September, 2017

• 23 September

  UK’s Uber ban gives May a Brexit dilemma

  Bloomberg Is London’s decision to remove Uber Inc.’s taxi license a sign that Britain is turning inward ahead of Brexit? It could be seen as a concession to the capital’s famous black cab drivers, who are highly trained and expensive, and resent competition from cheaper rivals equipped with satellite navigation. They are skilled tradesmen threatened by the march of technology ...

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• 23 September

  Amazon to create 2,000 jobs in new Manhattan office

  Bloomberg Amazon.com Inc. is set to open a large new office in New York City and create 2,000 high-paying jobs. The e-commerce giant, which already has several locations across the city, will expand its presence with a 359,000 square-foot office in Manhattan that will employ people in finance, sales, marketing and information technology earning an average of $100,000 annually. Amazon ...

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• 23 September

  A storm’s never destroyed a grid like Maria ruined Puerto Rico’s

  

  Bloomberg You don’t even have to leave the airport to see that Hurricane Maria has laid waste to Puerto Rico’s power grid. The San Juan airport was abandoned. No electricity meant no air conditioning, and no air conditioning meant hot and muggy air wafting through the terminals. Ceilings were leaking. Floors were wet. Only the military, relying on its own ...

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• 23 September

  Chicago is more popular with tourists than ever

  

  Bloomberg Chicago, described by President Trump and others as a hellish, dystopian crime scene akin to a “war-torn nation” and “worse than Afghanistan” is about to shatter all of its tourism records, including the one it set last year. An abundance of creative energy is driving this renaissance: The growing skyline is getting filled with increasingly stylish hotels, and a ...

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• 23 September

  Trump’s welcome flirtation with the UN

  

  When you discount the rhetorical overkill, the most surprising thing about Donald Trump’s address to the United Nations on Tuesday was how conventional it was. He supported human rights and democracy; he opposed rogue regimes; he espoused a global community of strong, sovereign nations. Pretty shocking stuff. Because he’s Trump, the zingers got the headlines: He repeated his childish, snarky ...

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• 23 September

  The next crisis to hit Silicon Valley

  

  It has been 10 years since the last financial crisis, and some have already started to predict that the next one is near. But when it comes, it will likely have its roots in Silicon Valley, not Wall Street. The world of finance looks very different today than it did 10 years ago. In 2007, our biggest concern was “too ...

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• 23 September

  Maybe the recruiters are keeping people out of work

  Now should be among the best of times to find a job. So why are so many Americans still not working? The answer might have something to do with the way employers hire. Demand for workers looks as strong as it has ever been. The US job openings rate stood at 4 percent in July, matching the highest point on ...

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• 23 September

  What Germany wants is far from what Europe needs

  If polls are correct, Angela Merkel is on track to win a record fourth term as German chancellor on September 24. The temptation, after such a long run of electoral success, is to keep the formula unchanged and carry on giving the voters what they want. The trouble is, what makes sense for Germany and its people isn’t quite what’s ...

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• 23 September

  Take last-ditch obamacare repeal effort seriously

  

  The Republicans are making yet another run at repealing Obamacare, this time with a bill sponsored by Republican senators Lindsey Graham, of South Carolina, and Bill Cassidy, of Louisiana. While this legislation doesn’t seem workable in its current form, as the old saying about Richard Wagner’s music goes, the bill is in some respects “better than it sounds.” Think of ...

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• 23 September

  Zombie firms threaten financial stability

  

  Whether you think of subprime mortgages or auto loans, there is little doubt that consumers were the symbol of the 2008 financial crisis. Since then, households have gone through a painful process of deleveraging, as central banks kept interest rates at rock bottom to help them pay back their debts. The same isn’t true for companies. As monetary authorities edge ...

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