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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.

Essay | Binance and the End of Crypto’s Dream to Escape From Government

  
WSJ - 11.24.2023 Original article ›
Henry Farrell, Abraham Newman
LyrArc Article Gist
The US government takes strict action against Binance following the action against Sam Bankman-Fried's FTX crypto exchange after its bankruptcy. The settlement fine is $4.3 billion and is intended to ensure strict compliance with US laws. Binance will also be required to monitor and report all transactions to the US government and act for enforcement of US laws and regulations. It is intended to bring this part of US capital markets that was acting as being outside the law under the strict oversight of the US government.

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Lothal, ‘oldest dock in the world’, to get heritage complex: Features, significance of the project

  
The Indian Express - 10.19.2022 Original article ›
LyrArc Article Gist
The National Maritime Heritage Complex as a World Heritage Site is shown here in the Indian Express, as prime minister Modi opens  the maritime site of the Indus civilization that existed in India in the period 2500 BC to 1500 BC. It was discovered in 1921 by Sir Hubert Marshall in the region that extends from Gujarat to Sind and the Punjab settled by the Harappan people. The four oldest civilizations are the Mesopatamian, Egyptian, Harappan Indus, and Chinese civilization, which makes this an important part of human history and cultural development.

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Original article 1 minute, gist 1 minute

NATO won't create '2nd-class' allies to soothe Russia, alliance head says | DW | 07.01.2022

  
DW.COM - 01.07.2022 Original article ›
LyrArc Article Gist
Sweden and Finland say they want to preserve their right of self-determination to join NATO. Russia will meet with NATO in the context of the NATO-Russia Council on Jan. 12, 2022, for discussions. Russia has given its list of grievances and demands to the US in meetings between Biden and Putin. The Western alliance and NATO aligned nations in Eastern and Northern Europe see standing firm together as the best way to counteract Russian pressures as it places 100,000 Russian troops on Ukraine's borders.

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Original article 3 minutes, gist 1 minute

Where Inflation Is Hitting Hardest: Prices of Groceries, Utilities, Rent Jump

  
WSJ - 02.10.2022 Original article ›
David Harrison
LyrArc Article Gist
Year over year rise in prices in January 2022 that contributed significantly to inflation of 7.5% in the US are-

For power up by over 10%, gas prices up over 20%

For groceries bakery, cereals etc up by 1.4%

For housing prices up by over 4%.

For used cars over 40%, new cars over 12%.

Health care services costly in the US far above the other OECD countries not down significantly continuing to burden American households.

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Original article 3 minutes, gist 1 minute

Opinion | Indictment Four: Trump as Racketeer

  
WSJ - 08.15.2023 Original article ›
The Editorial Board
LyrArc Article Gist
The Trump indictment under RICO or racketeer laws draws this reaction in the WSJ. WSJ says the alleged behaviour was rotten, but does it gain credibility by being prosecuted under racketeer laws. It describes the Trump response as more delusional than criminal- that a decisive share of Republicans in suburbs did not want Mr. Trump for four more years. WSJ Editorial Board view is that there is no defending the conduct undermining confidence in the election result in 2020 and it would be a mistake for Republicans to try.

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Jenni Hermoso: Record goalscorer, serial swearer and icon of Spanish sport

  
The Athletic - 08.30.2023 Original article ›
Laia Cervelló Herrero
LyrArc Article Gist
Spain's soccer icon Iniesta's support for Jennifer Hermoso and the rest of the Spanish women's soccer team speaks for everyone. Here Laia Herrero tells the story of Hermoso's grandfather a goalkeeper for Athletico and her father who encouraged her to play soccer at the park in her Madrid neighborhood. She started playing for Athletico when she was 14 years and has also played for Barcelona. She has a record as Spain's most prolific goal scorer.  

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Original article 1 minute, gist 1 minute

Why wild swimming is Britain's new craze

  
BBC News - 09.06.2023 Original article ›
LyrArc Article Gist
With pools closed swimming outdoors in natural settings became popular during the pandemic . BBC looks at this trend which was also called wild swimming or swimming in wilderness environments. Across Britain in lakes and along the coast it became popular to take a swim sometimes in temperatures that were quite cold. Wildnerness swimming could be at normal temperatures and as a definite value for mental health, just as is shown for barefoot walking on grass as shown on this page by German wellness guru Kniepp. 

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Rishi Sunak comes out fighting over net zero but he’s pursuing a risky strategy

  
The Guardian - 09.20.2023 Original article ›
LyrArc Article Gist
This analysis in The Guardian says prime minister Sunak's strategy in Britain to water down net zero goals and gasoline car phase out deadlines is not likely to prove popular with voters. Mr. Sunak is looking for ways to revive Conservative fortunes after 13 years in power and Labor under Keir Starmer 15-20 percentage points ahead in polls for much of the year. It also comes as Liz Truss is gaining some support inside the Conservative party, leaving Conservatives divided after Boris Johnson's departure.

