LyrArc Article Gist
The US Supreme Court reinstates a DJT administration decision to fire 16 thousand federal workers. It says groups harmed by reduction of public services from the firings have no legal standing.

LyrArc Article Gist
700 Marines to protect federal buildings, will join the 2000 National Guard, to prevent further rioting in Los Angeles County as immigration enforcement is taken up by US Customs and Immigration. 

LyrArc Article Gist
Germany's export oriented economy and its export oriented companies are struggling in 2021 with broken supply chains and high energy prices. This report in the WSJ looks at how Germany needs to rebuild its economy in a different way. German industrial output was 9% below its 2015 level in August, compared to 2% for the eurozone as a whole, according to EU's statistics agency. Italy's growth was 5% over the same period. There is a redirection underway to bring more production back home after years of outsourcing and outshoring. Other changes taking place are the policies being put in place for net zero emissions by 2050, and the targets for 2030 that would make this possible. This also changes prospects for Germany's large auto industry. By 2030 30-50% of all cars will have to be electric cars. About 30% of Germany's industrial output and exports are tied to overseas demand, 4 times that in the US. From 2003 when competitive overhauls took place under chancellors including Mr. Schroeder, German industrial growth was sustained by demand from China. Now with China looking to internal demand following global tensions on trade, sales of some companies are looking flat instead of sustained year over year growth. What will happen now? Here is what the likely new chancellor from the Social Democrats has to say about the overhaul of the German economy and industry- "It will be the biggest industrial modernization project that Germany has carried out probably for over 100 years, and it will really help our economy." The SDP and Greens that together share the same ideas for rebuilding Germany around infrastructure and climate change and upward mobility, badly neglected in the Merkel years, plan big investments. Big investments are to be made in climate protection, high speed internet, education, research and infrastructure. Germany's net investment rate has been around 0.5% of economic output since 2000, compared to 1% for Italy and 1.5% for the US, according to the World Bank. This WSJ report even says net public investment has fallen below zero as existing assets depreciate. To achieve this transition Germany has identified several problems. One is the delays in investment projects that cost German companies 55 billion euros a year, about half the money invested in research and development, according to Germany's statistics agency. Germany was thought to be an industrial powerhouse but the quality of work in projects and delays so apparent in the Berlin Brandenburg airport infrastructure project clearly shows a decline over the past two decades. This will need to be fixed. Other problems are in getting more workers as Germany faces a shortage of workers for factories to 2030.     ...

LyrArc Article Gist
The South China Morning Post, SCMP, looks at China at the 40th year of the great economic experiment  that changed China. This started with the Deng reforms by the then Chinese leader that opened up the economy in 1978. As this report points out in 1978 Deng Xiaoping's efforts at loosening the state control of the economy and business was actually a way to get out from the effects of the Cultural Revolution and prevent another Cultural Revolution. Deng was removed from office during the Cultural Revolution. Instead of unquestioned acceptance of Mao the new criterion was "Practice is the Sole Criterion for Testing Truth." In economic and business matters this was followed so that if it worked then the experiment was expanded, gradually giving life to the Chinese model of state capitalism, economic expansion under the state with the state supporting state corporations that operate in a market economy.  This means the Communist Party was to continue its control but with experimentation away from the planned economy in the coastal provinces of Guangdong and Fujian, and then into Shanghai. Experts close to Jiang Zemin, the next leader after Deng, say China's Communist state would not have survived without the changes started by premier Deng. Farmers still did not own the land but they were free to plant and own the yields for their efforts.  Deng established the Three Benefits Principle in 1992 trip to Guangdong, whatever helped increase productivity, increased the strength of the country and improved living standards was good, you did not judge it by whether it was socialist or capitalist. Jiang Zemin's work was to follow Deng's ideas and help negotiate the entry into World Trade Organization and set up the new economic regulations. Capitalists were allowed to join the Communist Party for the first time. State and local government ownership of land was turned into an advantage as this provided one of the critical inputs in terms of land for setting up new factories, with capital coming from savings, and other inputs of technology and investment coming from the U.S. after entry into the WTO brought American and European companies to China. A steady supply of labor poured in from the countryside and urbanization became a goal of Chinese development policies. Today India and other countries in Africa, Latin America, can look at the Chinese experience and effort and look for ways to modernize, urbanize and improve living standards, productivity and strength of their economy. One key is to experiment and look for what works that can then be expanded to other locations, and build on the advantages that may open up as the experiment makes progress. Following entry into WTO China was able to take advantage of overseas markets and build an edge in manufacturing, something that was not evident even in 1992.   ...

