Secret Billionaire: Meet the Rainmaker of Rio
May 15 (Bloomberg) -- As part of Bloomberg's "The Real Brazil" special series, Trish Regan profiles Jorge Paulo Lemann, the secretive Rio-based private equity titan who has been scooping up America's most iconic food brands, from Heinz to Bud to Burger King. Even Warren Buffett "wants to learn about Brazil" from Lemann, the reclusive billionaire who unseated Eike Batista as Brazil's richest man. (Source: Bloomberg)
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Trump's View of U.S. Economy Is Flawed, Says Posen
25:17 - The Federal Reserve looks poised to forgo a chance to prove its favorite points. A rate hike at the Federal Open Market Committee’s Nov. 1-2 meeting would show they mean what they say. Economic data have been strong since it met last month. The decision comes just days before the U.S. presidential election. Inflation is below the Fed’s 2 percent goal, reducing the urgency for action. What’s more, the committee has a meeting in mid-December, so officials could wait to see how markets react to a White House win by either Republican Donald Trump or Democrat Hillary Clinton and still be able to deliver a rate rise in 2016. Peterson Institute President Adam Posen discusses the U.S. election with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."