LyrArc Article Gist
Li Qiming gets a six year prison sentence for drunk driving and manslaughter. Defence lawyer says the legal process was flawed in this case.

LyrArc Article Gist
Lee Kwan Yew reflects on life in his 87th year with his wife, 89 years, mute and bedridden. He keeps active with a regimen of cycling, swimming and massage and keeps up his schedule of meetings and work as he understands not doing this wold be to go downhill quickly. And also laughs at the futility of it all, as each year he has less energy than the last. His wife Kwa, has been a constant companion since their days as law students in London. He misses the comfort other people find in religion and prayer.

LyrArc Article Gist
A detailed account by the Washington Post on the life of Pvt. Bradley Manning and the events leading to the Wikileaks disclosures.

LyrArc Article Gist
Margarethe Vestager brings a candour and forthrightness rare in European politics. As economy minister and deputy prime minister she led the Social Liberal Party in the coalition government in Denmark. The Social Liberal Party is unique in that it is part of left leaning alliance with Social Democrats, yet emphasizes as part of its platform education that encourages the creative development of pupils, and freedom in methods of teaching to encourage creativity. Vestager has increased the scope of the EU investigation to look at the Android system in mobile, and filed formal anti-trust charges against Google. Vestager says about Google, that "the amount of data it controls gives rise to societal challenges." She graduated in Economics from the University of Copenhagen. Her husand is a math teacher. One of her hobbies is knitting elephants, and one of them will be offered for bidding at the Danish Seamen's Church in Brooklyn, where she is speaking on April 19. She brings a fresh breath of air to the functioning of the European Commission in Brussels, often viewed as bureaucratic and slow. ...

LyrArc Article Gist
William Broeksmit built Merrill Lynch's business of trading financial derivatives with Anshu Jain in the early 1990's, and was later hired by Deutsche Bank with Jain for the investment bank of Deutsche Bank. He is found to have committed suicide by hanging, with multiple suicide notes including one to Jain. Coroners say the notes show Broeksmit felt he was being investigated in connection with probes into Deutsche Bank and was being abandoned by colleagues.

LyrArc Article Gist
Walmart CEO Mike Duke talks with Journal reporters Ann Zimmerman ans Miguel Bustillo. He says customers are under alot of pressure, and he sees what they buy, delaying purchases and the buying at midnight on the first of the month. Apparel sales are down and so are discretionary purchases and basic necessities and things like vitamins and the $4 generic pharmaceuticals are up. Walmart sees 140 million customers in stores every week, and has information systems to show how customers are buying, which gives it a unique lens through which to see changes in buying behaviour after the financial crisis and increasing numbers of jobless. Customers are saying he says that I will invest in basic needs and defer discretionary purchases. Among other things he talks about sustainability as something his company is paying attention to.

LyrArc Article Gist
This Washington Post article by Henry Farrell explains the implications of the 2016 EU ruling on Apple asking it to pay 13 billion euros in back taxes. Other countries in the European Union are upset that Ireland is taking away business and siphoning away tax revenues from their country, and giving most of it back to Apple. Normally the European Union Commission does not have authority over taxes in the member states. However considering the social and political implications at a time of deep recession and political upheaval in the EU and the U.S., the European Union Commission under Margarethe Vestager has seen it proper to look at arrangements in which companies come up with tax arrangements that deprive member states unfairly of tax revenues- revenues that could support social welfare and basic education, healthcare services at a time of painful cuts. A tax rate of .005% in 2013 for Apple is cited by Vestager as she points out that Apple's taxable profit does not correspond to economic reality, as most operations are conducted outside Ireland. Ireland is just on paper the tax location for EU operations. Vestager has thus come up with a legal approach based on Ireland's tax arrangements being a form of illegal state subsidy, which is not allowed under EU rules, and gives the EU Commission authority to require that it be reversed by paying the back taxes of 13 billion euros. Farrell answers the question why the U.S. Treasury is saying that Apple should not have to pay these taxes, as the U.S. also hopes to get some of these taxes at some future date with Apple repatriating profits to the U.S. under a still to be set tax arrangement. ...

