Everyone’s freaked out about China’s latest crackdown on crypto and the future of Evergrande Group, the beleaguered Chinese property developer trying to stave off default. Beijing has a dilemma—a bailout would condone reckless borrowing but allowing such a giant to founder could stir national discontent. Here’s why investors across the globe are so scared, but John Authers writes in Bloomberg Opinion that China isn’t spiraling toward another Lehman-style financial crisis. But others aren’t so sure. U.S. banks seem to have dodged a bullet in this particular disaster for now. Bridgewater founder Ray Dalio calls the situation manageable.

Kermit the Frog had it wrong—it’s easy being Green. At least that’s according to U.K. Prime Minister Boris Johnson, who also told leaders gathered for the United Nations General Assembly that when it comes to the climate crisis, humanity needs to grow up. President Joe Biden pledged the U.S. would double funding to developing nations to fight global warming. But these interactive maps suggest it may all be coming too late.

This map shows how many nights above 20°C (68°F) the Middle East, northern Africa, southern and western Asia, and Europe may see in 2.5°C of global warming.

Pregnant women pass on high levels of Covid-19 antibodies to their babies, a finding that could help overcome vaccine hesitancy in a U.S. cohort with only a 30% inoculation rate. Meanwhile, the debate  rumbles on over whether widespread booster shots are necessary.

The dream of owning a home anywhere in the world is increasingly out of reach, with democratic and authoritarian governments alike struggling with the fallout. Another global fiasco that badly needs fixing: the cost and availability of child care.

A housing protest in Dublin in September. Ireland still bears the scars of a crash triggered by a housing bubble.

Photographer: Brian Lawless - PA Images/PA Images

Bah Humbug! The most popular toys this holiday season may sell out by November’s traditional Black Friday maelstrom in the U.S., thanks to global supply-chain hangups. A lack of workers in China and bottlenecks getting containers onto ships are contributing to shortfalls.

Plant-based pork fried rice anyone? A meatless pork product is coming to a restaurant near you in the U.S., Singapore and Hong Kong. If entertaining at home, the charcuterie board seems to have moved on from saucisson sec and camembert to nachos, candy, and even doggy snacks. The big question for the Big Apple’s post-coronavirus restaurant landscape: Will outdoor street dining stay?

• The U.S. government’s funding deadline may get an extension.
• Fed Chair Powell, Treasury Secretary Yellen testify to Congress.
• Germany is about to bid farewell to its first female chancellor.
• In Japan, two women are in contention to become prime minister.
• Google will challenge the European Union’s record antitrust fine.

The Dark Side of the Skin Lightening Industry 

The Black Lives Matter protests put a spotlight on marketing pitches and consumer products with bigoted legacies. But across Asia, abandoning the whiter-is-better marketing pitch hasn’t been as straightforward, Bloomberg Businessweek reports. From Japan to India to the Philippines, pharmacies and cosmetics counters peddle all sorts of body moisturizers, face creams and serums that promise to lighten skin, playing off the racist belief that a light complexion denotes status.

Some whitening products in Asia, in new and old packaging.

Photographer: Dhiraj Singh/Bloomberg

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