#UK A top VC firm just put together a stunning presentation on the state of startups

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Startup workers employees computer

Outside of the sweeping generalizations of ping-pong tables in offices and engineers who wear hoodies, it’s hard to get a read of what it’s like to actually run a startup in 2015. 

A top NYC VC firm, First Round Capital, decided to poll more than 500 founders what it’s like and, in an industry first, release data on the state of the startup industry, which they’ve let us republish in full here.

Here’s how startups are feeling about everything from raising money (pessimistic) to overhyped industries (wearables) to what time people get into work in the morning (not as late as you might think).

SEE ALSO: Having an app isn’t enough: The next phase of mobile now that everybody has a smartphone

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#UK ‘Les Miz’ to say goodbye to Broadway again after 2½-year run

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NEW YORK (AP) — The latest Broadway incarnation of “Les Miserables” will roll up its flags this fall.

The third Broadway incarnation of Claude-Michel Schonberg and Alain Boublil’s legendary musical will end its run Sept. 4 at the Imperial Theatre after 1,026 performances over 2½ years.

This version, directed by Laurence Connor and James Powell, capped a national tour that began in 2010. When it arrived, it starred Ramin Karimloo, Will Swenson, Caissie Levy and Nikki M. James. It currently stars Alfie Boe, Swenson and Montego Glover.

The musical boasts music by Schonberg, lyrics by Herbert Kretzmer and original French text by Boublil and Jean-Marc Natel. The songs include “I Dreamed a Dream,” ”Do You Hear the People Sing?” and “One Day More.”

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#UK 10 ties that actually make solid gifts

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tie bar makeover guy tie cut

Ties are usually considered the cop-out gift for dad.

The kind of thing you give a man when you have no other ideas and you just have to fill a box with something — anything.

Not these ties.

With the help of stylist Jessica Cadmus of The Wardrobe Whisperer, we’ve put together a list of 10 ties that any man should be glad to own. Ties that will add something — texture, design — to his wardrobe.

And by the way, this is a public service announcement specifically directed at you, Wall Street. We’ve seen enough Ferragamo ties — the Wall Street uniform — to last a lifetime, and it has to end.

1. Every man needs a knit.

So try Orley’s houndstooth tie knit in Italian silk, designed in New York but produced in Italy. Get it at Orley for $83.

2. Bright colors will help you stand out from the crowd.

A 100% silk tie from Faburiq comes from fabrics traditionally cut for kimonos in Japan, and features a kaleidoscope of bright blues, pale pinks, and royal purples. The woodblock-printed pattern shows detailed chrysanthemum flowers.

You can get it at Faburiq for $125.

3. Wait for it … the impact is at the bottom.

Get this $119 Givenchy tie for the holidays at Barneys New York. Made with 53% wool and 47% silk, the tie was made in Italy.

See the rest of the story at Business Insider

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#UK 9 successful people share the smartest thing they’ve ever done with their money

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Tony Robbins HeadShot

If you want to be the best, you have to learn from the best.

“Successful people look at other successful people as a means to motivate themselves,” writes T. Harv Eker in “Secrets of the Millionaire Mind.” “They see other successful people as models to learn from. They say to themselves, ‘If they can do it, I can do it.'”

Business Insider asked several successful people about the smartest thing they ever did with their money.

If you want to start building wealth, take notes on what they had to say:

SEE ALSO: What 11 successful people wish they’d known about money in their 20s

I built up an emergency fund.

Alexa von Tobel, founder and CEO of LearnVest.com, author of “Financially Fearless:”

“I am forever grateful for having built up my emergency savings during my first job out of college, which allowed me to start LearnVest. Without that extra cash set aside, I wouldn’t have had the ability to take that crazy leap (in the heart of the recession) and help make financial advice accessible for Americans across the country.”

I paid myself first.

Tony Robbins, motivational speaker, author of the bestseller “MONEY: Master The Game

“In a nutshell: Set aside a portion of my income to start to build my critical mass and committed to paying myself first.

