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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.


DW.COM Original article ›
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Jerome Boateng was 2016 Footballer of the Year in Germany. Here he talks about his own experience playing for teams after growing up in Berlin. He was born  in Berlin in 1988 of a Ghanian father and German mother, and practiced on Berlin streets before joining Hertha Berlin, Hamburg and then Bayern Munich. He has been an important part of the German team. 

Here he says education is important, most important, no child is born a racist. Boateng says " What we really need is to get stuck in and do something, be that working with children and doing integration projects. Everybody can help." The best thing is to be active in the community and helping in every way to educate children.

BBC News Original article ›
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Karishma Vaswani of the BBC provides this report showing sexual harassment in the workplace is increasing in Asian countries. A recent ILO report shows over 50% of women participation in the workforce. With more women in the workplace the threat is growing for women. As many offences are unreported-and more so with women who have never been in the workplace before- the 30 to 40% incidents reported to the International Trade Union Confederation (ITUC) for women workers in Asia-Pacific may be understated.

The culture in many Asian companies is also not friendly to women. A lot needs to be done to change this considering the slow progress to ensure a safe environment for women at work, and governments need to make this a priority.

WSJ Original article ›
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This report in the WSJ shows even chancellor Merkel, Mr. Roller her economic advisor, ignored reports that went back ten years about wrongdoing at Wirecard. Chancellor Merkel supported Wirecard's acquisition of a Chinese company that itself was in trouble in talks with Chinese leaders in September 2019. AllScore the Chinese company had at the time been fined for misappropriation of funds by the central bank of China at the time, as reported by the WSJ. The German Finance ministry had provided documents showing that Wirecard was being investigated before the meetings to Mr. Roller. The Finance minister Olaf-Scholz's ministry oversees BaFin but little was done by BaFin even after the Financial Times in January 2019 reported financial irregularities at the company.

Detroit News Original article ›
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The National Highway Traffic and Safety Administration has been investigating Toyota since 2004, after State Farm Insurance Company alerted the NHTSA about the jump in complaints.
Wall Street Journal Original article ›
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Anheuser-Busch InBev's acquisition of 100% ownership of Mexico's Modelo for about $12 billion, acquiring popular beer brands Corona Extra and Modelo in the American market.
New York Times Original article ›
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Only 53% of cars with the defective switch in the GM recall had been repaired as of Nov. 2014, according to this report in the NYT.

Holder Convicts Switzerland

Wall Street Journal Original article ›
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This WSJ editorial points out that justice and accountability have not been well served in the U.S. Justice Department's settlement with Credit Suisse in May 2014.
Washington Post Original article ›
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Jackson Diehl, deputy editorial page editor of the Washington Post, says its hard not to conclude that Obama is really not engaged with the struggle for democracy and democratic process in the countries of the Middle East and the Arab World. His voice is only heard sporadically, and is missing altogether at crucial times, as the people of Egypt, Libya, and other countries express their democratic aspirations. This has been the case from the beginning of this struggle and continues today. He cites an Arab opinion poll, from Shibley Telhami of the University of Maryland with Zogby International, which shows a positive view of Obama at 34%, compared with 39% in 2009. When asked which countries have played a positive role, France and Turkey are given first place and the U.S. is close to China. This is because France's Sarkozy and Turkey have been actively engaged, and Obama has been silent for most of the time. Diehl says most Egyptians he talked to in Cairo in a recent visit, think that Obama's focus is on going along with the military and Israel. ...
Wall Street Journal Original article ›
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Difficulties facing the recovering airline industry as the price of oil continues its increase. Goldman Sach's Group raised its forecast from $68 per barrel in 2007 and 2008 to $80 in 2007 and $90 in 2008. Airlines have already taken a lot of the costcutting steps from flying lighter more fuel efficient planes to smaller steps like reducing the weight of beverage carts and taxiing on the runway with one engine and so on. But their forecasting and business plan estimates of oil costs have been far off the mark and hedging has been inadequate. Lasty year as per the ATA, Airline Transport Association, 42% of the consumption on average was hedged at $60 per barrel, this year 2007 only 31% of fuel consumption on average has been hedged at $62 per barrel. To give some idea of how far off the mark, United's business plan used $50 per barrel through 2010, and Delta used $65 in its business plan for 2007. Expect more fare increases and capacity reductions if this price trend for oil continues. ...
Wall Street Journal Original article ›
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Settlement that renegotiates the earlier agreement to develop the new Kazakhstan oil field. It brings in the Kazakhstan state oil company as a partner, doubling its stake in the consortium from 8% to 16%, along with stakes in the consortium of 16% each for Exxon, Eni, Shell and Total, as well as a stake for ConocPhillips and Inpex. The Kashagan oil field production has been pushed back to 2010. This is a difficult region to drill in, in icy shallow waters of the Caspian sea, and the difficulty of separating and disposing off the high levels of toxic hydrogen sulfide in the oil. There have been spiralling costs and the cost estimate has gone up from $57 billion to $137 billion. This project one of the biggest oil finds of recent years, is an example of why supply from new exploration is now coming from difficult areas to work with in the globe with higher costs and huge delays, with the added political aspects in negotiations to keep the project running. Similiar has been the experience for western oil companies in Russia. ...
Wall Street Journal Original article ›
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Michel Sapin faces the challenge of convincing the EU and Germany that France should get more leeway for tax cuts and other measures to boost the economy and lower unemployment. He has been through difficult situations before when following approval of the Maastricht Treaty the French Franc came under speculative attacks by investors betting France could not implement the Treaty. At the time he was finance minister in the Mitterand government. As labor minister since 2012, Sapin implemented Hollande promises in the elections- for government sponsored jobs for young people, creating contracts to bind young and older workers in the workplace, and reform of professional training schemes.
New York Times Original article ›
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Cohan says the average investor will be left holding the bag, once Wall Street realizes the Facebook valuation has been overhyped to suit insider investors and Goldman Sachs.
The Hindu Original article ›
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India's Ministry of External Affairs says both sides have agreed to de-escalate in the border dispute involving Bhutan, India and China. This happened after discussions between Indian and Chinese diplomats. "Expeditious disengagement of border personnel at the face-off site at Doklam has been agreed to and is on-going," according to the Ministry of External Affairs statement. The dispute began when China began work on a motorable road in the Doklam plateau which provides entry into India's northern plains.

