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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.


NYTimes.com Original article ›
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Places singer Linda Ronstadt visits in Tucson, Arizona, her home town, are shown here in the NYT. Abbie Kozolchyk herself from Tucson takes us to places in the Sonoran desert type region with Saguaro cactus. These are places which she has known from her childhood- the San Xavier del Bac Mission and the Mission Garden, the oldest European building in Arizona. Then there is the Sonoran Desert Museum. The Arizona Inn and the Barrio Brothers bakery.

Original article ›
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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."

WSJ Original article ›
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What the president is doing about the surge in imported goods from China that are subsidized and affect US jobs and industry. For steel president Biden plans to place an additional tariff that takes the existing 7.5% to 25%. Even though imports of Chinese steel have dropped to about 600,000 tons the imports from Mexico are high at 4.2 million tons and there is the risk that Chinese subsidized steel is coming through Mexico.

Wall Street Journal Original article ›
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The Journal's Jeff Bennett talks with Rodney O'Neal, the CEO of Delphi Automotive. O'Neal says Delphi's success depends on focussing on advanced technologies where emerging market producers are less able to compete. He has focussed on 33 product lines which are 'green,' safe' and connected.' If it doen't create value then revenue and cost numbers are wrong, is O'Neal's lesson from the bankruptcy filing. He likes the chaotic discussion coming form strong debate, where views are expressed with passion and counterpoints made, and he takes this debate seriously, because as he sees it choosing the right course is a significant task in itself, which takes much time to correct if wrong. There are major improvements in emission and fuel economy ahead and a high tech future for the automobile industry. He see America's future in high-tech where America can do better than emerging market producers, and ensuring that the steady flow of exceptional American talent continues to be channelled properly....
Washington Post Original article ›
Economist Original article ›
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The Economist points out that the Bush tax cut deal between Obama and the Republican leadership ignored concerns about the old ways of dealing with the defict- simply postponing decisions to deal with the public finances in a responsible way. Worse says the Economist, both sides showed they could buy each other off, which sets a bad precedent for the next two years.
New York Times Original article ›
New York Times Original article ›
New York Times Original article ›
WSJ Original article ›
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Distorted priorities from the last 2 decades and lack of investment allocation for healthcare are hurting states in the U.S at a critical time. With 16 million cases of coronavirus and 300,000 deaths in December, including over 3000 deaths a day by December 12, the situation is dire. Yet states lack the billions needed to conduct the vaccination program to pay for the trucks, get the refrigeration and storage, pay the nurses and the medical personnel, outreach costs, and other costs for a massive vaccination program. Some estimates are that states need about $9 billion for the vaccination programs. New York alone needs $1 billion. For years billions of dollars were wasted in distorted priorities that benefited certain groups at the expense of society as a whole. The very large companies that benefited paid little or no taxes. 

dw.com Original article ›
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Greens and SPD Social Democrat parties in Germany favor social spending, infrastructure spending, and climate change investments. Free Democrats party holding the Finance ministry supports  a brake on spending. There is no agreement on the budget in this coalition, says DW.com. SPD and FDP are not increasing in popularity and SPD could lose the chancellorship if there is a new election. The Greens and the CDU are increasing in popularity. For this reason the coalition is likely to continue even with this disagreement on spending.  SPD and Greens say higher taxes and elimination of some subsidies is one solution. The common platform has not resolved these differences. In the US president Biden has retained the support of voters in the midterm elections and has gained bipartisan support for building infrastructure and investing in renewable energy, cutting health care costs.

WSJ Original article ›
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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.

WSJ Original article ›
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The Hunter Biden investigation for non payment of taxes and illegally carrying a firearm was done under the US Attorney for Delaware David Weiss in 2018 appointed by Republicans, and extended into the Democratic Biden administration with Attorney General Merrick Garland. It ends in a plea deal. WSJ says this protects the Biden administration from any claims that it was helping the president's son.  He is the second son of Joe Biden and Neilia Biden. His mother and sister were killed in a car accident when he was a child. The only survivors Hunter and his brother Beau. Beau died of cancer in 2015. Hunter suffered a decline after that period leading to a divorce with Buhle in 2017, a troubling period for the whole Biden family she says. Hunter is a graduate of Georgetown and of Yale law school. 

Wall Street Journal Original article ›
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This Journal editorial says both Hollande and Sarkozy fail to address the issue of competitiveness in the French economy. Much of the election campaign in April 2012 has focussed on taxes on higher incomes and too little on measures that would improve competitiveness. Some of the action taken in recent years such as raising the retirement age to 62 from 60 are being opposed by Hollande, which gives the electon a fairy tale quality says the Journal.
Wall Street Journal Original article ›
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Polls show 83% of the German public support increasing the minimum wage to 8.50 euros an hour. About two thirds of the public support increasing income taxes on high wage earners. The Social Democrats talks with the CDU to form a coalition are likely to lead to CDU accepance of the condition for a minimum wage of 8.50 euros an hour, but not to the condition for raising the taxes on high income earners. The SPD sees the higher taxes as a way to pay for new infrastructure. A survey done for TV broadcaster ZDF shows 61% of Germans favoring a SPD-CDU coalition. In the 2013 elections the SPD gained 25.7% of the vote and the CDU-CSU gained 41.5%. The SPD is pushing for flexible retirement age, equal pay for men and women, a tighter financial regulation, and a growth and employment strategy in the EU.
The Guardian Original article ›
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This Guardian series explains what genetic diversity is and why it is so important in nature and important to feed the planet. It takes the simple banana and shows large plantations and companies produce the Cavendish banana and have let the thousands of other genetic varieties of bananas in Asia and Central America disappear. This is now affected by the Panama disease. In avocados the big farm companies have chosen the Haas and limited farming of other genetic varieties. The same is true of many of the vegetables and fruits one sees inthe supermarkets.  When it comes to foodgrains there were hundreds of foodgrains in nature over long periods of history but big agriculture companies have limited foodgrains to corn, wheat, rice and a few species only. Nature does not operate in this way as it operates with tremendous genetic varieties of  fruits or vegetables, and many species for foodgrains, so that if one is subject to disease or damaged, another more resilient one takes its place. To ensure that there is no food scarcity we have to embrace this kind of genetic diversity says this report in The Guardian. ...
Original article ›
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Rosie Millard takes up French at age 60 at London University. She lives just up the road from Birkbeck College. She comes back to the classroom in evening classes attended by people who work during the day. Here she describes her day at school learning French in a new environment of computers, the cloud, and a classroom of avid learners. Only 135,000 students in Britain took modern languages at GCSE A level with French doing the worst. Millard is bucking the trend. For seniors this is about resilience in aging as this as important as smoking cessation or cutting obesity habits say researchers to maintain a healthy vibrant brain well into the eighties and nineties.

