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LyrArc brings in selected articles from many of the world's top publications.

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WSJ Original article ›
LyrArc Article Gist
Trump campaign manager, Paul Manafort, gets a more lenient sentence of 4 years for tax and bank fraud from a judge doing the sentencing. Prosecutors had asked for 13 to 24 years. Separately another sentencing takes place on a different charge next week.

WSJ Original article ›
LyrArc Article Gist
Difficulties faced in winning the farm vote in Gujarat made it harder for Modi's BJP party to win Modi's home state in recent elections. This could lead to a more cautious approach from the BJP government. Price supports and subsidies were an issue for cotton farmers in Gujarat, leading to the loss of seats for the BJP party in Saurashtra region of Gujarat. The BJP resisted measures to boost price supports, subsidies and debt forgiveness leading to the loss of farmers support.

Modi remains popular in the country yet the election shows corruption, difficult situation of farmers facing inflation and water issues, and voters willingness to shift support, could make the ruling party more cautious in taking steps after the introduction of GST unified tax system and monetization slowed growth to 5.7% by mid-2017.

WSJ Original article ›
LyrArc Article Gist
China is in isolation and in a freeze in ways that are unprecedented, that have never happened before. It has depressed world trade, disrupted supply chains of world trade, forced companies to restrict their employees movement, or bring them back home. Apple with 10,000 employees has closed operations and offices in China till Feb. 9. This is happening for many foreign companies in China as they deal with something they have never encountered before.  There is slowing down in demand fro crude oil as the lockdown affects the economy of China and world trade, Oil prices dropped 16% since the virus was detected. When the Sars virus happened in 2003 the Chinese economy was sixth in size in the world, now it is the second largest. At that time 7 million Chinese travelled abroad, today it is about 150 million, affecting international tourism. First quarter growth in China is now forecast by economists surveyed by WSJ at 4.9%, the lowest in decades. ...
The Guardian Original article ›
LyrArc Article Gist
A moment of reflection by Joe Biden at the candlelit Lincoln Memorial reflecting pool in memory of the 400,000 Americans who died in the pandemic of 2020-2021. Mr. Biden plans to vaccinate 100 million Americans in the first 100 days.

NYTimes.com Original article ›
LyrArc Article Gist
In getting the support of an overwhelming majority of Senators to support Ukraine aid Mitch McConnell plays a key role. His remarks on the floor of the US Senate underscored the gravity of this moment in the Congress: "Make no mistake: Delay in providing Ukraine the weapons to defend itself has strained the prospects of defeating Russian aggression. Dithering and hesitation have compounded the challenges we face. Today’s action is overdue, but our work does not end here. Trust in American resolve is not rebuilt overnight. Expanding and restocking the arsenal of democracy doesn’t just happen by magic.” President Biden's effort will be remembered. It is similar to what happened when Harry Truman had to persuade a war weary country and the US Congress in 1948 to pass bill for aid to Greece and Turkey to prevent an imminent Communist takeover with support from the Soviet bloc. McConnell will be remembered for his action, so will Speaker Mike Johnson and Senator Schumer and other Republicans, Democrats that worked hard to get a decisive vote for Ukraine aid of 79 For to 18 Against, with 15 Republicans and 3 Democrats voting against. Alabama Senator shifted to a yes vote saying most of that $61 billion of aid to Ukraine will be spent in the US to hire American workers in defense industries. A $10 billion loan provision with forgiveness included was a way to get the former president to support it. On the third try America's Congress gets it through in a decisive manner with overwhelming support. This is not unlike the efforts before, when Aid to Greece and Turkey had to be passed through Congress under president Harry Truman in 1948 with both countries facing a danger of Communist takeover supported by the Soviet bloc with only US support keeping democracy in both Greece and Turkey. Even in 1948 to a war weary country Harry Truman had to persist and get the support he did from the US Congress as president Biden did today April 23, 2024. ...
DW.COM Original article ›
LyrArc Article Gist
Sofia Diego from the Southern European region of Spain and Portugal, says the idea of a multi-speed European Union as put forward by some in Brussels, including Jean-Claude Juncker, is not the answer- because at some point it makes the whole exercize of a united Europe futile with some countries choosing to ignore the very ideal of European unity. In fact she says we have come too far in that direction and it is necessary to pause and reflect what this means. France's leading presidential candidate Emmanuel Macron has called for a closer union as a better solution to eurozone financial stability with a tighter union. German public opinion and other opinion in the EU does not favor more concessions following Brexit. This opinion from a Southern European country shows how young people especially have developed a new attitude and feeling of togetherness as the European generation. Young people from all parts of Europe have a changed attitude compared to previous generation, and this is a valuable experience that needs to be nurtured with closer interaction to take the EU experiment to the next stage. ...
The Times Original article ›
LyrArc Article Gist
British prime minister Boris Johnson announces tough new measures that make it illegal to socialize in gatherings of more than six. This is an effort to fight a second wave of coronavirus in Britain. The government now believes that normal life will not return till spring and that "moonshot" mass testing will be needed to contain the virus. The new "rule of six" goes into effect in Britain on September 14, and anyone "breaking the rule risks being dispersed, fined and possibly arrested." Covid marshals will patrol city centres to split up large groups.

