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

Articles are selected by experts and you can see the gist of the important articles.

Who is Nadhim Zahawi? Iraqi refugee to chancellor

  
BBC News - 07.06.2022 Original article ›
LyrArc Article Gist
The extraordinary story of Nadhim Zahawi who came to the UK as a child fleeing Iraq in the seventies with his parents. His grandfather was the governor of the Central Bank of Iraq. He says he survived by coming to Britain as he might have been killed in the Iran- Iraq war of the 1980's. He started life in Sussex and studied at the University College of London. In 2018 he was made Education minister by Theresa May. He continued under Boris Johnson as Education Minister, and in 2020 took the position of Vaccine Rollout minister.In July 2022 he was appointed Chancellor of the Exchequer to replace Rishi Sunak.

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In Maine, a Rare Influx of New Residents, and a Housing Crunch

  
NYTimes.com - 02.07.2023 Original article ›
Jenna Russell
LyrArc Article Gist
Maine is the only state in the US where the median age declined in 2021. More people from other northeastern states migrated to Maine during this pandemic leading to population growth as younger people move in. This puts Maine in the ranks of sunbelt states such as Florida and South Carolina. This has one drawback- the increase in home prices that requires the state to pitch in to make housing more affordable for locals. During the pandemic three years Massachusetts lost 100,000, New York 600,000 to out migration. Maine has some of the most spectacular scenery in the northeast with Acadia National Park near Bar Harbor on the long coastline.

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Boeing, Airbus Sell 470 Planes to Air India in Record Deal

  
WSJ - 02.14.2023 Original article ›
Benjamin Katz, Doug Cameron
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India makes the largest deal for commercial aircraft in aviation history by buying 470 planes from Airbus and Boeing. 250 Airbus jets and 220 Boeing airplanes. American Airlines ordered 460 planes in 2011. WSJ says based on list prices the Boeing orders is for $45.9 billion and the total order is for $85 billion. The White House announced the Boeing deal. The Airbus deal was announced by pm Modi and France's president Macron. The purchase was made by Air India. India is now the fastest growing aviation market in the world.

Airbus increased deliveries by 6%, and Boeing by 41% in 2022, as air travel and aircraft sales increased following the pandemic.

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When T.V. Sundaram Iyengar operated the first bus service in Tamil Nadu

  
The Hindu - 02.16.2023 Original article ›
Sangeetha Kandavel
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This story of T.V. Sundaram Iyenagar, founder of TVS scooter motorcycle maker, shows him starting a bus service in 1912 after hearing Eardley Norton make a speech in Madras. The buses connected Madurai, Thanjavur and Pudukottai routes. The punctuality was legendary so that people set their watches by the bus timings. A yogic saint event used the bus as a way to wake up at 4.00 am. Gopal Srinivasan of TVS says he showed India that taking a risk and experimenting was a good thing, and that being ambitious for society and serving customers were equally important. This is the India that is emerging in 2023 out of the pandemic.

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Original article 5 minutes, gist 1 minute

SEC Faces Calls to Boost Crypto-Exchange Enforcement After FTX Collapse

  
WSJ - 12.08.2022 Original article ›
Dave Michaels
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The failure of the SEC under Gary Gensler to protect ordinary Americans who are mistakenly trusting their savings to cryptocurrency firms is seen as a major flaw in his running of the agency by former SEC officials and other SEC experts. The gaps in SEC enforcement and this weakness is the subject of this report in the WSJ. The cryptocurrency firms are not registered with the SEC and do not follow SEC rules hurting ordinary Americans putting money there. Mr. Gensler was made head of the SEC in 2021, and the SEC has been looking at crypto firms since 2017 but failed to come up with a regulatory model in 5 years.

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Even a Soft Landing Would Be Hard on Stocks

  
WSJ - 12.28.2022 Original article ›
Justin Lahart
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US public companies, manufacturers and retailers that make up more than half of the S&P 500 index, came out with strong sales per share of 24% increase in 2022 over 2019. This means slower growth is expected ahead in 2023, says Justin Lahart in the WSJ.  The shift to consuming more services such as dentist visits and tourism from buying washing machines and appliances will mean slower sales for these large companies that are manufacturers and retailers. Fed chairman Jay Powell's higher interest rates will also limit growth in sales in 2023. Overall the US economy may barely skirt a recession, and this depends on which forecaster one talks to.

