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LyrArc brings in selected articles from many of the world's top publications.

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WSJ Original article ›
LyrArc Article Gist
Gen. Milley is not alone in saying this- that the Joint Chiefs chairman takes an oath to the Constitution of America, which he calls "the idea of America," a Constitution that starts with the words "We the People." Enshrined in these words in the Preamble to the US Constitution is the idea of the "inalienable rights" of man to life, liberty and the pursuit of happiness. Vice president Mike Pence affirmed that the oath was to the Constitution of the US before Milley, and Attorney General William Barr affirmed this before Mr. Pence.  Three of the senior most positions in the US government during the presidency of Mr. Trump. It showed a parting of ways of three of the most senior persons in his administration with Mr. Trump.

WSJ Original article ›
LyrArc Article Gist
This report in the WSJ cite sources showing the advisers that had the most effect on Trump's decision to launch airstrikes in Syria after the chemical attack were Defense Secretary Mattis, National Security Adviser McMaster, Secretary of State Tillerson, and Jared Kushner. Senator Corker calls it a transformative moment for president Trump, as Trump acted decisively once he had talked to his advisers, and after having several options prepared for him, and acting on the same day as he met Xi Jinping at the White House dinner. Trump unlike Obama who let the chemical attack go without a response and had many deliberations that ended up with inaction, acted decisively. Unlike Obama in 2013 after a similar chemical attack Trump also showed emotion that reflected normal human reaction after something of this kind, says this report. 

The Guardian Original article ›
LyrArc Article Gist
In a game where the physical push and shove happened abundantly with many fouls including some involving Toni Kroos and leading to the sending off of Pedri, the Spaniards simply were the more resilient side. Spain led for most of the regular play period with a goal from Dani Olmo from a Yamal pass. Wirtz scored for Germany only in the 86th minute with a scramble taking place in front of goal. Spain were the better team overall and scored in extra time in what was a quarter final game but could have been the final, such was the intensity displayed by Germany who were seen by their fans as not having the determination to win in other games. Spain simply had some of the best players- Rodrigo, Yamal , Olmo and Morata and the play was relentless on both sides.

New York Times Original article ›
LyrArc Article Gist
Garry Wills doesn't like what he saw in the Bush Presidency with the elder Bush's advisor Dick Cheney having an influential role and almost independent powers within the Bush Presidency. What happens if the executive power has a former President and a newly elected President in the White House. He says that question was resolved in favor of not having this kind of plural Presidency when James Wilson of Pennsylvania's argument that executive power could best be checked with accountability in one individual as President was accepted by the framers of the Constitution. There appears to be a alienation from having a repeat of the Bushes Presidency in a Clintons Presidency among older white male voters, is this a trend that will hold true for the rest of the year?