LyrArc Article Gist
DJT fires BLS labor statistics Commissioner, Erika McEntarfer, following 258,000 downward revision of jobs added, 90% of the jobs shown earlier in  June-July 2028 disappearing. This BBC report and others say that revisions are common. What it does not say is that revision of this size is rare, almost 90% of the jobs created shown earlier are now shown to be non existent, without any serious effort to give an explanation in the statistical data gathering and how it could have overreported the jobs created by 90%. Imagine Jay Powell at the Fed putting this out and not laboring to explain this as he does so often on inflation. Department of Labor owes an explanation of how it is doing the statistics when- BLS revision 144,000 jobs to 19,000 for May 2025- 87% of jobs reported disappeared. BLS revision 147,000 jobs to 14,000 for June 2025- 90% of jobs reported disappeared.   ...

LyrArc Article Gist
The difference between US imports and exports is down from $418 billion in 2018 to $280 billion in last 12 months (August 2024 to July 2025) showing the impact of tariffs and policies of the DJT administration to level the playing field and for getting out of the trade deficits that hurt American jobs, workers, and communities. Tariffs of 20% for fentanyl issue and 125% made it 145% for import tariff on China after Liberation Day. These were lowered to 30% after trade talks. This where it stands today. 

The figure of $280 billion is higher because of transshipping by China through Vietnam- for transshipping the 20% tariff on Vietnam goes up to 40%. Another aspect of the figure of $280 billion is that it is last 12 months which reflects 5 months of the Biden administration, and the surge in imports before deadlines when DJT tariffs would come into place. Battery imports are up, smartphones, toys and apparel is down.

LyrArc Article Gist
One Big Beautiful Act- how DJT Vance and officials cajoled Congress into the yes vote. 218-214 was the final vote with an all night effort by DJT and Speaker Mike Johnson. “We had the president himself, we had the vice president, we had attorneys and agencies answering questions,”  says Speaker Mike Johnson. Budget Director Vought came to Congress to talk directly and answer questions. Johnson was the right person for this effort as he truly believed in getting answers to any skeptical members of Congress. In the end only Rep. Massie remained opposed.  DJT pushed ahead with exhortations on Truth Social all the way into the early morning hours:  “What are the Republicans waiting for??? What are you trying to prove??? MAGA IS NOT HAPPY, AND IT’S COSTING YOU VOTES!!!”  ...

LyrArc Article Gist
US-Swiss trade deal November 2025 for 15% US tariff in exchange for $200 billion in investment in US. This includes access to Swiss markets for the US. The agreement also will let in dairy products and chocolate to the US at 15% tariff to reduce cost of living concerns. Swiss dairy producers and chocolate makers are likely to bear most of the 15% tariff burden because of higher margins. The $2000 rebate to all Americans from tariffs is a good idea of the DJT administration to give Americans protection from the smaller share of the tariffs that are passed on to consumers that are not borne by the producers exporting to the US. Overall in that situation the US will benefit in the restructuring of world trade that the DJT administration will have accomplished without hurting American consumers and bringing large scale investment into the US for jobs and higher wages. This is the part of the DJT Deal that could help America rebuild its manufacturing and economy in new ways.  ...

