LyrArc Article Gist
This report in WSJ shows tech companies hiring workers from competitors to hoard talent. During the pandemic tech companies went on a hiring spree in the expectation of future needs. As this did not turn out tech companies are now laying off workers.

LyrArc Article Gist
A new security law for Hong Kong is passed at the end of a weeklong session of the National People's Congress. This gives China's agencies powers to police activities in Hong Kong and removes Hong Kong's autonomous status established by a treaty with Britain that arranged the handover in 1997. 2878 lawmakers voted with one dissent. China says it is intended to control separatism, terrorism and foreign interference in Hong Kong. It bypasses Hong Kong governing authorites and the effect is that it removes the "one country, two systems" basis of the handover by the British.  This sets the stage for the U.S. to remove Hong Kong special status in trading relations. The U.S. is joined by Canada, Australia and Britain in expression of "deep concern," and Japan has also said it is "seriously concerned" and "will address the situation in an appropriate manner." Under the U.S. Hong Kong Policy Act of 1992 the U.S. treated Hong Kong as autonomous for trade and economic matters. Mr. Pompeo, the Secretary of State for U.S. says this status will no longer continue. As supply chains are being reassessed during the coronavirus, the end of autonomous status for Hong Kong would mean the beginning of a new period in changing economic relations across Asia and the Pacific. ...

LyrArc Article Gist
Eisinger says ten years from now people will look back and say Dodd-Frank has made our financial system safer. It has received the kind of criticism leveled at Sarbanes-Oxley which was a response to another period of bad practices in accounting and finance.

LyrArc Article Gist
Parenting poses risks for mental health. Loneliness in tackling situations is an added burden. Dealing with tech platforms that act with impunity disregarding parents and pursuing profit are another burden. The solutions to tackle this also are not easy or don't work, says Julie Jargon.

LyrArc Article Gist
The Wash. Post says the former president's speech as it wore on for 90 minutes rambling on without clarity on discussion of issues and policies for the future was a missed opportunity. Nothing was said about bringing down the cost of living when so many actions on multiple fronts are needed. Nothing on climate change or climate change action but leaving it out out of denial it exists during the worst heat waves and floods in a century. It is now Biden's turn to spell out the details of policies for cost of living action step after step of action, says the Post. Post readers say so far the Post titles and phrases it uses are more out of social media and ask ominously is it itself turning into social media as shown by the post of Letters it has received on coverage of Biden and the future 2024-2028 on this Lyrarc page.

LyrArc Article Gist
The US Justice Department and Attorney General Merrick Garland file the second lawsuit against Google seeking the breakup of Google. It is joined by 8 states in this lawsuit including the states of New York and California. The lawsuit seeks the divestiture of Double Click and other acquisitions that helped Google establish its monopoly in online advertising. It covers the ad brokering business that makes up 12% of Google revenues. 

In filing the lawsuit Attorney General Merrick Garland said:

"For 15 years Google has pursued a course of anticompetitive conduct that has allowed it to halt the rise of rival technologies, manipulate auction mechanics, insulate itself from competition, and forced advertisers and publishers to use its tools.

Google has engaged in exclusionary conduct that has severely weakened if not destroyed competition in the ad-tech industry." 

LyrArc Article Gist
Austria, Greece, Denmark, Australia, New Zealand, Czech Republic, Israel, are smaller countries that have formed a group that is meeting every 2 weeks with videoconferences to coordinate strategy for tourism and reopening their economies.

LyrArc Article Gist
Escalating dangers of social media to democracy in the UK and the US through misinformation are covered here in this Guardian report. Prime minister Starmer of the UK calls it out in the current UK riots saying - "Social media is not a law-free zone."

LyrArc Article Gist
Effects of the hurricane in the hard hit rural western part of North Carolina and the controversy surrounding the Republican candidate for governor are likely to affect voting in the state in 2024. The margin is razor thin for Republicans says this report in WSJ, less than 0.8%.

LyrArc Article Gist
Saving for child at 30 years when she is 7 years the situation for young family finances in 2025, with outrageous college tution up 40% in 10 years, and other costs such as child care. Colleges seem to be impervious to increasing college costs so called  "upper tier" college leagues intent on taking advantage of the disproportionate increases in upper class incomes exacerbating class divisions, and trying to perpetuate their brands with the notion that they offer a better education for undergraduates at $50,000 to $100,000 a year at a Northwestern or Brown when state universities in Michigan, California and Arizona among many in the whole Nation at $15,000 a year instate tution offer the same education as long as the student puts in the necessary effort to study hard.

LyrArc Article Gist
A sense of purpose that benefits the common good and others around us, and small actions to achieve this, are a way to true happiness. Self centered attitudes have led to a loss of purpose in life and destructive behaviours in the last two decades.

