Podcast: An economic dumpster fire

Plus more great articles from Businessweek ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Welcome to the Saturday edition of Businessweek Daily, featuring the Everybody’s Business podcast. Let us know what you think by emailing the editor. If this newsletter was forwarded to you, click here to sign up. Subscribe to Bloomberg.com for unlimited access to all our coverage. It’s been an eventful week for the US economy. Panic in the bond market, government intervention, diesel prices hitting all-time highs and news that the US national debt just hit $40 trillion. Is this moment a bump on the way to a brighter, AI-fueled economic future, or are things starting to come apart? Are flagging jobs and rising oil prices a sign the economy is headed toward the dreaded stagflation? This week on Everybody’s Business from Bloomberg Businessweek, hosts Stacey Vanek Smith and Brad Stone (in for Max Chafkin) take a journey into the history of the economy. First, Stacey and Bloomberg Opinion’s Allison Schrager go on a field trip to the Roosevelt Island tram, a monument to the stagflation of the 1970s. Then Allison, Stacey and Brad discuss bond news, record debt and rising oil prices. Certainly, the economy is looking beleaguered, but are we truly poised to return to a ’70s economy? Next, Businessweek’s Laura Bliss joins to talk about the second installment in her series on landfill fires. The US produces hundreds of millions of tons of garbage a year, and national landfills are overwhelmed and overheating. Toxic fluids and fumes have been filling waterways and the air, causing illness and distress to some of the millions of residents who live near them. A new Businessweek analysis finds that operators and regulators aren’t taking the steps experts say are needed to control the problem. Listen and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. Everybody's Business An Economic Dumpster Fire More Weekend Reads Fueled by gold, gems and rare earths, Myanmar’s civil war has been raging for five years. Businessweek journalists get a rare look inside one of the world’s most troubled and inaccessible nations. (Listen to the story.) How De Beers and the “natural” diamond industry are competing with makers of cheaper, nearly identical synthetic gems. (Listen to the story.) Rising temperatures are threatening some of America’s best fishing destinations. Despite warnings from critics, US drugmakers are hooked on Chinese licensing deals. America’s elders need more places to live, so why are they opposed to building senior housing? (Listen to the story.) What’s behind the Chinese chip industry’s breakout moment? Marketing platform ShopMy isn’t just for influencers. Now regular people are making money on affiliate links. China’s air conditioner makers are cashing in on Europe’s heat waves. Second-quarter sales growth at Target is a sign the retailer is starting to win back shoppers. The sale of the LA Lakers may be the most public sign of the mounting pressures facing Mark Walter and his investment empire. They’ve faced boycotts and vandalism, but New York’s Israeli restaurants are always full. Hungary Prime Minister Peter Magyar is racing to dismantle Viktor Orban’s corrupt regime. Expanding on our global Companies to Watch series, Bloomberg Intelligence analysts take a look at the Asia Pacific region. Video: The Mishal Husain Show Play Alphadots! Our daily word puzzle with a plot twist. Today’s clue: One way to get a company car? Play now! We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Businessweek Daily newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |