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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.


Wall Street Journal Original article ›
LyrArc Article Gist
U.S. housing firm Fannie Mae reported a loss of $6.5 billon for 1st quarter 2011. Home price declines pose an added risk for Fannie Mae and Freddie Mac as the firms have a large number of foreclosed homes. Fannie and Freddie had 218,000 homes at the end of March that have to be resold, a 33% increase from 2010. Fannie Mae has about $206 billion of delinquent loans on its books. Both firms are on government life support. Fannie said it would ask for $6.2 billion in new funds from the U.S. government.
Wall Street Journal Original article ›
New York Times Original article ›
LyrArc Article Gist
Electric cars have perfomed well in disaster hit regions of Japan after the earthquake, when oil refineries and gasoline stations were out of operation. 89 Mitsubishi i-MiEVs were put to use in Miyagi, Fukushima and Iwate prefectures. They were perfect for Sendai say city officials. The cars were driven an average of 30-45 miles a day in Sendai, which is half the distance for a full charge. Each night they were returned to city hall and recharged using 220 volt outlets. Fast recharging stations which replenish batteries to 80% of capacity in 30 minutes were used. The standard 100 volt outlets take 12 hours. This performance should speed up the timetable for electric car development in Japan.
New York Times Original article ›
New York Times Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
The Crystal Bridges Museum of American Art is under construction in Bentonville, Arkansas. The 201,400 square foot museum will open on November 11, 2011. The museum has a complex of eight gallery pavilions and is being designed by architect Moshe Safdie. It is the dream project of Alice Walton, daughter of founder Sam Walton. The Walton family has decided to make a $800 million donation to the museum. Ms. Walton conceived the project six years ago and is buying art works to build the collection. She outbid the National Gallery of Art in 2005, to buy Asher Durand's Hudson Reiver School masterpiece, "Kindred Spirits," from the New York Public Library, paying $35 million. The museum will cover the entire period of American art from the colonial era to contemporarty art works.
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
A restructuring of the Carrefour chain with a spinoff of the property unit is on hold after criticism of the company's restructuring plans. The plans are said to benefit Mr Arnault and Colony Capital who holds 14% of the shares. Mr McCann recently hired from Tesco has resigned as top executive for French operations.
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
The Wall Street Journal interviews Amr Moussa, leading candidate for the presidential elections in Egypt. He sees a change in policy towards Israel, and a parliament that has many Islamic legislators.
Washington Post Original article ›
Washington Post Original article ›
LyrArc Article Gist
A detailed account by the Washington Post on the life of Pvt. Bradley Manning and the events leading to the Wikileaks disclosures.
Washington Post Original article ›
LyrArc Article Gist
President Obama uses the solemn occasion in memory of the victims of the 9/11 attacks to lay flowers. 60 relatives of victims attended the ceremony days after the killing of Osama bin Laden in Pakistan. In an effort to bring closure to the event the President used the occasion to show respect to the victims with silence and no speeches or remarks were made except for a short private address at the "pride of Midtown" firehouse. It was a time to reflect. It was in sharp contrast to the days after the attacks. Not much moved, the cranes on the construction site were silent, only the leaves on the limbs of the pear tree known as the Survivor tree rustled in the wind.

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