Articles by Bloomberg
We found 38 results.
Musk Takes Twitter Helm, Enacts Sweeping Change as Deal Closes
Katie Roof, Ed Hammond and Kurt Wagner | Bloomberg - TRANSCEND Media Service,
31 Oct 2022
28 Oct 2022 – Elon Musk wasted no time taking complete control of Twitter Inc. The billionaire appointed himself chief executive officer, dismissed senior management and immediately began reshaping strategy at one of the world’s most influential social media platforms as his $44 billion take-private deal closed.
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Donald Trump Tests Positive for COVID-19
Justin Sink | Bloomberg - TRANSCEND Media Service,
5 Oct 2020
2 Oct 2020 – Donald Trump’s Covid-19 diagnosis has dramatically altered the closing weeks of the U.S. presidential campaign, with the president now facing not only an unprecedented health challenge but also logistical and staffing chaos about a month before Election Day.
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Gas Companies Are Abandoning Their Wells, Leaving Them to Leak Methane Forever
Mya Frazier | Bloomberg - TRANSCEND Media Service,
21 Sep 2020
17 Sep 2020 – Gas wells never really die. Just one orphaned site in California could have emitted more than 30 tons of methane. There are millions more like it.
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Oil Plunges below Zero for First Time in Unprecedented Wipeout
Catherine Ngai, Olivia Raimonde and Alex Longley | Bloomberg - TRANSCEND Media Service,
27 Apr 2020
20 Apr 2020 – Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than today’s collapse in a key segment of U.S. oil trading:
* U.S. crude trades at lowest level in data going back to 1946.
* Crude in U.S. trades more than $40 below zero at lowest level.
2019 Bloomberg Billionaires Index [Absent: Mike Bloomberg]
Bloomberg – TRANSCEND Media Service,
30 Dec 2019
29 Dec 2019 – View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. [From TMS Editor: Does anyone know why Mike Bloomberg is not in his own list? According to Forbes he ranks #20 with US$ 22 billion.]
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Climate Changed: The U.S. Military Has Spewed $21 Billion in Emissions since 9/11
David R Baker | Bloomberg – TRANSCEND Media Service,
22 Jul 2019
American armed forces–with a globe-spanning array of bases, warships, planes and land vehicles–are the world’s largest institutional emitter of greenhouse gases, topping countries including Sweden and Denmark, according to the study from Brown University’s Costs of War project.
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Bloomberg Billionaires Index
Bloomberg News – TRANSCEND Media Service,
25 Mar 2019
As of March 25, 2019: The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.
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What Is Behind Amnesty’s Burmese Military-Friendly Report?
Shafiur Rahman | Bloomberg, Quint – TRANSCEND Media Service,
28 May 2018
25 May 2018 – Maung Zarni, a Buddhist and a leading advocate of the Rohingya cause, was concerned about how the interviews were conducted and which authorities acted as gatekeeper. “Who selected the victims in Sittwe, Rakhine for their researchers? Who arranged the interviews (bringing Hindu victims from the highly restricted Northern Rakhine to Sittwe, central Rakhine)? Who gave Amnesty International travel permission to visit Rakhine?”
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The U.S. Army Is Turning to Robot Soldiers
Justin Bachman | Bloomberg – TRANSCEND Media Service,
21 May 2018
18 May 2018 – From the spears hurled by Romans to the missiles launched by fighter pilots, the weapons humans use to kill each other have always been subject to improvement. Right now, robots are used for reconnaissance and explosives. Soon, they’ll be on the battlefield alongside troops. Then comes the hard part.
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How Facebook’s Political Unit Enables the Dark Art of Digital Propaganda
Lauren Etter, Vernon Silver and Sarah Frier |Bloomberg – TRANSCEND Media Service,
1 Jan 2018
21 Dec 2017 – Zuckerberg’s social network is a politically agnostic tool for its more than 2 billion users, he has said. What he hasn’t said is that his company actively works with political parties and leaders including those who use the platform to stifle opposition with the aid of “troll armies” that spread misinformation and extremist ideologies.
→ read full articleNestlé Makes Billions Bottling Water It Pays Nearly Nothing For
Caroline Winter | Bloomberg – TRANSCEND Media Service,
25 Sep 2017
21 Sep 2017 – In rural Mecosta County, Mich., sits a near-windowless facility with a footprint about the size of Buckingham Palace. It’s just one of Nestlé’s roughly 100 bottled water factories in 34 countries around the world. The company’s operation reveals how it’s dominated the industry by going into economically depressed areas with lax water laws.
→ read full articleThe Tiny Satellites Ushering in the New Space Revolution
Ashlee Vance | Bloomberg – TRANSCEND Media Service,
24 Jul 2017
Planet Labs and other companies are sending hundreds of low-cost satellites into orbit. We’re only beginning to understand how that will change life on Earth.
