LyrArc Article Gist
An account of the events of Thursday February 3, 2011, in Cairo, Egypt. The youth movement organizes in the barricades in Tahrir Square- diffferent groups mange different tasks from checking identification, medical work, public relations, and so on.

LyrArc Article Gist
Raj Rajaratnam was convicted on 14 counts for insider trading violations. Prosecutors successfully used wiretap evidence for the first time in an insider trading case.

LyrArc Article Gist
Margin trading reaches over 1100 billion yuan by Feb. 2015 in China's stock markets. Action by regulators fails to control the leveraging.

LyrArc Article Gist
Peter Morici is interviewed by Maria Bartiromo. He says the dollar should be devalued against the yuan by 40-50%. China by keeping the yuan undervalued has provided its exports with the equivalent of an export subsidy. China will only allow imports of solar panels with 75% domestic content, the US does not. The other problem is the banks and compensation. Morici says banks compensation should be like that of a regulated public utility. Can one imagine the head of Con Ed making the kind of compensation at the banks?

LyrArc Article Gist
How AI bots working for Perplexity are affecting $64 billion in Ads revenue for Amazon and Amazon's response. A judge rules in favor of Amazon to keep AI bots out of its shopping site.

LyrArc Article Gist
In the past market forces pushed the US out of the chip business to highly subsidized chip companies TMC and SMIC in Taiwan and China. US cannot have it both ways. It cannot compete with China in chips and allow temporary market forces do the job of decimating its chip industry.    Market forces are rags to riches and mostly short term ignoring long term. Nvidia now valued at $1 trillion under market forces would not exist today. WSJ showed recently that only with the help of a loan from a Japanese Sega videogame executive Iramijiri to Nvidia founder Jensen Huang was Nvidia able to survive market forces in 1998. Qualcomm a maker of phone chips has made a takeover offer of Intel in 2024. Intel shares dropped 60% this year and is valued on share basis at $90 billion- yet was recently at $290 billion closer to its true value as America's chip pioneer and leader. Qualcomm is at $185 billion. Yet share values can be rags to riches as Nvidia story of going up to $1 trillion in 2021 and $3 trillion in 2024 shows. Such a deal draws anti trust concerns with too much control under one company. A deal for takeover of British owned ARM by Nvidia was stopped by regulatory authorites in UK and the EU in 2022. The US government is giving $8.5 billion to Intel to build up its chip making technology in competition with China. The Gelsinger plan is for manufacturing to be boosted up, so is the effort of the Biden administration. It may take time yet it is the right approach for the US. Pat Gelsinger is leading this effort at Intel. In the past market forces pushed the US out of the chip business to highly subsidized chip companies TMC and SMIC in Taiwan and China.    ...

LyrArc Article Gist
DJT says about the loss of American manufacturing of key technologies-

"We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations."

A separate bucket is planned for this category customized to what is needed and appropriate, returning manufacturing to US and Allies India, working with Japan and South Korean allies, and at the same time providing a smooth transition away from China. Overconcentration in China is not going to work, has not worked, action is needed now.

LyrArc Article Gist
Italian cooking in Italy- do's and don'ts for good Italian cooking. Food, agriculture around food is big in Italy. It adds up to $228 billion with huge export potential. Packaged product including pasta at $100 billion and about $136 billion for product consumed in restaurants and coffee shops. UNESCO has given its label to Italy as a top culinary place in the world.

LyrArc Article Gist
James Marson tells the story of how Ukraine volunteer forces helped defend Kviv from the Russian army in the early days of the war. As refugees spilled out on the roads the regular army did not have the mobility and speed that volunteers organized in small units. Volunteers quickly blew up bridges and dams to slow the Russian advance until regular army units could move into action. This was how Kviv was defended in March 2022.

LyrArc Article Gist
Customs and Border officials are rushing to meet President Trump's plan for 450 miles of new border wall separating U.S. from Mexico to halt illegal border crossings.

LyrArc Article Gist
Kuwait oil production cut as storage fills up March 2026. Fewer tankers are making it through the Straits of Hormuz. Huge inventory on tankers in ocean waters and the added supplies from Venezuela help relieve the pressure on oil supplies as Iranian oil production stops. The US allows India to get Russian oil for 100 days in this special situation of war in the Middle East region.