LyrArc Article Gist
Coalition Against Climate Disinformation at the COP30 Belem Brazil Summit. CAAD says about the state of disinformation-

"Big Carbon's spending and Big Tech's algorithms are preventing us from seeing and hearing one another online. Instead, we're exposed to one lie after another."

The frequent fires and floods all over the world which happen suddenly and quickly show the effects and costs of climate change are real. Actions need to be taken on climate change even as the cost of living crisis and struggles of people in China,India and Africa and in the US and EU have to be considered for access to electricity and for cost of living concerns. Fossil only provides a short term transition to a long term plan for the future based on renewable energy, and the fight for climate change action to be renewed by EU, China, Brazil and India as the US sorts out its own problems with the transition.

 

LyrArc Article Gist
The mood for migration and for illegal migration has soured in Denmark, Netherlands, France and Germany. A series of attacks by migrants in UK, France, Germany has soured the mood for migration. A recent attack this week killing 2 National Guardsmen in Washington DC continues this trend in the US and has soured mood in the US and Europe for migrants.  The UK Home Office says-110,000 sought asylum in the UK Jan to Sept 2025, and  36,000 are temporarily housed in hotels up 2% from 2025. This is a big issue in the UK tying up state funding for illegal migrants in hotels and creating a climate of uncertainty in UK neighborhoods where such hotels are located. Nor is this an issue in which the Conservatives Party acted firmly as there were 56,000 migrants housed in hotels in September 2023. Labour Party entered government in July 2024 and has adopted the policy of Denmark under Shabana Mohamed as UK Home Secretary to stop and remove migrants from the UK. ...

LyrArc Article Gist
In an Op-ed in the Washington Post Mehmet Oz, Head of Medicaid and Medicare says while banning use of Medicaid and Medicare funds for transgender medical procedures- "America’s children aren’t lab mice. They deserve quality care backed by sound evidence and should not be conscripted as test subjects in risky experiments that cause irreversible harm. Federal government is banning the use of Medicaid and Children’s Health Insurance Program funds to subsidize sex-rejecting medical interventions for minors and prohibiting hospitals participating in Medicare and Medicaid from performing them. Dr Oz says "extraordinary interventions such as cross-sex hormones and double mastectomies require extraordinary evidence, especially when children are involved." He says the evidence is lacking and cites information from many countries. ...

LyrArc Article Gist
The pace of traffic growth in Beijing is tremendous, especially in the last 5 years. Beijing had 4.7 million registered vehicles in Dec 2010. The rapid growth shows 700,000 new vehicles added in 2010, 550,000 in 2009, 376,000 in 2008, 252,000 in 2007. Beijing will be fully saturated by the time the number hits 6.5 million, say experts. A June survey by IBM shows Beijing has the worst traffic of 20 large cities in the world, only Mexico City has comparable traffic. In 2009, the government cut in half the sales tax on small engine cars, and spent billions in subsidies for rural car purchases. As a result car purchases have accelerated to new levels, with 2009 sales up by 46% over 2008, and sales through November 2010 up by 34% over 2009, according to the China Association of Automobile Manufacturers. In July, Beijing city officials said that rush hour traffic had slowed to about 15 miles per hour, and was headed for 9 miles per hour by 2015. Twenty years ago, Beijing was a city of bicycles and old alleys, and a single limited access highway made a rectangle around the city. In 2010 five freeways circle the city, and eight freeways spoke from the suburbs to downtown, and the subway will soon stretch to 10 times its 1990 length....

