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Bloomberg Businessweek

Bloomberg Businessweek 1/30/2017

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. Get the digital magazine subscription today and draw upon Businessweek's timely incisive analysis to help you make better decisions about your career, your business, and your personal investments.

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United States
Taal:
English
Uitgever:
Bloomberg Finance LP
Verschijningsfrequentie:
Weekly
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50 Edities

in deze editie

6 min.
trump’s uncertainty principle

“What somebody’s saying is not necessarily what they’re going to do” During Barack Obama’s two terms in the White House, business executives complained that uncertainty about government policy was messing up their decision-making. “Operating a business under conditions of excessive uncertainty is like playing a game when you don’t know the rules. Without rules, it is impossible to develop a strategy or playbook,” then-Federal Reserve Bank of Dallas President Richard Fisher said in a 2010 speech that was cited approvingly by the Business Roundtable, a lobbying group for large corporations. Now that Mister Unpredictable is president, you’d think executives would be more concerned than ever. Donald Trump is personalizing and improvising economic policy, which is contrary to executives’ preference for clear, consistent rules of the road. No one knows which American company…

3 min.
“economic openness serves everyone better”

This is a testing time. Almost a decade on, the world is still reeling from the fallout of the global financial crisis. China faces its fair share of challenges, but we choose to confront them head on. Above all, we remain convinced that economic openness serves everyone better, at home and abroad. The world is a community of shared destiny. It’s far preferable for countries to trade goods and services and bond through investment partnerships than to trade barbs and build barriers. Should differences arise, it behooves us all to discuss them with respect and a keen sense of equality. China stands resolute with the World Trade Organization and multilateral free-trade agreements designed to be inclusive. Economic globalization has enabled the creation and sharing of wealth on an unprecedented scale. There are problems,…

2 min.
the great cities of britain can’t breathe

The worst air pollution is generally found in Beijing, Delhi, and other metropolises of the developing world, where headlong growth stirs up construction dust and energy providers still burn a lot of coal. But the air in London is dangerously polluted, too, with concentrations of nitrogen dioxide in some parts of the city measuring among the highest in the world. The foul air around the U.K.’s capital and other cities is a testament to the polluting power of buses, cars, and trucks—and the need for governments everywhere to keep these vehicles operating within limits. In 2014, London’s major shopping thoroughfare, Oxford Street, was by one measure the most polluted street on earth; by Jan. 5 of this year, parts of London had already exceeded pollution limits for all of 2017. In…

1 min.
tom price’s delayed ethical epiphany

Representative Tom Price, Donald Trump’s nominee for secretary of health and human services, seems to understand the need to separate public service from private gain. To avoid conflicts of interest, Price has said he will divest from several dozen companies in which he’s a shareholder within 90 days of being confirmed by the Senate. All public servants should make such a robust and transparent commitment to high ethical standards. What’s curious is that Price has come to this realization so late in his public career. His nomination is embroiled in charges that he profited from his position in Congress. Last March, Price purchased shares in a medical device manufacturer; within days, he introduced a bill that would benefit the company, Zimmer Biomet, by easing regulation. Price has said his shares were…

3 min.
movers

Ups A women’s march in Washington and dozens of affiliated events around the world on Jan. 21 brought more than 3 million participants to the streets to protest the inauguration of President Trump and many of his proposals. Target introduced a sweeping policy requiring suppliers to list chemical ingredients in everything from cosmetics to cleaning supplies. Walmart embarked on a similar effort in July, banning eight chemical groups. Ajit Pai, a longtime Washington lawyer, was promoted from FCC commissioner to chairman. In December, Pai promised to “fire up the weed whacker” to cut telecom regulations. Sprint paid a reported $200 million for one-third of Tidal, Jay Z’s music-streaming service. The rapper originally bought the site for $56 million and arranged ownership stakes for more than 20 major artists, including Arcade Fire, Coldplay, Damian Marley,…

4 min.
nato makes it rain

Donald Trump is right when he says America’s allies in the North Atlantic Treaty Organization aren’t paying their fair share. Just 5 of the 28 member states have devoted 2 percent of gross domestic product to defense as stipulated in NATO’s guidelines: the U.S., the U.K., Greece, Poland, and Estonia. But, to the delight of the arms industry, the Europeans may be revising their views. Trump himself is the change-maker. Although not famous for his policy consistency, his positions on NATO have held fairly steady—leaving European leaders wondering whether they can still rely on the American security umbrella. “Let’s not fool ourselves,” German Chancellor Angela Merkel said on Jan. 12. “There is no infinite guarantee.” Germany and many other European nations are finally boosting military budgets. The plans have been around since…