The New York Times Original article ›
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British prime minister Theresa May makes a bid for working class votes in the 2017 election, just as the Labor party under Jeremy Corbyn announces its own manifesto seeking working class votes. May has proposed increasing the minimum wage to 60% of median earnings by 2020, and increased funding for the National Health Service by 8 billion pounds over 5 years. Corporate taxes will be reduced from 19 to 17% compared to Labor Party raising it to 26% under Corbyn's manifesto. Some of the Labor Party's supporters in the north of Britain are leaving the party because of dissatisfaction with Labor's leadership.

France 24 Original article ›
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French Premier Castex makes an effort to reassure the public in France as he takes the jab in Paris. The Astra Zeneca vaccine is back in use in France and new trials from the US show its 100% effectiveness in prevention of hospitalization and deaths, 79% effectiveness in preventing symptomatic illness. Experts also say it is safe.

The Times of India Original article ›
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The first virtual summit between the leaders of Australia and India takes place on June 4, 2020. The meeting is for further strengthening bilateral ties between Australia and India. This video   in the Times of India shows the opening statements in the summit by prime minister Morrison of Australia and prime minister Modi of India.

The Guardian Original article ›
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Few will believe Jill Biden taught aclass on the day of her husband's inauguration as U.S. president. Times change and anew president takes office. With him is Jill Biden a dedicated teacher for all her life. She has two masters degrees and a doctoral degree on the problems in higher education with dropping out in community colleges in the U.S.

As the U.S. goes back to the days of the Truman presidency in 1952 when it was all about rebuilding the country- education and access to education, healthcare and access to healthcare, infrastructure and funding the infrastructure from bridges, roads, airports, terminals. A new focus takes shape.

BusinessWeek Original article ›
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The facts that guide one's understanding of what is happening in Greece relate to the size of the public sector for a small country like Greece, and the failure of people from all classes of society from cab drivers and civil servants to small business and the shipping industry, to pay taxes. These two twin facts and a splurge of spending during and after the 2004 Olympics without proper and correct account keeping, has brought Greece to its present situation. One estimate is that every Greek person would owe 27,000 dollars, that is how much the national debt has swollen to- a massive 300 billion euros debt for a small country. This is 115% of its GDP. And the public sector spending simply went unchecked by different governments trying to win votes. Estimates are that the public sector makes up 40% of Greece's GDP, and government workers are 15% of the active workforce. Not paying taxes has become a societal trait in Greece, as a result the government does not collect an estimated 25 billion euros a year in taxes each year. And this does not include the taxes that would be paid if owners in the Greek shipping industry were to not take advantage of an exemption from paying taxes granted by the government. The result- Greece's socialist government of Prime Minister Papandreou has accepted a $110 billion euro bailout from the European Union and the IMF which comes with cuts in public spending and austerity measures designed to reduce the deficit form 13.6% of GDP to 3% in 3 years. Its important to understand what is happening in Greece, because from Prime Minister Cameron in Britain (with his cuts in government department spending of 25% over 5 years), to Prime Minister Naoto Kan of Japan (with a planned doubling of the sales tax), the mood in Europe and Japan is shifting to austerity measures that would correct excessive government spending. In Greece Papandreou and his ministers are making serious efforts to change a culture of not paying taxes. See the groups and links for Papandreou and Greece....
Wall Street Journal Original article ›
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The Journal editorial says Petraeus's experience would have been better utilized as Chairman of the Joint Chiefs. The fear is that he may have been miscast or shunted aside at the CIA. Cartwright is expected to become Chairman of the Joint Chiefs. General John Allen who takes over from Petraeus in Afghanistan has no experience there. Panetta faces a challenge at Defense to reduce spending.
NYTimes.com Original article ›
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Garrett Mussi rents 1000 acres of farmland in the San Joaquin Valley of California from Farmland which prepares land for organic farming. Peter Coy of the NYT  shows the growing trend towards organic farming with crop variation. Gussi's farm crops include almonds, squash, tomatoes, cucumbers, garlic. It takes three years for regular farmland to regenerate before planting can begin to meet standards of the US Department of Agriculture on organic certification. 

The Times Original article ›
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A Land Rover takes president Biden and Jill Biden into Windsor Castle where he has tea with Queen Elizabeth. Even at 95 years Biden says the Queen was as keen as ever to know what is happening in the world. Biden tells reporters "She was very gracious. She reminded me of my mother." The couple met the Queen earlier at a reception for G-7 leaders at the Eden Project, an ecocenter with tropical rainforest and Mediterranean environments.


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