The Week Unpeeled
Global headlines paid tribute to Nelson Mandela last week, who died at 96 years old after a storied life as an anti-apartheid activist, whom President Obama called a leader who “achieved more than could be expected of any man.” Interesting to read about his early life as a lawyer of noble birth in South Africa who loved jazz and nightlife, a profile rarely covered.
- The US unemployment rate fell to 7.0 percent in November from 7.3 percent in October and non-farm payroll added a higher-than-expected 203,000 positions, raising taper talk again;
- The jobs news rallied stocks with the Dow Jones rising nearly 200 points to end a five-day losing streak to close on Friday at 16,020;
- Also on the jobs front, Obama pushed for an increase in the federal minimum wage, amid expectations that the income equality story will continue to get ink in the weeks ahead;
- Newsweek plans to launch a weekly edition sometime early next week, after halting presses more than a year ago, based on a subscription model instead of an advertising model, a possible good sign for print;
- However, New York magazine made it official last week and announced that it will become a biweekly starting in the first quarter of 2014;
- Tyco’s former CEO Kozlowski, will be released on parole in January, one of the big bold-faced greed stories that played out in top-tier and tabloids for months before his conviction 2005; and
- Get in the Pink: Radiant Orchid is the new black, as Pantone announced the new “it” color for 2014.