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Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition 12/25/2017

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. 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
50 Issues

in this issue

1 min
the good business issue

Let’s be real: 2017 wasn’t great for the little guy. But despite everything, there are individuals and institutions that remain champions of the underdog, and we profile several of them here. Our annual issue devoted to positivity takes you into Ashley Stewart’s fitting rooms and along an Israeli-Palestinian assembly line. It streaks Purdue’s campus, pumps iron in Bollywood, and climbs the Sawtooths. And it offers dogs of all sizes hope for a happy new year. “What does a size 22 want?” “We’ve got to pass the pajama test” “There’s my favorite Palestinian!” “I created the six-pack” “He won’t let go of your ankle”…

17 min
how sodastream makes—and markets—peace

In early December, scattered violence erupted in Israel after President Trump announced that he would recognize Jerusalem as the nation’s capital, abandoning the U.S.’s long-standing neutrality on the city’s status. It wasn’t the orgy of bloodshed between Jews and Palestinians that some had expected, at least not yet. But the hostilities bode poorly for what Trump has described, vaguely, as a coming “ultimate deal” for all of the actors in a conflict that has lasted more than a century. The prospect of peaceful coexistence in the region seems as bleak as ever. Except perhaps in Rahat, a city of 62,000 in the rocky Negev desert. On a fall afternoon, Daniel Birnbaum steers a white Skoda sedan off the highway and up to a complex of four white buildings, one of which…

6 min
for drugmakers, charity no longer begins at home

Irene Adkins doesn’t know how she’s going to afford the drugs that keep her alive in 2018. The 59-year-old former building supervisor from Falls Church, Va., suffers from pulmonary hypertension, a rare lung disorder that can lead to fatal heart failure if left untreated. To keep the disease at bay she takes a few pills each day that, together, cost about $150,000 per year. While Adkins’s government-funded Medicare plan covers most of the cost, her out-of-pocket portion is about $10,000—a sum she can’t afford on her $1,600-a-month disability check. Like hundreds of thousands of Medicare patients who can’t afford the copays on astronomically priced drugs, Adkins has turned to help from a fast-growing corner of the convoluted U.S. health system: patient assistance charities, which are funded almost entirely by drugmaker contributions…

15 min
intro to mitchonomics

He’s wearing cargo pants, sneakers, a white Purdue golf shirt, and a black baseball hat emblazoned with degree in 3, a plug for the university’s new plan to let students shave a year off undergrad. It’s an hour before the Boilermakers’ first home football game, and the 68-year-old former two-term Indiana governor strides toward a concession stand. “Mitch!” says a man standing at a high-top table. Everyone at Purdue—students, parents, faculty, administrators, alumni, guys at high-top tables he’s never met—calls Daniels by his first name. The man praises him for freezing tuition through 2019. Daniels responds that current Purdue students will be among the first in more than 30 years to graduate without an increase. “That’s good, because we’re paying for two!” the man says. Soon there’s a crowd: a middle-aged alum…

2 min
the world still needs the wto

It’s hard these days to muster much interest in the World Trade Organization. Locked for years in rounds of negotiations leading nowhere, the body seems to have outlived its usefulness. Another big gathering of trade ministers ended in deadlock in Buenos Aires on Dec. 13. You might wonder: Why bother? The answer is that liberal trade, second only to capitalism, is the most powerful engine for economic prosperity the world has ever seen—and governments could use the WTO to advance living standards across the globe. Led by the U.S., that’s what they did in the decades after 1945. Without an international commitment to free trade, though, the institution is doomed to irrelevance. The core principle of the WTO and its predecessor, the General Agreement on Tariffs and Trade, is reciprocity. In simple…

13 min
‘success is not actually built by moving from hit to hit to hit. it’s the batting average that counts’

Bloomberg Businessweek Editor Megan Murphy about empathy, fixed mindsets, empowering women and minorities—and how life lessons help him run the company You follow Bill Gates and Steve Ballmer as the third chief executive officer of Microsoft Corp. How do you put your own personal stamp on it? What do you want your living legacy to be as a leader at a company that has had just two, but both of whom were larger than life? The best advice I got from both Steve and Bill was to not try and somehow get into this mold of trying to fill their shoes. It’s impossible. I’d grown up in the company they built admiring what they’d done, but at the same time they gave me enough confidence, quite frankly, to be my own person.…