• Go see this collection of jewelry by Black designers, the first ever to be sold at Sotheby's Link
    Businessweek Thu 16 Sep 2021 15:36

    On Sept. 17, Sotheby’s premieres the first exhibition exclusively featuring Black jewelry designers, followed by a sale that runs in person and online until Oct. 10. The sale will be a watershed—and many would say long-overdue—moment for the industry, elevating 21 Black jewelry designers to a global stage for the first time. “Brilliant & Black: A Jewelry Renaissance” features 63 works, including both designers’ signature pieces and custom creations for the exhibition, that showcase their different styles and techniques.

    The exhibition is the brainchild of Black jewelry author, editor, and stylist Melanie Grant, who was galvanized by the Black Lives Matter movement to find a way to make a difference in the jewelry world. Grant has worked at The Economist and its sister publication 1843 for 15 years and authored the coffee-table book Coveted: Art and Innovation in High Jewelry (2020).

  • Ranking the most diverse business schools in the U.S. Where does your program compare? Link
    Businessweek Thu 16 Sep 2021 15:31

    Bloomberg Businessweek’s first Best B-School’s Diversity Index provides a window into the racial, ethnic, and gender makeup of U.S. MBA programs. Half the score is based on race and ethnicity, the other half on gender.

    The context within which we launch the Diversity Index is the historic national reckoning on race that was triggered by the killing of George Floyd. Our mission in rolling it out is to assess and rank B-Schools based on the degree to which they are addressing the institutional racism and discrimination that have excluded certain minority groups and women from U.S. MBA programs. Diversity details for each of the 84 schools in our U.S. ranking can be found here, and we provide a full explanation of the new index in our Methodology.

  • At $1,500 a night, Cheval Blanc Paris is the newest bauble from LVMH Link
    Businessweek Thu 16 Sep 2021 15:31

    Paris has no shortage of exquisite hotels—the $1,565-a-night Four Seasons George V, the contemporary Hôtel de Crillon, and Princess Diana’s favorite, the fairytale-like Ritz—but even in this rarefied air, few convey luxury quite like the new

  • After being dark for over a year, Broadway, ballet and the Metropolitan Opera are ready to welcome audiences—and their tourist dollars Link
    Businessweek Thu 16 Sep 2021 15:16

    When Broadway shut down in March 2020, the cast and crew of the musical Six dispersed, some returning to homes as far away as London, others hanging out in New York City and teaching classes over Zoom. Only the show’s set stayed in place, lit by a single ghost light in the Brooks Atkinson Theatre, a block from Times Square.

  • Maybe Walmart and Amazon are paving the way to a more prosperous future for America’s working class, writes @conorsen Link
    Businessweek Thu 16 Sep 2021 15:11

    The campaign against economic inequality has put a bullseye on cities. Local governments are encouraged to raise minimum wages, change their zoning laws and build more housing, particularly in affluent communities that are squeezing out the lower class.

    But what if you shifted that focus to a different kind of community? Consider these burgeoning new places strung along the interstate and other highways leading away from urban cores, populated by warehouses and fulfillment centers that are being built to serve the needs of e-commerce customers. Let’s call them “factory towns.”

  • So far this year companies have announced $11 billion in leisure-related takeovers in North America. Link
    Businessweek Thu 16 Sep 2021 14:36

    Interest in outdoor pastimes soared during the pandemic as health concerns forced a rethink of many indoor activities. That didn’t escape the attention of mergers-and-acquisitions bankers.

    It’s only September, but so far this year companies have announced $11 billion in leisure-related takeovers in North America. That’s the highest annual volume since 2006, when private equity firms gobbled up travel-services companies Travelport and Sabre Holdings in a pair of multibillion-dollar deals.

  • New York landlords are jacking up rents — often by 50, 60 or 70% — on tenants who locked in deals last year when prices were in freefall Link
    Businessweek Thu 16 Sep 2021 14:21

    The pandemic-era rental market in Manhattan gave people the chance of a lifetime to move into the apartment of their dreams. Ten months is all they got.

    Landlords are jacking up rents — often by 50, 60 or 70% — on tenants who locked in deals last year when

  • Did you know you could get paid to be a whistle-blower? The SEC just awarded $110 million to a tipster, the second-largest reward ever in the company's history Link
    Businessweek Thu 16 Sep 2021 14:16
    U.S. Securities and Exchange Commission awarded $110 million to a tipster whose information resulted in enforcement actions, bringing total payments under the agency’s whistle-blower program to more than $1 billion. 

    The tipster’s award, the second-largest ever, includes $40 million from the SEC and $70 million from a related action brought by another agency, according to a

  • What explains the divergence in rent prices between London and New York? Link
    Businessweek Thu 16 Sep 2021 14:11
    Bloomberg Vaccine Tracker) and have business districts returning to some degree of normalcy, despite delays because of the delta variant.

    And yet. We found out Wednesday that residential rental values in London fell at the sharpest annual pace in more than a decade in August. The dip “reflects a decrease in demand, partly because of the adaptation of remote working meaning that workers no longer need to be close to their offices,” according to the country’s the Office for National Statistics.

    Not so in New York City, where rents are approaching pre-pandemic levels. Some neighborhoods are now even more expensive than they were before. My colleagues just wrote a harrowing tale of renters who had scored deals during last year’s doldrums facing lease renewals that shocked them — increases of as much as 70%.

    Now, you could say (and many have!) that these renters should have known better than to expect rock-bottom prices to last forever. Some said they...

