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

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BBC News Original article ›
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After a chemical attack by the Assad government in Syria in 2013 Trump urged president Obama not to make air strikes on Syrian government targets, saying jobs, healthcare and other priorities should be remembered. After the use of chemical weapons in April 2017 by the Syrian government and the outrage following media photographs of the men, women and children who suffered from the brutal attack, Trump had changed his mind. The graphic images led to a change of heart. President Trump said that "it was in the vital national security interest of the United States to prevent and deter the spread and use of deadly chemical weapons." Reports on CNN state the president was offered two options to strike several airfields or one airfield near Homs in Syria, just before meeting China's president Xi Jinping. He chose the latter option and went on to his meeting with China's president. Pictures on the internet show Trump with key advisers, Mcmaster, Tillerson and others huddled together in a room at the Mar Lago resort following the strikes. It may be a decisive moment in the Syrian conflict as it was an expression of disapproval and action with the use of chemical weapons in any conflict. ...
France 24 Original article ›
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The NFP Front populaire alliance of socialist parties wins the most seats 200+ in early projections in the National Assembly in France. Macron's Ensemble party comes in second with about 150 seats, and the RN National Rally third with about 130 seats. This is the most closely watched election in European Union in decades. Voter turnout was 67% up from 48% in the last election. Only the Front Populaire called for investment in the French economy- not the Macron Ensemble or the Le Pen RN party- and taking serious cost of living action for gas prices, food prices, transport prices, for the struggling lower and middle classes in France. With corporations and the super rich paying their fair share- also a modest share- investment of $140 billion is planned for infrastructure, manufacturing, jobs and wages, climate change action in the French Nation.

Le Monde.fr Original article ›
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Le Monde looks at falling living standards across the UK. It looks at Essex and Brentwood and other towns outside the metro region of London. The 2009 financial crisis caused by banks was followed in four blows of Cameron's decade of austerity and of not investing in Britain, the upheavals of Brexit, the once in a century pandemic, and now inflation, causing a depressing sight of all lower and middle social classes struggling to make a living. 

Since 2007 real wages in UK have fallen by 3.5%. Between 1970 and 2008 wages grew by 33% every 10 years.

The poorest 10% in Britain have 22% lower purchasing power than the poorest 10% in France, says Torsten Bell of Resolution Foundation, author of report "Stagnation Nation."

DW.COM Original article ›
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The 32 year old leader of the movement called Five Star started by comedian Beppe Grillo in Italy, Luigi Maio, now leads the effort to form a government in Italy. The M5S party party won 32% of the vote in Italy's 2018 elections. The Northern League a far right party based on the region near Milan led by Matteo Salvini, came in second. In combination with Berlusconi's Forza Italia it has 37% of the vote, not enough to form a government on its own. The M5S is a centre left party which shares euroskepticism with the Northern League, but remains a centrist party that has little in common with the Northern League and Berlusconi. The FIve Star Movement sees fresh elections as the only next step as it sees no chance of a coalition with the far right parties.   

