LyrArc Article Gist
Canada Post plans to phase out home delivery to cities and suburbs in 5 years and reduce employees by 8000 through attrition. The Postal Service was expected to lose $1 billion by 2020 and faces difficulty funding pensions for older workers. The problem of putting mail in communal boxes at city locations where it can be picked up remains to be solved.

LyrArc Article Gist
The long collaboration, discussions and exchange of ideas between Romney and Ryan, that preceded the selection of Ryan as the Republican vice presidential candidate. Romney worked hard to win Ryan's support from the conservative wing of the party and Ryan checked his ideas for Medicare reform with Romney's.

LyrArc Article Gist
Pipes describes the failure of the opposition to offer constructive ideas and frame itself as an alternative to the AKP and prime minister Erdogan. Turkey's moves towards its historic role in the Middle East under the Ottoman Empire 1300-1923 championing Muslim interests, as opposed to the secular position taken by Ataturk and the modernizing of Turkey under post Ataturk governments.

LyrArc Article Gist
Yields on Greece's 10 year bonds rise to nearly 9% in October 2014, as growth slows to near zero in the eurozone, including Germany, in the second half of 2014.

LyrArc Article Gist
BT Group PLC acquired mobile company EE from Deutsche Telekom of Germany and Orange SA of France for 12.5 billion pounds in cash and stock. EE is the UK's largest mobile company and BT Group the largest fixed line telecom company. With this acquisition BT Group can now bundle fixed line, mobile lines, and television services, to increase subscriber revenue. Deutsche Telekom with a 12% stake is now the largest shareholder in BT Group. Orange will have a 4% stake. The acquisition provides BT Group with a faster 4G network and 30 million EE customers, 24.5 million direct mobile and 834,000 broadband.

LyrArc Article Gist
Satya Nadella, a 22 year employee of Microsoft is seen as the most likely choice for CEO.

LyrArc Article Gist
Recent European bond sales show investors from home countries taking a significant share of the issuance.

LyrArc Article Gist
California lost 79,000 jobs in January, 2009. The California Employment Development Department said the unemployment rate was 10.1% for January 2009, up from the revised figure of 8.7% in December 2008. California expects to pass 11 or 12% unemployment in 2009. A total of 1,863,000 Californians are unemployed, up 754,000 from January 2008, with 3.3% fewer jobs in January 2009 compared to January 2008.

LyrArc Article Gist
The Logan lower cost model produced by Renault's Romanian affiliate Automobile Dacia SA is setting a pattern that is being looked at as a model for the future throughout Renault. It is combining the advantages of Japanese manufacturing methods with their attention to detail and good practices evident at Nissan, Renault's partner company, with the cost conscious methods evident in operations in a Renault joint venture with Mahindra and Mahindra of India. Dacia Automobile was a Soviet era plant, and Renault has modernized it but keeps a more labor intensive attitude with good basics operation here, in contrast to the trend to automate everything and use robots extensively that became popular at other plants in Europe, U.S., and Japan. As Renault managers in France and its overseas operations look at both the expanding markets for lower cost cars and the profitability of the Dacia plant in Romania, it is becoming a model to be imitated. Other plants built earlier now look overautomated and costly for manufacturing cars in a cost conscious pricing sensitive competitive market that automakers face. Logan is contributing to Renault's bottom line, and may help it in reaching the 6% in operating margins that is a new goal for Renault for 2009. Dacia Automobile S.A. initally owned 55% by Renault is now 99% owned by Renault. It has sales of 2 billion euros ,in 2007 with revenue increase of 30% over 2006. The profit was 100 million euros in 2007. It employs 14,000 workers and Renault's investment has reached 1 billion euros upto this point. The plant turns out 60 cars per hour. Compare this with a similiar investment by VW in a Soviet era Skoda automobile plant in the Czech Republic, where VW started with an inital investment in part ownership and ended up in full ownership of Skoda with large investments in modernizing Skoda, and the success in selling Skoda cars known for their good quality. The Skoda is expected to sell at the million dollar sales level in 2010 and is the fastest growing brand in Europe. It ties with Honda in quality surveys. ...

LyrArc Article Gist
Holman Jenkins on the fuel efficiency standards, energy independence, green cars, social security and the auto company rescue plan.