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BBC News Original article ›
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The effects of loneliness during the lockdown period and various ways in which people learned to cope with it- including cultivating positive feelings of hope and better times ahead. This includes overcoming social conventions and talking about things to oneself and others that acknowledge what is happening and how efforts can be made to cope with it and move forward. A doctor in Barcelona says on BBC television that most healthcare workers are coming out of this crisis in hospitals with feelings that have not been acknowledged and sometimes just avoided for lack of time. She says talking about it, even with the BBC and others helps bring things out in the open, hidden feelings acknowledged and expressed so that one can emerge whole out of this experience. Though much of this article is about climate change the efforts to express feelings are now even more urgent for people in health care and people who live with them. 

The New York Times Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Washington Post Original article ›
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Gates experience one rainy night in March, at Dover Air Force Base in Delaware, welcoming 4 dead soldiers who lost their lives to a roadside bomb on a rutted road near Jalalabad, Afghanistan, provides an insight into what he sees as important for the US military. One is to address the realities of the war that is facing the US in the now, not some theoretical conventional war as the Pentagon is overly focused on. This war is fought in insurgencies in Iraq and in the Pakistan-Afghanistan area. And even the takeover of nuclear weapons by Taliban, is not ruled out with the collapse of the government in Pakistan. So he sees reason for doing things quickly. At Dover that night, Gates expressed his anger to his staff, "find out why they had'nt gotten their goddamn MRAP's yet (Mine Resistant Ambush Protected Vehicles). Gates went into the 747 carrying the draped coffins, and knelt alone and prayed for 5 minutes. Gates was President of Texas A&M University, before he took the assignment at Defense during the last 2 years of the Bush administration. He knows the ways of the bureaucracy, and is a persistent and effective when faced with lack of cooperation and delays. When the field commanders in Afghanistan said they needed 40 Predator combat air patrols instead of the 12 they had, Gates went around the bureaucratic delays and had his task force set up and and doing problem solving down to details. They went about getting more flying time, and pilots, and control stations in the air force to support this. He keeps presentations limited to 45 minutes, and inists all slides be turned in the day before, for him to look over carefully. And he is decisive in making changes. The Army Secretary was asked to come to Washington immediately, and fired on the spot, not Gates says for the appalling conditions at Walter Reed Army Hospital, but for not acknowledging that problems existed and taking quick action to fix them. And Gates is using the 2010 Defense budget to steer away from large scale conventional weapons programs, and get more money for the immediate needs of the field commanders in the wars being fought today. He makes it clear in talking with lawmakers, that "listening to our troops and commanders, unvarnished and unscripted, has from the moment I took the job been the greatest single source of ideas on what the department needs to do." In doing this he has to face up to the bureaucracy and set ways of doing things at the Defense Department, things that were never questioned under his predecessor Rumsfeld. In 2008 the generals who run the Army, Navy, Air Force, and Marine Corps formally "non-concurred" with the classified version of Gates's National Defense Strategy, which said it was necessary "to take additional acceptable risk" in the area of conventional war so that the military could improve its ability to fight irregular wars. Gates met with all the defense chiefs to listen to their objections, and decided to draw his own conclusion after thinking it over, that the reasons given "were non-compelling," considering the grave dangers that the military was facing in existing wars. Gates is convinced that its his job to give the troops in the field the equipment and resources they need, and he is not letting the military brass or officials block the way. He does not let the criticism affect him. Gates is very quiet when he listens to arguments presented on the other side that he does not share, responding in a thoughtful and controlled manner. Last week, Jaffe of the WPost says, Gates flew to Afghnistan to ask for the resignation of Gen McKiernan the field commander there, a man he had chosen 11 months earlier, but now felt was the wrong man for the job. During this trip he visited a new base being built in southern Afghanistan, and met four marines whose MRAP vehicle took the blast from a roadside bomb, all survived with minor scratches and injuries, and one broken arm. Gates was mightily pleased. ...
