LyrArc Article Gist
Michigan Governor Whitmer, a Democrat, says she supports tariffs in a state hit hard by offshoring of American factories and loss of jobs leading to decay of small towns depending on factories. She says tariffs should be done in a way that do not increase cost of living for workers and families. Whitmer calls for distribution of tariff revenues to workers and small businesses hit by tariff related price increases in this op-ed in the Washington Post. DJT has called for a $2000 rebate to go to American workers and their families and all who are impacted by tariffs using the tariff revenues in 2025 and 2026 estimated at $550 billion. Expect to see this money to go out to workers before the midterm elections. 

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The Economist magazine expresses the view in this editorial that Britain is likely to shift to the "greatest extension of economic democratic rights that this country has ever seen" under Labour party because of what it calls the "grotesque"  uncertainty situation created by Brexit and years of austerity under the Conservatives, split in Conservatives under Theresa May. Britain is getting the debate of ideas that the referendum has led to and the possibilities for reshaping Britain under Labour after the "grotesque folly" of Brexit. 

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The British Army is taking steps to counteract anti-vax propaganda and disinformation about the vaccine being spread in the UK and other countries. An "elite information warfare" unit has been mobilized in the British Army. There is alarm that large sections of the British public are being given disinformation about the vaccines being developed by Britain, India, and the U.S.

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On the Matterhorn mountain at night the messages "Stay at Home,"  "Hope," and the Swiss flag are beamed on snowy slopes, as Switzerland enters the 11th day of quarantine. It is about working hard at following simple rules and staying at home, an appeal to Swiss people who believe in working hard and being sensible.

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Goldman Sachs Group is in negotiations with the U.S. government to admit responsibility for its role in the 1MDB corruption scandal in Malaysia and pay a $2 billion fine. The WSJ reports that Goldman raised $6.5 billion for 1MDB, or 1Malaysia Development BhD. Money raised was intended to be used for development and infrastructure in Malaysia. WSJ points out that it was misused by Malaysian government advisors under the government of Mr. Najib Razak, and 2 Goldman bankers. Goldman pursued $600 million in fees and ignored red flags that this misuse of funds was happening. Malaysia's newly elected government of Mr. Mahathir Mohammed is trying to clear up the mess of the previous government of Mr. Najib Razak, and has charged Goldman in a separate criminal investigation including 17 former and current employees of Goldman offices in Asia. Mr. Mahathir Mohammed came to power on an anti-corruption platform. The WSJ was the first to look into problems at the development fund, which it has continued to do for many years, helping Malaysia redirect development finances for growth. ...

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U.S. president Trump says he will rely on Congressional legislation on update of the 1980's CFIUS law giving the executive ability to review foreign investment transactions seen as national security risk. This approach was seen as better than executive action after the Trump administration decided this would be sufficient to protect U.S. technology. In addition the Commerce Department will come up with new rules on export of sensitive technology to other countries.

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Revamping enclosed malls that are no longer needed is not working. Two projects of Brookfield Partners are failing. Needs are different today from what they were in the 1950's and there is a need to build using entirely new designs on the land occupied by the enclosed malls. 

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Two German Patriot air defense systems are to be transferred to Ukraine and replaced by the US. The decision by Germany's Merz comes as Kyiv suffers a cruise missile attack that destroys an apartment block leading to 31 dead and 159 wounded on July 31, 2025. Five of 8 cruise missiles used evaded air defense systems.  The war brings ancient history important to Russia in the founding of the Russian state in European history before 1450 and complicated history after the Communist Bolshevik Russian revolution in the Ukraine region, the Cold War and Russia returning to its historic role of a Northern European Power. Russian commentary on Russian nationalism today suggests Russia seeks acceptance as a major European power without Wall Street's evaluation based on GDP of nations leaving Russia middling status. Wall Street gives disproportionate importance to China relative to India, Russia and Brazil three large nations on 3 continents for example. Witkoff is on the way as DJT emissary to Russia to seek some solution, but the war drags on as Russia sees itself making slow yet steady progress and seeks to end the war on terms favorable to it following huge loss of life estimated at hundreds of thousands. In August both sides including DJT are losing patience. DJT offers more sanctions but says at the same time that this may not deter Russia. Following SPD's Scholz frustrated yet restrained approach to the war, Chancellor Merz is investing in a rebuilding of Germany's defense forces and it's infrastructure. ...