LyrArc Article Gist
British prime minister Boris Johnson to make planned trip to India this week for talks with prime minister Modi, visit to Gujarat, and efforts to expand trade and defense relations. An earlier trip was postponed due to coronavirus surge.

LyrArc Article Gist
The federal government set up the National Capital Civil Services Authority for administering the national capital of New Delhi, India, similar to the way other capitals in the world Ottawa, Canberra, Berlin and Washington D.C are run. This was done by ordinance and will be followed up with legislation in parliament.

LyrArc Article Gist
The Swiss form of government with a permanent Unity government and one that steers to the moderate and centre is shown here in France 24 report. The recent elections showed immigration an important issue. Yet climate change has not receded as an issue after progress in passing a climate bill.

LyrArc Article Gist
The Thompson Divide in the White RIver National Front is where Colorado's largest Aspen stand is located. These are Aspen trees that have a lateral root system and one of the treasures of Colorado for future generations of children and adults. Efforts are being made to protect it.

LyrArc Article Gist
The plant in Tychy, Poland where Fiat turns out 500,000 small cars a year, one every 55 seconds. Chrysler engineers are now visiting this plant to see what can be done with small car production. The Fiat 500 is turned out here. Its Fiat's best effort in terms of quality. Zdzislaw Arlet, is director of the Tychy (pronounced TICK-ee) plant. He says the right combination of robots to individual workers was critical to achieve efficiencies and to have the flexibility to switch to different Fiat small car models depending on which is selling more. This enables the Tichy plant to operate round the clock six days a week. About three years ago workers were assigned an individual ID that is stamped on the sections of the car that they assemble so any problems at the end of the line can be traced to the source. As a result of these efforts defects have fallen from 20% in 1996 to just 4% now, and the time to have a car roll out of the assembly line has been halved.

LyrArc Article Gist
One more instance of capital misallocation as $75 billion is diverted by Microsoft into gaming with violent videogames taking priority over investments in education and healthcare. Advances in education have been neglected by all the so-called technology companies at a time when online education can use a boost as students are in the third academic year when school attendance is disrupted. Instead taking gaming to the cloud is seen as the next frontier by companies from Sony and Tencent to Microsoft. Microsoft sees this as a consumer facing business when it is mostly in enterprise software, yet education and related lifestyle branches in music, sports, and others are by far the largest businesses directly interacting with users. Apple has done this with music, Disney with sports through ESPN, and education advances at a time of growing demand and use in the pandemic have not been answered.

LyrArc Article Gist
The European central bank increases interest rates by quarter percentage point taking the deposit rate to 3.5%. The US Fed held off on increases. The US Fed started early with its increase in interest rates and maintained a steady posture with 8 interest rate increases over 2022-2023 in a period of just over 12 months. It has strengthened the dollar against the euro. The slow response of the ECB and price gouging in Europe has worsened the inflation picture there. The US Fed's policy combined with consumers resisting price gouging by halting purchases from stores, untangling of supply chains, the Biden administration's series of actions to tackle the cost of living increases, and overall investment in the economy that keeps employment resilient including government investment for the first time, is creating a better economy for America than most of the last two decades. 

LyrArc Article Gist
The singer Pete Seeger about life after 90 - he turned 90 in 2009- and what he has learned over the years, and what he is still learning now. That includes homely stuff like how best to boil corn- he eats right, with less fat, less salt and sugar, which he says has helped him stay healthy. He lives in the house he built in Duchess county, New York. He loves to cut wood and describes the whack in cutting wood as something that started with man from the earliest times.

LyrArc Article Gist
In return for South Korea not developing its own nuclear weapons the US will give South Korea a central role for strategic planning in the use of nuclear weapons in any conflict with North Korea. This was an agreement reached during the visit of Yoon Yeol of South Korea to the US in meetings with president Biden.

LyrArc Article Gist
The covid test requirement applies for entry to the US from China and South Korea. It also includes airports in Canada at Vancouver and Toronto. Japan and India have their own covid test requirements for travelers from China following the surge in cases in China in December 2022 after all covid restrictions are removed.

LyrArc Article Gist
The country that pioneered coal power stations will be down to its last coal power station in Nottinghamshire with the closing down of a power station by EDF in 2022. By 2024 with the government deadline for no more usage of coal Britain will have taken a major step in the fight against climate change.

LyrArc Article Gist
Movies and exceptional acting performances in 2013 include Cate Blanchett in Blue Jasmine by Sony Pictures Classics, "Her" with Joaquin Phoenix, Amy Adams and Scarlett Johansson, Amy Adams in "American Hustle," James Gandolfini and Julia Louis-Dreyfus in "Enough Said," Matthew McConaughey in "Dallas Buyer's Club," Bruce Dern in "Nebraska," Idris Elba in "Mandela: Long Walk to Freedom."