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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.


Wall Street Journal Original article ›
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Australia's minimum wage is set for 2015 at $16.87 Australian dollars per hour, or $13.55 U.S. dollars for people over the age of 20. This is 30% higher than the minimum wage of $10 in California, and almost double the federal minimum wage in the U.S. For years since the late 1990's it has been increased as Australia benefitted from a commodities boom. With the lower employment in the mining and other sectors in 2015, and a fading of the commodities boom, experts say the minimum wage needs to be restrained to reflect the changes in the economy. Unemployment at 4% in 2008, is now 6.1%. Unemployment for people 15-24 not attending school increased to 14.1% in Nov. 2014, declining to 13.1% in Dec. Workers under 21 are paid much less significantly lower on a sliding scale, an idea that could be borrowed in the U.S. as the minimum wage is raised higher to provide adequate income for workers with families to support. Experts point to high unemployment in the 1990's even when there was a low minimum wage. As a matter of fairness the wage setting body in Australia takes into account the median wage. It was 54% of the median wage in 2013, compared to 37% for the U.S., according to the OECD....
BBC News Original article ›
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Angela Merkel announces her decision to run for reelection as chancellor on Nov. 20, 2016, saying she will "fight for our values and our way of life." About 55% of Germans support Merkel. After 11 years in office Merkel if reelected would exceed the record in office set by Helmut Kohl from 1982 to 1998. Germany does not have term limits for the position of chancellor. The changed political situation in the U.S. and Britain has made the role of Germany much larger in international affairs.

NYTimes.com Original article ›
LyrArc Article Gist
45 million acres burned, large parts of the Canadian forest from the Northwest territories to British Columbia, area four times the size of California making up 10% of the world's forest devastated by wildfires. This is Canada in 2023 with unimaginable smoke and evacuations. David Wallace looks at the situation in this part of Canada, just north of the US and stretching to the Arctic Circle.

NYTimes.com Original article ›
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Tim Walz uses a sports metaphor about being one behind, fighting for every inch in this football game to score, as he brings to life this final effort of 75 days to win the election for president Kamala Harris, for president Biden, and for workers and families across the 51 States. Read the full speech at the Convention as Tim Walz accepts the Democratic nomination for Vice President. "Their Project 2025 will make things much, much harder for people who are just trying to live their lives. They spend a lot of time pretending they know nothing about this. But look, I coached high school football long enough to know, and trust me on this: When somebody takes the time to draw up a playbook, they’re going to use it. And we know, if these guys get back in the White House, they’ll start jacking up the costs on the middle class. They’ll repeal the Affordable Care Act. They’ll gut Social Security and Medicare. And they will ban abortion across this country, with or without Congress. Here’s the thing. It’s an agenda nobody asked for. It’s an agenda that serves nobody, except the richest and the most extreme amongst us. And it’s an agenda that does nothing for our neighbors in need. Is it weird? Absolutely. Absolutely. But it’s also wrong, and it’s dangerous. It’s not just me saying so, it’s Trump’s own people. They were with him for four years. They’re warning us that the next four years will be much, much worse." ...
The Guardian Original article ›
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Iran peace talks in Islamabad on April 12 and Iranian refusal on nuclear weapons development and ballistic missiles leading to collapse in 21 hours of talks. Vance leaves talks and US plans to impose a naval blockade of Iran. This report by the Guardian shows that media coverage has created a sense of delusion that the world including the poorest countries in the world in Asia, in Latin America and even in Europe, and the industrialized countries will somehow allow the free navigation for oil and other raw materials to be interrupted by any nation. There are protests all over the world about increase in fuel prices, some of this affects LPG supplies for cooking in countries with a population of 1.4 billion people (India) many times that of the entire Middle East. Tens of millions of migrant workers head back to their homes in poorest states in India as LPG cylinder prices quadruple and are in short supply April 13, 2026.It also affects China and Japan which are dependent on Hormuz,  not the US which exports oil and does not seek to gain from oil prices. Posturing by the media and European governments on this issue has created this delusion that this is about US actions, when the US is only acting in the interests of all nations to keep the planet safer from dangerous nuclear proliferation in the region most torn by repeated wars in the last 50 years. Some of the language used about attacks on power plants has become a reason to justify such reporting to present aggressive ballistic missile development and nuclear weapons development in Iran in a benign way, becoming oblivious of how it affects the lives of billions of people around the world, as the Middle Eastern region a small fraction of the world's population (less than 7%) and a small fraction of the planet's surface (less than 6%) continues to operate in a way that is destructive for the lives of people around the world.   ...
WSJ Original article ›
LyrArc Article Gist
One way to tackle procrastination that works is to clear all distractions, focus on the positive effects of getting tasks perceived as difficult done first, and enabling this by breaking up a difficult perceived task into a couple of smaller tasks. 

