LyrArc Article Gist
Roger Mosey who worked as Director of BBC News, left BBC News in 2013 and is now the master of Selwyn College, Cambridge. Here he describes the problems the BBC faces and tasks facing it under its new director general, Tim Davie. Mosey sees the need to move power out of London. He is critical of the way the BBC has tended to narrow in its views and its failure to reflect the sentiment in the whole country for Brexit, attitudes towards the European Union, and also in its failure to reflect the sentiment in favor of Boris Johnson's "Get Brexit Done" stance. In recent coverage Mosey says the BBC has not covered both sides of the story in the taking down of statues of Robert Clive to try to educate readers of who he was what happened and why there are different views on this in Britain, opting instead for following what is popular at the moment. He sees BBC as patronizing ordinary Britons who have views that may not coincide with that of people in London who have views on the hard right or hard left. In his view the best way to lose the rationale for BBC license fee is not to educate people on both sides of the story every time. ...

LyrArc Article Gist
Boris Johnson looks ahead to a vision of Britain ten years from now as it did in the depths of the second world war, as Britain faces a second wave of the pandemic with doubling of cases to 14,000 new infections daily in 11 days. His speech was made to the Conservative Party conference.

LyrArc Article Gist
India and Vietnam are key countries for reinvention of the supply chain to cover home production in the US with supplies from friendly nations. After the G20 meetings in New Delhi president Biden will go to Hanoi, Vietnam. Vietnam also maintains trade relationship with China as it depends on China for its manufacturing exports. China and Vietnam are both socialist nations, yet after a border war in 1979 Vietnam is building a stronger relationship with the US. It also has a trade relationship with Japan and Vietnamese workers help meet worker shortages in Japan.

LyrArc Article Gist
This WSJ Investigation into workculture and poor treatment of women and minorities shows behaviour has not changed over the years. Some of the internal investigations go back to the time when Sheila Bair was head of the FDIC in 2009. The FDIC plays an important role in regulation of the banking system. It is not attracting younger employees with the workculture. That this has been ignored for so long is over decades is beyond comprehension, that such behaviour could exist as reported in the WSJ is astonishing. 

LyrArc Article Gist
Rodrigo - what he does is "indefinable" being in the right places at the right time- winner of best player in World Cup Soccer 2026. He is tall but not imposing. He is not the super athlete. In a World Cup that is dominated by television advertising pushing celebrities every minute, and tickets that few can afford, Rodrigo is the ultimate irony says this report in The Guardian by Jonathan Wilson. Not Haaland, not Mbappe, not Messi, the star celebrities and goal scorers, but Rodrigo or Rodri who is a cerebral player in the Spanish tradition of Busquets. Wilson rightly cites Mauricio Pochettino, the US coach, when he says that the US cannot produce a Rodrigo because of the way it manages soccer expecting parents to pay thousands of dollar for their child to join a club, which leaves out large parts of the US people. And what they get in return is physical prowess. What matters in soccer is tactical awareness and technical ability which are difficult to measure and intuitive. There is another aspect to Rodrigo he struggled for the last 2 seasons after an injury, recovering in time for the World Cup. The results are plain to see. Messi says this report could not play his style of game because of Rodrigo and players like Rodrigo in the Spanish team. ...

LyrArc Article Gist
"Our public and democracy needs constructive questioning,” speaking in Irish and English says Catherine Connolly of Ireland after winning by 63% presidential election in Ireland. “Together, we can shape a new republic that values everybody, that values and champions diversity and that takes confidence in our own identity.”

