LyrArc Article Gist
P&G reports higher sales revenue by 6%  for the fourth quarter of 2021. Pricing on average for P&G cleaning and consumer products rose by 3% in the fourth quarter 2021. Soaring prices for raw materials. labor and transportation with supply chain difficulties were offset with the 3% increase in the last quarter of 2021. Yet volume increased by 3% as more cleaning products were used during the pandemic. P&G finance chief Schulten says the buyers are focused on clean home and health and hygiene categories during the pandemic.

LyrArc Article Gist
S&P 500 up 5% in 2025 by June 27 2025 recovering 20% form lows after tariffs. Scott Bessent had promised agreement in place by July this date will be extended  yet confidence has returned that the agreements will be put in place after German chancellor Merz met with DJT at the White House. With Germany leading the way the biggest of the agreements with EU could be put in place. Additional agreements would come with India and China, and Japan, South Korea.

LyrArc Article Gist
Signal is encrypted end to end, yet security requires more than that, security requiring care taken by the user himself in how he uses it.

LyrArc Article Gist
When regulators told J&J that tens of millions of doses at a Baltimore plant had to be discarded for contamination, the initial enthusiasm for a one dose vaccine began to fade. Production problems and the pause in the vaccine J&J as problems are sorted out, is making the J&J vaccine less effective in this crisis. Only 11.4 million doses have been adminstered of J&J vaccine says the NYT, making its role less significant.

LyrArc Article Gist
The Swedish brand H&M has closed about a third of its stores in China after it shifted to responsible sourcing and avoided Xinjiang forced labor product sourced in China. Chinese buyers boycotted the stores. The H&M store that first opened in Shanghai 15 years ago is now closed.

LyrArc Article Gist
Since 2002 when the AKP came to power consumer loans have surged from 2 billion Turkish lira to 129 billion lira or $81.55 billion. While this has created a larger middle class, the huge expansion of credit puts the economy at risk say analysts. Turkey is taking in imports at a rapid rate and the current account deficit is now 8.1% of GDP. The ratio of the current aaccount deficit to foreign exchange transactions is at 37%, according to Ankara based economic research foundation Tepav. This is significantly above the level reached before Turkey's last four economic crashes. The EU is Turkey's biggest market for exports, and the fastest growing market is the Middle East. With the economic growth sluggish in both regions the prospects for Turkish exports increasing is weak. Signs of excess are visible in Istanbul. A shopping mall for cars is being built the size of three sports stadiums with a test track on the roof called Autopia. Prime minister Erdogan talks about building a huge new shipping canal that would bypass the crowded shipping in the Bosporus. And the elections are being fought for the AKP to get more than 330 seats out of 550 in parliament, which would enable the AKP to change the constitution. This will be an unneeded distraction for the country at a time when economic policy needs a sharp focus to reduce the current account deficit before it is too late....

LyrArc Article Gist
S&P 500 gains 15% in first half 2024.

LyrArc Article Gist
Denmark's shipping company A.P. Moeller-Maersk plans to split into 2 different divisions, one for transport and one for energy. Maersk Line, the largest container operator in the shipping industry, will become part of the new Transport and Logistics Division. Oil interests of Maersk will be combined to form the Energy Division. In June Maersk replaced CEO Nils Anderson with Soren Skou from the shipping business. The container shipping industry is suffering from a sharp downturn with freight rates falling in price wars, and shipping lines barely covering fuel costs. Hanjin Shipping is a South Korean company that has filed for bankruptcy protection. There is a process of consolidation taking place in the shipping industry as smaller lines are finding it difficult to survive on their own. Experts say the 20 biggest container operators could lose about $8-10 billion in 2016. Maersk has shifted to $139 million net loss in 2nd quarter 2016.

LyrArc Article Gist
S&P up 4.5% over 2 days April 22-23.

LyrArc Article Gist
Jakab's discusses the difference betwen the ADP estimate for jobs added and the Labor Department's figures. ADP numbers had a wide divergence with Labor Department figures for 2011-2013. ADP now uses a different methodology to more closely track the government numbers. For the last five months ADP numbers came out lower than government figures by an average of 32,000, says Jakab. ADP estimate of private non-farm jobs growth is 281,000 for June 2014. A WSJ survey of economists shows nonfarm payroll jobs growth for June at 215,000. In 2010-2011 ADP numbers vastly overestimated the number of jobs created.

LyrArc Article Gist
Tech heavy S&P 500- for the largest tech companies- gains are now reversing after a rally based on potential for AI. Nvidia with its AI potential alone was 30% of the gain in S&P 500 at one time. The change in the election situation in July 2024 may be one of the causes. Smaller companies in the Russell 5000 are doing better. It is not clear if this is a trend. 