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Climate Change Is a Key Obstacle for New York City’s Transit System

  
NYTimes.com - 10.05.2023 Original article ›
Ana Ley
LyrArc Article Gist
The New York Metropolitan Authority tht runs the city's subway system is in need of major capital spending to renovate a crumbling and old structure. The capital spending plan includes replacing 5500 rail cars, 6000 buses, all of its 493 elevators. 550 locations have been identified for flooding from the Hudson River. The assessment was released after last weeks storm flooding the subway system and shutdown of half the system. A first in the nation congestion pricing program will help fund the improvements and discourage drivers from Midtown Manhattan.

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Surprisingly Strong Hiring Sends Bond Yields Higher

  
WSJ - 10.06.2023 Original article ›
Gwynn Guilford, Nick Timiraos, Sarah Chaney Cambon
LyrArc Article Gist
With the September jobs report president Biden can now say "we have created 13.9 million jobs." President Biden has allocated resources and capital to the counties in America that need it most, which have suffered from lack of economic growth. He has also invested in American workers and families like never before. Only under the administrations of FDR and Truman was such a large effort made to change the direction of the country, bringing hope to workers and families and improvement in their lives.

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Hamas attack has abruptly altered the picture for Middle East diplomacy

  
The Guardian - 10.08.2023 Original article ›
LyrArc Article Gist
The Guardian looks at Iran's role in the Hamas attack on Israel, and its intentions to prevent a deal betwen Israel, Saudi Arabia and the US that was being negotiated this month. It looks at the situation in the Middle East and the role of Egypt, Turkey, UAE, Qatar and Saudi Arabia in the crisis,  their historic role of supporting Palestinian rights and how their national interests have shifted over the last three decades to seek friendly relations with Israel, the EU and the US.

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Nobel Laureate Louise Glück Dies at 80

  
WSJ - 10.13.2023 Original article ›
Suryatapa Bhattacharya
LyrArc Article Gist
American poet Louise Gluck, poet in residence at Yale University dies at 80. She won the Nobel Prize for Literature for her poetry, and for her classic poem The Wild Iris. The poem looks at death in a different way. In today's world after the pandemic and conflicts it offers a new sense of hope-

The pine shifting then nothing- the weak sun flickering ending abruptly- the stiff earth bending a little

Then a voice - deep blue shadows on azure sea water

 

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Toyota Gives 9% Pay Bump to Most U.S. Auto-Factory Workers, Following UAW Gains in Detroit

  
WSJ - 11.01.2023 Original article ›
Sean Mc Lain
LyrArc Article Gist
Toyota follows the increase of 25% for 146,000 workers at Ford, GM and Stellantis with a wage increase of its own of 9% to take wages at Toyota to $34. It cuts the time for newly hired workers to reach that level from 8 years to 4 years. The UAW had won similar gains for its workers in negotiations with Ford, GM and Stellantis. This also shows that the UAW was speaking not only for its worker base but also for workers at non unionized plants such as Toyota.

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‘The children screamed for hours’: horrors of Hurricane Otis leave devastation for Acapulco’s poorest

  
The Guardian - 11.04.2023 Original article ›
LyrArc Article Gist
One aspect of climate change is how quickly a storm develops in severity. This happened in Libya recently. It happened again on the Pacific cost of Mexico in Acapulco. Within hours a storm that was seen as Category 1 turned into a Category 5 storm, and the worst ever to hit the Pacific coast. Leaving no time to evacuate. About 80% of hotels in this tourist location were destroyed by winds at 165 mph. 200,000 homes were swept away. Damage estimated at costing $2.8 billion to restore the region.

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Lavish Tax Credits and Trade Protections Lure Solar Firms to U.S.

  
NYTimes.com - 11.08.2023 Original article ›
Ana Swanson, Jim Tankersley
LyrArc Article Gist
China build its solar industry with huge subsidies, the US did not. From 2018 to 2022 the US solar industry suffered with lack of help from the US government under the Trump administration and the first year of the Biden administration. 30 US based solar companies shutdown in a bloodbath and many jobs were lost. Enter the climate law in 2022 under president Biden and in 2023 the US investment in solar reached $8 billion, three times what it was in the previous 6 years. 

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FDIC Chair, Known for Temper, Ignored Bad Behavior in Workplace

4 Groups   
WSJ - 11.16.2023 Original article ›
Rebecca Ballhaus
LyrArc Article Gist
This WSJ Investigation into workculture and poor treatment of women and minorities shows behaviour has not changed over the years. Some of the internal investigations go back to the time when Sheila Bair was head of the FDIC in 2009. The FDIC plays an important role in regulation of the banking system. It is not attracting younger employees with the workculture. That this has been ignored for so long is over decades is beyond comprehension, that such behaviour could exist as reported in the WSJ is astonishing. 

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Opinion | Another NAEP Test Score Disappointment

  
WSJ - 06.22.2023 Original article ›
The Editorial Board
LyrArc Article Gist
There is a great loss of learning for children that may never be recovered following the pandemic. Data released recently show that for many years now two thirds of 4th graders are not able to read at the proficiency levels of the National Assessment of Education Progress, NAEP test. This is a period when America has not invested in its children, has not invested in its people. Much of $346 billion going to venture firms in 2021 was wasted. Returns of negative 7% in 3rd quarter 2022 for venture firms.

