FEATURES Life As a Hacker for North Korea They Work Endless Hours For

Total Page：16

File Type：pdf, Size：1020Kb

FEATURES Life As a Hacker for North Korea They Work Endless Hours For

◼ CONTENTS Bloomberg Businessweek February 12, 2018 How to Contact PURSUITS Bloomberg FEATURES Businessweek Editorial 212 617-8120 Ad Sales 59 In fashion, 212 617-2900 42 Life as a hacker for 731 Lexington Ave., everything old is New York, NY 10022 Email North Korea new again bwreader @bloomberg.net Fax 212 617-9065 Subscription Customer Service URL businessweekmag .com/service Reprints/Permissions 800 290-5460 x100 62 Let us help you or email businessweekreprints spend your bonus @theygsgroup.com Letters to the Editor 64 Paris is better can be sent by email, than ever fax, or regular mail. They should include the sender’s address, 66 Critic: The Tate’s phone number(s), and email address if landmark “Art in the available. Connections Age of Black Power” with the subject of the letter should be comes to Arkansas disclosed. We reserve the right to edit for 67 The One: sense, style, and space. 4 Bottega Veneta’s Follow us on Manhattan tote social media Facebook facebook.com/ 68 Game Changer: bloomberg Investor Vijay Pande businessweek/ Twitter believes machine @BW learning can cure Instagram @bloomberg cancer businessweek 48 They work endless hours 59 “They find for pitiful pay. And they have nothing your old age in their hands wrong with recycling clothing. Buying used 54 Can Robinhood get the does not kids who occupied Wall have a stigma Street to invest in it? whatsoever” Bloomberg Businessweek (USPS 080 900) February 12, 2018 (ISSN 0007-7135) A Issue no. 4558 Published weekly, except one week in January, February, April, June, July, September, Cover: and December, by Bloomberg L.P. Periodicals postage paid at New York, N.Y., and at additional mailing offices. Executive, Editorial, Circulation, and Advertising Offices: Bloomberg Illustration by Simon Businessweek, 731 Lexington Avenue, New York, NY 10022. POSTMASTER: Send address changes to Bloomberg Businessweek, P.O. Box 7238, Domestic Airport Post Office, Pasay Prades City, 1300 Metro Manila, Philippines. [email protected] QST#1008327064. Registered for GST as Bloomberg L.P. GST #12829 9898 RT0001. Copyright 2018 Bloomberg L.P. All rights reserved. Title registered in the U.S. Patent Office. Single Copy Sales: Call 800 298-9867 or e-mail: [email protected]. Educational Permissions: Copyright Clearance Center at [email protected]. Printed at Times Printers Singapore. CPPAP NUMBER 0414N68830. MCI (P) 806/12/2017. KDN Number: PPS1893/04/2017(025631) ROVER LAND COURTESY ROVER: LAND BUSINESSWEEK. BLOOMBERG FOR CARUCCI ELINOR CARE: HOME.