Washington Post Original article ›
Wall Street Journal Original article ›
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Jack Welch, former head of GE (General), says there is something that does not add up in the Labor Dept numbers for unemployment in Sept. 2012 showing that the unemployment rate declined from 8.1% to 7.8%, because experts estimate the economy has to generate more than 150,000 jobs each month just to keep up with population growth. The number of jobs generated for 2012 are lower than this number. Another measure of unemployment which shows the underutilization of labor in America, which the U.S. Federal Reserve's Bernanke looks at because it is ameasure of how effectively the U.S. is using the productive resources of the country, is U-6. U-6 covers people in parttime jobs who cannot find full time jobs and this has remained unchanged at 14.7% for Sept. 2012 according to the Labor Department.
Wall Street Journal Original article ›
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Losses of about 75% of production at some textile plants in Pakistan from severe electricity shortages. Demand outstrips supply by a huge margin. The Ministry of Power estimates demand at 18,0000 watts for a country of 180 million and supply is only 12,000 megawatts. There is a electricity crisis in Pakistan. The first priority of prime minister Nawaz Sharif is to get electricity production up significantly. This means textile plants cannot operate, fans can't operate in the heat of the summer months, and children cannot do homework because of lack of lighting, the whole country and people suffer from the lack of electricity.
The New York Times Original article ›
Washington Post Original article ›
WSJ Original article ›
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Trofimov of the WSJ gives exceptional insights into Iraq in 2017 under prime minister Abadi. Iraq he points out survives as a democracy under Abadi with free elections unlike most of the Middle East. Even pro-Iranian militia leaders who fought U.S. troops are willing to concede that after many mistakes by the U.S. in the region there is hope and the U.S. action led eventually to this positive outcome.  Under prime minister Haidar Abadi Iraq has an opposition with TV channels opposed to the Abadi government freely operating. Abadi is a British educated engineer and says here that he believes in a multi ethnic democracy for Iraq. He was chosen to replace the openly sectarian government of Nouri Makliki which led to the loss of parts of Iraq to Islamic State. With that part of the conflict coming to a close and Iraq regaining most of what was Iraq before the conflict Mr. Abadi's stature has risen. Abadi says he will bring all pro-Shiite militias under government control. The lessons of the last couple of years, the failures of sectarianism under Maliki leading to the rise of Islamic State are not lost on the Abadi government. It is taking steps to maintain friendly relations with Turkey and Saudi Arabia, and present a multi ethnic image. Abadi and Maliki both are from the Shiite Daiwa party. During the recent dispute with the Kurdish government of Mr. Barzani, the legitimacy of a democratic government played a role in winning over Kurdish politicians so that control of the oil rich province of Kirkuk was reclaimed by the central government. Mr. Barzani was seen as overstaying his term by 2 years. This has further increased the credibility of the Abadi government. Particularly as it lets a free press and freedom of expression operate in Iraq through the media and respects this. Abadi says: "We suffered a lot under a dictatorship. We should never allow dictatorship to come back." New elections are to be held in Iraq with Mr. Maliki representing other parts of the Daiwa party, elections in Kurdistan region with politicians opposed to Mr. Barzani taking part, and in other parts of Iraq. Iraq's democracy is still struggling, but there is hope if the lessons of recent years of sectarianism are not lost for the leaders and peoples of Iraq's different ethnic regions. Just as Iranian election gave a new term to the moderates under prime minister Rouhani there is a sense that the elections will do the same in Iraq. Rouhani won 57% of the vote with 23 million votes to 38% for the other candidate Mr. Raisi who won 15 million votes. Except for the eastern part of the country Mr. Rouhani prevailed in all the provinces of Iran.  ...
