What Does $500 Billion Build in the Saudi Desert? - July 18, 2022 Issue

July 18, 2022 Issue

MBS’s $500 Billion Desert Dream Just Keeps Getting Weirder

MBS’s $500 Billion Desert Dream Just Keeps Getting Weirder

By Vivian Nereim

Bloomberg Opinion

Bloomberg Opinion

How Much Covid Relief Was Stolen? No One Really Knows

By The Editors

Bipartisan Members Of Congress Announce Coronavirus Relief Bill

Remarks

Remarks

US Economy Careens Between Glee and Gloom With Each Data Release

By Rich Miller

US Economy Careens Between Glee and Gloom With Each Data Release

Business

Business

Fast-Fashion Behemoth Shein Says It’s Cleaning Up Its Act. Will Anyone Buy It?

By Bruce Einhorn and Daniela Wei

Fast-Fashion Behemoth Shein Says It’s Cleaning Up Its Act. Will Anyone Buy It?

Gap Back at Square One as It Looks to Replace Fired CEO

By Allison Nicole Smith

Gap Stores Ahead Of Earnings Figures

Geely Is Launching Satellites in a Bid to Bring Driverless Cars to China

By Bloomberg Businessweek

CHINA-XICHANG-SATELLITES-LAUNCH (CN)

Making Sure GM Has the Financial Muscle for the Electric Future

By David Westin

Making Sure GM Has the Financial Muscle for the Electric Future

Technology

Technology

There Are No Winners in Musk’s Twitter Mess

By Max Chafkin

There Are No Winners in Musk’s Twitter Mess

Google Is Going to Let Politicians Spam Your Inbox

By Max Chafkin

Google Is Going to Let Politicians Spam Your Inbox

The US Is Thwarting China’s Love Affair With Israeli Tech

By Sarah Zheng and Coco Liu

The US Is Thwarting China’s Love Affair With Israeli Tech

Finance

Finance

How Three Arrows Capital Blew Up and Set Off a Crypto Contagion

By Justina Lee, Muyao Shen and Ben Bartenstein

How Three Arrows Capital Blew Up and Set Off a Crypto Contagion

When a $490 Glock Can Cost $1,123: The Company Behind ‘Buy Now, Pay Later’ for Guns

By Michael Tobin and Max Reyes

When a $490 Glock Can Cost $1,123: The Company Behind ‘Buy Now, Pay Later’ for Guns

Economics/Oil

Economics/Oil

The Era of Expensive Oil Is Here to Stay

By Will Kennedy

The Era of Expensive Oil Is Here to Stay

The Real Reason Gas Is So Expensive? The US Needs More Refineries

By Kevin Crowley and Jennifer A Dlouhy

The Real Reason Gas Is So Expensive? The US Needs More Refineries

Countries Around the World Scramble to Ease Pressure at the Pump

By Bloomberg Businessweek

Countries Around the World Scramble to Ease Pressure at the Pump

A Dip in Gasoline Use Stokes Debate Over Demand Destruction

By Chunzi Xu

A Dip in Gasoline Use Stokes Debate Over Demand Destruction

What the Oil Shocks of the ’70s Can Tell Us About Today

By Bloomberg Businessweek

What the Oil Shocks of the ’70s Can Tell Us About Today

The US Industrial Complex Is Starting to Buckle From High Power Costs

By Joe Deaux and Naureen Malik

The US Industrial Complex Is Starting to Buckle From High Power Costs

Putin’s War Threatens Europe’s Ambitious Climate Goals

By Will Mathis and Ewa Krukowska

Europe Energy U-turn

The Fuel Thefts That AMLO Tried to End Are Getting Worse Again

By Amy Stillman

The Fuel Thefts That AMLO Tried to End Are Getting Worse Again

Solutions/Prognosis

Solutions/Prognosis

A Weight Loss Program by Any Other Name Is Still a Diet

By Emma Court

A Weight Loss Program by Any Other Name Is Still a Diet

Using Artificial Intelligence to Predict the Next Covid Variants

By Riley Griffin

Using Artificial Intelligence to Predict the Next Covid Variants

Taking On Chicago’s Gun Violence With Public-Health Strategies

By Madison Muller

Taking On Chicago’s Gun Violence With Public-Health Strategies

Features

Features

MBS’s $500 Billion Desert Dream Just Keeps Getting Weirder

By Vivian Nereim

MBS’s $500 Billion Desert Dream Just Keeps Getting Weirder

WeChat Is China’s Most Beloved (and Feared) Surveillance Tool

By Lulu Chen

WeChat Is China’s Most Beloved (and Feared) Surveillance Tool

Ditch the Office, Dude—the #VanLife Commune Is Calling

By Ellen Huet

Ditch the Office, Dude—the #VanLife Commune Is Calling

Pursuits

Pursuits

Don’t Forget to Write! Why Letters and Cards Are More Important Than Ever

By Daniel Taub

Don’t Forget to Write! Why Letters and Cards Are More Important Than Ever

Impressive Fountain Pens and Pencils to Up Your Epistolary Game

By Daniel Taub

Impressive Fountain Pens and Pencils to Up Your Epistolary Game

Seven Stylish Stationery Choices for Classy Correspondence

By Kathryn O'Shea-Evans

Seven Stylish Stationery Choices for Classy Correspondence

The True Value of the Cheap Postcard

By Mark Ellwood

The True Value of the Cheap Postcard

Here’s One Way to Look Forward to Opening Bills

By Matthew Kronsberg

Here’s One Way to Look Forward to Opening Bills

Last Thing

Last Thing

Natural Gas Is Gaining Ground, and the US Has Plenty of It

By Justin Fox

Natural Gas Is Gaining Ground, and the US Has Plenty of It