LyrArc Article Gist
Time Inc. publishes about 80 print magazines, including Time, People, and Sports Illustrated. CEO Joe Ripp says Time Inc. was slow to respond to the digital transformation of media, and revenue is declining for several years. In 2014 Time Inc. ad revenue from digital ads was only 17%. Unlike Meredith Corp. and other companies which have television stations, or cable-television systems which can support its business, Time has little in the way of support, and could be broken up if the transformation into digital fails. Ripp was Chief Financial Officer of first Time Warner in 1999, and then of AOL Inc. at the time of the merger with Time Warner Inc. One of Ripp's recent risky moves not followed by other media companies is merging the media content side with the advertising side in native advertising. Time Inc. has 7000 employees as of Dec. 31, 2014, 800 fewer than the prior year.

LyrArc Article Gist
Serious problems facing Turkey's economy. Turkey takes on too many risks as exports cannot keep up with rising imports leading to a severe current account imbalance. Official statistics show the economic growth at 11% in the first quarter, with the growth coming mainly from the construction, retail and financial sectors, and a result of a surge in demand and rapid credit growth. Imports expanded at 42.6% , and exports at 11.7%. The Turkish manufacturing sector has not strengthening its competitiveness. And increases in manufacturing output come from increased imports- with 85% of imports being commodities and semifinished goods, according to an Istanbul economist who contributed to a recent 350 page strategy report commissioned by the Erdogan government. Fast economic growth comes from rapid growth in credit, and consumption demand, but the underlying manufacturing competitiveness and economic fundamentals show warning signs. The government of prime minister Erdogan- distracted by politics and efforts to change the constitution- appears not to have grasped the urgency of the situation it faces....

LyrArc Article Gist
A multi-billion dollar auction of new bandwidth for phone operators in India was rigged to favor certain companies, according to a report by the auditor -general of India. The report says the auction was conducted by the Communcations ministry in a way "that lacked transparency and fairness." The report focusses on a few of the operators including Reliance Communications. The result is a loss of 1.76 trillion rupees or $39 billion, according to auditors. The cellphone industry in India is seeing rapid growth- 18 million new users were added in October 2010, with the total reaching 671 million. By comparison China has 830 million users. Of 122 licenses granted in the 2008 auction, 85 went to companies that "suppressed facts, disclosed incomplete information and submitted fictitious documents," according to the auditor's report. and in at least one instance, the Ministry's department of Telecommunications "miserably failed to do the due diligence in the examination of the applications," the report said....

LyrArc Article Gist
The British governmet announced its own bailout plan. It offered to recapitalize its banks with an injection of capital i exchange for preference shares. It offered banks like the RBS, Barclays, HSBC upto 50 billion pounds to shore up their capital. It also provided guarantee of 250 billon pounds to help banks refinance debt and the Bank of England will double the amount it lends to banks under the special liquidity scheme to 200 billion pounds. The aim is to restore trust in British banks and allow banks to lend to each other and lend to consumers and companies which is becoming difficult or is even frozen and the financial arteries getting clogged as banks are afraid to lend to each other similiar to what is going on in the USA. In Spain the government announced it was creating its own 30 billion euro fund to buy assets from the nation's banks.

LyrArc Article Gist
Oil exports 2.6 million barrels a day, oil and gas revenues generating about $60 billion for Iran. Content Links 1. Social goals: 6 % of GNP goes to subsidies on food , gasoline, other essentials. A near 50% boost in the minimum wage winter 2005. 2. A decree by Supreme Leader Ayatollah Ali Khamanei recently authorizing privatization of some 80% of the large state owned industrial sector.

LyrArc Article Gist
2013 will be a crucial year for Windows mobile software, according to IDC. IDC analysts say developer support is critical and mobile platforms that fall below 50% in support from developers 'very interested' in developing apps for them are likely to see a gradual demise. IDC's quarterly surveys of more than 4800 mobile apps developers shows Windows 8 tablets having such support from 33% of developers and Windows phone 7 software having 21% support. Research in Motion (RIM) has a mere 9% support for Blackberry phones and 8% for the PlayBook tablet. The figures for Apple iPhone are 85% and iPad are 83%, followed by Android phone 76%, Android tablet 66%.

