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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.


Wall Street Journal Original article ›
LyrArc Article Gist
Natural gas prices have declined to $3.34 per million BTU's in Jan 2013. This is about a fourth of the prices in 2006 and 2008, when prices were above $12 per millon BTU's. The result is a rebirth of industry in the midwest and other regions in the U.S. Here the WSJ's John Miller covers a Nucor $750 million investment in Louisiana for a new steel plant. Oddly Nucor did just the opposite in 2004, taking apart a steel plant and shipping it on ocean barges to Trinidad, where natural gas is abundant.
Washington Post Original article ›
LyrArc Article Gist
McChrystal as one of the five best generals in the army today according to one general who worked with him in Iraq, and the perfect man for th job. He was chief of staff for an army task force during operations to overthrow the Taliban in Afghnistan so his work with Afghanistan goes back many years. He is a field and hands on kind of guy, and at the same time has the intellect and listening ability to coordinate things with others, which may be badly needed here.
Wall Street Journal Original article ›
LyrArc Article Gist
Should Bear have been allowed to fail? Would a bankruptcy of Bear Stearns created enough of ascare among highly leveraged investment banks and financial institutions that they would have started straightening out their finances 6 months earlier in crisis fashion without letting the 6 months pass without the necessary actions? This was stated in aspeech given by Ken Lewis after the failure of Lehman Brothers and the subsequent crises at other banks led to a wake up call on Wall Street. Here James Freeman of the WSJ makes asimiliar argument.
New York Times Original article ›
LyrArc Article Gist
Habitat for Humanty is shifting to fixing homes in Saginaw, Michigan, which has so many vacant homes. With $500,000 from state and local governments and an agreeement with the city, volunteers and pid workers plan to demolish two vacant dilapidated houses here aweek, every week for the next 2 years. About 800 homes in this city sit empty and abandoned. Saginaw is down to 56,000 residents, half of what it had in the years the auto industry was at its strongest. Now what jobs exist are mostlyy in health care.
New York Times Original article ›
LyrArc Article Gist
Huge investments to make Saudi Arabia one of the three largest chemical producers in the world. See the groups and links to questions about this investment binge- will it generate enough jobs considering the size of the investments? Is this the most productive use of the money, what are the alternatives and so on. From the standpoint of oil prices the Saudis wouldn't be too receptive to oil price decreases and reluctant to increase oil production if they need the money to finance the investments described here, huge petrochemical complexes and whole new cities.
Wall Street Journal Original article ›
LyrArc Article Gist
Collapsing sales for all automakers with GM results 45% decline in October 2008 over October 2007, and Toyota saw decline of 23%, Honda 28%, Ford 30%. One GM marketing executive said its like the lights were turned off in October. Dire consequences for the US and global economy. Toyota once seemingly immune to all this is affected not just here but back in Toyota City in Japan as the area around Nagoya is going into shrinking mode, and the Japanese economy will likely contract by 1% in 2009.
Wall Street Journal Original article ›
LyrArc Article Gist
Analysis of 126 public pension plans by the National Association of State Retirement Administrators shows an average target rate of 7.68%. New York State Common Retirement Fund, third largest by assets, says it plans to drop the assumed rate of return to 7% from 7.5%. A drop of 1% boosts pension liabilities by about 12%, accoridng to the Centre for Retirement Research at Boston College. It means workers are required to contribute more to the pension funds for the same level of benefits, especially as lifespans grow and more Americans retire in an aging population. Other options are for states to cut payrolls and expenses. This is a positive step as it makes the assumptions realistic and improves the fiscal stability of the funds. The largest pension fund, California Public Employees Retirement System is considering dropping its assumption to below the current level of 7.5%. The lower assumed rates of return are not enough say critics, who cite the 3- 3.5% returns assumed in the 1960's for cash and bond based portfolios. The Laura and Arnold Foundation's Josh McGee says it is still not realistic. Retirement systems median actual return was 3.4% for 12 months ending June 30, 2015. Expert panel of actuaries and pension specialists says the right level for assumed returns is about 6.4%. Companies in the Fortune 1000 have already dropped the figure to 7.1%, from 9.2% in 2000, according to Towers Watson survey....
