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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.

German economy contracts in 3rd quarter – DW – 11/24/2023

  
dw.com - 11.25.2023 Original article ›
LyrArc Article Gist
After two quarters of no growth the German economy contracted by 0.1% in the third quarter of 2023. The Constitutional Court ruled that German government's diverting $60 billion of unused pandemic funds to its climate and transformation fund was unconstitutional. If cuts are made in public spending as a result it could push Germany into a recession, says IMK Institute.

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German rail union warns of fresh strikes after talks fail – DW – 11/24/2023

  
dw.com - 11.25.2023 Original article ›
LyrArc Article Gist
Germany's train drivers union GDL is in talks with Deutsche Bahn for wage increases of $606 per month with an inflation bonus, and a 35 hour week instead of 38 hour week. The Deutsche Bahn management has offered a 11% raise and inflation bonus. Last week GDL staged a warning 20 hour strike.

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ECB president Christine Lagarde’s son lost money invested in crypto

  
- 11.25.2023 Original article ›
Mehreen Khan
LyrArc Article Gist
The European central bank chief and former French finance minister takes a dim view of crypto currency. It has called for direct regulation of crypto currency, and their inclusion in anti money laundering and terrorist financing laws. ECB's view is- "Since Bitcoin is suitable neither as a payment system nor as an investment, it should be treated as neither in regulatory terms and should not be legitimised."

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Original article 1 minute, gist 1 minute

US and Germany ‘pressing Kyiv to end war in Ukraine’

  
- 11.25.2023 Original article ›
Oliver Moody, Berlin

Growing Numbers of Chinese Migrants Are Crossing the Southern Border

  
NYTimes.com - 11.25.2023 Original article ›
Eileen Sullivan
LyrArc Article Gist
About 24,000 Chinese people from China took the route through Ecuador to the Darien Gap and then to the US border with Mexico. This is the fourth largest group after Venezuelans, Guatemalans and other migrants entering the US. Out of 1.3 million people in the US with orders to be deported 100,000 are Chinese, says this report in NYT.

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As Groundwater Dwindles, Powerful Players Block Change

  
NYTimes.com - 11.25.2023 Original article ›
Christopher Flavelle, Mira Rojanasakul

First Captives Freed in Tense Gaza Truce Between Israel and Hamas

  
NYTimes.com - 11.25.2023 Original article ›
Patrick Kingsley, Christina Goldbaum, Rami Nazzal, Alan Yuhas

Austerity casts an ever-longer shadow over Tory and Labour economic policies

  
The Guardian - 11.24.2023 Original article ›

Our Guide to OpenAI, Sam Altman and What the Heck Happened

  
WSJ - 11.24.2023 Original article ›
Staff

AI ‘Accelerationists’ Come Out Ahead With Sam Altman’s Return to OpenAI 

  
WSJ - 11.24.2023 Original article ›
Christopher Mims

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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Homeless in the City Where He Was Once Mayor

  
NYTimes.com - 11.24.2023 Original article ›
Mike Baker
LyrArc Article Gist
This amazing story about Bend Oregon is a reminder of the mental health crisis that lurks behind the homelessness crisis in America's cities. It is also most unusual because it is about the Mayor of Bend, Oregon, grandson of the mayor of Bend, Oregon then a timber capital in the 1900's, who is a public defender attorney, and finds himself at at a homeless shelter in 2023 in the city he built, the result of mental health issues. He reconciles with two daughters before his death after periods of isolation from his family and ending up in a homeless tent on city streets. At one point he had helped turn Bend into a tourist destination pushing up average home prices to $800,000 to protect residents when timber demand dropped. He finds himself unable to afford a home in this very same town after his mental illness and losing his job.

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Israel-Hamas War: Israel and Hamas Work to Clinch Details of Cease-Fire and Hostage Deal

  
NYTimes.com - 11.24.2023 Original article ›
Patrick Kingsley, Ronen Bergman

Oil-and-Gas Companies Account for Only 1% of Clean-Energy Investment Globally, IEA Says

  
WSJ - 11.23.2023 Original article ›
Giulia Petroni
LyrArc Article Gist
Global energy companies earning average annual revenues of $3.5 trillion since 2018 are investing only a paltry 2.5% of their investment in clean energy, says IEA. This is 1% of the total spend on clean energy. This report comes on the eve of the COP28 Summit in Dubai.

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Rise in net migration threatens to undermine Rishi Sunak’s tough talk

  
The Guardian - 11.23.2023 Original article ›
LyrArc Article Gist
A threefold increase in immigration to meet staff and labour shortages makes using immigration as an issue in the next election risky for Rishi Sunak and the Conservatives in Britain. In a strange twist it is the Conservatives under Boris Johnson who campaigned on immigration  to take Britain out of the EU now having a record on immigration of this kind. In 2019 Sunak battlecry " get Brexit done" was for lower immigration from a level of 245,000 that year. In 2022 it was a net migration of 720,000 for Britain. Most of this has come from student, work and family visa routes, and legal asylum channels from Ukraine Hong Kong and Afghanistan. Now economists believe it is a result of shortages of labour and staff, and high domestic wages.

