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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.


BBC News Original article ›
LyrArc Article Gist
This is a heartwarming story from the BBC in beautiful video of how Maria Baltazzi went back to her family's land in the buffer zone outside Nicosia, Cyprus, and turned a wasteland into a farm with olive trees. In 1974 Turkish forces invaded Cyprus turning this land near Nicosia airport into a war zone. Since then UN forces patrol the area which was wasteland in the buffer zone separating Greek Cypriots from Turkish Cypriots.

Maria Baltazzi took a look at this land which was part of her family's land, a 54 hectare farm part of it in the buffer zone and part outside. Here in the buffer zone she with a colleague Netien introduced organic farming for olive trees and turned this area into an olive growing farm which produces some of the best olive oil in the region.

Olives grown here are hand picked in the farm and crushed in mills outside. Nutrients testing show this to be some of the best and healthiest olive oil in the region.

Wall Street Journal Original article ›
LyrArc Article Gist
Lahart says Delta's move to go after Singapore Airlines 49% stake in Virgin Atlantic is the right move because of the landing rights it gains at Heathrow Airport in London. Delta is in a much better position to take advantage of the 304 takeoff and landing slots of Virgin than Singapore Airlines. It also helps ramp up the small number of 28 slots Delta holds at Heathrow, so that it can compete with American Airlines (AMR) and United on transatlantic routes.
WSJ Original article ›
WSJ Original article ›
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The WSJ Editorial Board speaking for the business community traditional Republican groups finally takes up the election on issues of policy difference between Trump run Republican party and Harris run Democratic Party which it should have from Day One. The former president says something that has never happened in the last hundred years- policy will be decided after the election depending on what he decides to do. Cost of Living action is No 1 on voter priorities. "Drill, Baby Drill," is the whole Republican party platform for cost of living action. What is the Harris Democrats policy plan for cost of living action? WSJ says it is spending blowouts that caused inflation, the Green New Deal, entitlement expansions and student loan forgiveness.The real reason for the increase in cost of living comes from the overconcentration of supply chain by American business in China, on which every president Bush, Obama, Trump, did little or nothing. The lack of an effective vaccination program and ineffective vaccines in China by 2021 and 2022 led to the loss of the supplies from China leading to shortages for automobiles parts and other supplies and surge in prices in 2021-2023. Powell and the US central bank correctly raised rates but cautiously and waited for this to correct, president Biden brought manufacturing home through huge investments called the "spending blowout" that brought down the inflation from 9% to 3%. Some of that "spending blowout" went to chips and science to correct the errors of American Business and Reagan-Friedman theory of the Republican party that created this problem with a culture of utter  indifference to the ultimate costs of who makes what and where. The Inflation Reduction Act also tackled higher health and other costs paid by American workers and families, and invested in public services and in repairing the dilapidated crumbling American infrastructure. Are Republicans saying let the roads, bridges, airports, built in the 1940-1960's heyday of American industrialization as China and India's is now, let them crumble? What do the educated minds of the WSJ Board say about coal in China and India and their effects on their massive use multiple times that of US and EU in history, is it not damaging to the environment and why the Chinese realized the health in North China with coal winter use was worse than in South China cut their coal use. Are they saying lets burn fossil fuels and ignore, and if investment has to be made in solar who is going to do it? Is it Ok for Republicans thet we just import from China all our solar panels indefinitely into the future. "Green New Deal" is just a perjorative term, policy has to be made thoughtfully and without prejudice or bias of any sort for the best that we can do for the American people, ignoring so called "right" or "left." Doing what is right, what makes sense, is a lot harder.     ...
Wall Street Journal Original article ›
New York Times Original article ›
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British Airways and Iberia Airlines made the winning bid for British Midland International (BMI) from Lufthansa for 172.5 million pounds. The acquisition is only for BMI's mainland carrier which serves Europe, the Middle East and Africa. This gives British Airways 56 additional daily takeoff and landing slots at Heathrow airport where it has 45% of commercial airtraffic. Lufthansa paid 223 million pounds for BMI in 1999 and when it purchased the remaining 50% of founder Michael Bishop's share in the airline in 2008.
New York Times Original article ›
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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.
Wall Street Journal Original article ›
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Southwest's strategy in response to sluggish economic growth and slower passenger volume is to pare glights in low passenger routes and shift to add flights in routes with high demand, an example is the Denver airport which has high numbers of passengers. Southwest will increase flights from Denver and add cities it flies to from Denver. It will also take advantage of weakness of Denver based Frontier airlines. Southwest will reduce flights in some routes like Chicago to Las Vegas abd Baltimore to Ft Lauderdale, eliminating 17 roundtrips.
The Times Original article ›
LyrArc Article Gist
The Times looks at the needs of small business and workers in the West Leeds constituency of Rachel Reeves, Britain's finance minister, before the first Labour party budget in decades.

