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It was Brangelina in 2016. This year’s biggest divorce story is… Brexit. U.K. Prime Minister Theresa May formally triggered legal proceedings Wednesday to cut ties with the European Union, which sets off two years of contentious talks as negotiators sort out the nitty-gritty details of a break-up that will impact the lives of half a billion people. We’re tracking the impact on the U.K. with our Brexit barometer and daily Brexit Bulletin newsletter, which you can sign up for here.
Brexit, of course, points to the larger trend sweeping the globe – the backlash against free trade. Bloomberg Businessweek explores the story of the Carrier plant that reneged on plans to move jobs to Mexico after pressure from U.S. President Trump–but still finds itself at the mercy of the forces of globalization. - Katie Robertson
The thorniest numbers for Brexit negotiators. Tough choices await negotiators in upcoming talks. How much, if anything, is the U.K. willing to pay to settle its dues? How many immigrants are too many for British voters? How much free-trade can the U.K. still enjoy with the bloc afterward? We look at the data that will be key to reaching a compromise over the next two years.
Remember when Trump said he saved 1,100 jobs at a Carrier plant? Well, globalization doesn’t give a damn. The Carrier saga shows the future of U.S. manufacturing. The Indianapolis furnace factory was a doomed pawn in the globalization game long before Trump made it his target. The plant could thrive now in the U.S., but that means more automation and fewer workers.
The great Nevada lithium rush. The battery of the future is hungry for the new “it” mineral and the race is on to get it out of Clayton Valley and into your iPhones, Bolts, and Powerwalls. In a few years, Nevada may be supplying a battery market that’s almost twice the size of today’s.
The cheapest way to build Trump’s wall? Enlist the U.S. military. It's become expert at building concrete walls (look to the Iraq war) and might be able to do the job for less than the private sector. The government released a request for proposals this month which described something similar to the wall built in and around Baghdad.
Going the long way to beat the laptop bans. Bloomberg analyzed routes to the U.S. and U.K. from Asia, Africa and the Middle East hubs to see how the restriction on electronic devices is shaking up long-haul air travel. Many of the alternative journeys involve lengthier trips, higher fares or limited timetables – and sometimes a combination of all three.
Trump’s student loan default penalty has an unlikely foe – debt collectors. The Education Department has reinstated huge fees against distressed borrowers, but loan firms say they won’t be enforcing them. The move spares as many as 11 million debtors who owe a combined $231.4 billion.
River cruises aren’t just for old people anymore. Floating down the Danube with the senior set – it’s never been a millennial’s dream vacation. But the relaxed river-cruising model is headed out the porthole now that a slew of bold new adventure-themed itineraries are on the scene for young professionals. Cycling aficionado? Solo traveler? (Slightly) intrepid? There’s a European trip for you.