Getting Lost in the lanes around Beijing's Back Lakes: No other city in the world has anything quite like the hutong, narrow lanes once "as numberless as the hairs on an ox." Now rapidly vanishing, the best-preserved hutong are found around a pair of man-made lakes in the city center. This area is almost the last repository of Old Beijing's gritty, lowrise charm, dotted with tiny temples, hole-in-the-wall noodle shops, and quiet courtyard houses whose older residents still wear Mao suits.
Crude prices rose on Thursday as U.S. economic data came in positive and continuing unrest in the Middle East caused supplies fears. Market sentiment was boosted after the Commerce Department said U.S. gross domestic product expanded at a 2.7 percent annual rate, much faster than 2.0 percent it estimated last month. It was the quickest quarterly growth rate since the fourth quarter of 2011, helped by faster inventory accumulation and export growth, which offset weak consumer spending and a drop in business investment. Meanwhile, a report from the Labor Department added to the upbeat tone. The report showed U.S. initial jobless claims declined 23,000 in the week ended Nov. 24 to 393,000, as effect of Hurricane Sandy faded. Pending home sales climbed 5.2 percent in October, surging to its highest level in more than five years, according to the National Association of Realtors. Traders were closely watching the situation in the Middle East, in particular the viole...
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