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

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New York Times Original article ›
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There is no treatment for nonalcoholic fatty liver disease linked to obesity. It is twice as prevalent in Hispanics compared to other whites and African Americans. The fatty liver is a result of bad eating habits and lifestyle with little exercize. It is expected to be the leading cause of liver transplants in the U.S. by 2020. At the current rate about 25 millon Americans are expected to have the disease by 2025, according to the chief of liver transplant division at UCLA School of Medicine.
Wall Street Journal Original article ›
New York Times Original article ›
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Among the influential voices raised against the war in Afghanistan are former secretary of State Colin Powell and Senators John Kerry and Reed. Powell met privately with the President. Others skeptical that more troops will make adifference, are Vice President Biden, Rahm Emmanuel, and General James L. Jones. Clinton and Holbooke are on the other side of this debate. The first decision to add 21,000 troops to bring force level to 68000 was made hurriedly within weeks of Obama coming to offiCE. Powell's advice to Obama is the most significant because of his long experience. "The question the President has to answer is, What will more troops do? You have to not just add troops . You need aclear definition of the mission." The ideas revolve along the really crucial question of will more troops make a difference?
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The New York Times Original article ›
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The Times Original article ›
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British households have accumulated 100 billion pounds in December 2020 savings, says the Bank of England. This should increase spending and accelerate the economic recovery from coronavirus lockdowns, says the Bank of England.