Economy Losing Its Cushion

Wall Street Journal Original article ›
LyrArc Article Gist
Hilsenrath cites Robert Hall, a Stanford University professor whose research shows three fourths of American households do not have two months worth of income put away as cash or other liquid assets. The Federal Reserve researcher Karen Pence says 41% of households can borrow less than $3000 on their credit cards and 23% have been turned down or discouraged from applying for credit. This shows the general financial weakness of overly indebted American households and the overlayed effects of the housing crisis, and higher unemployment. It suggests the margin for consumers to weather difficulties and increase spending is thin.
Washington Post Original article ›
LyrArc Article Gist
During the primaries Trump appealed to blue collar voters of a white working class that felt neglected by leaders and policies of both parties that did not seem to work for ordinary people. Having caught onto this early long before Republican candidates, Trump registered a series of wins in the Republican primaries. He continued this theme in his acceptance speech at the Republican National Convention on July 21, 2016, saying- "The forgotten men and women of our country- people who work but no longer have a voice: I am your voice." The idea was to couple this with the theme of law and order and put perception of Hillary Clinton as part of the rigged system of the past that Trump would change, with Clinton's legacy described in terms of "death, destruction, terrorism and weakness." As a change agent Trump described his entering the political arena in terms of coming into this election only to help blue collar people "so that the powerful can no longer beat up on people that cannot defend themselves." The two themes for the rest of the election season- law and order, and blue collar lives- and who can best defend them a traditional Democratic politician with a fighting spirit for traditional Democratic values, or a blustery newcomer adept with slogans and the public mood and ironically representing the Democratic values of representing the working class to become the  Republican nominee, with the law and order theme thrown in. The voter or independent listening in to all this will hopefully ask what all this means. As the WSJ, July 19, 2016, pointed out in a recent look at economc policies under the two candidates- on Glass Steagall Act being reinstated to increase safety of the banking system that caused many of today's problems through the 2008 financial crisis both Trump and Clinton are similiar, on opposing trade agreements similiar except that Trump's bluster is a riskier approach, on infrastructure building similiar with Clinton's $275 billion plan spelled out out for source of financing and Trump's unclear as to source of financing. On immigration the candidates are different, on the minimum wage which impacts low income people Clinton supports $15 minimum wage and Trump has not taken a stand. On ISIS and the Middle East Clinton is in reality a hawk and not much difference in the candidates, on law and order more chance of divisions in the country with Trump than Clinton. Overall for the working class and blue collar voter his life will take a decade or more to rebuild, with both candidates commiting to go in that direction. And the bluster and ads to come- just that.  ...
BBC News Original article ›
LyrArc Article Gist
US naval blockade of Iran in Arabian Sea starts April 13 2026. US destroyed Iran's larger ships 158 of them, yet Iran also has a fleet of smaller attack boats which it plans to use in Hormuz. These are harder to detect and can be hidden in coves along the Iranian coast and used against ships. The US with its naval blockade is now prepared to do what it has done also in Venezuela, stop and interdict fast drug boats on the Venezuelan side in the Atlantic ocean. By blockading Venezuela in the ocean US is using its strengths, and stopping drug boats its ability to pinpoint traffic on the ocean. Similar capabilities are well suited to Arabian Sea and Red Sea on the open oceans and away from narrow Hormuz playing to US strengths and capabilities. Aircraft carriers and destroyers and the US Air Force is in a position to do what it does best control open seas like the British did in their heyday of the Royal Navy for most of 1750-1920. This avoids options of Hormuz itself with its narrow 15 mile gap of water between Oman and Iran too close to mountainous terrain on either side, and of the Kharg Island option which would require special forces to be backed up with more ground forces. This is the most viable option and the interlude of couple of weeks has given the president an opportunity to make a better choice for positioning the US forces where the US has its strongest points. What is lacking is the individual powers of Britain and France whose leaders Starmer and Macron have popularity below 20%. Yet the US is better off making good choices and not having these nations alongside. The posturing by European nations is limited to France and UK, as Germany and Italy are in sync with the US position. Much of the media operates as if the goal of preventing the spread of nuclear weapons to the Middle East is not important for long term peace for nations such as China and India with about 3 billion people and the billions of people of Asia, Latin America and Africa. For the first time in 400 years since 1600 as Asian civilizations began a long decline China and India have emerged in 2000-2030 into the kind of modern economies and societies that exist in Europe and the US. The last thing they need is the risk of destroying the Modern World with nuclear proliferation when it took centuries to get to the right opportunity after 1950 to modernize China and India. Xi's and Modi's generation are the first to experience modernization in Asia after Japan's experience. ...
The White House Original article ›
LyrArc Article Gist
The White House Council of Economic Advisors lists the accomplishments of president Trump for the First 10 Days in cost of living, in job creation, costly regulation, and the economy. Costly regulation cuts $935 billion of costs or $11,000 per family of 4 over the next decade. Lower interest rates improve access to housing saving households $1080 per year. Cost of pharmaceuticals down by 2% and energy prices down by 2%. Used motor vehicles and auto insurance price decreasing. DJT creating 345,000 jobs in the First 100 Days. 