LyrArc Article Gist
Indonesia continues to experience surging growth in consumer spending as more people enter the middle class and buy everything from motorbikes, consumer appliances, mobile phones and other products. It is similiar to the growth in China and India. GDP increased by 6.5%in 2011, and most of the growth comes from consumer spending. Mr. Riady of the Lippo Group says spending is growing to unprecedented levels. About 50 million people in Indonesia are in the middle class out of a population of 250 million- when measured at the level of $3000 per year incomes- and this will grow to 150 million by 2014, according to PT Nomura Indonesia. Another important demographic fact is that the average age of the population is 28.2. Motorcycle sales doubled to 8 million in 2011, twice that of 2006. Mr. Riady of the Lippos Group says its home sales are expected increase to $450 million in 2012, up from $100 million in 2010. Sales at Lippo Groups hypermarkets are expected to go up by 40% in 2012 and sales at its department stores increase by 25%. Lippo Group plans to add 10 new hospitals each year, to the 14 it plans for yearend 2012. Philips Electronics NV says healthcare equipment sales in Indonesia will quadruple in by 2015. This pace exceeds that in India and China for Phillips Healtcare....

LyrArc Article Gist
Of the 10 parties expected to win seats in the Greek parliamentary elections, 7 oppose the IMF program for Greece and 2 call for exit from the euro. A Pasok-New Democracy coalition government is by no means certain. Pasok and New Democracy largely supported the IMF program before the elections. Greece has to make 3 billion euros of spending cuts right after the elections and 12 billion euros in 2013-2014 under the IMF program. Poor showing by Pasok and New Democracy could lead to calls for changes to the IMF program. About 73% of Greece's debt is now in official hands- 23% with the European Financial Stability Facility (EFSF), 21% bilateral government loans, 21% ECB, 8% IMF. Only 27% is now in the hands of private investors after the debt restructuring. The election of Socialist candidate Hollande in France who has declared the handling of Greece by the EU deplorable and a failure of governance not only in Greece but in Europe, would also add support to calls for changes in the IMF program to include growth measures. Hollande predicts a large public contribution by governments, the EFSF and the ECB, the IMF, to match the 70% contribution of private investors. The IMF appears to have anticipated this by recently enlarging its rescue fund....

LyrArc Article Gist
The significance of the economic relationship of UAE and India with the visit of prime minister Modi to Abu Dhabhi on June 28 on the way back from the G7 Summit from Germany. Under recent trade agreements trade with UAE will increase to $100 billion in 5 years. 8 million Indians live in the Gulf region with remittances of over $50 billion a year. During Biden's visit to the region there will be a meeting of a new grouping called 2I2U referring to Israel, India, US and UAE.

Mohamed Bin Zayed or MBZ is a clear proponent of a strong leadership by the US in the region and in Asia and maintaining peace in the region after so many disastrous wars.

LyrArc Article Gist
PM Modi closes the 100th episode with the words- "Charaiveti, charaiveti, charaiveti, chalte raho, chalte raho"- from the Vedanta and Buddhist period in India is about life's endless journey and to keep moving, to keep moving, a whole country and about a billion and a half people on the move. Ideas become popular movements and the radio talk show every month by prime minister Modi takes on new meaning for hundreds of millions of young people in India. Ideas about "Swachh Bharat" or Clean India Mission, about the environment, health, about technology and education to transform the country, about women becoming a part of the economy, about the dignity of workers, about starting small business that creates jobs, about renewable energy. 

LyrArc Article Gist
It is true carrots are good for eyesight and to prevent macular degeneration. Sunglasses help prevent ultraviolet rays from affecting the eyes. Reading without taking your eyes off the page is not conducive to good eye health- take time out every 20 minutes to look outside for at least 20 seconds. It is a good idea to relax the eyes by looking at Nature, what is good for mental health is also good for the eyes. Move the eyes to the left the right and draw large imaginary visualization circles with the eyes, large squares, for 30 seconds as away to exercize the eyes. Closing the eyes and concentrating on an imaginary visualization candle is a form of meditation that is also good for resting the eyes. 

LyrArc Article Gist
Inflation of 40%, a currency that has collapsed, debt at $58 billion or 105% of GDP that takes up one third of the country's budget just for dept payments, this isn't some economically weak African country. This is Ghana today, similar to about 54 countries in the Global South in even worse shape. Just before the pandemic in 2018 it recorded 6% growth. It is an agriculturally rich country with cassava and plantain production, the second largest cocoa producer in the world, and and oil producer.  Ghana has accepted a $3 billion loan from the IMF. The pandemic hit Ghana hard, followed by the Ukraine war and costly oil imports as Ghana lacks refinery capacity. 

