• It's becoming more dangerous to give birth in the US. And in Texas, maternity wards are in short supply Link
    Businessweek Mon 08 Aug 2022 07:01

    Once a week, Adrian Billings drives his white Chevy pickup from his home in Alpine, Texas, to Presidio, a city along the Mexican border. This summer he’s been taking his son Blake, who’s home from college, with him. The drive, through mountains and desert on a two-lane highway across which actual tumbleweeds roll, takes an hour and a half.

    Billings is a family doctor, one of only a handful in this part of West Texas. He offers a one-stop shop for his patients’ ailments: heart murmurs, kidney stones, etc. Most of the time he works in Alpine or the nearby city of Marfa. But he makes the weekly drive to Presidio because, without doctors like him, it wouldn’t have medical care. There’s no hospital and no full-time doctor. His clinic, which opened in 2007 with the help of government grants, is the only access residents have to even a local pharmacy.

  • Dall-E has been a hit online so far, but its creators are just beginning to explore the tool's practical implications Link
    Businessweek Mon 08 Aug 2022 06:31
    Wall-E), the software produces original pictures from text prompts of as many as 400 characters or images that users upload. Someone might ask for a portrait of Shrek in the style of the Mona Lisa, or upload a file of the painting Girl With a Pearl Earring and ask Dall-E to imagine it as a behind-the-scenes glimpse at a fashion shoot starring its subject.

    Like many successful products that come from Silicon Valley startups, Dall-E became a phenomenon during a testing period when it was available to only a relatively small group. The hype built with online chatter from early adopters, who documented the highlights on Twitter and Reddit, giving the broader world a taste of what was to come.

  • Jerome Powell is going to do whatever it takes to stamp out inflation, even if it means causing a recession Link
    Businessweek Mon 08 Aug 2022 06:01

    Let’s say you come home and there’s a gorilla sitting on the couch in your nicely appointed living room. You are partly to blame for leaving the door unlocked, but world events have also conspired to let him in the door.

    You are carrying a baseball bat. But you know that getting into a fight with an unruly 300-pound beast is going to wreck the house. You try nudging him out the door without creating a lot of collateral damage, but that doesn’t work. So now it’s clear that some furniture is going to get broken.

  • How China’s WeChat became so powerful it could have posed a real threat to Beijing’s rule Link
    Businessweek Mon 08 Aug 2022 05:31

    Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies. In China that’s sort of what it’s like to live without

  • A plant-based food company is using AI to change its recipes on the fly so it can sidestep supply chain backlogs Link
    Businessweek Mon 08 Aug 2022 05:01
    NotMilk—NotCo’s plant-based milk—are pineapple juice, cabbage juice, and pea protein. Its NotBurger contains beet juice powder, pea and rice proteins, bamboo fiber, and chia protein concentrate. But Giuseppe’s work is never done, and the war in Ukraine is disrupting supplies of a key component in both products:
  • The NFT video game Axie Infinity was supposed to be a crypto paradise where people could earn a living. Instead, it became a web3 cautionary tale Link
    Businessweek Mon 08 Aug 2022 03:05

    Axie Infinity’s vision of a “play-to-earn” video game has crumbled, and the company behind it now tells the players who bought into the hype it was never about the money, anyway.

  • LIVE: Hong Kong’s leader John Lee and health chief Lo Chung-Mau hold a press briefing on Covid rules. Follow the latest updates here: Link Link
    Businessweek Mon 08 Aug 2022 02:35
  • Nonmonogamy can offer lessons for people working multiple jobs Link
    Businessweek Mon 08 Aug 2022 02:05
    untethered workers from their desks, opening lifelong 9-to-5ers to the possibility of quietly pursuing two or even three jobs full steam. Academics who study nonmonogamy say it shares myriad similarities with a multiplicitous professional life—and that many lessons can transfer from the bedroom (er, bedrooms) to the conference room. “The same dynamics broadly apply to all types of relationships, whether they’re professional, platonic, or romantic,” says Amy Moors, assistant professor of psychology at Chapman University. We asked researchers for tips on juggling various professional squeezes.

