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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.


The Indian Express Original article ›
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How India finds and trains its youngest sports athletes is shown in this report from Fatehabad by Andrew Amson. A bricklayer's daughter Pooja set the Indian national record at 1.82 metres in high jump by winning silver at the Asian U-20 Games in South Korea. The amazing thing is that coaches discovered her talent for jumping even though she entered in training for yoga. With limited facilities she trained with bundles of haysticks for the pit to fall on and a bamboo stick to go over. This is also a story of how India is matching the development of sports of its neighbors Japan, China and South Korea by giving young people from every background and income level a chance to compete at the highest level. 

WSJ Original article ›
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What is it like in Fushun, China? A city of 1.7 million in northern China it was a city that led in China's revolution against feudal regime and colonial occupation, and in cutting the birth rate. It is similar in size to Detroit, yet has only 5000 births compared to 20,000 in Detroit. Signs of aging are everywhere in Fushun as China's birthrate drops below 1.  For population to remain stable birthrate has to be 2.1. It is 0.7 in Fushun.

In Fushun most refineries and coal mines are closed. A third of the population is over 60 years old and half of the young people have left the city. In 10 years half of the population will be 60 years old. 

The Hindu Original article ›
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Since 2000 the area under millet cultivation in India is steadily declining, reversing only since 2015. In 2006 millet was taken regularly by 39% of the population in India. By 2021 it had declined to 9 days a month. The area under cultivation for nutri-cereals declined from 41 million hectares in the 1980's to 24 million hectares in 2018 The reason being low yields, processing hand pounding millets time consuming laborious task of women, very little marketed.

Over the last 10 years production of sorghum (jowar), has declined, of pearl millet (bajra) stagnant, finger millet (ragi) also declining. Productivity of jowar and bajra has increased only marginally.

With these problems India if it is to realize the mission for millets in India's food supplies and nutrition, and export to the world, has to use mechanized hulling, better seeds, and improved agricultural practices, access to markets.

WSJ Original article ›
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This and other WSJ, NYT, and other articles say Minnesotan Tim Walz started out as a moderate in a rural Republican leaning district, and shifted to being "liberal" and "progressive" using labels that have by 2024 lost meaning and lost common sense. Tim Walz is accused by the existing culture of being this or that label when he is simply following his instincts about what it means to live in the Age of the Enlightenment that marks all European societies and gave them a head start over Chinese and Indian feudal society during the 19th century Industrial Revolution. When one looks back at the period after Kennedy-Johnson in the sixties, American political economic social and culture has gone through a shift to turn its back on workers and families, turn its back on the "Enlightenment" itself under a culture shift. It happened under administrations both Republican and Democratic over 50 years since 1970. Under a Republican Congressman, and following this a Governor of California, a Texas Congressman and Texas Governor, and under Governors of southern states Georgia and Arkansas, a Congressman from Illinois, and a NBC television show personality. That culture shift has become so instilled at this point that labels such as progressive and liberal are attached in ways that make no sense, lack common sense. Do school meals have anything to do with politics, do you prefer poor family kids going hungry, is that your cultural thing? Is supporting college education for the depressed income groups have anything to so with politics? Only when one rejects the "Enlightenment" that accompanies the Industrial Revolution in Britain in the 19th century, the idea of modernity ushered in by the rejection of feudalism by the French Revolution,  would one reject the idea of giving access to education and through it to a better life for workers and families to all parts of society. ...
WSJ Original article ›
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Worsenign outbreaks of coronavirus in the midwest U.S. comes with resumption of sports games on Oct. 23. Campuses at Michigan State, Minnesota and Nebraska see infection rates in the general population of over 5%. Rates are also high at the University of Michigan  in Ann Arbor. Community viral spread factor is missing in the effort to restart sports games, and has drawn criticism from local governments.

