LyrArc Article Gist
Deteriorating China Iran relations as the oil imports from Iran for China face US tariffs of 25% on China's exports to US, and US economic relations far more significant for the Chinese economy. China gets somwhere between 1.4 to 1.6 million barrels aday from Iran (80% of Iran's oil exports) into Shandong refiners at $10 below Brent crude prices. Another 400 mbd comes from Venezuela to China. This means $30 billion comes to Iran from oil sales to China at $59 a barrel, and $8 billion for Venezuela from oil sales to China. This has financed much of the bellicose policies towards the US in the western hemisphere and in the Gulf region. Iran's bellicose policies in the Middle East, its nuclear policy, are now seen by China as a distraction and  detract from good economic relations with the US. China $400 billion oil deal 25 year cooperation agreement signed in 2021 was signed under the Biden administration and China today faces a completely different situation in 2026. Even China's relations with Russia are not the same as the US builds better relations with Russia. A wind down of the Ukraine war would change the situation completely and ensure peace in Europe including Russia, as the US works with the EU to meet future challenges having learned from this experience in Europe (Ukraine dividing Europe) and in the Western hemisphere (drug/ migrant. trafficking). When historians write this chapter of the inflows of capital from advanced West to Arab countries and the Gulf region they will write about the huge contrast between China/India's efforts to modernize and these nations where much of that capital was wasted in wars and conflicts and in grandiose projects that made no material difference to the standard of living and quality of life of the vast number of ordinary people. Once the oil dividend is gone with fossil fuels replaced with renewable energy by 2035-2040 this opportunity to advance is lost for the Arab and Gulf region. ...

LyrArc Article Gist
David Card and Alan Krueger with a study on New Jersey and Philadelphia restaurant workers in 1994 and their subsequent studies on minimum wage increases show no negative effects on unemployment of increasing the minimum wage- More discussion on this topic as Minimum wage increases to $22 an hour in 2026 in NY and California. Indrajit Dube of U Massachusetts says it all depends on how far one goes in increasing the minimum wage. At some point maybe $30 a week it could lead to restaurants deciding not to hire more workers. At 45 hours a week for 48 weeks an employe in the fast food industry at $22 an hour would make $47,520, and at $30 would make $64,800. The poverty level is set at $33,000. The problem with these figures is that the cost of housing is so high and automobile costs have risen very fast in the last 5 years. Housing in New York and Los Angeles is very costly compared to states in the midwest, in the south, and other states. Card's and Krueger's, Dube's studies show that retention is higher employees are more motivated leading to higher restaurant and fast food sales, happier customers, that could lead to more employment not less. Some of this is intuitive and one does not need an economist to tell one that. When compared to Britain's economic and social philosopher Adam Smith much of the accepted wisdom of what Smith said is selective taking what one wants and leaving out the rest, as Lahart shows here about minimum wage. As Adam Smith was  a keen observer of the social sentiments of society which he considered very important for British society, and for British civilization to flourish. For this reason he supported higher wages and the betterment of the lower classes, as Britain's example to the world. Card received a Nobel prize in 2021 for his experiments including his paper on minimum wage in New Jersey and Philadelphia. ...

LyrArc Article Gist
After premium increases in 2023-2024 auto insurance premiums have more than caught up with cost increases during covid years. This WSJ report shows auto insurance companies now have premiums that more than offset what they are paying out for repairs and other expenses. In Florida excess premiums led to $950 million being returned to customers, other states have similar laws. Competition between insurers should lead to lower rates says the WSJ.

LyrArc Article Gist
After the surge in illegal migration, concerns about crime, concerns about integrating newcomers, cost and strain on social and public services, homelessness in cities, there is a sense that the pause will be a good thing to give the US an opportunity to reevaluate how it manages entry and integration of newcomers. Theodore Roosevelt's remarks in 1904 Message to Congress come to mind when he said about citizenship in the US- "The citizenship of this country should not be debased. It is vital that we kep high the standard of living of our wage workers, and therefore we should not admit masses of men whose standards of living, customs and habits are such that they tend to lower the level of the American wage worker. Above all we should not admit any man of an unworthy type, any man of whom we can say that he will be a bad citizen, or that his children will detract from instead of adding to the sum of the good citizenship of this country." This is not something new. Operation Wetback was conducted by no less than president Dwight Eisenhower in 1954 after the surge in illegal migration during the Truman administration during WW II. There was a similar sense then that the administration had taken up removal of migrants seriously and there were situations where illegal  migrants were loaded onto trucks, yet there was also a sense that there were problems with illegal migration surge that needed to be fixed including homelessness, strain on services, safety on the streets, lack of integration in culture and language. A pause means less population growth with declining population growth in the US. The natural population growth from births/deaths was 1.9 million in 2000, down to 1.1 million in 2017 and in 2025 was 519,000. At some point it will be declining, yet a pause is needed to get the citizenship education, the integration, the economic participation, the cultural side, strain on public services, to get this right. Another facet of this is its political context but all sides should think about the Nation and not politicize the issue. Outmigration to southern states and mountain states from California was 230,00, from New York 137,000, from 3 states, New Jersey, New York and Massachusetts about 30,000-40,000 in 2025. As a result the southern and mountain states mostly Republican may add 6-8 Congressional seats by 2028 or 2030.   ...

