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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Soaring prices at the vegetable market are threatening nutrition and forcing governments from Morocco to the Philippines to protect supplies.
A worker unloads boxes of onions at an open market in Algiers, Algeria.
Source: AFP/Getty Images
Agnieszka de Sousa,
Souhail Karam and
Lalaine Basa would buy a kilo of onions to make spring rolls at her catering business north of Manila. She’s now changed her recipe to use half the amount because of soaring prices in the Philippines.
In the Moroccan capital Rabat, Fatima no longer buys onions and tomatoes because they are too expensive. She gets artichokes to cook tagine instead. “The market is on fire,” said the mother of three.