LyrArc Article Gist
Could S. Jaishankar borker a peace in the Ukraine Russia war. Mr. Macron thinks India's Jaishankar and Modi could help set up a peace agreement. Germany's chancellor Scholz visited Beijing and called for an end to the war with president Xi of China. Jaishankar India's most experienced diplomat with long periods as a diplomat in China, is expected to visit Russia for setting up the groundwork for a peace settlement even though its outlines are not evident at this time.

LyrArc Article Gist
Shinzo Abe's 2017 trip to Mohandas Gandhi's Sabarmati Ashram in Ahmedabad, India, struck a chord in India. He was awarded the Padma Vibushan India's highest civilian honor. Abe said about relations with India as he opened the bullet train projects financed by Japan - "JAI India, JAI Japan" with the first two letters of Japan and the first of India making JAI. Both Abe and Modi had the foresight to build closer relations between Japan and India starting two decades earlier.

LyrArc Article Gist
Biden says about passing the bills for his $3.5 trillion agenda including infrastructure spending, and a plan for American families and workers- "It does not matter when, it does not matter if it's done in 6 minutes, 6 days or 6 weeks. We're going to get it done."

Earlier moderates looked to get infrastructure done earlier and progressives wanted the entire package to be done together. Biden opted for doing it all together, it wouldn't matter when.

LyrArc Article Gist
Biden's 2024 Budget shows the contrast with the Republican candidate's policies. It is largely based on adding to investment in the economy, and in the nation's workers and families, and yet reducing the $34 trillion deficit by making corporations pay their fair share of taxes. And not increasing taxes one penny on anyone making less than $400,000 a year. It also includes investment to increase the Medicare hospital insurance trust fund to strengthen Medicare and Social Security for future generations.

LyrArc Article Gist
The price of gas powered cars and EV's is closing, to about $5000 according to Cox Automotive. Tesla is cutting prices because of new competition from Japanese, Korean and German models in the US market. China's BYD is also in the global market with new battery technology that cuts cost. Batteries make up 40% of EV car cost. The cost of making EV's will drop to becoming the same as gas powered models by 2027 as companies get more experience in the new technologies, says Gartner.

LyrArc Article Gist
The US Labor Department will now require not just 401(k) administrators but also advisers for retirement plans called IRA's to follow the higher fiduciary standards of the 1974 ERISA law that aims to protect American retirees. When workers leave a company or retire they rollover their money into IRA's. This retiree money will now be protected with a high fiduciary standard as it should have been all along. In 2020 alone the IRS estimate is that $620 billion was rolled over to to such IRA's.

LyrArc Article Gist
On Gandhi Jayanti a look at American president FDR's contribution for Hind Swaraj. It could be said that Cordell Hull's speech (full text here) on July 23, 1942 on Roosevelt's clear direction was a form of declaration of independence for India by the US in 1943. This is also why there was nothing different Clement Attlee could do after winning the British election in 1945 except send Mountbatten to India to prepare for a Free India. 

LyrArc Article Gist
Macron says all of Algeria's problems are blamed on France and Algeria's rulers are in a tough system. He says Turkey's ability to wipe away the period before 1830 when Algeria was under the Ottoman Empire does not impress him. His point is that France was not the only colonizer when it took over Algeria in 1830. Macron also says French rule created the Algerian nation as an entity, that Algeria we know today did not exist before the French.

LyrArc Article Gist
The BBC's 100th anniversary is in 2022. It started life as a private broadcasting company in November 1922 after radio receiver manufacturers including the inventor Marconi set it up so that the new radio receivers could be distributed to the public. The radio receivers were of no use without content put out by a broadcaster. Over time the BBC played a major role in the British Empire during the 1930's and 1940's and in the British Commonwealth. It assume its modern form after the Second World War.

LyrArc Article Gist
The Colombian women's soccer team's win 2-1 over Germany in World Cup 2023 shows how much has changed in women's soccer worldwide. WIth only about 30% of the possession the Colombian team dominated the game. The winning goal came in the 89th minute of the game from a stunning header by Manela Vanegas. Colombia led for most of the game. Linda Calcedo scored first for Colombia. The last time Germany lost a game in global games was in 1995 against Sweden. 

LyrArc Article Gist
Israel's vaccination drive shows the effectiveness of vaccination in controlling the pandemic. It also shows the vaccination using Pfizer vaccines achieving the trial results of 94% effectiveness in actual results with the Israeli population. Israeli experts in Tel Aviv and other places say vaccination is the best way to control the pandemic and encourage countries to move quickly with vaccination drives.

LyrArc Article Gist
No country has an elected parliament this big. Germany's Bundestag has 709 members of parliament. And this could swell to 900 says DW.com after September 26 elections. A look at the German parliament that reflects Germany's recent history.

LyrArc Article Gist
In a special and graceful  way American Danielle Collins wins the Miami Open women's tennis tournament coming from No. 52 ranking to beat top seeded Kazakhstan's Ryabkina 7-5, 6-3, looking unstoppable all the way. 

LyrArc Article Gist
The implications of China's support for Russia on Ukraine for Eastern European countries and for NATO. As the war drags on Eastern European countries say China's support of Russia in trade and commercial relations prolongs the war in Ukraine.

LyrArc Article Gist
Netherlands government takes back control of Dutch chipmaker Nexperia from China's Wingtech  using a court order in October 2025.