LyrArc Article Gist
EIA figures show U.S. stockpiles of crude oil, refined fuels and other petroleum products increasing to 1.149 billion barrels in the week ending Jan 2, 2015, excluding the strategic petroleum reserve. This is the highest ever since 1990, except for June 2013. Brent crude drops below $50 a barrel.

LyrArc Article Gist
Mumbai's rail system is used by about 8 million passengers each day. Many workers commute as long as 50 kms to get to work from the suburbs to Mumbai. This report looks at possible action to limit the spread of coronavirus through the rail system. The rail system is run by the Western Railways and Central Railways. Between March 11 and March 18 there has been about 50% drop in passenger traffic. The divisional head of Central Railways says it is essential not to compromise the entire rail system there by taking action now.

 

LyrArc Article Gist
On April 21, 2022, US president Biden talks to Americans in a live television address and says US will send an additional $800 million in military assistance to Ukraine. And an additional $500 million in economic assistance that takes the total economic assistance to $1 billion. He asks Congress to approve additional requests so that an uninterrupted flow of aid to Ukraine can be maintained to deter Russian aggression. He also opens up a path for direct entry into the US for some of the 5 million Ukrainian refugees. He calls attention to the 5 million refugees and to the millions of displaced children. He says about two thirds of the children in Ukraine are displaced by the war which he found to be shocking.

Biden said "you've got to admit- be amazed at the courage of the country, and of the young men and the young women." 

LyrArc Article Gist
The launch of 5G is expected to impact every aspect of life in India and act as a transformational force. Mr. Modi said he is happy that school children from rural parts of India, part of a 1.3 billion population, are a part of  this rollout. Students he said were interacting with eminent scientists from the classroom using this technology. He emphasized 4 pillars - cost of device, digital connectivity, cost of data ,and the mindset of Digital First. 

The goal is internet for all. Before 1 gigabyte of data cost Rs 300, now it costs Rs 10.  On average an Indian spends on 14 gigabytes of data a month which costs $150. This means, says Modi, that the poor are saving approximately Rs. 4000 a month. Adding that as the technology is developed locally- "This is not just India's decade, it is the century of India."

LyrArc Article Gist
A $50 billion infusion from the Swiss central bank does not stabilize Credit Suisse. The next step is for the Swiss central bank to arrange for UBS bank to take over Credit Suisse. For many years Credit Suisse management has taken outsize risks. 

LyrArc Article Gist
According to a report from the Southern Education Foundation about 51% of the students from pre-Kindergarden to 12th grade in the U.S. were eligible for the federal program of free and reduced price lunches, using an analysis of 2013 federal data. With the highest proportion of students in poverty concentrated in states in the southern and western U.S.. States all across the south, including Texas, show high concentrations approaching 60-70%, and states in the west such as California show about 50-60%. Midwestern states such as Illinois and Michigan show rates over 50%. The implications of this data are that these children from poor and sometimes chaotic backgrounds trail other children in educational development, are less likely to have educationally enriching activity, and more susceptible to dropping out or never attending college. Kent McGuire, president of the Southern Education Foundation says the map showing this is striking. He points to the disinclination to invest in young people today, compared to the focus on leadership in areas of creating opportunity and upward mobility in the decades of the 50's through the 80's. Michael Rebell of Teachers College at Columbia University, says reaching this point where a majority of public school children are from poor backgrounds has happened sooner, and the trend has accelerated over time. ...

LyrArc Article Gist
WSJ with subscribers up to 4.1 million and other Dow Jones products, are key parts of revenue for Murdoch's business group in 2025. 85% of profits are derived from Dow Jones for News Corp. The Australian and British newspapers do not generate much profit and The Sun has seen years of losses. These newspapers gave Murdoch his start in Australia and UK, but have built up losses today.

LyrArc Article Gist
Target date funds for young people put money in stocks at 92% in 2024 instead of 85% in 2014,  for people in their late 30's 88% instead of 82%, for people over 60 allocation in stocks is up to 60% in 2024 from 57% in 2014. Investment allocations are higher today as the S&P 500 is up 10% so far in Jan-July 7 month period in 2025.