Other things to do to get work done is to set specific times such as 9 to 11 am for perceived difficult work, simple rewards are set such as having a cup of coffee afterwards or taking a walk after two hours of work, time cleared by distractions pushed out of the way. People usually find out that it wasn't that bad anyway to tackle that perceived difficult work, and it helps to have tackled it and the couple of other tasks that are sitting on your desk remaining to be done. Pretty soon your list clears up, increasing satisfaction, rewarding yourself along the way,  and you have a new burst of motivation to tackle more.

The Guardian Original article ›
LyrArc Article Gist
Barry Eichengreen of the University of California, Berkeley, looks at problems in the British economy reflected in the sharp decline of the pound of over 10% which he says will get even worse. The problem is weak productivity growth. Eichengreen looks back in time to similar crises for the British currency the pound. In 1931 it was unemployment at 21% that made the pound weak. In 1949 the high war debt made it difficult to finance British imports. In 1967 under Harold Wilson the drop in productivity was a problem. In 1992 the cumulative loss of productivity and uncompetitive exports with British output per hour about 15% below Germany led to a sharp decline in the pound. The current crisis reflects falling productivity from a lack of investment in infrastructure, deterioration in educational levels, the lack of trained and educated people to fill positions. Frictions and inefficiencies as a result of Brexit compound the difficulties.  The brief look at the last 100 years for th British pound gives a better understanding of the outlook for the British pound, which will only get worse, says Eichengreen. ...
The Guardian Original article ›
LyrArc Article Gist
Offenders as young as 12-15 years are charged in the UK riots. On judge tells youth who was involved in disorder in Manchester, then a few days later throwing stones at police in Rotherham, was told by the judge at Manchester magistrate's court- “You are the first person I have dealt with to have been involved in two. It’s time to stop letting your mum down now. You are to do one thing – do as you’re told.” Online offenders are also charged. Janet Potter, deputy chief crown prosecutor for CPS North West, said: “This conviction should be a stark reminder to so-called keyboard warriors: online actions have consequences.” One offender 53 years was jailed for 15 months for a Facebook comment inciting disorder. Persons posting TikTok videos  that incited unrest were also charged.  The oldest rioter a 69 year old first time offender got 2 years and 8 months for joining the riots in Liverpool. Even not participating n a riot but in taking a computer monitor from a burnt out library in Liverpool as for one 22 year old,  the judge's response was for stiff sentences. ...
WSJ Original article ›
LyrArc Article Gist
The Fed's Jerome Powell makes a half percentage point rate cut that takes the federal funds rate to between 4.75% and 5.00%.  11 of 12 Fed governors supported the decision for a half percentage point rate cut.

Powell said:

"We are committed to maintaining our economy’s strength. This decision reflects our growing confidence that with an appropriate recalibration of our policy stance, strength in the labor market can be maintained.”

This is the US central bank's, the Fed's response to high cost of living concerns in the US. It provides relief to households with credit card balances, and business with variable rate debt. Rates for corporate debt and mortgages had started declining in anticipation of rate cuts.

