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What to watch for today
A glimpse of the future for US housing. Analysts expect pending home sales to have [risen 0.5%] month-on-month in November, up from 0.1% the year prior. The numbers, from the National Association of Realtors, would show buyers wanting [to lock in purchases] (paywall) before further interest-rate hikes take hold.
John Kerry makes a last-ditch Israel-Palestine peace proposal. Days after the US allowed the UN to pass a resolution condemning Israeli settlement expansion, the secretary of State will [lay out a plan] for a two-state solution. It will be symbolic, since Israel has [resisted] recent US peace efforts and Donald Trump is likely [to dismantle them].
China and Pakistan talk roads. The Joint Cooperation Committee on the China Pakistan Economic Corridor (CPEC) will meet to evaluate ongoing infrastructure and energy projects. CPEC has [strong critics] in both countries because of high costs, corruption, and poor working conditions.
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What forces drag down your business? When things at work just work, itâs called âflow.â And increasingly it's how your business flows that separates the high performers from the also-rans. But optimizing your workflow starts with knowing the obstacles [â the âflow killersâ â] that commonly get in the way.
While you were sleeping
Toshiba faced a massive writedown. The Japanese electronics manufacturer lost almost [$5 billion] in market value after announcing that cost overruns at a US nuclear business it bought last year could cost it billions of dollars. The troubled conglomerate is still [trying to recover] from a $1.3 billion accounting scandal.
Data cast a fresh light on German immigration. More migrants are voluntarily choosing to leave Germany, while twice as many were turned away at Germanyâs borders in 2016 as in 2015, according [to new statistics]. Immigration will be a defining issue in the countryâs elections next year.
South Korea fined Qualcomm $853 million. The countryâs antitrust regulator has accused the chipset designer of [imposing unfair licensing fees] on mobile device makers using its patents. The company has faced similar hurdles in China and Europe, but South Korea is an important market: Samsung is Qualcommâs second-biggest customer.
Vietnamâs economy slowed for the first time in four years. Full-year GDP growth [was 6.2%], down from 6.7% in 2015. The government blamed a drought, the global economic slowdown, and an environmental disaster in April which devastated fisheries. Nonetheless, the country of around 90 million remains one of Asiaâs fastest-growing economies.
Tributes poured in for Carrie Fisher. The actress, author, screenwriter, and [script doctor]âbest known for playing Princess Leia Organa in the original Star Wars trilogyâwas heralded as a [one-of-a-kind talent] after news of her death at [age 60 in Los Angeles]. Over the course of her career, Fisher was candid about her experiences with marital discord, drug addiction, and [bipolar disorder].
Quartz obsession interlude
Amy X. Wang on musicâs dizzying year of change. âSomething new. Thatâs the key word here, the one that describes all the conscious efforts of many artists, in 2016, to make their releases stand apart. Musiciansâtrue ones, anywayâhave always done their best to differentiate their work from that of others past and present. (Some would argue thatâs one of the most imperative points of art.) Now theyâre doing the same with the way their music comes out, too.â [Read more here.]
Matters of debate
Time management is ruining our lives. The quest for personal productivity [only creates more anxiety].
Respect for others should be taught in school. Educators [can respond] to identitarian movements by helping students identify their own biases.
Humans should leave Mars alone. Making the planet habitable is theoretically possible, but [also unethical].
Surprising discoveries
Carrie Fisher had a secret career as a script doctor. She [quietly helped] rewrite Hook, Sister Act, and the Star Wars prequels.
Chinese state media are blaming kitchen fumes for smog. Readers are incensed by an editorial [attributing] the toxic haze that has choked cities partly to greasy cooking.
An Amazon Echo might have overheard a murder. Arkansas police [want to know if the device] picked up sounds that could help in their investigation.
Governments once wanted to abolish passports. Enabling easy migration was seen as a [vital international goal] until World War I.
Egyptian fruit bats argueâa lot. About 60% of their disputes [are over] food, sleeping positions, unwanted mating advances, or personal space.
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