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LyrArc brings in selected articles from many of the world's top publications.

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Wall Street Journal Original article ›
New York Times Original article ›
New York Times Original article ›
New York Times Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
BusinessWeek Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
China's government is putting 10 Airbus orders for A380 superjumbo jets by Hong Kong Airlines, and an additional 35 Airbus A330 widebody planes on hold, in response to eforts by the European Union to enforce carbon dioxide emission fees under its ETS system.
Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
The U.S. birthrate edged up slightly for the first time since the recession of 2008 led American families of childbearing age to defer having children. There were 62.9 births for every 1000 women of childbearing age in 2014, increasing from 62.5 in 2013, according to the Centers for Disease Control and Prevention. The total fertility rate also increased slightly to 1.862 children in 2014 from 1.858 in 2013. This is below the rate of 2.1 children a woman would have over her lifetime to keep population at the same level, without immigration. Kenneth Johnson, a demographer at the University of New Hampshire, estimates about 2.3 million more births if the 2008 recession had not led women to defer having babies. In 2014 U.S. births increased 1.4% to 3.99 million children from 3.93 million in 2013. Women over 30 and better educated are showing a larger increase in births.
Wall Street Journal Original article ›
Wall Street Journal Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Sweden which appeared resilient in the early part of the eurozone financial crisis is seeing a sharp slowdown in exports. The government growth forecasts show a steep decline in growth to 1.1% in GDP and unemployment at 8.2% in 2013 as eurozone exports decline. GDP growth forecast for 2014 is at 3%. The decline is from the 3.7% growth in 2011. About a third of Swedish exports go to the eurozone countries. Sweden's steel company SSAB has put workers on a 4 day work week and a 20% wage reduction as demand declines. Finance minister Anders Borg says "Our assessment is that Sweden is facing a couple of lean years. It is becoming clearer that the crisis in Europe and developments in the U.S. are again costing jobs and weighing on growth in Sweden."
Wall Street Journal Original article ›
LyrArc Article Gist
See the important link to Keith Johnson, 7/9/2007, WSJ, on the economics of wind energy, suppliers, and the industry in the US and Europe, and the shortage of turbines because of some 800 parts that go into the turbines and blades making it a complicated supplier issue to get more turbines. We can make only more turbines as fast as we can access the last of some 8000 components says a Vestas executive. Windmill generated electricity was only 0.4% of the electricity generated in the US compared to 0.1% for solar and 0.4% for geothermal but of the new energy added in the US in 2007 it was 30% of the new energy generating capacity added. So it has a disproportionate share of the increase in generating capacity starting from an insignificant base. Its a new industry but with many companies the largest being Vestas of Denmark, GE Energy, Nordex of Germany and Accoiona of Spain. Germany, the US, Spain India, and China are countries at the forefron of the wind energy business. Because the business is relatively new manufacturers were not providing the installation and maintenance required in emerging market countries in 1995 when Suzlon which had powered its yarn business in Surat, Gujarat with 2 wind energy turbines from Vestas entered the business seeing an opportunity. Mr Tanti of Rajkot, Gujarat, Suzlon's founder saw the opportunity and used European firms to design his turbines and blades and provided energy to Bajaj Auto and large Indian companies that have an erratic supply of electricity because of chronic electricity shortages. Starting with a tax break which allowed Suzlon to deduct windmill costs against its sales tax bill enacted in 1999 and retracted in 2002 Suzlon took advantage of lower manufacturing costs in India. Its main plant is in Pondicherry, India. By 2002 sales had increased to $131 million in India from $32 million in 2000. The company entered the US market in 2003 and in 2004 with the boomin stock market in India Citigroup took a 9% stake in Suzlon for $22 million. By 2005 Suzlon because of lower manufacturing costs had margns of20% compared to 8% for European companies and Suzlon raised $340 million in an IPO. With loans from Barclays and Deutsche Bank Suzlon bought European parts makers Hansen Transmission in 2006 and set up a factory in Tianjin, India. Early on in the 1990's it had set up an R&D center using engineers in Germany of a supplier company in wind energy Sudwind that had exited the business, this R&D center now designed its largest turbine for US and European markets of 2.1 megawatts and blades 50 yards in length. Today Tanti and Suzlon are faced with problems accessing the world class technology of the western companies as its technology has not kept up with the technological advances especially in addressing the needs of western markets. It has about 8% of the US market and about $1.8 billion in global sales. Its pricing to Edison Energy in 2006 for 1.2 megawatt turbines was 20% below European and American manufacturers. Its latest designs have flaws because Edison Energy of Irvine , California, has seen cracks in the blades at 3 windmill sites in the midwest USA and Suzlon has withdrawn 1251 blades, the majority of the ones sold in the US. Deere and Company another customer has experienced the same problem. And even though it has moved to acquire technology by taking over 33.6% of REpower which has advanced technology and makes 5 megawatt turbines. its mired in its efforts to get the blueprints of advanced designs from REpower because German law considers minority shareholders like Suzlon as competitors, other shareholders Areva of France and Martifer of Portugal have to be bought out and minority shareholders also bought out before Suzlon can access the designs. Speed, funding, tax breaks, and timing to attract capital, and most of all insight and courage to see a growing opportunity from its own experience of using two 2.1 megawatt turbines from Denmark's Vestas, and looking deeper into problems with maintenance and support in Asia and lack of technology for homegrown development that hamstrung development of energy alternatives in dire and chronic electricity short Indian companies, this has helped bring windpower to India and a new company in a new industry from scratch. ...
DW.COM Original article ›
LyrArc Article Gist
Kenyan politics is conducted along tribal lines since the country's independence in 1963. The Mau Mau rebellion under Jomo Kenyatta involved the Kikuyu tribe. Kikuyus at over 6 million are the largest tribe followed by the Kalenjins at about 5 million and the Luo tibe at about 4 million population. The Kenya African National Union Party of Jomo Kenyatta has run thecountry since independence. Kenyatta till 1978, followed by his vice president Daniel Arap Moi till 2002. Multi party politics since 1992 led to elections conducted purely on tribal lines, with the KANU appealing to Kikuyus, and Kenya Arican Democratic Union under Odinga appealing to Kalenjins. In this election Uhuru Kenyatta the son of the former president is running against Odinga of the KADU, son of the former Opposition leader. The government is also run on patronage with positions handed out to loyalists and tribe supporters. Former U.S. president Obama's Kenyan father could not find a position in Jomo Kenyatta's government because of tribal differences. After the clashes in 2007 with disputed elections the situation has led to further ethnic tensions.   ...
WSJ Original article ›
LyrArc Article Gist
The EU Commission's first Vice President, Frans Timmerman, says it is ready to act against Poland under Article 7 of the Lisbon Treaty that protects the rule of law and independence of the judiciary. This would strip Poland of its EU voting rights. Poland's new law lets the government appoint judges letting it control the judiciary.   Timmerman said the Polish laws are "a systematic threat to the rule of law."

Wall Street Journal Original article ›
New York Times Original article ›
Economist Original article ›
LyrArc Article Gist
With the increasing unpopularity of the PRI party government, after corruption scandals and othe problems, the turnout in the midterm elections is expected to be low. In the state of Nuevo Leon, with the capital at Monterrey, the business establishment is backing a independent candidate Jaime Rodriguez, as an alternative to the PRI candidate.
Wall Street Journal Original article ›

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