The Secret to a Happy Marriage: Scrabble; For 30 years, one couple has stayed together by using their words

The Secret to a Happy Marriage: Scrabble

For 30 years, one couple has stayed together by using their words.

SHIRA DICKER and ARI L. GOLDMAN

Dec. 27, 2013 7:44 p.m. ET

When we get invited to an engagement party—something happening more now that we have children in their late 20s—we always give a Scrabble set. Invariably, we wrap it up, attach a bow and include a note with a promise: “Here is one of the secrets of a happy marriage.” Read more of this post

A Fund That Invests Like Buffett

A Fund That Invests Like Buffett

“Put all of your eggs in one basket and then watch that basket,” Warren Buffett says. In other words, if you want to beat the market, focus your efforts on a concentrated portfolio of stocks whose businesses have been analyzed as thoroughly as possible to screen out any chance of a blowup. Read more of this post

The fall guy: Bad emperors get all the credit for crumbling dynasties. What of the incompetent functionaries who do all the work?

The fall guy: Bad emperors get all the credit for crumbling dynasties. What of the incompetent functionaries who do all the work?

Dec 21st 2013 | From the print edition

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IT WAS the summer of 1880. In China’s rugged north-west, Russian soldiers were skirmishing with Chinese forces. In the seas to the east, the tsar’s navy was approaching Chinese waters. Thousands of Chinese troops were dispatched to Tianjin, near the capital, Beijing, where an army was mobilising for a war the Qing empire did not wish to fight. Considering that China and Russia had just negotiated a treaty, things were not going terribly well.

Read more of this post

Pulpit Bullies: Why Dominating Leaders Kill Teams

Pulpit Bullies: Why Dominating Leaders Kill Teams

by Michael Blanding | Dec 27, 2013

Power interrupts, and absolute power interrupts absolutely. Francesca Gino and colleagues discover that a high-powered boss can lead a team into poor performance

When Harvard Business School Associate Professor Francesca Gino invites high-powered business leaders to address her class, she often observes an interesting phenomenon. The guest speakers announce that they are just as interested in learning from the students as teaching them, and encourage them to ask questions and make comments. In reality, however, the speakers often do the opposite—dominating the time and not allowing for much discussion at all. Read more of this post

Loyal Subscribers Keep Hobby Magazines Afloat

December 27, 2013

Loyal Subscribers Keep Hobby Magazines Afloat

By CHRISTINE HAUGHNEY

Lance Prucnal’s family, like others in the digital age, has canceled most of its newspaper and magazine subscriptions. Mr. Prucnal’s wife dumped Family Circle, Taste of Home and Better Homes & Gardens because she no longer found enough interesting recipes. His daughter said goodbye to Glamour. And he didn’t renew Newsweek and The Dallas Morning News because the family was getting their general-interest news from television. Read more of this post

The Indie Innovator of Champagne Country: Anselme Selosse, the reclusive French vintner who helped uncork a bubbling movement

The Indie Innovator of Champagne Country

Jay McInerney tracks down Anselme Selosse, the reclusive French vintner who helped uncork a bubbling movement

JAY MCINERNEY

Updated Dec. 27, 2013 5:31 p.m. ET

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GROWER SPIRIT | Anselme Selosse, who runs Jacques Selosse, at his winery Michel Joly for The Wall Street Journal

CHAMPAGNE LOVERS should be grateful to Anselme Selosse, who has inspired a new generation of grape growers to produce their own bubbly rather than sell their grapes to the big, brand-name houses. The proliferation of small grower-made Champagnes, especially from Côte des Blancs, the area of France best suited to Chardonnay grapes, has been the most exciting recent development in Champagne. Grower Champagnes are the indie bands of the world’s most famous sparkling-wine region—not necessarily better, but quirkier and more distinctive than the products of the big houses. Read more of this post

When Franklin D. Roosevelt was stricken with polio at 39, it was reasonable to assume that his only future was retirement as an invalid. Alonzo Hamby reviews James Tobin’s “The Man He Became.”

Book Review: ‘The Man He Became’ by James Tobin

When Franklin D. Roosevelt was stricken with polio at 39, it was reasonable to assume that his only future was retirement as an invalid.

