World News Insights
1-3 Minute Gist

Browse Articles or use Lyrarc's US patented "Groups" and "Links" for new insights. A Lyrarc Group of Articles on a topic gives insights into particular angles shown in the Group Title. A Lyrarc Link shows more specific insights for 2 articles.

Xi Jinping Tariff Negotiating Strategy with US Articles

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.

Adam Neumann Wounded WeWork, an Office Market Bust Finished It Off

  
WSJ - 11.02.2023 Original article ›
Eliot Brown, Konrad Putzier
LyrArc Article Gist
The work space company WeWork is valued at $47 billion then 4 years later in 2023 it is filing for bankruptcy. In 4 years FTX a cryptoexchange founded in 2019 collapses and by 2023 its founder is convicted on 7 counts.  Huge amounts of capital continue to be wasted in these schemes when America needs to Build Better Faster and Better to meet infrastructure needs, and in education and healthcare.

Read LyrArc gist ›

Sam Bankman-Fried Is Convicted of Fraud in FTX Collapse

  
WSJ - 11.02.2023 Original article ›
James Fanelli, Corinne Ramey
LyrArc Article Gist
A New York federal jury convicts Sam Bankman-Fried on all 7 counts. The US Attorney in Manhattan had this to say- "While the cryptocurrency industry might be new, and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time. This case has always been about lying, cheating, stealing, and we have no patience with it." In ways similar to the continuing war that is taking place across many sectors Mr.Bankman-Fried's lawyers tried to paint a different picture that turns out to be far from the truth- that he was a math nerd and an entrepreneur building a new business using innovative ways.

Read LyrArc gist ›

China Mourns Former Premier Whose Death Hovers Over Xi Jinping

1 Links 1 Groups   
WSJ - 11.02.2023 Original article ›
Chun Han Wong
LyrArc Article Gist
China mourns the loss of premier Li Keqiang who served for over a decade with Xi Jinping. Li Keqiang died at the age of 68 years from heart failure. Li came from a humble background and was fortunate to be able to complete his education just when China was opening up to the world. He passed university exams soon after the end of the chaos from the Great Proleterian Cultural Revolution. He eager to absorb ideas about western constitutional government at the time.

Read LyrArc gist ›

Forget Working for a Brand-Name Company. Workers Want to Get Paid.

  
WSJ - 11.02.2023 Original article ›
Callum Borchers
LyrArc Article Gist
Jobs with prestige and long hours that pay less are being shunned today in 2023 as workers have to make ends meet during a cost of living crisis. Even prestigious NIH fellowships at about $58,000 are not attracting interest.

Read LyrArc gist ›

From Taxi Driver to Trump Case: Colorful New York Judge Is in the Spotlight

  
WSJ - 11.02.2023 Original article ›
Jacob Gershman
LyrArc Article Gist
Arthur Engoron pursued a music career while he earned degrees from Columbia and New York University, even taking a break from working at 2 NY law firms to pursue music. He worked as a cab driver during college. Engoron is unfazed by having to deal with Mr. Trump's tactics, and by the issues in the inflated values civil fraud case launched by the NY Attorney General Letitia James.

Read LyrArc gist ›

UAW’s Six-Week Strike Was Barely a Speed Bump for Jeep’s Hometown

  
WSJ - 11.02.2023 Original article ›
Harriet Torry

The UAW Beat Detroit. Tesla Will Be a Different Beast.

  
WSJ - 11.02.2023 Original article ›
Tim Higgins
LyrArc Article Gist
Tesla at $24 per hour faces a challenge when Toyota which increased wages by 9% for non unionized labor pays $34 per hour for assembly line workers. Toyota did this after the new settlement with the UAW for 146,000 workers at Ford, GM and Stellantis. What it means is that instead of setting the wage standard Tesla will be a less attractive option for workers as other foreign automakers Nissan, VW and BMW increase their wages. The UAW union does not have to organize at Tesla for fair wages as Tesla's 20,000 workers would become the lowest paid, and least attractive option for workers. And Tesla would become an exception to fair wages in a cost of living crisis.

Read LyrArc gist ›

U.S. Seeks Help From Arab States to Plan Gaza Governance After War

  
WSJ - 11.02.2023 Original article ›
William Mauldin
LyrArc Article Gist
Plans for a peacekeeping force for Gaza. President Biden opposes Israel running the Gaza region after the end of the war. The US looks to Qatar, Egypt, Jordan for assistance in a peacekeeping force. No Arab neighbors support this option of a peacekeeping force while the war is going on. A UN peacekeeping force similar to the one in Korea that settled the Korean War is also an option, as is multinational peacekeeping force that remains in Gaza including Arab neighbors. This would require a settlement for a Palestine state to secure support of Arab neighbors.

