"Youth unemployment in the eurozone has been stuck between 19% to 25% for the past eight years. In Spain and Greece, it's north of 40%. The bleak numbers underscore the uphill battle many young Europeans face in finding jobs that match their aspirations and education. Legions of young people have grown frustrated. Many are still living at home, while others have left their families and moved to new countries in search of work."
"Twenty-five of the EU’s current 28 members have signed up — Britain, Malta and Denmark are not involved. Key EU member states including France and Germany have long-campaigned for greater defence and security integration. And plans for an EU army were fleshed out further by EU President Jean-Claude Juncker when he unveiled his grand vision for the future of the bloc earlier this year."
"The Trump administration put new requirements in place on Friday for the 38 countries participating in the U.S. Visa Waiver Program, including that they use U.S. counterterrorism data to screen travelers, officials said. The United States will also start assessing VWP countries on their safeguards against 'insider threats' at their airports, especially those with direct flights to the United States, officials said."
"The new study adds to the already substantial evidence indicating that licensing laws are a major obstacle to geographic mobility, particularly for poor and lower-middle class people seeking to move to areas with greater opportunity. We have gotten to the point where some 30 percent of Americans have to have licenses to legally work in their respective fields, including even some states that license florists and tour guides. The evidence also suggests that most of these laws do far more to suppress competition than protect consumers."
"As recently as late October, Mugabe said black owners who invited whites back to rent and work seized fields would lose their farms. But the Zimbabwe Independent reports that the former first family was doing exactly that: leasing out part of Mazowe Citrus Estate to a company in which some of the main shareholders were white."
"The defect that causes the neurodegenerative disease Huntington's has been corrected in patients for the first time, the BBC has learned. An experimental drug, injected into spinal fluid, safely lowered levels of toxic proteins in the brain. The research team, at University College London, say there is now hope the deadly disease can be stopped. Experts say it could be the biggest breakthrough in neurodegenerative diseases for 50 years."
"Trading, which began at 6 p.m. ET (5 p.m. CT), was so intense that halts designed to cool volatility were triggered twice on the CBOE."
"Nasdaq Inc plans to launch a futures contract based on bitcoin in 2018, making it the third exchange operator to plan U.S. derivatives contracts linked to the digital currency, a source with knowledge of the matter said on Wednesday. CME Group, the world’s largest derivatives exchange, and CBOE Holdings, have both said they plan to launch futures products based on bitcoin this year, pending regulatory approval, helping fuel the crypto-currency’s rally. While Nasdaq does not have a hard date set for its product, the transatlantic exchange operator has offered an exchange-traded note based on bitcoin on its Stockholm exchange since 2015."
"'Venezuela will create a cryptocurrency,' backed by oil, gas, gold and diamond reserves, Maduro said in his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing. Ironically, Venezuela’s currency controls in recent years have spurred a bitcoin fad among tech-savvy Venezuelans looking to bypass controls to obtain dollars or make internet purchases. Maduro’s government has a poor track record in monetary policy. Currency controls and excessive money printing have led to a 57 percent depreciation of the bolivar against the dollar in the last month alone on the widely used black market."
"Merin, 74, had sued the city for not catching the forgery when the paperwork was first filed, but lost on appeal when the court backed a judge who said she couldn’t prove the city was negligent. The feisty homeowner is fuming and has vowed to fight the decision."