Washington Post Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Prime minister Mario Monti responded with humor to the remark of former prime minister Berlusconi before the June 2012 summit of European leaders that he could unplug the Monti government, by saying that his government was not a home appliance. In August Monti's long intervew with the Wall Street Journal is published in which he says the Italian bond spreads with German bonds would be 1200 or something if Berlusconi was still running the government. Angelinia Alfano, of Berlusconi's party, the People of Freedom party, calls this "nonsensical" and the parliamentary whip calls this a "stupid provocation." WSJ's Alessandra Galloni intervewed the Italian premier. Monti's office says he called Berlusconi saying he regretted the "banal and abstract extrapolation of a trend in spread values, which was included in a wide ranging interview with the WSJ, was taken as a political consideration, which was not at all the intention."
New York TImes Original article ›
LyrArc Article Gist
The Putin Trump meeting in July 2018 creates a storm in the U.S. over denials by the Russian president and the U.S. president about any interference by Russia in the 2018 U.S. presidential election. As the New York Times reports all intelligence groups in the U.S. have confirmed the interference. The images of the two presidents saying this just as the Mueller investigation gathers evidence is one more unusual event in 2017-2018, with what was once seen as improbable taking place.

Washington Post Original article ›
LyrArc Article Gist
Theresa May, Britain's prime minister, makes a final plea to members of parliament to vote for her deal with the EU, saying the choice was between accepting her less than perfect deal or cut ties with Europe with no deal at all, which most people accept will inflict harm to the British economy. This happens as the 13th member of May's government, Mr. Gareth Johnson, quit opposing what he called an "half-in and half-out deal."

Wall Street Journal Original article ›
LyrArc Article Gist
The squeeze on consumers and consumer spending in Britain as wage growth cannot keep up with the consumer price index from 2007 to 2013. A widening gap between average wages and the consumer price index. Basic items such as potatoes, milk, butter, ham, eggs, apples, pork and other food items have gone up much faster in price compared to wages. From 2007 to 2013 basic food staples such as butter are up 99%, potatoes 148%, apples 56%, ham and eggs 50%, milk 31%, pork sausage 37%. Gasoline up 40%. The gap between average wages and the consumer price index has steadily increased since 2010 when Cameron and the Conservatives took office and the austerity measures were introduced to cut the deficit. Upto that time wages kept up with the consumer price index except for a period during the 2008 financial crisis, according to information from the UK Office of National Statistics. Government figures show wages up 1.1% for the 2nd quarter of 2013, much less than half the rate of inflation of 2.8% in July. The household saving ratio is forecast to drop from 7% in 2012 to 3.5% in 2013, and Britons are dipping into savings to pay for basics, according to the National Institute for Economic and Social Research. The House of Commons library compiled data shows average hourly wages down by 5.5% in real terms in Britain since mid-2010. Weak consumer spending hurts economic recovery and hopes of cutting the deficit. In the Bank of England's minutes for the August meeting policy makers said consumption growth cannot occur without increase in household incomes. ...
Washington Post Original article ›
LyrArc Article Gist
The 2018 budget deal brings Democrats and Republicans together by increasing defense and domestic spending both by about 10%. Spending caps are to be lifted by $500 billion over 2 years with 60% of this going to defense spending increases to bolster America's defense capabilities. Defense spending is a top priority for Republicans.  For Democrats this means staving off some cuts in Medicaid and Medicare, more college affordability funding, and 4 year extension of the Children's Health Insurance program that had expired, funding community health centers for another 2 years.

This also shows that both sides can reach agreement even with divisive rhetoric and serious differences over policies.

DW.COM Original article ›
LyrArc Article Gist
Only 6% of Chileans support president Pinera of Chile and 81% call management of the pandemic a failure. Parliament adopted reform that allows citizens to have 10% of pension savings paid out as emergency coronavirus aid. Latin America has no aid funds in the way aid is given in the U.S. and in the European Union, and in Britain, leaving people dangerously exposed during the pandemic. Chile was presented as a much more affluent country but this no longer holds true. This DW.com report says the government remains overwhelmed and helpless in the face of the pandemic and internal protests that started over pension inadequacies and subway price hikes, lack of healthcare services.

The Times of India Original article ›
LyrArc Article Gist
The Indian Supreme Court Bench of Chief Justice DY Chandrachud and JB Pardiwala rejected a petition of 14 political parties in India for guidelines to prevent avoidable arrest of political opponents, saying it is asking for special immunity for politicians.

"Ultimately a political leader is also a citizen, and as a citizen he or she is amenable to the same law."

"Once we accept that political leaders stand absolutely on the same footing as citizens of the country, they will face the same due process of law and are not entitled to a higher immunity than what is available under law."