ZEIT ONLINE Original article ›
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Zeit Online takes a look at German chancellor Angela Merkel's statement made in a beer tent in the Muich suburb of Trudering- "The times in which we can completely rely on others are somewhat over, as I have experienced in the past few days." Zeit Online says the words "ein Stuck" in German were meant to say a bit or somewhat, but the essence of the statement that the depending on the trans-Atlantic alliance was now over comes right through.

Wall Street Journal Original article ›
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In "Dead Aid," a book by a native of Zambia and World Bank consultant, Dambisa Moyo, she says about $ 1 trillion in aid has gone to Africa since independence began around 1960, and there is so little to show for it. IT has helped sustain corrupt regimes in Africa, and much of the last 50 years have been wasted, and in many areas it has been a humanitarian disaster. Her personal experience helps her write about this. Her mother is chairwoman of aZambian bank, and her father runs an anticorruption organization. She believes that economic growth is aprerequisite for democracy, and that democracy lasts longer as per capita income increases.
Wall Street Journal Original article ›
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A study by the director of the obesity center and professor of global nutrition at the University of north Carolina at Chapel Hill states that based on data collected from 20,000 patients in China over the last 15 years obesity has increased 1.2% a year among men in that time. The study says that more than 25% of the adults in China are overweight or obese and that the number could double in the next 20 years. Its a result mainly of improving living standards which make vegetable oil affordable, and beef and dairy foods more available and affordable. A sedentary lifestyle for many Chinese plays a part as well.
WSJ Original article ›
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The use of apps and tech based solutions have been largely ineffective in doing effective contact tracing and testing to isolate people with coronavirus. Epidemiologists question its effectiveness when it does not lead to people isolating themselves to prevent spread.  A major problem is lack of confidence in the tech based solutions. 27 states in the U.S. have no apps or are not developing one.  Apps do not use the entire set of tech resources available because of dilution from concerns about privacy. Another major problem is that there is no national approach. California, Washington and Oregon have a pilot program on the Google-Apple system, Delaware and Pennsylvania launched an app in September from Irish developer NearForm. New York and New Jersey started with a NearForm app in October. States using apps are doing this without much conviction that this is a tool that will work to do effective contact tracing and testing to isolate infected persons. For this reason one sees pilots and launches this late in the coronavirus pandemic. Early efforts stumbled.  The UK and French apps also proved ineffective. Germany opted for low tech solution that proved surprisingly effective in the first wave of the coronavirus. Germany relied on teams from state employees which used a national database, personal computers and phones to call individuals who needed to be isolated and tracked. Asian countries have less concern for privacy leading to apps being more effective. Even here low tech solutions with national database and teams of people with personal computers and phones calling and making personal contact including visiting homes has worked better than apps. Human relations skills to reassure people affected by coronavirus, legwork to contact personally at homes and check up, and persuasion to have people isolate have been more effective than app based impersonal tech solutions. ...
WSJ Original article ›
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Fintech set lofty expectations for revolutionizing finance says WSJ but these have not been realized. Part of the reason is that the fintech itself relies on other banking firms. Evolve at one time handled $10 billion in Silicon Valley. It is now facing problems due to the fintech software firm it depended on for its operations has failed.