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EU Helps Finland Secure Its Borders Amid Migrant Influx From Russia

  
WSJ - 11.23.2023 Original article ›
Ann M. Simmons

Inside the Secret Israel-Hamas Negotiations to Release 50 Hostages

  
WSJ - 11.23.2023 Original article ›
Summer Said, Jared Malsin, Gordon Lubold, Stephen Kalin, Dov Lieber
LyrArc Article Gist
The great persistence shown by president Biden in negotiating with Hamas through Qatar's emir and with Israel's Netanyahu to get both to come to an agreement for release of hostages. This was delayed twice, once with Israel's takeover of the Al Shifa hospital complex in Gaza and then with recalcitrance shown by both sides to agree over which hostages would be released. Each time Biden persisted till he got the deal for both hostage release and a temporary ceasefire that could be the basis for future settlement of decades of conflict. Biden has expresssed his determination to end this conflict. In this he has the support of the world community of nations.

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Israel-Hamas War Live Updates: When Will Hostages in Gaza Be Released?

  
WSJ - 11.23.2023 Original article ›
LyrArc Article Gist
With Qatar as an intermediary a hostage release deal is negotiated with Hamas, including a temporary ceasefire on Friday, November 24, 2023.

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Dutch election: Far-right's Wilders aims to be PM after shock win

  
Reuters - 11.23.2023 Original article ›
Johnny Cotton, Toby Sterling, Bart Meijer
LyrArc Article Gist
Geert Wilders Freedom Party wins 37 seats in the 150 seat Dutch parliament. Dilan Isigloz leading Rutte's party gets 24 seats who also seeks control of immigration.  Netherlands is already seeing a surge in sentiment against high levels of immigration. About a quarter of all immigrants, 403,000 in 2022 up 150,000 from 2021, 103,000 are from Ukraine and 257,000 or 64% are from EU countries (Statistics Netherlands). Mark Rutte's coalition government collapsed when he sought curbs on immigration. A left alliance got 24 seats and Timmermans's EU party got 24 seats.

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Far-right populist Wilders books major victory in Dutch election-exit poll | CNN

  
CNN - 11.23.2023 Original article ›
LyrArc Article Gist
Netherlands has a population of 17.2 million people concentrated in a few cities Rotterdam, Amsterdam and Hague. Immigration is increasing rents in this region. Wilders is likely to form a coalition governmnt with the centrist Mark Rutte's Freedom and Democracy party and the Social Contract party, all seeking to control immigration. Critics say it would take building a city like Utrecht every few years to find housing for all the immigrants entering the country.

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Is the Netherlands full up with refugees?

  
- 11.23.2023 Original article ›
Peter Conradi
LyrArc Article Gist
Netherlands is becoming a much more crowded country with housing scarcity and high rents with increasing immigration. At this pace the population which was only 10 million in 1950 and 14 million in 1980 is now 17.2 million and expected to hit 22 million. By 1950 Queen Juliana in her parliament speech was calling for migration to ease congestion, says The Times. 620,000 people migrated to Canada, Australia. and 450,000 returned from Dutch East Indies, now Indonesia. Most parties now oppose the high level of immigration into the urban sprawl of Rotterdam, Utrecht and Amsterdam home to about 9 million people.

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How a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI

  
WSJ - 11.22.2023 Original article ›
Robert Mc Millan, Deepa Seetharaman
LyrArc Article Gist
The internal feuds within Silicon Valley about ideas of altruism that support unlimited personal pursuit of profit including monopolistic behaviours, in the measure of their greed. And the presentation of lack of personal involvement in such gains by calling it altruistic. This justifies and puts a neat face on unlimited personal wealth creation in Silicon Valley at a time of great inequality and poverty in America. The consequences can be seen in the crumbling infrastructure and transportation services in New York City compared to that in newly industrializing countries such as China and India, the result of misallocation of capital.

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Dutch on brink of electing first female leader

  
POLITICO - 11.22.2023 Original article ›
LyrArc Article Gist
Dilan Isigloz is unusual in the Netherlands or in the EU. She leads the Democracy and Freedom Party of prime minister Rutte into the Dutch 2023 elections with the highest likely vote of 18%, tied with the New Social Contract Party. She is both a woman and an immigrant herself who is trying to curb immigration so that the Netherlands can absorb the immigrants it already has including good housing and other services.

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Original article 1 minute, gist 1 minute

The Man Looking to Upend an Unpredictable Dutch Election

  
NYTimes.com - 11.22.2023 Original article ›
Claire Moses
LyrArc Article Gist
Housing and migration are major issues in the Dutch election. Omtzight is an intellectual who heads the New Social Contract Party that has economic policies to help working families and also wants to see curbs on migration. It ends a period of 14 years in which Mark Rutte a moderate was prime minister, 

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Ukraine Heads Into Winter With a Fragile Power Grid

  
NYTimes.com - 11.22.2023 Original article ›
Constant Méheut
LyrArc Article Gist
NYT looks at another winter for Ukraine's power grid, with little spare equipment and a lot of unfinished work. The war drags on into 2024.

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