    Figure out what everyone needs. Moors

  • Swatch's MoonSwatch collaboration with sister brand Omega has breathed new life into the Swatch brand Link
    Businessweek Mon 08 Aug 2022 01:05

    When the Swatch was born four decades ago, the plastic timepiece breathed new life into the staid Swiss watch industry, which was struggling to compete with cheap quartz models from Asia. By the early 1990s, Swatch sales soared to about 20 million a year as consumers snapped up the colorful designs that married Swiss-made precision with an affordable fun factor. That boost provided financial cover for the slow-motion comeback of struggling high-end manufacturers (Blancpain,

  • As embryos gain new 'personhood' protections, families who rely on IVF are bracing for battle Link
    Businessweek Mon 08 Aug 2022 00:40
    overturned Roe v. Wade and ended the legal right to abortion in America. The next year would be a crucial one for making partner at her law firm, and she already had a 16-month-old daughter at home. Not to mention that, after two years of infertility, followed by the difficult process of IVF and then new parenthood, she’d been looking forward to a relaxing summer: family beach trips, a vacation with her girlfriends, watching her daughter’s budding personality take shape.

  • "Buy now, pay later" companies made pay-in-four payment plans ubiquitous. But economic uncertainty, increased competition, and regulatory scrutiny may trouble the industry Link
    Businessweek Mon 08 Aug 2022 00:30

    For three days each week during the month of April in 2014, a seasoned product manager named Lulu Young, an engineering manager named Paul Connolly, and a 24-year-old jewelry salesman named Nick Molnar gathered in a bare, windowless conference room in Melbourne to hash out the features and functionality of a financial product that existed only in Molnar’s head. The goal was to appeal to two constituencies at once: online retailers, who were always eager to convert more virtual browsers into actual shoppers; and consumers, some of whom didn’t have credit cards but, Molnar thought, might still like a way to get their goods first and then pay for them over time.

  • NEW: US state officials have sought to regulate elections after Trump wrongly claimed the 2020 race was rigged. Bloomberg News analyzed every proposed election law since then—and found the states most at risk of political interference. Read The Big Take: Link
    Businessweek Mon 08 Aug 2022 00:00
    Politicians who dispute the outcome of the 2020 presidential election are on the ballot this year for offices that could determine how the 2024 election is decided in swing states—regardless of what voters intend.
  • Neom, MBS's $500 billion futuristic mega-project in the desert, is supposed to be a showpiece for Saudi Arabia. But current and former employees, as well as internal documents, say the project is plagued by setbacks Link
    Businessweek Sun 07 Aug 2022 23:04

    One day last September, a curious email arrived in Chris Hables Gray’s inbox. An author and self-described anarchist, feminist, and revolutionary, Gray fits right into Santa Cruz, Calif., where he lives. He’s written extensively about genetic engineering and the inevitable rise of cyborgs, attending protests in between for causes such as Black Lives Matter.

  • A 3M factory spewed “forever chemicals” for decades, polluting the land, water, and people living near it. Now a fight is unfolding over how to clean up the toxic mess Link via @BW
    Businessweek Sun 07 Aug 2022 22:09
    The fight over a tunnel project in Antwerp has revealed extraordinary levels of toxins in the water, soil, and people near the company’s factory. This time there could be criminal charges.
  • Big Tech is spending lots of money to make antitrust reform seem scary Link
    Businessweek Sun 07 Aug 2022 21:34

    In a short video ad posted online in May, a middle-aged man gives a scary speech while adjusting a large object hidden under a tarp in the bed of a pickup truck. Parked on the street outside a suburban home, he ticks off a few of his favorite tech services—smartphone apps that give driving directions and overnight e-commerce delivery—then says, “Politicians have a plan to get rid of all that.” The video ends with him jumping into the driver’s seat and buckling up as the sentence fragment “

  • Coinbase pledged to bring "more economic freedom to the world." But an insider trading allegation highlights some problems with the company's embrace of more volatile currencies Link
    Businessweek Sun 07 Aug 2022 21:29
    banned from engaging in activism at work, he announced, and should refrain from advocating for political and social issues in the office. Anyone who disagreed would be asked to resign, and the only workplace politics allowed in the future would be related to Coinbase’s “mission,” which was “building the most trusted and easiest to use financial products that help people access the cryptoeconomy.” This, he said, would “bring more economic freedom to the world.”