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Reports from automotive experts in Stuttgart show German car companies and suppliers are not well prepared for the competition in electric cars. Their leadership may not be taken for granted in electric car world causing threats to jobs, tax revenue and growth. It was in a Stuttgart garage that Daimler and Maybach invented the internal combustion engine 136 years ago in 1884.

The Institute for Employment Research of the German government prediction is that if electric cars make up 23% of all cars sold in 2035 the country would lose 20 billion euros in output, 0.6 percentage of GDP, and 13% of its 870,000 auto industry workforce. This is because China is emerging as a formidable competitor in electric cars and has invested heavily in this sector.

As in broad band infrastructure shown in a recent report in Lyrarc, Germany has failed to invest enough in electric cars.

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The first rally for Harris in Milwaukee, Wisconsin. The road to the presidency goes through Wisconsin and Harris received enthusiastic support with Governor Tony Evers putting it this way-On the Tony Evers excitement scale that goes from ‘holy mackerel’ and maxes out at ‘heck yes,’ I am jazzed as hell to be welcoming our next presidential nominee to Wisconsin: Vice President Kamala Harris.” Harris used the same lines she used in Wilmington at her first rally in Milwaukee, Wisconsin. In her legal career, Harris said, she “took on perpetrators of all kinds. Predators who abused women, fraudsters who ripped off consumers, cheaters who broke the rules for their own gain.” “So hear me when I say I know Donald Trump’s type”  On project 2025, the blueprint for the first 100 days in office of a Trump second term, the action items are ones that would jeopardize the safety of American institutions that were set up with so much care by Thomas Jefferson, John Adams, and nurtured by the first president George Washington with little attention to himself, and protected by president after president through civil war under Abraham Lincoln, through 2 World Wars and The Great Depression under Woodrow Wilson and Franklin Roosevelt, through recovery under Harry Truman and Ike, only to falter under a series of mediocre presidents Reagan, Clinton, Bush, Obama and be endangered by a NBC television show and construction business person with support from new social media networks that were unknown throughout America history till 2010 and television networks that had degenerated into recklessly divisive behaviours to win silo audiences. ...

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Former employees of Google and Facebook have joined together to form The Center for Humane Technology. It plans to fight tech addiction in schools. A ad campaign is planned with $7 million from Common Sense, capital it has raised, and $50 million in donated media and airtime by DirecTV and Comcast. The idea is to educate students, teachers and parents about overuse of tech media leading to depression, other dysfunctional health issues. 

In one report even Tim Cook, Apple CEO says he realizes the dangers and is trying to discourage such use by his nephew. Some early investors such as Roger McNamee say they are horrified at what has happened with overuse of social media, especially health effects for a generation of school children and young adults. 

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Redmayne is the Australian goalie brought in as a sub for a penalty shootout by the coach against Peru. The result 5-4 in favor of Australia. Here he is shown as being a really unconventional choice, no one had even heard of him, to bring a bit of distraction for the Peruvian soccer players.

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Online 1 year certificates of deposit have annual percentage yield of 4.75% in 2023 compared to less than 1% in 2022. This is a significant improvement for what the average American gets on his savings accounts. For two decades low interest rates on savings accounts hurt average Americans whose savings did not grow through interest accumulation.

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Gallup found last summer that only 16% of Americans polled had "quite a lot" of confidence in newspapers, in its decades long polling of "Confidence in Institutions." For TV news only 11% trust it. Bret Stephens of NYT says the right approach to give marginalized communities a voice is to create more diverse newsrooms not let objectivity be eroded. He reminds people that in a democracy its not just about reporting, it's also about listening, listening to all the people. He quotes Arthur Miller- "A good newspaper, I suppose, is a nation talking to itself." President Biden showed this in his State of the Union address, by working hard to listen to what the nation is saying about itself, about communities all across America that were for too long being ignored while jobs were sent overseas and communities suffered. For far too long, a period that stretched into four decades, turning them into the "invisible" people. Ninety years after Carl Sandburg's "The People, Yes" the task is one of restoring that voice of the people of America. About Lincoln, Sandburg wrote that he said Yes to the paradoxes of democracy, Yes to the hopes of government, No to debauchery of the public mind, Yes to people struggling in the middle of illusions, which of the faiths and illusions would he or she choose for his portion of the light, to take one out of the wilderness. If death was in the air, so was birth.   ...

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Th Labour party of Mr. Anthony Albanese promised a referendum on its "voice" plan to give aboriginals separate representation. It would have created an advisory body to the government for indigenous people related to issues such as health and education.The referendum failed by a wide margin in the vote across Australia. Some opposed it as not doing enough for reconciliation with the indigenous people who make up 4% of the Australian population, the opposition Liberal party opposed it as being too vague, and others felt the government was not doing enough for major issues such as cost of living.

