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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.

THe end of the Binge.

  
Economist - 03.31.2010 Original article ›
Economist.Com
LyrArc Article Gist
How savings habits changed from the last generation to this one. By age 45 savings rate rose sharply to about 30% of disposable income for our parent's generation. For the generation born 1955-64 savings rate remained unchanged at 10%, according to the McKinsey Global Institute. The result of the financial crisis is that credit cards are declining and savings are up. Credit cards shrank by 11% or 32 millon in 2009 according to Nilson Report.
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Original article 7 minutes, gist 1 minute

Sam’s Club Personalizes Discounts for Buyers

3 Groups   
New York Times - 05.30.2010 Original article ›
Andrew Martin, Andrew, Martin
LyrArc Article Gist
Wal-Mart's Sam's Club is tailoring promotions to individuals based on their buying history. eValues was started in August 2009. Sam's Club eValues can be seen by "Plus" members on the company website. Sam's Club executives say the response rate is as high as 20-30%. Customers say this covers a lot of items on their grocery lists. This approach to selling is called predictive analytics and involves using a lot of customer data to tailor promotions.
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Tom Keene Talks with David Stockman

6 Groups   
BusinessWeek - 08.12.2010 Original article ›
LyrArc Article Gist
David Stockman, director of the Office of Management and Budget under Reagan, is interviewed by Tom Keene. Stockman says the US has $52 trillion of debt on a $14.5 trillion economy, a ratio of 3.6 times GDP. Historically, before 1980, it has been around 1.6. This debtification of the US, he says, is the major problem facing the US today. Stockman sees little or no economic growth in the next 5 to 10 years, as debt reduction progresses.
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Original article 1 minute, gist 1 minute

Vehicle Sales Tumble in Japan

1 Groups   
Wall Street Journal - 11.02.2010 Original article ›
Yoshio Takahashi, Yoshio, Takahashi
LyrArc Article Gist
Japan's domestic sales of new cars, trucks and buses, declined by 27% from a year earlier in October 2010, according to the Japan Automobile Dealers Association. This follows a 14% fall in September 2010. Japan's government ended its subsidies for fuel efficient cars on Sept 8, 2010. And JADA expects a 30-40% drop in sales in future months. This adds to the difficulties of Japanese automakers, in addition to the problems from a strong yen.
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France's Fairy-Tale Election

12 Groups   
Wall Street Journal - 04.19.2012 Original article ›
Wsj Print, Wsj, Print
LyrArc Article Gist
This Journal editorial says both Hollande and Sarkozy fail to address the issue of competitiveness in the French economy. Much of the election campaign in April 2012 has focussed on taxes on higher incomes and too little on measures that would improve competitiveness. Some of the action taken in recent years such as raising the retirement age to 62 from 60 are being opposed by Hollande, which gives the electon a fairy tale quality says the Journal.
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Microsoft at Work on Meshing Its Products With Skype

1 Groups   
New York Times - 05.28.2012 Original article ›
Nick Wingfield, Nick, Wingfield
LyrArc Article Gist
The difficulties Microsoft is having in integrating Skype into its products even as the use of Skype increases by 26%. This is similiar to the situation EBay faced when Microsoft acquired Skype from EBay in 2011. Skype users are now estimated at 250 million Microsoft has given Skype management special autonomy with its head offices and president Bates located in Silicon Valley. Microsoft CEO Ballmer say it is importaant that Skype work well on all platforms and devices.
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Quake Damages Estimated in Billions

1 Groups   
Wall Street Journal - 03.21.2011 Original article ›
Alan Zibel, Alan, Zibel
LyrArc Article Gist
World Bank estimates are for the damage from Japan's earthquake and tsunami to cost $122 billion to $235 billion, or between 2.5% and 4% of Japan's GDP. By comparison the Kobe earthquake in 1995 cost $100 billion in damages. Growth will slow in the first half of 2011 by 0.5 percentage points, but it will accelerate in the second half of 2011. Growth will also slow in countries such as Thailand, Indonesia and Philippines which export to Japan.
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Panasonic to Cut 17,000 Jobs

8 Groups   
New York Times - 04.28.2011 Original article ›
David Jolly, David, Jolly
LyrArc Article Gist
Matsushita Electric is streamlining operations after the acquisition of Sanyo Electric and Panasonic Electric Works in 2011. Restructuring is also taking place to compete with South Korean and Chinese manufacturers, and to focus on emerging markets. The restructuring will mean 17,000 job cuts over the next 2 years. The yen has appreciated 25% against the dollar since 2008, and the Korean won has depreciated by 35% during this period, making it tougher for Japanese manufacturers to compete.
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Spain’s Unemployment Declines in 2014

