• Home prices in three U.S. cities have jumped 25% or more in just a year Link
    Businessweek Thu 16 Sep 2021 00:05

    Homes in some of the largest U.S. cities just keep getting more expensive.

    In Phoenix alone, an index that measures home prices climbed a whopping 29.3% in June from the previous year, as more people move to the city. The measure in San Diego rose 27.1%, while Seattle increased 25%. The index in nine cities jumped 20% or more.

  • An oil trader got caught sending bribes to Africa. Then he turned on his colleagues Link
    Businessweek Wed 15 Sep 2021 23:45
    Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a U.S. Justice Department investigation into the company and numerous former colleagues.

    Corruption isn’t exactly unheard of in the extraction and trading of commodities, especially in the developing world. But details of Stimler’s cooperation deal, obtained from the U.S. attorney’s office in Manhattan and which haven’t been reported before, offer a rare opportunity to see how it works — the scale, scope and almost routine nature of such transactions. 

  • Flutwein, a.k.a. “flood wine,” is helping one German community rebuild after a devastating natural disaster Link
    Businessweek Wed 15 Sep 2021 23:30

    Peter Kriechel awoke on the morning of July 15 to find a dozen smashed cars piled up in his garden and the streets of the once picturesque village of Ahrweiler awash in muddy debris. At his family’s nearby 

  • We tracked a group of businesses in one Seattle neighborhood during the pandemic. Here’s what they did to survive—and what they're doing next. Link
    Businessweek Wed 15 Sep 2021 23:20

    The pandemic changed the heartbeat of urban areas across the U.S.­—few more so than the Pike/Pine corridor of Seattle’s Capitol Hill neighborhood. The vibrant-at-all-hours commercial district seemed headed for disaster as the economy shut down in March 2020. People holed up in their apartments, logging on to corporate office jobs at Amazon.com Inc. and other employers that had suddenly gone remote. Restaurants and bars went to takeout. Brick-and-mortar shops tried to make a go of it online. Music venues fell silent.

  • Mergers in golfing, boating, and other leisure-related companies have boomed this year Link
    Businessweek Wed 15 Sep 2021 23:15

    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.

  • MBA programs are still too male and lack the diversity to reflect the demographics of future business culture Link
    Businessweek Wed 15 Sep 2021 23:10

    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

  • This company has a plan on how to scale up technology that can cut carbon-dioxide emissions from cement factories. (via @climate) Link
    Businessweek Wed 15 Sep 2021 22:35
  • A headset that lowers stress by sending vibrations behind your ears actually kind of works Link
    Businessweek Wed 15 Sep 2021 22:30

    It’s a pledge that countless purveyors of medicine, meditation apps, herbal supplements, and therapy have made: less stress and a good night’s rest. Chances are you’ve tried a few of these, with middling success—we’ve all got fatigue-fighting fatigue.

    But the $490

  • Women are filling fewer MBA spots than men, and Covid isn’t helping Link
    Businessweek Wed 15 Sep 2021 22:25

    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

  • 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 Wed 15 Sep 2021 22:20

    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

  • Women who stayed in the workforce last year saw a dip in income and little improvement in the gender wage gap Link
    Businessweek Wed 15 Sep 2021 22:20
    data released Tuesday from the U.S. Census Bureau show. 

    In 2020, women who worked full-time earned 83 cents for ever dollar men took home, up from 82.3 cents the year prior. Earlier this year, Pew Research Center found

  • MBA programs aren’t enrolling enough Black and Hispanic students Link
    Businessweek Wed 15 Sep 2021 22:00

    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

  • This plant-based ice cream shop is utilizing a throwback business model that regained steam during the pandemic: worker-owned cooperatives https://t.co/WueuhPUP1t (video via @quicktake) Link (video via @quicktake)
    Businessweek Wed 15 Sep 2021 21:40

    At a small table in an empty retail storefront in Baltimore, Nicole Foster pores over blueprints with her husband, Dwight Campbell, and architect Evan Wivell. For years, Foster and Campbell had made plant-based ice cream from scratch for their lactose-intolerant children. It turned out the public liked it, too. Could

  • Turkey's decision to withdraw from the Istanbul Convention has increased concern about safety and female participation in the economy Link
    Businessweek Wed 15 Sep 2021 21:35

    A woman in Istanbul sent a panicked message to her lawyer: Her ex-husband was on his way to pick up their 9-year-old daughter. He threatened to kill her if she tried to stop him.

