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Bloomberg Businessweek

Bloomberg Businessweek 8/14/2017

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

in deze editie

3 min.
in brief

Asia ● Wolf Warriors 2, a patriotic action movie, set a box-office record in China, blowing past The Fate of the Furious and other Hollywood hits. By Aug. 7 it had reached $506 million in ticket sales. ● A corruption probe against Israeli Prime Minister Benjamin Netanyahu intensified as investigators began working with his former chief of staff, Ari Harow. The probe has also ensnared Netanyahu’s wife, Sara, who faces indictment for misuse of public funds. Netanyahu has called the investigation a witch hunt. ● WeWork said it would raise $500m to expand its co-working office empire to South Korea and Southeast Asia. • “They will be met with fire, fury, and frankly power the likes of which this world has never seen before.” President Trump issued a blunt warning to North Korea hours after the…

6 min.
how to manage the sprawl

In northern Colombia, in the unsettled outskirts of the city of Valledupar, stand parallel rows of newly planted cañaguate trees, the kind you expect to see lining an important road. Except there are no roads in sight, just the young trees. They’re leafy evidence of an urban-planning initiative that’s all too rare. With foresight, Valledupar is acquiring rights of way to build roads that it will need as it expands. The trees, which produce profuse yellow flowers in the dry season, are essentially watch-this-space advertising. It’s cheaper and easier to stake out the roads’ routes now than it will be after the sprawl occurs. The takeaway from Valledupar is that good government matters. There are those in the rich West who romanticize the crowded, chaotic slums of megacities such as Dhaka, Lagos,…

2 min.
the scandalous plight of a greek whistleblower

The statistician who exposed the true extent of Greece’s fiscal collapse must think that doing the right thing was the worst decision he ever made. Andreas Georgiou has been vilified at home and charged with multiple violations of the country’s civil and criminal law. A Greek appeals court has just upheld his conviction for a minor procedural offense, giving him a suspended sentence, and with more serious charges still pending, his protracted legal ordeal isn’t over. This officially sanctioned persecution is disgraceful and ought to stop. The European Union has criticized the Greek authorities for their actions in the case, but to no great effect. That needs to change. Georgiou was recruited in 2010 from the International Monetary Fund to clean up Greece’s public accounts. For years, Greek politicians had leaned on…

8 min.
will bosch choke on vw’s exhaust?

There’s a saying in Stuttgart, where Robert Bosch GmbH was founded in 1886: “Halt dei Gosch, i schaff beim Bosch.” It’s a dismissive retort—roughly “Shut up, I’m the one working for Bosch”—suggestive of the company’s culture of engineering brilliance, which has made it an icon of German industry. The world’s largest automotive supplier, with revenue of €73 billion ($86 billion) last year, Bosch is largely responsible for the development of everything from fuel injection and antilock brakes to onboard navigation systems and so-called clean diesel technology. That prowess has convinced management that the company can transform itself into a broader global technology giant in line with the Googles of the world. Bosch poured €6.95 billion into research and development in 2016 in an effort to expand its focus to the internet…

5 min.
guess who’s ghostwriting monsanto’s safety reviews

Monsanto Co. started an agricultural revolution with its “Roundup Ready” seeds, genetically modified to resist the effects of its blockbuster herbicide called Roundup. That ability to kill weeds while leaving desirable crops intact helped the company turn Roundup’s active ingredient, the chemical glyphosate, into one of the world’s most-used crop chemicals. When that heavy use raised health concerns, Monsanto noted that the herbicide’s safety had repeatedly been vetted by outsiders. But now there’s new evidence that Monsanto’s claims of rigorous scientific review are suspect. Dozens of internal Monsanto emails, released on Aug. 1 by plaintiffs’ lawyers who are suing the company, reveal how Monsanto worked with an outside consulting firm to induce the scientific journal Critical Reviews in Toxicology to publish a purported “independent” review of Roundup’s health effects that appears…

4 min.
why european soccer is coming to america

In 1937 a cash-strapped Spanish soccer team came to the U.S. in an effort to stay afloat during the brutal civil war back home. On what is now known as the “salvation tour,” the club spent three months in North America, playing exhibitions that saved the team from bankruptcy. Eight decades later, FC Barcelona is returning to the U.S.in much better shape. The team is one of the most valuable sports franchises in the world, home to superstar Lionel Messi. Its American expansion is critical for Barcelona’s plans to reach €1 billion ($1.17 billion) in revenue by 2021, a 51 percent jump from its €655 million revenue in fiscal 2017. On July 29 the club beat Spanish rival Real Madrid 3-2 in a highly anticipated showdown in Miami that drew 66,014…