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The Guardian view on wealth taxes: UK needs one on millionaires and billionaires | Editorial

  
The Guardian - 01.16.2023 Original article ›
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Just 1% over 10 million pounds of wealth would raise 42 billion pounds from 22,000 individuals and take pressure off the National Health Service in Britain. The capital gains made during the period of Covid has further distorted incomes by hollowing out blue collar workers and increasing incomes of remote white collar workers during the pandemic. The wealth tax would simply reverse this additional element that added to the increasing inequality of the last 2 decades during the pandemic. It would add to general wellbeing in Britain without affecting the individual ability and innovation. In fst by diverting some of the funds to education it could enhance the ability to innovate and take risks in business.

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Dina Asher-Smith: from park runner to world-beating superstar

  
The Guardian - 07.17.2022 Original article ›
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The Guardian looks at Dina Asher-Smith, Britain's greatest sprinter. She is from the London suburb of Orpington, on the fringes of south east London, which has parks everywhere where Dina did a lot of her early running. From Perry Hall summer athletics program to the World Junior championships this report in The Guardian looks back at how she took up running. With 3 A's at A level she studied history at King's College, Cambridge, graduating with a first. 

Today about 7 million people go out running in Britain and Dina Asher-Smith has made running more popular in schools. 

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From ‘golgappe’ to bilateral ties: Japan PM Fumio Kishida, PM Modi hold talks | The Indian Express| Page 8

  
The Indian Express - 03.24.2023 Original article ›
LyrArc Article Gist
Increasing cooperation in fast rail, clean energy, semiconductors and defense manufacturing between India and Japan following the visit of prime minister Kishida of Japan to India. The plans for Japanese investment in India will be accelerated with this visit. PM Modi will visit Hiroshima for the G-7 summit. As India's development accelerates it is likely to make the G-7 the G-8 summit in coming years. The unity of purpose shown by Biden and Trudeau in Canada is seen today between Kishida and Modi in India. This follows the close relationship Modi had with prime minister Abe of Japan. Kishida was foreign minister in Abe's government.

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Original article 1 minute, gist 1 minute

Opinion | Putin’s Energy Offensive Has Failed

1 Groups   
NYTimes.com - 04.07.2023 Original article ›
Paul Krugman
LyrArc Article Gist
The European Union has adapted well to a cutoff of supplies of Russian gas. Alternative sources were quickly pulled together in a matter of months after the invasion and cutoff to tackle the winter of 2022-2023. Conservation was moved into high gear, renewable energy investment expanded, and alternative sources for gas established. Germany sought supplies of LNG from the US and Qatar and built gas terminal at Wilhelmshaven in record time of less than 6 months. Norway increased gas supplies to Europe and now provides one third of Europe's gas needs. German industry changed the way they used gas supplies to reduce usage and make it efficient.

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Yellen Says U.S. Could Move to Protect Deposits at Other Banks

  
WSJ - 03.21.2023 Original article ›
Andrew Duehren
LyrArc Article Gist
In protecting deposits Biden and Yellen's goal is to keep the banking system safe so that it does not affect the economy and have effects on workers and families at the time of a cost of living crisis. The three years of the pandemic has also put families under severe stress. The Biden administration will also make it a policy to ensure that banks pay most or all of the costs borne by the FDIC in covering deposits that are uninsured. 97% of the deposits at Silicon Valley Bank were uninsured yet the Biden administration did not hesitate to have the FDIC cover these deposits because of its policy of recovering all costs after stabilization.

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How Climate Change Turned Lush Hawaii Into a Tinderbox

  
NYTimes.com - 08.12.2023 Original article ›
Christopher Flavelle, Manuela Andreoni
LyrArc Article Gist
The effects of declining rainfall, higher temperatures in causing the wildfires of 2023 in Hawaii. Researchers show that rainfall has declined by one third since 1990 in the wet season. The fires are striking because of the lush vegetation that one generally associates with Hawaii. Yet Hawaii is like other places on the planet, also susceptible to climate change and its effects. With rising temperatures about 36% of Maui County is in severe or moderate drought. Dry and invasive grasses make it worse, as one expert puts it the island is covered with flammable stuff. Blowing winds provide an additional condition. Flavelle and Andreoni provide this NYT report on Hawaii and climate change.

