LyrArc Article Gist
About 6% of textbook sales are forecast to be digital in 2012, up from 3% in 2011, according to MBS Direct Digital. The $14.99 price for a digital copy of a textbook for 1 year announced by Apple is designed to increase sales. Apple's Phil Schiller, senior vice president of worldwide marketing, says there are 1.5 million iPads in use at schools and colleges. Future price reductions on the iPad below the current $499 level would make the device more accessible and affordable for students. Apple iBooks are designed to work only on the iPad. Other device manufacturers are Amazon and Barnes & Noble, and Apple is in third place for digital books according to Forrester Research. Over time digital copies digital textbooks will dominate the market. MJB Direct Digital sees 50% of textbooks being digital by 2020.

LyrArc Article Gist
India's largest state, Uttar Pradesh, goes to the polls in February 2012. Uttar Pradesh in the northern region has an estimated population exceeding 200 million. 15% of the parliament seats are from U.P. Uttar Pradesh used to be a major stronghold of the ruling Congress party since independence in 1947 during the Nehru and Indira Gandhi years. More recently in the 2002 and 2007 elections Congress failed to get more than 25 seats out of a total of 219 in this state. The state government is now run by a caste based party called the Bahujan Samajwadi party- which draws its support from Dalits a caste lower placed in the caste hierarchy- led by Kumari Mayawati. The election campaign is also being conducted under new rules designed to limit campaign expenses and limit extravagance in election campaigning.

LyrArc Article Gist
The U.S. Federal Reserve Open Market Commitee takes a position of pause and wait as it decides in March 2012 not to take any new further bond buying stimulus measures. There is uncertainty in equity markets about the effect this will have on equity prices. During the last two pauses in 2010 and 2011 the equity markets experienced downturns after withdrawal of bond buying measures by the Fed, leading to Fed action with QE 1 and QE 2 followed by a surge in equity prices and the S&P at over 1400. At the peak during the 2001 and 2008 dot-com and housing propelled booms the S&P reached over 1500. At this rate the curve for U.S. equity prices for the 2008-2012 period resembles a repeat of a narrow steep V shaped curve with only a 7% climb in April 2012 needed to reach the 1500 point in the S&P 500 average at which the previous two booms in prices ended up in a bust. John Taylor, Stanford economist, in a separate op-ed in the Wall Street Journal on March 29, 2012, called for a change in the mandate of the U.S. Federal Reserve for a more rule based policy because of the dangers of repeated boom and bust periods in the U.S. economy as a result of ultra loose monetary policies. The problem at this point in April 2012 is that profits of companies are not expected by analysts to come in strongly in the second quarter, with a slightly improving unemployment picture, expected upward pressures on oil prices from the Iranian situation, eurozone debt problems in Spain and Italy, and slowing growth in China, India and Brazil. These fundamentals do not support an S&P at the levels seen during the height of the last two booms of 2000-2001 and 2007-2008....

LyrArc Article Gist
Federal Reserve chairman Bernanke said the Fed would target a 2% inflation rate and keep short term interest rates near zero till late 2014. Eleven of seventeen Fed officials at a two day policy meeting ending Jan. 25, 2012 supported this policy. The announcement is part of the Fed's new communications policy which hopes to lower long term rates to stimuate growth and employment by signalling intentions on rates on a longer term basis. The Federal Reserve has lowered its estimate for growth in the U.S. to between 2.2-2.7% in 2012 from 2.5-2.9%.

LyrArc Article Gist
Lower oil prices in June 2012 with slowing growth worldwide and a planned buildup of inventories by Saudi Arabia and western nations. U.S. crude oil prices dropped to $83.23 a barrel on June 1, 2012.

LyrArc Article Gist
A law that is in the Must Have category for Parents, School teachers and Educated Children in the US, Canada, Britain and India, finally gets passed in Australia. Of huge benefit to Australian Parents and School Teachers- after December 10 2025 social media Meta Tik Tok and You Tube are required to remove all under 16 accounts. Chinese children and school teachers, parents have the benefit of such laws regulating the use of social media which in the current climate of license, of leaving childrens, parents and school teachers to fend for themselves, leaving young girls to fend for themselves, has not happened in other nations.

LyrArc Article Gist
Portugal's statistics agency showed GDP growth was 1.1% higher in the second quarter of 2013 compared with the first quarter. GDP level was still 2% below the level in 2012. Exports were up 6.3% in the second quarter. Half of exports were from sale of refined petroleum products. Unemployment declined in the second quarter of 2013 to 16.4% from 17% in the first quarter. Portugal is continuing negotiations with the EU to soften austerity cuts planned for 2013-2014. The current budget deficit target is 4% in 2014 down from 6.4% in 2012.