Wall Street Journal Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Mr. F. W. De Klerk, former president of South Africa from 1989 to 1994 and deputy president under Nelson Mandela till 1996, set the path for reconciliation and a mutiracial open society based on democratic process after Apartheid. Here he says some of the original vision for reconciliation and multiracial society based on constitutional processes is being lost under the presidency of Jacob Zuma of the ANC. He points to the growth rate of 5% achieved under president Thabo Mbeki from 2005 to 2007. The economic stagnation and corruption under the Zuma administration means South Africa is falling behind in tackling problems of wide disparity in incomes of the vast majority of black people, as only about 15% of the black population have benefitted under president Zuma. WIth political appointees in key positions for state run enterprises, municipal administration, and in the public service, services to the public are deteriorating. The Communist Party's hold on key postiions in the ANC and 12 cabinet positions, is reversing policies for an open economy with more state control. De Klerk says the point at which this happened was in Dec. 2007, when certain factions led by Mr. Zuma took control of the ANC at its national conference in Polokwane. The drop in commodities prices have hit South Africa hard and poor management of the economy adds to South Africa's many problems in 2015....
The New York Times Original article ›
LyrArc Article Gist
Former Texas Senator Kay Hutchinson, America's new ambassador to NATO, offers this spirited defense of NATO in an NYT op-ed. She points out that when it comes to European defense and need to revitalize NATO there is no difference between president Trump, Rex Tillerson, Gen. Jim Mattis at the Defense Department, and senators of the Republican and Democratic parties. Rex Tillerson, U.S. Secretary of State, made a similar statement by visiting a war memorial in Italy recently. Chancellor Merkel has made similar statements in her visit to the Baltic Republics. Behind the revitalization of NATO remains another goal to spread the burden of defense evenly so that the U.S. is not bearing a disproportionate responsibility.  Here Hutchinson reminds readers that if all 29 NATO members met the 2014 defense spending pledge - to spend 2% of GDP on defense and 20% of each defense budget on modernizing capabilities- $100 billion in defense funding would have been created for 2016. Hutchinson says the European Defense Initiative will be funded with $4.8 billion for strengthening defenses in Eastern Europe. NATO Secretary General Stoltenberg is taking the lead in ensuring NATO funding goals are met. ...
BBC News Original article ›
LyrArc Article Gist
As Katya Adler of BBC explains here Catalonia's crisis is less about independence than about populism. Catalonia is already one of the most autonomous regions in Spain. Catalans want to be able to choose their future with dignity, yet on independence opinion is divided in Catalonia. Prime Minister Rajoy has not handled the crisis well says Adler, when he had many things in his favor including EU support and support under the Constitution. Police action and the negative coverage have hurt Spain. Adler also points out that Rajoy and Puigdemont may be doing this for political purposes to increase their support. Rajoy's government failed to win support for the 2018 budget as it is a minority government with thin support in parliament. Puigdemont may also have overreacted and called the referendum  without considering this carefully. and having a realistic plan. Both politicians are criticized for corruption in their parties. Catalonia wants to see more investment and revenues sent back to its region from taxes sent to the federal government making financial issues prominent more than grievances about use of Catalan language. ...
WSJ Original article ›
LyrArc Article Gist
Peter Navarro points out the problem with textbook economics and concepts such as comparitive advantage. Many economists from elite universities ignored for a long time the distortions in world trade arising from state subsidies as they used textbook economics without looking at what was happening in practice. Even as the U.S. runs a trade deficit of $ 1 billion a day with China such text book economists ignored for too long the advantages of state directed industries and state directed investments in creating distortions in trade patterns, and not creating a level playing field for the U.S. Here Peter Navarro desceibes what he calls afaux comparitive advantage built on high nontariff and other barriers. Auto tariffs of China are 10 times that of the U.S. Other barriers are intrusive licensing requirements and foreign ownership restrictions. With subsidized land and capital, export subsidies, and tax preferences, unfair trade advantages can be gaine d in many industries leaving the U.S. in a disadvantaged position. Mr. Navarro is assistant to the U.S. president on trade and manufacturing policy, and director of the White House National Trade Council. ...
