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

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WSJ Original article ›
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Attorney General nominee William Barr sayshe will not interfere with the Mueller Russia investigation, calling it "vitally important" that this investigation be completed. This happens as there is increased scrutiny of President Trump's interactions with Russia. This follows a report that the Federal Bureau of Investigation had opened a counter intelligence probe into Mr. Trump in 2017, as questions were raised about the abruptness of the firing of FBI Director Comey.  Mr. Barr defended a memo he had written critical of Mr. Mueller for his theory of obstruction of justice by Mr. Trump. He said he considers that a minor aspect of Special Counsel Mueller's probe. Barr says the memo did not question the special counsel's core investigation into Russian interference in the 2016 election. Mr. Barr was Attorney General under George H.W. Bush and would follow his earlier prioritizing of crime fighting and immigration policies. He needs some support from Democrats to be nominated, and to win this support he reiterated that "where judgements are to be made by me, I will make those judgements solely on the law."  ...
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As the British parliament prepares to vote on Brexit deal put forward by prime minister Theresa May, Joanna Sugden summarizes what is expected as the next step if parliament rejects it.  Why are a faction Conservative members opposed to it? There is the Irish backstop which they oppose. Keeping open the border between the two Irelands- Northern Ireland as part of Britain and Ireland as a EU country is important to preserve peace achieved through the Good Friday Agreement between the Catholic and Protestant communities.May wants to keep the border open. Far right Conservatives see this as keeping Britain connected to the EU in some way which they oppose. They stubbornly hold onto this view. Add to this the opposition from the Remain campaign which sees leaving the EU as bad for Britain's economic future. Some Leave supporters now see the dangers of Brexit, especially leaving with no deal made with the EU. Most of the Labour Party members fall into this group. What happens if parliament rejects May's deal by a small margin? The deal would be renegotiated with the EU to tweak it for more support. What happens if parliament rejects it with a huge margin? This would result in several options. May could call a general election. Britain could have a second referendum on Brexit. Or in a chaotic situation Britain could leave the European Union without a deal altogether, something everyone wants to avoid because of the disruptions it would cause. May is using this risk as  a way to persuade reluctant MP's but it may not work.     ...
New York Times Original article ›
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As the Brexit deal goes to a vote in Britain's parliament in January 2019, most experts expect an historic defeat. This report says the best prime minister Theresa May can do is to limit the size of the defeat in parliament, so that there is no political meltdown. Mr. May is trying to persuafe members of parliament to vote for her plan to avoid a disorderly exit from the EUropean Union on March 29, the last date for negotiations unless the date is extended. She is trying to show there is more support for her plan than no-deal Brexit, and for a second referendum. Yet members of parliament are moving to be decisive in voting against no-deal Brexit, seen as harmful to the British economy. The EUropean Union leaders meanwhile say a strong vote defeating May's plan would mean no more meaningful negotiations. A vote of more than 100 votes defeating the plan would be the first such vote since 1924. Labor MP's are gearing up for the vote, as are Tory members who dislike the "backstop" that is part of May's plan for Brexit- which would continue a free border as before between the two parts of Ireland. One Labor MP says she plans to delay her cesarean section for a baby by 2 days against medical advice just so she can personally vote in parliament. ...
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New York Times Original article ›
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PG&E, the giant California electricity company says it will file for bankruptcy as it faces $30 billion in liabilities arising from wildfires in California, more than all its assets. This will be a distraction for the new Governor of California, Mr. Newsom, who brings a new agenda to tackle problems in the state to increase opportunity and provide better health care.

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WSJ Original article ›
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After the Apple sales warning following the slowing down of the Chinese economy, this report asks who will be next- Starbucks, Nike? Starbucks has 3600 stores in China. Nike sales in China were on the upswing till the sales slowdown in China. Experts say more sales warnings are expected as Chinese consumers cut back sharply. Chinese consumers are gloomy about prospects for the future considering the trade tensions with the U.S. and the effects on the Chinese economy of tariffs.

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Chinese companies are building railways, power projects, airports and other infrastructure in East Africa. This report looks at work in Uganda building infrastructure projects and exploring for oil near Lake Albert. Chinese state owned banks provide access to financing for projects and other infrastructure companies build projects using about 60% of labour from China, on low interest rates but with payment over shorter periods than with World Bank projects. The U.S. lags far behind in investing in African infrastructure which badly needs modernization. 

The drawback of debt load is being balanced by exploring for oil in Uganda and keeping the debt load manageable. CNOOC is exploring for oil near Lake Albert. Uganda received $1.4 billion from 200 to 2014, in 2015 another $1.9 billion for 2 dams, and now $2.2 billion loan for new railways.

WSJ Original article ›
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Of the 12 regions in the UK the highest vote for Brexit Leave was from the West Midlands region with 59% of the vote for Leave.  This report shows the sentiment in this manufacturing hub is still strong for Leave even though people here are most likely to be hurt by the downturn in the economy. Studies by University of Sussex show a loss of 30,000 jobs or 1.2% of those employed even with asoft Brexit because of supply chains linked to Europe. An outsize hit of 4% is expected with a sudden Brexit. Aircraft workers in Flyde, auto workers in Stratford, workers in the northeast and other regions would also be affected. Risks spook people in Tamworth  where auto plants are located.

