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Here's a deep dive into the nature and purposes of mission and vision statements, and why taking the time to get them right is well worth the effort.
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Tom Stoppard, Award-Winning Playwright of Witty Drama, Dies at 88 The New York TimesWhere to start with Tom Stoppard: from Brazil to Leopoldstadt The GuardianBritish playwright Tom Stoppard, who won Oscar for ‘Shakespeare in Love,' dead at 88 CNNTom Stoppard, Cerebral Storyteller for Stage and Screen, Dies at 88 The Hollywood ReporterSir Tom Stoppard dead at 88: Legendary playwright won 5 Tony Awards and an Oscar
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Thanksgiving week comes with plenty of holiday-adjusted business hours, including, of course on Wall Street — so here's what you need to know.
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I'm tracking the best Black Friday TV deals LIVE — here are the can't-miss deals on 65-, 75- and 85-inch TVs you can still get Tom's GuideFour big things to know if you're going to buy a TV this weekend The Washington PostBest Black Friday TV deals 2025: Samsung, LG, TCL, and Hisense at record lows MashableYou Only Have a Few Hours Left to Nab This 75-Inch Toshiba 4K Fire TV for $350 With This Black Friday Deal CNET
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 Topic: MediaPoliticsThe NYT "Needle" in 2016
The 2020 election showed that doing live reporting on election counts when the order of counting has a bias is misleading and emotionally draining. Of course, there is no actual "race" with totals moving back and forth, one candidate in the lead and then another. That's just an illusion created by the bias in the order. The result is actually a fixed fact after the polls close, and we're just uncovering different parts as time goes by.
It's a bit like scratching off a lottery card. The final result of the card is fixed, you just get some drama revealing bits of it at a time.
The press get good ratings and we can't stop them from reporting this, even when they know the reports are misleading. But instead of one number, there's really two numbers to show from partial results:
The best estimate of the final number based on your models and what data you have
The amount of uncertainty in that estimate (which you might show as a scalar, or as a distribution.)
As we know, Trump even worked to exploit that lie, known as the red mirage, to call the election into question. It's serious stuff.
This particular time, we the following large biases.
In person votes were usually counted before
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
SEE MORE 10 Best Marijuana Stocks to Buy Now
"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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TWO years ago, a group of elders in this village in north-western Uganda agreed to lend their land to refugees from South Sudan. About 120,000 are now in the surrounding area. Here they live in tarpaulin shelters and mud-brick huts on a patch of scrub where cows once grazed. Kemis Butele, a gravel-voiced Ugandan elder, explains that hosting refugees is a way for a remote place, long neglected by the central government, to get noticed. He hopes for new schools, clinics and a decent road—and "that our children can get jobs".
There are more than 20m refugees in the world today, more than at any time since the end of the second world war. Nearly 90% reside in poor countries. In many, to preserve jobs for natives, governments bar refugees from working in the formal economy. Uganda has shown how a different approach can reap dividends. The government gives refugees land plots and lets them work. In some places, the refugees boost local businesses and act as a magnet for foreign aid. Mr Butele and many...Continue reading
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