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Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition 1/15/2018

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

7 min
investors are terrified of missing the market “melt-up”

Make no mistake, fear is running amok on Wall Street these days—fear of missing out. As the S&P 500 got off to its best start to a year since 1999 and the Dow Jones industrial average topped 25,000, it’s clear that fear of missing out—FOMO—has jumped to the top of the fear charts with a bullet. It’s risen above worries about North Korea’s “Rocket Man” and the unpredictable U.S. president who revels in provoking him. It’s blown past lingering concerns about the European Union coming apart at the seams. It’s even eclipsing the most popular talking point of fear merchants everywhere: marketwide valuations that in many cases are approaching the highest they’ve ever been. Is this such a bad thing? Maybe yes, probably no. Unlike other FOMO-driven rallies of the distant and…

2 min
a touch of class

“We’re on a mission to bring back glove culture,” says Niklas Magnusson, bespoke glove cutter at Hestra, a family company in Sweden founded in 1936. He’s in New York on a four-city North American tour to measure clients for custom orders and, while he’s at it, resize their ideas about how gloves can look and feel. Just as the hat, buffeted by the winds of social change in the mid-20th century, stopped being a full-brimmed sartorial statement, so the glove ceased to be anything more than a grudging, ugly defense against frostbite. “People tend to buy gloves that are designed for the coldest day they’re going to wear them,” Magnusson says. But in recent years, dapper men in temperate climes have revived the stylish glove. You can even see it in…

4 min
can india turn garbage into cash?

It’s 6:30 a.m. in the Indian city of Mysuru (formerly known as Mysore), and the streets are filled with the sound of whistles blowing as workers in olive-green aprons and rubber gloves begin a door-to-door search. They’ve come to collect one of the country’s biggest unexploited resources: garbage. The southern metropolis is in the vanguard of a campaign by Prime Minister Narendra Modi to clean up India and recycle rubbish into compost and electricity. The task is gargantuan, but the approach in Mysuru—which relies heavily on the involvement of civic groups and private companies—may provide a blueprint for how the country can build an economy around trash. “We don’t want waste to be waste. We want to get wealth out of it,” says D.G. Nagaraj, health officer of Mysuru City Corporation,…

5 min
colonoscopy? i’ll take a blood test

Nobody likes getting a colonoscopy. For the people who catch colon cancer early thanks to that bowel camera, the standard screening—every 5 to 10 years from age 50 to 75—proves invaluable. For the 993 people in 1,000 who don’t test positive following a colonoscopy, the pain (and for the uninsured, the expense) can be enough to make them skip the next one. People who’ve shirked their exams often number among the 50,000 Americans who die from colon cancer each year. “More noninvasive ways of screening are needed,” says Matthew Kalady, co-director of the colorectal cancer program at the Cleveland Clinic. “If you could pick up colon cancer early and noninvasively with a simple blood test, that would be just fantastic.” An Israeli health-tech company is trying to use machine learning software…

15 min
problem: america’s crummiest transit center could get worse solution: pray

TO GET TO NEW YORK’S PENN STATION, EVERY NORTH- bound Amtrak passenger makes the last leg of their journey, through tunnels beneath the Hudson River, in the dark. Trust me: They should be glad. One day this autumn, an Acela pulls into Newark, N.J., and a railway spokesman escorts me onto the rear engine car, where we stand and take in the view facing backward. As we descend into one of the Hudson tunnels—there are two, both 107 years old, finished in the same year the Wright brothers built their first airplane factory—a supervisor flips on the rear headlights, illuminating the ghastly tubes. Our train (unsurprisingly) is operating at reduced speed because of an electrical glitch, which just gives us more time to gawk at the damage. There are eerie, nearly…

3 min
devin nunes, comeback kid

Republican Representative Devin Nunes’s days as a power broker seemed to be over last spring. After an ill-advised maneuver where he secretly received intelligence reports from a White House aide, then returned to the White House to brief President Trump on his discovery, Nunes, chairman of the House Intelligence Committee, was forced to step back from leading the committee’s high-profile probe of Russian election interference. But Nunes never stopped investigating, he just changed targets. He’s used his subpoena power to scrutinize the origins of the FBI’s investigation into Trump and the conduct of the FBI and U.S. Department of Justice in their probe of Hillary Clinton, and he’s become central to GOP efforts to raise doubts about the Trump-Russia probe. Nunes, who served on Trump’s presidential transition team, doesn’t hide his…