WSJ Original article ›
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Anti-establishment government in Italy supported by the 5 Star Movement and and the Northern League set a 2.4% of GDP deficit target for 2019, triple what the earlier government had planned. This sets up a clash with the European Union over rules for deficit after the European debt crisis. Finance Minister Tria set the target at 1.6% initially, later increasing it to 2.4% to increase growth.

Original article ›
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The English translation of the PM's speech at the Ayodya Temple is shown here from the Press Information Bureau of India. It covers the ancient paths and ancient traditions that were given to the lands south of the Himalayas on which the basis of a Just Society that serves the needs of all the peoples of the region can be laid down. Through the concept of Ram Rajya which in the Treta Yuga formed the social concept of a good and Just Society akin to what Abraham Lincoln laid down for America in the words "for the people, of the people, by the people." A reminder of what the peoples of Asia, Africa, Latin America and Europe are striving for after the pandemic. The task of modernity was done through modernization and Empire by Japan and failed yet now revived without Empire, through Communist leadership against the Empire of Japan in China which is in its current formation with an embrace of modernity and science. And now in India and Indonesia, all of South East Asia of over 2 billion people marking out a path to modernity and embrace of science and technology with the united efforts of the whole people with everyone's efforts, of Sabka Prayas- into the future for new generations venturing out, to today's children setting out on this journey. ...
https://www.hindustantimes.com/ Original article ›
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India lags way behind China in electric vehicles. About 1.35 million electric automobiles on Chinese streets compared to about 6000 on Indian streets. Where India is ahead is in the electric rickshaws, 3 wheeled vehicles that form an important part of public transportation in India. About 132,000 electric rickshaws are added each year and annual sales of $1.5 billion are expected to increase by 9% by 2021. These electric three wheeler rickshaws are cheaper to operate, cleaner and more profitable to operate, making it attractive for operators of gasoline rickshaws to switch to e-rickshaws. Kinetic Engineering and Mahindra & Mahindra are the largest manufacturers in India.  About 695,000 three wheeler electric vehicles were sold in India for the fiscal year ending in March, with a 24% increase over the prior year. India's Ministry of Finance is planning to invest 40 billion rupees or $600 million over the next 5 years to promote charging infrastructure and e-buses. The government's focus is on promoting electric vehicles for taxis, buses and two or three wheeler vehicles. This is expected to reduce air pollution in Indian cities. ...
The New York Times Original article ›
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Mr. Mugabe, 93 year old leader of the liberation struggle in what was then Southern Rhodesia, ruled over Zimbabwe for 4 decades. He was ousted in a coup and the era under Mugabe appears to be finally over. Negotiations are taking place between the vice president and the opposition parties for an interim government. This hopefully brings Zimbabwe back to a period of better governance and reintegration with the global community.

Wall Street Journal Original article ›
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Taylor on the Bernanke Federal Reserve's quandary over its exit strategy from a loose monetary policy. He points to the consensus among leading economists, Rajan, Meltzer, Feldstein, who share his view that the costs of a loose monetary policy outweigh its benefits, that the Fed's policies are not working, and the need for a more rules based monetary policy.
Wall Street Journal Original article ›
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Spain will allow a European banking supervisory authority to visit banks and exercize financial supervision over banks receiving aid from the EFSF, the EU rescue fund. In addition investors including small retail investors will have to take losses to reduce the loans required to recapitalize Spanish banks.
New York Times Original article ›
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Companies with good credit ratings are paying higher interest rates and others are finding it harder to borrow as investors flock to safe Treaury bills and government debt. And in 2009 about $700 billion in debt has to be refinanced. Southwest Airlines needed $400 million partly to cover losses from betting that fuel costs would remain high. It is the only domestic airline with an investment grade rating. It had to pay interest of 10.5%, twice the rate it paid in 2004 to raise $350 million. It is doing the borrowing now because its CFO says it does not know what the credit markets will be like 6 months or a year from now. Corporations borrowed $172.7 billion in the 4th quarter, down from $179.1 billion in the last 3 months of 2007, with businesses trying to borrow ahead of further deterioration in credit markets and overcrowding as the government steps up its borrowing to meet the needs of the $825 billion stimulus spending. Businesses that cannot get the access to the credit as refinancing comes due or find the high interest rates (sometimes approaching 20%) onerous, may not survive. ...
The New York Times Original article ›
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Applebaum describes the accounting errors in the Trump 2017 Budget which makes unrealistic assumptions of 3% growth to show higher revenue generation of $2.1 trillion over ten years, and uses that revenue to fix higher deficits from tax cuts- counting the same number twice. A former Treasury Secretary, Lawrence Summers, calls it the most egregious accounting error he has seen in 40 years.

