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

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New York Times Original article ›
The Guardian Original article ›
LyrArc Article Gist
Andy Burnham is a different kind of politician because he comes with political experience inthe ministries under Blair and Brown, yet remained an outsider by moving to Manchester as Mayor. His background in English literature and well grounded in his home region gives him the kind of character and humility which would deal with foreign leaders not on the basis of ideology but of mutual respect in what he shares in the best ideals of public service with others. With the US this means sharing with DJT his understanding of how there is common sentiment in how the people left out, the disadvantaged by the effects of world trade and export of supply chains, the communities that were hurt and damaged for decades of neglect by different administrations, how there is acommon bond between these people and their leaders across the Atlantic. This provides a common bond for Burnham and DJT, and charts a path that leaves out culture wars favoring common sense on what makes lives better for the American and British people, sometimes using slightly different approaches for the common good, that were lost to previous administrations including from their own parties. Charles as King of Britain did not approach his visit as monarch, but as a leader for the public good in many ways and many aspirations, which provided a sure bonding with American people and the members of US Congress, and DJT. By following the best ideals of public service of America's founders and the best that Britain has to offer over centuries Burnham can chart a new path for Britain and the US in cooperation with allies in Asia (the India Japan Partnership of 1.5 billion people combining Japanese technology with India's ambition), and allies in the European Union. ...
Original article ›
LyrArc Article Gist
These 2 steel plants date back to Scunthorpe 1861, and Port Talbot 1905, when they were first built, when Britain led the world's industrial revolution. The two plants were modernized in the 1950's. British Steel and Tata Steel Port Talbot only two remaining steel plants in UK- retaking the UK steel supply chain move taken Labour in July 2026 as Andy Burnham takes the premiership. British Steel was privatized in 1988. In Asia British Steel and US Steel were revered during the colonial period to the 1950's and 1960's. In the US and UK strangely economic theories took hold that did not see the importance of steel and other basic industries in the life of a nation and its people. About 40 years later the lessons of outsourcing your main supply chains has been learned at great cost to the US and the UK. Note that in today's WSJ an Exclusive report shows the success US steel has become with government help and American tariff protection agiainst dumped steel from China and India. US Steel has grown till it is now the third largest steelmaker in the world. The UK government is nationalizing Scunthorpe plant now given name British Steel under the Steel Industry Nationalization Act. UK has set aside 2.5 million pounds for subsidies to the Scunthorpe and Port Talbot plants for modernization of old pre-1960's plants. This is the right move, if US Steel is a success story with DJT tariffs and government support, British Steel will be a success story with the same kind of support. And contrary to bad economic theory purveyed by some economists the US and UK can now have their own modern steel industries and supply chains at home. ...
New York Times Original article ›
New York Times Original article ›
Washington Post Original article ›
LyrArc Article Gist
BP reports a deal with the Plaintiffs Steering Committee in March 2012 to settle the lawsuit over the 2010 oil spill in the Gulf of Mexico by paying an estimated $7.8 billion. BP will pay the settlement from the money remaining in the $20 billion escrow account setup for this purpose. This includes $2.3 billion for losses suffered by the Gulf seafood industry. The rest of the money will go for economic claims and medical claims. Money will be provided for next 21 years for health related claims, and $105 million will go to healthcare in Gulf areas.
WSJ Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Judge Carl Barbier's ruling on Jan. 14, 2015 against BP which increases its exposure to a maximum penalty of $13.7 billion under the Clean Air Act. Judge Barbier's decision was that BP was liable for 3.19 million barrels of crude that spilled into the Gulf of Mexico in the 2010 Deepwater Horizon rig disaster. Judge Barbier's ruling said that BP acted recklessly in the events leading to the rig explosion an oil spill, giving the company exposure to the maximum penalty of $4300 per barrel. BP asked for a smaller penalty of $3000 per barrel.
Wall Street Journal Original article ›
LyrArc Article Gist
BP makes a final settlement with the states and the U.S. government for the Gulf oil spill. Of the $18.7 billion settlement in July 2015, the Clean Air Water Act penalty is $5.5 billion, the Natural Resource Damages are $7.3 billion, the 400 local government claims are $1 billion, the economic claims to 5 states are $4.9 billion, according to BP. Most of the money goes to the states of Louisiana, Mississippi, Alabama, Texas, Florida, for environmental improvement and economic development. Louisiana gets $6.8 billion. The settlement comes after court rulings went against BP. BP chairman Carl-Henric Svanberg, says it provides -" A path to closure for BP and the Gulf. It resolves the last remaining legal exposures, provides clarity on costs." BP shares were up 5.1%, and Fitch Ratings say this strengthens its ratings. For BP this adds $10 billion in cost to $44 billion already incurred for legal and cleanup costs.
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
BP has committed to cooperate with the government and pay fines to put the problems related to the refinery fire, oil pipeline leaks and the improper energy trading in propane behind it. A firm response to BP's failure from the EPA, CFTC, and the Justice Department.
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Expected legal settlements of $13.7 billion for the Gulf Oil Spill are $10 billion more than what was set aside. Oil prices are below $50 a barrel in Jan. 2015 and BP is making job cuts. BP's stake in Russian state owned oil company Rosneft is in a country facing western sanctions and a deep recession.

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