Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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A man cycles past the CSCK Indian Ocean container ship, operated by China Shipping Container Lines Co., during loading operations at the Eurogate GmbH & Co. KGaA KG shipping terminal at Hamburg port in Hamburg, Germany, on Tuesday, June 2, 2015.
Hillary Clinton appeared to take another step away from the Trans-Pacific Partnership on Thursday, telling reporters that she didn’t work on the controversial trade deal while serving as President Barack Obama’s secretary of state.
The Democratic presidential front-runner, who advocated for a multi-lateral Asia trade agreement as a member of Obama's administration but has pointedly refused to endorse the results as a candidate to succeed her old boss, walked a careful semantic line following a private meeting with the AFL-CIO executive council. Many of the group's members vehemently oppose the proposed trade deal.