World News Insights
1-3 Minute Gist

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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.


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Alexis Tsipras of the Syriza Party in Greece and the effort to reduce the face value of Greece's debt after elections in Jan 2015.
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New York Times Original article ›
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Jeff Boyer is made the new vice president for Global Vehicle Safety, reporting directly to CEO Barra.
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Wall Street Journal Original article ›
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Germany protests the British government's efforts to pressure the Guardian newspaper to hand over documents leaked by Snowden on security surveillance.
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Wall Street Journal Original article ›
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The U.S. unemployment rate declined to 7.7% in February 2013 from 7.9% in January, with 236,000 jobs added. IHS Global Insight's forecast of GDP growth is 1.5% for the first half of 2013 because of spending cuts and the increase in Social Security taxes in Jan 2013. Macroeconomic Advisors predicts the federal spending cuts will lead to loss of about 700,000 jobs, with most of this ocurring in the second and third quarters. As a result economists expect the unemployment rate to be at about 7.5% by the end of 2013. The job gains were broad based including manufacturing and business services, and 48,000 construction jobs were addd. At the same time the labor force participation rate declined to 63.5% reflecting some workers retiring and some discouraged workers dropping out of the job market.
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Alarge number of illegal immigrants are Latinos from Latin American countries, Mexico, Peru, Venezuela and a host of other Latin American countries. Getting an opportunity to live normal lives is what they are after. This is resulting in street protests and public campaigns for the Obama administration to carry out its pledge to help them get legalized status with new legislation.
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With a new corporate board in place the government is planning to sell a 51% stake in Satyam to a private bidder. Satyam's capitalization on the New York Stock Exchange is now $600 million down from $7 billion in May 2008. Spice, a tech firm, Larsen and Toubro, Mahindra and others have expressed interest. One estimate of cost to settle lawsuits is $440 to $840 million.
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LyrArc Article Gist
Ford continues to struggle in getting people's attention and in getting people into the showrooms to seriously look at Ford. One problem is the fierce competition even as Ford cars and other vehicles get better in quality and safety and reliability, the competitiion is not standing still. The latest in this effort overseen by mullaly is the Swap My Ride Campaign now underwaywhere people exchange the car they drive for a Ford vehicle like the Edge crossover.
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Viktor Zubkow becomes new Prime Minister of Russia. He is close to Putin from his St Petersburg days and worked on Putin's staff in those days.
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Criticism of China by Obama and Clinton ahead of Ohio primary March 4, 2008.
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Wholesale price inflation reached a 13 year high of 11% as India faces steep rises in the price of food and energy. The government's recent decision to remove some energy subsidies increased energy prices by about 10%. The central bank raised its key short term lending rate by 0.5 percentage points to 8.5% and increased the amount of cash banks must keep in reserve.

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