Copy Link

Recommended publications

Full Paper on Urban Manufacturing
The Federal Role in Supporting Urban Manufacturing Nisha Mistry Consultant Joan Byron Pratt Center for Community Development April 2011 About the Authors Nisha Mistry ([email protected]) is an attorney and consultant. Her work focuses on urban and metropolitan planning and land use, economic development, and workforce housing. Recent research has included analyses of policies and regulations concerning urban density, adaptive reuse and preservation, and land banking. She holds an M.S. in City Design and Social Science from the London School of Economics, where she received a Graduate Merit Award, a J.D. from Northeastern University School of Law, and a B.A. in Political Science from Barnard College. Joan Byron is director of policy for the Pratt Center for Community Development. The Pratt Center makes the skills of architects, planners, and policy professionals available to community‐ based organizations struggling to address issues of environmental, economic, and social justice. She leads the Center’s efforts to challenge policies that unfairly burden low‐income communities and to advance projects that more fairly distribute environmental goods. Her recent projects include advocacy for Bus Rapid Transit in New York City (with COMMUTE!— Communities United for Transportation Equity), and the Southern Bronx River Watershed Alliance’s campaign to remove the Sheridan Expressway and redevelop its 28‐acre footprint for affordable housing, community facilities, and open space. In 2009, she received the NYU Rudin Center’s annual award for Civic Leadership in Transportation. Joan is a registered architect, and served as the Pratt Center’s architectural director from 1989 through 2003. She has taught in Pratt Institute’s undergraduate architecture program and in its Graduate Center for Planning and the Environment.
[Show full text]
2020 Impact Report 2 Contents Approach Reducing Our Emissions Supporting Climate Action Investing in Our People Driving Social Change
Contents Approach Reducing our emissions Supporting climate action Investing in our people Driving social change Approach Message from Mike 03 About this report 04 About Bloomberg L.P. 05 Governance 06 Stakeholder engagement 07 Risk management 08 Climate scenario analysis 10 Materiality assessment 14 Sustainability strategy 16 COVID-19 spotlight The business of resilience 18 Environmental impact Reducing our emissions 21 Supporting climate action 30 Social impact Investing in our people 44 Driving social change 51 2020 Impact Report 2 Contents Approach Reducing our emissions Supporting climate action Investing in our people Driving social change Message from Mike. Despite the enormous challenges of the COVID-19 pandemic, the world is well-positioned to take great steps forward in the fight against climate change. Governments are eager to respond to the fallout from the pandemic in ways that Our company has increased the environmental, social and governance (ESG) data make their economies stronger, more sustainable and more resilient. Business leaders and research we provide, and we have also introduced products to help clients better recognize the risks they face and understand that the same steps that cut carbon assess climate-related risks and opportunities, including new sustainability scores. emissions also help to spur growth and promote stability. The public wants power In 2020, we launched Bloomberg Green, the world’s definitive news source sources that won’t poison the air they breathe. And markets increasingly favor clean dedicated to the business, science and technology of climate change. energy over fossil fuels as the cost of renewable power continues to drop. Virtually all of our company’s profits go to fund the work of Bloomberg Philanthropies The year ahead can set the stage for a decade of transformational change — but only and, in 2020, our foundation expanded our efforts to drive action on climate change.
[Show full text]
For Immediate Release Ceg Media Contacts Bnef Media
FOR IMMEDIATE RELEASE June 21, 2010 CEG MEDIA CONTACTS Ken Locklin Lewis Milford Clean Energy Group Clean Energy Group C 703-476-1561 P 802-223-2554 [email protected] C 802-238-4023 [email protected] BNEF MEDIA CONTACT Jill Goodkind Bloomberg LP +1 212 617 3669 [email protected] SHEPHERDING CLEAN ENERGY PROJECTS THROUGH THE “VALLEY OF DEATH” Washington, June 21, 2010—A new report issued by Clean Energy Group (CEG) and Bloomberg New Energy Finance (BNEF) undertakes a much-needed evaluation of current gaps in clean energy financing, offering recommendations to address the so-called commercialization “Valley of Death” financing shortfall that occurs before a clean energy technology can achieve commercial viability. The findings, based on analysis of interviews with more than five dozen industry thought-leaders and underlined with quantitative research from Bloomberg New Energy Finance’s Intelligence database, are contained in the white paper “Crossing the Valley of Death: Solutions to the next generation clean energy project financing gap.” Clean Energy Group, with the support of The Annenberg Foundation, commissioned Bloomberg New Energy Finance to join in the study, which examines the shortage of capital for clean energy technologies that require extensive and expensive field-testing before being deployed. Clean Energy Group and Bloomberg New Energy Finance conducted over 60 open-ended interviews with technologists, entrepreneurs, project developers, venture capitalists, institutional investors, bankers and policymakers from 10 countries across the globe to provide solutions on how to address the “Valley of Death” phenomenon. Ken Locklin, Clean Energy Group’s director of finance and investment, said, “This study presents some exciting new approaches to overcome this Valley of Death financing challenge that we should explore further.