4 Groups   
Wall Street Journal - 01.05.2015 Original article ›
David Roman, David, Roman
LyrArc Article Gist
Spain's statistics institute INE reports the unemployment rate declined in the third quarter of 2014 to 23.7% from 24.5% in the second quarter of 2014. Emigration declined by 21% and GDP increased by 0.5% in the third quarter 2014. Jobless claims declined by 64,405 in December 2014 to 4.45 million compared to the prior month. Job security also improved with the new contracts up by 2 million in 2014 compared to 2013, following the recent labor reforms.
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U.S. Bank Stocks Regain Their Allure

3 Groups   
Wall Street Journal - 01.06.2014 Original article ›
Alexandra Scaggs, Alexandra, Scaggs
LyrArc Article Gist
Financial firms in the U.S. S&P 500 are expected to increase 4th quarter 2013 profits over prior year by 24%, according to FactSet. Increase in long term interest rates increases the spread between short term rates that banks borrow at and the long term rates at which banks lend, easing the pressures on bank's net interest margin that were present as the Fed lowered rates. Prospects of recovery and increased lending improves the prospects for banks in 2014.
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Etihad Airways, Alitalia Near Deal

9 Groups   
Wall Street Journal - 02.02.2014 Original article ›
Roy Jones, Roy, Jones
LyrArc Article Gist
Etihad Airways is in talks to take a 49% stake in Alitalia. Air France-KLM SA did not pursue a 300 million euro fundraising rights issue and as a result its stake dropped from 25% to 7.1%. Etihad gets a presence in Europe with the stake and it is part of a strategy to take minority stakes in other airlines to feed passengers to the airline. Stakes in other airlines include Aer Lingus, Air Berlin, and Darwin Airline.
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India Takes Second Look at Airbus A380

2 Groups   
Wall Street Journal - 11.11.2013 Original article ›
Gaurav Raghuvanshi, Gaurav, Raghuvanshi
LyrArc Article Gist
Lufthansa and Etihad Airways have asked for permission to begin Airbus A380 flights into India. India is a major market for the A380 which can carry as many as 800 passengers in all economy seating. The Indian government is taking a new look at the A380 after earlier concerns of protecting domestic airlines. Etihad is planning on taking a 24% stake in domestic airline Jet Airways and the sector is being opened up to foreign competition.
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Qantas Airways Warns of a Loss, Announces Plans to Cut 1,000 Jobs

6 Groups   
Wall Street Journal - 12.06.2013 Original article ›
Ross Kelly, Ross, Kelly
LyrArc Article Gist
Losses and layoff at Qantas Airways as it faces increasing competition. On domestic routes price competition from Virgin Australia has reduced prices by 20% for business class compared to 2003 adjusted for inflation, according to Australia's Bureau of Infrastructure, Transport and Regional Economics. The mining boom had provided Qantas with higher margins in domestic flights to distant locations within Australia. Qantas also faces competition from Etihad Airways, Singapore Airlines and Air New Zealand, all airlines with state backing.
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Despite the Name, Drop Not So Steep

3 Groups   
Wall Street Journal - 12.03.2012 Original article ›
Damian Paletta, Damian, Paletta
LyrArc Article Gist
What date should one keep in mnd if both sides fail to reach agreement in U.S. "fiscal cliff" negotiations? Payroll tax and other tax increases go into effect Jan. 1, 2013. Spending cuts could be backloaded to the latter part of 2013. Early January would be when a debt ceiling increase would lead to more negotiations and if no increase in the debt ceiling is made by March 27, the government would go into partial shutdown.
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Deutsche Bank Posts Surprise $3 Billion Loss

7 Groups   
New York Times - 01.31.2013 Original article ›
Jack Ewing, Jack, Ewing
LyrArc Article Gist
Deutsche Bank posted a fourth quarter 2012 loss of 2.2 billion euros. It set aside 1 billion euros to cover the cost of legal settlements including an investigation of LIBOR rate manipulation. Deutsche Bank says it has raised its Tier 1 capital ratio to 8 percent from less than 6% a year earlier. Analysts are uncertain whether this is from changes the way the bank calculates risk and whether the bank has seriously reduced its high leverage.
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Loaded propositions

1 Groups   
Washington Post - 10.25.2009 Original article ›
Nancy Trejos, Nancy, Trejos
LyrArc Article Gist
prepaid credit cards are taking off. From $4 billion in 2007 to $8.7 billion in 2008. Especially with the young and college students, this is becoming increasingly popular way as an introduction to plastic. With the new credit card law making it difficult for anyone under 21 to get acredit card without an adult to cosign for him or her, this will become even more of the norm among college students and the young facing debts to be repaid.
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Chrysler CEO Marchione to split his jobs.