"You (political parties) say there is selective targeting of opposition leaders. But at the same time you say you do not want any special treatment of politicians as they are only citizens of the country, they will face the same due process of law and are not entitled to higher immunity than what is available under law."

Washington Post Original article ›
LyrArc Article Gist
President Biden gives a rousing speech to the unions and the AFL-CIO, reminiscent of Lincoln's speeches as he debated Stephen Douglas in the struggle for the emancipation in the 1850's.

"Wall Street did'nt build this country, the middle class built this country. And the unions built the middle class. I'm not joking, without unions there would be no middle class. That's a fact."

Recalling the long lines for food during the pandemic-

"Ordinary people waiting in line for an hour for a box of food. And the policies in the past created more billionaires in the past than never before in our history." 

"Laying a strong foundation for the future of this country is more than having strong roads and bridges. It is about making sure, that here in America, folks who work hard can live their lives with dignity and respect."

 

Wall Street Journal Original article ›
LyrArc Article Gist
"China's Superbank," by Henry Sanderson and Michael Forsythe looks at the rise of China Development Bank to provide insights into the two decade real estate boom in China, and the trillions of dollars in loans made by state owned banks to finance China's state owned industries and infrastructure development. The authors say these loans based on land owned by the state, improved with roads and other infrastructure and then sold to industry, have helped finance China's urbanization and industrial development. But it has also created problems including eviction of farmers from the land by local government authorites increasing inequality, led to misallocation of capital on bad projects, and an unsustainable model of development focussed on state owned companies. A major side effect of this is not covered in the book. This is the impact of crowding out of credit for private industry in China, with privately owned business having to pay higher rates in the underground loan market or lacking financing. A major focus of the report "China: 2030" by the World Bank and China's official think tank Development Research Center is on reversing this development to come up with a sustainable development model. The report was supported by World Bank chief Zoellick and China's new prime minister Li Keqiang. "The Great Rebalancing," by Pettis, a finance professor at Beijing University, looks at the other side of the financing of China's boom- the low interest rates on savings for China's consumer. This reduces household incomes and reduces purchasing power as the interest rates are lower than the rate of inflation. Lower value of China's currency also reduces the purchasing power for China's consumers. Estimates show the low interest rates cost China's workers and consumers somewhere in the range of 3 to 8% of GDP annually in bank deposit income. This money is funnelled through the banking system to make more loans for infrastructure and growth at the state owned companies, concentrating exraordinary level of financing in one direction. As a result the consumption share of GDP in China has actually fallen in the two decades of hyper development. This is about 34% compared to 50-55% for other Asian economies....
Le Monde.fr Original article ›
LyrArc Article Gist
The French view of the DJT administration is that it is a rupture, an "historic rupture with immigration repression, aggressive trade policy, and undermining of federal and state institutions." This is far from the reality. In fact it is not a rupture, and far from that policy that DJT brought in the waning days of a tired cautious Obama administration that extended the war in Afghanistan long after it was clearly a failure from the Bush years. DJT called it common sense during his Inauguration speech waving his hands- so obvious, stay out of wars we have no purpose pursuing. Regain America's manufacturing base shipped out to China in the Clinton-Bush-Obama years 2000-2016 that helped the rise of China in phases of supply chain partner, competitor, adversary. French view Le Monde is that this is "aggressive trade policy," when in fact small towns across the US and France, and other industrialized EU nations, by losing their factory and industrial base to China have gone downhill losing jobs and standard of living. Tariffs and DJT policy was continued by Biden- there is no rupture. What French in Le Monde call "Immigration repression," is a policy of protecting border security including illegal drug and fentanyl flows and gang activity that was accepted by Biden and Biden-Republican Lankford legislation was agreed in 2024 to close the Border. There is no rupture from Biden on closing the Border.  With millions having crossed the Border illegally Republicans now have the support of Democratic Senators Gallego of Arizona and Fetterman of Pennsylvania in passing the Laken Riley Act in Congress to protect Americans and safeguard life in America.   ...
The Times Original article ›
LyrArc Article Gist
Russia uses SCO or Shanghai Cooperation Organization to present it's case on Ukraine saying a coup supported by the US and Europe was the root cause of the crisis, in other words an effort to turn a Russian language country against Russia with it's effort to delink from Russia and join the European Union. US seeing China as the main competitor is trying under a Republican administration to bring Russia back into the European and US fold. The Europeans Germany and France, UK under Macron, Starmer and Merz are pushing back and see it primarily from the Northern European perspective of a Russian threat as they have over centuries of rivalry in Europe since 1600. China sees Germany and German led EU as its main source of western technology, trade and capital needed for a state run capitalism to function effectively. Germany seeks to keep it's China relations on a even keel for its economic interests, so does China. In this situation it can be surmised that it is the Europeans that asked DJT to sanction India for buying Russian oil to cut Russian source of oil resource sales by $119 billion leaving China's $136 billion purchase of oil from Russia aside (knowing China would not cancel sales easily), to buy time till Germany can build up arms supply to Ukraine. India is buying time to make a gradual shift to stand with the US and the improved US-Russia relations under the Republicans can only help India gradually shift to where it always stands- with the English speaking people of the world, the US and Britain, a policy Gandhi firmly supported and which India as an ancient civilization of the Buddha and the Bhagavad Gita finds itself at home with.   ...
YouTube Original article ›
LyrArc Article Gist
Vigorous and eloquent testimony before Congress by Treasury Secretary Scott Bessent, answering questions from Republicans and Democrats. Bessent had just landed from London at 3 am in the morning and after 3 hours of sleep took the time to answer over 5 hours of questioning by members of the House of Representatives. In question after question he explained how the certainty offered by the tax cuts bill would help small business and job creation in the US. The permanence of the 100% expensing of buildings and equipment would help farmers and small business , regulations would be cut, and manufacturing would take off. Manufacturing employs 9% of the workers in the US and their wages will rise faster than for service workers. The combined effects of the improvements for small business, farmers and for manufacturing workers will help the American middle class, America's working class, and increase the growth of the economy. Bessent points out that in the original bill of which the new tax bill is an extension the top 10% paid 7% more in taxes in 2017. He also points out that workers were hurt the most by the slower rise in wages and the rise in cost of living of 21% in 2021-2022, which he says was in essential goods with the actual impact of about 30%. With higher jobs creation by small business and more investment in the economy more able bodied men can join the workforce and gain healthcare benefits under new rules. He pointed to low inflation at 2.1% and to higher job creation, and to higher growth in the economy of 2.6%, that with other savings could lower the deficit. ...
France 24 Original article ›
LyrArc Article Gist
Geoffrey Hinton, a pioneer in the development of AI, resigns from Google and warns about the dangers of AI. He says AI poses profound risks to humanity and society. He says it is hard to see how bad actors would not misuse AI for bad things.