Issues of higher employer contributions for small business, and higher tax from no change in tax brackets, are cited by the owner of 2 gym locations.

Child care is important for working mothers. A business consultant says the local transport system needs investment. Cheaper funding and VAT reduction for a coffeeshop is he started is important for a web designer. A children's shoe shop owner says a tram system for Leeds like the one in Manchester is needed as the decision for a super bus in Leeds made 25 years back clearly has not worked. A rail or Metrorail to Leeds Bradford airport is needed. He also cites cutting importing red tape.

Washington Post Original article ›
LyrArc Article Gist
Michael Bennet in Colorado, Paul Hodes in New Hampshire, both Democratic candidates, are campaigning for austerity cuts to reduce the deficit. Paul Hodes suggested $3 billion in spending cuts that would remove airport, railroad and housing funds. As Democrats shift to deficit reduction and reducing spending, to keep up with shifting public sentiment; Republican candidates are shifting to radical solutions to reduce the deficit, including shutting down some federal agencies. This may result in an entirely different Congress ater the midterm elections- one focussed on deficit reduction just as the economy slows down as stimulus fades, and local governments cut back.
New York Times Original article ›
LyrArc Article Gist
Indonesia's airport passenger traffic increased to 60 million in 2011, up 15% from 2010, according to the Ministry of Transportation. About 8 million were international passengers, up 23% from 2010. After the Asian financial crisis in 1997 the government relaxed restrictions on setting up an airline to stimulate the economy. There are now 18 airlines offering scheduled flights, up from 13 in 2001. Garuda spun off a low cost carrier, Citilink, and Lion Air is starting premium carrier Batik Air in 2012. The middle class in Indonesia has grown from 80 million to 130 million since 2003 creating more passenger traffic. Existing infrastructure is struggling to cope with the demand for air travel and is falling behind.
Wall Street Journal Original article ›
New York Times Original article ›
New York Times Original article ›
LyrArc Article Gist
A $100 billion infrastructure project to create a high tech manufacturing and freight corridor between New Delhi and Mumbai with a third of the money coming from Japanese public and private money will be announced this week during Japanese Prime Minister Abe's visit to India this week. Japanese investment in India is expected to rise from $515 million in 2006 to $5.5 billion in 2011. Lack of infrastructure has been a key constraint to investment in Indian manufacturing and this project hopes to address this problem. This would include airports, ports, and a high speed freignt line for the 1500 kilometres between New Delhi and Mumbai. CEO's from companies such as Toyota, Mitsubishi, Canon, Hitachi have joine a new Japan-India business leader forum. Toyota plans to increase manufacturing capacity to 600,000 in India by 2015. Japan played a major role in the rapid modernization of Korea, China, and now is likely to do so in India as well.
New York Times Original article ›
New York Times Original article ›
Wall Street Journal Original article ›
LyrArc Article Gist
Growth of 2.5% for the second quarter in S. Africa, and expected growth of 2% in 2013, down from 2.5% in 2012. High unemployment at 25% and a 23% depreciation of the Rand against the dollar in 2013. The current account deficit is at 5.8% putting pressure on the Rand which is at 10.45 to the dollar in August 2013. Labor unrest at mines which make up about half of exports is hurting the economy. This has spread to other sectors. About 100,000 airport technicians and construction workers were on strike in August 2013 for wage increases at twice the annual inflation rate of 6.3%. Strikes are also taking place at Ford's auo plant.
Wall Street Journal Original article ›
LyrArc Article Gist
Spain's domestic airline Spanair cancelled all flights and filed for bankruptcy protection. The government of Catalonia owns 85.6% of Spanair, Scandinavian airline SAS owns 10.9%. The Catalan government tried to keep Spanair running as long as possible as part of its plan to develop Barcelona's El Prat airport as a regional hub. This is the third Spanish airline to shut down after Air Comet and Air Madrid. Its competitors were Vueling Airlines, run by Air Iberia, U.K.'s EasyJet and Ireland's Ryanair.
New York Times Original article ›
LyrArc Article Gist