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‘Overcome by emotions’: Colombia react to historic World Cup win over Germany

  
The Guardian - 07.30.2023 Original article ›
LyrArc Article Gist
The Colombian women's soccer team's win 2-1 over Germany in World Cup 2023 shows how much has changed in women's soccer worldwide. WIth only about 30% of the possession the Colombian team dominated the game. The winning goal came in the 89th minute of the game from a stunning header by Manela Vanegas. Colombia led for most of the game. Linda Calcedo scored first for Colombia. The last time Germany lost a game in global games was in 1995 against Sweden. 

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On One Texas River, Four Dam Failures Show Harsh Reality of Aging Infrastructure

  
WSJ - 08.02.2023 Original article ›
Joe Barrett | Photographs By Kaylee Greenlee Beal For The Wall Street Journal
LyrArc Article Gist
The bursting of a dam on the Guadalupe river in Texas shows the problems of aging infrastructure in the US. The Lake Dunlap dam was built in the 1920's to generate electricity for rural homes in the state, and is one of six dams on the Guadalupe river. There are 91,815 dams in the US with an average age of 61 years, according to the US Army Corps of Engineers. It would cost $157 billion to repair and build new dams to replace these aging dams.

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F.T.C. Issues Ban on Worker Noncompete Clauses

  
NYTimes.com - 04.24.2024 Original article ›
J. Edward Moreno
LyrArc Article Gist
Most people do not realize how prevalent noncompete is with about 30 million workers affected. What the new FTC order under the Biden administration does is to ban such noncompete clauses that prevent workers from seeking jobs or working with rival companies. This will increase competition and boost wages. This is another instance that shows free markets were never really free from its advocates since the Reagan era and free was limited to interests of companies or monopolies, where it conflicted with their interests there would be no freedom.

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Angela Merkel, German Chancellor, to seek fourth term - BBC News

  
BBC News - 11.21.2016 Original article ›
LyrArc Article Gist
Angela Merkel announces her decision to run for reelection as chancellor on Nov. 20, 2016, saying she will "fight for our values and our way of life." About 55% of Germans support Merkel. After 11 years in office Merkel if reelected would exceed the record in office set by Helmut Kohl from 1982 to 1998. Germany does not have term limits for the position of chancellor. The changed political situation in the U.S. and Britain has made the role of Germany much larger in international affairs.

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Original article 3 minutes, gist 1 minute

Trump Once Promised to Revive Coal. Now, He Rarely Mentions It.

  
NYTimes.com - 06.14.2024 Original article ›
Lisa Friedman
LyrArc Article Gist
Utilities moved away from coal under the Trump administration. In 2024 energy from coal is three times costlier than energy from solar or wind. Coal is now being phased out as it now produces only 16% of the US energy needs from 50% under the Obama administration 2008-2016. First there was the shift to fracking natural gas from coal and now there is the shift to solar and wind. States needed by the two parties such as Michigan, Arizona and Wisconsin are not coal producing states.

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Election 2024 live updates: Trump says Harris ‘happened to turn Black,’ holds rally in Pa.

  
Washington Post - 07.31.2024 Original article ›
LyrArc Article Gist
The former president Donald Trump and Rachel Scott of ABC Q&A session turned into controversial remarks about Kamala Harris. About not knowing she was black "until a number of years ago when she happened to turn Black." And now she wants to be known as Black."

Former Maryland Governor and candidate for senator from Maryland Larry Hogan says “It’s unacceptable and abhorrent to attack Vice President Harris or anyone’s racial identity. The American people deserve better."

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Original article 18 minutes, gist 1 minute

Harris Seeks Suburban Swing to Offset Trump Gains

  
WSJ - 10.26.2024 Original article ›
John Mc Cormick | Photographs By Sara Stathas For Wsj
LyrArc Article Gist
Some Republicans in the three WOW suburbs around Milwaukee, Wisconsin- Waukesha Ozaukee and Washington counties- are shifting towards Democrats. This swing was clearly seen across the US in votes for Nikki Haley even after the Republican candidate withdrew in the contest with Trump. Abortion, democracy, and the erosion of the "big tent" are issues for women and college educated young people. In the past Democrats were dominant in Milwaukee and Madison and Republicans in the suburbs. This is changing in 2024 as the suburbs are being contested.

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In the UK, the multicultural model has withstood the riots

  
Le Monde.fr - 09.07.2024 Original article ›
Cecile Ducourtieux
LyrArc Article Gist
In a country where respect for multiculturalism has developed over its long postwar history and from the British Commonwealth of nations, this diversity as held up in the face of the riots in the UK in 2024. This followed stabbing incident at a children's party in Southport which was alleged to be the work of a migrant. This spread to many communities including Leeds and Manchester. Decades of falling living standards in towns such as Hartlepool, Middlesbrough, and Rotherham, added to these riots.

 

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Original article 1 minute, gist 1 minute

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