LyrArc Article Gist
"Made in China 2025" has caused consternation and alarm in Washington about China's effort to dominate key industries of the future with state subsidies. This report in WSJ shows the European response to China's effort. A survey by the EU Chamber of Commerce in China shows 58% of companies have not been able to participate in Made In China initiatives. There is concern that global supply chains are not being utilized in robotics, aerospace, and electric vehicles, three areas under China's program.  62% of companies say they didn't know whether this was leading to increased discrimination against foreign companies.

LyrArc Article Gist
Bob Woodward of the Washington Post says of the Obama administration's handling of the information surrounding the Benghazi incident in Libya, as not being Watergate but showing members of the administration acting in a Nixonian manner.

LyrArc Article Gist
JP Morgan Chase bank's tentative deal with the U.S. Justice Department includes agreement that the bank will not face penalties for the problems at Washington Mutual and Bear Stearns, financial companies acquired during the 2008-2009 financial crisis. The failing firms were acquired at the urging of federal regulators and management at JP Morgan sees holding the bank responsible for the culture and behaviour of management at Washington Mutual and Bear Stearns as not a fair response of regulators. What the deal does do is include provisions for covering losses of investors. Of the $13 billion legal settlement JP Morgan will provide about $3 billion for institutional investor losses on mortgage bonds issued by JP Morgan, Washington Mutual and Bear Stearns. $4 billion goes to the Federal Housing Finance Agency, for misleading the regulator about quality of mortgages sold to Fannie Mae and Freddie Mac. Another $4 billion goes to homeowners for losses suffered. $2 billion relates to penalties for JP Morgan's own behaviour during the years leading to the financial crisis. Attorney General Eric Holder and the Justie Department see the settlement with JP Morgan Chase as a template for action against other banks for behaviour leading to large investor and homeowner losses following the 2008 mortgage financial crisis....

LyrArc Article Gist
Much overdue respect for Eisenhower with the plans for the Dwight D. Eisenhower memorial. Eisenhower's greatness in ordinariness and good sense. Reminders of another president who avoided heroics and persevered with simplicity and good judgement- George Washington.

LyrArc Article Gist
Judge Maryanne Trump Barry of the U.S. Third Circuit Court of Appeals, 78, is Donald Trump's older sister. Her demeanor and manners are very different from Donald, she uses words carefully, and thoughtfully. The contrast could not be greater, even though Maryanne is also straightforward and not one for political correctness in describing things the way she sees it, including defendants who have committed serious crimes. She says she is the first one in her family to go to college, and went to law school 13 years after graduating. She says her Christian faith helped her survive the ordeal of losing her husband and parents in the short period of one year.

LyrArc Article Gist
Among women 18-29 less than 30 percent say their career or education has been hurt by sexism or child-care needs. The figures move higher with age. This is one of the reasons that Hillary Clinton draws more votes from older women than younger women. This is one of the insights from analysis of polling questions in a University of Massachusetts poll before the Massachusetts primary in Feb. 2016. Another insight from this article in the WP is that it also shows younger women think deeply about the issues. In a general election with Trump as the nomnee these women supporting Sanders are likely to vote for Clinton because of being alienated by the sexist comments of Trump. It helps that younger women are thinking deeply about the issues when so much is at stake in this election.

LyrArc Article Gist
Koch describes Trump's statement about Muslims with the notion that 'We'll have them all register' as "monstrous" and "reminiscent of Nazi Germany," in an interview with George Stephanopoulos on ABC News weekly program. Trump is reported to have been open to a database tracking Muslims in the U.S. before backing off, according to WP, which is what Koch referrred to. About Cruz's statement about "carpet bombing" the ISIS group, Koch says he finds it "frightening." He calls both candidates "terrible role models" and agrees with George Stephanopoulos that Hillary could be a better presidential candidate than the two Republicans.

LyrArc Article Gist
The Labor Department figures showed the U.S. added 157,000 jobs in January 2013. The unemployment rate edged slighly higher to 7.9%. Government jobs declined by 9000 in January, and the risk remains that drastic job cuts under a sequester of government spending cuts supported by some in Congress would hurt the job market.

LyrArc Article Gist
The Washington Post editorial board warns against repeating the mistake made by president Obama of an hasty withdrawal from trouble spots in the Middle East. Many of the negative events in 2014-2017 were a result of a lack of action where needed or hasty withdrawal leading to the refugee crisis in both Syria and the European Union, and an increase in terrorism, This also led to the rise of extreme politics in many countries, and outside interventions that have worsened the situation.