NYTimes.com Original article ›
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The importance of not letting small dairy farms close all over the northeastern United States, including dairy farms in New York, Vermont and Maine, is shown here in NYT. Some of these farms go back to 1772  over many generations. Dairy farming is hard work and the family farms with each less than 100 cows are not just dairy farms but a part of New England and North East culture, heritage, and landscape. Ensuring that milk processing facilities exist for organic dairy farms in their regional area is important now that Horizon is shifting to the western states such as Colorado and California for its organic milk pasteurization pickup and processing.  French television TVMonde shows in a documentary how small family owned Swiss dairy farms struggled for years at low milk prices of 75 centimes per liter and were able to get 1 Swiss Franc per liter after many protests. Dairy farms are an important part of the culture, heritage and landscape of Switzerland. By getting a Fair Milk label and direct payments from the government small dairy farms in the Swiss countryside are able to pass on the farm to the next generation. Similar action is needed in the US as farms with 500 cows called factory farms in Colorado and Texas are putting additional stress on family owned farms with less than 100 cows in the northeastern US. The rule for pasture is key to having organic label yet this report in NYT cites Maine agriculture commissioner that this is not rigorously applied for these factory farms in the western states, and other rules for classifying which cows are organic are also not rigorously applied. Following the pandemic there needs to be increased awareness of the importance of keeping small dairy farms operating and being passed on to a new generation of young farmers, men and women, with the encouragement and support of state and federal government in the US. ...
Wall Street Journal Original article ›
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The Obama administration's proposed budget for fiscal 2013- for the year beginning Oct. 1, 2012- shows the budget deficit for the year at over $1 trillion. It shows new revenue of $1.7 trillion over 10 years mostly from ending the Bush period tax cuts on families earning more than $250,000 a year, restoring the estate tax to the 2009 level and limiting subsidies for oil and gas companies. It proposes raising the tax rate on dividends from 15% to as much as 39.6%, for households earning more than $250,000 a year. This measure is expected to generate $206 billion over 10 years. The budget also offers "principles" for future tax reform by proposing the Buffett rule replace the Alternative Minimum Tax (AMT). The AMT was not indexed for inflation so it has the weakness of putting more middle class taxpayers into AMT, leading to temporary solutions by Congress. The Buffett rule would have people earning more than $1 million pay a tax rate of at least 30%. Many wealthy Americans like Mitt Romney paid lower taxes using deductions to lower tax rates- Romney's tax disclosures show he paid effective tax rate of 14%. The White House says the budget will reduce the deficit by $3 trillion over 10 years through the new taxes, and small changes to Medicare and Medicaid and other spending cuts. This is in addition to the $1 trillion in spending cuts agreed to in a deficit reduction agreement in 2011 between Democrats and Republicans in Congress. The budget proposal proposes investment in education and transportation projects of $137 billion, and continuing through Dec. 2012, a tax break for businesses to increase investment. It includes mandatory spending of $2.7 billion for new community college programs, $6 billion to modernize schools, and $1.8 billion to make homes more energy efficient. It also increases the resources of the Securities and Exchange Commission and the CFTC (two agencies overseeing the banks), $26 million for a new Interagency Trade Enforcement Center to counter unfair trade practices, and cuts U.S. postal delivery to 5 days a week. The result is a program designed to be balanced in terms of economic fairness, making modest investments in the future for education and energy, continuing policies to stimulate growth, and extending the date for bringing the deficit under control to 2018 instead of 2014 as planned earlier....
DW.COM Original article ›
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Ines Pohl of DW.com reflects on the U.S. Republican National Convention in Cleveland, Ohio. It turns out he says to be a sort of Trump Festival, with the candidate and his family everywhere, not much discussion of the platform or policy issues- he says it offered the world a spectacle never seen at such a convention- 15,000 journalists from all over the world covering 2500 delegates, all the delegates mere onlookers at this entertainment extravaganza. John McCain, Mitt Romney, former presidential candidates not present, and president Bush and family not present, all staying away because of derogatory remarks. Not the kind of display of unity to bring together different segments of the party. The lone dissenter at the convention turned out to be rival Ted Cruz who made a speech without supporting Trump, and is booed off the stage. Cruz won in some important primaries including Texas, Oklahoma, and in votes cast on voting day in Louisiana, in addition to Wisconsin, appealing to evangelical voters in a section of the South, and in western states such as Nebraska and Idaho, typical Republican territory. Ohio's John Kasich is called "petulant" by campaign manager, and stays away- Kasich won in his home state of Ohio, a state president George Bush needed to win over Kerry, especially with its evangelical voters. Pohl adds humor in his coverage by referring to the traitors Bush, Kasich and especially Cruz, who are dispensed with, as the Republican delegates rally behind Trump on the last day of the convention.  ...
WSJ Original article ›
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Mikaela Shiffrin is now one of the best downhill skiers of all time. After she failed in four races in the Beijing Olympics she lost some of the spirit she had. Rachel Bachman describes a visit to Roger Federer's home in the Alps that helped restore Mikaela's spirit and gave her some important advice on longevity in sport. First it was time to take a look around you notice things and breathe it all in. As Federer put it- "You need to take the moments to look up and around you, to appreciate where you are, breathe it in." It is when you are in the depths of your career and it is difficult to do this, that when it is the most important to do this, Federer told Mikaela Shiffrin and her mother Eileen on that day at lunch in the Federer home in the Swiss Alps.

