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Bloomberg Businessweek 06/05/17
Bloomberg Businessweek
5 min read
Politics
Time for Going-Away Gifts?
Exiting the Paris accord would have grave consequences for the U.S.—and benefit other nations
Bloomberg Businessweek
2 min read
Politics
The TPP Should Go On Without the U.S.
It won’t be as big an achievement, but it will still deliver benefits to the remaining 11 nations
Bloomberg Businessweek
2 min read
Science
Social Media and The Weirdest Star
Sometime around 737 A.D., in the luminous constellation Cygnus, in the vicinity of a star known as KIC 8462852, something very strange happened. No one knows what. Here on Earth, 1,280 light years away, the mystery has only deepened. Every once in a
Bloomberg Businessweek
2 min read
Movers
Ups Canadian sushi maker Bento filed for an IPO in Toronto. The company employs about 1,400 sushi chefs. 700 In April, the average U.S. credit score reached that level for the first time in at least 12 years. Payment-processing giant First Data ag
Bloomberg Businessweek
5 min read
Entrepreneurship
On the Stump for Macron—in Florida
Eric Schine and Sandrine Rastello • A French expat’s quest to become an En Marche legislator • “There’s an Obama moment, a Kennedy moment, taking place” A few days after defeating Marine Le Pen in the French presidential election, Emmanuel Macron
Bloomberg Businessweek
2 min read
Is There a Better Way to Take Aim at Inflation?
Peter Coy • Targeting a price level may deliver better results • “Central banking is one of those areas ... where ideas matter” The Federal Reserve would never get a medal in archery. In the 63 months since the Fed publicly adopted a target of 2 p
Bloomberg Businessweek
3 min read
Politics
Laid-Off Indian IT Workers Blame Trump
Saritha Rai • The industry is shedding jobs at the fastest pace in three decades • “I reckon Cognizant alone has let go of 1,500 managers” Swapana Bhosale was stunned when she found out last month she was losing her job at tech-services provider C
Bloomberg Businessweek
3 min read
Politics
China’s Troubles Down on the Farm
Emma O’Brien and Borges Nhamire, with Shuping Niu, Jason Scott, and Yinan Zhao • The country’s agro investments in poor countries haven’t delivered • “They’ll be looking for the story and the brand” Inside a gated compound monitored by armed guard
Bloomberg Businessweek
5 min read
Politics
Welcome to The Neighborhood
Li Hui and Emma Dong • China’s developers use hospitals (and plastic surgery) as lures • Boosting “housing prices by adding value to the complex” It’s called “Asia’s top-notch plastic surgery hospital,” according to the promotional brochure for th
Bloomberg Businessweek
3 min read
India’s Movie Industry Gets a New Script
Siddharth Philip and Jacqueline Thorpe • A blockbuster challenges the dominance of Bollywood releases • “A great story … and great special effects can break all the myths” Bollywood movies have long hewed to a timeworn formula: They’re produced by
Bloomberg Businessweek
4 min read
Pop Culture
Two Latin Singers—and Justin Bieber—Hit No. 1
Lucas Shaw • Despacito shows how a song can cross audiences and borders • Labels are “knocking on my door for Latin artists to collaborate” In the music business, the so-called song of the summer is a release that gets so much airplay and streamin
Bloomberg Businessweek
5 min read
Politics
Rex’s Right-Hand Woman
Nick Wadhams • Rex Tillerson’s top aide, Margaret Peterlin, wields unprecedented power at State • “A chief of staff ought to be attuned to just basic things like the morale of the building” When President Donald Trump met Pope Francis at the Vatic
Bloomberg Businessweek
4 min read
Politics
Social Security Cuts Target Trump Voters
Joshua Green • Rural, white areas hit by trade rely most on federal disability benefits • It’s a myth that cuts will single out “people of color in urban areas” As a candidate, Donald Trump set himself apart from other Republicans by promising to
Bloomberg Businessweek
3 min read
Politics
The Fight for Syria’s Future Has Only Begun
Henry Meyer and Nafeesa Syeed, with Ilya Arkhipov • U.S., Russia, and Iran are entwined trying to smash Islamic State • It’s “the most complicated battle space anybody has ever known” Raqqa, the capital of Islamic State’s self-declared caliphate i
