• Tips on working from home in your cramped apartment with someone you love Link
    Businessweek Tue 04 Aug 2020 14:42

    Absence, it’s said, makes the heart grow fonder. But lockdowns, we’re discovering, risk having the opposite effect. After endless months of being uprooted from our office routine with no business trips or weekend getaways to look forward to, it’s normal to feel claustrophobic, says marriage counselor David Wilchfort.

  • Banks reported record-breaking second quarters. The catalyst: a deadly global pandemic Link
    Businessweek Tue 04 Aug 2020 14:37

    A bunch of Wall Street executives got together for dinner a decade ago while the U.S. economy was in tatters. Their industry, fresh off a bailout, was printing big profits again—and Americans were seething. Congress wanted hearings.

  • This is how Ben & Jerry's perfected the delicate recipe for corporate activism Link
    Businessweek Tue 04 Aug 2020 14:17

    Anuradha Mittal was about to step out of her home in Oakland, Calif., on the last Friday of May, but first she had one last email to send. She was on her way to one of the demonstrations that had broken out around the world five days after the killing of George Floyd in Minneapolis. Like

  • Juul made changes to the world's best-selling e-cigarette that might draw unwelcome attention from the FDA Link
    Businessweek Tue 04 Aug 2020 13:12
    Juul Labs Inc. introduced in the spring of 2015 was known internally by an eccentric code name: Splinter, after a rodent martial-arts master in the comic Teenage Mutant Ninja Turtles. Splinter, about the size of a thumb drive, got off to an undeniably splashy start. It appeared on billboards in Times Square. Influencers flashed it on Instagram. Wired magazine ran a
  • Did a tiny firm above a London pub help cause the biggest oil crash in history while hitting the jackpot? Link
    Businessweek Tue 04 Aug 2020 13:07

    But for a small group of veteran traders at a tiny London firm called Vega Capital London Ltd., the mystery mattered less than the results: They pocketed as much as $500 million that day, according to people familiar with the matter, who spoke to Bloomberg Businessweek on condition of anonymity.

  • Killer Mike wants to save the few remaining Black-owned banks in America Link
    Businessweek Tue 04 Aug 2020 12:27
    Killer Mike, has been saying the same thing for years: America needs Black banks. But after George Floyd was killed by police in Minneapolis, Render is issuing another plea on behalf of the few Black-owned banks still standing. Once again, he’s urging fans to #BankBlack.

  • Space-age aerogels take center stage in Boucheron's latest jewelry Link
    Businessweek Tue 04 Aug 2020 12:22

    The mark of an artist, some say, is the ability to conjure something from nothing. Aerogel, an ultralight material NASA uses to both capture stardust like a sponge and insulate its Mars rover, is as close to nothing as something can be. Described as “solid smoke,” the Space Age material is at the heart of Boucheron’s

  • Google is letting its employees work from home for at least another year Link
    Businessweek Tue 04 Aug 2020 12:17
    Alphabet Inc.’s Google will let employees work from home until July 2021, once again pushing back the re-opening of its offices as the coronavirus continues to rage in many parts of the U.S.

  • “If Puerto Rico misses 100,000 people in 2020 they are gone for a decade” Link
    Businessweek Tue 04 Aug 2020 12:12

    Just how many people the island has lost in the last decade—driven away by a deep recession, political instability, and natural disasters—remains a matter of contention, particularly on Wall Street. The territory has been mired in court proceedings since 2017, when it sought to reduce nearly $125 billion in debt and pension liabilities by filing for municipal bankruptcy--the largest in U.S. history. As investors try to claw their money back, the question of how many taxpayers remain on the island to shoulder that burden has taken center stage.

  • A Tesla designer reengineers the chocolate chip Link
    Businessweek Tue 04 Aug 2020 12:07

    Remy Labesque has a compelling day job: He’s senior industrial designer at Tesla Inc. in Los Angeles. But for three years, he’s worked on a side project that’s enviable to people outside

  • Coronavirus will kick off a new era of architecture and design that’s safer, but more distant Link
    Businessweek Tue 04 Aug 2020 11:17

    Six feet. As Covid-19 has torn through the world, that distance has come to define daily life. Six feet is how far we stand from other shoppers or the space we try to maintain while catching up with a friend.

  • This startup wants to give gig economy workers more wealth and power Link
    Businessweek Tue 04 Aug 2020 11:17

    Online platforms like Uber Technologies Inc. do good by matching buyers (of car rides or whatever) with sellers (drivers, etc.). They reduce friction in commerce. But they charge a lot for their lubrication, scarfing up most of what economists call the consumer surplus. Here's how a guy named Gabriel Luna-Ostaseski puts it in his LinkedIn profile:"We’d hoped the gig economy would usher in a new era of autonomy and abundance, but the economics didn’t pan out. A few wealthy people became even wealthier, and the average worker is still scrambling to make a living."

  • Decades ago, a Pepsi marketing stunt promised Filipino soda drinkers a chance at a million pesos. But an error at a bottling plant led to 600,000 winners—and to lawsuits, rioting, and even deaths Link
    Businessweek Tue 04 Aug 2020 11:12
    Decades ago, a marketing stunt promised Philippine soda drinkers a chance at a million pesos. But an error at a bottling plant led to 600,000 winners—and to lawsuits, rioting, and even deaths.
  • Joe Biden, the former deficit hawk, wants to be Joe Biden, the big spender Link
    Businessweek Tue 04 Aug 2020 11:07

    Joe Biden, who’s spent decades warning about the dangers of budget deficits, will inherit one of the biggest in U.S. history if he becomes president—and he’ll be in no rush to pare it back.

