World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
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.
All Topics Links
Declan Walsh on why the firing of live ammunition on protesters in Cairo may end up as a watershed event for the Muslim world going forward
08/16/2013
Declan Walsh sees this in the context of the Muslim world. Janvoo sees this in the context of the world beyond, of Aisa and Latin America which have moved beyond the divisive politics of the past and away from military regimes- S. Korea, Thailand, Argentina, Brazil, Chile, and one party PRI Mexico. The return of Gen. Park's daughter as president of S. Korea was a different one when she apologized for the behaviour of her father, even saying she coud not spit on the image of her father. Nieto's PRI is apologetic about its past and says its different, working with the opposition PRD and PAN parties on constitutional changes for reforming the econoy. Egypt and the Arab world is no exception. The Saudis and Emirates are able to deliver in economic terms as long as oil supplies and prices are high. Egypt has to find its own path and learn from the past to build the future.
Linked Articles
Other Nations Offer a Lesson to Egyptâs Military Leaders
New York Times 08/24/2013
Democracy in Egypt Can WaitNew York Times 08/16/2013
The common challenges facing Pakistan's elected democratic government and its military leaders in modernizing the economy
05/18/2013
A new dynamic is taking hold in South Asia even as Indian officials remain skeptical. China's prime minister Li Keqiang visits India with a trade delegaton and sees trade reaching $100 billion a year between the two countries and growing rapidly. Pakistan's military and civilian leaders also see the urgency for modernizing the economy and building infrastructure as Pakistan begins to catchup with its neighbors in Asia.
Linked Articles
Pakistan army chief meets incoming prime minister in ‘good omen’ - The Washington Post
Washington Post 05/20/2013
In a Journey on a Crumbling Railway, a Picture of a Nationâs TroublesNew York Times 05/18/2013
Greece and living up to euro currency responsibilities- efforts under Papadopoulos 2002, Giannitsis 2001, Manos 1998 and Tsipras's commitment in 2015 15
01/28/2013
Can Greece live up to its euro currency responsibilities, is the question raised inside the eurozone, as Greece renews its commitment to reforms to build a modern economy. A look back at politicians who emphasized euro currency responsibilities and the candid remarks by Tsipras in an intervew with Bret Stephens of the WSJ.
Linked Articles
The Politicians Who Warned Greece—but Were Ignored
Wall Street Journal 07/11/2015
Stephens: The Conscience of a RadicalWall Street Journal 01/28/2013
U.S. Fed chairman Bernanke's activist interest rate policies to tackle high unemployment and central bankers from MIT
12/12/2012
A pragmatic activist focus in economic thinking shaped at the MIT economics department in Cambridge, Masachusetts. The ECB's Mario Draghi, Bank of England's Mervyn King, and Bernanke shaped their thinking at MIT. Draghi and Bernanke had the same PhD. advisor- Stanley Fischer. Factors calling for a pragmatic approach include the lack of political agreement on th deficit, the housing and foreclosure crisis effects, higher inequality and unemployment effects on the middle class, the effects of the globalized economy on working class manufacturing jobs, people dropping out of the labor foce, and lower inflation, which called for a larger focus on unemployment. Bernanke emphasized the "enormous waste in human potential and productive resources of the economy" throughout 2009-2012. Draghi emphasized the abnormal nature of excessive borrowing interest rates for Italy and Spain during the ECB's bond buying efforts in 2011-2012. Both efforts had a stabilizing effect on the economies of the U.S. and Europe during a period of political discord about future policy.
Linked Articles
Wall Street Journal 12/13/2012
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' TiesWall Street Journal 12/12/2012
The dealmaking that is needed to build an agreement on deficit reduction- the challenge for Obama and Republicans
11/10/2012
The need for Obama and Republicans to build on proposals by Romer, Simpson-Bowles, Toomey, Hensarling, Feldstein, Romney Conrad and others to put dealmaking ahead of futile ideological battles. This would be good for the country and good for jobs and growth, good for building a strong middle class economy.