“Explained further: One of the best pieces of advice that I received came from Ken Blanchard. I first met Ken when I was 24. At that time I was writing my very first book. It went on to land a spot on the New York Times Best Seller list, and I was gaining momentum and building my business.

“Like most people, I had already heard of George S. Clason’s 1926 classic, ‘The Richest Man In Babylon‘ the day that Ken pulled me aside for a talking-to. I was aware of a central concept in the book, the simple idea of paying yourself first — that is, taking 10% of your income and setting it aside to grow and protect you in the future. But Ken connected with me, and imparted a message at this critical time that I was coming into myself as a young businessman — he taught me something that many business owners don’t realize.

“He said:

Tony, any amount of money that you feed your business, it will eat. So in writing a book, you are doing something here that is outside of the business. You are doing something that is going to support the company hopefully by bringing in new fans of your work, who then maybe engage with your brand, and do business with your company.

Since the company is getting that benefit, make sure you take the profits of your book and set them aside, and never allow them into your company’s account. This is the most important career advice given to me by another man and I want to pass it on to you. Remember Tony: A business is always hungry.

“Decades have gone by since Ken Blanchard spoke those words to me. I now have over 20 companies and I’m actively involved in running a dozen of them. Throughout the years, those words never left me. In fact, they became the basis of financial independence as I know it.”

I invested in real estate.

Farnoosh Torabi, personal finance expert, bestselling author, host of the daily podcast, “So Money:”

“The smartest thing I ever did was purchasing real estate in New York City in 2004 and holding onto the apartment until 2014. The home price had appreciated close to 70%. I had a buyer in less than 24 hours on the market.”

See the rest of the story at Business Insider

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#UK Kerry urges Kosovo to stick to deals on ethnic Serbs, border

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PRISTINA, Kosovo (AP) — U.S. Secretary of State John Kerry says Kosovo’s government should proceed with agreements to provide ethnic Serbs greater autonomy and demarcate the border with neighboring Montenegro.

Kerry also says parliament is no place for tear gas, after opposition lawmakers interrupted a parliament session this week with the substance. They’ve vowed street protests, too.

Kerry said such intimidation is unacceptable.

Making a brief stop in Pristina, Kerry said Wednesday the agreements are necessary for the Balkan country. The top American diplomat also urged tougher action by Kosovo’s government to prevent people from joining the Islamic State.

The Muslim-majority country has the highest rate in Europe of citizens fighting for IS.

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#UK Olympic athletes are going to extremes to protect themselves from the sewage-filled waters in Rio

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rio water 2

The Associated Press just dropped a bombshell report that finds Rio de Janeiro’s sewage-filled waterways are even worse than previously believed.

AP reports that just nine months before the 2016 Olympics, Rio’s waterways have levels of viruses akin to raw sewage.

Experts told AP that athletes competing in the polluted waterways, where raw sewage often drains right into Guanabara Bay, face “almost certain” health risks.

Athletes have been trying different measures to protect themselves, like bleaching equipment, taking multiple showers, and preemptive antibiotics, as Gawker notes

AP reports that German Olympic sailor Erik Heil, after contracting MRSA, a flesh-eating bacteria, planned to wear plastic overalls while sailing through the polluted portion of the waterways to the events that take place further offshore.

That plan may be moot now, as AP’s tests found that the water was just as polluted one kilometer from the shore of Guanabara Bay. “The number of viruses found over a kilometer from the shore in Guanabara Bay, where sailors compete at high speeds and get utterly drenched, are equal to those found along shorelines closer to sewage sources,” AP says.

rio olympics bay pollution 2

Kristina Mena, an expert in waterborne viruses, told AP, “The levels of viruses are so high in these Brazilian waters that if we saw those levels here in the United States on beaches, officials would likely close those beaches.”

Mena also said that athletes who swallow three teaspoons of the water have a 99% chance of being infected by viruses.

The Rio 2016 Olympic organizing committee released a statement saying:

“The health and safety of athletes is always a top priority and there is no doubt that water within the field of play meets the relevant standards. Rio 2016 follows the expert advice of the World Health Organization, whose guidelines for Safe Recreational Water Environments recommend classifying water through a regular program of microbial water quality testing.”