Original article ›
LyrArc Article Gist
 For the first time in 16 years a candidate is mounting a serious effort to challenge Mr. Erdogan's politics in Turkey. Muharrem Ince of the Republican People's Party says he favors reconciliation, end to discriminatory state hiring practices, end to politics of prestige, and a return to openness. Here a Republican party MP describes visits to parts of Turkey that were traditional and supported Mr. Erdogan as religious faithful since 2002, but which today are increasingly looking for a new path for Turkey. Mr. Ince has a flair in connecting to voters in a unique way, He is what he is- willing to debate Erdogan on television, visiting a opposition leader in prison, speaking out against the changes in Turkey under Erdogan and the failure of leaders in government to send their children to the Muslim schools they support. Inviting his sister to rallies where she wears a head scarf showing he also shares the same faith as a Muslim as Mr. Erdogan and does not put too much faith in symbols as he does in practice of humility. ...
The Times Original article ›
LyrArc Article Gist
Queen Elizabeth II gives her address to the British nation and Commonwealth on April 5, 2020, recalling the day in 1940 when she and Princess Margaret addressed the nation from Windsor. Elizabeth was only 14 years age then.

She said "we as children spoke from here at Windsor, to children who had been evacuated from their homes and sent away for their own safety."

"Today once again, many feel a painful sense of separation from their loved ones. But now, as then, we know deep down, that it is the right thing to do."

The address to Britain comes as deaths pass 5000, and there is a 25% increase in hospitals in the northwest of the country.

The Guardian Original article ›
LyrArc Article Gist
We show here several articles from The Guardian on the topic of family time. Keir Starmer said he would keep Friday nights after 6 pm for family time. His wife Vic Starmer 50 years, works in occiupational health at the NHS and wants to continue her life as usual unaffected by Labour's and her husband's win. The couple wanted to stay at their north London home and not move to 10 Downing Street as the two value their privacy highly. One of the children is taking the GCSE's and the wish is for the family to keep going on as normal. Starmer says he also get a direct insight into the NHS from Vic Starmer's interaction with the NHS staff.

The Times Original article ›
LyrArc Article Gist
Friends, Context matters here. Helgi library shows Sweden sugar intake per capita was 44 grams in 1994, dropping to 32 grams in 2021. US sugar intake per capita is 126 grams. UK per capita sugar intake is 100 grams or 20 teaspoons. Lowest recommended intake is 11 grams per person or per capita, staying under 36 grams is important. Then one can say that 32 grams of 9 teaspoons a day of sugar is about right not to cause ill effects. Consumed in a  Swedish Fika tradition in a social setting with friends at street cafes is good for mental health, so Swedes are about right at 32 grams per day, don't you think?  And have a message for all of us? 

Wall Street Journal Original article ›
LyrArc Article Gist
Intel Capital chief Mr Goel was previously atop executive for the Aditya Birla group in India. He is one of those arrested for giving information to Galleon founder Rajaratnam, about an Intel investment in Clearwire. In the related matter Ms Hussain is alleged to have passed information about Google's 2007 second quarter results to Ms Khan the tipster in the Galleon case.
Wall Street Journal Original article ›
LyrArc Article Gist
The analyst is a Ms Chiesii who was arrested with her boss Mr Kurland. Mr Kurland was chief executive of New Castle Partners, which was part of Bear Stearns before it was spun off by JP Morgan Chase. Ms Chiesi was particularly aggressive about getting tips about Akamai Technologies and AMD and loves to use four letter words. In one conversation with Kurland she says- "Unless you were on the phone with the AMD executive and had an IBM executive at your house last night, who the f- would be buying it honestly?" Kurland started at Bear Stearns in 1991, Chiesi in 1997.
Wall Street Journal Original article ›
LyrArc Article Gist
Anil Kumar, was adirector of Mckinsey & Company. He is alleged to have past insider information on AMD and other clients to Galleon founder Rajaratnam. He had investments with Galleon funds. He was closely connected to Mr Gupta, a former managing director of McKinsey who heads the executive board of the Indian School of Business in Hyderabad, and which was founded with the collaboration of Wharton and the Kellogg School of Management. It has a number of Indian executives on its board. He is agraduate of the Indian Institute of Technology in Mumbai and of Wharton. He joined McKinsey in 1986 and relocated to India in 1993 to build the Indian practice of McKinsey. He launched the McKinsey Knowledge Centre in Gurgaon, New Delhi, as a knowledge outsourcing centre, that supports Mckinsey consultants. Because of the close secrets confided to McKinsey, Richard Cavanaugh, a McKinsey partner says client confidential information leaking is the most mortal sin a person could commit.
