Bloomberg Need some parts for a nuclear plant? The government has a few to spare. Electrical transformers, motors, and pieces of special glove boxes designed to safely handle radioactive material are available as the government auctions off equipment from a now-abandoned nuclear project that was supposed to turn weapons-grade plutonium into fuel for commercial nuclear reactors. The online fire sale ...

The Supreme Court justices might be bemused, or depressed, by this question they implicitly will consider in Thursday’s conference: Should they review — the answer is yes — a decision by a lower court that evidently skipped history class the day the teacher explained that a huge defect of the Articles of Confederation was the states’ powers to impede the ...

Science has a lot to say about the effectiveness of wearing a mask to stop the spread of the coronavirus, but the communication of that science has been corrupted by a combination of partisan divides, sensationalist media stories, distrust, false dichotomies, and letting the perfect be the enemy of the good. The studies on masks aren’t perfectly definitive, but that’s ...

Ever since the coronavirus sent millions of people home to work, people have been predicting that remote work will endure after the pandemic is over. Color me skeptical. I can’t imagine everyone not wanting to race back into the office the minute it is safe to do so. But my wife and I both have full-time jobs, and we have ...

To reduce inequality and racial injustice, a lot of people are interested in making college available to all. The most ambitious proposals would cost a great deal of money — and taxpayers would have to foot the bill. Last week, the city of West Sacramento, California, did something fresh and creative — and cheap. It automatically admitted every one of ...

Bloomberg Reliance Industries Ltd, the conglomerate controlled by Asia’s richest man, said it has become free of net debt months ahead of a March 2021 target after raising more than $23 billion from stake sales and a rights issue. Its shares closed at an all-time high. India’s most valuable company said in a statement that it secured 1.16 trillion rupees ...

Bloomberg The Japanese wireless unit of SoftBank Group Corp led a $19.5 million investment in Splyt Group Ltd, a UK-based startup that makes software to simplify ride-hailing abroad. With the latest round, Splyt has raised a total of $35 million, including an earlier investment by Southeast Asia’s ride-hailing giant Grab. SoftBank Corp declined to disclose the exact amount of its ...

Bloomberg KKR & Co expects to at least triple its investments in Vietnam in the next decade as it seeks to capture rising demand from the Southeast Asian nation’s growing middle class. The US buyout firm’s investments in Vietnamese assets crossed $1 billion after a KKR-led consortium bought a stake in Vinhomes JSC, the largest real estate developer in the ...

Bloomberg Kamet Capital Partners Pte is on a hiring spree as the Singapore family office tops $1 billion in assets for the wealthy clients it serves in Asia. Kamet has hired seven people since April, bringing total headcount to 25, CEO Kerry Goh said. Two more staff will be added by September, said Goh, whose firm runs money for four ...

Bloomberg Thailand’s tourism-revival strategy is to target big spenders seeking privacy and social distancing in the Covid-19 era, rather than try to attract a large number of visitors. The pandemic provides an opportunity to reset the sector, which had become reliant on Chinese groups and backpackers. Once the country’s borders are reopened and so-called travel bubbles are agreed upon, marketing ...