Several athletes have already gotten sick from practicing in the water. In August, 13 U.S. rowers got a stomach illness while practicing in Rio, and a South Korean windsurfer was hospitalized with an illness while practicing.

Read the entire report here >

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NOW WATCH: The origins of the world’s strangest sports traditions

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#UK GOLDMAN SACHS: ‘The Blockchain can change… well everything’

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A supermassive black hole with millions to billions times the mass of our sun is seen in an undated NASA artist's concept illustration. In this illustration, the supermassive black hole at the center is surrounded by matter flowing onto the black hole in what is termed an accretion disk. This disk forms as the dust and gas in the galaxy falls onto the hole, attracted by its gravity. Also shown is an outflowing jet of energetic particles, believed to be powered by the black hole's spin, according to a NASA news release.

Goldman Sachs is a big bull on blockchain, the distributed ledger software that underpins digital currency bitcoin.

In an “Emerging Theme Radar” note sent to clients on Wednesday, the bank says: “While the Bitcoin hype cycle has gone quiet, Silicon Valley and Wall Street are betting that the underlying technology behind it, the Blockchain, can change… well everything.”

In its most basic form, the blockchain records ownership of bitcoin and transactions involving the cryptocurrency across a wide network of computers, as opposed to a centralized ledger.

Transactions are signed off by the parties involved using the software, checked by the network or the “crowd,” then added to the blockchain — a long string of code that records all activity. Encryption in the software ensure these “blocks” can’t be tampered with or altered. And the decentralized nature means the “crowd” police the whole system.

Here’s a diagram Goldman produced to explain how it works:blockchainThe software cuts out the need for a “trusted middleman” to sit in between parties in a transaction, such as a bank or clearinghouse. This makes transactions quicker, cheaper, and easier when compared to the current systems banks use.

Banks like Goldman are therefore keen to see if it can be adapted for use with traditional currency, rather than just bitcoin. Beyond that, there’s excitement that it could be used for everything from issuing shares to “smart contracts” that only unlock funds once certain pre-conditions are met.

Or as Goldman’s analyst Robert D. Boroujerdi puts it:

It [blockchain] has the potential to redefine transactions and the back office of a multitude of different industries. From banking and payments to notaries to voting systems to vehicle registrations to wire fees to gun checks to academic records to trade settlement to cataloguing ownership of works of art, a distributed shared ledger has the potential to make interactions quicker, less-expensive and safer.

It’s not clear whether Boroujerdi is talking about using the specific blockchain that underpins bitcoin for all these uses, or replicating the technology to build separate blockchains.

I noted in a recent piece that some of the best-funded bitcoin startups are pivoting their businesses or tweaking their messaging to make it more about selling the benefits of bitcoin’s blockchain to consumers or companies, rather than the bitcoin itself.

Boroujerdi says: “Bitcoin was just the opening act, with the Blockchain ready to take center stage.”

Despite Boroujerdi’s seeming runaway optimism, he does note that there are some drawbacks. One worry is the potential cost of developing and maintaining the network. Another is the lack of a regulatory framework. And a third is concerns over the capacity of the blockchain.

But the big trends are encouraging — venture capital funding for the sector is growing, as is usage of bitcoin’s blockchain.

Goldman Sachs isn’t the only big bank excited about the blockchain — in fact, most of them are. Thirty banks have now signed up to the R3 or R3CEV partnership, which Goldman name-checks in the note. R3, based out of New York, is trying to establish industry-wide standards and protocols for using the technology, as well as exploring potential use cases.

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NOW WATCH: JAMES ALTUCHER: The American Dream is a lie

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#UK Here’s the diet Michael B. Jordan ate to get ridiculously ripped for ‘Creed’

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Creed Warner Bros final

In the new boxing film “Creed,” actor Michael B. Jordan manages to look even more ripped than Carl Weathers and Silvester Stallone, who played Apollo Creed and Rocky Balboa, respectively, in the “Rocky” movies.

To get in shape for the role of Adonis Creed — Apollo’s illegitimate son in the film — Jordan worked closely with personal trainer Corey Calliet and followed a strict diet.

