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Articles by Bloomberg

Bloomberg

[Conor Sen] How self-driving electric cars will change American road trips
With the long Labor Day weekend upon us, tens of millions of Americans will hit the road in an annual rite. Along the way, drivers will fill up gas tanks, grab a bite to eat, stretch their legs and perhaps stay the night at a motel. Should autonomous, electric vehicles displace traditional automobiles, this roadside economy and ecosystem will be disrupted. How and when remains to be seen.Thanks to the construction of the interstate highway system decades ago, it’s relatively easy and affordable

Viewpoints Sept. 4, 2017
[Christopher Balding] China realizes need for foreign companies
China is increasingly desperate for foreign investment. Yet foreign companies are less and less interested in what it has to offer. How this problem gets resolved may be one of the most important questions facing China’s economy.After China joined the World Trade Organization, in 2000, overseas investors couldn’t wait to jump in. Foreign direct investment grew at an annualized rate of 10.8 percent from 2000 to 2008. Enticed by China’s market size and development capacity, companies were willing

Viewpoints Sept. 3, 2017
[Leonid Bershidsky] Travel barriers are worst of new Cold War
The latest loop in the escalation of US-Russia hostilities is probably the dumbest and the most damaging: The two countries are introducing de facto travel restrictions for each other’s citizens, choking off the friendliest, most human channel of communication between them. It’s the biggest step back into the Cold War era that the two governments have taken yet.The State Department has stopped issuing visas in Yekaterinburg, Vladivostok and St. Petersburg, a response to Russian demands for drast

Viewpoints Sept. 3, 2017
[Faye Flam] Americans are a little too relaxed about nukes
North Korea’s advancing nuclear weapons program isn’t the only news to unnerve arms-control experts this summer. A new survey has revealed that Americans are surprisingly willing to make a first nuclear strike -- and kill millions of civilians abroad.The survey casts doubt on the power of what experts call the “nuclear taboo,” said Stanford University historian David Holloway, author of “Stalin and the Bomb.” The idea, or hope, behind the concept is that it’s not just luck that humans haven’t dr

Viewpoints Sept. 1, 2017
[Michael Schuman] China’s car sector needs a shakeup
China’s SUV specialist Great Wall Motor Co. may, in the end, never get its hands on Fiat Chrysler Automobiles NV’s Jeep division. But expect more and more Chinese automakers to seek out foreign acquisitions. The Chinese government has long dreamed of creating a globally competitive car industry, and having Chinese automakers purchase established companies and brands would seem one obvious way to accomplish its goal.Unless the government rethinks its own industrial policies, however, the strategy

Viewpoints Aug. 31, 2017
[Paul J. Ferraro] Start preparing for the next Hurricane Harvey
My heart goes out to the people who have borne the brunt of Hurricane Harvey and still face continued flooding and a long recovery. As a nation, we need to be better prepared for such catastrophic floods so as to mitigate their widespread damage and loss of life. Harvey’s 50 inches of rain in a few days might be unusual, but extensive flooding with its subsequent property damage and loss of life is not.It’s time to stop using the words “unprecedented” or “one in a pick-your-large-number-year flo

Viewpoints Aug. 31, 2017
[Mihir Sharma] India and China dial back heat
As summer reached the high Himalayas this past June, one corner of the mountains turned hotter than expected. On a small plateau called Doklam, close to where the India-China border meets the tiny kingdom of Bhutan, two of the largest armies in the world faced off against each other. Chinese soldiers, convinced they were on Chinese territory, had brought equipment to extend a road; Indian soldiers, who viewed the land as disputed, blocked the earth movers. For three months, the armies camped jus

Viewpoints Aug. 30, 2017
[Noah Feldman] Police have to protect both people and free speech
When black-clad anti-fascist protesters broke through police barricades Sunday afternoon and swarmed a peaceful rally in Berkeley, California, law enforcement stood aside and let them. City police Chief Andrew Greenwood explained the decision with a rhetorical question: “Does it make sense,” he asked, “to get into a major use of force over a grassy area?”With all due deference to police expertise, things are not that simple. Violent protesters who cross barriers and disrupt peaceful protest are