DW.COM Original article ›
WSJ Original article ›
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Prince Salman's efforts to launch an IPO of Saudi Arabian National Oil Company faces resistance from Saudi bureaucrats. Prince Salman wants to reduce the country's dependence on oil revenue, and hoped to use the IPO generated $100 billion to make investments in other industries. Saudi technocrats see risks in the plan- as costing consumers billions of dollars in higher gasoline prices, legal risks and public scrutiny. The IPO has been pushed back to 2021. Large new investments such as solar generation hub also face passive resistance in the bureaucracy. New investments policies have led to a Saudi recession in 2017, and reduced investment and consumer spending. Prince Salman sees it differently, once telling Theresa May of Britain that even if he got 50 of the 100 things he wanted done, that would be 50 not done otherwise. Salman has a disdain for the bureaucracy and has tight control over the country. He has led popular social changes such as letting women drive and taking away the power of religious police to make arrests. The Economy Minister has slowed down a plan to sell state assets such as government owned hospitals,airports, because conditions are not ideal. A plan to invest $7 billion in Uber was shelved. Aramco chairman Mr. Falih has reduced the size of investmetns including for the solar energy generation project. A plan to have ARAMCO listed on the New York Stock Exchange preferred by Prince Salman has been changed with advisers suggesting the London Stock Exchange as a place with lower risks of law suits under U.S. tort laws. Saudi executives at ARAMCO also pointed out that to reach the $2 trillion valuation that the Prince has in mind for ARAMCO the company would have to sell gasoline to Saudis at market rates, tripling oil prices in the kingdom -costing consumers $98 billion. The advisers believe it is more prudent financially to raise debt. Under that plan ARAMCO could raise debt to buy the Public Investment Fund's (PIF) 70% stake in state owned chemicals company Saudi Basic Industries Corp. which would infuse PIF with $70 billion, almost as much as generated by a IPO for ARAMCO. On solar energy Mr. Falih lowered the plan from 1500 gigawatts to 200 at a cost of $200 billion. Under a new plan this is at 60 gigawatts from solar and wind with 70% produced by the Public Investment Fund, the state's investment fund.   ...
Washington Post Original article ›
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A Republican says the party's failures to come up with alternative policies instead of simply opposing president Obama, has led to the atmosphere of negativism and anti-immigrant rhetoric that increases support for Trump in the party base. He cites as an example 2012 Republican presidential nominee Romney and his comments about "self-deportation." Other examples cited include pushing Rubio to where he repudiated his own immigration legislation just to maintain support in the party. He says this leaves him little option but to vote for Hillary Clinton.
New York Times Original article ›
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The Takata airbag recall increases by 35 million to about 63 million, about one in 4 cars in the U.S. by May 2016. The issue is connected to Takata's use of ammonium nitrate which poses a safety risk leading to explosions. The findings by 3 separate investigations from Honda Motor, Takata, and 10 automaker consortium have led to the massive recalls. A Takata engineer raised questions about the use of ammonium nitrate in the 1990's, and the company has fumbled in its response to the safety concerns.
Wall Street Journal Original article ›
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Lower demand for Tecfidera, Biogen's drug for multiple sclerosis led to a drop of 22% in the company's share price. Because of the lower demand the 2015 revenue growth for Biogen will be 6-8% instead of 14-16% predicted earlier for the Cambridge, Mass. company. The lower demand is because of a rare side effect, patients discontinuing treatment because it was not helping, and lower reimbursement price in Germany. Tecfidera sales were $2.9 billion in 2014. Another factor is the competition from Gilenya for MS by Novartis.
Wall Street Journal Original article ›
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Real estate prices are declining in Australia, with signs of overbuilding. Growing immigration, a commodities boom with higher demand from China, slow construction and foreign investors had pushed home prices higher. This led to a decrease of 2-6% in home prices in Brisbane, Adelaide and Melbourne, according to RP Data. Home construction in Melbourne increased by 40% since 2006, according to Australia's Bureau of Statistics. Analysts point to an oversupply of homes in Melbourne. Home and apartment prices in Melbourne declined by 3.9% in 2011, according to RP Data-Rismark.
Washington Post Original article ›
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The Obama administration was slow to respond to the democracy movement in Libya. France's Sarkozy and Britain's Cameron led the effort to support the Libyan rebels with airpower, no -fly-zones, and military assistance. As the Assad regime uses fighter planes, helicopter gunships and artillery against its own people and heavily populated areas, the Europeans distracted by the economic crisis, and the Obama administration following its earlier pattern of slow response in supporting democracy efforts, have failed to take an active role in helping the democracy movement in Syria.
Wall Street Journal Original article ›
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Egyptian president Morsi's address at the UN General Assembly as "the first Egyptian civilian president elected democratically and freely." On the Egypt-Israel treaty he said: "we are committed to what we have signed on." He defended the Syrian people, who he said were trapped in "the tragedy of our era." For Syria, Morsi has formed a contact group of Iran, Egypt, Turkey and Saudi Arabia to defuse tensions in the region. Egypt backs the initiative of the Arab League and the UN led by an experienced diplomat Lakhdar Brahimi, who recently visited Syria.
Wall Street Journal Original article ›
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The U.S. 2010 Project study's lead author, Barrett Lee, sociology professor at Pennsylvania State University, says diversity is becoming a part of daily life in America throughout the country not just in large gateway cities like New York, Miami and Los Angeles. Hispanic immigrants are moving eastward changing the faces of towns and cities in the South and Midwest. Hispanic population increased 42% from 2000 to 2010 to 50.5 million, Blacks increased 11% to 37.7 million in that period. Asians quadrupled between 1980 and 2000 to about 18 million.
Wall Street Journal Original article ›