“I remember on set of ‘Fantastic Four’ there was talk of Mike doing ‘Creed,'” Calliet recalled. “I grew up watching ‘Rocky,’ and they were so ripped, but I knew with my skills I could do better.”

Along with amping up his workout schedule, Calliet directed Jordan to increase his intake of lean proteins like egg whites, chicken, and fish, which help build muscle, and pair them with whole grains like brown rice or oats, which help fill you up and smoothe digestion, plus some fresh veggies for key vitamins and minerals.

Importantly, Calliet also had Jordan eating small meals more regularly — about every 30 minutes, he told E! Online. All told, he ate six meals each day for the diet.

“Literally in the middle of takes, I would just be eating food. Chicken and rice and broccoli — a lot of it,” he said.

Here’s the meal plan Calliet gave Jordan, according to Men’s Journal:

Meal 1

  • 6 egg whites
  • 1 whole egg
  • 45 g carb (ex: oats, rice, etc.)

Meal 2

  • Protein shake
  • 35 g carb (ex: steelcut oats)

Meal 3

  • 8 oz lean protein (ex: chicken, ground turkey)
  • 65 g carb (ex: rice, sweet potato)
  • 1 cup green veggie

Meal 4

  • 8 oz lean protein (ex: chicken, ground turkey, or fish)
  • 35 g carb (ex: rice, sweet or red potato)

Meal 5

  • Protein shake
  • 35 g carb (ex: steelcut oats)

Meal 6

  • 8 oz lean protein (ex: chicken, ground turkey)
  • 1 cup green veggie
  • 1 tsp oil (ex: olive oil, coconut oil, macadamia nut oil)

He also added in some supplements to the diet, including something called a “pre-workout supplement” and a “recovery supplement,” though we’re doubtful these are absolutely crucial.

Here’s how Jordan looked before — and after — training with Calliet:

Michael B. Jordan Creed

Also, he was reportedly allowed one day off the diet ass a “cheat day” each week, during which he ate whatever he wanted.

The movie was shot in Philadelphia, Rocky’s hometown. “I don’t know if a person has ever eaten as many cheesesteaks as I saw Mike eat,” Calliet told Men’s Journal.

In addition to a strict diet, here’s a snapshot of the intense workout Jordan did six days a week:

  • 45 to 60 minutes of cardio
  • Three sets of 25 reps of sit-ups every other day
  • One-mile warm-up on the treadmill
  • Two sets of 10 reps of push-ups
  • Four sets of dumbbell curls
  • Three rounds of 20 reps of box jumps, jump squats, and burpees
  • Boxing training (heavy bag, speed bag, jump rope)

See Calliet’s complete workout regimen at Men’s Journal.

CHECK OUT: Here’s the workout Michael B. Jordan used to get in insane shape for his boxing movie, ‘Creed’

NOW SEE: Most celebrity diets are bogus, but here are the ones you should consider

Join the conversation about this story »

NOW WATCH: Watching Sylvester Stallone play Rocky again after all these years in the trailer for ‘Creed’ is fantastic

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#UK Emails show a cozy connection between Theranos and the US military

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elizabeth holmes ted med

Elizabeth Holmes, the founder of $10 billion blood-testing company Theranos, has relied on her connections to at least one high-level military official to help deal with questions about the use of her company’s theoretically revolutionary blood tests, according to emails obtained by the Washington Post.

The startup has been under fire recently after questions were raised about the accuracy of their internally-developed lab tests.

Observers have also long wondered why the company has a board of directors full of ex-military and political officials, instead of biotech and medical experts, something Theranos is now reportedly working to correct.

According to the latest report in the Post, “an official evaluating Theranos’ signature blood-testing technology for the Department of Defense sounded the alarm in 2012 and launched a formal inquiry with the Food and Drug Administration about the company’s intent to distribute its tests without FDA clearance.”

That prompted Holmes to reach out to four-star general James Mattis, whom she had originally met at a Marine Memorial event in 2011, according to information provided to the Post by Theranos. Mattis wanted to test the company’s technology in the field, the Post reported, which prompted questions by an unnamed military official.