WSJ Original article ›
NYTimes.com Original article ›
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Wall Street Journal Original article ›
New York Times Original article ›
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Compromise reached at the October 2010 G-20 meeting in S. Korea to reduce trade imbalances, and for countries with current account surplus exceeding 4% of GDP (China 4.7% and Germany 6.1%) to bring these balances down by 2015. Countries with large current account deficits, Turkey 5.2% and South Africa 4.3%, were expected to bring their deficits down and increase national savings. The US is at 3.2%. The US proposal for a target was accepted by Japan as long as it was not a fixed target but a reference point. Germany was opposed, saying it was a return to planned economy thinking. China did not comment on the issue. Canada, Australia and the UK supported the US position. The compromise was an effort to continue pressure on China to redirect its policies away from exports to increasing domestic consumption, while still refraining from a fixed target. It also takes some of the pressure off a fast track currency rebalancing, with China expected to increase the value of the yuan, but given more flexibility than the rhetoric would suggest....
New York Times Original article ›
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Ted Cruz wins the Wisconsin Republican primary election with 48% to Trump's 34%, with only 29% of voters who made up their mind late going to Trump compared to 46% for Cruz. About 37% of the voters in the Wisconsin primary said they would not vote at all or vote for Hillary Clinton if Trump was nominated. Showing deep discomfort with Trump exit polls showed 58% saying they were "concerned" or "scared" if Trump was elected. Cruz quoted John Kennedy and Winston Churchill, describing it as the turning point in the primaries.
SPIEGEL ONLINE Original article ›
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The knowledge that the virus  caused human to human transmission and that it spreads to wide parts of the population very quickly were critical pieces of information that remained with Chinese epidemiologists, doctors and medical researchers, and were suppressed by local authorites in Wuhan.  Yet China's version of the U.S. CDC, China's Centre of Disease Control and Prevention, modeled on the U.S. control efforts worked effectively to identify the problem. Virologist Gao Fu, heads China's CDC. This report in Germany's Der Spiegel says Mr. Fu made it a habit to scan China's internet before bedtime for any signs of possible disease outbreaks. On the night of December 30 he came across rumors of an internal memo from the Wuhan Health Commission of an outbreak of a vaguely worded lung disease. When he called the Wuhan health authority he found their answers to be evasive which alarmed him. The next morning December 31 Mr. Fu sent the first of three teams to Wuhan which is how China was able to identify the problem, in the sense that Chinese authorites in Beijing were to rely on Dr Gao Fu to overcome the problem of Wuhan provincial authorites. He informed the World Health Organization Beijing office on that day. The Der Spiegel report says "shortly afterward," the Seattle Times in its report says this was about New Years Day 2020- Mr Fu made a call to Dr. Redfield, head of the U.S. Centre for Disease Control, who was on vacation. Redfield is deeply disturbed on hearing this from Fu and they have conversations over the next few days to the point that Dr. Gao Fu is in tears about what has happened. On January 1 Taiwanese public health authorites shared the information with WHO that the cornonavirus was a human to human transmission, would the Taiwanese authorites not have shared it with the U.S. the same week during calls from the U.S. CDC or other public health authorites alarmed about the situation. (The WHO was proving useless by Jan 14 when it contradicted Taiwan's more reliable assessment  on Jan 14 going by the letter from president Trump to WHO). On January 6 a few days later Dr Redfield and Dr. Azar head of Health and Human Services ask China for permission to send a team of CDC U.S. experts to China. This is cited in the U.S. letter to the World Health organization- the lack of human to human transmission information being given to the U.S. officially early by China. A risk that could have been a topic of conversation between the U.S. and China heads of CDC. That letter from president Trump also points out that the team of experts the U.S. planned to send was not accepted by China till Feb 16, one and half months after that series of conversations between Dr. Gao Fu of China CDC and Dr. Redfield of U.S. CDC in an alert message.  In effect removing one of the key defences for the U.S. and Europe in making their own defensive actions and plans, laying the basis of the worldwide coronavirus pandemic affecting millions of people. Dr Redfield is a AIDS researcher at the University of Maryland who spent most of his life trying to control spread of HIV and was appointed by president Trump to head CDC agency in 2018. He set a goal of eliminating AIDS by 2030 and is more comfortable with aids patients and research than the bureaucratic nature of agencies- CDC has about 11,000 employees. Once it was clear that a team of U.S. experts was not given permission to make its own assessment in Wuhan in the few days after January 6 offer to sent the team to China by Redfield of U.S. CDC and Dr. Azar, would it have alerted the U.S. that something was seriously heading the wrong way for a epidemic risk. That letter of president Trump cites how the head of WHO during the first SARS crisis in 2003, Dr. Harlem Brundtland acted when she faced China's lack of cooperation during that crisis by saying openly that this was a danger to world public health and millions. Could CDC in the U.S. and the other connected health authorites have taken the responsibility and filled Dr Brundtland's role in this crisis, that the WHO failed to perform?    ...
WSJ Original article ›
LyrArc Article Gist
US president Biden feels the tax system is not fair for most Americans and the Trump tax cuts favored the wealthiest Americans. Detailed studies from universities Chicago, Harvard, Princeton and Treasury Department on 2017 Trump tax cuts lowering taxes for corporations from 35% to 21% for top corporate tax rate, and accelerated investment spending deductions, show much of the investment that took place after tax cuts in 2017 would have taken place anyway. And that the tax cut did not pay for itself, adding $100 billion to the national debt of $34 trillion each year. Striking was the point in the studies that said that instead of $4000 the average American only benefitted by $750 per year, most of the benefits going to the wealthiest and corporations. Many of the largest corporations tech and oil companies pay less in taxes than any notion of fairness would call for sometimes much less than ordinary workers.  Biden now proposes the tax increases for corporations to go up to 28%, higher taxes on foreign profits, and the corporate minimum tax increased from 15% to 21%. And for employees paid more than $1 million corporations not to be able to take deductions. ...
Wall Street Journal Original article ›
New York Times Original article ›
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With the strong positions taken by Clinton and Trump on China in the 2016 election campaign, U.S. relations with China enter a new phase. The strident tone in the campaign on China on trade deficit, women's issues, human rights, comes with the issues relating to China's role in the South China Sea and cyber espionage already in the background.
New York Times Original article ›
LyrArc Article Gist
The figures are staggering. $380 billion of $400 billion in Nigerian oil revenues estimated lost to corruption and waste from 1960 to 1999. This is the estimate given by Nigeria's top anticorruption official and quoted in the NYT. Meanwhile life expectancy in Nigeria is about 47 years and little of the oil revenues goes to infrastructure, health, education and investment to improve the lives of Nigeria's people. The oil companies after years of bad publicity, Shell and Exxon, appear to be shrugging their shoulders that there is little they can do beyond their own small investments, $100 million by Shell and $22 million by Exxon each year on roads and other related infrastructure. The western oil companies typically get 7% of the profits from oil sales, with the government keeping 93%, according to the NYT. Mouwad describes life inside a 50 acre area in Port Harcourt which houses Italians working for oil company Eni. A militant movement MEND is fighting in the Delta region to have more resources devoted to this neglected region of Nigeria. The result is that life is becoming difficult for foreign oil workers in the area. About 13% of oil revenues go to the states but corruption and waste eat up the money at the state level too. The River States budget is an example, of about $1.3 billion budget only $22 million goes to health services, helicopter services and catering for the governor's office alone cost $38 million and $10 million. MEND the delta region organization wants more money for the delta states and is organizing disruption of oil production as a method to make itself heard. This has increased the need for security consultants to protect oil company property and personnel. Already a quarter of Nigerian oil production has been shut down....
Wall Street Journal Original article ›
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Regulators at the CFTC passed a new rule 5-0 under the Dodd-Frank legislation that tightens regulatory oversight over the derivatives market. Regulators have now only to show that a trader or firm acted recklessly. CFTC does not have to prove that the trader intended to manipulate the market or show that a trader acted to have an effect on price as the rule required previously.
Wall Street Journal Original article ›
LyrArc Article Gist
The supply of shale oil in the U.S. is changing the landscape for Mexican crude exports to the U.S. especially light Olmeca crude. Mexico's exports of crude oil declined to 881,000 barrels a day in 4 weeks through Jan 10, compared to 1.8 million barrels in Feb 2013, according to the Energy Information Administration. The Keystone Pipeline from Canada could also impact Mexico's exports.
New York Times Original article ›

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