LyrArc Article Gist
Standard and Poor's changed its rating of U.S. Treasury securities from stable to negative. U.S. Treasury securites are still rated AAA. Moody's made no change in the rating. U.S gross debt as a percentage of GDP is 91.6%, with the comparable number for Germany at 80%, France 82%, Canada 84%, the UK at 77%, Japan 221%. The U.S. budget deficit as a percentage of GDP is 10.6%, the comparable number for Germany is 3.3%, France 7%, Canada 5.5%, the UK 10.4%. John Chambers, the head of the sovereign ratings committee at Standard & Poor's stated that "the sign of political gridlock was a key determinant in our outlook change." The budget deficit will go up to $1.5-$1.65 trillion, or over 10% of America's GDP in 2011. The gross debt for the U.S. is at $14.219 trillion, just short of the $14.294 trillion cap. With rising entitlement costs and the interest on debt this is expected to go over the debt ceiling as early as July 8, 2011. Again political gridlock and the divide between Republicans and Democrats about deficit reduction is causing concern about the delay in raising the debt ceiling....

LyrArc Article Gist
Vietnam's efforts to boost solar energy in 2018 by offering 9 cents per kilowatt hour to owners of solar farms is leading to unexpected surge in solar energy. Instead of the 850 MW of solar energy the production increased to 5 gigawatts by 2019. Investments had be done in 2 years for the offer by the state owned electricity company and electricity purchases would depend on daily needs. The huge increase has brightened the prospects for solar energy in this part of Asia.    Most of the solar energy comes from the southern part of Vietnam and the government is expanding the capacity of the power grid to handle the solar energy production. Vietnam is growing at 5-7% a year for two decades and power capacity is expected to double by 2030. The share of coal in the enrgy mix planned is 43%. The unexpected surge in solar energy production means the 10% fo solar energy in the energy mix was achieved ten years ahead of the schedule. This means fewer coal plants will be needed. In five years solar energy is expected to become cheaper to produce than energy from coal, according to energy consultancy Wood Mackenzie. Coal plants are also meeting public resistance, and regulatory hurdles. Coal plants take ten years to become operation. Solar energy projects can be completed in 2 years. This means solar can take a much larger share of energy production in the future .  ...

LyrArc Article Gist
The local elections in Britain in 2019 show voter dissatisfaction with the mainparties. Both Conservatives and he Labour party each took 28% share of the vote. The big winners were the centrist Liberal Democrats with 19% of the vote. The Greens party also was a winner in the vote. About 8400 seats were up for election in this vote. Conservative party lost 1300 seats. The Labour Party disappointed because it was expected to win more seats as Conservatives did well in the last election in 2015, by winning 81 seats. The Liberal Dems and the Greens won 850 seats between them.  The stridently pro-Brexit Nigel Farage Independence Party did not put up candidates and a anti-Brexit party called ChangeUK also did not have candidates. Both will field candidates in the European elections causing the main parties to lose even more of their support that has dropped to 28%. This means Labour party leaders Corbyn and McDonnell might continue negotiations with Theresa May on Brexit plan. But as Rachel Sylvester reports in The Times today with May lacking support from her Conservative Party, her tenure as prime minister uncertain, there is little incentive for Labour leaders to go against the wishes of a majority of Labour MP's, voters, and members who are against Brexit. Corbyn also want to focus coming elections on austerity not Brexit. So this is not on Labour's agenda. Sylvester says a confirmatory referendum is looking like the only way out of the mess.    ...

LyrArc Article Gist
Plan B for US president DJT on Tariffs - Section 122 of the 1974 Trade Act to place a 150 day 15% tariff. Section 232 of the Trade Expansion Act of 1962. Trade Investigations under Section 301. Much of this set of laws are already in place and being used by the US. A law passed in 1930 is another avenue for tariffs Section 338 of ther Tariff Act of 1930. The US government and US president DJT could also have Congress enact a new law as it has majority in both the Senate and the House and the president could make acase for the reasonable use of tariffs with the EU and Japan having taken advantage of trade to the disadvantage of the US. There is also broad support for fentanyl action by the president using economic action on tariffs on nations Canada, Mexico, China that continue to let the flow of fentanyl across their borders for use by drug trafficking gangs in Mexico to send over US land border at the 2000 mile long US-Mexico border.

