Everybody had crypto dreams. What did they think they were buying?
December 17, 2018 Issue
Features
Even as Bitcoin crashes, these machines are spreading—and they can be perfect vehicles for cleaning dirty cash.
The former Goldman Sachs partner and hedge fund manager made and lost a fortune on Bitcoin. He’s undeterred by its drop.
Beijing has accumulated dozens of blockchain patents. Crypto fans won’t like what comes next.
The cryptocurrency boom found value where there wasn’t any.
The collapse in price shows decentralization was an elite pursuit.
The country, facing rising seas and financial isolation, desperately needed a get-rich-quick scheme. Naturally, it decided to create a legal tender cryptocurrency.
For the cryptocurrency to have real staying power, it’ll need help from the IRS.
Breaking down the biggest ICOs from the past few years.
The Bloomberg View
In India, as elsewhere, central-bank independence serves everybody’s interests.
Remarks
A message from the future about what the 2019 split from the EU hasn’t delivered.
Business
Exit Britain. Enter Wall Street.
Christophe Weber sees Shire acquisition as key to growth.
The automaker says selling vehicles via “subscriptions” will help it build stronger ties to its customers.
Technology
Software makers offer more transparent machine-learning tools—but there’s a trade-off.
The U.S. Digital Service is tackling bureaucracy with Silicon Valley coders. Results are mixed.
He’s on his way to Capitol Hill in the latest test of his reputation as Silicon Valley’s great conciliator.
Finance
Tidjane Thiam has spent three years pivoting the Swiss bank from Wall Street to its roots serving the world’s richest. Shareholders are still waiting for the results.
Top college endowments set up donor-advised funds to attract even more alumni giving.
Economics
The economic stimulus has dissipated pretty quickly, but the deficits will endure.
World’s longest-living citizens are causing medical costs to soar.
Politics
Beyond failing in his goal to shrink the federal deficit, the House speaker is leaving the budget in a precarious state.
Citizens complain about a lack of jobs, low wages, and higher rents.
Many of the illiberal practices now influencing American politics originated in the state.
Pursuits
The retail market for women who prefer to dress conservatively could be worth more than $350 billion in two years.
How the team behind CSR Racing 2 builds digital versions of today’s most coveted cars.
Finger limes are a great addition to fresh seafood, vegetables, and even pasta.
A book by journalist David Montero argues that prosecuting payoff cases can actually save nations billions of dollars.
But definitely wear it at all other times this winter.
Last Thing
Consumer health products, pharmaceuticals, and medical devices all generate plenty of legal fights.
