World News Insights
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Browse Articles or use Lyrarc's US patented "Groups" and "Links" for new insights. A Lyrarc Group of Articles on a topic gives insights into particular angles shown in the Group Title. A Lyrarc Link shows more specific insights for 2 articles.

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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.

Amid Mergers, Alaska Air Prefers to Fly Solo

3 Groups   
Wall Street Journal - 06.11.2013 Original article ›
Susan Carey, Susan, Carey
LyrArc Article Gist
The WSJ's Susan Carey interviews Alaska Airlines CEO, Brad Tilden, in June 2013. Tilden talks about the expansion to flights on the East Coast using Boeing's newer planes which do not need refueling on transcontinental flights. Alaska Airlines now flies to New York, Boston, Washington D.C , Chicago, Denver and Dallas. Alaska Airlines is strong on the West Coast and Pacific Northwest, with headquarters in Seattle. Connections with American and Delta are another asset. Management maintains good labor relations, and strives to be nimble with speedier decisionmaking than rivals.
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Is Angela Merkel Too Boring for Germany?

  
New York Times - 09.16.2013 Original article ›
Stefan Kornelius, Stefan, Kornelius
LyrArc Article Gist
Stefan Kornelius, foreign editor of the German newspaper Deutsche Zeitung, on the calm deliberative style of Angela Merkel, taking an issue, analyzing it down to all the details, and taking action cautiously, meticulously, carefully. This approach worked for the eurozone crisis but a more enterprising risk taking approach may be necessary on other issues. A sense of foreboding about the election results, with her partners, the Free Democrats, coming out with few or no seats in parliament, and the poorer than expected results for Merkel in earlier elections.
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States’ Minimum Wages Rise, Helping Millions of Workers

1 Links 5 Groups   
New York Times - 12.31.2014 Original article ›
Rachel Abrams, Rachel, Abrams
LyrArc Article Gist
Oxfam reports that about half of the people showing up at soup kitchens in the U.S. are people with one person in the family working at a minimum or low wage job. About 3.3 million American are affected at the $7 federal minimum wage. The White House proposes a $10 minimum wage that it say would affect 28 million Americans. For most of these people working mostly in low wage retail jobs this can mean having more food and often having the money to take a bus instead of having to walk to work.
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Voices of Pakistanis on the elections in 2013 and the issues of Security, Energy, Economy and Corruption

  
New York Times - 05.11.2013 Original article ›
Shreeya Sinha, Shreeya, Sinha
LyrArc Article Gist
Voices of ordinary Pakistanis from Lahore and Karachi to New York city on the issues facing Pakistan and the elections of 2013. A sense that Pakistan is about to change and hope that efforts will be made by the new government to tackle the issues of security, electricity shortages, the economy and corruption, putting all children in schools, and creating a large middle class similar to Brazil, Mexico, Malaysia, Indonesia. About 40% of Pakistani children do not attend schools according to some estimates, in a country where two thirds of the population is young.
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Panasonic President Sees Short-Term Pain in Restructuring

8 Groups   
Wall Street Journal - 07.13.2012 Original article ›
Daisuke Wakabayashi, Daisuke, Wakabayashi
LyrArc Article Gist
Panasonic CEO, Kazuhiro Tsuga, says the company is conducting a strategic review of 90 business areas in July 2012. He said Panasonic still has businesses that are losing money and about half of its businesses are providing less than 5% profit on revenues. He said the charges for the restructuring process could exceed the 41 billion yen target, because the company "will take the action we need to take." He said the company will look for partnerships in the TV set business in China, especially if partnerships mean the businesses will do better.
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British Doctor Guilty in Failed Attacks

  
New York Times - 12.16.2008 Original article ›
John F. Burns, John, F., Burns
LyrArc Article Gist
The failed June 2007 bombings planed and executed outside of the theater district in London and at the Glasgow airport terminal do not get as much media attention now but could have done a lot of damage and caused many deaths and injuries as well as panic in London and Glasgow. The terrorists were from Iraq and Jordan London and highly educated being doctors and part of the National Health Service. In the light of the Mumbai attacks it shows that the vulnerability of the UK from disaffected muslims.
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Big Data Is Great, but Don’t Forget Intuition