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The $100 Billion Luxury Complex That’s Sitting Empty and Unfinished

  
WSJ - 09.08.2023 Original article ›
Feliz Solomon, Rebecca Feng | Photographs By Ore Huiying For The Wall Street Journal
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WSJ's Solomon and Feng look at Chinese developer Country Garden's $100 billion real estate project Forest City located only a short drive from Singapore in Johore State of Malaysia. It owns 60% and the rest is owned by the Sultan and a government agency. It is now abandoned as a failed project with Country Garden failing to make debt payments. This is the kind of project Malaysia did not need, as it diverts precious capital from industrial projects and infrastructure that improve the lives of the Malaysian people. Malaysian development has stalled with governance issues and misallocation of capital for such projects, and no tangible strategy for development.

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Meet the Delta Fliers Who Don’t Hate the New SkyMiles Rules

  
WSJ - 09.27.2023 Original article ›
Dawn Gilbertson
LyrArc Article Gist
Delta Airlines is switching its frequent flyer program entirely to spending on its American Express Card. No miles for flights. Delta gets an astounding $7 billion from American Express from sales of miles, ancillary fees and brand fees. Its goal is $10 billion which would be what it made from tickets for flights in 2022. Delta's CEO says it may have gone too far with these changes which are unpopular with its flyer base except for the high end flyers who disliked crowded lounges. Were there other ways to tackle that problem? Delta appears to have shifted attention to a small fraction of its customers.

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UAW Expands Strike to GM Plant in Michigan, Ford Factory in Chicago

  
WSJ - 09.29.2023 Original article ›
Nora Eckert, Ryan Felton | Photographs By Nic Antaya For The Wall Street Journal
LyrArc Article Gist
The UAW added 7000 workers to the 18000 already on strike at Ford, GM, Stellantis.The UAW is making progress in its talks on Stellantis on cost of living adjustments and outsourcing, and says it will spare Stellantis from more walkouts. Stellantis also has the least hourly workers of the three US auto companies. Stellantis has operations in Europe and gets half of its profit outside the US. The UAW is also not stopping work at the largest SUV and pickup truck plants that make the most money for the auto companies. The idea is to do only what is needed to achieve its goals of fair pay and benefits for the auto workers.

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Opinion | What happened to this Wisconsin day care should concern us all

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Washington Post - 11.07.2023 Original article ›
LyrArc Article Gist
President Biden has asked for $18 billion for child care stabilization, the children's infrastructure of today. Republican controlled Congress is not responding. Nationwide 16000 childcare providers closed their doors across 37 states in 15 months of 2020 through March 2021. Childcare givers in the US make less than parking attendants, says this story in The Washington Post. Federal grants provided help in Wisconsin and other states, but this money dried up and more childcare centers have closed. This is the soft infrastructure that America needs and is so crucial- for its children and for mothers and fathers. The losses reverberate through local economies. And it disrupts parents, especially mothers ability to work. 

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Original article 11 minutes, gist 1 minute

The Ultra-Affordable EVs That Won’t Be Coming to the U.S. Anytime Soon

  
WSJ - 11.12.2023 Original article ›
Christopher Mims
LyrArc Article Gist
Minimobility can be seen in some locations in the US such as Peachtree City, a town south of Atlanta where golf carts are popular. In Europe it is taking off and popular on its small streets and with its  culture of smaller vehicles. The Renault Duo, Citroen Ami, Swiss Microlino, Swedish Luvly, are electric vehicles for 1-2 passengers made at prices from $8000 for the Ami to $16000 for the Microliner. The Microliner has a range of 150 miles and max speed of 55mph. By 2030 about $100 billion of these small electric vehicles could be on the road compared to $3 billion in 2023. 

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Opinion | Why Biden Isn’t Getting the Credit He Deserves

  
NYTimes.com - 07.03.2023 Original article ›
David Brooks
LyrArc Article Gist
Biden's vision for America is genuine and it works, in resources put to the task and in manufacturing, in technologies, in infrastructure that rebuilds America, says Brooks in NYT.  Biden has to frame his own narrative, tell America's 21st century story, says David Brooks in the NYT. To do this he has to get out of the protective walls that have been built around him, and make himself the center of the nation's attention. Because the media is too fractured and the nation too fractured to grasp that it is possible after four failed administrations- Clinton, Bush, Obama and Trump's.

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Here's the full text of Donald Trump's speech at Motera stadium

  
The Economic Times - 02.25.2020 Original article ›
LyrArc Article Gist
The Trump speech at Motera stadium in Ahmedabad, Gujarat in which he quotes Swami Vivekananda, with the line- "While our nations have many differences they are propelled by a fundamental truth, the truth that all of us are blessed with divine light, and every person is endowed with a sacred soul." 

