Bill Gates Stood On Stage With A Jar Of Human Poop For A Very Important Reason

When Bill Gates stands on stage with a jar of human poop, you know you better listen up. Bills Gates – founder of Microsoft, billionaire philanthropist, and lovable nerd – spoke at the Reinvented Toilet Expo in Beijing on Tuesday to showcase a range of poop-related inventions in the hopes of sparking a “toilet…

Continue reading

VCs say Silicon Valley isnt the gold mine it used to be

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel,…

Continue reading

RIP, American Empire: Weekend Edition

  RIP. soundtrack to “Sorry to Bother You” by The Coup (explicit lyrics ahoy). This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the ten most popular stories Bloomberg Opinion published this week, based on web readership, with some other stuff thrown in. New subscribers to the…

Continue reading

Yuan Gains After PBOC Move, Asian Stocks Climb: Markets Wrap

The yuan extended gains following a rally triggered by a surprise China central bank move to make it more expensive to bet against the currency. Asian stocks advanced Monday as the earnings seasons rolls on. The offshore yuan built on gains from Friday when the People’s Bank of China announced…

Continue reading

VietnamFeelsthe Ripples of the Yuan Rout

Think the latest yuan rout is over? Tell that to Vietnam. The slide in China’s currency paused this week after jawboning by the central bank, which told commercial lenders it has the tools to stabilize the market and urged them to avoid “herd behavior,” Bloomberg News reported Tuesday. But the ripples of…

Continue reading

Trump Is Right: China Should Stop Stealing the U.S.’s Best Ideas

Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it inhouse. It can partner with a university research lab to create it.…

Continue reading

Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

Continue reading

China Begins to Question Whether Its Ready for a Trade War

Xi Jinping vowed to match fell below forecasts last month and economists warnings about a repeat of the market’s collapse in 2015, the last time China saw such open criticism of economic policymakers. “People are going to look back at this year as the pivot point when Xi Jinping overreached…

Continue reading

Millionaires Now Control Half of the World’s Personal Wealth

The rich are getting a lot richer and doing so a lot faster. Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a Source: Boston Consulting Group Last year’s…

Continue reading

The $1.4 Trillion U.S. Surplus That Trumps Not Talking About

The U.S. has a surplus of $20 billion with China and $1.4 trillion with the rest of the world. That’s not a normal trade balance, of course, where the U.S. registered an annual deficit of more than $330 billion with China and about $550 billion 2016, 2017 data not available…

Continue reading

This Stock’s 9,500% Rally Created a Town of Millionaires

At most big companies, it’s pretty clear who the millionaires are: top executives, rainmakers, science whizzes with PhDs. But at China’s Bloomberg. The previously unreported value of their holdings has ballooned as Sunny Optical’s shares surged more than 9,500 percent since June 2008, trouncing even Netflix Inc.’s 7,500 percent gain.…

Continue reading

Trumps Tariffs Could Weaken the GOPs Grip on Congress

trade war with China. In early April, responding to Trump’s proposed $50 billion in tariffs on Chinese goods, China announced or implemented retaliatory levies on roughly $50 billion in U.S. exports, including wheat, corn, cotton, sorghum, tobacco, and soybeans—a direct strike at the deep-red, Trump-friendly heartland. turned around mid-sea. China…

Continue reading

Duterte to Permanently Ban Sending Workers to Kuwait

Philippine leader tells citizens in Kuwait to come home China, Japan welcome Philippine citizens, Duterte says smuggling domestic workers, state-run Kuwait News Agency reported, citing its foreign ministry. Patriotic Appeal Filipino household service workers should come home, and the government plans to immediately bring back about 700 people who are…

Continue reading

Someone Challenged This Chinese Blogger To Transform Herself Into Mona Lisa They Werent Expecting This

Ms. He, 26, posts her work on her Miaopai video channel, and recent uploads of her transforming her face into masterpieces by Leonardo De Vinci, Mona Lisa in particular, have proved a massive hit. She has gone massively viral on Chinese social media, with her video being viewed more than…

Continue reading

Two Koreas Agree to End War This Year, Pursue Denuclearization

Kim Jong Un, Moon Jae-in announce deal after historic summit Statement provides no clear path to dismantling Kim’s arsenal historic meeting on their militarized border, the first time a North Korean leader set foot on the southern side. They announced plans to replace the 1953 armistice that ended hostilities with…

Continue reading

This Billionaire Has Put Half His Net Worth Into Gold

Egypt’s Sawiris has put half his entire net worth into gold He’s been waiting 10 years for North Korea stakes to pay off meeting with North Korean Leader Kim Jong Un: Don’t bully him, and promise prosperity in exchange for concessions on nuclear. A successful meeting between Kim and South…

Continue reading