Bloomberg Businessweek

Bloomberg Businessweek March 29, 2021

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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Bloomberg Finance LP
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2 min
in brief

Global coronavirus cases passed 124 million, and more than 2.7m people have died. About 469 million shots have been given, though the slow pace of vaccination and resurging infection rates in much of Europe have forced countries there to postpone reopening plans. ▷ 12 Turkish President Recep Tayyip Erdogan sacked his third central bank governor, Naci Agbal, in less than two years on March 20 after the bank sharply increased interest rates. Investors reacted by driving the lira down as much as 15%. The shootings of eight people in Atlanta on March 16, mostly Asian-American women, sent demonstrators into the streets of New York and other U.S. cities to demand an end to anti-Asian hate crimes, which have spiked during the pandemic. Leon Black is stepping down as CEO of Apollo Global Management…

3 min
where they're going, they'll need roads

When Covid-19 lockdowns closed the border between the U.S. and Canada to all nonessential traffic on March 18, 2020, they took the $10 million economy of Minnesota’s Northwest Angle (also known as Angle Township) with them. The result of an accident of history and a misunderstanding of geography, the Angle, the northernmost point in the Lower 48, is blocked off from the rest of Minnesota by the Lake of the Woods to the east and by Manitoba on its other sides. The Angle’s roughly 120 year-round residents rely mostly on revenue from tourists in search of prime ice fishing spots at the lake, so with tourism deemed nonessential, the community was desperate for a way to work around the border crossing, says Paul Colson, who owns and operates the lake-adjacent…

3 min
swapping links for logistics

Golf has enjoyed a minor renaissance in the U.S. during the pandemic—after all, it’s an outdoor sport, and it’s relatively easy to keep socially distant while playing. But it’s still not as hot as the warehouse boom. As investors hunt for industrial properties tethered to e-commerce, developers are buying golf courses and converting them into space for warehouses. A languishing course is often the largest tract of unbuilt land for miles around, and there are plenty of them. As the jump in golf’s popularity driven by Tiger Woods in the early 2000s fades, scores of courses are closing each year. “When Tiger came on the scene, everybody started building golf courses,” says Chris Gary, executive vice president at real estate firm NAI Hiffman, who built a golf facility in the Chicago…

3 min
the business case for creating covid-19 vaccine passports

Once people have been vaccinated against Covid-19, they’re safer to dine out, fly on airplanes, attend concerts and movies, work out at the gym, go to the office, and otherwise move about—as long as they wear masks around other people indoors, avoid large groups, and keep their distance. How can they demonstrate that they have this protection? By showing a “vaccine passport,” perhaps in the form of a smartphone app. The European Union, Israel, the U.K., and other governments are creating such digital documents, as are private organizations. President Biden is assessing whether the U.S. should have them. Yet vaccine passports have met resistance. Critics, including the World Health Organization, worry that they might exacerbate inequality, undermine privacy, or simply not work very well. These concerns ought to be addressed, but…

2 min
which meal kit is right for you?

Misipasta Missy Robbins’s pasta-centric Brooklyn restaurant, Misi, is a case study in the power of matching simple ingredients with impeccable technique. If you live in the New York area, you can order individual meals, like her mafaldini with pink peppercorns, and try to match her skill. From $45 Guy’s BBQ Trash Can Nachos Load all of the components—chips, Guy’s Super Melty Cheese, your choice of meat, beans—into the metal cylinder provided and voilà: a one-time teetering tower that the mayor of Flavortown might describe as a tornado on your tongue. From $69 Xi’an Famous Foods Stretch these slabs of noodle dough by hand into ribbons, all while slapping them on your table or countertop. (That smacking sound gives them their name: biang biang noodles.) Choose from singular, lip-tingling options—vegetarian, beef, pork, and cumin-spiced lamb. From…

1 min
a tasty stack

CHEFS’ FRIDGES In this inadvertently well-timed book, Carrie Solomon travels around North America and Europe and gets notable cooks—José Andrés, Christina Tosi, Daniel Boulud—to open their refrigerators and tell what incredible dishes they can produce from very random contents. $40 CHI SPACCA Spotlighting recipes from her popular meat-centric Los Angeles restaurant, Nancy Silverton’s latest is a gift to everyone who has missed eating a professionally cooked steak and wants to take matters into their own hands. There’s a wealth of info here for carnivores of all stripes. $35 THE FLAVOR EQUATION Author Nik Sharma has a background in molecular biology and treats cooking as a most gratifying science experiment. He leapfrogs from recipes that highlight tastes such as sweet and spicy to thoughts about how colors, shapes, and even sounds contribute to a dish’s appeal.…