2 Groups   
New York Times - 12.29.2012 Original article ›
Steve Lohr, Steve, Lohr
LyrArc Article Gist
Rachel Schutt of Google Research says Big Data is useful but its important for people to have a understanding of the ethical implicaions. She points out that someone who can think innovatively, has curiosity, can bring a new sense and meaning to data that is absent for someone who lacks these dimensions. Lohr emphasizes what is intuition but the brain absorbing and processing large amounts of data in a short time, something the more simplistic models and algorithms of Big Data may fail to do in the manner of the human brain.
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U.S. Wants Criminal Charges for RBS

8 Groups   
Wall Street Journal - 01.29.2013 Original article ›
David Enrich, David, Enrich, Evan Perez, Evan, Perez, Dana Cimilluca, Dana, Cimilluca
LyrArc Article Gist
A unit of RBS, possibly in Asia, is likely to plead guilty to manipulating the London interbank offered rate (LIBOR). A settlement with U.S. prosecutors is likely by mid-Feb. 2013. A penalty of 500 million pounds or $790 million is expected as part of a legal settlement, according to people briefed on negotiations. RBS is 82% owned by the British government. This follows legal settlements totalling about $2 billion with Barclays and UBS. Banks are also concerned about the risks of private litigation. Deutsche Bank is being investigated for its involvement.
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Money Trickles North as Mexicans Help Relatives

1 Groups   
New York Times - 11.16.2009 Original article ›
Marc Lacey, Marc, Lacey
LyrArc Article Gist
Unheard of things are happening, but that is what this recession is doing to immigrants from Mexico to the United States. Families from poor states like Chiapas and Oaxaca in Mexico, are sending money north to the USA to support a son or a family member, who is unemployed in the US and unable to return home. One father says he sends money just so his son can eat. And a family in rural Oaxaca sold a cow to send $1000 to a family member in the USA.
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May It All Come True

  
New York Times - 12.06.2009 Original article ›
Thomas L. Friedman, Thomas, L., Friedman
LyrArc Article Gist
Karzai a new man, the Karzai government which Gates has called a "crime syndicate" changing its face in an astonishing aboutface. Pakistan ending its obsession with India, with no change on either side Pakistan or India for a joint focus on economic development in South Asia, and no deep transformation of America's role in South Asia. The things Friedman wishes for so that the Obama presidency does not in his words sink in Afghanistan are asking for things that just don't happen with some sort of troop surge.
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Survivor: Detroit

1 Groups   
New York Times - 12.20.2008 Original article ›
Editorial
LyrArc Article Gist
The NYT editorial reminds readers on the day following the Bush bridge loan approval that it would have been far better to ask the the top executives to step down as anecessary step to push substantive change through Detroit's entrenched mind-set. Which again poses the question whether Wagoner is the right CEO to reinvent the company as he said he would do. And by February 17, GM has to get bondholders to convert at least two thirds of their debt into equity, so achieving even the near term hurdles remain uncertain.
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Someone needs to watch over changes at the Detroit Three

1 Links 1 Groups   
Detroit Free Press - 12.21.2008 Original article ›
Tom Walsh, Tom, Walsh
LyrArc Article Gist
Tom Walsh, columnist at the Detroit Free Press is very skeptical that anything will change with Gettelfinger and the UAW, Cerberus, GM executives and other stakeholders who will stall and try to look for advantage even as Detroit's workers are at risk. Communities in Michigan are at risk and communities across America. He calls for President elect Obama to appoint a really good car czar who will force the different parties to make the changes that are required, or nothing will happen and things will get to the worst outcomes possible.
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Original article 1 minute, gist 1 minute

India Faces an 'Enron Moment'

