LyrArc Article Gist
Nahm says the most important quality for a person doing a startup is passion. With this should come a clarity of vision which helps him or her focus on one thing that can create something that stands out, without getting diverted in many directions. He also believes a questioning and observant mindset is important, as a person doing a startup has to respond to what is happening outside by searching without having any preconceived ideas.

LyrArc Article Gist
Kristi Noem's handling of the situation in Venezuela defeated the overall purpose of correcting unlimited migration and open borders with use of aggressive approach in Minnesota that was not consistent with standards set at Homeland Security. It took a great deal of effort from Tom Homan, head of the overall effort on migration control and border security to restore public confidence in immigration approach in Minnesota. The US president was ill served by the use of these aggressive tactics which did not have support even from many Republicans in Congress. The president had showed his dissatisfaction at this and has now moved to correct this by bringing in Markwayne Mullin whom he called "highly respected"  from Oklahoma, who can talk to all sides as the immigration actions take place to get the largest degree of support from the American people along with Tom Homan in many diverse and different states in the Nation.

LyrArc Article Gist
Details of the UAW agreement with GM.

LyrArc Article Gist
Chrysler and the UAW reach a deal.

LyrArc Article Gist
US ceasefire proposal July 3, 2025 for Gaza accepted by Israel and Gaza/Palestine. An end to Gaza/Palestine war July 3, 2025 with US Egypt UAE mediators after months of fighting that have left Gaza in ruins, Iran and proxies in disarray, and leadership in Gaza changing three times. This opens up a path for humanitarian help to the population of Gaza/Palestine, ending hostage crisis, and finding a new path to Palestine/Gaza living in peace with its neighbors, Egypt, Israel, UAE and Gulf States.  It marks the end of another chapter of failures in the wars of the Middle East starting with Afghanistan/Pakistan under Reagan and Soviet leader Brezhnev on opposite sides, then Iraq/Iran interventions under Reagan/Bush/Bush first on one side then on the other, Afghanistan/9/11 under Bush Jr., Syria under Obama and Trump, Iraq/ISIS under DJT, and Afghanistan closure under Biden, Iran/Gaza/Israel under DJT second term. Forty Five Years War is an appropriate term reminiscent of the Thirty Years War in Europe in the 17th century, this one that destroyed Soviets and the American administrations priorities of Reagan to Biden 1980-2025. ...

LyrArc Article Gist
This article in the Atlantic Council September 17, 2024, shows that the world may be fixating on the Straits of Hormuz when it should really be focusing on the Red Sea shipping for the Suez Canal. The Iranians ship 1.5 million barrels a day of oil through the Straits of Hormuz, and closing it off would close off the oil revenues that sustain its economy. Wald writes that even if the Iranians in a crisis would clsoe off its waters to shipping another route exists in the Straits of Hormuz through UAE waters when needed by oil shipping and it has been used by British ships. The Red Sea and Suez presents risks coming from Houthi rebels supported by Iran, who have attacked the US Navy ships in the region.

LyrArc Article Gist
Foreign Minister Wang Yi of China says DJT and XI have "set an example" through their efforts and communication and "put [China-US] relations back on the right track after ups and downs." This sets the stage for the US president to visit China on March 31 -April 2, even as the US and Israel are at war with Iran over its use of ballistic missile programs and development of nuclear weapons. The US president also says he has talked to president Putin of Russia recently on March 9, saying that Putin has offered his help.

LyrArc Article Gist
The email server controversy has had the effect of obscuring Hillary Clinton's message about her policies. Hillary Clinton's instincts in a lifetime in politics made it harder for her to apologize and let the matter fade away. Because the 2016 campaign is run by committee, has some members of Obama's campaign team, and led by Mr. Podesta who is close to Mr. Clinton, with senior advisors offering advice, it is not as coherent as the 2014 campaign team in offering advice to the candidate. As a result it took a while before advisors could relay the message that the email controversy was not just about Mrs. Clinton's and Bill Clinton's conviction that she had done nothing wrong, but about the larger message to voters on her campaign platform. By early September it was being obscured by the enthusiasm in the Sanders campaign, and non stop coverage of the email controversy in the media. Her falling popularity in the polls was the signal that led Hillary Clinton finally to say "sorry, I shouldn't have done this."...

LyrArc Article Gist
UAL's stock has gone down 93% in the past year more than its other U.S. rivals and the entire company has an equity value of $433 million smaller than the retail price of two jumbo jets. It will take second quarter noncash charges of $2.7 billion to writedown to zero the value of its intangible assets or goodwill. United will pare its 460 plane fleet by 100 planes by 2009, cut capacity by 15% in the 4th quarter 2008, cut 20% of salaried jobs or 1500 jobs, and furlough 950 of its 6000 pilots.

LyrArc Article Gist
Lending activity at banks shows decline even with infusion of government funds.

LyrArc Article Gist
Ford Motor has better relations with the UAW than GM or Stellantis. It is expected to come to an agreement with the UAW as the two sides are close, says this report in WSJ. The supply chain is likely to be affected particularly the smaller suppliers. Suppliers have long term contracts and have not gained from the increase in prices from the shortages of production during the pandemic. Shawn Fain is introducing new ways for the UAW to get to its goal of income and wage fairness after the wage concessions made a decade earlier and a two tiered wage workforce.

LyrArc Article Gist
In an Op-ed in the Washington Post Mehmet Oz, Head of Medicaid and Medicare says while banning use of Medicaid and Medicare funds for transgender medical procedures- "America’s children aren’t lab mice. They deserve quality care backed by sound evidence and should not be conscripted as test subjects in risky experiments that cause irreversible harm. Federal government is banning the use of Medicaid and Children’s Health Insurance Program funds to subsidize sex-rejecting medical interventions for minors and prohibiting hospitals participating in Medicare and Medicaid from performing them. Dr Oz says "extraordinary interventions such as cross-sex hormones and double mastectomies require extraordinary evidence, especially when children are involved." He says the evidence is lacking and cites information from many countries. ...

LyrArc Article Gist
Thd UAW under Shawn Fain says the large US automakers Stellantis, GM and Ford are stalling with delay tactics in bargaining for wage increases. Ford only offered a 9% wage increase. UAW wants a 46% wage increase, elimination of lower wage tiers for new workers, benefits for cost of living, reducing the hiring of temporary workers, and a shorter work week. The UAW has taken the automakers delay tactics to the National Labor Relations Board in its complaint.

LyrArc Article Gist
GM is picked as the lead negotiator by the UAW bargaining team led by Gettelfinger. UAW has more confidence in GM because GM assured the UAW that it would provide a steady stream of money to keep the VEBA trust, which would fund health care for for GM's former employees, solvent. The UAW feared that with rising health care costs the VEBA without additional support after the inital funding could run out of money. The Ford and Chrysler contracts were extended and the GM contract would be extended by tonight.

LyrArc Article Gist
Japan has 254 days of oil reserves says PM Takaichi Sanae with daily consumption of 3.1 million b/d. China has 100 days. India has 74 days of oil in government and privately held reserves with daily use at 5.6 million b/d.  In addition 100 million barrels of oil have accumulated on tankers parked on the oceans because of sanctioned oil waiting to be delivered.