[Show full text]
Kenneth Gillingham
Kenneth Gillingham Yale University Phone: (203) 436-5465 School of the Environment Fax: (203) 436-9135 195 Prospect Street Email: [email protected] New Haven, CT 06511, USA Homepage: www.yale.edu/gillingham Current Appointments Yale University, Professor of Economics, July 2021-present School of the Environment Secondary appointment, School of Management Secondary appointment, Department of Economics National Bureau of Economic Research, Faculty Research Fellow, May 2015-present Review of Economics & Statistics, Associate Editor, February 2021-present RWI Research Network, Research Fellow, October 2016-present CESIfo Research Network, Afﬁliate, April 2017-present Research Interests Environmental & Energy Economics, Industrial Organization, Public Economics, Empirical Methods, Technological Change, Transportation Economics, Energy & Climate Policy Modeling. Education Stanford University, Ph.D., Management Science & Engineering, minor in Economics, 2011 Fields: Public & Environmental Economics, Industrial Organization, Econometrics Stanford University, M.S., Statistics, 2010 Stanford University, M.S., Management Science & Engineering (Economics & Finance), 2006 Dartmouth College, A.B., Economics and Environmental Studies, minor in Earth Sciences, 2002 Previous Appointments Yale University, Associate Professor (without tenure), 2017-2021 UC Berkeley Energy Institute at Haas, Visiting Scholar, Feb 2018 Stanford University Economics Department, Visiting Scholar, Jan 2018 Yale University, Assistant Professor, 2011-2017 White House
[Show full text]
The Swiss Technical a N a L Y S I S J O U R N a L
THE SWISS TECHNICAL A N A L Y S I S JOURNAL HerbstWinter Autunnoinverno Automnehiver AutumnWinter 2013 The Swiss Association of Market Technicians GENÈVE • LuGano • ZÜRICH Brian Jannsen Photography • Winter 013 • The Swiss Technical Analysis Journal l Zürich Willkommen Benvenuto Bienvenue Welcome l Genève l Lugano From the President’s Desk Dear SAMT members & industry colleagues, The first two debut editions of thisSA MT Journal proved to be a real success, with a record of over 5,000 readers following us from around the world. We look forward to developing future publications of this unique SAMT Journal which is significantly growing in popularity both locally and internationally. All three tri-lingual regional chapters of the SAMT have been very active with regards to technical analysis events in the last few months and the team shall continue with this positive momentum. The main event hosted during lastO ctober was the IFTA conference in San Francisco, California USA. At this yearly event there were a wealth of market experts and many new developments in technical analysis. This ranged from new technical oscillators to other innovative mathematical calculations. The IFTA event has proven to be very helpful in the past and I am confident it will also be in the future. It is fundamental I hope everyone who had the chance to participate at this unique global to read technical industry event had a good time and gained real value from learning some new analysis: Join technical techniques and ideas. over 5,000 SAMT Finally, I also wish to congratulate everyone who has recently passed their colleagues locally professional CFTe diploma exams, notably Muneera Al Dossary, at Saudi and around the Fransi Capital in the Kingdom of Saudi Arabia that had traveled to Geneva to train with our SAMT immersion course instructors.
[Show full text]
Download the Full Article
BESPOKE BANKRUPTCY Laura N. Coordes* Abstract The U.S. Bankruptcy Code is the primary source of bankruptcy relief for debtors in the United States. But it is not the only source. Over the years, Congress has occasionally created bespoke bankruptcy— customized debt relief designed for a particular group of debtors. Bespoke bankruptcy may provide desperately needed bankruptcy relief to entities that are ineligible or otherwise unable to access bankruptcy through the Bankruptcy Code. But bespoke bankruptcy is also fraught with difficulties. To what extent should bespoke bankruptcy be used or developed instead of the Bankruptcy Code? This Article takes up this question. It begins by acknowledging the limitations of the Bankruptcy Code and highlighting instances where Code-based bankruptcy relief does not work. It then introduces the concept of bespoke bankruptcy and devises a framework that policymakers can use to decide when and how to implement it. In so doing, this Article sets the stage for a new direction in bankruptcy law: one where bespoke bankruptcy performs a limited, but critical, role in providing relief to entities that the Bankruptcy Code either does not or cannot assist. INTRODUCTION ..................................................................................... 360 I. CODE-BASED BANKRUPTCY: THE STANDARD TEMPLATE ...... 365 A. Bankruptcy’s Core Characteristics ................................ 365 B. Code-Based Bankruptcy and Its Limitations .................. 368 II. THE BANKRUPTCY MISFIT PROBLEM .....................................
