davies
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A decade of warnings were ignored by Geran regulatory agency BaFin about wrongdoings at Wirecard. The company went bankrupt after about $2 billion was missing in accounts that did not exist in the Philippines.This comes after the VW emissions cheating scandal, and the troubled Deutsche bank behaviours leading to fines, showing Germany's poor record in action against corporate wrongdoing. Germany's Ba Fin repeatedly played down the questions about wrongdoing, kicked the ball to other agencies, and delayed examining the Wirecard accounts, says this WSJ report. A parliamentary investigation is being called for by opposition parties. In January 2019 Financial Times reported fraud allegations at Wirecard Singapore, yet Angela Merkel supported its acquisition of a company in China in talks in 2019.

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Original article 7 minutes, gist 1 minute

The 84-Year-Old Man Who Saved Nvidia

  
WSJ - 05.18.2024 Original article ›
Ben Cohen | Photographs By Ko Sasaki For The Wall Street Journal
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Jensen Huang founded Nvidia to develop chips for videogames in 3D graphics in 1993. Sega videogame maker in Japan had Nvidia develop the chips for its Dreamcast player. At the time Shoichiro Iramijiri was the engineer -who started Honda's first manufacturing plant in the US in 1984- heading Sega. Iramijiri liked Huang and wanted him to succeed. When the technical error of developing the chips using a wrong shape was made by Huang Nvidia was dropped by Sega for Dreamcast in 1997. Nvidia ran out of money and if it persisted with its poor design would have ended in 6 months. Instead Huang decided to switch to a new chip design with no money to do this. Iramijiri stepped in to get Huang a $5 million loan from Sega.

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US workers in debt to buy groceries - 'I had to downgrade my life'

  
BBC News - 07.09.2024 Original article ›
LyrArc Article Gist
The picture on the cost of living action is mixed. In this report some Easterners in Pennsylvania and New York are shown taking loans to pay for groceries at high prices. In Michigan trips to the supermarkets show a modest increase of 1% in prices and prices coming down. Overall the faster the situation the better it is for working people and a top priority for president Joe Biden. Biden has approached it on a macro and micro level with a range of actions to bring cost of living down for people, from action on student debt for 5 million people, from health care cost cuts setting a ceiling on what health care cost would be, to cutting costs in areas such as housing, groceries and gas through concerted action across the economy.

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Evictions Surge in Major Cities in the American Sunbelt

  
WSJ - 07.15.2024 Original article ›
Will Parker
LyrArc Article Gist
About a quarter of renter households in America spend about 50% of income on housing, according to Harvard's Joint Center for Housing Studies.The availability of apartments for rent less than $1000 in the Phoenix region of Arizona is nonexistent says this report in WSJ. It forces renters into apartments that are more expensive than they can afford. Rents are up over 30% in recent years. A temporary loss of job or a medical emergency can lead to back rent accumulating and an eviction notice. Eviction notices are rising in sunbelt cities such as Phoenix, Las Vegas. Also in cities such as Minneapolis and Columbus. Higher rents lead to more evictions as tenants fail to ride it out with a job loss or medical emergency.

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California Joins Growing National Effort to Ban Smartphone Use in Schools

  
NYTimes.com - 06.18.2024 Original article ›
Shawn Hubler
LyrArc Article Gist
Los Angeles Unified School District has voted for a ban on smartphone use in schools starting in January. Governor Newsom is proposing to have a state wide ban in California to support children and parents in school education. Florida and Indiana are Republican led states with state bans on smartphone in schools. New York Governor Kathy Hochul seeks one in 2025. California Governor Newsom says: "When children and teens are in schools they should be focused on studies, not on screens." He has four children in schools. Dr. Murthy says in NYT that children spending more than 3 hours a day on social media were feeling the double the effects of depression and anxiety symptoms. And the actual use is 4.8 hours per day for this age group.

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How a Heat Dome Creates Dangerous, Record-Breaking Temperatures

  
WSJ - 06.19.2024 Original article ›
Eric Niiler
LyrArc Article Gist
Heat domes such as this one are rarely seen in the northeastern US. This week mid June 2024 is seeing a heat dome develop over areas from Albany, New York to Pittsburgh and Chicago. A heat dome is an area of compressed air like a lid on a pot that stays that way over a vast area with the sun heating the air at the surface till air flows in from another part of the US. Thus seen in the summer in the south and southeast rarely in the north and northeastern US and is one more sign of the cha nges in weather patterns coming from climate change. Itself a result of business and industry operating over decades on fossil fuels coal and oil without any oversight over consequences.