According to the emails cited by the Post, Holmes described the reviewer’s concerns as “blatantly false information” and wrote Mattis to say: “I would very much appreciate your help in getting this information corrected with the regulatory agencies.”

After retiring from the Marine Corps, Mattis joined Theranos’ board of directors.

These emails don’t tell us anything conclusive about how good or bad Theranos’ tests are, and could simply highlight the questions that come up in any regulatory process.

But they do provide evidence that Theranos has pursued work with the US military, something that has only been hinted at in the past. (Holmes “would not discuss the company’s arrangements” with the military, Ken Auletta wrote in the New Yorker in 2014.) They also help demonstrate that there are deep connections between Theranos and certain high level political and military officials — and that Holmes is willing to make use of them.

We’ve reached out to Theranos for comment and will update this story if we hear back.

Check out the Washington Post’s full report here.

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#UK The Latest: Britain changes the way it refers to IS

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British Prime Minister David Cameron, standing centre left, talks to lawmakers inside the House of Commons in London during a debate on launching airstrikes against Islamic State extremists inside Syria, Wednesday, Dec. 2, 2015. The parliamentary vote is expected Wednesday evening.  Opposition Labour Party leader, Jeremy Corbyn, looks at papers sitting centre right opposite Cameron, who opposes any expansion of Britain's military role. (Parliamentary Recording Unit via AP Video) TV OUT - NO ARCHIVE

LONDON (AP) — The latest developments regarding the fight against the Islamic State group in Syria and Iraq: All times local:

3:50 p.m.

British Prime Minister David Cameron says the British government is changing the way it refers to the Islamic State militant group, following the United States in calling it Daesh.

Britain had previously used the acronym ISIL — Islamic State of Iraq and the Levant.

Cameron told lawmakers in the House of Commons that he was making the change “because frankly this evil death cult is neither a true representation of Islam nor is it a state.”

Cameron was kicking off an all-day debate about whether Britain should extend airstrikes against IS from Iraq into Syria.

Daesh is an Arabic acronym for the group’s name that also carries negative associations. The Twitter account U.K. Against ISIL — now rebranded U.K. Against Daesh — said the term is hated by the militants because it sound similar to Arabic words meaning “trample” and “one who sows discord.”

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3:30 p.m.

The U.S.-led coalition has been pounding Islamic State group targets near the militant-held Iraqi city of Ramadi. Iraqi forces have encircled Ramadi and this week asked the city’s civilian residents to leave — a sign that a major operation could be imminent.

The coalition says its aircraft conducted 15 airstrikes in Iraq on Wednesday, nine of them on IS targets near Ramadi, including fighting positions, vehicles, weapons and buildings. Also hit were IS group units and vehicles in Iraq’s north, outside the recently liberated town of Sinjar.

In Baghdad, coalition spokesman Col. Steve Warren says the strikes are in support of Iraqi operations to liberate Ramadi.

He says that “with the support of coalition air power, Iraqi forces recently seized the Palestine bridge, which completed the isolation of the city.”

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2 p.m.

The top NATO commander in Europe, U.S. Air Force Gen. Philip Breedlove, says the bulk of Russia’s air operations in Syria are still directed against moderate opposition forces that oppose President Bashar Assad.

He said there’s been some shift in Russian tactics lately but the “vast majority of their sorties” are targeting moderate groups, not Islamic State extremists.

Breedlove said Wednesday that coalition forces “are not working with or cooperating with Russia in Syria” but have devised safety rules with Russia.

He says “we have established a safety regime — a series of tactics, techniques and procedures — by which the two groups, the coalition forces and the Russian forces, communicate and try to maintain safety.”

He says the coalition “is focused almost entirely” on fighting Islamic State extremists.

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1:50 p.m.

France’s finance minister is calling for tougher rules on imports of art works as part of efforts to dry up financing for the Islamic State group.

Minister Michel Sapin says Wednesday “we perhaps don’t speak enough of financing … by the sale of works of art” of the group. He said that trafficking of art looted by IS isn’t as big a source of money for the extremists as oil, but it is “one element.” He says ultimately it is “people in our developed countries” who buy the looted art, sometimes without knowing.