Feelings against immigration, for helping the poor and vulnerable, or accomodating British citizens first, were reflected in opinion in the West Midlands.

WSJ Original article ›
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This report looks at the high tech devices that help monitor seniors at elder care facilities and at home in Japan. Japan has a rapidly growing seniors population with three million expected to be over 90 by 2025, and over 65's expected to be one third of the population by then. The government's goal is to keep seniors in their home for as long as possible, and use information technology to support caregivers. Of 92 Japanese startups looking for valuations over $1 billion 25 are focused on health care, with backing not much from VC's (only $32 million in 3rd quarter 2018) but from large companies looking for growth businesses. Patient monitoring devices are getting funding from companies such as Sharp Corp, Canon and others. Devices check details including whether people are at risk of falling out of bed or taking too long to get back from the toilet. Healthcare for elderly in Japan will reach about $300 billion by 2025 and new advances are expected in monitoring seniors- including for such devices as DFree that help patients  know about how to monitor bladders, also used by caregivers to know when to take someone to the bathroom.  ...
New York Times Original article ›
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Two men, Tommy D'Alessandro, U.S. Congressman from Maryland and Mayor of Baltimore, from Italian stock, and Fred Trump a builder in Brooklyn and Queens  from German stock, bring different visions of the future. One looking out for immigrant families mostly from Europe at the time, and the other a builder who benefitted from government money used for housing under president Roosevelt's New Deal. Today their struggles are seen in the next generation, with Alessandro's daughter Nancy Pelosi as Speaker of the House, and Fred Trump's son Donald Trump in the White House. Maureen Dowd writes in her inimitable style about the U.S. president views being shaped by his wealthy upbringing, and Pelosi's views shaped living with Italian families and immigrants in the post wartime years after 1945, with the trauma suffered in the war.

New York Times Original article ›
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Landler and Barry say in this report in the NYT that the situation of government paralysis in the U.S. parallels the one in the UK with no-deal Brexit around the corner. President Trump wants a border wall (steel or other kind) on the border with Mexico as a campaign pledge. In the UK Conservative party faction supporting Leave from the European Union, including supporters of Boris Johnson, seek Leave at all cost. Johnson called the shortage of Mars bars a small inconvenience, as the Theresa May government prepares to push its own Brexit deal through Britain's parliament. In a separate report the NYT tries to show that over 80% of the drugs come in through entry ports and the border crossings are largely families or unaccompanied children. For the first time -since the 1950's and the segregation struggles in the U.S. -populists battle the elites in the large cities, say Barry and Landler. The rural urban divide, is seen in both sides of the Atlantic, in Europe and the U.S. ...
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David Gelles of the NYT column Corner Office, talks to the head of Accenture, Julie Sweet, about creating an inclusive workplace and levelling the playing field for women. In this interview Julie Sweet talks openly about her upbringing in the small Orange County, California town of Tustin. Her mother graduated from college when Julie was in her freshman year. After several jobs to help her family she went to law school and joined a New York law firm. She tells Gelles about her experience at this law firm Cravath where there were very few women partners and about breaking down sobbing at a unconscious-bias training session at the firm when asked about her own experience as a woman. After being elected partner she set up the first woman's program leading up to bringing more women upto the point where today women are 25% of the partners. Accidently she takes a call from a recruiter 17 years later about a position as general counsel at Accenture. She accepts the offer and five years later she is made the CEO North America of this consulting company with 469,000 employees. Asked about what tactics are effective in creating a level playing field for women Julie Sweet says it comes from making it a business priority. Making diversity and women a priority with measurable goals. Set goals, have accountable leaders and measure progress, says Sweet. Accenture did a study and found stats that were shocking. 40% of companies have no plan for advancing leadership, and less than 40% look at attrition between men and women. A big disappointment but also a large opportunity here to get results by putting in place some basic things. In 2015 She set Accenture goals for 40% women, and sees 2020 goal at gender parity 50-50%. For a firm with hundreds of thousands of consultants worldwide what are the qualities she sees as important in hiring? Sweet says lots of different interests and curiosity for learning. Next comes being able to do straight talk with clients, to deliver tough messages as companies are constantly telling her they want to hear what they need to hear not what they want to hear. ...
New York Times Original article ›
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David Gelles interviews heads of companies in his column for the New York Times called Corner Office. Here he talks about CEO's frquently bringing up the topic of meditation in his interviews. Gelles practices meditation and mindfulness since his college years when he spent junior year in India at Buddhist monasteries and retreats as part of the Antioch Buddhist Studies Program. He is also the author of columns in the NYT on meditation and mindfulness.  The head of Salesforce, Marc Benioff, tells Gelles that meditation practice helps him step back and listen deeply with a beginners mind aware of the present moment. Benioff has set up meditation rooms in Salesforce Tower in San Francisco, and invites Buddhist monks to his house.  After a skiing accident in 2004 Marc Bertolini, head of insurance company Aetna recovered using meditation practice. He setup mindfulness classes at Aetna and says this has changed the corporate culture for the better with efforts for improvement and people coming up to him with new ideas.  Designer Eileen Fisher practices meditation and this has helped her in business as she set goals to improve factory conditions for clothing workers in China. The head of Hyatt Hotels says mindfulness is helpful in bringing empathy in relations through the practice of being in the present. He made mindfulness the key part of the company's Wellness programs. Google, Ford and McKinsey now offer meditation programs in the office. Similar trends are taking place in Europe. When asked about a company's responsibility to society, Benioff of Salesforce says his company is part of the whole that includes society, that we are all connected and part of the one.     ...
BBC News Original article ›
BBC News Original article ›
New York Times Original article ›
WSJ Original article ›
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The unique methods used by Japan to tackle labor shortages as a result of declining population. Since 2012 working age population declined by 4.7 million, yet people working increased by 4.4 million. The pools used are elderly, women and foreigners, mostly neglected by other countries. This offers important lessons for other countries facing similar problems.