LyrArc Article Gist
Did you know that 2.3 billion cycling tourism trips are taken in Europe each year according to the European Parliament? French cycling enthusiast and sports writer Claude Droussent, 65, puts together Cycling Atlas Europe, a book showing 350 one day cycling trips one can do in Europe. This follows Cycling Atlas North America also published by Rizzoli that he did with Greg Le Mond. It is intended to give people a chance to discover new places in a short few hours bike ride from where they are in a nature setting along mountainous terrain or along the coast. It is both adventure travel and discovery that is becoming popular after Covid. An app Strava provides an opportunity to talk to people who know about each ride.

LyrArc Article Gist
Of these letters mostly all commend the remarkable efforts of Joe Biden. One by Stanley Saulny stands out. He commends president Biden for his remarkable stamina during the Air Force Academy graduation. He says saluting 921 times and shaking hands 921 times as Biden did that day could not be done without considerable arm and shoulder pain, yet Biden did no complain or boast of his feat, as he wanted to do this for every graduating student. Mr Saunlny is a physician and graduated years ago from the same Air Force Academy where he attended this event as father of a graduating student. He tripped and the media distorted reality as there was a sandbag placed in a trippable way that could not be seen.  

LyrArc Article Gist
48 storey Rittenhouse and 47 storey Arthaus are new condo development high rises in downtown Philadelphia. Highs in storefront occupancy, hotel occupancy, return to work pushed by Comcast and other companies are giving a new resurgence to the city center in Philadelphia. It shows that the city centers that have locals living in the area are doing better than city centers dependent mostly on commuters for activity. One advantage of Center City, Philadelphia is that there are 70,000 residents compared to mostly commuters in midtown Manhattan, Boston Financial District, Chicago Loop downtown areas. This means that even with remote work people are up and about in the city. 7000 workers for Comcast in office towers in Center City are also encouraged to come to the office.

LyrArc Article Gist
The party founded by Charles De Gaulle Les Republicains failed to win  5% of the vote that is needed under French election law to be compensated for half of the 17 million euros that can be spent on the campaign. Valerie Pecresse got 4.75% of the vote- that entitles her to 800,000 euros. She personally borrowed 5 million euros. She now needs 16 million euros and has appealed for donations. Pecresse failed to win the support of different factions in her party including former president Sarkozy. A similar situation faces the Greens candidate Yannick Jadot who received only 4.63% of the vote.

French election law limits legal spending to 17 million euros and does no allow corporate donations, with a personal donation limit of 4600 euros.

LyrArc Article Gist
PM Modi opens the Vidya Samiksha Kendra, Command and Control Center setup by the Gujarat state Education Department in Gandhinagar. 

This center uses modern technology to monitor the work of 55,000 secondary schools, 400,000 teachers and 12 million students in the state. The aim is to improve learning outcomes, making certain teachers are conducting the classes, and tracking students if they migrate, looking out for possible dropouts. 

In the past it was seen that poor monitoring of teachers was leading to absenteeism and lack of seriousness. Dropout rates are also a concern and each child is tracked under the program, schools he or she has attended, tests taken and areas of the test where the student did not do well and should get help.

LyrArc Article Gist
French president Macron takes office for a second term saying that "the French people did not prolong his previous mandate." "This new people, different from five years ago, gave a new president anew mandate." Macron now faces a challenge in parliamentary elections from parties on the left led by Jean-Luc Melenchon. The left vote is now consolidated behind Melenchon and he could be the next prime minister under Macron, bringing in new voices into the Macron administration that were missing in the first term leading to a fracturing of French society and politics. This will be needed to unite France and tackle problems of loss of manufacturing to China, and surging inflation hurting middle and lower class households finding it hard to meet essential needs.