The mysterious WhatsApp message arrived one night in August 2022, while I was out at a bar with a friend: “Hi David, I’m Vicky Ho don’t you remember me?” This was strange. My name isn’t David, and I didn’t know anyone named Vicky. But I’d been getting a lot of seemingly misdirected messages on my … Read more
Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up. Pacha, the nightlife juggernaut often credited with kick-starting Ibiza’s … Read more
Almost nobody talks about digital dollars anymore. Just a couple of years ago, as cryptocurrency was peaking and China was experimenting with a virtual version of the yuan, Washington was abuzz with the idea that the Federal Reserve could create America’s own digital currency. Enthusiasm faded as people began to hash out the details. Although … Read more
In 2019, while working as a senior economist at the Federal Reserve, Claudia Sahm published a measure to show when the US has fallen into a recession. What came to be known as the Sahm Rule is elegant in its simplicity and has been praised for its accuracy by the likes of Nobel laureate Paul … Read more
One day last October, as chants of “Kale yeah, kale yeah!” and “Power to the parsnips!” echoed throughout a Connecticut campground, 100 or so Daily Harvest employees were indulging in some months-delayed corporate bonding. They were at Harfest, the vegan meal startup’s two-day retreat, where, along with talking business and playing games, there was a … Read more
My wife, Sigrid, and I are ardent road trippers. But over the years, we’ve often talked about seeing the world more slowly, ditching highways for cross-country footpaths such as the Transcaucasian Trail in Georgia or England’s Coast to Coast Walk. We’re more realists than romantics, though, so we always punted the idea. Who could predict … Read more