Linked Articles
Budget Showdown Offers an Opportunity for Progress
New York Times 11/10/2012
Obama the DealmakerNew York Times 11/12/2012
BP's sale of its stake in TNK-BP to Rosneft and a new start in Russia
10/18/2012
The Rosneft acquisition of TNK-BP ends a fractured relationship for BP with a difficult partner. BP starts a new relationship with Rosneft, and opportunities to pursue new deals in Russia. For Rosneft the acquisition makes it the world's largest oil company with a need for western technology from BP.
Linked Articles
BP's Russia Dance Reaps a Poor Dividend
Wall Street Journal 10/23/2012
BP Nears Deal to Sell TNK-BP StakeWall Street Journal 10/18/2012
Dangers facing Turkey's economy with its dependence on foreign capital inflows and excessive growth in domestic credit for growth
10/04/2012
Foreign capital inflows that partly support the sharp growth in domestic credit could slow or reverse as happened in the 1997 Asian financial crisis. The IMF sees a credit to GDP ratio of over 5% as a warning light for developing economies. The IMF forecast is for this rato to be 7.28% for Turkey in 2103.
Linked Articles
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Syria Isn't Turkey's Only External WorryWall Street Journal 10/04/2012
How uncertainty related to the "fiscal cliff" in the U.S. is affecting the U.S. economy as business holds off on investment and hiring
10/03/2012
Linked Articles
Firms Hit Brakes Before Fiscal Cliff
Wall Street Journal 10/25/2012
Small Businesses Fear Fiscal Cliff Awaits at Year-EndWall Street Journal 10/03/2012
Harvard economist and advisor Feldstein shows how Romney's Tax Plan would raise revenue
08/28/2012
Linked Articles
New York Times 09/24/2012
Martin Feldstein: Romney's Tax Plan Can Raise RevenueWall Street Journal 08/28/2012
Why Mario Monti is the Euro's best hope
06/24/2012
The leadership exercized by Mario Monti in Italy and supported by all Italians offers one of the best hopes for the Euro. The efforts of the mild mannered professor of political economy from Bocconi University in Milan.
Linked Articles
Italy's Leader Calls Economic Efforts "a Very Tough War"
New York Times 07/11/2012
Why Monti, despite Merkel, could prove the euro’s best hope - The Washington PostWashington Post 06/24/2012
China's second Stimulus in 2012 following the one in 2008-2009, and World Bank chief Zoellick's advice for a different policy mix
05/30/2012
A more measured response this time from the Development Reform Commission (DRC) and the State Council. Targeted spending on select and strategic projects to avoid inflating the housing bubble any further, and screening out projects with dubious merit.
Linked Articles
In China, a New Round of Stimulus
New York Times 05/30/2012
World Bank Chief Urges Euro BondsWall Street Journal 05/31/2012
How JP Morgan Chase let its London trading desk operate without risk management controls leading to large losses
05/18/2012
CEO Dimon is described as distracted by other issues. Ina Drew, the seasoned head of the Chief Investment that manages a $300 billionplus portfolio after the merger of other failed banks into JP Morgan Chase in 2008-2009, contracts Lyme disease in 2010 and is no longer the hands on person when she returns in 2011. Ms. Duersten, in charge of the North American trading desk at the New York office leaves in 2011 after 16 years at Chase. The controls over the London trading desk from New York are slipping away and Mr. Iksil and Mr. Macris of the London trading desk take massive trading positions to expose Chase to large losses. CEO Dimon learns about the Chase trading positions and the London Whale (Mr Iksil) from the Wall Street Journal on April 6, 2012, for the first time, astounding the business community and the financial world.
