9.12.2017

*|MC:SUBJECT|*
09.12.2017
NEED TO KNOW.
United Nations.
Unanimously passed its toughest-ever sanctions against North Korea, setting limits on oil imports into the country while banning its textile exports. In total, the sanctions could remove $1.3 billion from the North Korean economy, whose GDP is only about $28 billion. Crude and refined oil imports into North Korea will be capped at 8.5M barrels per year - roughly a 30% reduction - while natural gas imports will be banned outright. The resolution also took aim at remittances - when foreign workers make money and send it back to North Korea - by prohibiting nations from authorizing new work permits to North Korean citizens. The sanctions are severe compared to UN standards but still fall short of what the Trump administration requested. To keep the numbers in perspective check out this great, interactive breakdown of the North Korean economy

DACA.
Four states led by California filed suit against the Trump administration's decision to rescind the Deferred Action for Childhood Arrivals program, or DACA. California - where more than 25% of DACA-eligible immigrants live - was joined by Maine, Minnesota, and Maryland. Attorney General Xavier Becerra claimed that the California economy would be unfairly burdened if 200,000 people were deported - though the suit itself alleges the White House violated the Administrative Procedure Act and the Regulatory Flexibility Act, which requires a period for public comment before major rule changes. The Trump administration is caught in a legal battle on both sides over DACA - 15 other states and the District of Columbia filed suit over the decision to end the program last week, while Texas led nine other states threatening to sue if Trump did not rescind the program. Read the full brief here.

Brexit.
Britain's parliament cleared a first hurdle in passing legislation to move ahead with negotiations to leave the European Union on Monday - also known as 'Brexit'. The vote for a second reading - like bringing a bill to the floor in the US congress - passed 326 to 290 and now opens up a lengthy amendment process before becoming law. The decision to withdraw from the EU has roiled UK politics since June of last year, when David Cameron stepped down as Prime Minister after a national referendum supported the move. May - who was elected to replace Cameron - has continuously looked to both parliament and popular opinion as she moves forward on leaving the bloc (see timeline and background). Britain's exit from the EU will have broad impact on the economy once it finally happens - Net migration to the UK already dipped by 10% with forecasts for growth slowing to around 1.6% by next year. 

 
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IN THE KNOW.

Sports, Entertainment & Culture.

Cleveland Indians win 19th straight, one win from tying all-time record (More)
Wonder Woman 2: Patty Jenkins to direct; will become highest paid female director of all time (More)
Bob Dylan announces 21-date Fall tour launching in October (More)
 

Science & Technology.

Gut microbes shown to regulate progression of multiple sclerosis in mice (More)
Mercedes will electrify entire lineup by 2022 (More)
New model suggests biggest coffee producer could see land shrink by 90% by 2050 due to climate change (More)
 

Business & Markets.

Fortune releases annual list of 100 fastest growing companies (More)
Acquisition announcement and price cuts lead to 25% jump in Whole Foods shoppers (More)
BP files IPO for US Pipeline assets, seeks $100M (More)
 

Politics & World Affairs.

8 dead plus suspect in shooting at home in Dallas suburbs (More)
Bob Corker (R, TN), head of Senate Foreign Relations Committee, mulling 2018 retirement (More)
Trump weighs more aggressive Iran strategy, targets cyber espionage (More)
IN DEPTH.

My Year in a Silicon Valley Hacker House. 

The Guardian | Andrew Frawley. It seems that working for a tech startup in Silicon Valley would be a lavish lifestyle, but Andrew Frawley - a tech entrepreneur - reveals the truth about working in Silicon Valley. A year ago, Frawley paid nearly 1,300 dollars per month for a shared 10x10 room in a hacker house, the Negev, near San Francisco’s infamous Sixth Street. Frawley’s honesty reminds us of the grim success rate of the industry and the extremely modest lifestyle, not to mention the other negatives like muggings or pitbull attacks. Read to see behind the scenes. 
 

IBM pitched its Watson supercomputer as a revolution in cancer care - it’s nowhere close.

STAT | Casey Ross and Ike Swetlitz. Still struggling to tell the difference between different forms of cancer, IBM's Next Big Thing has fallen far short of its lofty goals so far. Despite its cloud-based supercomputing approach, Watson for Oncology still suffers from a fundamental problem - relying on human input for learning. In practice, Watson may represent the difference between big promises by tech evangelizers and reality.
ETCETERA.
Ed Policy: NYT Magazine's special issue Education by the Numbers.

Also: Inequality in teacher pay varies wildly across states (new data from Brookings).

Hangover cures as recommended by top bartenders.

State of Salary Report 2017: LinkedIn slices data on the top paying jobs in the US a bunch of different ways.

If it doesn't suck, it's not worth doing (or, the 40% rule). 

See the full trailer for Curb Your Enthusiasm Season 9.

The 10 healthiest countries in the world according to the Bloomberg Health Index.

Science: DNA analysis identifies first female Viking warrior, was badass.

You're probably not - but you can actually be allergic to exercise.

Clickbait: Dad steamrolls son to catch foul ball.

Historybook: HBD Henry Hudson (1575); First Battle of Lexington, MO (1861); HBD Jesse Owens (1913); HBD Barry White (1944); JFK & Jackie Bouvier married (1953); Mae Jemison is 1st African-American woman in space (1992); RIP Johnny Cash (2003); King Richard III remains found in parking lot in England (2012).
"SUCCESS IS HAVING TO WORRY ABOUT EVERY DAMN THING IN THE WORLD, EXCEPT MONEY"
-Johnny Cash
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