  • MBA programs aren’t enrolling enough Black and Hispanic students Link
    Businessweek Thu 16 Sep 2021 14:01

    Jaeden Powell says she was hesitant to share her opinion with co-workers at her first job at a New York investment bank. As a young Black woman, she wasn’t sure where she fit in. “There weren’t a lot of people who looked like me in the room,” Powell says.

    Now the 24-year-old is the first to occupy a spot aimed at students from underrepresented groups at

  • Even the rich think it will take a 'miracle' to retire. Link
    Businessweek Thu 16 Sep 2021 13:36
  • RT @rmc031: NEW: for @BW I wrote about publicly-financed elections, a longstanding goal advocates believe can stem corruption, empower the…
    Businessweek Thu 16 Sep 2021 13:31
  • These are the best business schools in Canada Link
    Businessweek Thu 16 Sep 2021 13:31
  • RT @luxury: Shopping for sports gear? This site helps you avoid a rookie mistake Link
    Businessweek Thu 16 Sep 2021 13:26
    Curated.com, an online gear retailer I logged on to so I could find a potential first set of clubs.

    “Hi Gordy!” he said. “I’m Blake, your designated golf expert (and a real human, I promise!)” All right, even though it sounds exactly like something an intelligent chatbot would say, this detail mattered to me: Blake’s expertise (and his humanity) was what most interested me about Curated.

  • We wanted flying cars. Instead we got targeted ads, more surveillance, insurrectionists, and Peter Thiel Link
    Businessweek Thu 16 Sep 2021 13:16

    The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys and advisers and, for a change, the heads of the largest technology companies in the world.

    “These are monster companies,” Trump declared, beaming at a

  • Mergers in golfing, boating, and other leisure-related companies have boomed this year Link
    Businessweek Thu 16 Sep 2021 13:06

    Interest in outdoor pastimes soared during the pandemic as health concerns forced a rethink of many indoor activities. That didn’t escape the attention of mergers-and-acquisitions bankers.

    It’s only September, but so far this year companies have announced $11 billion in leisure-related takeovers in North America. That’s the highest annual volume since 2006, when private equity firms gobbled up travel-services companies Travelport and Sabre Holdings in a pair of multibillion-dollar deals.

  • Women are filling fewer MBA spots than men, and Covid isn’t helping Link
    Businessweek Thu 16 Sep 2021 13:01

    The U.S. MBA is no more immune to the gender gap than the rest of corporate America. Even as women make up a majority of all college students and fill more than 6 out of every 10 seats in U.S. master’s degree programs, the number of aspiring female executives continues to lag in

  • Public campaign funding is catching on as voters seek to stem the influence of big money Link
    Businessweek Thu 16 Sep 2021 12:51
  • Market forces, not mandates, are creating a $15 an hour minimum wage without much of a fight Link
    Businessweek Thu 16 Sep 2021 12:46
  • Meet the “Dinosaur Cowboys” hunting for the next $32 million T. Rex fossil Link
    Businessweek Thu 16 Sep 2021 12:36

    On a sunny, 99-degree day in northern Montana, Clayton Phipps grabs a backpack and heads for a small trench, maybe a foot deep. He drops to his knees, his auburn hair flared out beneath his black Stetson, then opens his pack, removes a knife that looks best suited to cutting steak, and gets to work.

  • As crypto companies get bigger and more mainstream, regulators are trying to clamp down on their innovations. Just look at Coinbase Link
    Businessweek Thu 16 Sep 2021 12:31

    By now, people are used to unusual goings-on in cryptocurrency markets. But little could have prepared Wall Street for the spectacle of Sept. 8, when it awoke to find the head of a $50 billion digital-assets exchange bashing a powerful regulator in a 21-tweet tirade. There was

  • NEW: The people in charge of getting packages to your door are battling the pandemic, a labor shortage, and sky-high demand. Inside the brutal realities of supply chain hell. Link
    Businessweek Thu 16 Sep 2021 12:16

    It’s mid-August, and logistics manager RoxAnne Thomas’s phone won’t stop pinging. Her faucets, sinks, and toilets are waylaid near Shanghai, snagged in Vancouver, and buried under a pile of shipping containers in a rail yard outside Chicago. As U.S. transportation manager for

  • These are the best business schools in the U.S. Link
    Businessweek Thu 16 Sep 2021 12:11
  • MBA programs are still too male and lack the diversity to reflect the demographics of future business culture Link
    Businessweek Thu 16 Sep 2021 12:06

    The ranks of C-suite trainees enrolled in today’s MBA programs are a microcosm of the challenges playing out across America’s corporate landscape. By and large they are still too male and lack the diversity to reflect the demographics of future business culture.

    The historic national reckoning on race that was triggered by the killing of George Floyd has touched off a reexamination of corporate America from top to bottom. We created the Bloomberg Businessweek

  • Moderating emojis is a technical challenge, but critics say Facebook and Twitter are making it harder than it needs to be Link
    Businessweek Thu 16 Sep 2021 11:16

    In a soccer game in Liverpool’s Goodison Park in 1988, player John Barnes stepped away from his position and used the back of his heel to kick away a banana that had been thrown toward him. Captured in an iconic photo, the moment encapsulated the racial abuse that Black soccer players then faced in the U.K.

    More than 30 years later, the medium has changed, yet the racism persists: After England lost to Italy this July in the final of the UEFA European Championship, Black players for the British side

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