LyrArc | World News Insights: 1-3 Minute Gist

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LyrArc brings in selected articles from many of the world's top publications.

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Stark Scenario: Resignation Spurs Germans' Euro Fears

4 Groups

Wall Street Journal - 09.10.2011 Original article ›

Marcus Walker, Marcus, Walker

LyrArc Article Gist
Though the German public opposes a "transfer union," bailouts of EU countries, and fear a weakening of the euro, there is also support for the European Union. Most of Germany's political leaders and business elite see the euro as good for Germany. And nearly two thirds of Germans agree that Germany can only prosper inside a strong EU, according to the ARD poll. Yet the same proportion of Germans oppose bailouts of troubled countries such as Greece. This suggests that the way forward will have to be the development of mechanisms that ensure fiscal discipline throughout the EU to back up the euro currrency, and agreement on enforceable sanctions.

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Stark Walked a Fine Line Between German and EU Monetary Cultures

1 Groups

Wall Street Journal - 09.10.2011 Original article ›

Geoffrey Smith, Geoffrey, Smith

Atta's Sister Won't Dwell on 'Why'

3 Groups

Wall Street Journal - 09.10.2011 Original article ›

Matt Bradley, Matt, Bradley

When the Towers Came Down

1 Groups

Wall Street Journal - 09.10.2011 Original article ›

John Bussey, John, Bussey

Treasury Weighs New Tax Scheme

1 Groups

Wall Street Journal - 09.10.2011 Original article ›

Damian Paletta, Damian, Paletta, John D. Mckinnon, John, D., Mckinnon

Banker's Exit Rattles Markets

1 Links 5 Groups

Wall Street Journal - 09.10.2011 Original article ›

Brian Blackstone, Brian, Blackstone

LyrArc Article Gist
ECB's German representative and chief economist Jurgen Stark resigned from the ECB's Executive Board to express his opposition to ECB bond purchases of sovereign bonds of Greece, Spain and Italy. This follows the resignation of Axel Weber as head of the Deutsche Bundesbank in June 2011, who raised similiar concerns. The concern is that the ECB is exceeding its charter by buying sovereign bonds, taking on a political role and adding new risks. Stark wrote in an op-ed in the German newspaper Handelsblatt- as government efforts so far have failed, "far-reaching reform of the mechanism for decisions and sanctions is needed... We find ourselves in a situation in which massive sustainability risks in public budgets are eroding financial stability."

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After the Fall, World Trade Center Rises as Memorial and Workplace

1 Groups

Wall Street Journal - 09.10.2011 Original article ›

Eliot Brown, Eliot, Brown

F-16 pilot was ready to give her life on Sept. 11 - The Washington Post

1 Groups

Washington Post - 09.10.2011 Original article ›

Steve Hendrix, Steve, Hendrix

LyrArc Article Gist
Lt. Heather Penney at Andrews Air Force Base on the day of 9/11. She was on a runway at the airbase ready to fly an F-16 fighter plane with orders to bring down United airlines Flight 93.

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Original article 6 minutes, gist 1 minute

The covert commander in chief - The Washington Post

3 Groups

Washington Post - 09.10.2011 Original article ›

David Ignatius, David, Ignatius

Ten years after Sept. 11: The gains outweigh the mistakes - The Washington Post

3 Groups

Washington Post - 09.10.2011 Original article ›

Editorial

Ten years after 9/11, we’re still in the dark - The Washington Post

3 Groups

Washington Post - 09.10.2011 Original article ›

Omar Ashmawy, Omar, Ashmawy

LyrArc Article Gist
Omar Ashmawy was an Air Force officer and a war crimes prosecutor at Guantanamo Bay. He moans the fact that 10 years after 9/11 there is the same lack of knowledge and understanding of the Arab world, its language, culture and history. This showed in the surprise with which the movement for democracy and self-expression in Arab countries was received in the U.S. He points to the lack of language and cultural training in the military 10 years after America fought 2 wars in the Arab world and now finds itself thrust into the events of the Arab Spring. He says this is a weakness that really hurts America in coming up with productive interaction and partnership with people in the Arab and Muslim world. That productive interaction requires an insightful understanding of their needs and aspirations, and their own unique problems and history.

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Original article 4 minutes, gist 1 minute

An America that no longer knows itself - The Washington Post

Washington Post - 09.10.2011 Original article ›

Kathleen Parker, Kathleen, Parker

Sept. 11’s self-inflicted wounds - The Washington Post

2 Groups

Washington Post - 09.10.2011 Original article ›

George F. Will, George, F., Will

LyrArc Article Gist
George Will contrasts the commemoration of the 10th anniversary of 9/11 in the U.S. with much media attention to the one paragraph mention on the front page of the New York Times in 1951 of the 10th anniversary of Pearl Harbor. The negotiations to end the Korean War were covered on the front page of the Washington Post. With the crises in postwar Europe and Asia, the devastation of the war and the tasks of recovery ahead of Europe and Asia, there was little time for indulging in self-analysis.

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Original article 4 minutes, gist 1 minute