LyrArc Article Gist
Cuts in fuel and other subsidies and the economic changes in Iran in 2011.

LyrArc Article Gist
The last minute efforts by Boehner and Reid to come up with their own backup plans for U.S. deficit reduction one week before the August 2, 2011, U.S. debt ceiling deadline.

LyrArc Article Gist
Gautam Adani and the development of Mundra as port, special economic zone, and location for power plants with access to coal from Indonesia and Australia. Mundra is located on the westen coast of India, in Gujarat state.

LyrArc Article Gist
The rebound in the South Flordia real estate market as the mortgage paperwork issues facing banks slows foreclsoed properties from entering the market. Buyers from Brazil are also buying up South Florida properties giving the market a boost.

LyrArc Article Gist
The U.S. Post Office is considering closing 3653 post offices mostly in rural areas.

LyrArc Article Gist
The relationship from college years at Amherst College in the U.S. of Greek political leaders Antonis Samaras and George Papandreou. The efforts to setup a national unity government that failed. The increasing support for the opposition New Democracy Party led by Samaras- with 16% unemployment- and the prospect of new elections. Samaras supports spending cuts. He also favors tax cuts, and a flat tax rate of 15% on business. Greece has a long history of tax evasion and distrust of central authority going back to centuries of Turkish rule. Samaras believes that the lower tax rate of 15% would help change the Greek cultural trait of evading taxes becaue it would be on the honor of people to pay such a basic tax. EU leaders are skeptical that lower taxes are the right policy to reduce the deficit. This adds to the political uncertainty as the new government would have to implement the measures agreed to between the current Greek government and the EU leaders. A similiar situation existed in Portugal but the recent elections there, participation of the opposition party in talks, and the newly elected government conducting its own negotiations, has removed that element of uncertainty which exists in Greece. ...