LyrArc Article Gist
The 3000 delegates at the annual China party Congress and premier Li Keqiang showed support for President Jinping as the Congress makes changes to the constitution. The constitution was amended to include a reference to Mr. Xi's political theory, that the Communist Party would lead the country as it implements socialism with Chinese characteristics, creating a new anti-corruption commission that has party oversight of all public servants. As Mr. Jinping, 64 years,  begins his second five year term, to ensure continuity and stability the clause in the constitution that limits a president to 2 five year terms was removed. Wang Chen is the Congress vice chairman and he led the anti-corruption campaign in China that firmed up popular support for Jinping in China. Wang Chen explained that the term limit changes were designed to bring presidential tenures more in line with Mr. Xi's other positions as Party chief and military commission chairman, positions with more power and no formal term limits.  The process is part of government restructuring that puts the Communist Party more in charge of decision-making.   There was some instability under the administration before Jinping and growing corruption had undermined confidence in the Party, just as China's economy was slowing, with a bubble in real estate, high debt to GDP and need to pursue a soft landing for the economy. The present effort say some delegates including the president of Haier Appliance, is an effort that stable economic policies can be pursued to ensure China's future as its society ages, and the need to complete modernization in parts of the country that have not seen the gains seen in the coastal regions. And that corruption does not undermine the party's credibility to lead this change. The huge economic problems China faces, bigger now from a public interest perspective of pensions, social security in the Chinese context for an aging society, bringing the rapid development of the coastal regions to the interior of the country, housing, the high debt to GDP ratio, and need to ensure good economic growth to provide a stable economic foundation, may have led to a sense that a stable political foundation was needed to ensure this takes place. Political stability was affected during the previous Hu Jintao administration with the Bo Xilai episode when the party unity was affected as "some  party cadres and leaders were giddy and feverish on the waves of the market economy" as Jinping put it at Central Party School in 2013. Mr. Jinping grew up amid such tensions as his father a senior party leader went out of favor first with Mao and then with Deng after the Tiananmen protests. This instability in the country that affected economic progress is part of the experience of older Chinese leaders and affected their perception of events from memories of this period. Some of the media coverage on this topic can be misleading, as it is important not to forget that China suffered for 2 centuries in the nineteenth and the twentieth century -with British invasion in the nineteenth century and Japanese invasion in the twenty first century followed by the chaos of the Cultural Revolution before finally finding a way out of poverty and backwardness in the final decade of the twentieth century and the first two decades of the twenty first century.  ...

LyrArc Article Gist
After a string of deals signed by Italian president Draghi with Algeria, Italy is well on the way to reducing its dependence on Russian gas supplies. Algeria will be Italy's largest supplier of gas in 2022.

LyrArc Article Gist
China's total public debt was 95% of GDP in 2022, Japan's was 62% in 1991. It's population aging faster than Japan's with population declining in 2022, Japan's declining in 2008 twenty years after its bubble burst. China's per capita income at $12,850 in 2022, compared to Japan's at $29,000 in 1991. China is facing more difficult headwinds than Japan in many ways. There is also higher tension in trade relations with US and EU limiting export growth. There is also the policy stance of the Communist Party that sees rural areas left behind with about 35% people in rural areas and Xi is slowing growth to reduce disparities and housing construction led speculative growth. In Japan urbanization was 77% in 1991, compared to 65% in China today. 

LyrArc Article Gist
How Ukraine refugees in Paris and other places struggle with the war so far and yet so near in their mindsets with family members and relatives at home.

LyrArc Article Gist
Google increased the bid for Motorola Mobility by 33% on a single day in August 2011- adding $3 billion to the cost.

LyrArc Article Gist
The Bank of England under Governor Carney cut interest rates 0.25% from a low of 0.5%, and suggested further cuts were on the way. This follows Brexit and action by the central bank to avoid a recession. The British pound fell about 1.6% to $1.3112 against the dollar, and euro 1.770 against the euro. Government borrowing costs declined, and the 10 year bonds yield dropped to 0.639%. Economic growth in Britian for the second half 2016 will be little or none. The GDP growth forecast for 2017 is now 0.8%, down from 2.3% before the Brexit vote. Bank of England staff say their calculations show Brexit vote has "conservatively" reduced growth by 2.5 percentage points over 3 years even after the rate cuts and stimulus action of the Bank of England, which other estimates show could add 0.5% over 2 years. This brings the Brexit impact to about 3% loss in GDP over 3 years, with these reliable estimates. Months after the Brexit vote the question remains whether Brexit supporters misled British voters, leaving the Bank of England to come up with a way to prevent a recession. After the austerity cuts since 2009 and the prospect of some improvement in the economy, this is a step backwards at a time when some of the working and middle class find themselves left behind. ...

