World News Insights
1-3 Minute Gist

World News Insights 1-3 Minute Gist

Retirement Articles

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.


The GuardianOriginal article ›
NYTimes.comOriginal article ›
LyrArc Article Gist
Christopher Caldwell points out in this essay in NYT that Mario Draghi former head of the European Central Bank, who had the support of international financial institutions for a country with debt to GDP of 150%, was not elected, and that the new coalition was elected with 45% of the vote, giving 55% of the vote to other opposition parties. Giorgia Meloni's Brothers of Italy has 26% of the vote, the opposing New Democratic Party has 19%. Italian elections have resulted in 70 govern ...
The TimesOriginal article ›
LyrArc Article Gist
This report in The Times cites David Stockman, Reagan's budget director, saying afterwards that the Reagan tax cuts were a Trojan horse for getting tax cuts to the rich. The Reagan cuts says The Times did not work and led to huge deficits. Liz Truss's new budget with tax cuts is seen as a policy failure at a time of cost of living crisis for most people in the UK.
The GuardianOriginal article ›
LyrArc Article Gist
The Guardian follows key speeches and developments at the Labour party conference in Liverpool. This comes as the Labour party leads the Conservatives in the MRP poll by 12 points 45 percentage points to 33 points. Labour is favored in its approach to the cost of living crisis and climate change. Keir Starmer is steadily closing the credibility gap created by previous Labour administrations on policy for families and workers and conviction which has given Boris Johnson and Liz Tru ...
The GuardianOriginal article ›
LyrArc Article Gist
"This year something has happened in Labour. The hope of a Labour victory has turned into a belief." Keir Starmer UK's Labour party leader says being dull does not bother him. One of the big differences with the UK Conservatives is now on display says Starmer on windfall profits of fossil fuel companies to be taxed in the call by Labour. "One of those big differences is between a Labour party that wants the fossil fuel giants to contribute more of their windfall profits t ...
WSJOriginal article ›
LyrArc Article Gist
Reaganomics, trickle down economics, it is clear don't work. James Mackintosh says in WSJ, the latest version of Reaganomics, in the form of the LIz Truss budget in September 2022 with cuts in corporate taxes, no relief for vulnerable populations in the cost of living crisis as in all other major European countries and in the US, is already getting a bad reception in financial markets with the tumbling of the British pound.Times have changed there is nothing to be gained in its app ...
WSJOriginal article ›
The GuardianOriginal article ›
LyrArc Article Gist
The Truss government UK budget in September 2022 does little for the most vulnerable populations in the cost of living crisis. It also fail to take any significant steps to build up energy supplies. Of all the governments in the G-7 countries France, Germany, Italy, Canada, it is the weakest when it comes to promoting social cohesion or taking action to promote both energy supplies and renewable energy for the transition during climate change. Spain has just introduced a wealth tax for ...
The GuardianOriginal article ›
LyrArc Article Gist
Action to tackle the cost of living crisis taken by G-7 countries France, Germany, Italy, Canada, US, is shown here in The Guardian. France and Germany have taken the strongest action to protect lower income people, the US with the Inflation Reduction Act has taken broad steps to limit healthcare costs and invest in the economy. The UK appears to be the weakest in taking action and the new budget of Mr. Kwarteng is seen in this way as failing to protect vulnerable parts of the populati ...
NYTimes.comOriginal article ›
LyrArc Article Gist
About 54 million seniors in the US will benefit from the expected 8.7% cost of living increase in Social Security in 2023. Medicare premiums will remain stable in 2023 at $170.10 so that cost of living increases are not eroded by rising Medicare premiums.
WSJOriginal article ›
LyrArc Article Gist
Inflation infighting is the new term for couples pointing fingers at unauthorized purchases as families struggle to cope with the cost of living. The basket of food and services now costs $460 more this month compared to last year for an average American household, according to Moody's. Experts suggest that couples take some time each month to go over household expenses and items on their grocery bills to make better decisions. This could also led to better decisions on nutrition l ...