  • The new rules of Covid etiquette: Be awkward but not rude Link
    Businessweek Tue 04 Aug 2020 11:02

    Social interactions were relatively easy to ignore during lockdown, but they’ve been thrust into the spotlight as people take vacations, form back-to-school plans, and contemplate reopened restaurants. It seems everyone has to make up their own rules of behavior.

  • To beat cybercriminals, this company used faxes, Post-its, and old PCs Link
    Businessweek Tue 04 Aug 2020 10:32
    Norsk Hydro ASA, a large aluminum manufacturer, started encrypting files and going offline en masse. It took two hours before a worker at its operations center in Hungary realized what was happening. He followed a scripted security procedure and took the company’s entire network offline—including its website, email system, payroll, and everything else. By then, 
  • A little-known prop firm in London had such a big windfall that regulators are probing its role in the crash Link
    Businessweek Tue 04 Aug 2020 10:27

    But for a small group of veteran traders at a tiny London firm called Vega Capital London Ltd., the mystery mattered less than the results: They pocketed as much as $500 million that day, according to people familiar with the matter, who spoke to Bloomberg Businessweek on condition of anonymity.

  • Harassment, sexism, and abuse: Inside Ubisoft’s sexual misconduct scandal Link
    Businessweek Tue 04 Aug 2020 10:02
    Ubisoft Entertainment SA in 1986 and since then the video game company has survived seven generations of game consoles, four recessions, a hostile takeover bid from France’s largest media conglomerate, and a global pandemic. Ubisoft is one of the world’s largest game publishers, the maker of blockbuster series such as Assassin’s Creed and Far Cry, and the Guillemot family still maintains effective control. Now they face a new crisis: allegations of widespread sexual misconduct at the company. The situation has shaken up the founders’ inner circle and raised major concerns about how the business was managed for well over a decade.

  • Harley-Davidson’s unlikely savior is a German environmentalist Link
    Businessweek Tue 04 Aug 2020 09:32

    Mention the name Harley-Davidson, and visions of high-handled bikes growling down endless, sun-streaked highways instantly come to mind. Whether it was the 1951-52 Panhead Chopper that Peter Fonda rode across the country in Easy Rider or the 1991 Fat Boy in Arnold Schwarzenegger’s nail-biting chase scene in Terminator 2: Judgment Day, the bikes have always been able to evoke a powerful feeling of American nostalgia and freedom.

  • Africa is starting to have second thoughts about that Chinese money Link
    Businessweek Tue 04 Aug 2020 09:02

    Dipak Patel can still recall the dizzying grandeur of his 2003 visit to Beijing’s cavernous Great Hall of the People: the rows of stern guards all the same height, the state dinner that included stewed shark fin and bird’s nest soup, and the People’s Liberation Army band playing songs from Patel’s native Zambia—even singing in one of the African country’s scores of dialects.

  • Attack on Titan, Japan’s biggest manga in a decade, is nearing its end. Publishers and streaming giants are looking for the next blockbuster Link
    Businessweek Tue 04 Aug 2020 08:32

    One day last July, Hajime Isayama spent a morning strolling through a chic modern art gallery on the 52nd floor of the Mori Tower, which looms over Tokyo’s upscale Roppongi neighborhood. The gallery walls, which have since been adorned with paintings by Jean-Michel Basquiat, were lined with original artwork from the manuscript pages for a bestselling manga, or comic book, Isayama’s Shingeki no Kyojin (Attack on Titan).

  • Hedge fund fees had already been shrinking before the pandemic ripped through markets. Are the glory days over? Link
    Businessweek Tue 04 Aug 2020 08:02

    Hedge-fund fees had already been shrinking before the pandemic ripped through global markets. Now, they’re in terminal decline.

    One of London’s fastest-growing hedge funds is enticing new investors by agreeing to forgo performance fees until returns hit a key threshold. In Hong Kong, a fund boss is offering to cover all losses, a concession that’s almost unheard of in this rarefied world. And famed investor Kyle Bass has told clients he’ll charge his usual 20% cut of profits only if he earns triple-digit returns in a new fund he has started.

    Long notorious for charging high fees, the $3 trillion industry runs portfolios that are generally open only to institutions and affluent individuals. It’s going to extraordinary lengths to attract new money as the coronavirus pandemic triggers losses and accelerates an investor exodus that has plagued the industry for years. Many of the world’s most prominent managers have come to the stark realization that they need to...

  • How the Wrangler, Bronco, and Land Rover Defender stack up Link
    Businessweek Tue 04 Aug 2020 07:32

    Price differential is relative when you start considering the myriad variants available for each model. You can upgrade to 35-inch rubber tires on the Sasquatch version of the Bronco or, on the Badlands version, opt for exclusive suspension with a hydraulic front sway-bar disconnect and 17-inch machine-face aluminum wheels. 

  • Companies are leaving Argentina en masse, and it’s not just the coronavirus pandemic’s fault Link
    Businessweek Tue 04 Aug 2020 07:02

    Powerful labor unions, volatile politics, price and currency controls, and other forms of state interventionism have long been features of doing business in the crisis-prone South American country. Now, faced with a third straight year of recession and a new antibusiness government, some foreign companies, from airlines to auto parts makers, are pulling up stakes.

  • Don't try to reinvent the wheel: Here's what your kids really need to learn during home-schooling Link
    Businessweek Tue 04 Aug 2020 06:31

    As the pandemic continues, so will home-schooling. Now that you’ve survived the first round, you may be wondering: Where should I focus my energies once the new school year starts so that I can hold down my day job?

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