What to watch for today
India’s coal strike. Half a million workers employed by state-owned mining companies will down tools for five days to protest a bill in parliament that would open up competition to private firms.
The US Congress gets back to work. The House and Senate will be Republican-controlled for the next two years and will try to roll back many of president Barack Obama’s initiatives. First up: healthcare, immigration, and the US relationship with Iran.
California breaks ground for a bullet train. The $68 billion project to build the first truly high-speed railway line in the United States will take quite a few years, but when it’s done the journey between San Francisco and Los Angeles will take less than three hours.
SpaceX tries to resupply the International Space Station. Elon Musk’s firm will try again after technical troubles delayed a rocket from taking off last month with the food and equipment to resupply scientists onboard the ISS. For the first time, SpaceX will try to bring the rocket back for a soft landing on an ”autonomous spaceport drone ship” in the ocean.
While you were sleeping
Verizon is reportedly considering an AOL acquisition. The telecom giant has approached AOL to discuss a possible buy-out or joint venture, according to Bloomberg. Verizon is reportedly most interested in AOL’s automated online advertising systems, but the deal would also be a major bet on the future dominance of online video.
Hong Kong targeted protest leaders for arrest. More than 30 people involved with the organizing of last year’s Umbrella Movement— including student leaders, pro-democracy legislators, and media mogul Jimmy Lai Chee-ying—were instructed to report to police headquarters, where they will be arrested on unlawful assembly charges.
China’s services sector picked up. HSBC/Markit’s purchasing managers’ index for the service sector was 53.4 in December, its highest level in four months. That will slightly offset a weakening manufacturing sector and a wobbling property market, but not enough to rule out additional government stimulus measures.
Two more NYPD officers were shot. The officers were taken to a hospital with non-life threatening injuries after being shot while trying to stop a robbery in the Bronx. Police are still searching for two suspected shooters.
Dueling visions for the future of TV. Sony’s Bravia smart TVs will soon run on Google’s Android platform, the company announced at the Consumer Electronics Show. At the same event, Samsung said its smart TVs would run its proprietary Tizen OS, and Panasonic said its 4K TVs would soon run on the Firefox OS.
HTC posted its first revenue growth in three years. Mid-priced smartphones and cheap tablets boosted fourth-quarter sales to NT$47.9 billion ($1.5 billion), from NT$42.9 billion a year earlier—the first sales growth in three years.
Quartz obsession interlude
Zainab Mudallal finds a nation of workaholics. “Although it isn’t legally required, most full-time employees in the US receive some paid vacation. It’s around 10 paid work days a year in addition to six federal holidays, according to the Center for Economic and Policy Research, a nonprofit think tank. That may seem like small mercy by Western standards (European workers typically get far more), but the sad truth is that Americans aren’t even using the handful of vacation days at their disposal.” Read more here.
Matters of debate
Facebook is the new AOL. Silicon Valley is repeating the mistakes of the late 90s.
Germany should worry about a Grexit. The risks of a Greek euro exit vastly outweigh the costs of another bailout.
Now is the time to raise carbon taxes. Governments should curb fuel consumption and line state coffers while oil prices are low.
Iran has a chance to shine in the Middle East. The rise of ISIL could help Tehran play the role of “protector state” to Shia minorities.
Nokia’s new $29 phone can access Facebook. The Microsoft-owned brand is venturing into internet-connected dumbphones.
CNN has video footage to be played at the end of the world. It’s a band playing “Nearer My God to Thee”—just like on the Titanic.
Lions love Christmas trees. The big cats at London’s zoo are using them as scratch poles.
Turkey is getting its first new church in 90 years. The $1.5 million structure will cater to Istanbul’s 18,000 Syriac Christians.
The chemist behind Viagra has been knighted. Dr. Simon Campbell was only trying to treat high blood pressure.
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