LyrArc Article Gist
Republicans wanted to see money spent in the states on the idea that states best knew where needs were. Democrat Clinton called it "ending welfare as we know it," and signed the bill for TANF where $16 billion was sent to states in anti poverty programs and $15 billion added to this by the states. This is how TANF (Temporary Assistance for Needy Families) started under Clinton in 1996. It was put under Department of Health and Human Services. A lot of latitude was given to states on how to spend the money. In 2026 much of this money is not spent wisely. GAO government agency audits show 37 states had 56 severe deficiencies with "opaque accounting practices." This includes Florida, Louisiana, and Connecticut. The Government Accountability Foundation calls the lack of accountability "fraud by design," saying that one fifth of the $31 billion never reaches the people it was intended to benefit. Both Republican and Democratic states are not using the funds the way they were meant to be used. Needy families getting help have come down from 1.9 million in 2010 to 850,000 in 2025.  ...

LyrArc Article Gist
Russia seen as serious in new negotiations with high level military officials- Jan 28, 2026. This as Russian drone attacks continued on Kviv, Kherson. Contention points - future of Donetsk region in east Russia insists on controlling.

LyrArc Article Gist
IEA-oil surplus declines for 2026 with overhang of sanctioned oil at seat that is 15% of supplies. Gas prices at pump drop to as low as $1.99 a gallon in some states in the US.

LyrArc Article Gist
US president DJT says about television news network CNN in December 2025- "it is imperative that CNN be sold." Paramount's deal for merging with Warner Brothers is one way this is planned.

LyrArc Article Gist
Misallocation of huge amounts of US capital (trillions of dollars) away from healthcare, seniors and retirees, childcare and education into AI in the US is becoming an issue in the midterm elections of 2026.

LyrArc Article Gist
Merz visit to India to strengthen trade defense ties Jan 2026. Oter areas of cooperation are digital technology and renewable energy. Merz attends the Kite Festival in Ahmedabad, Gujarat state, and the Sabarmati Ashram of Gandhiji.

LyrArc Article Gist
Prince William's quiet faith and his meetings with Dame Sarah Mullally, new Archbishop of Canterbury. The prince will attend the ceremony at Canterbury Cathedral for the new Archbishop on Wednesday March 25, 2026.

LyrArc Article Gist
Nikki Haley of South Carolina decides to run for the Republican nomination for president. She joins Trump and Rod de Santis of Florida in the race for the Republican nomination.

LyrArc Article Gist
DW.com looks at the representation of women in Indian state legislatures which is quite low at about 15%.

LyrArc Article Gist
The Indian women's hockey team loses to Britain in the bronze medal match at the Olympics in Tokyo 4-3 after a valiant effort and showing great skill.

LyrArc Article Gist
Young girls from Ladakh competing for junior Olympics ice hockey training within sight of Himalayan peaks in India.

LyrArc Article Gist
Readers critique the Wash. Post on its coverage of 2024, 2024-2028 policies and vision, and president Biden. They ask is the Post itself turning into social media with crass titles and misleading coverage? The Post itself says it is in the subtitle sometimes patting sometimes stabbing. One reader says on the different reporters coverage of Biden after the NATO Summit that it was nothing more than a dogpile, that it is not what he reads the Post for. One obvious question for the Post is with all the passion you show on climate change action, is the absence of climate action for 4 years, and exactly the opposite its exacerbation not likely to impose a huge cost in 2028 for the American people of upwards of a trillion dollars to correct? Is the Post listening or just another billionaire run organization running against the instincts of Carl Sandburg- the author of the Lincoln biographies found even in the libraries of Asia forgotten in the US-  who wrote the famous poem of the nineteen sixties "The People, Yes." Lincoln, TR, Wilson, FDR, Truman, Kennedy are completely erased or forgotten for their policies, their wisdom and their zeal for America. ...

LyrArc Article Gist
Seib cites as a key reason why the presidential race in the U.S. could change- Romney leads by three percentage points over Obama among voters most intensely interested in voting. Another related reason is the plan to reach out to low intensity voters, with the Romney campaign having knocked on 2 million more doors already than they did in all of 2008. Some of the intensely interested voters are more against Obama than in favor of Romney, something Obama experienced in 2008 with the anti-Bush sentiment over the war in Iraq carrying over to support for the Democratic ticket. Another part of the undecided voter sentiment is that more of these voters compared to other voters are dissatisfied with the current condition of the economy and the direction the country is taking. Other reasons that could be cited are the volatile situation in the Middle East which could create questions in voter minds about American resolve in that region, dissatisfaction among some black voters with the deteriorating economic situation for black people, and the lack of intensity among Hispanic voters who feel the Obama administration did not keep its promises on immigration changes, the poor performance of the economy in industrial states of the midwest and east with decline in incomes....