The Guardian Original article ›
LyrArc Article Gist
This report in The Guardian shows that ChatGPT is nothing new. The first version of this kind of generative AI was developed in 1966 at MIT by a computer scientist Weizenbaum, who called it Eliza. The buzz around it like that around ChatGPT was that it was thinking and acting on its own, the way humans like to think it did, but in fact Weizenbaum showed that it was simply code written to take what was given to the computer as input and spitting it out in a different way that made it look that it was acting on its own, when it clearly was nothing but parroting it out like a parrot. The issue of turning our world over to robots based on AI is controversial and even dangerous. A Japanese futuristic movie shows how the man who has written the code for the master computer that runs everything in Japan is disillusioned about it and finds himself in a nightmare world where the machine tries to isolate and eliminate the man who created it. Machines cannot think or have emotions like humans do and it is these emotions, rethinking, that the world depends on for its survival. Can anyone say that a machine would have made the decision that Chinese president Jinping just made in January of making a complete u turn and moving away completely from lockdowns into a complete opening with a plan that appears to have worked and is reviving China's economy following the street protests by informal groups including young women? ...
WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
Without human consciousness Ai's simply lack the vital elements of what makes us human. So called intelligent behaviours don't amount to much in this the most important aspect of our behaviours that makes us human in the way we have evolved over long periods of time. A recent Japanese movie showed how even the creators of AI that runs things in a futuristic Japan find themselves trapped in an AI run society, and how AI fails Japanese society.


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