LyrArc Article Gist
Winnie Hu of NYT on the BQE Brooklyn Queens Expressway that for half mile has cantilevered 3 level structure that will fall apart by 2029. How to fix it concerns city planners in New York. Some planners want to put a park in its place and build a tunnel for the heaviest traffic. There is interest in being transformative and doing something big. The other actions already taken are  are to keep reinforcing it, cut traffic to 2 lanes, not to salt it in winter. Now planners say 2029 is when it will fall apart and time is running out for this as well as other infrastructure in New York such as Penn Station with Madison Square Garden built over it. And yet one finds no reflection on the sad state of New York and other city infrastructure in the US, when capital is being invested with plans to spend to the tune of 1.5 to 3 trillion dollars by 2030 on AI data centers and other sites. This will simply result in crowding out investment in infrastructure, so that the US will trade places with China and even India as a Third World country. And yet wealthy New Yorkers who use the nation's and the city's subways present an attitude of indifference to the decrepit condition of the Nation's and their own city's infrastructure. ...

LyrArc Article Gist
AP News describes Biden's long association with Irish poets W.B. Yeats and Seamus Haney. In an earlier presidential run in 2008 he said- "I believe with every fibre of my being that we have a chance to make hope and history rhyme." In the 2020 campaign this happened and Biden believes today that this is reflected in the hearts and sentiments of the vast majority of the American people. 

Haney's poem uses these words in a translation of the Greek playwright Sophocles. From Haney's The Cure at Troy:

"History says don't hope On this side of the Grave

But then the longed for tidal wave of justice can rise up. And hope and history rhyme." 

LyrArc Article Gist
Electric vehicles (EV's) get a tax credit under the Biden Climate Bill also called the Inflation Reduction Act of 2022. To qualify for the tax credit of upto $7500 buyers of EV's have to meet income and other requirements. Only cars with final assembly in the US qualify for the tax credit which should help boost American EV manufacturing capabilities and technology. This removes the problem of automobile job losses for factories shipped overseas.  EV's must not be priced above $25,000 for 2 year used cars, and $55,000 for new cars. SUV's can go upto $80,000. Income limits (as AGI) are $300,000 for joint filers, 150,000 for single filers for new cars. For old cars it is $150,000 for joint filers and $75,000 for single filers.

LyrArc Article Gist
India's wheat output in 2023 looks to supplement output in Argentina, Canada, Russia and other countries to makeup for a shortfall in Ukraine's production. This will lead to lower prices and ease food shortages in other parts of the world.

LyrArc Article Gist
Chinese president Xi tells Canada's prime minister Trudeau that details of their talks should not have been leaked to the press. Trudeau replies that Canada believes in free and open dialogue. The discussions involved Canada's concerns about Chinese espionage.  

LyrArc Article Gist
Germany's exports dropped by 2.8% and imports by 0.1% in October over prior month. Trade surplus dropped to 16.8 billion euros from 13.4 billion euros. Germany's largest export market is the US. It now faces tariffs from the new DJT administration.

LyrArc Article Gist
Lloyd's of London is the world's largest insurance market with 35 million pounds in gross written premiums. Payouts for coronavirus are expected to be 6.2 billion pounds, with 3.2 billion pounds reinsured to reduce the losses. Lloyd's shows a loss of 900 million pounds for 2020. Without the crisis Lloyd's would have reported 800 million pounds of profit for 2020.  

LyrArc Article Gist
Manjoo provides an informative account of why WhatsApp became popular. The site started out in 2009 as a mobile status updating app. The site's founders realized after its introduction that users were using it for sending texts without incurring SMS fees. After the initial cost of a data plan and a smart phone the band width used by thousands of messages is so small it costs pennies compared to a AT&T non-plan rate of 20 cents a minute. It is this pricing gap that opened up opportunities for WhatsApp as a messaging app that is practically free, 99 cents to sign up and 99 cents for the second year on. The founders were savvy to know that ads annoyed users and kept it ad free. And they made it fast and efficient to use which accounts for estimated 450 million users worldwide in 4-5 years since 2009.

LyrArc Article Gist
As India takes on the presidency of the G20 in December the first steps are being taken by the German Foreign Minister Annalena Baerbock to build closer ties with India. The Hindu gives this intervew with Baerbock that shows Germany's keen interest in building the India Germany partnership. This sets the stage for the bi-annual India Germany summit meeting, with German chancellor Scholz to visit India in early 2023. Some of Baerbock's comments show energy and enthusiasm for India to work closely with Europe. "Our countries have so much to offer one another. We want to tap that enormous potential. One such example is the concrete agreement we will sign during my visit, making it a lot easier for both Indians and Germans to study, research and work in our respective countries." "Today's era is not the era of war, that was Mr Modi's message to Putin- that was the resounding message and I highly appreciate India's seminal role in achieving this." ...

LyrArc Article Gist
Rohan Premkumar in The Hindu provides this report of Chinese prisoners from the Opium wars of the 1850's sent to this "ancient sub-jail"in the Nilgiris hills Tamilnadu by the British.  These POW camps provided cheap indentured labor to establish tea plantations in the Nilgiri hills. It helped to bring in revenue for the Empire through tea cultivation. About $1 million was spent to renovate this building so that future generations know what happened here since the arrival of the British by 1800. By contrast Yuen Yuen Ang at John Hopkins University from Singapore is interviewed for the NYT by Ezra Klein on China's Xi Jinping and the autocracy with democracy characteristics that prevailed under Deng, without an awareness of this period. For Zhongxun and Qi Xin, Jinping's parents this period of the Opium Wars, Taiping Rebellion, Boxer Uprising from 1850's and British, European invasion, must have been very real in the 1930's. And added to this the Japanese invasion of China. This has deeply influenced Xi Jinping.  ...