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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.

The noodle bowl

1 Groups   
Economist - 09.03.2009 Original article ›
Economist.Com
LyrArc Article Gist
Free trade agreements have become a flood in Asia, with 42 in 1999 up to 166 in June 2009 according to the Asian Development Bank. The absence of trade agreement at the global level has not slowed this trend. Another 62 are being negotiated, including one between India and Japan, China and Taiwan. India signed an agreement in September, that it hopes will allow it to become a hub for Korean electronics companies seeking to exploit lower labor costs for products aimed at markets in the Middle East.
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Original article 4 minutes, gist 1 minute

E.C.B. Sees a Healing Euro Zone but Warns of Risks

23 Groups   
New York Times - 12.14.2012 Original article ›
Jack Ewing, Jack, Ewing
LyrArc Article Gist
The ECB's annual report for 2012 and the role the ECB under Mario Draghi played in the eurozone crisis in 2011-2012. The gains made in eurozone financial architecture, especially the agreement for the ECB as financial supervisor for European banks. The ECB sees itself as the supervisor for all European banks- the French position in the discussions in Brussels. The agreement of Dec. 12, 2012 only says banks with assets over 30 billion euros, or 20% of GDP of countries, or operations in two or more countries will come under supervision by the ECB.
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Beate Gordon, Feminist Heroine in Japan, Dies at 89

5 Groups   
New York Times - 01.01.2013 Original article ›
Margalit Fox, Margalit, Fox
LyrArc Article Gist
The incredible story of Beate Gordon of Mills College, California. As a 22 year old she joined the staff of General MacArthur in Tokyo. She was assigned the task of writing the section on women's rights in one week in 1946. She searched libraries in Tokyo for constitutions of other countries. Mills had lived in Japan for 10 years with her parents, and knew the situation for women in Japan, with the lack of basic rights. She took up the task as the only woman on the constitutional committee.
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Cheaper Natural Gas Lets Nucor Factory Rise Again on Bayou

7 Groups   
Wall Street Journal - 02.01.2013 Original article ›
John W. Miller, John, W., Miller
LyrArc Article Gist
Natural gas prices have declined to $3.34 per million BTU's in Jan 2013. This is about a fourth of the prices in 2006 and 2008, when prices were above $12 per millon BTU's. The result is a rebirth of industry in the midwest and other regions in the U.S. Here the WSJ's John Miller covers a Nucor $750 million investment in Louisiana for a new steel plant. Oddly Nucor did just the opposite in 2004, taking apart a steel plant and shipping it on ocean barges to Trinidad, where natural gas is abundant.
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U.S. Stocks Look Pricey, But Bargains Beckon Overseas

7 Groups   
Wall Street Journal - 02.01.2013 Original article ›
Joe Light, Joe, Light
LyrArc Article Gist
P/E ratios for stocks in the U.S., Europe and the emerging market countries in 2013. A large gap between the U.S. and Europe for longer term returns, 22 for the U.S. compared to 10 for southern European countries such as Spain, Italy and Ireland. This uses the cyclically adjusted returns based on the Shiller P/E which takes average ten year earnings adjusted for inflation. Using earnings expectations for the next year the U.S. P/E is 13.5 compared to 12.7 for developed markets including Germany and the UK.
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Europe Mulls Huge Solar Project

2 Groups   
BusinessWeek - 06.17.2009 Original article ›
LyrArc Article Gist
Germany's Economic Ministry is part of aconsortium to fund aproject called Desertec, which plans to to generate soalr energy in the Maghreb desert in North Africa and transmit it through anew grid of high-voltage transmission lines. IT would use low-tech methods using mirrors in the deseertto jeat up water, which drives turbines in alocal power plant. The new initiative could provide 15% of the energy needs of Europe, and would require cooperation from different European countries. The consortium also includes Siemens, Deutsche Bank, energy company RWE and Munich Re.
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Survivor: Detroit