→ read full articleHeroin, Nazis, and Agent Orange: Inside the $66 Billion Merger of the Year
Lydia Mulvany | Bloomberg – TRANSCEND Media Service,
26 Sep 2016
These companies used to sell heroin and Agent Orange. Now, they want to form the world’s largest supplier of seeds and pesticides.
→ read full articleThis Company Has Built a Profile on Every American Adult
David Gauvey Herbert | Bloomberg – TRANSCEND Media Service,
8 Aug 2016
Every move you make. Every click you take. Every game you play. Every place you stay. They’ll be watching you. The bottom line: IDI’s marketing databases may help PIs predict people’s moves or digitally peek into their cars or medicine cabinets.
→ read full articleIs It an Island Or a Rock? Ruling Could Cost U.S. a Huge Swath of Ocean
Peter Coy | Bloomberg – TRANSCEND Media Service,
1 Aug 2016
A Chinese dispute has a ripple effect on exclusive economic zones around the world. The bottom line: An arbitration panel’s definition of what an island is could undermine nations’ claims of economic zones around rock outcroppings.
→ read full articleHow Big Pharma Uses Charity Programs to Cover for Drug Price Hikes
Benjamin Elgin and Robert Langreth | Bloomberg – TRANSCEND Media Service,
23 May 2016
A billion-dollar system in which charitable giving is profitable.
→ read full articleRockefellers Dump Exxon Holdings That Made Family’s Fortune
Joe Carroll, Bloomberg - TRANSCEND Media Service,
28 Mar 2016
* Rockefeller Family Fund plans to divest all fossil fuel stocks
* Descendants of founder call company `morally reprehensible’
The Five Key Decisions Made in the UN Climate Deal in Paris
Ewa Krukowska and Alex Morales - Bloomberg,
14 Dec 2015
12 Dec 2015 – Envoys to the United Nations climate talks handed down a 31-page document on Saturday [12 Dec] outlining their boldest steps yet to rein in global warming. Here are the key points of the text, along with comment on why the decisions made in Paris matter.
• Envoys set goal to cap temperature rise below 2 degrees C
• Climate finance for poor nations to be scaled up by 2025
Eight Lessons from the Climate Disaster and Why Paris Worked
Alex Morales - Bloomberg,
14 Dec 2015
13 Dec 2015 – It took years of careful planning by the United Nations and the 195 countries involved to reach the historic deal on climate change agreed in Paris on Saturday [12 Dec].
• Envoys from 195 nations labored six years on global accord
• Mouton Cadet wines, Venezuela critic helped the process
Climate Deal Requires $16.5 Trillion Investment to Cut Pollution
Alex Morales and Ewa Krukowska - Bloomberg,
14 Dec 2015
13 Dec 2015 – The deal struck at United Nations climate talks requires an overhaul of historic proportions for energy policies worldwide and a huge investment in cleaning up the pollution now damaging the Earth’s atmosphere.
• UN deal in Paris would require much deeper fossil fuel cuts
• Envoys from 187 nations submit action plans to cut emissions
Unearthing America’s Deep Network of Climate Change Deniers
Eric Roston - Bloomberg,
7 Dec 2015
A new study attempts the first tally of those driving the peculiarly American strain of climate change denial.
→ read full articleEight Years in the Making: Power without Borders in Europe
Rachel Morison and Weixin Zha – Bloomberg,
25 May 2015
Germany, France and central-western Europe connected their electricity markets on Wednesday [20 May 2015] under a system that lets prices dictate where power flows between countries. Flow-based market coupling matches supply and demand across borders, sending electricity to where prices are highest.
→ read full articleMacedonia, the New U.S.-Russia Battlefield
Leonid Bershidsky - Bloomberg,
25 May 2015
19 May 2015 – Macedonia is a poor, landlocked Balkan country of about 2 million. To the Kremlin, it’s also the newest front in an ideological battle, with the U.S. fomenting regime change to counter Russia’s influence.
→ read full articleFighting Disease, Not Terrorism, Will Save More Lives in 2015
Charles Kenny – Bloomberg Business Week,
12 Jan 2015
The National Consortium for the Study of Terrorism & Responses to Terrorism reported 11,000 killed by terror worldwide in 2012 compared with around 4,000 in 2000. The definition of a “terror attack” is endlessly debatable, but let’s take those numbers at face value and compare them with other violent deaths.
→ read full articleChina Steps In as World’s New Bank
William Pesek – Bloomberg View,
29 Dec 2014
Beijing’s move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America’s linchpin role in the global economy and Japan’s influence in Asia.
→ read full articleWhy Obama’s Courtship of Myanmar Backfired
Josh Kurlantzick - Bloomberg,
10 Nov 2014
On Nov. 11, 2014 President Obama will travel to Myanmar for the ninth East Asia Summit, a meeting of leaders from across the Pacific Rim. It will be the president’s second trip to a country that, for decades, was seen as a pariah in Washington, run by a brutal and xenophobic military regime that gunned down protestors in the streets and jailed opposition leader Aung San Suu Kyi.