LyrArc Article Gist
This report in WSJ says China's government faces severely strained government finances. Local government entities sale of land financed 40% of local government revenues in China, and most of these have dried up with the very real loss of confidence in property sector. Government now faces $900 billion in shortfall in revenues says this report. There may be psychological hurdles in China's growth with the effects on mental health from lockdowns in major cities, the revolt in the property sector with home buyers losing confidence in developers, the loss of confidence of foreign investors from US and EU. The dependence on the property sector to carry so large a burden of growth for the last 2 decades in China may now look like an error. The dependence on foreign investment may also be an error as the loss of confidence could mean some withdrawal and a lack of sustained investment.  It could even be said that restraints on both sectors property and foreign investors could have created alternative paths to growth, and reduced the shift of factories from the US and Europe to China that have now caused trade friction and and a reverse shift of investment back to home countries of US and EU. Trade friction has it appears backfired in a way that extends to the overall relationship which could have been prevented by preventing the hyper growth that happened. Greg Ip of the WSJ has argued that compared to Japan's growth in the sixties and seventies from a country of 100 million the hyper growth for a country of 1 billion for 2 decades created a massive impact on communities in US and EU that were dependent on factories that were lost to China. This has alienated large sectors of the public in the US and EU which could have been prevented by restraints on hyper growth in China. Ip says the growth was too large and too fast for the US to cope. It may have permanently damaged the relations between the two countries showing that trade and globalization had unintended effects when left to business which has no comprehension of how the macro developments can affect the relations between the peoples if the other effects in the relationship such as community impacts are ignored which business says is not its role,  and governments staying away from keeping an eye on how it was happening and adjusting for ill effects with restraint and redirection of business policies. ...

LyrArc Article Gist
President Prabovo says he is a great admirer of Modi. He says he has studied Modi for a long time and as there is no copyright for this he is copying Modi's development plans in India for Indonesia in many fields. Modi said about his visit- “Every aspect of my visit and program has been very well planned. The attention to detail given by President Prabowo to every element of my agenda, as well as the outstanding implementation, truly left me in awe and at a loss for words.” The ancient Prambanan Temple Compound is being completely renovated by president Prabowo. Modi is shown here on a vist to that historic site where the two cultures of India and Indonesia meet since ancient times. Modi said that he appreciated the fact that Sanae Takiachi, who he described as his younger sister, was from Nara, during Takaichi's visit to India. Nara is the city with ancient Buddhist temples of Japan, with India and Japan having a shared Buddhist history, India being the motherland of Buddhism. During these visits of the last month Modi has connected the ancient cultures of the largest nations in Asia- India, Indonesia and Japan- which will guide Asia in the years and decades ahead, and hopefully bring China also into the fold of nations with a common Vedic and Buddhist heritage since the time of the Buddha.   ...

LyrArc Article Gist
This report in NHK says contrary to existing ideas American Commodore Perry's ships did not open Japan after pressure to open Japanese ports to the west starting with Nagasaki. It was western medicine and its help in tackling frequent epidemics including smallpox and cholera, that convinced the Japanese of the need to open up their country and learn from the west about science and modern medicine. 

LyrArc Article Gist
India's first commercial flight by JRD took place in 1932. On October 15, 1932 JRD Tata flew India's first commercial flight that carried mail on a single engine De Havilland Puss Moth aircraft from Karachi to Bombay. Aarohi Pandit re-enacts this flight for the Tata Group in this video in the Hindustan Times. JRD  did this first flight when he was 28 years old. He made the same flight a third time when he was 78 years.

LyrArc Article Gist
World leaders at COP26 in Glasgow 2021 agree to pledge that they will end deforestation by 2030. This includes countries with large forest areas such as Russia, Brazil and Indonesia, and countries in Africa. Forests act like a carbon sink absorbing carbon dioxide from the atmosphere. About one third of global emissions are absorbed in this way.