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Bloomberg Businessweek

Bloomberg Businessweek 2/6/2017

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
Bloomberg Finance LP
50 Issues

in this issue

2 min
innovation laundroid

Innovator Shin Sakane “A ton of team members quit, saying it’s impossible or I’m crazy. But the ones who remained came up with some truly brilliant ideas.” Age 45 Title Chief executive officer of Seven Dreamers Laboratories, a six-year-old startup in Tokyo Form and function A fridge-size robot that, given enough time, sorts, folds, and neatly arranges clothes, even storing them while their owners are away or otherwise occupied. Later models, the developers say, will be able to do the washing and drying, too. 1. Scanning Users dump clothes in a lower drawer in the robot. Mechanical arms grab each item while scanners identify them based on distinguishing features such as buttons or collars. 2. Folding Sliding plates help fold the clothes and stack them on upper shelves. Each item takes a full 10 minutes to fold.…

6 min
uber’s campsites

In the 1970s the Safeway grocery store in San Francisco’s gleaming Marina neighborhood, known as the Social Safeway, was a cornerstone of the pre-Tinder dating scene. Forty years later, Uber driver German Tugas got to know it for another reason: Its parking lot was a safe spot to sleep in his car. Most weeks, Tugas drives more than 70 hours in San Francisco, where the work is steadier and the fares are higher than in Sacramento, where he lives. So every Monday at 4 a.m., the 42-year-old says goodbye to his wife and four daughters, drives 90 miles south, and ferries passengers until he earns $300 or gets too tired to continue. On a typical day, he nets $230 after expenses such as gas. He doesn’t return home until Friday, so…

1 min
breakdown lgbt suppliers

Over the rainbow As U.S. companies look for gay vendors, more suppliers are seeking LGBTownership certification from the National Gay & Lesbian Chamber of Commerce (NGLC). 1 Certified ▶ Program started in 2004. ▶ .Companies must have 51 percent ownership and control by vendors who are lesbian, gay, bisexual, or transgender to qualify. ▶ The number of certified businesses has tripled since 2012, topping 900 last year. Their average annual revenue was about 2 Courted ▶ The NGLC has more than 100 corporate partners—including Apple, Northrop Grumman, and Warner Bros.—that help certified businesses. ▶ Starting this year, corporations must begin adding LGBT vendors to their diversity purchasing programs to maintain a perfect score on the Human Rights Campaign Corporate Equality Index. Changed times Only a decade ago, some LGBT-owned companies avoided being classified as such because of a…

1 min
heather flow

What’s your job? I run an art advisory firm. We work with private individuals to help them maintain and build their collections, mostly with contemporary and younger artists. How do you stay current? We talk with curators, artists, and dealers, and see as many exhibitions as possible. How did you find that necklace? I’m friends with the jeweler. I worked with her and her husband on their art collection. Her jewelry is maybe all I wear. It’s sustainable and conflict-free. Why did you choose that top? It’s feminine in the just-right way. It’s not too girly and not so minimal that it fades into the background. It helps me from coming across as too serious. Do you always wear it with those pants? Not always. They’re so hot, I can’t deal with them in the summer. The color is so…

6 min
trump vs. the rule of law

In October 2016, Anthony Scaramucci compared the U.S. Department of Labor’s fiduciary rule to Dred Scott v. Sandford, the 1857 U.S. Supreme Court decision protecting slavery and ruling that blacks couldn’t be citizens. “The left-leaning Department of Labor has made a decision to discriminate against a class of people who they deem to be adding no value,” said Scaramucci, a fund-of-funds marketer who was also an adviser and public supporter of Donald Trump’s campaign. And he said that, if elected, Trump would repeal the fiduciary rule. Many listened to Trump and cheerily assumed he’d do something completely different Trump, however, never said that during his campaign. Instead, he promised to ban Muslims from entering the U.S. Scaramucci tried not to think about this: “I’ll make a prediction right now that he will…

3 min
the roots of our rage

REJECTING THE “WHY DO THEY HATE US?” FRAMEWORK Oklahoma City bomber Timothy McVeigh and World Trade Center bomber Ramzi Yousef became friends in the late 1990s, when the men were held in nearby cells at the federal supermax prison, outside Florence, Colo. After McVeigh was executed in 2001, Yousef said he’d never known “anyone in my life who has so similar a personality to my own as his.” The kinship of two terrorists, born into seemingly opposed worlds but drawn toward the same ends, illustrates the theme of Pankaj Mishra’s Age of Anger: A History of the Present ($27, Farrar Straus Giroux). Mishra, an Indian-born cultural critic, rejects the “Why do they hate us?” framework that divides the world between a retrograde Islam and a progressive West. The real divide, he argues,…