LyrArc Article Gist
G20 meetings in several Indian cities in 2023 include Srinagar. The meeting in J&K was a G20 Tourism working group meeting that will look at ways tourism can help boost the economy of J&K and create employment.

LyrArc Article Gist
Berkshire new CEO Greg Abel 2026, Berkshire 2026 stock positions- Apple $60 billion American Express $55 billion Bank of America $25 billion, Coca Cola $25 billion, Chevron $20 billion, Chubb $10 billion. In addition GEICO wholly owned by Berkshire generates about $42 billion yearly in cash from premiums which can be used to invest in companies. By pursuing an affluent demographic American Express gets operating profit margins of 16% and return on equity of about 30%.  Apple has about 27% in net profit margin and 151% in return on equity in 2025. Because of the high affluence demographic of these two companies it offers a strong base for performance for Berkshire. The insurance company GEICO and its reinsurance operations offer a steady stream of cash. This  is the base on which Berkshire has done well over the last two decades. The efficient markets hypothesis moderate form for investors says that publicy available information is reflected in stock prices to a great extent except for anomalies and behavioural aspects. When investors use a basket of 1000 stocks reflecting the economy as Vanguard core index funds, the anomalies and behavioural aspects are less prevalent or cancel each other out creating a strong form of the efficient markets hypothesis in practice for investing discipline. Benjamin Graham, the mentor for all investment leaders would accept this as a way of securing investment gains without the vagaries and uncertainty in selecting stock positions. In 2025 the Berkshire funds achieved 10% gains vs the S&P 500 index which gained 17%, proof that the average investor can do just as well as the so called sage of Omaha, Warren Buffett. ...

LyrArc Article Gist
Plaid Cymru leader says "decades of complacency caught up with them," and he derides Starmer's "managerial politics." Lucy Powell is shown on this page charting a new course for Labour as deputy leader elected by 54% amidst all this chaos of the Starmer leadership years. A sense of conviction and doing what is right with all the conviction and hard work that backs it is missing in the Starmer leadership. Labour needs to get back to listening to its grassroots and be what it truly is a party of the working classes, the middle class and the vast segments of the whole people of Britain.

LyrArc Article Gist
Procter & Gamble, America's largest maker of soaps and detergent increased sales during 2020 by meeting demand for higher priced soap and electric tooth brush costing $300. P&G also makes diapers and Gillette razors. The company is making more high end products to boost sales. Consumers stuck in their homes are willing to spend more to keep themselves and their homes clean. This is also a requirement during the pandemic and considered a wise consumer spending item. P&G generated $3.9 billion in net income for 2020 fiscal 2nd quarter, with sales of about $20 billion.

LyrArc Article Gist
This report in WSJ shows what offices would look like in a coronavirus economic reopening. Till a vaccine is developed in about one year from now what will the gradual reopening look like?   It shows a cafeteria at a company in Seoul with plastic shields separating each person, the Amsterdam office concept of six foot distancing offices at Cushman & Wakefield. This real estate company manages 800 million square feet in China real estate. It has developed a 300 page manual on safely reopening offices with every detail possible. Toyota plants will run at slower speeds because of large drop in demand, with plants reconfigured to maintain social distancing. Many companies are doing this now when it is easier to do without people. Protocols such as onsite health screenings are being integrated. A Knotel app  will add features for office tenants that gives employers the option to track some employee movements and trace their contacts to prevent illness. For sports and event venues the challenge is sanitation and cleanliness. Adding janitorial cleaning shifts and making food grab and go, cashless transactions and protective shields. Schools and colleges face a challenge of how many students to let in, and how many to seat and how, dorms with one room one student, and so on. One college in Maine is planning for thinning the students on campus, rotating students with shorter term modules, more online instruction.  ...

LyrArc Article Gist
The European Commission decision to fine Google $4.3 billion should help app developers come up with new apps that respect user privacy. Google has built up a huge base of data on users that enables it to dominate the market. The hope is that a new generation of apps will enforce users rights and ensure "privacy by design," create the transparency in functioning that is missing with Android. The Facebook scandal on privacy rights led to a shift in attitudes towards Android and the nature of its lack of transparency.

LyrArc Article Gist
This WSJ editorial points to the further polarization of Turkey's society after the local elections in Istanbul and Ankara. It points to the tendency to create authoritarian rule under the Erdogan government through the elections, in which the AKP touted its economic record and stifled the media's free expression of opinion. The economic boom with surging credit is already coming to an end, says WSJ, even as the AKP points to its record to win elections.