    Armstrong’s message led to some resignations, and tons of media coverage ahead of Coinbase’s public stock listing. Detractors, including former Twitter CEO

  • Drew Afualo has become one of TikTok's biggest stars by using trolls’ tactics against them Link
    Businessweek Sun 07 Aug 2022 20:04

    Drew Afualo’s laugh is a weapon, a cri de coeur, and a cleansing fire. It’s a staccato, full-chested explosion of high-pitched emotion and outrage. It’s also brimming with the shock of recognition: Of course this jerk would say that. Afualo says it’s just how Polynesian people laugh (she’s Samoan), but she deploys it as a kind of punchline and for a very specific purpose. She makes some of the

  • A Justice Department challenge to UnitedHealth's planned acquisition of a health data processor is a big moment for Biden’s antitrust agenda Link
    Businessweek Sun 07 Aug 2022 19:29
    UnitedHealth Group Inc., the giant US health-care conglomerate that insures nearly 46 million Americans, reaches into almost every corner of the health system. Beyond the insurer it’s best known for, the company, through its Optum services unit, runs a pharmacy benefit manager that fills 1.4 billion prescriptions annually. It also operates the country’s largest physician workforce—more than 60,000 doctors. Early last year,
  • From a state senator to a machine worker, Americans reveal—in their own words—how an abortion changed their life Link
    Businessweek Sun 07 Aug 2022 18:29
    transformational impact the ruling had on the ability of women to join the workforce, build a career, and boost their earning power over the past 50 years. “I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades,” Treasury Secretary Janet Yellen told a
  • Alexandre Arnault is tasked with refreshing the Tiffany & Co brand. If he succeeds, he could take over from his father at LVMH Link
    Businessweek Sun 07 Aug 2022 17:34

    Ever since he transformed Louis Vuitton from a venerable maker of steamer trunks into a handbag juggernaut more than 30 years ago, Bernard Arnault has pursued a simple yet lucrative strategy: buy respected but slightly fusty brands; freshen up their management, marketing, and operations; and weave them into the ever-expanding luxury tapestry known today as

  • The 100 wealthiest Americans have lost $622 billion since November—but they're still a lot richer than they were before the pandemic Link https://t.co/UHaFz9veZ5
    Businessweek Sun 07 Aug 2022 16:28

    In the early days of the pandemic, when markets plunged and 22 million Americans lost their jobs, Congress and the Federal Reserve sprang into action to stabilize an economy at risk of buckling. After trillions of dollars of Covid-19 relief cash and a monsoon of cheap federally sponsored loans, US households are sitting on

  • Americans have taken for granted just how much women contribute to the economy. Abortion bans puts all those gains at risk Link
    Businessweek Sun 07 Aug 2022 15:28

    Fear is like acid on the brain, etching memories that remain long after you’ve forgotten things like the formula for photosynthesis or your first boyfriend’s favorite band.

    More than a quarter century has gone by, but there’s so much I remember about that day in Miami: The tacky black satin sheets on the bed in the one-bedroom condo my boyfriend’s friend had loaned us for our weekend trip, the white glare of the sun outside, and the double line on the indicator window of the at-home pregnancy test I held in my hand.

  • An ambitious train line in Mexico is being built on fragile ground and threatening the environment — but AMLO is determined to complete it Link
    Businessweek Sun 07 Aug 2022 14:23

    The clear-cut through the forest in Mexico’s southeast is long (the section shown above will be 121 kilometers, about 75 miles), 40 meters (131 feet) wide, and as straight as modern engineering can make it. It’s the right of way for a train—the Maya Train, or Tren Maya, which will run for 1,554 kilometers and connect five states in the Yucatán Peninsula. This is arguably President Andrés Manuel López Obrador’s most ambitious infrastructure project, and he’s vowed, repeatedly, to have it ready by the end of next year.

  • The Overwatch League was supposed to redefine e-sports. But Bobby Kotick's big idea has cracked under the weight of its ambitions Link
    Businessweek Sun 07 Aug 2022 13:33
    annual event to promote its biggest video games, Chief Executive Officer Bobby Kotick held private gatherings for a handful of sports-business billionaires and people involved in the business of competitive video games, or e-sports. He pitched attendees­—including his friend
  • A pair of robbers allegedly used real estate listings and open houses to target the homes of LA's rich and famous, stealing millions of dollars in designer goods Link
    Businessweek Sun 07 Aug 2022 12:08

    In a stunning crime spree, a pair allegedly stole millions of dollars in watches, bags, and other luxury items from celebrities, the fabulously wealthy, and even friends. Their trial begins on Aug. 25.

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