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Google has launched a new project using technology to let users tour art galleries around the world. This was launched at Tate Britain in London. This is part of Google's latest interactive online resource called Art Project. This is a collaboration with 17 museums including three in New York - the Frick Collection, the Museum of Modern Art, and the Metropolitan Museum of Art. Visitors can examine in detail certain artworks selected by the museums- Van Gogh's 'The Starry Night,' Pieter Bruegel the Elder's "The Harvesters," and a painting by Bellini.
Wall Street Journal Original article ›
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A Wall Street Journal poll of economists shows that China's growth is slowing to around 8%. Because the economy grew rapidly in the first half of 2010, the full year growth is expected to be 11.1%. China's central bank and the government see the slowdown as a positive indication in an effort to reduce the risks to the Chinese economy from a real estate price bubble. Rising debt of local governments after the stimulus encouraged lending by state owned banks to get projects started quickly, and led to unsustainable growth levels and real estate speculation.
Wall Street Journal Original article ›
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The Smer-Social Democracy party led by Robert Fico won an absolute majority in the Slovakian parliament. Smer-Social Democracy party won 83 of 150 seats in parliament. The party campaigned on the theme that the austerity measures were too hard on the poorer segments of society, and did not do enough for job creation. Unemployment in Slovakia is at 13%. The shift also marks changing opinion in Hungary, France, and other EU countries about austerity measures and the impact on countries with high unemployment, in the absence of efforts to stimulate job creation.
Wall Street Journal Original article ›
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Bank of Korea's senior deputy governor, Lee Ju-yeol, says he feels "heavy resposibility" for the policies pursued by S. Korea's central bank in the years following the financial crisis of 2008, when inflation fighting efforts of the bank were set aside to focus on growth. Inflation has increased in S. Korea in recent years. He said our "hard won reputation was turned away under the current of globalization and reform... values and rules that have been built up over 60 years were denied in just a single day."
Wall Street Journal Original article ›
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With no clear strategy to pursue vaccines or generics like its competitors, and no promising new drugs in the pipeline, Astra Zeneca faces an uncertain future. Acquisitions are costly with a high premium in 2012. Nestle paid about 20 times earnings before interest, depreciation and taxes for Pfizer's baby food nutrition business. Astra Zeneca's first quarter earnings in 2012 declined by 44%. Government price reductions and competition from generics led to first quarter 2012 sales decline by 11%. New management takes over in June from the current CEO.
Wall Street Journal Original article ›
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A second round of talks in Baghdad concludes after the first round in Istanbul, Turkey. No agreement is reached. A third round of talks is planned in Moscow for June 18-19, 2012. The bloc of countries negotiating with Iran is composed of the five permanent members of the UN Security Council and Germany, known as the P5+1. Talks were led by the EU's foreign policy chief, Catherine Ashton, and by Saeed Jalili for the Iranians. Ashton said they had found common ground but significant difference remain.
New York Times Original article ›
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Hillary Clinton's championing of softer issues such as promoting the use of new safer clean cookstoves by hundreds of millions of women in the developing world. She persuaded top Chinese foreign policy official Dai Bingguo to put the cookstoves on the agenda for this years meeting in Beijing. In September 2010 Clinton helped setup a partnership led by the UN Foundation to give 100 million of these cookstoves to women by 2020. Smoke from poorly ventilated stoves kills about 2 million people each year, with about a quarter of the deaths in China.
Wall Street Journal Original article ›
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Joffe says one party regimes in the Arab world have let the Palestinian issue fester because it helped them to stay in power. It helped these regimes by diverting attention and hostility to "Palestine" as an issue and creating anti-Americanism. Meanwhile the real issues of economic stagnation and lack of freedoms to debate and decide their future in a pluralistic society were set aside. Arab peoples throughout the Middle East have simply stood up for their own rights and freedoms, free of anti-Americanism and eager for American and European support.
New York Times Original article ›
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One hundred years after the First World War Germans look at memorials and museums in Kiel about the naval buildup in Germany in 1910-1914 in a different light. Germany's effort to match Britain's naval supremacy and the increasing tensions and nationalist rhetoric led to the war- worse, the defeat created conditions for a larger conflict in 1939-1945. To put this period behind it Germany has emphasized the dangers of war and getting people to realize what war is. Kiel itself was 80% destroyed at the end of the Second World War.
Wall Street Journal Original article ›
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Breakdown of negotiations between Greece and EU finance ministers led by Dijisselbloem of the Netherlands on February 16, 2015. Dijisselbloem says the best way forward is for Greece to take a 6 month extension of the current program, because more time is needed to work out the details. Finance minister Varoufakis of Greece says Greece should not have to make cuts that are clearly recessionary. The bailout ends on Feb. 28. Without an agreement reached Greece loses access to 7.2 billion in funds from the EU, needed to make repayments due in March.
Wall Street Journal Original article ›
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Workers at the VW plant in Chattanooga, Tennessee voted 712 to 626 in Feb. 2014 to reject membership in the UAW union. This makes it more difficult for the union to make inroads in the Southern states. In an unusual step VW- cooperating with the IG Metalls union in Germany- let union organizers into the plant for over a week and cooperated with the UAW to setup the election. VW wanted to setup a works council, a committee of employees which gives management feedback for running of the plant, similiar to ones operating in Germany.
Economist Original article ›
LyrArc Article Gist
With the low popularity ratings of the LDP's Taro Aso, the Democratic Party of Japan (DPJ) led by Ichiro Ozawa was considered afavorite to win elections in September, 2009. Now even the DPJ is hit by scandal as Ozawa's political secretary was indicted for taking $355,000 in illegal donations from Nishimatsu, a building company. Ozawa promised to stay on to fulfill his dream of setting up the first non-LDP government in postwar Japan. He was himself at one time a leader in the LDP till he joined the Opposition parties.

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