Washington Post Original article ›
LyrArc Article Gist
President Obama's speech announcing the details of his executive order on immigration on Nov. 20, 2014, starts by saying he is not bypassing Congress or the Republicans. He says Republicans had the opportunity to pass legislation in the House that passed the Senate, or come up with their own bill. And still have an opportunity to come up with a bill he could sign into law that address the shortcomings of the current immigration system. In selling the bill to Americans he points out that this is not an amnesty, that the current system which allows immigrants here to stay illegally without paying taxes or any accountability is an amnesty. He points to deportation of millions as not an option, an out of the character of America. That deportation of criminals will continue and is up 80% in his administration, without mentioning that deportation under his administration for ordinary undocumented immigrants without any criminal record had reached a high of 400,000 a year under his administration, higher than under the Republican Bush administration. In fact it had reached such levels that Hispanic groups stated they would sit out the midterm 2014 elections and not vote for Democrats or Republicans, after providing a significant part of the winning margin for Obama in the 2012 presidential election. President Obama says he has the legal authority to prevent deportation, and that this is essentially what this executive order does- providing a temporary right to stay and work in this country to undocumented immigrants here living in the shadows who are here for more than 5 years, not a permanent status or citizenship. He cites other presidential decisions of the last 50 years, Republican and Democratic, that have integrated large groups of undocumented immigrants, including an executive order by President Reagan. And he refers to the Bush presidencies 41 and 43, where both father and son, considered Hispanic Americans "a part of American life," as good hard-working people deserving a chance to be Americans. The speech ends with an appeal to the compassion of Americans urging them to look at their own individual stories going back one, two or several generations, or Ellis Island where the early waves of European immigrants entered the country in the 19th century, and to immigrants from the period after the early British settlements in the 18th century. This is typical Obama, as much as the calculated decision to pursue a aggressive deportation policy was for the first 6 years of his administration, including the decision for "Dreamers" or young people before the 2012 election. "Scripture tells us, we shall not oppress a stranger, for we know the heart of a stranger. we were strangers once, too. And whether our forbears were strangers who crossed the Atlantic, or the Pacific, or the Rio Grande, we are here because this country welcomed them in." Over 2 million deportations in one of the most aggressive deportation policies of any administration, followed by an effort to stop deportations before the next presidential election, when the NYT had called his deportation policy "infuriating." ...
France 24 Original article ›
LyrArc Article Gist
The contrast between Erdogan and a modest humble civil servant Kilicdaroglu is shown here in FR24. Kilicdaroglu is from the CHP or Republican party setup by Kemal Ataturk. Ataturk founded the party in Ankara after the colonial powers took over Istanbul by 1921 following victory in World War I and planned to breakup the Ottoman Empire. To resist this plan Ataturk responded similar to Japan by forming a new country based on the model of European nations and introduced a new alphabet to increase literacy. He took the country back to its European roots before the Ottomans in the 16th century and turned the Hagia Sophia into a museum. In the process rural people in the Anatolian heartland were not fully integrated by the 1960's and Erdogan appealed to these people, increased social mobility and incomes in Turkey between 2001 and 2018. In the period since then Turkey is faced with an economic crisis and rampant inflation that hurt ordinary Turkish people. The pandemic and earthquake made things worse. This is why Turkey is poised for a change and the Republican party hopes to build the Turkey of Ataturk with Turkey firmly seen as a European nation, with some changes that respect the right to wear scarves for women. For just the earthquake alone Turkey needs $90 billion for reconstruction and there are changes that are needed that would integrate the Turkish economy with the expanding economy of the US and the EU which can take place under Kilidaroglu and the new mayors of both Istanbul and Turkey who are deputy leaders of the CHP Republican party. ...
WSJ Original article ›
LyrArc Article Gist
The renewal of America requires new leadership at the helm of America's institutions for higher learning when men's enrollment in college education is endangered as reported in WSJ. This WSJ report shows presidents choosing to retire at Dartmouth, NYU, Columbia, U Penn, MIT. Lee Bollinger is 75, he started at Columbia as president in 2002. He helped raise $13 billion and expanded the 13 acre Manhattanville campus. Yet what does it say for so many college presidents when during the period when they raised vast sums of money and during the last 2 decades college education is harder and harder to afford for ordinary Americans? During the pandemic WSJ reports in 2021 even show that American men are having a hard time paying for college education and rates of enrollment are dropping for men to alarming levels. Never before in America's history has it been said that American men are becoming endangered for higher education. One rarely hears college presidents talk about these social issues that are top and center for ordinary Americans. It is not just Columbia or what are called Ivy League institutions, most of the leading colleges in America have forgotten why they are here in the first place and what made America what it was and again can be, a land of opportunity for all. It is time for anew generation of leaders in American higher education to dedicate themselves to this task - so that we hold these rights to be self-evident, to renew America in the face of many challenges and set a model for the free world. ...