LyrArc Article Gist
The Chief Minister of Kerala writes about the Kochi Water Metro project to be inaugurated by pm Modi. The project was built at a cost of about $150 million with state funding and a loan from KfW, a German development bank that funds climate green infrastructure. 78 electric boats powered by batteries will transport people in Kochi between 38 terminals spanning 10 islands on the Arabian Sea.

The boats are built at Cochin shipyard with cutting edge design, light weight boats of aluminium hull and FRP superstructure. High court to Vypin on the first phase takes 20 minutes with tickets costing Rs. 20. Kochi One cards can enable seamless travel on Kochi Water Metro to Kochi Metro with weekly and monthly passes,

LyrArc Article Gist
Did you know that 2.3 billion cycling tourism trips are taken in Europe each year according to the European Parliament? French cycling enthusiast and sports writer Claude Droussent, 65, puts together Cycling Atlas Europe, a book showing 350 one day cycling trips one can do in Europe. This follows Cycling Atlas North America also published by Rizzoli that he did with Greg Le Mond. It is intended to give people a chance to discover new places in a short few hours bike ride from where they are in a nature setting along mountainous terrain or along the coast. It is both adventure travel and discovery that is becoming popular after Covid. An app Strava provides an opportunity to talk to people who know about each ride.

LyrArc Article Gist
Natural gas prices are down by about half in the last month after warmer weather and higher inventories in Europe and the US. On January 6 2023 wholesale natural gas prices in Europe eased to 74 euros ($78) a megawatt hour, down from a high of 350 euros in late August. This is a significant development as it means blackouts, industrial closures, recession is less likely in Europe. It also helps bring inflation under control. Prices are back down to where they were before the Ukraine invasion. This is still seven times higher than prices in 2020 reports the WSJ. The lower the price the lower the bill for the German government. Across Europe 706 billion euros were allocated for support on natural gas price by governments since September 2021.

LyrArc Article Gist
Following Scotland's decision to provide women's hygiene products free can India do the same and provide women's period products free, asks Isha Bhatia. She describes her experience with the lack of hygiene products for periods when she was growing up in India and remembers being handed a dirty cloth by her grandmother. About 70% of all reproductive diseases in women are caused by poor menstrual hygiene. The cost of Rs. 100-250 is too much cost for average Indian families. Only 18% of Indian women have access to sanitary pads. The cost should be brought down with government subsidizing manufacturing of sanitary pads so that it would cost less than 10 rupees or be provided free under government subsidized initiative for women's health.

LyrArc Article Gist
One in three students in Germany live below the poverty line. A 5.75% increase in government support is lost in inflation. Melissa is a 23 year old student at the University of Bonn with just 25 euros a week for shopping on food in this story in Dw.com. This means living on potatoes, cottage cheese and vegetarian schnitzel. She gets  about 1000 euros a month, 750 euros from the government and 219 euros from her parents. Of this 400 euros go to rent, 300 for semester fees, 

A person is considered risking poverty living on 1251 euros a month. Government support is set at a maximum of 934 euros a month for students not living with parents.

 

LyrArc Article Gist
India's roadmap for the first of 25 years to 2047 shows key goals of Inclusive Development and Empowered youth, women and all sections of society in growth. It builds on the work since 2014 of Leaving No One Behind.  Sab Ka Saath, Sab Ka Vikas, Sab Ka Viswas, Sab Ka Prayas remain the key ideas behind it. With All, For Everyones progress, Confidence of All, Efforts of All. To provide essential nutrition as the floor foodgrains were provided to 800 million for 28 months and extended to Jan. 1, 2024, investing $31 billion. Building also on having achieved the doubling of per capita income to 2 lakh rupees, about $2500 since 2014, ensuring better quality of living and life of dignity for all citizens.