Alonzo L. Hamby

Dec. 27, 2013 4:38 p.m. ET

Visitors to the District of Columbia’s greatest theme park, the Franklin D. Roosevelt Memorial, are greeted at the entrance by a life-size statue of FDR in a wheelchair. Not in the original plan, it was added in 2001 after sustained advocacy by groups representing the handicapped. Roosevelt, despite his own championing of polio victims, would surely have preferred to see himself depicted without a wheelchair. He avoided such images during his lifetime, carefully constructing instead the persona of a leader who had grappled with the dread disease and prevailed over it. In “The Man He Became,” James Tobin describes, with a crisp narrative sweep, the difficult physical battle that culminated in FDR’s election to the presidency in 1932. Read more of this post

What Children Really Think About Magic; research shows little kids’ surprisingly sophisticated concepts of fantasy and reality

What Children Really Think About Magic

Dec. 27, 2013 7:29 p.m. ET

This week we will counter the cold and dark with the warmth and light of fantasy, fiction and magic—from Santa to Scrooge, from Old Father Time and Baby New Year to the Three Kings of Epiphany. Children will listen to tales of dwarves and elves and magic rings in front of an old-fashioned fire or watch them on a new-fashioned screen. Read more of this post

The Words That Popped in 2013: As a Busy Year Rushed By, a Spray of Newly Coined Terms Burst Forth Around Us

The Words That Popped in 2013

As a Busy Year Rushed By, a Spray of Newly Coined Terms Burst Forth Around Us

BEN ZIMMER

Dec. 27, 2013 7:26 p.m. ET

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Casting an eye back on 2013 through the lens of language can feel like looking at a series of bubbles: words that momentarily caught our fancy, often tied to passing trends or breaking-news stories. But those bubbles in the language almost always go “pop!” before too long, as new ones rise to take their place. Read more of this post

Paul Krugman: The tale of three money pits; It is also a tale of monetary regress — of the strange determination of many people to turn the clock back on centuries of progress.

The tale of three money pits

This is a tale of three money pits. It is also a tale of monetary regress — of the strange determination of many people to turn the clock back on centuries of progress.

27 DECEMBER

This is a tale of three money pits. It is also a tale of monetary regress — of the strange determination of many people to turn the clock back on centuries of progress. The first money pit is an actual pit — the Porgera open-pit gold mine in Papua New Guinea. The mine has a terrible reputation for both human rights abuses and environmental damage. Read more of this post

Trip Tips: Perception versus reality on the reconstructed Silk Road

Trip Tips: Perception versus reality on the reconstructed Silk Road

Thu, Dec 26 2013

By Peter Ward

SAMARKAND (Reuters) – I had a smile on my face as I strode across the tarmac of Samarkand airport, for I had arrived at last in the city I had toiled for four years to recreate as a novelist. Read more of this post

Thatcher, Mandela, Chavez Are Among Notable Deaths in 2013

Thatcher, Mandela, Chavez Are Among Notable Deaths in 2013

The first female prime minister of the U.K., the first black president of South Africa and the first woman to buy a seat on the New York Stock Exchange were among the notable deaths of 2013. Margaret Thatcher, 87, died in April; Nelson Mandela, 95, died this month; and Muriel Siebert, 84, died in August. The year also included the deaths of politicians Edward Koch, 88, in February and Hugo Chavez, 58, in March; musicians Marian McPartland, 95, in August and Lou Reed, 71, in October; and athletes Stan Musial, 92, in January, and Ken Norton, 70, in September. The world of business, finance and investing lost Fred Turner, 80, the former McDonald’s Corp. chief executive officer who introduced Chicken McNuggets, Egg McMuffins and Happy Meals, in January; Martin Zweig, 70, who predicted the 1987 stock-market crash, in February; and Alfred Feld, 98, whose 80 years at Goldman Sachs Group Inc. made him the firm’s longest-serving employee, in November. Here are the year’s notable deaths, with each name linked to a previously published obituary. A cause of death is provided when known. Read more of this post

China to Blacklist Health Firms Implicated in Bribery

China to Blacklist Health Firms Implicated in Bribery

Listed Companies to Be Barred for Two Years From Selling in the Relevant Province

LAURIE BURKITT

Updated Dec. 27, 2013 11:09 a.m. ET

BEIJING—China’s health regulators are rolling out a corporate blacklist for drug and medical-device companies implicated in commercial bribery, a move aimed at stamping out corruption in the country’s graft-ridden health-care sector. Read more of this post