New York Times Original article ›
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Economist Original article ›
New York Times Original article ›
Washington Post Original article ›
LyrArc Article Gist
Pearlstein says the major news stories of today all are about the same theme- of how the US was encouraged to live beyond its means by trading partners who prospered as this went on, with the tacit agreement of financial and political leadership in the US who raised no alarm about this. These stories are: the G-20 meeting in South Korea with the goal of rebalancing the world economy, the President's Deficit Commission Report recommending bold steps in changing the tax and spending policies of the US, the criticism of the Fed's decision on $600 billion of quantitative easing, and the renewed concerns about Ireland where severe cuts in public spending have failed to reverse a downward slide.These trading partners prospered by lending Americans the money to consume more than they produce. It was he says a wonderful arrangement while it lasted, because it helped bring millions out of poverty in Asia, while letting Americans enjoy a transitory period of a higher standard of living. This unsustainable arrangement converted the US from world's biggest creditor nation after World War II to the world's bigggest debtor nation. He credits Geithner for coming up with a more convincing and less confrontational way to correct the imbalances by setting limits on the deficits and surpluses of trading nations. He points out that the Chinese have barely budged on the issue of an undervalued currency, the world be damned. And the German and Chinese criticism rings hollow he says, as both countries are the main beneficiaries of the current system. The normal mechanism of correcting imbalances with a floating rate exchange system is hardly relevant, as it is incompatible with state run economy and strategy of export growth of China. Erskine Bowles and Alan Simpson have presented he says a bold deficit reduction plan that is credible, fair, economically sound. Even though it was received with the usual complacency and lack of awareness both in the media and in Congress. The simple reality after all the awfully complicated details and the painful implications is this: Americans have to consume less and produce more, and trading partners have to consume more and produce less. And this shift cannot be pushed into the future as our trading partners would like....
Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
ECB president Draghi reiterated the ECB's committment for 2015 to support the eurozone economy to bring inflation to the 2.0% level. For the eurozone annualized inflation declined to 0.4% in Oct. 2014, and growth in GDP declined to 0.6% annualized rate in the 3rd quarter 2014. Financial markets responded favorably to Draghi's comments before the European parliament: "We need to remain alert to possible downside risks to our outlook on inflation, in particular against the backdrop of a weakening growth momentum and continued subdued monetary and credit dynamics." He added: " If necessary to further address risks of too prolonged a period of low inflation, the governing council is unanimous in its committment to using additional unconventional instruments within its mandate." To skeptics citing the low growth issues, Draghi said the monetary policy of the ECB has been "extraordinarily successful," pointing to the low bond yields for Spain, Italy and France. He emphasized "we need time for this monetary stimulus to go and carve its way through the economy."...
Washington Post Original article ›
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R.J. Barrett, Lieutenant junior grade Navy Reserve, his poem on New Year's Day 1975 on board the USS Coral Sea, Subic Bay- chosen from The National Archives by Captain Sam Tangredi.  "Our shipmates all have gone ashore, At twelve o’clock we heard the roar. So far away and yet so near;  Moored starboard side to Alava Pier. Lines 1 and 9 are strung out tight  The head and stern wires are set just right. The standard moor doubled is what you’ll see, As you walk along checking good ’ole 43. The commander of 7th Fleet’s carrier striking forces embarked aboard, Rear ADM D.C. Davis is the gentleman’s name. Down in the hole the snipes are doing fine Only IC boiler is in on the line. Five fire pumps are lit off and readyD.C. reports secure; water pressure steady. Shore cables fore and aft from the pier do reach In the harbor with us there’s quite a crowd A fleet to make any commodore proud The DESRONs and amphibs are represented well. Some of their names I’ll try to tell.Rathburne, Reasoner, Whipple, and Cook  Are all settled in and have grabbed a nook Knox and Stoddert are nestled in too, But that’s not all; these are just a few. Also in sight from the Coral Sea Are Dubuque, Vancouver, and the Tripoli. Peoria and Thomaston are also around. Some pretty fine vessels pound for pound. Taking one last look around the bay, There’s the Camden, Haleakala, and San Jose. Long Beach and Enterprise, make a special mark  Who could miss their shape, even in the dark? The Gurnard, Reclaimer, and the Grayback Are all included, though good rhymes they lack. And because soon I’ll be retiring aft. I’ll just say “and various other yard and district craft." With all this done, though before the watch’s conclusion I must record my New Year’s resolution. If any lesson over the past year has been learned, This single one, into my mind has been burned. As I stood here thinking of things to say, Twisting verse in every which way, I vowed to myself, if ever I did, That I’ll never volunteer for the New Year’s mid Sam J. Tangredi from the US Naval War College in Newport, Rhode Island pulls out these poems from the National Archives which shows ship's logs and poems written on Navy warships in a regulated formula in standardized form. The entries are in strict official form about condition at sea, speed, mooring lines if in port. In the first entry on January 1 tne US Navy makes an exception as it is in poetic form. In 2020 the Naval History and Heritage Command revived the poetry contest. ...