Friedman on the $43 billion infrastructure he saw in China and the crumbling infrastructure in New York City and driving from dilapidated La Guardia airport in New York city into the city vs the new Shanghai airport and the magnetic levitation trains into Shanghai. He says don't forget that they are mere snapshots. And he is very aware that you go 100 milews outside Beijing and you find a poor developing country. So which is the real China, no easy answers. Give credit to their dedication and all the hard work and the motivation and planning to Chinabut still ask the questions about what we should do here in America and what countries like India have to ask what they should do and go about doing it. China will have its own questions and problems to think about too as it has to figure out what their best allocation of capital will be, what their policies should be from the birth rate and demographic changes, to the environment, and to ways to bring the rest of the country and farmers into the picture and see that the gains from now on reflect the imbalances in growth. The country building the latest infrastructure will always have the latest infrastructure and that will be the next country around the corner with the capital and energy to do it, the USA or India or Russia or some other country. The real progress is in the quality of life, of health and the resources for living productive healthy lives for most of the inhabitants of any country or region and that goes beyond politics or nationalism or rivalries or vested interests of groups of people, as it depends on learning from the best that every productive mind anywhere in the world or any productive place anywhere in the world has to offer. And the thing about this is its never a goal only because in a true sense the road well travelled is the destination for this kind of progress. ...
Wall Street Journal Original article ›
LyrArc Article Gist
The Chinese 90 seat regional jet called the ARJ21 made by government run AVIC I Commercial Aircraft Company has about half of its equipment supplied by US companies. Its maiden flight is Septemeber 21. Canada's Bombardier is investing $100 million in the larger version of this plane citing parts sharing and cost saving potential for its own jets. The Chinese market is expected to grow at about 9% annually according to Boeing's forecast. China will spend about $600 million on the program for ARJ21 according to Chinese aviation officials. The ARJ21 also called the Flying Phoenix has 206 of the 300 orders it needs to breakeven. The plane is targeting the high altitude airports and the lightly travelled routes of western and central China. China is also looking to sell the plane in emerging markets of Malaysia, Turkey and India. According to General Electric China will need at least 500 regional jets over the next 20 years. GE which makes the engines for the ARJ21 sees the 500 jets equal to engine orders of $15 billion. Other companies that are looking for supplier orders are Parker Hannifin, Goodrich, and Mitsubishi....
Wall Street Journal Original article ›
LyrArc Article Gist
Delta Airlines is considering buying the 49% stake of Singapore Airlines in Virgin Atlantic. Delta is keen on getting the 304 takeoffs and landings a week Virgin makes as No. 3 carrier at London's Heathrow Airport. Singapore Airlines bought this stake for 600 millon British pounds in 2000. Delta has only 28 weekly takeoffs and landings at Heathrow in 2012, United 201 and American 200, making this a strategic move for Delta to build a stronger network.
ABC News Original article ›
LyrArc Article Gist
For the first time in decades Mexico has a president who travels on regular commercial flights, flying in tourist class. There is no presidential plane, no presidential mansion. He starts his day at 6 am with a crime report and a Cabinet meeting By 7 am he is at the presidential palace giving a free wheeling press conference. He has in 3 months talked to the media and the public more than was done in 6 years under the previous presidents. By noon he is on his way to catch a commercial flight to a provincial city such as Guadalajara.  There he meets local leaders, eats at a local cafeteria, and attends an open rally. He is most comfortable brushing against people, pressing the flesh, and making some comments in one liners, something he has done for twenty years since becoming the Mayor of Mexico City.  He is a bit evangelical, more like Bernie Sanders, but with the power. Mexicans listen to him attentively. Mexicans were so fed up with corruption, neglect of public opinion, and lack of rule of law, that Obrador after contesting with difficulty in previous two elections won decisively in the recent presidential election with large majorities in parliament. He has in the first 100 days moved to scrap a new $12 billion airport with costly cost overrruns using a referendum to make the decision. He has also cooperated with the Trump administration to slow the flow of migrants from central America, working with the U.S. on a $11 billion investment in Mexico and Central America to create the jobs and secure environment so that people can stay in their homes.   ...
Wall Street Journal Original article ›
Wall Street Journal Original article ›
WSJ Original article ›
LyrArc Article Gist
When Airbus launched its superjumbo jet in 2000 with seating for 550 passengers large airports said they needed to upgrade facilities to meet the larger size. Technological advances and preference for smaller jets flying directly to many locations have doomed the Airbus A-380. Airbus announced it will stop making the A380 in 2021.

Technological advances since 2000 with lighter carbon fiber parts and super efficient engines make it possible to fly smaller jets directly to many airports reducing the need to use hubs. Airlines preferred these jets. Only Emirates flying out of Dubai which uses half of the A380 superjumbo jets has continued with the large aircraft which has 37 gates specially designed for 380 use. 


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