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Jawaharlal Nehru speech August 15, 1948

  
All India Radio Archives - 08.03.2024 Original article ›
Jawaharlal Nehru
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Nehru's speech on the first anniversary of Indian Independence reflects the troubles of partition, integrating princely states, the refugees from Pakistan, and the world situation in 1948 with civil war and hyper inflation in China, Berlin blockade by Russia, and the impending invasion of South Korea by June 1949. Nehru talk about the "Kartavya" of the ordinary citizens, the path shown by Gandhi, self-reliance, and courage, discipline, grit needed in hard times. Nehru's Kashmiri Hindi differs from the more western accent to Hindi of Sardar Vallabhbhai Patel. Both are shown on this page in audio broadcasts from the All India Archives and gives one a feel for the times and their relevance to guide India towards Vikshit Bharat 2047.

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Homeless or Overhoused: Boomers Are Stuck at Both Ends of the Housing Spectrum

  
WSJ - 05.10.2024 Original article ›
LyrArc Article Gist
The $3 billion proposed by president Biden is the first time in history that money is being allocated to tackle elder homelessness. This WSJ report shows how older boomers holding onto larger homes for retirement and aging in these homes is worsening the supply of housing. Including for younger boomers who are in their 50's and who because housing is less affordable or because of a life event or healthcare costs are facing a high rate of homelessness. WSJ's report says $3 billion is unlikely to get thorough this Republican Congress but it is not enough to tackle the problem -because people should not be destitute in this way such as these younger boomers in America as an advanced developed Nation.

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In Wisconsin, Biden tries to hold on to White voters without degrees

  
Washington Post - 06.10.2024 Original article ›
LyrArc Article Gist
"What did it do in Green County?" this is the question voters are asking in counties across Wisconsin, and also in Michigan and Pennsylvania. These are states with lower number of minority voters and a higher number of white working class voters without college degrees. Even in rural areas around Madison voters remember their fathers and mothers voted for Kennedy, grandfathers and grandmothers voted for Roosevelt. The Washington Post looks at the white voters without college degrees in Wisconsin . How does one take the visionary actions in the Biden bipartisan Infrastructure laws and show what happens at the micro level? Lyrarc.com shows how the laws are changing America bit by bit every week in the Movement for Renewal of America as covered in NYT, WSJ, Washington Post, and other media.

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Original article 10 minutes, gist 1 minute

Rupert Murdoch’s Game of Thrones

  
NYTimes.com - 07.25.2024 Original article ›
Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. De La Merced, Lauren Hirsch, Ephrat Livni, Danielle Kaye
LyrArc Article Gist
Many of the News properties of Rupert Murdoch take positions that negatively affect women, inequality and mobility, cost of living, income and wages fairness, climate change action, government investment in infrastructure, healthcare, and education, childcare. After Rupert the media properties go to the 4 children  Lachlan, James, Elisabeth and Prudence with each getting one vote under a irrevocable trust set up in 1999 in Reno, Nevada. Rupert and James says this story in NYT are making efforts to amend this trust to change governance provisions for the news properties so that Lachlan has majority voting rights. This is now opposed by James, Elisabeth and Prudence with courts in Nevada asked to see if this is in good faith and in the interests of all 4 children.

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Democrats Have New Hope in Battle for Senate Majority

  
WSJ - 08.15.2024 Original article ›
Lindsay Wise
LyrArc Article Gist
There are 34 Senate races of which 23 are in states traditionally controlled by Democrats. Jacky Rosen is leading in Nevada, and Senator Ted Cruz will have trouble defending his record in the Senate. Senator Rick Scott a Republican from Florida will also have difficulty holding onto his seat. Republicans will gain the seat of Joe Manchin in West Virginia. Democrats could hold onto seats in Montana and Arizona. It all depends on messaging the facts about inflation, confronting immigration head on by saying the Republican Lankford legislation agreed with Biden will be signed into law by Harris, listing tough cost of living action limiting rent increases to 5%, and limiting price increases for groceries and other necessities. Infrastructure projects completed in red as well as blue states.

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How Booming Electricity Demand Is Stalling Efforts to Retire Coal and Gas, in Charts

  
WSJ - 08.16.2024 Original article ›
Ashley Cai
LyrArc Article Gist
The demand for electricity in US electricity power markets shows the demand growth for electricity doubled in 2024 forecasts compared to 2023 forecasts. Increased electricity demand was shown for Texas and the western US. The outlook for carbon emissions in 2024 is for higher energy demand and meeting of the extra demand by keeping coal plants running for longer and not retiring as many coal plants as predicted in 2023 outlook for carbon emissions. This is a major concern from the point of view of climate change action. According to the Department of energy since beginning of 2022 547 fossil fuel powered generators were predicted to be retiring. 36% of these had their retirement dates pushed back to keep the grid's reliability. 

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Trudeau meets with Trump in Florida amid tensions over tariff threats

  
France 24 - 11.30.2024 Original article ›
LyrArc Article Gist
Canadian prime minister Trudeau met with DJT at Mar-a-Lago. DJT said Mexico and Canada are not doing enough to stop flow of drugs in particular fentanyl into the US, and undocumented migrants. Trudeau said "when Donald Trump makes statements like that. He plans to carry it out." For Canada many dubious and questionable policies on immigration under Trudeau can be corrected. It has the most at stake as it exports $423 billion of goods to the US and 2 million people are employed in these exports. For a long time Mexico and Canada have remained insensitive to how policies led to harm for the American people, in ways that are unprecedented in American history and since the settlement of the North American continent.