The Guardian Original article ›
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The Guardian looks at Lachlan Murdoch's career and how he differs from his sisters and from his brother James. He is seen as closer to his father in his thinking than James which is why after leaving Fox News following differences with Roger Ailes his father tried to get him back. This happened with an absence of ten years. The family trust set up for Murdoch's four children shows all jointly share in the family stake. This means the others will also have an influence in the future and the direction prospects of this media business left by Rupert Murdoch. As the world moves to the internet and new ways of learning news this marks the end of an era in which a few people were able to move public opinion- Beaverbrook and Murdoch belong to a different century, the twentieth not the twentyfirst.

WSJ Original article ›
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The rotting carcasses of the minks that were culled will be dug up to be incinerated. Environmental inspectors found that some water sources might have been contaminated by bacteria. The 17 million minks in Denmark were the target of culling after fears of coronavirus in minks. The whole issue has shown the problems in some of the Nordic countries that were seen as models for healthcare and public services. Sweden's treatment of the elderly in nursing homes was seen all over Europe as shabby and the king of Sweden called it a "failure.

DW.COM Original article ›
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With 27% of votes counted over half or 57% of Berliners voted for nationalization of private developer housing units, only 39% voted no. Berliners cast more votes than they ever have. The vote shows Berliners have had enough of speculation in housing, mad rents, that are pushing locals out of the housing market, say referendum supporters. The vote is non binding, what it does is forces the Berlin city state government to find solutions to the housing problems in Berlin after decades of speculation in housing, and putting local Berliners in the forefront of housing solutions and housing investment.