→ read full articleSyria-to-Ukraine Wars Send U.S. Defense Stocks to Records
Richard Clough, Bloomberg – TRANSCEND Media Service,
13 Oct 2014
Led by Lockheed Martin Corp. the biggest U.S. defense companies are trading at record prices as shareholders reap rewards from escalating military conflicts around the world. Investors see rising sales for makers of missiles, drones and other weapons as the U.S. hits Islamic State fighters in Syria and Iraq.
→ read full articleRussia Sanctions Accelerate Risk to Dollar Dominance
Rachel Evans - Bloomberg,
11 Aug 2014
U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis. The greenback’s share of global reserves has already shrunk to under 61 percent from more than 72 percent in 2001.
→ read full articleFukushima Toxic Waste Swells as Japan Marks March 11 Disaster: 2 Years
Jason Clenfield, Bloomberg – TRANSCEND Media Service,
11 Mar 2013
Every morning, 3,000 cleanup workers at Fukushima don hooded hazard suits, air-filtered face masks and multiple glove layers. Most of the gear is radioactive waste by day’s end. Multiply it by 730 days since the tsunami two years ago and the trash could fill six Olympic swimming pools. Contaminated clothing represents just a fraction of the waste in a cleanup that may take four decades.
→ read full articleNet Worth of World’s Richest Rose by $241B In 2012
Bloomberg News – Chicago Tribune,
7 Jan 2013
The richest people on the planet got richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.
→ read full articleFighting Recession the Icelandic Way
The Editors, Bloomberg – TRANSCEND Media Service,
3 Dec 2012
Few countries blew up more spectacularly than Iceland in the 2008 financial crisis. Stock market plunged 90 percent; unemployment rose ninefold; inflation shot to more than 18 percent; the country’s biggest banks all failed. Today, Iceland has repaid IMF rescue loans ahead of schedule, growth this year will be about 2.5 percent, better than most developed economies. Unemployment has fallen by half. In February, Fitch Ratings restored the country’s investment-grade status, approvingly citing its “unorthodox crisis policy response.” Iceland’s approach was the polar opposite of the U.S. and Europe, which rescued their banks and did little to aid indebted homeowners.
→ read full articleHunger Stalks My Father’s India Long after Starvation End
Mehul Srivastava – Bloomberg Businessweek,
5 Nov 2012
It was 1958, my father was still a child, and India was running out of food…
→ read full articleDo Business Schools Incubate Criminals?
Luigi Zingales, Bloomberg – TRANSCEND Media Service,
23 Jul 2012
The recent scandals at Barclays Plc, JPMorgan Chase & Co., Goldman Sachs Group Inc. and other banks might give the impression that the financial sector has some serious morality problems. Unfortunately, it’s worse than that: We are dealing with a drop in ethical standards throughout the business world, and our graduate schools are partly to blame.
→ read full articleGoldman Stunned by Op-Ed Loses $2.2 Billion for Shareholders
Christine Harper, Bloomberg News – San Francisco Chronicle,
19 Mar 2012
Goldman Sachs Group Inc. saw $2.15 billion of its market value wiped out after an employee assailed Chief Executive Officer Lloyd C. Blankfein’s management and the firm’s treatment of clients, sparking debate across Wall Street. The shares dropped 3.4 percent in New York trading yesterday [14 Mar 2012], the third-biggest decline in the 81-company Standard & Poor’s 500 Financials Index, after London-based Greg Smith made the accusations in a New York Times op-ed piece.
→ read full articleIcelandic Anger Brings Debt Forgiveness in Best Recovery Story
Omar R. Valdimarsson - Bloomberg,
27 Feb 2012
Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association. “You could safely say that Iceland holds the world record in household debt relief,” said Lars Christensen, chief emerging markets economist at Danske Bank A/S in Copenhagen. “Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that.”
→ read full articleU.S. ‘Not Encouraged’ by India, South Africa, Brazil at UN
Nicole Gaouette - Bloomberg,
19 Sep 2011
Splits between the so-called IBSA group of countries and the U.S. arose as protest movements swept the Middle East. India and Brazil, along with Russia, China and Germany, abstained from a UN resolution that formed the legal basis for military intervention in Libya.
→ read full articleIceland Shows Ireland Did ‘Wrong Things’ Saving Banks
Yalman Onaran - Bloomberg,
7 Feb 2011
Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country’s banks.
→ read full articleUN Atomic Agency Curtails Probe of Israel’s Nuclear Capability
Jonathan Tirone – Bloomberg,
13 Sep 2010
United Nations investigators, ordered to write a report about Israel’s atomic capabilities, said they couldn’t compile enough information to assess the extent of the country’s nuclear program…. Countries including Canada, the U.K. and U.S. opposed the probe, saying that the inquiry risked turning the IAEA into a political battleground, according to the documents. Others, including China, Saudi Arabia, South Africa and Turkey, supported the investigation…. Israel has refused to open its nuclear facility in Dimona to UN inspectors. It says the site is a research facility.
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