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This on-the-rise city is Copenhagen’s cool, sunny alternative

  
The Times - 08.27.2024 Original article ›
Richard Mellor
LyrArc Article Gist
Aalborg, Denmark, is the third largest city after Copenhagen and Aarhus in Denmark. It is located in Jutland in the far north of the country. It is one of the cities in Europe best known for its transformation from an industrial city making cement, boilers and other products to one of the largest makers of wind turbines in the world. It is a university town with 20,000 students and prides itself on sustainable development projects. Utzon Center and the modern designed Concert Hall are key buildings in the city. Danish architect Utzon designed the Sydney Opera House. In this area it is still warm at 28 degrees centigrade in September. Old Viking settlements and churches from the Protestant Lutheran Reformation can be seen in the city and outskirts.

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Original article 1 minute, gist 1 minute

How a Supreme Court Ruling Could Weaken Fed Independence, Shake Markets

  
WSJ - 04.16.2025 Original article ›
Greg Ip
LyrArc Article Gist
"Humphrey's Executor" is a precedent that bars firing by the president of FTC NLRB etc officials. "Humphrey's Executor" precedent is  being challenged by president DJT before the US Supreme Court and with it the independence of the Fed in 2025. Humphrey was an FTC official who was fired by FDR in the 1930's but died before his case went to the courts. It set the precedent that the president cannot simply fire officials he does not like. DJT challenged this by firing offfical at the National Labor Relations Board. When the US Supreme Court takes up this case it will look sceptically at this precedent, yet will find some way to protect the Fed's independence, says WSJ.

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- 02.06.2023 Original article ›
LyrArc Article Gist
India's roadmap for the first of 25 years to 2047 shows key goals of Inclusive Development and Empowered youth, women and all sections of society in growth. It builds on the work since 2014 of Leaving No One Behind.  Sab Ka Saath, Sab Ka Vikas, Sab Ka Viswas, Sab Ka Prayas remain the key ideas behind it. With All, For Everyones progress, Confidence of All, Efforts of All. To provide essential nutrition as the floor foodgrains were provided to 800 million for 28 months and extended to Jan. 1, 2024, investing $31 billion. Building also on having achieved the doubling of per capita income to 2 lakh rupees, about $2500 since 2014, ensuring better quality of living and life of dignity for all citizens.

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New Zealand Volcano Eruption Kills Five, With Eight More Missing and Feared Dead

  
WSJ - 12.09.2019 Original article ›
Stephen Wright, Rachel Pannett
LyrArc Article Gist
A volcano erupts in New Zealand's North Island just 30 minutes after a tour group makes it to the edge of the main crater, and a ash cloud covers the whole area. It shows that dangers from tourist activity near volcanoes can be a real risk.

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Original article 5 minutes, gist 1 minute

EU and Italy Block Export of AstraZeneca Covid-19 Vaccine to Australia

  
WSJ - 03.04.2021 Original article ›
Giovanni Legorano
LyrArc Article Gist
Slow progress of vaccination drives in the European Union has led to rising frustration. This is leading to action from the EU. The EU and Italy have halted export of 250,000 doses of vaccine bottled at a factory in Rome, that is part of the Astra Zeneca supply chain.

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Original article 1 minute, gist 1 minute

Politico CEO Reins In Predecessor’s Projects

2 Groups   
WSJ - 03.20.2017 Original article ›
Lukas I. Alpert, Amol Sharma
LyrArc Article Gist
Mr. Vanderhei of Politico leaves to form a rival political coverage site called Axios, which has funding from Comcast Universal. The result of a rift between Mr Albritton, the owner, and the CEO, Mr. Vanderhei, is that many executives are now leaving Politico, putting it into a crisis. 

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Original article 6 minutes, gist 1 minute

U.S., Britain Issue Warnings Over Chinese Telecom Equipment Maker ZTE

  
WSJ - 04.16.2018 Original article ›
Jason Douglas, Robert Wall
LyrArc Article Gist
National security scrutiny increases for China's telecom company ZTE. These concerns led to Washington blocking a takeover of Qualcomm by Singapore's Broadcom Ltd. This is playing out in the middle of economic tensions between the U.S. and China over trade and intellectual property issues.

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Original article 6 minutes, gist 1 minute

Trump Says He ‘Never Worked for Russia’

4 Groups   
WSJ - 01.15.2019 Original article ›
Peter Nicholas
LyrArc Article Gist
With heightened scrutiny of president Trump's interactions with Russia, and lack of detailed documentation of what was said at meetings, Mr. Trump told reporters - "I never worked for Russia." House Democrats are looking at whether there was an effort to limit documentation of meetings. 

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Original article 4 minutes, gist 1 minute

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