WSJOriginal article ›
LyrArc Article Gist
Fed officials at the US central bank say they are looking t getting to 4% from the current 2.5% for the federal funds rate. A third increase of 0.75% in interest rates is expected for 2022 from the Fed. Fed chairman Powell intends to keep inflation in check. Higher interest rates in the US is also good for savers and provides more stable sources of income for Americans, creating a new element of stability that was missing.
WSJOriginal article ›
LyrArc Article Gist
The fast food industry in US relies on the franchise model which has been deeply affected by depressed wages, poor working conditions and other worker abuses. Governor Gavin Newsom signs into law on Labor Day 2022, the FAST Recovery Act which established a state council tasked with setting wage standards for the entire franchise and food industry. Workers will now get a seat at the table to set standards for wages, and health and safety standards for the industry. Wages will ...
WSJOriginal article ›
WSJOriginal article ›
DW.COMOriginal article ›
LyrArc Article Gist
Chile's new constitution that replaces one written in 1980 under military rule, is likely to be rejected in a vote on September 4. It puts every conceivable right into the constitution beyond the basic rights of fairness in the economic, in incomes, in health and education services access, and pensions the original reasons for the two years of protests. About 80% of the Chileans voted in members of the constitution drafting boy the Convention. About 47% say reject and 38 say accept ...
NYTimes.comOriginal article ›
LyrArc Article Gist
Chile's new constitution was drafted after a vote on a constitutional convention in which many people not involved before and on the fringes of society including indigenous groups were elected. More than half are independents and from different groups of society not well represented before. As a result of this the lack of experience has led to enshrining every single right that one could think of instead of focusing on what the protests were about about - the pension system, unfair ...
NYTimes.comOriginal article ›
LyrArc Article Gist
Roger Fly 81 years, an old school fly fisherman and a nuclear scientist decides to challenge the right of landowners to prevent trout fishing by ordinary people in Colorado's pristine wilderness. Hill wants to give everyone a right to "just stand in the water" in all navigable rivers in Colorado and not to let sprawling private estates stand in the way. The NYT gives this story about Mr. Hill's efforts and how this would provide access to the 100,000 miles of navigabl ...
NYTimes.comOriginal article ›
LyrArc Article Gist
It is not commonly realized how much of an economic collapse Russia suffered as a result of Mr. Gorbachev's failure to plan a smooth transition out of communism- a 40% drop in  drop in GDP, a peak of 2000% increase in inflation, and drop in life expectancy from 69 years to 65. With lack of safeguards in place for vulnerable sectors such as the elderly and displaced workers, no setup for securing the rule of law, no periods of experimentation with market economy in parts of the coun ...
WSJOriginal article ›
The Indian ExpressOriginal article ›
NYTimes.comOriginal article ›
LyrArc Article Gist
Democrats are feeling hopeful that they can keep control of the Senate after passing the Inflation Reduction Act of 2022. This gives Democrats something to show Americans that tackles issues of inflation, climate change, fair taxation, healthcare access. In addition the Democrats have passed bills on building America's advanced technology industries with the semiconductor bill, earlier infrastructure bill in 2021, and a bill to help veterans. By not supporting the Inflation Reducti ...
WSJOriginal article ›
The TimesOriginal article ›
LyrArc Article Gist
This report in The Times take a look at the work Liz Truss has done as International Trade Secretary and now Foreign Secretary. Truss does not want Britain to become economically dependent on China. More than Johnson Truss is a UK Atlanticist who wants the UK to work with the US and the EU to build a western world that is entirely independent of China.

Looking at her work and experience it would appear that Truss is the most underestimated of the candidates for prime minister, ...
WSJOriginal article ›
LyrArc Article Gist
Inflation is outpacing wages in the US by 4% in July 2022. Consumers are cutting back on spending. The US Fed is looking at another 0.75 percentage point increase in the interest rate in July 2022.

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