WSJ Original article ›
LyrArc Article Gist
Elin Hildebrand, is author of summer novels based in Nantucket, a coastal community of Massachusetts. Over 25 years she has written summer novels that have sold tens of millions of copies and now plans making a change to literary fiction set in Academy, a elite boarding school. As writer Elin is unique with her disciplined workout and her small town ways. Keeping a discipline in exercise that is tougher than her writing- seven days a week she rides her bike, does a Barre class and does a slow jog for four or five miles. It took many years to get to where she is, and she is happy for this as success too early leads to disappointment later. Hildebrand works out for three hours promptly after waking up. Nothing is as hard as this workout. She studied at John Hopkins and attended two years in a graduate English literature program at the University of Iowa before getting into writing a range of fiction. From early childhood experiences in Philadephia, a summer at Nantucket, she has put roots in this coastal community of Massachusetts for about 25 years. ...
WSJ Original article ›
LyrArc Article Gist
The Ukraine, Israel and Indo-Pacific aid bills are passed in the House of Representatives with 316-94 vote on April 19, 2024. Vote rule set with support of Democrats made a simple majority vote sufficient to  pass. It was a significant win for both parties as 165 Democrats and 151 Republicans voted for the bills. 55 Republicans and 39 Democrats voted against. It was as Speaker Johnson had said earlier for each Congressman to vote his conscience. Speaker Johnson said it was the best possible bill "we could get under the circumstances." He said if this wasn't done then Democrats would have bypassed Republican leaders and forced their own package of bills through the House. As a nod to the former president $60 billion in aid to Ukraine has $9.5 billion in forgivable economic loans. Overall similar to what Democrats had passed in the Senate over a month earlier. “I hope at the end we can take care of our responsibilities. Ukrainians desperately need lethal aid right now. I mean we can’t allow Vladimir Putin to roll through another country.” - Mike Johnson, Speaker ...
The Guardian Original article ›
LyrArc Article Gist
The Guardian looks at work culture in Sweden, with 15 minute coffee or fika breaks, zero overtime, the German practice of feierabend of cutting off from work at 5 pm, holiday allowance for taking holidays. Employees can control their own hours in a flexible way, working longer some days and shorter other days. This kind of healthy work culture actually increases productivity of employees. Better the health of employees, better is the output of work they can perform.

Washington Post Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Coal India, is a state run monopoly which is a huge stumbling block for India's economic development. India lags behind Brazil, Indonesia, Thailand, Vietnam and Malaysia in the percentage of the population having electricity. Production methods do not use modern technology similiar to mines in other countries, and the average age of the 333,000 employees is 45-50 years. An eight hour shift at some mines produces as much coal as a mine in the U.S. does in 5 minutes, because of the lack of modern technology. About 300 million Indians lack electricity. The Modi administration's focus is on improving efficiency, introducing competition, and bringing major technological changes to the coal industry. Piyush Goyal, India's Coal minister faces one of the biggest challenges in the Modi administration. His focus is on efficiency, and the Modi administration has set a target of 1 billion tons for 2020, a 15% increase in production each year for the next 5 years.
New York Times Original article ›
LyrArc Article Gist
The new GM-UAW four year contract will provide $5000 signing bonuses to workers in place of cost of living wage increases. GM makes a committment to reopen the Spring Hill, Tennessee manufacturing plant which was idled. Entry level workers earning $14 an hour will receive increases of $2 to $3 per hour. The contract also provides for the hiring back of laid off workers as market conditions improve and for bringing back manufacturing and jobs to the U.S. In that sense it is a forward looking agreement for UAW, GM, and the U.S.
WSJ Original article ›
LyrArc Article Gist
WSJ looks at dangerous work loads and overwork, 100-125 hour work weeks with little or no chance for rest for younger workers in investment banking. Most of them sign up for the opportunity unaware of the toll it will take and bosses routinely expect such dangerous workloads ignoring bank policies that are not enforced by the banks management. 

WSJ Original article ›
LyrArc Article Gist
Who will take up the difficult work in American childcare centers at $10-$15 per hour when retailers such as Amazon and Target are paying $20-$25 an hour during labor shortages in the US in 2021. As a result thousands of childcare centers in the US are closing and others are operating at a fourth or fifth part of their capacity. The result- less childcare and fewer women able to return to the workforce. Fewer men who can go back to work if caring for a child. This leads to further labor shortages. For a long time retailers like Amazon and Target were faulted for paying wages that made it difficult for workers to support their families. With the increase in inflation of about 5% in 2020-2021 it is even more difficult to pay for essential food and clothing. Another problem that America and Europe have lived through under different administrations in the last 2 decades is now getting even worse. Left to markets alone the whole system breaks down when one by one essential services such as healthcare, sanitation, childcare, transportation, cannot be provided. The US is facing an existential crisis not just in climate change but also in childcare, healthcare services. Both are caused by same source, a lack of emphasis on the right and essential national priorities. The causes go back to faulty capital allocation in America and Europe. $390 billion is allocated for childcare in Biden's plan in October, yet the Biden Families and Workers plan faces resistance. Gradually many of president Biden's programs for women including paid leave, child care and others are being shriveled into smaller and smaller amounts and the $3.9 trillion in spending for the workers and families plan is down now to $2 trillion.  The US and Europe face splits in society with one more urban and from the professional classes and the other more rural and in smaller urban communities and from the less educated classes each having different priorities. Only a clear resolution in the proper direction can bring relief for women, children and all segments of society, needed for a good society. ...
NYTimes.com Original article ›
LyrArc Article Gist
What the future can look like for a Ford Motor workers family, in which a husband and wife work long hours, 12 hours shifts with overtime, 7 days a week just to make ends meet. Dave and Bailey Hodge are shown here and tell their story to the NYT.