Mr. Trump visited Sabarmati Ashram, the site where Gandhi spent many years,  right after landing on a 8000 mile non- stop flight to Ahmedabad, and is shown trying his hand with Gandhi's cotton textile making wheel and reflecting on the stone bench in this place by the river Sabarmati where so much happened.

 

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Original article 1 minute, gist 1 minute

What pointers can Kamala Harris take from the state run by women?

  
BBC News - 08.04.2024 Original article ›
LyrArc Article Gist
Michigan has three highest elected officials who are women Gretchen Whitmer Governor, Benson Secretary of State, and Nessel as Attorney General. The former Governor was Jennifer Granholm who is now in the cabinet of president Biden as Secretary of Energy.  Harris has moved up by 5 percentage points in Michigan and has the support of people across all communities in the state. Even though Michigan and Wisconsin are shown as states similar to Kansas and Iowa, they have in Michigan a strong manufacturing worker base, and in Wisconsin the influence of the University of Wisconsin in Madison, that make the state very different and forward looking in its thinking.

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Hochul Halts Congestion Pricing in a Stunning 11th-Hour Shift

  
NYTimes.com - 06.05.2024 Original article ›
Grace Ashford
LyrArc Article Gist
New York Governor Kathy Hochul halts a congestion pricing plan for New York City saying it would have unintended consequences and hinder New York's economic recovery. It would make it harder for cost of living for families after the effects of the pandemic. The plan was to charge $15 fee to enter New York Manhattan south of 60th Street. It was seen as a way to support a financially strapped MTA subway authority. Hochul said- "Let's be real. $15 may not sound a lot to someon who has the means but it can break the budget of a hardworking middle class household." 

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From anti-Trump to vice-president nominee: JD Vance in his own words

  
The Guardian - 07.16.2024 Original article ›
LyrArc Article Gist
The Guardian shows what J.D. Vance really thinks from his words in 2016 before his run for the US Senate depended on the backing of the former president. Most important are Vance's thoughts on whether the policies of Trump would work in a second term to meet the needs of Americans struggling to make a living. Like the yellow vest supporters before the pandemic in France, another burden was placed on ordinary Americans when the pandemic hit with the cost of living crisis. Vance did not think the economic policies of a Trump second term  would work in his thoughts expressed in 2016 before his run for the Senate.

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Election Live Updates: Harris, in CNN Interview, Says ‘My Values Haven’t Changed,’ Even if Positions Have

  
NYTimes.com - 08.30.2024 Original article ›
Jonathan Weisman
LyrArc Article Gist
Kamala Harris stands by her values in her positions on fracking which she says can be combined for transition with a clear timely pursued climate change strategy Biden-Harris has pursued. The investments in climate change action are being made in a way that will protect us from climate change. On immigration she repeated her pledge that she will get the Biden Lankford immigration legislation that closes the Border to her desk and will sign it into law. She pointed out that Biden has served the interests of the American people with the large investments in manufacturing, in climate change action, and in infrastructure, child care, that will be remembered by the American people.

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European leaders bet on Friedrich Merz

  
Le Monde.fr - 03.01.2025 Original article ›
LyrArc Article Gist
The election of Merz in Germany as chancellor means a sharing of minds with Macron of France, the two leaders share the same approach, coming 3 years after the inertia under chancellor Scholz. It means the steps will be taken for European defense and for a European alternative to NATO. It also means efforts will be made for the French-German economic engine to be revived. 

UK's prime minister Starmer also supports this effort for a united Europe to tackle defense and economic challenges in 2025. Leyen, head of the European Union is also a member of CDU party of Merz and led the defense ministry under Merkel.

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Original article 1 minute, gist 1 minute

Opinion | Time for Accountability on the Covid Lab-Leak Coverup

  
WSJ - 04.15.2025 Original article ›
Mike Gallagher
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WSJ calls in April 2025 for accountability push from DJT and the US including all agencies of the government on Wuhan Lab leak so that all the facts are available to the people of the US after millions dead, and lives, economies destroyed. WSJ says we cannot trust scientists with dangerous pathogens to make decisions with bureaucrats and universities, foreign governments and agencies of the US government, that affect the lives of billions of people in the US and the world. WSJ has covered this issue and its evolution in detail since 2019. Honoring the dead and being prepared for the future requires being honest with ourselves, says the WSJ.

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