Business & Finance
Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition May 20, 2019

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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50 Issues

In this issue

2 min.
in brief

● The trade war between the U.S. and China escalated. The Trump administration slapped higher duties on $200 billion of imports from China, which retaliated by raising duties on about $60 billion in U.S. goods, defying a call from Trump for restraint. The presidents of the world’s two largest economies are likely to meet at a G-20 summit at the end of June. ● A jury ordered Bayer to pay more than $2b in damages to a California couple who claimed they got cancer as a result of using the company’s Roundup weedkiller for three decades. Bayer vowed to challenge the ruling. ● Pro-choice activists protest at the Alabama State House in Montgomery as the state’s Senate approved the strictest anti-abortion bill in the U.S. ● Alice Rivlin, the first woman to lead the…

2 min.
trump’s recklessness

The U.S. and China inched closer to an outright trade war on May 13, when Beijing announced plans to raise duties on selected American imports. The announcement was pointedly timed, less than two hours after President Trump tweeted, “China should not retaliate—will only get worse!” At this rate, things might indeed get worse, a lot worse. That’s what makes Trump’s approach so unforgivably reckless. China plans to raise tariffs to as much as 25% on about $60 billion of U.S. goods, including small aircraft, computers, agricultural products, and liquefied natural gas. The measures are in response to the Trump administration’s announcement that tariffs of 10% recently applied to some $200 billion of Chinese goods would be increased to 25%. The U.S. is now threatening to retaliate against the retaliation. China is…

1 min.

▶ Shopping in the Time of Trade Wars This quarter’s earnings season wraps up with three retail heavyweights: Home Depot reports on May 21, followed the next day by Target and Lowe’s. With the trade war between the U.S. and China flaring up again, consumers are likely to feel the pain as tariffs raise the price of goods. ▶ The Federal Open Market Committee releases the minutes from the April 30-May 1 meeting, when the Fed decided to keep interest rates unchanged. ▶ European parliamentary elections take place on May 23-26. The U.K. is participating in the polls because Brexit was delayed by six months. ▶ Deutsche Bank’s annual general meeting on May 23 promises to be tumultuous after the failure of merger talks with Commerzbank last month. ▶ More than a half-dozen parents…

8 min.
india is running out of time

Tough elections are ugly and get uglier the longer they drag on. In India, so massive that the voting process has taken nearly six weeks, Prime Minister Narendra Modi’s ruling Bharatiya Janata Party has dispensed with the relative subtlety of dog whistles. It launched into polls last month blasting Modi’s political rivals as sympathizers of archrival Pakistan and vowing to boot supposed Muslim “infiltrators” out of the country. It continues to mock opposition leader Rahul Gandhi for standing in two constituencies—in one of which, it’s darkly noted, Hindus are a minority. One BJP candidate has been charged in a terror attack that killed six Muslims. Some Modi defenders will dismiss all this as political theater. They say reforms instituted by his government have benefited Indians regardless of creed: programs to build…

13 min.
federal law requires insurers to cover mental health and addiction treatment at the same level they cover medical and surgical care denied

The U.S. is in the midst of a mental health crisis. In 2017, 47,000 Americans died by suicide and 70,000 from drug overdoses. And 17.3 million adults suffered at least one major depressive episode. The Mental Health Parity and Addiction Equity Act, a landmark law passed more than a decade ago, requires insurers to provide comparable coverage for mental health and medical treatments. Even so, insurers are denying claims, limiting coverage, and finding other ways to avoid complying with the law. Americans are taking to the courts to address what they see as an intrinsic unfairness. DeeDee Tillitt joined one lawsuit in 2016, months after she lost her son Max. He’d been an inpatient for three weeks at a treatment center to recover from a heroin addiction and seemed to be…

1 min.
out of network, out of reach

People seeking treatment for behavioral health problems are far more likely to see clinicians who aren’t in their insurance network than people seeking medical treatment, according to research by Milliman. Percentage reporting difficulties finding a specific type of provider who accepts their insurance Barriers to finding a mental health provider encountered by people seeking therapists or psychiatrists Adults with mental health conditions and substance abuse conditions in 2017 Deaths per 100,000 people resulting from suicide and drug overdose DATA: U.S. GOVERNMENT ACCOUNTABILITY OFFICE, CENTERS FOR DISEASE CONTROL AND PREVENTION…