Washington Post Original article ›
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Fannie Mae will make a payment of $59.4 billion to the U.S.Treasury as a result of improvement of conditions in the housing markets that enable Fannie to writeup the value of devalued assets on its balance sheet. Fannie showed a profit of $8.1 billion for the first quarter of 2013 from its activities of guaranteeing and investing in home loans in the U.S. In 2008 the U.S. government bailed out Fannie Mae and Freddie Mac and the agencies received $117 billion in government assistance since then. With this $59.4 billion about $95 billion has been paid back to the U.S. Treasury. This also delays the debt ceiling deadline to Oct. 1, 2013 by generating more revenues for the U.S. Treasury in addition to higher tax revenues.
The Guardian Original article ›
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Better cycling infrastructure, well defined cycle paths away from other traffic, well lit paths, helps women get safer transportation and improves fitness. Infrastructure for cycling is especially important for women says Kate Jelly in The Guardian. A 2019 SusTrans bike life survey shows only 6% of British women bike regularly compared to 21% of women. The figure for women cycling regularly is 55% in Netherlands and in Copenhagen. It is much higher than UK for women in Paris and Lisbon after new cycling infrastructure has been placed in the two cities.

Similar issues exist in other cities around the world, in India and other countries where cycling was once a major form of transportation but has dwindled with the emergence of other forms of motor bikes and heavy traffic in cities, and the lack of cycling infrastructure.

Wall Street Journal Original article ›
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Alan Cullison's exceptional report from Ukraine in 2006, with contribution from Marc Champion, gives a background to the situation in Ukraine in 2014 with street protests leading to the ouster of Yanukovych. None of the hopes for Yanukovych mentioned by Cullison at the end of the article -rule of law, judiciary, corruption, and transforming Ukraine society- were realized. Yanukovych runs for president against Yuvschenko in 2008 and is accused of fraud. He wins in 2010. Tymoshenko spent 2 years in prison under charges from the Yanukovych government with the EU saying the government has been "selective" in its charges. She is released in Feb. 2014 after the ouster of Yanukovych. All the politicians appear to have failed Ukraine's hopes for better governance and national reconciliation to promote economic progress and a shift is needed to a younger generation.
WSJ Original article ›
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Economies have fallen back sharply but banks have not had to recognize bad loans as government support and repayment moratoriums have covered a quarter of all outstanding loans for companies and households. As a result there is a strange crisis in which defaults have not happened. Banks have not had to recognize bad loans. The question is what will happen once this government support and other support ends.

The European Central Bank says bad loans in eurozone could go as high as 1.4 trillion euros or $1.7 trillion, if the economies face further setbacks in the second wave of the coronavirus. European government support has been more generous than the U.S. In Italy over 25% of loans to businesses and 15% to households, totaling 300 billion euros were given payment holidays, according to Scope Ratings.

The Times Original article ›
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Contact tracing apps in the U.S. Britain and France have failed. Contact tracing app in Germany was downloaded 12 million times in the first week. Yet much of the contact tracing in Germany and cluster isolation has been achieved using low tech methods- using a computer with database, and teams of people in district offices all over Germany calling people.

The NHS App in Britain failed to get the cooperation of Apple. In the U.S. Google and Apple planned to have a contact tracing app ready but failed to come up with one. Tech has failed to come up with solutions during coronavirus and low tech solutions have worked well as in Germany and in places such as Kerala, India, when implemented quickly with very little delay.

WSJ Original article ›
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How virus containment failed at its origin in Wuhan with politics overriding the agency setup to tackle pandemics. Dr George Gao an Oxford trained virologist was in charge of China's agency for pandemic disease control. This story shows how his effort ran in to problems from authorites in the province and other problems. Scientists in U.S. and Britain and in China say had the effort to control the virus started 3 weeks earlier by December 1, 95% fewer cases would have happened in China. With additional steps to control pandemic spread such as air and rail, auto travel restrictions this also means the virus could have been contained within China with only a limited and better controlled spread overseas. The bungled response in China shown here affected first China, then the whole world.

BBC News Original article ›
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Pope Francis appears healthy and active, says this report in BBC News, even though he is now eighty, the age when other senior church officials are expected to retire. Pope Francis plans to continue for a few more years to complete his reforms for "a church of the poor." In 2016 he has replaced about one third of the cardinals in the electoral college. Francis lives a simple life in a tiny suite in the Vatican guest house. CastelGandolfo, a summer residence of the popes, has been turned into a museum for the public. Some cardinals from Italy, Germany and the U.S. say the pope is not following traditional teachings, yet Francis in his open gregarious style says he doesn't lose sleep over this. His style is marked by directness, and the use of short phrases of the Buenos Aires dialect with which he is most familiar.


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