Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".
Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece.
China Stocks Hope, Cheap Singapore Flats: Saturday Asia Briefing
Argentina to Get $500 Million Chevron Investment, Massa Says
Ukraine Economy Contracts Less Than Expected Despite Attacks
Canada Suffers Minor Job Losses, Snapping Eight-Month Streak
Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey
What East Coast Cities Can Learn About Wildfire Policies From the West
Beyond Meat Is Set Up for Short Squeeze After Stock Surges 20%
OpenAI’s CEO Calls on China to Help Shape AI Safety Guidelines
Tesla’s Record Run Drives Nearly $200 Billion Jump in Value
Nordic Capital Pursues Temenos as Other Suitors Drop
Starmer Sacrifices Key Proposal to Protect His Path to Victory
Four Children Lost in Colombian Jungle After Plane Crash Are Alive
US Housing Market Is Missing 320,000 Affordable Homes
Jeff Bezos Has Gained $10 on Mystery Purchase of One Amazon Share
Trump Suit Against Niece Over NY Times Story Advances: Judge
Two of Paul Newman’s Daytona Rolexes Sell for More Than $1 Million
Smoky Orange Haze Amplifies Focus on Ventilation
Hedge Funds Meet Their #MeToo Moment
The Next Presidency Hinges on Trump's Court Case
The Netflix Effect Chills Foreign Content Creators
Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy
Will Argentina Ditch the Peso for the Dollar?
Sunak Urged to Publish UK Report on Abuse of LGBTQ Soldiers
Dimon Sought for Fresh Deposition in JPMorgan Epstein Suit
After Lobbying Crush, Biden Set to Boost Biodiesel in Nation’s Fuel
NYC Pays Over $300 a Night for Budget Hotel Rooms for Migrants
Connecticut May Ban Collection Tactic Used in Cash-Advance Loans
Deep Drought Punishes Latin American Clean Water Pioneer
Robinhood Removes 3 Crypto Tokens Following Regulatory Crackdown
Coinbase Suit May Finally Send Crypto Debate to US Supreme Court
A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown
The data don't support the argument that machines are displacing people.
Maths are hard.
Democratic presidential candidate Andrew Yang has brought a number of interesting ideas into the economic debate. Many of these are refreshing, such as his proposal for a universal basic income, his embrace of value-added taxes and his plan for technology company regulation. But on one major point Yang’s ideas are at odds with the available evidence: that automation hurts American workers.
Automation might make workers obsolete in the future. It certainly has displaced many of them since the start of the Industrial Revolution even as overall living standards continued to climb. But the notion that rapid automation is taking jobs in aggregate in the here and now just doesn’t fit the data.