LyrArc Article Gist
David Reilly says the Fed's response to the large volatility in the stock market after the credit downgrade of the U.S. to AA+ makes sense. The Fed's Open Market Committee voted 7-3 on August 9, 2011, to keep interest rates exceptionally low till mid-2013. With credit markets working and the financial system having sufficient liquidity the Fed did not need to take drastic action. Coming only a short period after the end of QE II, a QE III could be seen as an over-reaction. Another reason for the Fed's action- more pressure was needed for the U.S. government and Congress to shoulder responsibility for the economy. In an earlier statement the Fed had pointed out that the Fed by itself can only do so much and this is consistent with that thinking. There are important headwinds from housing, large consumer debt, deficits, and high unemployment that the Fed alluded to in that statement that will take time to reverse with policy action on several fronts over a longer period. In the speech made on June 6, 2011, U.S. Federal Reserve chairman, Ben Bernanke, said "monetary policy cannot be a panacea."...

LyrArc Article Gist
Enabling access to broadband to millions of people in developing countries that lack this access is the next goal for Facebook. Facebook embraced open source software and it is relying on open source technology, including its own as open source, as a way to reduce the cost of building and operating the world's telecommunication networks- an operation that costs $150 billion a year. This will put pressure on telecommunications providers such as Ericsson to cut costs. Nokia has joined Facebook in the Telecom Infra Project or TIP, a Facebook initiated group that has set as its goal cutting telecom costs. Some of this is to be seen at Facebook developers' conference with open source efforts such as urban wireless network that checks performance 125,000 times a second, and a long range wireless system that can send a gigabit of data a second, according to Facebook.

LyrArc Article Gist
Glaxo tries new approaches of open-source development to R&D for a malaria drug. Glaxo will now share this data on 13,500 chemical compounds that inhibit malaria in its database with volunteer researchers from outside.

LyrArc Article Gist
Psychologically richer lives from new experiences that offer fulfilling life experiences and add to the joy of life. Travel, meeting interesting people, reading books open up our imaginations to new possibilities and enrich our lives in different ways that staying in one place does not. It involves taking some risks to make life interesting and meaningful, being curious about things and the world around us.

LyrArc Article Gist
Chinese leader Xi Jinping .at APEC Summit in Gyeongju and meeting DJT in Busan, South Korea, October 30 2025. At the Summit and in meeting with DJT temporary trade arrangements with US and concerns expressed by Japan's PM Sanae Takaichi. The US, China and Japan are in a delicate diplomatic effort to continue working with each other till issues are resolved.

LyrArc Article Gist
Dubai Aerospace Enterprise's takeover bid for Auckland International Airport.

LyrArc Article Gist
Speech by European Union President von der Leyen on her visit to India and signing Major Partnership Agreement : ‘The Consequential Partnership: Reimagining and realigning EU and India ties for today's world'-   "This world is fraught with danger. But I believe this modern version of great power competition is an opportunity for Europe and India to reimagine their partnership. In many ways, the EU and India are uniquely placed to respond to this challenge together. India is the largest democracy and soon to be in the top 4 of the world's largest economies. It is the leading voice of the Global South. Europe is a unique cross-border democracy and open economy. The largest trading partner for some 80 countries around the world. But this partnership makes sense not only because of our shared values or our close ties. Or even because of our respective geographies, demographies or economies. But it is because our interests in this hyper-competitive world align more often than not. We both stand to lose from a world of spheres of influence and isolationism. And we both stand to gain from a world of cooperation and working together. Because we can offer each other distinctive alternatives and tools to make ourselves stronger, more secure and more sovereign in today's world. The kind of offer that cannot really be replicated by others. This is why the EU and India have the potential to be one of the defining partnerships of this Century. And it is why it will be a cornerstone of Europe's foreign policy in the years and decades to come. So, I want this visit to be the start of this new era. Prime Minister Modi and I share the same view. It is time to take our EU-India Strategic Partnership to the next level. For our own security and our prosperity. For the common global challenges that we face. And for the benefit of our respective regions and our partners around the world." ...

LyrArc Article Gist
In some areas of Germany ICU capacity is just 5 to 10% open ICU beds.

LyrArc Article Gist
NYT's Futterman looks at Spain's Carlos Alcaraz's rise from being in the top 100 players in 2021 to winning the US Open in 2022 and expected to win the French Open in 2023 on clay courts. His father is a nationally ranked tennis player from Spain. Looking at the calm attitude and confidence shown this relates to being surrounded by tennis enthusiasts including a local sponsor at company Postres Reina and its owner Lopez Rueda. Alcaraz's grandfather setup red clay courts in La Palmar, a private club in the Murcia region of Spain. This provided a setting in which this family thrived in developing the game to a higher level.

LyrArc Article Gist
China's president Xi Jinping visiting a trade fair in Shanghai, says China will shift to larger imports as it responds to calls from the U.S. and Europe to further open its markets, and buy more rather than focus on selling to the world. He said "it is China's sincere commitment to open the Chinese market." More than 80% of China's trading partners have trade deficits with China with severe complaints and tariffs imposed on Chinese goods by the U.S. president Trump.