Read LyrArc gist ›

How a Blind Runner Trains for the New York City Marathon

  
NYTimes.com - 11.01.2023 Original article ›
Lola Fadulu

Portland Teachers Are on Strike, Closing Schools in Oregon’s Largest District

  
NYTimes.com - 11.01.2023 Original article ›
Sarah Mervosh, Mike Baker
LyrArc Article Gist
Portland, Oregon's 45,000 school teachers are now on strike asking for wage increases of 8.5% in 2024,  6% and 5% in subsequent years, to meet the cost of living crisis. The average salary for a Portland teacher is $87,000 slightly below the median average for a family of four.

Read LyrArc gist ›

Offshore Wind Firm Cancels N.J. Projects, as Industry’s Prospects Dim

  
NYTimes.com - 11.01.2023 Original article ›
Stanley Reed, Tracey Tully

Fed Holds Rates Steady and Pledges to Proceed Carefully

  
NYTimes.com - 11.01.2023 Original article ›
Jeanna Smialek
LyrArc Article Gist
The US central bank, the Fed, holds interest rates steady at 5.25% to 5.5%, while holding out the possibility of increasing rates in the future. Overall price increases have declined to 3.4% since September 2023, from 7% earlier, allowing the Fed more room to pause increase in interest rates to fight inflation.

Read LyrArc gist ›

A Record Oil Gusher Infuses Tiny Guyana With Wealth and Worries

  
WSJ - 11.01.2023 Original article ›
Kejal Vyas, Collin Eaton

China, U.S. to Meet for Rare Nuclear Arms-Control Talks

  
WSJ - 11.01.2023 Original article ›
Michael R. Gordon

Orsted Books $4 Billion in Impairments, Walks Away From Two U.S. Offshore Projects

  
WSJ - 11.01.2023 Original article ›
Dominic Chopping

The Economy Is Great. Why Are Americans in Such a Rotten Mood? 

  
WSJ - 11.01.2023 Original article ›
Greg Ip

Wind Power Write-Downs Cast Shadow Over Industry Outlook

  
WSJ - 11.01.2023 Original article ›
Giulia Petroni

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.

Read LyrArc gist ›

Americans Can Stick More Cash in Their 401(k)s Next Year, Thanks to Inflation

  
WSJ - 11.01.2023 Original article ›
Richard Rubin

Fed Extends Pause on Interest-Rate Hikes but Keeps Door Open to Higher Rates

  
WSJ - 11.01.2023 Original article ›
Nick Timiraos

Jeep Maker Stellantis Says It Lost $3 Billion of Revenue Due to UAW Strike

  
WSJ - 10.31.2023 Original article ›
David Sachs
LyrArc Article Gist
Stellantis reports a loss of $750 million on sales of 41 billion euros for third quarter 2023. As a company with operations distributed evenly all over the world Stellantis suffered smaller losses than GM and Ford. GM's losses of profit were $1.3 billion and Ford's $800 million. From the point of view of workers who want a settlement for fair wages in a cost of living crisis keeping losses sustained by the car company to a minimum so that the industry as a whole does better is important, because when the companies do better so do workers and management. 

Read LyrArc gist ›

America’s Offshore Wind Ambitions Are Coming With Bigger Price Tags

  
WSJ - 10.31.2023 Original article ›
David Uberti

Biden’s ‘Junk Fee’ Crackdown Comes for Retirement Advice

  
WSJ - 10.31.2023 Original article ›
Anne Tergesen
LyrArc Article Gist
Lael Brainard, formerly Fed Governor and president Biden's key economic policy adviser, takes leadership in protecting the $779 billion of 401K's that in 2023 were rolled over for retirement savings into IRA's. Brainard says- "When a retirement saver pays for trusted economic advice that is not actually in their best interest and comes at a hidden cost in their lifetime savings, that's a junk fee." When the courts failed to introduce regulatory oversight of IRA's the Biden administration has introduced the protection under junk fee protection. 

Read LyrArc gist ›

How This Year’s Hottest Investment Could End Up Costing You

  
WSJ - 10.31.2023 Original article ›
Eric Wallerstein

Three Young Activists Who Never Worked in an Auto Factory Helped Deliver Huge Win for the UAW

  
WSJ - 10.31.2023 Original article ›
Nora Eckert, Mike Colias
LyrArc Article Gist
Three young labor activists outside the UAW union helped UAW leader Shawn Fain orchestrate the strategy of selective walkouts, putting the worker demands in the public consciousness, and influencing public opinion. one has helped organize workers at VW plants, another is a lawyer who has put questions to Mr. Trump, and and the third is a journalist who has covered the strike and advised the UAW. These strategies presented the facts that labor was suffering low wages during a cost of living crisis. Today about 146,000 workers in the US are covered by UAW out of one million employed in automobile plants, a small fraction.

Read LyrArc gist ›

Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1




Support LyrArc →


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us