WSJ Original article ›
LyrArc Article Gist
This report in the WSJ points to Democrats having won consistently 18 states plus District of Columbia adding upto 242 Electoral College votes in every election since 1992. Democrats need 28 more to cross the needed 270 votes. Republicans consistently having 13 states with 102 electoral College votes. Demographic changes in recent years have shifted to where Hillary Clinton may not need to devote resources to Colorado and Virginia because of a more favorable position there.  Carrying Pennsylvania with these 2 states would put Clinton over the 270 required. Vice Presidential candidate for Clinton, Senator Keane is from Virginia and is popular in the state.  Pennsylvania has a long history favoring Democrats. North Carolina has also seen demographic changes favoring Democrats. The Clinton campaign is focussing ads on these states as well as the swing states of Nevada, Iowa and New Hampshire, as well as Georgia, Arizona and Utah which are becoming competitive for Democrats. By keeping up the effort in Georgia, Arizona and Utah, Clinton hopes to make Trump divert resources there. Other two swing states are Ohio and Florida, but this WSJ report says Clinton has to win only one of the four swing states of Pennsylvania, Ohio, Florida, and North Carolina to go over 270 and Trump needs all four. Of the 20 media markets Clinton or her super PACs have focussed their ads on 16 are in these 4 states. The Clinton campaign is looking at several alternative routes to 270 Electoral College votes, which gives it more flexibility to plan the campaign.  ...
John F. Kennedy Presidential Library and Museum Original article ›
LyrArc Article Gist
Sixty four years ago president Kennedy accepted the nomination of his party with these words in Los Angeles on July 15, 1960- "But I think the American people expect more from us than cries of indignation and attack. The times are too grave, the challenge too urgent, and the stakes too high--to permit the customary passions of political debate. We are not here to curse the darkness, but to light the candle that can guide us through that darkness to a safe and sane future. As Winston Churchill said on taking office some twenty years ago: if we open a quarrel between the present and the past, we shall be in danger of losing the future.  Today our concern must be with that future. For the world is changing. The old era is ending. The old ways will not do.  Abroad, the balance of power is shifting. There are new and more terrible weapons--new and uncertain nations--new pressures of population and deprivation. One-third of the world, it has been said, may be free- -but one-third is the victim of cruel repression--and the other one- third is rocked by the pangs of poverty, hunger and envy. More energy is released by the awakening of these new nations than by the fission of the atom itself."       ...
WSJ Original article ›
LyrArc Article Gist
One way US president Biden hopes to pay for replacing America's crumbling infrastructure is by bringing back the principle of fair sharing of the tax burden to 45 of America's largest companies. Companies like Amazon, Apple and Google would now pay the minimum corporate tax rate of 15%. The idea of a global minimum tax rate is put forward by US central bank chief Janet Yellen and the US Treasury Department, and also by president Biden. Over four decades China moved from a nation of bicycles to some of the newest infrastructure in the world just as the US and Europe's infrastructure decayed and was not renovated. There is a sense of awareness today that this decay of  infrastructure should not have been allowed to happen, that it is essential for the welfare of the countries and the people of America and Europe.

