LyrArc | World News Insights: 1-3 Minute Gist

Browse Articles or use Lyrarc's US patented "Groups" and "Links" for new insights. A Lyrarc Group of Articles on a topic gives insights into particular angles shown in the Group Title. A Lyrarc Link shows more specific insights for 2 articles.

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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.

U.S. Oil Boom Falls Short of Pump

12 Groups

Wall Street Journal - 10.14.2012 Original article ›

Liam Pleven, Liam, Pleven, Gregory Zuckerman, Gregory, Zuckerman

LyrArc Article Gist
Because most of the increase in U.S. oil production is in landlocked states in the U.S. midwest without easy access to markets in coastal cities, the lower prices of West Texas Intermediate (WTI) crude benefit refiners in the midwest but do little to lower pries of gasoline at the pump.

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ZTE to Post Third-Quarter Loss

1 Groups

Wall Street Journal - 10.14.2012 Original article ›

Wsj Online, Wsj, Online

Sprint Agrees to Sell Majority Stake to Softbank

New York Times - 10.14.2012 Original article ›

Michael J. De La Merced, Michael, J., De, La, Merced, Neil Gough, Neil, Gough

LyrArc Article Gist
Sprint's agreement with Softbank to sell a 70% stake to Softbank for $20.1 billion. Sprint has lagged behind Verizon and At&T in offering Long Term Evolution, or LTE, data service. It is struggling with $21 billion in debt and needs the additional investment to support investment on the next generation technologies. Softbank was working on reducing debt estimated at $13 billion and building its LTE network in Japan. The deal for Sprint Nextel therefore comes as a surprise with the additional debt Softbank is taking on, even though Masayoshi Son, the CEO of Softbank, is known for taking on large deals. Softbank shares declined 17% after the first information came out and have dropped an additional 5%. Sprint shares were up 14%.

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Cornell Unveiling Plans for Roosevelt Island Tech Center

New York Times - 10.14.2012 Original article ›

Sarah Maslin Nir, Sarah, Maslin, Nir

Jihadists Receiving Most Arms Sent to Syrian Rebels

8 Groups

New York Times - 10.14.2012 Original article ›

David E. Sanger, David, E., Sanger

LyrArc Article Gist
Questions being raised about the Obama administration's approach to the war in Syria.

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How U.S. business can win against China - The Washington Post

17 Groups

Washington Post - 10.14.2012 Original article ›

Richard D'aveni, Richard, D'aveni

Booming banks say consumers may not see lower mortgage rates - The Washington Post

5 Groups

Washington Post - 10.14.2012 Original article ›

Danielle Douglas, Danielle, Douglas

In Spain, separatist fever rises in time of crisis - The Washington Post

4 Groups

Washington Post - 10.14.2012 Original article ›

Edward Cody, Edward, Cody

Forget the fiscal cliff: U.S. has other possible economic threats looming - The Washington Post

14 Groups

Washington Post - 10.14.2012 Original article ›

Zachary Goldfarb, Zachary, Goldfarb

LyrArc Article Gist
Goldfarb says everyone is focussed on the "fiscal cliff," yet there are other issues which when put together could lead to a drop of 1 percentage point in growth and add a million people to the jobless. The temporary payroll tax cut for 160 million workers was setup in Dec. 2010. The payroll tax which funds Social Security is 4.2% since then, down from 6.2%, adding about $1000 for the average family to spend. The unemployment insurance benefits which expire for millions of people will also have an impact. As will the $60 billion in spending cuts on domestic and defense spending under an agreement made in the summer of 2012.

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Original article 6 minutes, gist 1 minute

Shut up and play nice: How the Western world is limiting free speech - The Washington Post

1 Groups

Washington Post - 10.14.2012 Original article ›

Jonathan Turley, Jonathan, Turley

Win or lose, Paul Ryan is likely to have a big role in GOP’s future - The Washington Post

12 Groups

Washington Post - 10.14.2012 Original article ›

Felicia Sonmez, Felicia, Sonmez, Karen Tumulty, Karen, Tumulty

George Will: Too big to maintain? - The Washington Post

6 Groups

Washington Post - 10.14.2012 Original article ›

George Will, George, Will

LyrArc Article Gist
George Will describes the views of Richard Fisher, president of the Federal Reserve Bank of Dallas on "too-big-to-fail" risks in the U.S. banking system.

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Original article 4 minutes, gist 1 minute

Upheaval Grips South Africa as Hopes for Its Workers Fade

5 Groups

New York Times - 10.13.2012 Original article ›

Lydia Polgreen, Lydia, Polgreen

Glenn Hubbard Is Romneyâs Go-To Economist

4 Groups

New York Times - 10.13.2012 Original article ›

David Segal, David, Segal