Linked Articles
Discord at JPMorgan Investment Office Blamed in Huge Loss
New York Times 05/19/2012
Inside J.P. Morgan's BlunderWall Street Journal 05/18/2012
Paul Volcker, the traders at JP Morgan's London office, and "losses that would be socialized with the potential gains all private"
05/12/2012
Volcker described the situation to the U.S. Senate Banking committee the day before the story came out about the massive trades made by JP Morgan's trader, known as the "London whale." Losses would be socialized under "too big to fail" for the largest U.S. banks.
Linked Articles
Paul Volcker vs. JPMorgan’s London Whale - The Washington Post
Washington Post 05/12/2012
'London Whale' Rattles Debt MarketWall Street Journal 05/13/2012
The broken link between credit expansion and GDP growth in China (1)
06/24/2013
Orlik and the editors of the WSJ point to the broken link between GDP growth and credit expansion. The IMF warns of increasing credit expansion. Stalling productivity growth and waste means every dollar of investment is bringing in less GDP growth. Stiglitz and Sen point out the need for improving other indicators such as healthcare, education and the environment as an overall guage of progress not just GDP growth. The new Chinese leadership is aware of the need for rebalance the economy towards consumer spending. Moves to reduce healthcare costs form the first efforts in this direction. Search terms "Orlik," "rebalancing."
Linked Articles
Wall Street Journal 07/01/2013
China's Silver Linings PlaybookWall Street Journal 06/24/2013
Russia's central banker Elvira Nabiullina, the ruble and central bank policies
03/12/2013
A central banker, former economy minister, who led Russia's changes for entry into the World Trade Organization, and policies to stabilize the ruble and Russia's economy during the emerging markets crisis of 2014.
Linked Articles
Putin Taps Pro-Market Economist as Banker
Wall Street Journal 03/12/2013
Russia Prepared to Let Ruble SlideWall Street Journal 01/30/2014
The Swiss central bank's effort to keep Swiss Franc at 1.20 to the dollar and Japan's Abe government's push for the yen at 90 to the dollar
12/25/2012
A determined effort by the Swiss National Bank to preserve export competitiveness as eurozone economies contract in 2013, by printing francs and buying up euros and foreign assets. The effort is designed to counteract declining wages and prices in Switzerland. The newly elected Japanese prime minister Shinzo Abe supports aggressive action by Japan's central bank to keep the yen between 85 yen and 90 yen to the U.S. dollar.
Linked Articles
Wall Street Journal 12/25/2012
Button-Down Central Bank Bets It AllWall Street Journal 01/09/2013
New leadership and old faces, Jiang Zemin, Xi Jinping, and the uncertain outlook for change in China
11/15/2012
Jiang Zemin, 86 years and former president, who set China on the three decade push for modernization, put his imprint on the seven member Politburo Standing Committee that runs China. Jinping and five other members of the Politburo are close allies of Jiang Zemin. Zemin was Mayor of Shanghai, China's business capital during the Koumintang pre war regime and now in the post war period. He made some of the reforms that led to China's entry into the World Trade Organization and its subsequent rise as a major trading nation. His support for Jinping gives the new president room for making political and economic changes that are needed in this period. The older members of the Politburo, most in the mid-60's, placed on the Politburo by Zemin are likely to be cautious and the outlook for change is uncertain.
Linked Articles
Xi Jinping Offers Few Hints of a Shift in Direction in China
New York Times 11/15/2012
Ex-Leader Wins in Beijing Power PlayWall Street Journal 11/16/2012
The part-time low wage jobs generated by the American economy in recent years, especially since 2008
11/06/2012
The biggest challenge facing the American economy is high unemployment and the lack of well paying jobs that formed the core job base of the middle class. Jobs generated since 2008 are largely low wage part-time work in retail and related industries. Wages have also fallen sharply in manufacturing industries as the U.S. competes with Asian manufacturers.