1 Groups   
New York Times - 12.20.2008 Original article ›
Editorial
LyrArc Article Gist
The NYT editorial reminds readers on the day following the Bush bridge loan approval that it would have been far better to ask the the top executives to step down as anecessary step to push substantive change through Detroit's entrenched mind-set. Which again poses the question whether Wagoner is the right CEO to reinvent the company as he said he would do. And by February 17, GM has to get bondholders to convert at least two thirds of their debt into equity, so achieving even the near term hurdles remain uncertain.
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Top Democrat Aims to Boost Mass Transit's Funding Share

  
Wall Street Journal - 12.20.2008 Original article ›
Christopher Conkey, Christopher, Conkey
LyrArc Article Gist
ig changes in transportationpolicy will change the way Americans move around. Its not just the auto industry that is being remade. US transportation policy is being shaken up and is in for big cahnges. The head of the House Transportation and Infrastructure committee is a Minnesota Democrat Rep. Janes Oberstar, he is suggesting Congress steer $30 billion to highways and bridges and $12 billion to transit as part of the $85 billion being discussed for transportation spending in the stimulus plan. This would be a much higher percentage than what transit secured for many years.
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Fuel Costs, Vacancies Spur Southwest Changes

2 Links 2 Groups   
Wall Street Journal - 01.10.2008 Original article ›
Melanie Trottman, Melanie, Trottman
LyrArc Article Gist
Southwest's strategy in response to sluggish economic growth and slower passenger volume is to pare glights in low passenger routes and shift to add flights in routes with high demand, an example is the Denver airport which has high numbers of passengers. Southwest will increase flights from Denver and add cities it flies to from Denver. It will also take advantage of weakness of Denver based Frontier airlines. Southwest will reduce flights in some routes like Chicago to Las Vegas abd Baltimore to Ft Lauderdale, eliminating 17 roundtrips.
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UAL to Record Up to $2.7 Billion in Charges

  
Wall Street Journal - 07.12.2008 Original article ›
Susan Carey, Susan, Carey
LyrArc Article Gist
UAL's stock has gone down 93% in the past year more than its other U.S. rivals and the entire company has an equity value of $433 million smaller than the retail price of two jumbo jets. It will take second quarter noncash charges of $2.7 billion to writedown to zero the value of its intangible assets or goodwill. United will pare its 460 plane fleet by 100 planes by 2009, cut capacity by 15% in the 4th quarter 2008, cut 20% of salaried jobs or 1500 jobs, and furlough 950 of its 6000 pilots.
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Europe Slashes Growth Forecasts for 2008

2 Groups   
New York Times - 09.11.2008 Original article ›
Carter Dougherty, Carter, Dougherty
LyrArc Article Gist
The European Commission cuts 15 nation euro area growth forecast for 2008 from 2% to 1.4%. For the 27 nation European Union the forecast is dropping from 1.7% to 1.3%. Link this to discussions at OPEC in Vienna and one can see why the Saudis use the argument that high oil prices can lead to a collapse in demand and a collapse in oil prices not helping consumers or producers, when a stable price that reflects the fragile financial markets in the west would better accomodate both sides.
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U.K. Plans to Buy Into Large Banks in Bold Move

1 Groups   
Wall Street Journal - 10.08.2008 Original article ›
Dana Cimilluca, Dana, Cimilluca, Sara Schaefer Muñoz, Sara, Schaefer, Muñoz, Carrick Mollenkamp, Carrick, Mollenkamp
LyrArc Article Gist
As the UK's biggest banks are hit hard in the markets, RBS shares down 39%, HBOS down 42%, and Lloyd's down 13%, Barclays down 9%, on Tuesday October 7, 2008, Brown takes a bold step to recapitalize British banks. In recent years as the boom years progressed British banks handled global capital equal or greater than Britain's entire economic output for a year, and making London the global financial hub rivalling New York. Brown offered to buy stakes in British banks for as much as 50 billion pounds or $88 billion.
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Bad bets