Hepatitis Vaccine Maker Beijing Tiantan Slumps After Baby Deaths in China

Hepatitis Vaccine Maker Slumps After Baby Deaths: Shanghai Mover

Beijing Tiantan Biological Products Corp. (600161) plunged by as much as the 10 percent daily limit in Shanghai trading after media reports linked the company’s hepatitis B vaccine to the death of two infants in China. Read more of this post

Smart Cancer Research: David Van Andel and his wife are devoted to finding practical cancer treatments

December 27, 2013, 10:54 A.M. ET

Smart Cancer Research

By Robert Milburn

At the Van Andel Institute, a cancer research organization based in Grand Rapids, Michigan, impatience with the medical status quo is baked into its DNA. Currently, it takes ten years and a billion dollars to get a drug approved by the FDA, says David Van Andel, the institute’s chairman and CEO. That’s simply unacceptable, he says. Read more of this post

Merck is working on a plan to reshape its once-storied research-and-development unit that would create international innovation hubs tapping into drug research outside of its labs

Merck Plans Radical Overhaul of Drug R&D Unit

PETER LOFTUS And JONATHAN D. ROCKOFF

Updated Dec. 27, 2013 4:50 p.m. ET

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Merck MRK +0.14% & Co. is working on a plan to radically reshape its once-storied research-and-development unit that would create international innovation hubs tapping into drug research outside of its labs. Read more of this post

Elderly Homes Weak Link in Battle Against Superbugs

Elderly Homes Weak Link in Battle Against Superbugs

New findings are giving credence to the idea that superbugs, which resist the most powerful antibiotics, thrive just where the frailest people dwell: nursing homes. A report published last month in the Journal of Clinical Microbiology found that more than a quarter of residents in 26 Orange County, California, nursing homes carried a bacterium known as MRSA, a rate that surprised researchers. Another study in April found that retirement-home residents in one area of Japan had three times more of another type of resistant bug than healthy locals. Read more of this post

New Energy Struggles on Its Way to Markets; two of those largest sources, nuclear and wind power, are trying to kill each other off

December 27, 2013

New Energy Struggles on Its Way to Markets

By MATTHEW L. WALD

WASHINGTON — To stave off climate change, sources of electricity that do not emit carbon will have to replace the ones that do. But at the moment, two of those largest sources, nuclear and wind power, are trying to kill each other off. Read more of this post

Godiva owner Yildiz to buy DeMet’s Candy for $221 mln

Godiva owner Yildiz to buy DeMet’s Candy for $221 mln

9:54am EST

(Reuters) – Private equity firm Brynwood Partners said it will sell its stake in DeMet’s Candy Company, the U.S. maker of Flipz chocolate pretzels and Turtles covered nut clusters, to Turkey’s Yildiz Holdings for $221 million. Brynwood formed DeMet’s Candy in 2007 to consolidate its confectionary brands including Turtles, Flipz and Treasures milk chocolates acquired from Nestle SA (NESN.VX: QuoteProfileResearchStock Buzz). Brynwood, The owner of Zest soaps and Soft & Dri deodorants, will also sell two U.S. manufacturing facilities as part of the deal. Yildiz, Turkey’s largest food group, owns the family-run biscuit company Ulker (ULKER.IS: QuoteProfile,ResearchStock Buzz) and premium chocolate maker Godiva. The company earlier this year bought Spanish discount retailer Dia’s (DIDA.MC: QuoteProfileResearchStock Buzz) Turkish operation DiaSA for 136.5 million euros. Houlihan Lokey Capital Inc served as the investment adviser to DeMet’s Candy, Brynwood said in a statement. The news of the sale was first reported by the Wall Street Journal.

Why did Alibaba and Jingdong apply for mobile telecom licenses?

Why did Alibaba and Jingdong apply for mobile telecom licenses?

December 27, 2013

by Josh Horwitz

Yesterday news broke that China’s Ministry of Industry and Information Technology (MIIT), the regulator of the country’s three state-owned telcos, announced that 11 Chinese companies had received licenses allowing them to operate as “virtual telecom service providers.” This enables these private firms to lease services from China Telecom, China Mobile, or China Unicom and repackage them for consumers, much like how Sprint licenses airwaves to Virgin Mobile, or how Walmart offers service plans using T-Mobile’s network. Read more of this post

WeChat gets ready for primetime with upcoming release of WeChat TV

WeChat gets ready for primetime with upcoming release of WeChat TV

December 26, 2013

by Josh Horwitz

Tencent (HKG:0700), the company behind behemoth Chinese messaging app WeChat, has announced it will partner with television manufacturer Skyworth and content provider CNTV (the online branch of official state broadcaster CCTV) to launch “WeChat TV,” a standalone smart TV. Read more of this post