LyrArc Article Gist
"Cancel Culture"- how Democrats and Republicans Conservatives and Liberals see the shaming of people for their views on social media- it is having accountability for some, and seen as censorship or punishment by others. Pew Researchers show the views of different people by age, gender, political affiliation, on the idea of "cancel culture." Some say does it even help doing this on a platform like social media as it tends to exaggerate and is rarely helpful to educate people and create real conversations to increase knowledge. When people are being shamed for racism or sexism, there is little idea of getting people to change or for patient forgiveness, or educating on why certain behaviours are wrong. Yale University's 58 page document on where it went wrong on "holistic admissions" and "cancel culture," is an example of how "cancel culture" when adopted inadvertently at universities and colleges across the Nation can be misguided and not result in positive actions. In the process can this denigrate the achievements of western civilization through the Renaissance of ideas, the awakening of knowledge in Europe in the 17th and 18th centuries, the Enlightenment, and the Scientific Revolution that resulted from this. Followed by the Industrial Revolution unique in Europe and the US that created the Modern World and the standards of living, of literacy, education and healthcare, and transportation we know today. This is the question Yale and other universities are asking today in 2026. ...

LyrArc Article Gist
Captain Kylian Mbappe of French Bleus team and coach Didier Deschamps in World Cup Soccer 2026- Kylian is only 2 goals behind Miroslav Klose's 16 goal record in World Cup competition after his 2 goals in the 3-1 win over Senegal. How does the 57 year old manage a player like Mbappe? Didier Descamps says his experience helps and he lets Kylian be Kylian, but also shields his players from all the media attention so as not make it a distraction. “My priority is to protect my players.” About his style as a coach he says- “I speak to [Mbappé] very often and he’s a world-famous player even in the US but it’s his life. He manages himself. Kylian is Kylian. The younger generation, the less younger, love him everywhere in the world, but that doesn’t mean he’s not normal when he plays and when he’s in the group. This has got nothing to do with why he is not here today.” (referring to a pre-game discussion with reporters). Kylian has stood up for the children growing up in the suburbs of Paris in working class suburbs in densely built housing and talked about how the game of soccer has offered them a window to the world. And about his personal experience -the dignity of soccer and the dignity of the players. ...

LyrArc Article Gist
A music enthusiast who played in a rock band, before studying political science at the University of Hanover, and running for parliament, Lars Klingbeil comes from humble roots in Saxony. He led the campaign which brought the SPD Social Democrats to power in 2020 federal elections, and also into an election where the SPD secured only 16% of the vote a new low in 2025. Klingbeil comes as much of a surprise in the way his amiable manner and personality convinced the CDU leader Merz to give him the Finance Ministry as well as the support for major investments in the German economy. This was a goal the SPD failed to accomplish under Scholz with his Finance Minister from the FDP Christian Lindner blocking investment plans for 4 years. The frustration in the SPD is intense and Klingbeil and Merz coming together on borrowing and massive investments in infrastructure and defense is something of a miracle after the Merkel years and the constitutional brake she put in place on spending.  Right from the start the SPD and the CDU realized that this was their last chance as Merz put it to get things right before the far right or some other party took over. Problems that require investment- in crumbling infrastructure and obsolete transportation, lack of investment in IT, problems in childcare and in cost of living could not be postponed. Risks had to be taken, and the 28% of the vote CDU had needed the 17% of the vote of the SPD with the Greens 12%, total 57% of the 2025 vote, to act fast and decisively. ...

LyrArc Article Gist
Dipti Deshpande writes in the Economic Times that how India's economy recovers depends a lot on how well the government tackles the problems of vaccine supplies, vaccination staff and incentives for vaccination to the public, vaccination logistics, and vaccination skepticism. Vaccination plays a large role in the reduction of fear and permits resumption of normal activity as seen in the US, UK and France. Government education of the public on vaccine safety should be conducted on an organized basis across the country starting now for the gaol of vaccinating the entire population by December 2021. In the 200 days remaining in 2021 the government would have to administer over 1000 million doses or at the rate of 5 million doses a day just for the single dose population, with the second dose meaning additional supplies and logistical effort, organized health staffing, all to be organized.  The thrust of this article is that the economy and especially laggard sectors such as services would gain a fully powered recovery if the problems of vaccine supplies and vaccination drives are resolved early with preparation, lessons learned, and proactive action all taking place immediately. The period after the decline in cases to below 50,000 a day which is fast approaching for India is one that needs to be used to take deep yogic breaths, and prepare the Indian mind for the next challenge for government and nation.   ...

LyrArc Article Gist
Cloud computing is a growing $300 billion business, with Amazon a key player having 28% of the market. It competes with Google and Microsoft in cloud computing. Andy Jassy has built the cloud computing business with $51 billion in sales. It generates 10% of sales in the final quarter of 2020 for Amazon but over half the profit. Renting out server space and software to customers is a profitable business compared to online retail. Sales of $12.7 billion in the final quarter of 2020 generated $3.6 billion in profit. And growth a brisk 28% over the prior year quarter.