He said many countries control exports of art works, but there needs to be harmonized rules in Europe and beyond on imports too.

German counterpart Wolfgang Schaeuble said money-laundering rules should also be expanded to cover art.

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12:45 p.m.

Russia’s deputy defense minister says the Turkish president and his family are benefiting from illegal oil trade with Islamic State militants.

Minister Anatoly Antonov told reporters on Wednesday that Moscow has evidence showing that Turkish President Recep Tayyip Erdogan and his family are involved in the oil trade with IS and personally benefit from it.

Antonov and his colleagues at the defense ministry’s headquarters showed foreign defense attaches based in Moscow some satellite images purporting to show IS transporting oil to Turkey.

Erdogan has said he would resign if the accusations against him are proven.

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12:25 p.m.

Prime Minister David Cameron has opened a critical debate on whether Britain will take part in airstrikes in Syria, insisting that Britain could make a real difference in the fight against Islamic State militants.

But Cameron struggled to get through his opening remarks Wednesday as outraged opposition Labour Party lawmakers demanded he retract remarks at a closed-door meeting Tuesday in which Cameron branded opponents of the measure a “bunch of terrorist sympathizers.”

Lawmakers demanded an apology as the 10½ hour debate got underway, arguing the comment showed a lack of respect to those who disagreed with his policy.

Foreign Secretary Philip Hammond defended Cameron before the debate started, saying the comments weren’t aimed at long-time opponents of war such as Labour leader Jeremy Corbyn. Hammond says Corbyn’s views were “obviously sincerely held.”

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12:20 p.m.

Secretary of State John Kerry has lauded British Prime Minister David Cameron’s decision to go to parliament and seek approval for British strikes against IS in Syria.

Speaking at NATO headquarters, Kerry says “this is a very important step. We applaud his leadership.” The US envoy urged the British parliament to approve the request.

The British vote would authorize the Royal Air Force to launch air strikes against suspected IS positions inside Syria, allowing it to take a more active role in the U.S.-led coalition seeking to weaken the militants held responsible for attacks in Paris, Beirut, Egypt and elsewhere.

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11:55 p.m.

Authorities in Russia’s predominantly Muslim republic of Chechnya have organized classes to stave off Islamic State recruitment.

Thousands of Russian Muslim have joined IS in Syria, and some have taken senior positions. Local students in Chechnya say many of their peers are tempted to go to Syria because they believe in a true Islamic state there.

Islamic militancy has engulfed Russia’s North Caucasus region, the republic of Dagestan in particular, following two separatist wars in neighboring Chechnya. While nearly 1,000 people are believed to have left Dagestan for Syria, the number of Chechen recruits is far lower.

Chechnya’s authoritarian leader Ramzan Kadyrov said last month that less than 500 Chechens are believed to have joined IS and about 200 of them have been killed. Kadyrov has even offered to send thousands of Chechen fighters to fight IS.

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11:15 a.m.

The European Union is trying to close legal loopholes that allow people to travel to Syria or Iraq as foreign fighters and then launch attacks like those in Paris last month when they return home.

Around 5,000 so-called foreign fighters are thought to be in the EU or come from it, but only about 1,500 are listed on Europe’s criminal databases. The EU’s executive Commission unveiled proposals on Wednesday that would criminalize attempts to recruit or train people for extremist activities.

New measures would target those who travel within the 28-nation EU or abroad to work with extremists like the Islamic State group. Others would attempt to choke off access to funds and assets.

The proposals must still be debated and adopted by EU member countries and the European Parliament.

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11.05 a.m.

Belgian police have raided five more houses in the Brussels area early Wednesday and detained two people for questioning regarding the Paris attacks that left 130 people dead last month.

The raids targeted people who could have a link to Mohamed Abrini, who was seen driving with Paris fugitive Salah Abdeslam two days ahead of the Nov. 13 Paris attacks, and Ahmed Dahmani, who is detained in Turkey.

None of Wednesday’s detainees have been charged.

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