2 Links 1 Groups   
Economist - 10.16.2008 Original article ›
Economist.Com
LyrArc Article Gist
On October 6, 2008 the Brazilian real and the Mexican peso plunged. Mexico had to spend 10% of its foreign reserves in a few hours to prop upthe peso. It started with some foreign investors selling latin american assets to cover losses at home. The peso's slide increased with theunwinding of derivative contracts of Mexican companies. For Brazil the fall in commodity prices led to weakening of the real and derivative contracts unwinding worsened things. Forecasters expected to see growth of 4.5% in Brazil and 3% in Mexico, now this will be lowered by 1.5%.
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Original article 3 minutes, gist 1 minute

Sharp Slowdown in Asia Nears

  
Wall Street Journal - 10.27.2008 Original article ›
Patrick Barta, Patrick, Barta
LyrArc Article Gist
Asian economies have seen a an increase in export dependence in recent years, with 47% of GDP depending on exports. China is a big exporter and will see its 11 % growth in peak years down to 8% and India which is not as big an exporter as China down to 7%. 5% growth would spell trouble in these countries with migration to urban areas from farming country and the lack of a social safety net as well as large number of people who need jobs to earn a living.
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Shares Falling, Citigroup Talks to Government

1 Links 2 Groups   
New York Times - 11.22.2008 Original article ›
Andrew Ross Sorkin, Andrew, Ross, Sorkin, Louise Story, Louise, Story
LyrArc Article Gist
How short sellers target Citigroup and work havoc with its share price losing half its value in afew days. The need for reinstating the uptick rule but a mystery that no action has been taken. And Paulson scores himself as a ten from 1 to 10 in a question from Alan Murray at the WSJ CEO Council, even as lack of comprehensive action on foreclosure prevention, the failure to reinstate the uptick rule, and time lost in the debate in Congress and afterwards over buying up toxic assets, remain a mystery.
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Japan’s move to restart a nuclear reactor is a good decision - The Washington Post

12 Groups   
Washington Post - 08.20.2015 Original article ›
Editorial

Low Share of Adults Working

6 Groups   
Wall Street Journal - 09.03.2011 Original article ›
Justin Lahart, Justin, Lahart
LyrArc Article Gist
The employment to population ratio in August 2011 was 58.2%, down from 62.7% in December 2007, according to the Labor Department. For men the ratio is 63.6%, down from 69.4% in 2007 when the recession began. About one percentage point of this is a result of a surge of retirements during this recession period.
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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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Euro, Meant to Unite Europe, Seems to Be Dividing It

7 Groups   
New York Times - 10.19.2011 Original article ›
Steven Erlanger, Steven, Erlanger

Germany’s Success and Advice Anger European Partners

6 Groups   
New York Times - 11.15.2011 Original article ›
Nicholas Kulish, Nicholas, Kulish

The Latest American Export: Inflation

9 Groups   
Wall Street Journal - 01.18.2011 Original article ›
Ronald Mckinnon, Ronald, Mckinnon

German Reunion Pains Inform Attitude Toward Greece

6 Groups   
New York Times - 05.25.2012 Original article ›
Nicholas Kulish, Nicholas, Kulish

The Next Step for Europe Is Financial Union

1 Links 4 Groups   
Wall Street Journal - 06.11.2012 Original article ›
Christian Noyer, Christian, Noyer
LyrArc Article Gist
Christian Noyer, the Governor of the Bank of France, says that the supervisory infrastructure and deposit guarantee structure for the eurozone has not kept up with the creation of a single currrency, leaving an obvious gap that has to be fixed. Of particular importance is the link between sovereign and banking risks that is behind dangers in today's eurozone crisis, especially in Spain, which he says should be broken. The creation of a single euroarea supervisory authority is a prerequisite for a deposit guarantee fund that will separate and delink bank and sovereign risks. The other step is to create a banking resolution scheme similiar to what the U.S. has setup, with the FDIC having a resolution plan to come in and unwind a failing bank, include large banks with systemic risk.
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Europe’s Missing Union

5 Groups   
New York Times - 07.08.2012 Original article ›
David Marquand, David, Marquand

China’s Shadow-Banking Boom Is Over

7 Groups   
Wall Street Journal - 12.24.2014 Original article ›
Shen Hong, Shen, Hong

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