Bloomberg Businessweek
4 min read
Norway Ditches The ‘Fossil Car’
Matthew Campbell, with Sveinung Sleire • Cheap power and big subsidies have fueled an electric boom • “The majority of the market is about to shift to EVs” Since the 14th century, Akershus Fortress has protected Oslo from raids by bloodthirsty Swe
Bloomberg Businessweek
2 min read
Hardware Here Comes the Space Cleanup Crew
Justin Bachman Advances in computing software and carbon-fiber fuselages are helping engineers make some elements of space travel much easier, but at least one factor has become a bigger problem. An ever-growing pile of junk from 60 years of mission
Bloomberg Businessweek
3 min read
Society
A Spotlight on Harassment at Google
Ellen Huet and Mark Bergen • A grass-roots email list collects allegations of bigotry and abuse • “Employees don’t necessarily trust hotlines” A colleague opens a meeting by calling the woman in the adjacent conference room “some random bitch.” A
Bloomberg Businessweek
1 min read
Innovation Drone Fishing Buddy
Adam Popescu Form and function The PowerRay, a submersible drone attached to a fishing line, can take a lot of the guesswork out of fishing. The fish finder spots fish, relays their position to the user, and attracts them with a built-in light and
Bloomberg Businessweek
5 min read
I Can Haz Make You Money?
Dani Burger • How I built an ETF based on cats and made a paper fortune • “The No. 1 thing is that it lacks an economic foundation” I was rich. Right? I mean, that’s what the numbers on my computer showed. I’d just created a customized index of s
Bloomberg Businessweek
3 min read
Why the U.K.’s Whistles Remain Mostly Unblown
Liam Vaughan • Unlike the U.S., Britain has rejected payments for informants • “Year after year we’re receiving more high-quality tips” In April, Barclays Plc said its chief executive officer, Jes Staley, was under investigation for trying to unma
Bloomberg Businessweek
4 min read
The Rise And Fall Of A Trading Giant In Asia
Andy Hoffman • Noble Group rode a global boom. Debt and bad bets brought it low • “There was a huge play on China infrastructure” The profit warning landed at 10:37 p.m. Singapore time on a Tuesday in early May. It was the night before a holiday i
Bloomberg Businessweek
14 min read
How Does Tax Avoidance Play in Peoria?
The IRS is demanding $2 billion from Caterpillar. The Justice Department is weighing criminal charges. And the accountant who tipped off the feds stands to collect the biggest whistleblower award ever
Bloomberg Businessweek
14 min read
The Fog Lifts
Thirty years ago, London’s Isle of Dogs was a barren expanse of abandoned wharves and crumbling warehouses, never recovered from the wartime attentions of the Luftwaffe. Even the names of nearby boat basins were reminders of Britain’s lost empire and
Bloomberg Businessweek
6 min read
Food & Wine
Kick It With Your Colleagues
“Work party” might be the most oxymoronic phrase in the English language. Can you really host people at your home after spending all day reviewing PowerPoint presentations with them? Yes! The extended Etc. team did it recently (see previous page)—and
Bloomberg Businessweek
3 min read
Home Is Where The Percale Is
Ariel Kaye got into home décor while attending New York University, where she liked to zhoosh up her apartment with items such as bookshelves made of reclaimed wood. When she studied abroad in Florence, she practiced her Italian in the textile market
Bloomberg Businessweek
2 min read
Brow Wow Wow
As the skinny-brow trend of the 1990s gave way to today’s preferred bushy look, one thing became clear: Powders and pencils were an OK fix for over-plucked arches, but they weren’t a lasting—or efficient—solution. This may explain why beauty editors
Bloomberg Businessweek
3 min read
Science
Coming To Terms With Crispr
In A Crack in Creation, Jennifer Doudna wrestles with her role in inventing the controversial gene-editing tool.
Bloomberg Businessweek
1 min read
Hannah Paramore Breen
Interview by Jason Chen What does Paramore do? We create custom content, like smartphone apps, and help run digital media campaigns. I started the company about 15 years ago, and in November I sold it to the marketing communications agency Osborn B
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