Schools workplaces and restaurants will be able to hold more than six people in total but they will have to be groups kept separate. The prime minister said it was needed to stop Britain from the exponential growth happening in France. He said "a stitch in time saves nine."

WSJ Original article ›
The Guardian Original article ›
BBC News Original article ›
WSJ Original article ›
The Times Original article ›
NYTimes.com Original article ›
WSJ Original article ›
Washington Post Original article ›
LyrArc Article Gist
Britain's regulatory process is more nimble than that of the U.S. Prime minister Johnson has asked for emergency approval of the Oxford vaccine, and Britain wants to move ahead with vaccination to save lives and control the pandemic.

WSJ Original article ›
LyrArc Article Gist
The Russian economy had GDP decline of 2% and was relatively not affected by the shutoff of imports of oil and gas from Europe in 2022. Gas exports to Europe began declining in the summer. The EU ban on seaborne oil from Russia and price cap went into effect in December 2022. Russia made a huge stimulus of 4% of GDP in 2022. The result is that only now in 2023 is the full impact being felt on the Russian economy.  WSJ reports that in January and February Russian exports of oil and gas revenue which makeup half of the budget fell by 46% year over year, while state spending jumped 50%. Analysts estimate that it would take a price of $100 for Russia to balance its books. Yet the Group of Seven price cap on Russian oil has brought it down to $50- the price the Ministry of Finance says Urals crude sold in February. This is a deep discount to the $80 price of Brent Crude, the US benchmark.  A bigger problem is the downward trajectory the Russian economy faces in future years. Worker shortages are severe for industry and a shift to wartime production does not add to productivity or productive capacity. The cut off from access to western technology and western financial markets will have a severe impact in the productive capacity for the economy, for oil and industrial production in the years to 2030. Russia needed to protect against the gradual shift away from fossil fuels to fight climate change by shifting the economy in a new direction using its access to western technologies not just China's technologies. Instead it now finds itself in a period of 1 year in 2022 when oil revenues surged with prices jumping from the war, and then a steady slump in all the inputs of development- supply of labor, capital and technology declining rapidly after 2023 as the costs of the Ukraine invasion are absorbed into the economy. As this report points out it is the social contract that similar to China's social contract of growth and improvement in standards of living that led to people having a large measure of confidence in the government. It was not fully grasped but it was the access to American and European Union plus Japanese technology, manufacturing, capital and markets that made this possible. With this absent the situation changes to put Russia, and China to a lesser extent as long as it trades with the west, on a different trajectory.  ...
France 24 Original article ›
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. 

The Washington Post Original article ›
LyrArc Article Gist
The Affordable Care Act subsidies are basically a band aid approach to a fundamentally broken health care system in the US, says Washington Post Editorial Board on Nov. 1, 2025. The 22 million ACA subsidies will cost $350 billion over 10 years. Democrats have the government shutdown over this issue of extending Obama ACA subsidies where enrolment increased in the covid and Biden years with generous subsidies. The Washington Post looks at how we got here since 1945, decisions made about employer insurance plans that created a patchwork of plans from private sector and other plans outside it with perverse incentives and inefficient subsidies. It calls the system stupid, and politicians looking to the next 2 year midterm elections wary of addressing the whole problem in the proper way for a system that will benefit all the people of the US.