Economist Original article ›
LyrArc Article Gist
The Economist warns in this editorial and cover issue that if Germany and the European Union do not act fast the Greek crisis could have a Lehmann like effect on Europe's banking systems, with a sovereign default. This would threaten the weaker economies of Portugal, Spain and Italy. As Simon Johnson has done on the pages of the New York Times, the Economist calls the German government and Chancellor Angela Merkel's handling of this crisis filled with ineptitude. Instead of leading the German people and giving a true account of things she followed public opinion- to see that Greece was punished for its mistakes and to provide a lukewarm show of support. A true account would have shown how Germay has gained from the euro, the huge portion of Greek debt that German banks hold, and the losses that the government would have to step in and avert in its banking system if Greece defaulted. Waiting till after a big regional election in Germany on May 9, was to show a lack of grasp of how such a crisis could explode if Greece in the meantime was shut out of capital markets (yield on Greek bonds shot up to 20%). Helping Greece was more in Germany's interest than an act of charity that public opinion in Germany seems to think it is. Other mistakes the Economist cites are- the idea that going to the IMF would be humiliating thus not bringing in the IMF actively much earlier. In the view of these experts it is the ineptitude that led to the loss of confidence in financial markets that now necessitates a much larger aid package for Greece, from $60 billon to $150 billion. The other is to have a slow decision making machinery in the Eurozone and knowing this not to have taken more aggressive action. Suggestions from the Economist as an adhoc measure- set up a single crisis management committee to make quick decisions. Set up a firewall between Greece and the other states like Spain and Italy so that contagion does not spread, with these countries also being shut out of financial markets at some future date if the situation deteriorates. The other is that the European governments should setup inter-governmental liquidity lines, and the European Central Bank act using the new arrangements....
Wall Street Journal Original article ›
LyrArc Article Gist
What will the E-Book do to bookstoreslike Barnes & Noble? This is a question that investors like Burkle, who owns 20% of Barnes & Noble, and Mr. Riggio who owns 31%, are facing. Apple's IPad is expected to sell 5.5 million units in 2010, Amazon's Kindle 3 million, and Barnes and Noble's Nook 1 million units. Barnes & Noble invested early on in a handheld device called the Rocket eBook reader with its investment in NuvoMedia in 1998. But pulled out of the eBook business in 2003. The problem at the time was the lack of enough titles to arouse reader interest and the high prices-$20 per eBook vs $25 for a hardbook. This move proved costly when Amazon launched its Kindle in 2007. Amazon now has 70-80% of the eBook buisness, with Sony, Kobo, and Barnes and Noble competing for the remaining share. Riggio bought the first store for Barnes & Noble on New York's Fifth Avenue in 1971. He promoted superstores with huge selections (over 100,000 titles) and built up a chain of 719 stores in ensuing decades. Now he faces a new reality in the arithmetic of eBooks which could remake this business. Apple set a new method for pricing eBooks that affects booksellers. Publishers and Apple set up a model that gives the publisher 70% of the eBook digital price. EBook sellers act as agents in this approach, and they get 30%. Best sellers sell for $9.99 but other books can be $12.99 or $14.99. Now the digital bookseller gets 30% of $12.99. And as it hasn't paid anything its more advantageous and profitable. This works for publishers and digital booksellers but Barnes and Noble was used to getting much more than $3.90 when it sold a $25 hardcover book. If eBook sales climb to become a quarter or more of total book sales by 2012 then it will lead to a decline in sales revenues for Barnes & Noble. With eBooks costing half of the hardcover prices in brick and mortar retailers the trend is irreversible. To address this trend Barnes & Noble has hired a digital expert Mr Lynch as CEO, and the strategy is to combine the retail presence and customer physical contact in brick-and-mortar stores with eBook retailing, to come up with an answer to this tidal wave of change in book retailing. ...
Wall Street Journal Original article ›

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