1 Groups   
Detroit Free Press - 12.07.2009 Original article ›
Justin Hyde, Justin, Hyde
LyrArc Article Gist
In a speech at the Peterson Institute Marchionne says Europe has not addressed its problem of 30% overcapacity for making automobiles. He is handling two jobs one at Fiat and one at Chrysler, about which he says: "I am the only one who can guarantee this transfer. There's got to be this blood transfusion and it needs to happen at the speed of light." Within the next 24 months he sees the jobs being split up.
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Original article 1 minute, gist 1 minute

Glaxo's Garnier Is Taking the Heat

4 Groups   
Wall Street Journal - 07.09.2007 Original article ›
Jeanne Whalen, Jeanne, Whalen
LyrArc Article Gist
Glaxo's Dr Garnier talks with Jeane Whalen of the WSJ about his work, a lot about his committment to running a company not just for rich countries, that access is a very important word for him and his efforts to make drugs affordable or even free or close to free depending on the country's standard of living, his 24-7 day handling the Avandia issues, and the innovative drug pipeline he has put together over the years.
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The Employee Is Always Right

  
BusinessWeek - 11.19.2007 Original article ›
Jena Mcgregor, Jena, Mcgregor
LyrArc Article Gist
Its because of high attrition rates as high as 20% that Nayar has adopted this system where managers are expected to respond to employees. It makes sense for HCL India's 5th largest info-tech outsourcing firm to put employees first in India's competitive job market. Nayar himself spends 7 hours a week responding to employees questions and concerns. Under this system employees rate managers including top officers and the CEO and the ratings are posted on the website.
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Study Finds Imbalance on 3 Newspapers’ Op-Ed Pages

  
New York Times - 06.23.2008 Original article ›
Richard P�Rez Pe�A, Richard, P�Rez Pe�A
LyrArc Article Gist
82% in the New York Times and 97% in the Wall Street Journal of the academic's opinion pieces on opinion and editorial pages are by men and 90-95% of the articles agreed with editorial page positions of these 2 papers. Shows the high degree of homogenity of opinion on the pages of these papers created a one sided picture on the editorial and opinion pages. Is this corrected by good informed and unbaised reporting on the other pages?
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Times Cuts Dividend in a Move to Save Cash

  
New York Times - 11.21.2008 Original article ›
Richard Perez Pena, Richard, Perez Pena
LyrArc Article Gist
The New York Times has lost half its share value in the last month closing at $5.72 on November 20, 2008. Its down 67% this year and reported a third quarter loss of $100 million. IT has two $400 million revolving credit accounts for short term cash needs one of which expires in May and has $398 million in short term debt on Sept 30, 2008. It is seeing a rapid drop in newspaper advertising revenue.
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China Asks C.E.O.'€™s to Work for State

1 Groups   
New York Times - 08.30.2010 Original article ›
Michael Wines, Michael, Wines
LyrArc Article Gist
China's State-Owned Assets Supervision and Administration Commission- which oversees the operations of 129 largest state-owned corporations- and the Chinese Communist party's central organization department, have placed two broadsheet newspaper pages of ads for 20 senior management positions in industries ranging from nuclear power, auto manufacturing and textiles. Only some of the positions require Chinese citizenship, others are open to overseas applicants. The ads appeared in major Chinese and English language newspapers, and on major internet portals.
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The 2026 Milan-Cortina Olympics will bring the world together — sort of

  
Washington Post - 02.18.2025 Original article ›
LyrArc Article Gist
A year from now at this time in February 2026 we will have the Winter Olympics in the Italian Alps in Milan-Cortina. In the Alps in Italy stretching all the way to the Swiss and Austrian borders. This is a large mountainous region. The Washington Post takes a look at this region. The trip between venues can take 12 hours by train and bus. The 2026 Winter Olympis to reduce cost is being done by instead of building facilities to use 7 mountain villages in Italy reached only by narrow winding roads and need trips that will take many hours. This is a huge logistics effort moving athletes and people around.

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Original article 15 minutes, gist 1 minute

Trump Says Steel, Aluminum Tariffs Will Double to 50%

  
WSJ - 05.30.2025 Original article ›
Kris Maher, Bob Tita
LyrArc Article Gist
As drops in price of steel could lead to imports into the US with paying lower tariff Trump increases tariffs on steel to 50% on May 30, 2025. Nippon Steel says it will increase its investments in US steel mills at US Steel including older mills, $7.7 billion in modernization of plants, and $2.2 billion at Mon Valley plant. Ownership of US Steel based in Pittsburgh with 14,000 workers will stay in American hands. DJT intervened to make these investments possible. Investments will keep furnaces open 10 years and give every worker a $5000 bonus. It is this type of action that has helped DJT win in Pennsylvania and win worker support.

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G20: Angela Merkel sketches vision of French and German-led Europe | News | DW | 29.06.2017

2 Groups   
DW.COM - 06.29.2017 Original article ›
Jefferson Chase

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