LyrArc Article Gist
WIth extensive experience as Chief Investment Officer from 2003 to 2012, Sauter has seen market swings and extreme volatility over a long period of a decade. For the current investment cycle and the pullback in Oct. 2014, he points to the pullback of -16% in spring 2010, and pullback of -18% in summer 2011. In the bigger picture of the chart for this period since 2010 these pullbacks look less significant. There are reasons for a pullback. The conflicts around the world bring more uncertainty for business investment, though Sauter's point about the conflict being more than any period since 1946 may be an overstatement because this includes the period of the Berlin Airlift, Iron Curtain in Eastern Europe, Korean War, Vietnam War, and the twin wars in Iraq and Afghanistan.There are problems in the eurozone economies with near contraction in Germany in the 3rd and 4th quarter. China is slowing down at the same time. The U.S. economy and lower oil prices are the bright side of the picture. Overall the comment by Christine Lagarde during the eurozone crisis in 2012 is still relevant. When asked about the situation then, she suggested adding perspective to what was happening by asking "compared to what?" referring to the situation in 2009, 2010 and 2011. Sauter says investors who remain steady are more likely to be happy some years from now that they remained that way....

LyrArc Article Gist
No mention is made by Kemi Badenoch of the Cultural Literacy needed to preserve British values and culture.

LyrArc Article Gist
Many of the one million veterans get their care at VA hospitals. Between 2018-2021 Medicare paid insurance companies $44 billion for Medicare Advantage plans that many of the 1 million veterans covered did not use as they went to VA hospitals for care, according to this story in the WSJ. During that time VA paid $46 billion for veterans care.

LyrArc Article Gist
The Free Democrats led by Christian Lindner are polling about 4% a week before the elections in Germany. Lindner's FDP was part of the Scholz SPD Greens coalition after winning 11% of the vote in 2021. Elections would be held in 2025 March. Yet with FDP breaking away from the coalition as its popularity dropped elections will be held next week. From the beginning this coalition was not a good one as FDP supported the debt brake and no spending, when Greens and SPD promised investment in infrastructure that were neglected by Merkel's CDU. Germany economy as shown in the article alongside by Tankersely and Eddy reporting from Wittenberg in the eastern region, has not grown in 5 years. Crumbling infrastructure is seen everywhere in cities across the country and the rail system lacks much needed investment.  Scholz wants to reverse this with Made in Germany and remove the debt brake. The CDU wants to cut taxes and regulation. No one knows if the FDP will pass 5% of the vote needed to have representation in parliament. It happened before for FDP- before the 2021 election. ...

LyrArc Article Gist
A transformation of the scale of what De Gaulle did for France in about that same period 1954-1963, in 13 years transforming a agricultural state with 80% illiteracy under British rule in 1947- this happened in the former Madras Presidency, Madras state in post independent India. Schools and high schools spread across the state, national to the state public sector projects were brought for industry, and dams built for electricity to the towns and rural areas. That is the story of Madras in that period. It was all done with clean governance with Gandhiji's principles. The period after the 1970's led to governments with caste based politics with lower castes from a Self-Respect movement pitted against Brahmins and upper castes sort of like the Irish as a deprived caste pushing out the Boston Brahmins yet binging with it Tammany Hall style politics of New York in the turn of the century America. By the 1900's you had Theodore Roosevelt challenging this kind of Tammany Hall politics, for clean governance. In 2024 Modi is sort of like Theodore Roosevelt challenging the existing system in the Tamilnadu Madras state on the basis of seeking the Nation's development and modernization comparable to China and Japan by 2047 what is called Vikshit Bharat. This is the only way to understand it for Americans as Indian themselves don't fully understand many castes interwoven in India as different groups and nationalities are in Europe plus more stratification. ...

LyrArc Article Gist
PM Modi pays homage to Atal Bihari Vajpayee who set India on the course of modernization and technological advancement, its course for unification as a parliamentary democracy under the Indian Constitution. "Atal Ji understood Indian democracy and also the need to make it stronger. Atal Ji presided over the creation of the NDA, which redefined coalitions in Indian politics. He brought people together and made NDA a force for development, national progress and regional ambitions. His Parliamentary brilliance was seen throughout his political journey. He belonged to a party with a handful of MPs but his words were enough to rattle the might of the all-powerful Congress Party that time.” “When it comes to the social sector, an initiative like the Sarva Shiksha Abhiyan highlights how Atalji dreamt of building an India where modern education is accessible to people across the nation, particularly for the poor and marginalised sections. At the same time, his government presided over many economic reforms which set the stage for India’s economic surge after several decades of following an economic philosophy which encouraged cronyism and stagnation.” ...