Viewpoints Aug. 30, 2017
[Mac Margolis] Brazilian politicians dance around reform
“Two steps here, two steps there”: When storied singer Elis Regina purrs the honeyed Brazilian bolero, lovers tingle. When deft politicians take up their familiar two-step, voters know that democracy is in for a hit. So it has been in recent weeks as national lawmakers have finally begun to overhaul Brazil’s discredited political system.It’s about time. With 35 registered political parties -- 28 of them with seats in congress -- Brazil is home to one of the most convoluted and politically fragme

Viewpoints Aug. 29, 2017
[Barry Ritholtz] How to deal with a $759 million lottery jackpot
On Wednesday night, Mavis Wanczyk, a resident of Chicopee, Massachusetts, won the $759 million Powerball jackpot. Her first act was to call in to work to say she wouldn’t be coming in the next day. Or ever again.Before she starts celebrating beating those 292.2 million-to-1 odds, there are a few things Wanczyk needs to consider about her good fortune. If she learns these lessons quickly, then she and her heirs will be much happier and more satisfied with their lives.Lottery winnings are not what

Viewpoints Aug. 29, 2017
[Daniel Moss] US can live up to ideals that draw immigrants
For all the angst about America falling behind China, Dallas Fed Chairman Robert Kaplan offers a powerful and timely reminder of an American competitive advantage. One of the biggest things the US has going for it is immigration. Try making a case for that in, say, China or Japan, and you will quickly run into a brick wall. Japan’s demographic challenges have been well documented. And far from being a bottomless pool of cheap labor, China’s workforce is starting to shrink -- and become more expe

Viewpoints Aug. 28, 2017
[Nathaniel Bullard, Miho Kurosaki] Japan’s power players are multiplying
For decades in Japan, the world’s fourth-largest electricity market, just 10 utilities met the country’s power demand. Today these “vertically integrated regional utilities” -- each one owns its own construction firms and even equipment manufacturers -- face significant and growing competition.A bit of context: Power demand from Japan’s 10 big utilities peaked a decade ago, as it did in the US and many other developed markets. Today’s demand is down 15 percent from 2007.Part of that decline is d

Viewpoints Aug. 28, 2017
[Francis Wilkinson] What France knows about Robert E. Lee
Symbolic struggles over the Confederacy are uniquely American. But fierce battles over public spaces and monuments, and the values they elevate and enshrine, are not.“The French have their own versions of these battles,” said Peter Brooks, a professor of literature who has taught at Yale and Princeton. In such battles for cultural and political supremacy, history is a weapon. And in France, there is plenty of history to fight over.Like the American chasm opened between the Confederacy and the eg

Viewpoints Aug. 28, 2017
[Tom Orlik] China’s future, reshaped by robots
Speak to China experts these days and you typically get one of two contrasting views on its outlook. The prevailing wisdom is that an unreformed state industrial sector and rising debt mean it is on an unsustainable path, with a financial crisis on the not too distant horizon. The optimists acknowledge that debt is too high, but hold out hope that a growing services sector will fuel stronger consumption, reducing the need for credit-fueled investment and putting the economy on a sustainable path

Viewpoints Aug. 27, 2017
[Noah Smith] Economics has a sexism problem
This past weekend, the economics world was roiled by a controversy over sexism in the profession. A new paper by an undergraduate econ major revealed that an anonymous online forum called Economics Job Market Rumors is a hostile environment for women.The paper, by Alice Wu of the University of California-Berkeley, was a clever one. First it used text mining to identify which forum posts talked about women and which talked about men. Then, using cutting-edge statistical techniques, it found which

Viewpoints Aug. 27, 2017

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