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Bloomberg Businessweek

Bloomberg Businessweek 6/12/2017

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.

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

in deze editie

7 min.
smiles aren’t factory-made

During a phone call shortly after the November election, Apple Inc.’s chief executive officer, Tim Cook, got an earful from Donald Trump on the president-elect’s pet economic subject: factories. He prodded Cook to manufacture his iPhones and other gear at home rather than outsource them to China. “One of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants,” Trump said he told Cook. That sums up the economic vision of the Trump administration. The president and his advisers are convinced more factories can cure the trade deficits, lackluster growth, and (supposed) joblessness plaguing the U.S. economy. Trump has vowed to lure back plants that departed for cheaper locales such as China or…

2 min.
how to avoid the 2020 census fiasco

Ever since the U.S. conducted its first decennial census in 1790, an accurate count of the nation’s population has been a vital responsibility of the federal government. The Constitution requires it, and the government can’t work properly without it. That the census of 2020 is shaping up to be a fiasco is no small matter. The troubles at the U.S. Census Bureau aren’t new. Nonetheless it falls to President Donald Trump to fix the problem—and to do this, he’ll need to move quickly. More is at stake than you’d think. Census data shape how states and regions are represented in Congress and where the federal government puts infrastructure and public services. Private enterprise relies on the same numbers. Which towns and neighborhoods will get a Walmart or a Whole Foods? It depends…

1 min.
time to shine a light on trump’s swamp

The notion that Donald Trump would “drain the swamp” was always suspect. The then-candidate himself confessed to second thoughts about his pledge shortly after making it. Still, the speed and extent of his abandonment are stunning. Not only did he hire people with real or potential conflicts of interest, he at first refused to divulge how many or to whom ethics waivers were granted. Only as May ended did the administration begin naming those who have been granted permission not to comply with ethics rules, allowing them to work on policies that could affect their own financial interests. Over the past four months, the White House has issued waivers allowing at least 16 staff members to work on policy matters they dealt with as lobbyists, or to interact with former private-sector colleagues.…

3 min.
movers

Ups • Cher: The Musical is slated for Broadway next year. The singer confirmed the news via Twitter. • Kansas lawmakers rolled back much of Governor Sam Brownback’s 2012 tax cut package, voting to add another tax bracket for high earners and end some income tax exemptions. The state expects an additional $600 million in revenue from the changes. • The Trump Organization said it would launch a budget hotel chain named American Idea, inspired by the accommodations his campaign found in the race for the White House. • NASA named 12 new astronauts, capping an 18-month search. A record 18,300 people applied. • Harvard’s $35.7b endowment is hustling to sell 5,500 New Zealand dairy cows. While the cows were profitable, the university is overhauling the way it manages money. • Pinterest raised $150 million in venture capital…

5 min.
the red tide sweeping the caribbean

As supplies of crude from its old ally Venezuela dwindled last year, Cuba began turning out the lights in government offices and shuttering oil refineries. Then Havana turned to another old friend for help: Russia. In early May the Kremlin sent a tanker full of fuel across the Atlantic as part of a deal to keep the communist island running for three months. It was the first such shipment Cuba had received in years from its former benefactor, but it wasn’t the only sign Russia has returned to the Caribbean Basin, a region it had all but abandoned after the Cold War. Moscow is building a satellite-tracking station in Managua and considering reopening Soviet-era military bases in the region, as well as expanding economic ties and doling out aid in…

5 min.
school choice, beijing edition

On an afternoon in late May, two Beijing parents, each with a 6-year-old son, are plotting out strategies at an upscale teahouse in the Chinese capital. Ding Zhe, 37, works as a manager at a state-owned machine tool and pharmaceutical conglomerate; Tina Qi, 41, is an auditor at Deloitte. The two are trading tips on a stressful rite for China’s new elite: getting one’s kids into one of the country’s ultra-competitive public primary schools. Ding and Qi each assembled documents for the initial online application, including copies of their sons’ birth certificates (a child must be at least 6 on Sept. 1 to enter first grade), the family household residency permit, and crucially, a certificate of title showing they own an apartment in their desired school districts. They’re closely monitoring popular…