NYTimes.com Original article ›
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This report in the NYT looks at median household checking account balances of households in the lower classes, middle classes and upper income groups as they changed during the pandemic. The deep plunges are seen in the graph for the lower classes making below $30,000 and a jump of as much as 100% after every effort by the government to send in pandemic aid money. The income groups making over $70,000 also benefited from the government aid money by as much as 40%. Six months after the aid the household checking balances show sharp declines.

WSJ Original article ›
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Can I do something that matters in people's lives? This is a question more and more people are asking as they return to work. Over  26% of people in one WSJ survey say they now feel that their jobs are not particularly meaningful. Others feel their jobs and job security may be threatened. An April survey showed one in four feel this way, yet things may be improving as people return to work. In May 2.5 million jobs were added in the U.S. according to Bureau of Labor Statistics. 

Le Monde.fr Original article ›
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A small group of advisers and Macon including Nicholas Sarkozy of the Les Republicains voted to have new elections. Les Republicains governed France under presidents De Gaulle and some of De Gaulle administration members Pompidou, Giscard and Sarkozy. Sarkozy was seen as aloof and was succeeded by the Socialist party's Francois Hollande. At that point in 2017 at the end of Hollande's term the Socialists failed to take up working class families issues, and it marked the beginning of the National Rally of Jean and Marine Le Pen gaining worker support. Macron was a minister in the Hollande government who detected an opportunity in the loss of support for both Sarkozy's Les Republicains and Hollande's Socialists. He set up his own movement for renewal of France saying France needed newer people than the old administrations and got an infusion of support from young people. Yet Macron lacked a specific program to get back the voter support of working class families as he implemented policy on climate without addressing concerns of cost of living leading to yellow vest protests. He was reelected im a close election with a challenge from National Rally 58% to 42% in second round after having only 5% point margin over Le Pen in first round, with help from the left vote. Macron spent the first two years of second term fighting the unions and labor over pension reform, when his measures failed to pass the Assembly he used executive action. As a result support in small towns and other parts of France has shifted to National Rally, with the immigration issue adding to support and young people frustrated by Macron not tackling key issues of working class people decided to shift to the National Rally and to Melenchon left party, and to Socialist parties. As Macron is closely allied with Les Republicains ideology he is looking for away to rebuild the LR and his EN Marche as an alternative in 2027 presidential elections. ...
Wall Street Journal Original article ›
LyrArc Article Gist
United Airlines has asked Airbus and Boeing to come up with competing bids for 150 new jetliners, an order worth an estimated $10 billion. After the 9/11 bombings, with the slowdown in air travel and the steep losses airlines suffered from high oil prices, its the overseas airlines that made the big orders. The domestic airlines were content to work with an aging fleet. United's move at this time may be calculated to take advantage of the improving credit situation, and the lower prices of steel and other commodities to get better pricing from manufacturers. The thrust of the order is to replace 11 of United's wide body fleet, the Boeing 747,757,767,and 777 model fleet. The average of these planes is 747-13 years, 777- 10 years, 767- 14 years, 757-17 years. See graph. The most crucual conditions United is looking for are financing arranged by the manufacturer that does not use United's cash, and the flexibility to change the order later if market conditions change. United sees this as amove to get good pricing and financing terms now so that when the planes are delvered over time, spread out over several years, the planes would come in just when air travel is picking up with an economic recovery. If it does not get the terms it wants, United may wait. It has already retired half of its oldest planes, the Boeing 737's, with the remaining half due to be replaced by end of 2009. United's competitor American Airlines, announced in fall 2008, that it wants to order upto 100 Boeing jetliners if it can get new agreements with its pilots union. In spring 2009 American speeded up deliveries of 737-800's to replace some of its old MD-80's. Newer aircraft mean better fuel efficiency, and ways to cover routes that are not possible with older aircraft....
New York Times Original article ›
LyrArc Article Gist
Stanford Prof. Robert Sutton on the advantages of continuous feedback over formal performance evaluations. Performance evaluations if not done right can do damage especially ones that are designed to promote individual excellence over teamwork and achieving goals as a team effort.

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