WSJ Original article ›
LyrArc Article Gist
This discussion on reinventing oneself to try a second career at age 50 or 60 after years spent working on professional careers shows the nature of this road. Much of it involves doing something creative, something that is fulfilling and not boring, and often this involves giving of one's creative potential doing good and giving back. It is a bumpy road though and most people do not realize that it involves trial and error and finding the right kind of work or activity of interest and aptitude. Most of what is written makes it look easy and glamorous, yet it involves slogging through obstacles, carrying a level of humility with you, and working with young people. Sociologist Sara Lawrence-Lightfoot in her book "The Third Chapter" describes the period that follows as an intermission which is marked by some chaotic experiments, to withstand emotion of being unstructured as if on a boat in high seas without navigational devices. Psychologist John Kounos says it is more important to get more sleep and dream take walks in nature, an do any activity that is fun, allow the mind to wander about in unknown ways. Here it is the heart and intutition that speaks and from which one derives inspiration, not the brain and intellect, say others who have tried to chart new paths that have provided major contributions to science, technology and fields related to public service. It is a kind of problem solving in which there is little room for the ego because of the ever winding road. ...
DW.COM Original article ›
LyrArc Article Gist
There is a major shift in world opinion among major countries in Asia and Europe and North America moving negative by double digits in Pew research surveys. The shift is gradual and negative in Germany, France, Spain and Italy, and steeply negative in Sweden, Denmark, Britain and the U.S., Japan and South Korea. The people with negative views of China in world affairs are also the people who believe China did a bad job in handling the coronavirus.  In Australia in one year alone there is a 24% increase to 81% of people who see China unfavorably, in Britain this is a 19% increase in one year to 74%. In the U.S. the shift is over 4 years by 20% to negative views for 73% viewing China unfavorably or negatively. The shift in Canada is similar to the U.S. The biggest shift is in Japan where 86% view China unfavorably and Sweden where this is 85% after China handled Swedish relations poorly. See the color graphs in the original article in DW.com by clicking on original article here in Lyrarc.com. It is rare to see the such a dramatic shift in public perception of one country. The handling of the coronavirus by China in a way that hurt all countries with lack of transparency and total cooperation normally seen in pandemics and the cost in poverty and job losses, economic losses has resulted in a massive loss of confidence in China, and in the leadership of Xi Jinping. Most public opinion in these countries now believes that Jinping cannot be trusted to do the right thing in world affairs. ...
DW.COM Original article ›
LyrArc Article Gist
The 2022 industrial trade fair in Hanover, Hanover Messe, is covered here in DW.com with 2500 exhibitors showing how they are responding to a changed world after the pandemic and the Russian invasion of Ukraine with support from China. Export oriented companies have to rethink their strategy says Thilo Brodtmann, the executive director of the German Engineering Federation, Supply chain disruptions and the pandemic have led to many German companies reexamining their reliance on Chinese suppliers. Human rights and democracy are now part of the reorienting of business in a new direction. The war in Ukraine is also having an impact. Reducing CO2 emissions is also a major part of the reexamination. Chancellor Scholz told the Hanover Fair at the opening ceremony -"We need to bring along with us emerging and developing countries, whose demographics and economic dynamics are turning them into new centers of power." Brodtmann says the solution is "to become independent and to have a completely different value chain." The head of the German Associaltion of Electrical and Electronics Industry Wolfgang Weber says "I'm quite sure that German companies are ready to invest in any of these countries in Asia, Latin America, and Africa to diversify their supply chains." However such new markets are not very well represented at the Hanover Fair, so that policymakers and German business have a lot of work to do to open up new markets across the world in Asia, Latin America and Africa. India, Indonesia and Vietnam are considered to offer good prospects for diversifying Germany's supply chain and a lot of work needs to be done. ...

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