1 Links 9 Groups   
Wall Street Journal - 01.09.2009 Original article ›
Salil Tripathi, Salil, Tripathi
LyrArc Article Gist
Give that information disclosure is not rapid enough or transparent in India, this writer says there are probably more Satyams out there in India's listed companies. He finds that the company's outside auditors, its Board with Krishna Palepu, a Harvard Business School Professor, and Vinod Dham one of the brains behind the Intel Pentium chip, and stock exchange regulators, all failed to exercize the due diligence and supervision that they were expected to perform. Only outside institutional investors acted and forced the company chairman to make the disclosures about its practices.
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Intel's Net Plunges as Demand Dries Up

1 Groups   
Wall Street Journal - 01.16.2009 Original article ›
Don Clark, Don, Clark, Ben Worthen, Ben, Worthen
LyrArc Article Gist
Intel's quarterly sales for 4th quarter 2008 fell by 23% from a year ago, to $8.23 billion. And Intel cannot estimate what 2009 will be like or the first quarter of 2009. In semiconductors the situation is complicated by declining prices with DRAM chips falling by 24% in the fiscal quarter ending Dec 4, 2008 for Micron Technology, and flash memory chips falling by 34%. This is also because of overcapacity and excess inventory. The netbook craze is putting downward pressure on all PC prices across the board, according to Gartner Research.
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A strong Signal on Global Warming

2 Groups   
New York Times - 01.27.2009 Original article ›
The Editors, The, Editors
LyrArc Article Gist
Room for Debate in the New York Times is a running commentary on the news. This is a type of format for opinions of experts on issues in the news, which invites readers to comment. Instead of an article or blog with comments, a range of expert's opinions are presented first before readers are invited to comment, in the hope that readers have a chance to look at the issue from different angles before expressing themselves. Two recent issues were nationalizing the banks, and this one on states setting their own fuel efficiency standards.
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Glaxo Warns of a Charge, Hints at Pact

2 Groups   
Wall Street Journal - 01.30.2009 Original article ›
Jeanne Whalen, Jeanne, Whalen
LyrArc Article Gist
Glaxo's 2008 earnings take a hit of $400 million from a settlement of a five year investigation by the US attorney's office in Colorado and the US Attorney's office in Massachusetts. The investigation was about the manner in which Glaxo marketed its antidepressant drug Paxil and the drug Wellbutrin SR. Glaxo is said to have promoted the depressants for off-label uses. This follows settlements of $2.3 billion by Pfizer for off-label promotion of painkiller Bextra. Eli Lilly settled with $1.4 billon for similiar charges on antipsychotic medicine Zyprexa.
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In U.K., Getting Tough With Nationalized Banks

1 Links 5 Groups   
Wall Street Journal - 02.09.2009 Original article ›
Alistair Macdonald, Alistair, Macdonald, Sara Schaefer Muñoz, Sara, Schaefer, Muñoz
LyrArc Article Gist
The bonus issue at RBS bank in the UK, where performance has been abysmal but 1 billion British pounds in bonuses were planned. The public outcry. RBS has been the biggest disaster in British banking or one of the biggest. It has angered Prime Minister Brown for the Government to come up with $20 billion pound injection of capital into RBS recently, yet the current management saw it fit to consider this sizable bonus. Somewhere in all this there is a disconnect between what makes sense and what does not make any sense.
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Cutting the President Slack Is So Old School

  
New York Times - 02.22.2009 Original article ›
Sheryl Gay Stolberg, Sheryl, Gay, Stolberg
LyrArc Article Gist
The virtues of bipartisan support for the elected President in achieving the goals in his mandate from the people. The Gingrich effort during the Clinton Presidency and the Cantor effort in Congress for Republicans to vote against the Stimulus Plan, do not follow the pattern of bipartisan support for the President that has been the usual experience. There are dangers in this type of action especially at a time like this with high unemployment, rising foreclosures, and global financial crisis, and it appears to have been a poorly thought out response.
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World Bank Says Global Economy Will Shrink in ’09

5 Groups   
New York Times - 03.09.2009 Original article ›
Edmund L. Andrews, Edmund, L., Andrews
LyrArc Article Gist
Faced with the prospects of severe hardship in poorer countries, the World Bank gives a realistic forecast for 2009 that shows the world economy shrinking in 2009. It says the neeeds of poorer countries are likely to overwhelm what the IMF and the World Bank can do. And called for seting up a"vulnerability fund". Even if the World Bank tripled its lending in 2009, it would only reach $35 billion. The combined gap the emerging market countries face it says, is at least $270 billion and upto $700 billion in the next 2 years.
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President of Poland Is Sanguine on Economy