The Times Original article ›
LyrArc Article Gist
For the 100,000 employees of Vodafone the pandemic has lessons for creativity, flexibility and innovating in work habits. In 2 weeks 95% of the employees worked remotely. Now Vodafone experts say that individual projects and tasks make up 60% of work which can be done remotely. Only 40% of tasks require working in a team setting with other people. The 60% done individually can be done in a remote setting making it necessary to to adopt a flexible approach for best results. Here Nick Read, Vodafone CEO, says because of London's unique setting and exceptional access to the talent pool this will always be a good office location as a central office. Yet the new concept is for hubs all over the country so that Vodafone can tap into talent across the nation in diverse parts of the UK. Mr. Read looks at the views of employees and says this period has shown enhanced productivity with remote working. The additional challenge of balancing family and work can create some stress, and Vodafone has taken some steps to tackle this. It provides guidance to employees on how to handle work in a remote setting, limits meetings to 20 minutes with long separation between meetings. Vodafone is now designing offices in European locations based on what it has learned during the pandemic. In the Netherlands it is splitting the office and remote work 50-50 based on Vodafone's new understanding of the value of remote work. The expansion of the work day as employees handle other tasks, has to be handled well with some structure. The German idea of Feierabend, or end of working day, calling for a set time to disconnect the work day and do something else cycling, exercizing, something fun and relaxing to disconnect, is shown in Lyrarc. Other articles on working remotely in Lyrarc show that limiting intense concentration work to 4-5 hours is a good way to be at your best in productive work. This is because an 8 hour work day at the office has many distractions, meetings and interactions. The office work day has much shorter stretches of concentrated work than we think. ...
NYTimes.com Original article ›
LyrArc Article Gist
Stephen Castle of the NYT gives an objective look at Andy Burnham of the Greater Manchester area and Labour party leader. Burnham has said that Britain has been on the wrong path for 40 years and had the courage to prove this by leaving London for his home region of Greater Manchester in the North of England, after serving as chief secretary of The Treasury and Labour minister under Gordon Brown around the time of the financial crisis of 2009. After winning in Greater Manchester he served as Mayor of this important region of Britain second only to London in importance, which after the fall of the British Empire, has led to politics focusing entirely on London. His term as Mayor involved getting transportation out of the hands of the private companies and having the government run it efficiently for the people of Manchester. His term is viewed favorably for improving the economy of the region. Compared to the people Britain has turned out previously- Thatcher, Blair,  Brown, Cameron, Starmer, he has genuine experience running a region and tackling tough problems, which none of the other leaders had, that comes from his hard work for the people of Greater Manchester as head of the local government. He has the skills to bring people together around his vision for the Labour party, similar to that brought by Clement Attlee. At Lyrarc we looked at what  Britannica Encylopedia has to say about Attlee and found that Attlee spent his first 15 years in the difficult working class district of East London, similar to what Burnham has done by moving back to his home region in the north and quietly working to understand the people, their aspirations and how to make them come true. Attlee did this in 1945-51 (setting up the National Health Service NHS and Bank of England, other revered institutions) the way Franklin Roosevelt did in the 1930's to establish the modernization of New York government that he later applied to 51 states as president. This is the kind of task similar to Attlee and FDR that Burnham has the potential to accomplish for Britain. Like Attlee Burnham is self effacing with little sense of wanting public recognition, comfortable with who he is and where he is from. Like Attlee staying away from Ramsay MacDonald's Labour government in 1931, when it failed to find a clear path ahead for Britain, (Burnham concentrated on Manchester away from London), and decided to forge his own way forward with new ideas and being creative- as it was under Attlee that the British Empire was converted into the British Commonwealth of Nations. An enormous feat that has not been fully grasped and will one day be seen as an amazing achievement of the 20th century- India independent and  creating a modernized state the size of the US, European Union or China by 2040/2047. This is our assessment at Lyrarc of the potential Burnham could have for Britain- and possibly for the world again like Clement Attlee in 1945-1951. ...
The Guardian Original article ›
LyrArc Article Gist
Labour leader Keir Starmer tells the 1923 Labor Conference in Liverpool imagine what we could build  "if working people feel they belong and can contribute to Britain, if a whole country says we back your potential." He said of the Tories damage during 13 years of government, "their project will crash against the spirit of working people in this country." And he called the Labour party the builders, the healers- "But know this-what is broken can be repaired. What is ruined can be rebuilt. Woulds do heal." And he said "people are looking to us because they want our wounds to heal and we are the healers, people are looking to us because these challenges require a modern state and we are the modernizers, people are looking to us because they want to build a new Britain, and we are the builders."

The Guardian Original article ›
LyrArc Article Gist
Superb batting performances by Dhruv Jurel and Shubman Gill as India win by 5 wickets against England in the 4th Test at Ranchi. Ashwin with 5 wickets and Kuldeep with four keep England's batting effort subdued at 145 runs in the second innings, losing the last 7 wickets for just 35 runs. India is now up 3-1 in the Test series. The test also brings up remarkable new bowling and batting talent for India and England in the form of Hartley and Bashir for England, and Jurel and Jaiswal for India.


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