New York Times Original article ›
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This report in the NYT shows how venture capital does not work for women, immigrants, latinos and blacks because there is less room for errors and failure for women and minorities. Venture capital, the $100 billion going into it in 2019 for even the fringe benefits of tech nowadays, pushes aggressively for results and returns which may not be right for companies seeking gradual growth and moderate returns without the stress and increased chance of failure in an hypercompetitive VC environment. Apart from the big names and some others there are many companies that fail in this kind of hypercompetitive environment, says this report. A bigger problem is the neglect of societal values and ethical considerations in this environment such as the disinformation in social media as one example. Ethical concerns, and greater gender and racial diversity is also a goal as most of the VC industry operates under rigid rules allowing little flexibility and seeing any variation condescendingly, says this report. ...
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WSJ Original article ›
WSJ Original article ›
WSJ Original article ›
LyrArc Article Gist
Japan has accomplished a remarkable transformation of its workforce and its economy even as the working age population is declining. For years Japan was seen as a stagnant economy with a rapidly aging population. In recent years Japan has shown how a change in policy can work. Since 2012 working age population declined by 4.7 million, yet the number of people working increased by 4.4 million. The proportion of the population in the workforce rose sharply since 2012. To do this Japan turned to three underutilized parts of its workforce and population- the elderly, women and new immigrants. Japan has pursued an active policy of reviving the economy by bringing women into the workforce and breaking taboos on new immigrants. In 2004 Japan raised retirement age from 60 to 65, and then made it mandatory for companies to raise or abolish the retirement age, or introduce a system for re-employing workers who retire. This has changed Japan a lot with Japanese men working well into their 60's and 70's. In the west coast city of Kanagawa which now has a bullet train to Tokyo, out migration was a big problem that added to a declining workforce. The head of Ohara, a family owned company that makes desserts tried a novel method of advertising to seniors in apartment blocks and starting attracting seniors to fill worker shortages. It found that seniors came to work on time, performed even tedious tasks, and brought a great deal of experience. Since then the regional government has started programs to get more retirees and women into the workforce. The special programs teach small companies to adapt to the needs of retiree workers who can work in shorter shifts of few hours and do less physical jobs. Women need predictable hours to pickup children from school and shorter work weeks, for which the regional government program helps companies adapt by sending in specialists to guide the companies. As a result female participation in the workforce, for very long a big handicap is no longer so. Female participation has jumped to 63%, higher even than that in the OECD where the average is 62 years.  Japanese women had a M curve that meant they worked most in their 20's. less in the 30's with children, and more in the 50's. First the government tried to correct this with extended parental leave, increased childcare, and rewarding companies with good work-life balance. Then in 2009 the effort accelerated with employers required to offer 6 hour days if a worker asked for this. Under prime minister Abe's "womenomics" effort child care was significantly expanded- by 2015 Tokyo went from 28 to 38 spots open for every 100 two year olds. Alongside these efforts the Abe government tried to get companies to rethink their assumptions about quantity of work and overtime as productive effort. One could work shorter hours and be productive, and the old notions were seen as resulting in lower productivity. As fathers with parental leave took on more responsibility the changes transformed the attitudes for women at work. Most remarkable is the quiet change in immigration policy. The government allowed foreign construction workers to address shortages for work on the 2020 Olympics. It introduced a 3-5 year visas program for nursing care workers. Two new categories of visas will add 340,000 additional blue collar workers over next 5 years. The total foreign born workers in Japan doubled from 2012 to 2017 to 1.3 million. ...
WSJ Original article ›
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The Medicare for All movement in the U.S. gathers momentum after the U.S. midterm elections with states. Governor Newsom of California says he will seek federal authority to setup a state single payer plan for health insurance. An expert at Georgetown University says there is a new burst of energy for broader coverage or universal health coverage. States with new governors or seeing this momentum are California, Washington, New Mexico, Maine, Nevada, Delaware, Oregon, Connecticut, Wisconsin, Michigan, Illinois. Polls show a large majority of Americans now support Medicare for All as a form of universal health coverage for all Americans, a system that prevalent in Canada for the last 50 years. Two hearings will be held in Congress on Medicare for All in 2019.


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