Linked Articles
New York Times 11/07/2012
A Part-Time, Low-Wage EpidemicWall Street Journal 11/06/2012
The EU debate between France's Hollande and Germany's Merkel before and during the EU's Oct. 2012 meeting
10/17/2012
The issue was direct aid to Spanish banks and the early setup of an EU banking supervisor so that Spain could get early debt relief as its economy struggles with high unemployment of over 25%. Chancellor Merkel turned down direct aid to Spanish banks, and partly relented on banking supervision by agreeing to have the legislation completed by Jan 2013 and the actual setup of the supervision authority during the course of 2013, probably after elections in Germany in Sept. 2013.
Linked Articles
German Refusal on Bank Aid Mars European Summit
New York Times 10/19/2012
Hollande fires warning shot at Merkel over austerity on eve of EU summit | World news | guardian.co.ukThe Guardian 10/17/2012
The perils for Turkey's economy with the surge in short term external debt of the private sector and the street protests in Istanbul
10/04/2012
Linked Articles
Syria Isn't Turkey's Only External Worry
Wall Street Journal 10/04/2012
Financial Fears Gain Credence as Unrest Shakes TurkeyNew York Times 06/05/2013
Mexico's emergence as the fourth largest exporter of cars in the world in 2012
10/02/2012
Mexico is expected to export 2.14 million cars in 2012. This makes it the fourth largest exporter after Japan, Germany, and S. Korea. Mexico is expected to overtake S. Korea in a few years. About 130,000 engineers are graduating each year from Mexico's technical universities, according to President Calderon. Mexican plants have quality and productivity that is comparable to Japanese plants for Nissan, say Carlos Ghosn, Nissan CEO.
Linked Articles
In Mexico, Auto Plants Hit the Gas
Wall Street Journal 11/20/2012
In Mexico, auto industry fuels middle class - The Washington PostWashington Post 10/02/2012
Friedman, Avraham Burg and Morsi- on the way forward for moving beyond the intractable to the possible in the Middle East
08/04/2012
The democracy movement in the Middle East and the yearning for economc and political participation of the people of the Middle East creates new opportunities to move forward beyond the conflicts of the past to a better future for the people of the Middle East. The role of leaders in the U.S., Europe, and the Middle Eastern countries of Egypt, Turkey and the newly democratic states in this region in setting new goals and plans and rising up to the challenges.
Linked Articles
New York Times 11/24/2012
Israel's Fading DemocracyNew York Times 08/04/2012
Mario Monti of Italy and the plans for a sounder monetary union in Europe
06/22/2012
The discussions in Rome between Mario Monti of Italy and the leaders of Germany, France, Spain, at the end of June 2012. Monti as respected mediator between the different sides and positions and the importance of productive discussions to the future of the Euro and the economies of Europe.
Linked Articles
Why Monti, despite Merkel, could prove the euro’s best hope - The Washington Post
Washington Post 06/24/2012
Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington PostWashington Post 06/22/2012
The focus on reviving the economy of Mohammed Morsi, new president of Egypt
05/25/2012
Egypt faces an economic crisis as it runs out of foreign reserves to finance basic imports. Morsi's election comes at a time when the dominant issues for years in Egypt will shift from the political to the economic as it tries to catch up with other countries in the developing world in Asia and Latin America that have made significant progress.
Linked Articles
Egypt’s president is U.S. critic, but could be an ally - The Washington Post
Washington Post 06/26/2012
Muslim Brotherhood claims lead for its candidate in Egypt’s presidential election - The Washington PostWashington Post 05/25/2012
The remarkable achievement of Governor Jerry Brown of California- a budget surplus of $851 million for fiscal 2013
05/14/2012
The impossible becomes possible in California as political hurdles are overcome and the state's economy improves. The budget preserves spending priorities for education and healthcare by cutting back in other areas, another remarkable feat- a lasting legacy for Brown's second act as governor. His father was governor in the Kennedy years, he was governor in the 1980's.
Linked Articles
State’s Rare Sight: A Budget Surplus
Wall Street Journal 01/10/2013
Brown Proposes $8.3 Billion in Cuts for CaliforniaNew York Times 05/14/2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us