    This was three days after Turkey announced in March that it was

  • These are the best business schools in the world. Take a look at our 2021-22 B-School Rankings. Link
    Businessweek Wed 15 Sep 2021 21:25

    Stanford was ranked the top U.S. business school in the Bloomberg Businessweek 2021-22 Best B-Schools MBA ranking. A repeat winner, Stanford scored highest in compensation, networking, and entrepreneurship. Dartmouth’s Tuck school came in second, with Harvard third. For the first time, Bloomberg Businessweek's MBA ranking included a Diversity Index that measures U.S. schools on race, ethnicity, and gender in their classes.

    Bloomberg Businessweek ranked 119 MBA programs around the world. IMD once again was tops in Europe, and CEIBS was a repeat winner in Asia-Pacific. Queen’s Smith school climbed to No. 1 in Canada. Three schools were ranked for the first time, and 102 schools in the ranking moved up or down.

    Rankings were based on 19,955 surveys from students, alumni, and recruiters, as well as compensation and employment data from each school. For the first-ever Diversity Index, U.S. schools also provided data on race, ethnicity, and gender...

  • In West Texas, vast quantities of methane, a powerful greenhouse gas, are leaking into the atmosphere. Specialized cameras that can detect the invisible pollutant are helping to expose the problem Link
    Businessweek Wed 15 Sep 2021 21:20
    In West Texas, vast quantities of methane, a powerful greenhouse gas, are leaking into the atmosphere. Specialized cameras that can detect the invisible pollutant are helping to expose the problem. (Source: Bloomberg)
  • Crypto companies are pouring hundreds of millions of dollars into professional sports. Here’s why Link
    Businessweek Wed 15 Sep 2021 21:15
    lot of it.

    For digital currencies to continue that upward trajectory, however, they need to “expand the investor base”—a euphemism for finding new and, almost by definition, less sophisticated investors willing to pump up the price of Bitcoin, Ethereum, Dogecoin, and any other cryptocurrency that is the flavor of the day.

  • RT @wealth: ?? Landlords are jacking up rents on tenants who locked in deals last year when prices were in freefall. Some renters are bei…
    Businessweek Wed 15 Sep 2021 20:50
  • This is the inside story of how Peter Thiel gamed Trump, Silicon Valley’s biggest executives, and democracy itself to make billions, tax-free Link
    Businessweek Wed 15 Sep 2021 20:50

    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

  • RT @wealth: Landlords are jacking up rents in New York — often by 50, 60 or 70% — on tenants who locked in deals last year when prices were…
    Businessweek Wed 15 Sep 2021 20:45
  • After being dark for over a year, Broadway, ballet and the Metropolitan Opera are ready to welcome audiences—and their tourist dollars Link
    Businessweek Wed 15 Sep 2021 20:35

    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.

  • Mergers in golfing, boating, and other leisure-related companies have boomed this year Link
    Businessweek Wed 15 Sep 2021 20:35

    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.

  • A startup in Australia just produced one of the most efficient solar cells ever, beating China's industrial giants as a result of a materials breakthrough. (via @climate) Link
    Businessweek Wed 15 Sep 2021 20:15

    About seven years ago, Vince Allen barged into the garage he shared with some flatmates in a Sydney suburb and set about trying to shake up the solar industry. He was at the time a PhD candidate at the University of New South Wales, and he had an idea for making solar panels

  • RT @BloombergLive: "It's been gratifying to be a a recipient of some of the corporate largesse. @Morehouse & @SpelmanCollege were able to l…
    Businessweek Wed 15 Sep 2021 19:40
  • Flutwein, a.k.a. “flood wine,” is helping one German community rebuild after a devastating natural disaster Link
    Businessweek Wed 15 Sep 2021 19:35

    Peter Kriechel awoke on the morning of July 15 to find a dozen smashed cars piled up in his garden and the streets of the once picturesque village of Ahrweiler awash in muddy debris. At his family’s nearby 

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