LyrArc Article Gist
Huge save by Donnarumma gets PSG into the final 8 in European soccer Champions League. Donarumma saved two of 3 penalties of Liverpool in a rematch. Over his career Donnarumma who started at AC Milan has saved 23% of penalties.

LyrArc Article Gist
Ram Nath Kovind has 16 years of experience practicing law before the High Court of Delhi and the Supreme Court. In 2002 he represented India at the UN General Assembly. As Governor of Bihar since 2015 he has worked well with the Chief Minister Nitish Kumar and helped passage of the Lokyukta legislation. He is widely seen as a good choice. Remaining out of the spotlight he has stood up for Dalits by pointing out to members of his community that the Constitution provided Dalits with right to education and representation, which provided the means to give the next generation better opportunities in life. He got his first experience in public life as personal secretary to Moraji Desai in 1977, when Desai became prime minister and leader of the Janata government.

LyrArc Article Gist
A detailed discussion of P/E ratios and opinion of different experts on why the U.S. stock market may be overpriced in 2012. The divergence between P/E ratios in Europe and the U.S. is of special concern. P/E ratios for 10 years in Germany and France are at 12, compared to 22 for the U.S. The gap between U.S. and German and French valuations is about 10%, compared to a 120 year average of 1.7 percentage points, says the chief investment officer of Citi Private Bank in London. Safety is one factor, but the divergence is too wide to be accounted for by safety alone.

LyrArc Article Gist
The team of 5 engineers decided they would produce the first Vande Bharat train in 18 months- Project 18. The Indian Express talks to the team of original engineers who were on Project 18.  They are all part of Chennai Integral Coach Factory, setup with Swiss collaboration in 1955. By 2019 the first train was operational at speeds of 180 km per hour, semi-high speed and setting the transition to high speed trains developed entirely within India. Sudanshu Mani, General Manager of ICF, headed this effort and set the target of 18 months. He says China used to import all its trains and one day just decided to make its own- he asked himself the same question, why don't we make our own? Mani was in Berlin for 3 years on an earlier collaboration for train technology in the 1980's. By the 1990's this technology was 20 years old he says. That's how long it took to get anything done in those days, by the time it got started the technology would be obsolete. By 2018 just 2 years before retirement Sudanshu set up the Project 18 team convinced that this was the only way to get it done- to beat the odds. Devi Prasad Dash heads electrical engineering. Srinivas heads mechanical engineering. Pradhan is Chief Design Engineer. They did everything from scratch. There are 5000 others who worked on the project. Dash says it was like T20 cricket, just that they decided to do it in 18 overs. Ever wonder why the train is all white and with blue stripe? Subranshu who was chief mechanical engineer at the time says they tried other colors. Manish Pradhan says they decided on white after one thought that Indian trains are never white because we had that belief that anything white would get dirty faster. That is when we decided to make it all white and it will not look dirty, he says. Sudanshu Mani says he would close his eyes and he would see always the old Indian trains that one would see from the 1960's from Ahmedabad to Rameswaram, and onto Colombo after the ferry. At that time Colombo had Canadian coaches and locomotives under a Canadian aid plan from Talaimannar to Colombo which were like American trains, looked miles into the future.The same thing must have happened to Chinese engineers because Chinese premier Chou-en-lai visited the ICF in Chennai in the 1950's and wrote that Chinese engineers could learn about the new Swiss technologies from ICF Chennai. That is when the Swiss were building their own trains with European technology of that time. China and India, and Japan had no idea about the high speed trains that were in the future. This is how technology advances. This is how people build better lives and how the aspirations and hopes of younger generations become a reality. Somewhere in the dim light of the past there is a Chinese engineer with the undaunted courage, concentration and determination to "Just Do It," and before that a Japanese engineer, and before that a Swiss engineer designing a train for the Swiss Alps, a Canadian or American engineer designing newer trains for the Prairies all the way to British Columbia and California. All dreaming Big and executing Well, with the resources of each country there to aid them each step of the way. ...