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Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition September 23, 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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Bloomberg Finance LP
50 Issues

in this issue

2 min
in brief

● Israel faces political paralysis after the second general election this year ended in stalemate. Neither Prime Minister Benjamin Netanyahu nor his rival, former military chief Benny Gantz, managed to win the minimum 61 seats required to form a majority government, forcing both to attempt to form coalitions. ● General Motors suffered its first strike from the United Auto Workers in a dozen years, in a battle over jobs and benefits. The dispute may cost the U.S. carmaker about $50m a day in earnings before interest and tax, some analysts estimate. ▷ 44 ● Saudi Arabia displayed what it said was a misfired cruise missile used in a Sept. 14 attack against one of its huge refineries. Though Yemen’s Houthi rebels claimed the assault, the U.S. alleged that Iran was behind it. ▷…

2 min
living together

Estimated number of U.S. senior communities A 2018 Columbia University study found that healthy adults who reside in multigenerational housing live longer. And a Pew Research Center analysis last year found that Americans are increasingly residing multigenerationally—20% of Americans live in a home that includes adults from two or more generations, up from 12% in 1980. Developers have taken note. “Multigenerational housing is becoming more common, though it’s still essentially in a startup phase,” says Andrew Carle, adjunct faculty for Georgetown’s program in senior living administration. “It’s because baby boomers all want the same three things: active, intellectually stimulating, and intergenerational.” Three Models UNIVERSITY-BASED Mirabella at Arizona State UniversityTempe Scheduled to open in 2020 Residence in this 20-story glass tower comes with an ID card for class and library access, plus the chance to engage…

1 min
making worker bees work better

Beekeepers help pollinate about 70% of the world’s crops; they charge $435 million for their services each year in the U.S. One way farmers can increase their return on this huge investment is to hire better bees. Argentine startup Beeflow says it’s more than doubled the pollen-carrying capacity of its tiny workers by feeding them custom compounds. The nutrients enhance the bees’ immune systems to handle colder conditions and also increase their attraction to the particular flower the farmer wants them to pollinate—blueberries, raspberries, or all-important almonds, which account for 82% of pollination-services spending, according to the U.S. Department of Agriculture. The 2-year-old company tested its insect fuel this season in the fields of a major California almond farmer and on raspberry crops for Driscoll’s, America’s largest berry grower. On…

9 min
holding the world economy hostage

Sun Tzu, the author of the 2,500-year-old The Art of War, is overquoted, but even in ancient China he knew the value of asymmetrical warfare—how smaller forces, such as guerrillas or today’s drones, possess advantages over huge ones, like standing armies or zillion-dollar fighter jets. He also knew to provide a battered opponent an escape, advising the conquering side to “leave an outlet free. Do not press a desperate foe too hard.” Both of those lessons are on display in Iran. President Trump’s “maximum pressure” strategy has weakened Iran and hobbled its economy as intended. But it’s also made that country more dangerous, pushing it to strike back in unconventional and hard-to-counter ways, with its leaders rejecting a return to talks while their backs are up against the wall. Since Trump withdrew…

8 min
your new dinner party

Harry Parr has one of the most dynamic palates on the planet. Half of the London-based food consultants Bompas & Parr, he’s served plasma-cooked bacon, created clouds of vaporized gin and tonic, and dropped banana-flavored confetti in sync to New Year’s Eve fireworks. So it was notable that before he spoke at FoodHack, a conference in Gwangju, South Korea, in June, he made sure to swing by a tiny three-seat stall for a five-course meal called Aerobanquets RMX. “Meal” is perhaps too strong a word. It was five bites: starting with a mushroom tart with gochugaru (red chile powder) and finishing with a falooda-like dessert of cold corn starch noodles, basil seeds, strawberry ice cream, and rose syrup. Not that Parr knew. He was blinded by an Oculus virtual-reality headset that kept him…

6 min
a big u-turn on vaping

Something was buried in the press release the U.S. Food and Drug Administration put out on July 27, 2017. The agency was making an historic announcement: the initiation of “a multi-year roadmap to better protect kids and significantly reduce tobacco-related disease and death.” It quoted FDA then-Commissioner Scott Gottlieb: “Unless we change course, 5.6 million young people today will die prematurely later in life from tobacco use.” While focusing on combustible cigarettes that deliver nicotine via smoke particles, the FDA recognized that e-cigarettes needed regulation as well. In the seventh paragraph, it announced coming “revised timelines” that would require e-cigarette makers to apply for approval by Aug. 8, 2022—a long extension from the then-existing FDA deadline of August 2018. “The FDA expects that manufacturers would continue to market products while…