BBC News Original article ›
LyrArc Article Gist
Under Mette Frederiksen immigration which reached 21,000 in 2015 was down to a little over 1000 a year. She is a strong fighter for workers and families and labor rights and yet tough on illegal immigration. She has been proven right about this as Britain and the US under Biden are seeing illegal immigration as a threat to workers and labour, are seeing the risks of distraction from illegal immigration doing a serious disservice to workers and families by making it hard to fight for workers and families on wages, cost of living and other issues.  Even with a strong record of fighting for workers and families, Frederiksen was one of the first European leaders to see the dangers of illegal immigration to society. It gave parts of the political spectrum that had no interest all along in workers and families doing well, an issue to run on that would come to cause grave harm to workers and families. This turned out to be the error of Angela Merkel a CDU leader brought up in Communist East Germany, who had no idea of the risks of her approach for open immigration. As Merkel let this chapter unfold it created fissures in Europe, with Tories and Nigel Farage taking Britain out of the EU and laying waste to its economy for 5 years till Labour's Starmer adopted a tough immigration policy and became prime minister in 2024. That danger then spread to the US in 2016 which also suffered as Republicans and Trump did the same in the US around rhetoric but without serious action on immigration till the Lankford- Biden legislation.  That bill would have closed the border with Mexico and ended immigration as an issue forever if passed into law in December 2023, as Senator Lankford says would have happened. Ending immigration as an issue forever alongside foreign wars as an issue, so that a concentrated effort could be made on improving badly damaged lives of workers and families. And on rebuilding badly damaged manufacturing in the US, rebuilding collapsing infrastructure, and competing with better education and healthcare with the large Asian countries China, Japan/ South Korea, India. ...
Economist Original article ›
LyrArc Article Gist
Trevor Manuel, as head of the national planning commission, may have even more authority -as he oversees all economic policy on behalf of the President- than in his previous position as finance minister of South Africa. President Zuma knows that he is not a person fond of policy details and long reports, and he may be wisely creating this position in the President's office so that he could delegate this important work to Trevor Manuel. The head of the tax department, Mr Gordhan, becomes finance minister. Asked what his priorities would be, Zuma in his characterstic manner joked , " My rooibos tea, honey and lemon."
WSJ Original article ›
LyrArc Article Gist
When you compare the US to the European Union or India one can see how America is failing its people in offering basic public services that other countries do routinely. Jennifer Pahlka is the author of- Recoding America: How America is Failing in the Digital Age and How We Can Do Better. Pahlka points out the problem in the US where private companies obstruct the delivery of basic services that the government can provide, just for their own profit. They throw in a carrot so that there is an excuse for not doing anything about this. For example tax preparation companies tell the IRS not to develop a simple tool available to all taxpayers to file their own taxes easily which is already filled with basic details. The carrot so that no one complains is that they will offer free tax preparation services to low income people. In the EU and many other countries tax preparation is done using tools offered by the tax agencies for easy preparation. In India it was possible to make it through the pandemic for large parts of a population of 1.4 billion because checks could be deposited directly into people's bank accounts. Digitization is used in India to make certain there is delivery of public services directly to each person. ...
Hindustan Times Original article ›
LyrArc Article Gist
Parmeswaran Iyer headed two of prime minister Modi's favorite projects, one for ODI free India through the Swachh Bharat Clean India Mission, and second the Jal Jeeven Drinking Water for All mission. In both he has performed admirably. He is an IAS officer from 1981 from Uttar Pradesh batch and worked with the World Bank water initiatives from 2009 when Modi brought him back to India for Swacch Bharat Mission. Har Ghar Jal to bring water by tap to every family in India is an exceptional achievement of Modi and Iyer.  This report in Hindustan Times shows how hands on Iyer is, as it says Iyer cleaned a toilet pit during one visit to Telengana state in 2017. The behavioural transformation India experienced under people like Modi and Iyer takes India back to the days of the Gandhi Ashram on the Sabarmati river in Ahmedabad. Gandhi's activity there including a form of Swachh Bharat Mission in its pioneering days in the 1920's setting the form of activity that was not forgotten and brought back by Modi and Iyer one hundred years later. This has touched the lives of hundreds of millions of Indians today in the way Gandhi's ideas touched the lives of hundreds of millions in the 1920's, bringing dignity and grace to the faces of 1.4 billion people and providing an example for the extended neighborhood to Indonesia for close to 2 billion people. ...
The Guardian Original article ›
LyrArc Article Gist
Olympic gold prospect for England who had her left side paralyzed from a horse riding accident before her GCSE's. Georgina Brayshaw says she could only use her right arm and smile with half her face. From that event and after her mom had a stroke Georgina persisted and looked for ways to carry on with her life giving it her all. She went on to continue her studies and not lose a year for her GCSE's. Georgina who is part of the 4 woman England team that won the World Championships for Rowing in Lucerne  is now set for the Olympics in Paris. She says she took up the sport of rowing in university as most people said she could not do it. She says what happened to her wasn't good and it wasn't bad, it was just life. And that she was always taught that you just get back on and try again.

WSJ Original article ›
LyrArc Article Gist
Two professors from the University of Nebraska offer ideas on spouses connecting with each other during retirement. Recognition of the new situation where old roles at work are behind and new relationships have to be cultivated is part of the answer. Building on the good emotional parts that went before is one way to build a connection. Recognizing that taking away work and children makes this different. That one has to build something new and exciting to replace that, to create new pathways to each other and to relearn some things, and build joy in a relationship by talking to each other and recognizing one's frailties openly, creating new meaning from old memories of doing things together.

France 24 Original article ›
LyrArc Article Gist
As president Biden says a Russian attack on Ukraine could come at any moment and asks Americans to evacuate immediately, the Russians say that there is no such thing happening. The why the troops massed on the Ukraine border? Russia says normal military exercises, which is not so persuasive to Europe and America.


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