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An ad for a state sponsored campaign to promote women having babies on "Fertility Day," September 22, in Italy, shows a man holding a cigarette that is half burned, with the line: "Don't let your sperm go up in smoke."  The ads were deemed offensive and were withdrawn. Women say the problem is not that women don't want to have babies. It is because women depend on grandparents to provide childcare in a country that lacks enough child care facilities. Companies are still backward when it comes to offering flexible hours for women with small children. Birthrate in Italy is about 1.37 per woman compared to France at about 2.0, because France does better at flexible hours, and social safety net that includes day care and subsidies for families with children. In fact women say in cities it is prudent for women to think about having a second child because of work related issues. Italy spends less on social protection benefits- about 1% of GDP. Has a low female employment rate with some young women having to sign a pre-sign a resignation letter. Only recently did premier Renzi introduce a baby bonus of 80 to 160 euros. But the culture at work and the social support net is not encouraging. ...

LyrArc Article Gist
Karen Elliott House, a former publisher of the Wall Street Journal, who won a Pulitzer prize for reporting on the Middle East, is now researching Saudi society. She now writes this scathing report from Saudi Arabia. She says that just as in Egypt, an old corrupt leadership continues in power for several decades, an old corrupt leadership in the form of 7000 princes in a vast royal family. King Abdullah is in his eighties and the ruling princes have an average age of 83, and have illnesses for which they are under medical treatment. They continue to lead a nation where 60% of the people are young people under the age of 18! Itself an astounding fact. Karen House points out that the internet and social media have also made the young very knowledgeable about the conditions in the country- where 40% of Saudis live in poverty and 70% cannot afford a home. Bad managemet by the princes has affected basic services including the sewage and drainage problems in Jeddah after the floods. It is astounding that far less wealthy Gulf sheikdoms are doing a better job of providing education, jobs and health care. Thirty years of visiting Saudi Arabia, and the last four years of intensive reporting, has persuaded Karen House that this situation is at an impasse that might end up resolving itself through some sort of upheaval. To Karen House this looks like the last days of the aging leadership under Brezhnev before the Soviet Union collapsed....

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Bill Frauenhofer the chips Czar in DJT administration, Commerce Secretary Luttnick and Intel CEO Tan, his Finance VP, all work together to put Intel back on top- shares quadrupled in price in 2026 . US gets Apple and Space X other companies to buy from Intel. Intel gets AI orders from Nvidia as CPU demand rises. The US has converted $5 billion in federal grants into stock for a 10% stake in Intel. This is state capitalism in many ways,  imitates China as it rapidly modernized, and this helped  China get a large foothold in chips and EV's.

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The DJT Putin talks in Alaska lead to both sides agreeing that there would be another meeting and the goal would not be a ceasefire but an effort to reach a peace settlement. The media NYT, WSJ, Washington Post and others present it as a failure to reach a ceasefire. Yet ceasefires can be broken and with a better understanding and mutual respect after personal discussions, US and Russian leaders can help setup a lasting peace. Principal stumbling blocks of Ukraine after a long bruising fight is wary and skeptical of Russian intentions and Russia after suffering huge losses seeks to present its side and make some gains. Also emerging from the talks is abetter understanding of what the Russian side wants and is willing to accept. Putin accepts the need for European troops in Ukraine to ensure a lasting peace. The US does not want to get involved in a European war and the European peacekeeping force would have US military support but no US troops on the ground, something the Russian side is willing to accept. ...

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Sober travel is surging among young people in America. This report shows sober travel meaning no alcohol in wineyard trips to Sonoma, California, or in the foothills of the Andes mountains in Mendoza wine countryside. For them it makes good sense, wellness, beautiful landscapes and fine dining. This NYT report shows a growing trend of travel of this kind.

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After 3 decades the US is finally offering the scale and scope of infrastructure investment overseas that is needed. President Biden says $200 billion will be invested in infrastructure overseas over 5 years at meetings of the G-7 in the Alps south of Munich in Germany. Along with its partners and with government and private investments the size of the investment will reach $600 billion over 5 years to 2027. This will include projects such as $2 billion for solar energy in Angola, and a $600 million submarine telecommunications cable connecting France to Singapore.

It is a combination of direct government aid and private investment. President Biden sees Build Back Better World as the overseas version of his Build Back Better America for workers and families in the US for which Congress has authorized $1 trillion in infrastructure and climate change initiatives in the US.