4 Groups   
New York Times - 03.12.2009 Original article ›
Judy Dempsey, Judy, Dempsey, Alison Smale, Alison, Smale
LyrArc Article Gist
Poland says its President Lech Kaczynski, is not hit as hard as other countries in Eastern Europe, by which he may be referring to Hungary, and may achieve 2% growth in 2009, if things do not worsen considerably. The prime minister of Hungary had warned of a new Iron Curtain coming down over Europe, as a result of the economic downturn. Unemployment is rising, but nowhere near the high double digits of the 1990's, and exports are still holding up, and Polish banking sector is relatively healthy not having made the risky investments.
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Indian Builders Lower Sights

  
Wall Street Journal - 03.17.2009 Original article ›
Jackie Range, Jackie, Range
LyrArc Article Gist
Unitech, DLF, and other builders in India, are switching to affordable housing to meet demand at lower prices of $27000 to $100,000 for a one or two bedroom apartment. This shift means lower margins in the 30 percent range compared to earlier 70 percent margins of DLF. It can make up for profits in volume as there is a growing demand for affordable housing, and prices of raw materials and interest rates are coming down. Buyers are looking for even better prices and some are holding back because of uncertainty about the economy and jobs.
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Retirement Outlook Drops to Record Low

1 Groups   
Wall Street Journal - 04.14.2009 Original article ›
Anne Tergesen, Anne, Tergesen
LyrArc Article Gist
A survey by Employee Benefit Research Institute shows that only 13% of Americans in 2009 feel very confident they will have enough money to retire confortably, compared to 27% in 2007. Things are stable in the middle with those somewhat confident dropping from 43% to 41%, and again shaky at the bottom with 22% saying that they are not at all confident in 2009, compared to 10% in 2007. Overall the curve has shifted towards deteriorating confidence with 31% or about one third saying things were worse than before.
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TV Makers Aren't Turned Off by Slump

2 Groups   
Wall Street Journal - 01.29.2008 Original article ›
Yukari Iwatani Kane, Yukari, Iwatani, Kane, Christopher Lawton, Christopher, Lawton
LyrArc Article Gist
Costco and Walmart Sams Club are selling more flat panel LCD televisions and bringing aggressive pricing to the industry. This is helping Sony, Sharp and other makers because it is making flat panel LCD television affordable. Sales of LCD will increase as people convert both for the high definition signal and clarity of viewing and for the decor sleek new looks. especially since broadcasters will only sendout digital signals in Feb 2009. This means that like tech spending some areas of consumer spending should do beter in this recession.
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Temasek Throws Support To Merrill's Thain

  
Wall Street Journal - 08.27.2008 Original article ›
Rick Carew, Rick, Carew
LyrArc Article Gist
Temasek's investment in Merrill approaching 10% could reach 14%. Temasek's Senior Managing Director Kejriwal says its confidence in Mr. Thain and his team remains high and Merrill's management team has grown stronger in the last 8 months, in an interview. Temasek has $10 billion invested outside Asia. Its total shareholder returns by market value have dropped from 27% the previous year to 7%, and Temasek's Chairman Dhanabalan sees the danger of stagflation as a major threat to the investment environment and sees it posing socioeconomic and political risks for the next three to five years.
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Europe Slashes Growth Forecasts for 2008

2 Groups   
New York Times - 09.11.2008 Original article ›
Carter Dougherty, Carter, Dougherty
LyrArc Article Gist
The European Commission cuts 15 nation euro area growth forecast for 2008 from 2% to 1.4%. For the 27 nation European Union the forecast is dropping from 1.7% to 1.3%. Link this to discussions at OPEC in Vienna and one can see why the Saudis use the argument that high oil prices can lead to a collapse in demand and a collapse in oil prices not helping consumers or producers, when a stable price that reflects the fragile financial markets in the west would better accomodate both sides.
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