Satya Nadella ran the cloud computing business at Microsoft before becoming CEO. IBM named a new CEO from this business that revived growth. Now Andy Jassy is promoted to CEO at Amazon in the sequence of new CEO's from cloud computing.

LyrArc Article Gist
Figures from the Labor Department show the unemployment rate in the U.S. unchanged for June 2012 at 8.2% and job additions of only about 80,000.

LyrArc Article Gist
Zynga's losses and a 39% drop in share price in July 2012.

LyrArc Article Gist
Issuance of junk bonds in 2012 reached $274 billion in 2012, an increase of 55% over 2011, according to Dealogic. This is double the levels observed before the financial crisis of 2008. Yields on low rated junk bonds have declined to about 6% as prices move up. Also observed is an increase in covenant lite corporate loans. These types of loans relax lending standards- this increased from $8.5 billion in 2010 to $36.5 billion 2011, and $58 billion in 2012, according to Dealogic. This has drawn the attention of Fed Governors Jeremy Stein and Richard Fisher of the Dallas Fed, who have raised a warning about the rapid increase in credit and financial risks.

LyrArc Article Gist
VW brings back the Scout brand to the US adding it to VW and Audi brands. VW will invest $1 billion initially to manufacture the Scout EV vehicles in the US with additional investments after preparing the ground for the manufacturing plant. VW acquired the Scout brand name with its acquisition of Navistar in 2020. Navistar was created in 1985 from the International Harvester Company which went out of business.

LyrArc Article Gist
Plans of the Biden administration to bring back workers to the workforce in 2023 by increasing worker benefits. The place seen where America is lacking is participation of younger women in the workforce and older people who chose to retire during Covid. Increasing child care and benefits for child care is one line of action. Other approaches are being explored by Brian Deese of Biden's National Economic Council.

LyrArc Article Gist
The effort by prime minister Modi under Rozgar Mela to create 1 million new jobs in 2023 to mitigate the effect of the lockdowns during the pandemic and its effects on jobs. 71,000 new job appointment letters were given in a virtual event. Modi emphasized that "transparency in recruitment and promotion inspires confidence in the youth."  He called the process streamlined and time bound to demonstrate good governance.

LyrArc Article Gist
The 2018 Supreme Court decision allowing sports gambling and betting has serious negative consequences for sports in America by 2024. So much so that the NCAA president Charlie Baker has called for a nationwide ban on the bets on the performance of college athletes. WSJ says a nightmare scenario emerged from the experience of Los Angeles Dodgers baseball player Shohei Ohtani and the betting scandal related to his interpreter.

LyrArc Article Gist
China has made an astonishing turn away from covid restrictions. Yet this comes after three years that hurt growth which will affect the recovery says this column in WSJ. China is looking for 5% growth in 2023. Problems in the way are a public affected by the lockdowns, a covid surge, housing that will take time to recover, and diversification by Foxconn and other companies away from China to India, Vietnam.

LyrArc Article Gist
Overdevelopment of the office market in Dallas, Houston, and Austin, cities in Texas, presents a problem in combination with the increase in remote work. The office vacancy rate in Texas is 25% in the third quarter of 2023, according to Moody's Analytics, compared to 12% for New York and 17% for San Francisco. The oversupply of buildings for office space was decades in the making, says WSJ.

LyrArc Article Gist
Boeing reports a third annual loss in a row. As production problems and delivery delays for the Dreamliner 787 Boeing cost an additional $4.5 billon in the final quarter of 2021. Of this $3.5 billion is to compensate customers for the delays, and abnormal production costs forecast to be double than earlier estimated. Boeing expects deliveries to start in April and sees losses as behind it once deliveries start.

LyrArc Article Gist
The Lula government in Brazil gets off to a good start. The economy grows by 1.9% in the last quarter and growth is expected to be 2.5% for 2023. New budget rules passed the conservative Congress providing funding for infrastructure and social programs. Brazilian cooperation makes it possible to add Argentina to the BRICS membership at the recent BRICS meeting in Johannesburg. Brazil also attended the recent G-7 meetings.

LyrArc Article Gist
The BBC shows pictures of the blue supermoon from different parts of the world including Brazil, Israel, Japan, Russia, US, England. It is a unforgettable sight in the night sky that people all over world were able to see on August 30, 2023. This one is over an old fort in Israel. Other pictures show it with a flower in Srinagar, India, and spectacular over the ancient temple of Poseidon in Greece.

LyrArc Article Gist
Huge orders made in 2023 for new planes from Boeing and Airbus now place India in the top ranks of the world civil aviation market. A large growing middle class is using air travel for business and tourism. The government is investing billions of dollars to build new airports in smaller and midsize cities in addition to Mumbai, New Delhi, Bangalore. A new aircraft industry is also coming up in Gujarat state.