Camera360, One Of China’s Most Popular Photo Apps, Now Focusing On International Growth

Camera360, One Of China’s Most Popular Photo Apps, Now Focusing On International Growth

Posted Dec 23, 2013 by Catherine Shu (@catherineshu)

Build by Pingguo, a startup based in Chinese tech hub Chengdu, Camera360 is already one of the world’s most successful photo editing apps with over 180 million users in more than 200 countries who take about 80 million photos each day. But it has faces strong competition from other photo editing apps like Camera+ and Afterlight, all of which are aimed at users who want more advanced editing features than filters. Read more of this post

Worries in the Path of China’s Air

December 25, 2013

Worries in the Path of China’s Air

By KATE GALBRAITH

When China’s skies darken with pollution, it is not the only nation to suffer. Soot, ozone-forming compounds and other pollutants from China can blow east to Korea and Japan. Ultimately, some even reach the west coast of the United States, scientists say. Read more of this post

The Rise and Fall of a Local Official Obsessed with GDP Growth; Guo Youming rose through the ranks in Hubei by producing stunning economic results. Now, corruption fighters want to know how he did it

12.27.2013 15:54

The Rise and Fall of a Local Official Obsessed with GDP Growth

Guo Youming rose through the ranks in Hubei by producing stunning economic results. Now, corruption fighters want to know how he did it

By staff reporter Ren Zhongyuan

(Beijing) – A November 27 statement by the Communist Party’s anti-corruption watchdog confirmed that the deputy governor of Hubei Province, Guo Youming, was being investigated for graft. Read more of this post

Small jet makers see big chance as China prepares to open skies

Updated: Friday December 27, 2013 MYT 12:15:47 PM

Small jet makers see big chance as China prepares to open skies

BEIJING Ferraris and Rolls-Royces have become common sights in China’s cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite, remains rare. Read more of this post

Regulator Has Eyes on Popular Online Investing, Sources Say; CSRC beginning to worry about the unregulated activity, which often sees sellers pledge eye-catching returns

12.27.2013 18:40

Regulator Has Eyes on Popular Online Investing, Sources Say

CSRC beginning to worry about the unregulated activity, which often sees sellers pledge eye-catching returns

By staff reporter Yang Lu

(Beijing) – The China Securities Regulatory Commission (CSRC) has been mulling measures governing the e-sales of investment funds, sources with knowledge of the matter say. Read more of this post

Markets on Edge as China Moves to Curb Risky Lending

December 27, 2013

Markets on Edge as China Moves to Curb Risky Lending

By NEIL GOUGH and KEITH BRADSHER

HONG KONG — China’s financial system is in danger of becoming too big to bail out. Official bank lending has more than doubled since the global financial crisis, growing nearly twice as fast as the overall economy. The even bigger problem, however, appears to come from the rise of a shadow banking system that has allowed a number of companies and individuals, often with political connections, to borrow from state-controlled banks at low interest rates and relend the money at much higher rates to private businesses desperate for credit at almost any price. Read more of this post

Luxury market in China shifts from officials to young professionals

Luxury market in China shifts from officials to young professionals

Xinhua

2013-12-28

Though China’s current anti-extravagance drive is hitting luxury sales hard, the market is still huge, especially with smart and increasingly fashion-savvy consumers. Read more of this post

How Ultra-Rich Chinese Men Find Their Wives; “Luxury Matchmaker Parties” offer women the chance to meet and marry a multi-millionaire

How Ultra-Rich Chinese Men Find Their Wives

“Luxury Matchmaker Parties” offer women the chance to meet and marry a multi-millionaire.

By Charmika Monet

December 27, 2013

Much of the world is familiar with the unique struggles Chinese face when it comes to marriage. Increasingly strict financial security requirements coupled with the growing pains of a nation in the midst of swift change leave many unable to find proper marriage partners. Read more of this post

History’s future crumbling to ruins. Since 1978 when serious reform got underway, China has been striving to protect its past. The 1982 Cultural Relics Protection Law, was an institutional guarantee for historical relics

History’s future crumbling to ruins

NANNING, Dec. 27 (Xinhua) – At Xishan Mountain, a sacred Buddhist site in south China’s Guangxi Zhuang Autonomous Region, besides receiving pilgrims, the monks and nuns have a unique role: firefighters. Read more of this post