[Show full text]
Cashing in on Our Homes Billionaire Landlords Profit As Millions Face Eviction
Cashing in on Our Homes Billionaire Landlords Profit as Millions Face Eviction MARCH 2021 CASHING IN ON OUR HOMES Cashing in on Our Homes Billionaire Landlords Profit as Millions Face Eviction MARCH 2021 This report was produced by Bargaining for the Common Good, the Institute for Policy Studies, and Ameri- cans for Financial Reform Education Fund. Published in partnership with Inquilinxs Unidxs por Justicia/Renters United for Justice, Alliance of Californians for Community Empowerment, New York Communities for Change, Jobs with Justice, Housing Rights Com- mittee of San Francisco, MH Action, KC Tenants, Homes Guarantee campaign at People’s Action, United for Respect (UFR), Make the Road New Jersey, and Action Center on Race and the Economy (ACRE) Lead Authors/Researchers: Sara Myklebust, Bargaining for the Common Good; Patrick Woodall, Americans for Financial Reform Education Fund; Oscar Valdés Viera, Americans for Financial Reform Education Fund; Omar Ocampo, Institute for Policy Studies; Jonathan Heller, United for Respect; Chuck Collins, Institute for Policy Studies; Joe Fitzgerald, Institute for Policy Studies Acknowledgements We want to thank the following organizers, who served as readers for this report: Chloe Jackson, Inquilinxs Unidxs por Justicia/Renters United for Justice Shakiya Canty, Mariane Leon and Ms. Tynnetta Edens, One PA Sofia Lopez, Action Center on Race and the Economy (ACRE) René Christian Moya, Alliance of Californians for Community Empowerment (ACCE) The authors want to recognize and thank Unidad Latina en Acción, One PA, Colorado JwJ, California Calls and Meena Morar for their help and support in making this report possible. Thanks to the tenants who were willing to be interviewed for this report: Arianna Anderson and Shanika Henderson.
[Show full text]
Benchmark Manipulation Andrew Verstein Wake Forest University School of Law, [email protected]
Boston College Law Review Volume 56 | Issue 1 Article 6 1-30-2015 Benchmark Manipulation Andrew Verstein Wake Forest University School of Law, [email protected] Follow this and additional works at: http://lawdigitalcommons.bc.edu/bclr Part of the Administrative Law Commons, and the Banking and Finance Law Commons Recommended Citation Andrew Verstein, Benchmark Manipulation, 56 B.C.L. Rev. 215 (2015), http://lawdigitalcommons.bc.edu/bclr/vol56/iss1/6 This Article is brought to you for free and open access by the Law Journals at Digital Commons @ Boston College Law School. It has been accepted for inclusion in Boston College Law Review by an authorized editor of Digital Commons @ Boston College Law School. For more information, please contact [email protected]. BENCHMARK MANIPULATION ANDREW VERSTEIN* Abstract: Substantial scholarship has questioned whether market manipulation is impossible and regulation unnecessary. This Article challenges orthodox un- derstandings of manipulation, showing that they reflect an obsolete view of mar- kets. While manipulation skeptics discuss prices, markets focus on benchmarks of price—and so do the manipulators who prey upon them. Benchmarks such as LIBOR or the S&P 500 summarize market prices and they have become essential to contemporary markets. They are written directly into industrial contracts, fi- nancial derivatives, statutes, and regulations, and so their accuracy affects the economy every bit as much as the prices themselves. They are also are much eas- ier to manipulate than underlying prices, because such benchmarks are typically derived from only a small slice of the market. For example benchmarks of ex- change rates—the price of Euros and Yen—reflect only trade prices in a single venue, during a two-minute period of trading.
[Show full text]
More Than 20 Detailed Case Studies from Bloomberg Businessweek
Real Time Research REPORTS Real-Time Enterprise Stories • Adobe Systems • eBay • Maple Leaf Foods • Alliander • EMC • Mercedes-AMG • ARI • Florida Crystals • NFL • CareFusion • Globus • Nomura Research Institute • City of Boston, Massachusetts • Hewlett-Packard • Norwegian Cruise Line • City of Cape Town, South Africa • HSE24 • Southern California Edison • Commonwealth Bank of Australia • Johnsonville Sausage • T-Mobile • ConAgra • Kaeser Compressors More than 20 detailed case studies from Bloomberg Businessweek Research Services and Forbes Insights featuring leading-edge enterprises across industries to explore the real value of the in-memory platform: SAP HANA. Sponsored by: October 2014 Real-Time Enterprises A Research Collection Contents Forward: Making Decisions in the Moment ................................................. 5 Adobe Systems: “Adobe Gets Personal With Customers” (high tech) ....... 6 Alliander: “Alliander Energizes Its Business with Real-Time Analytics” (utilities) ..................................................................................................... 10 ARI: “In-Memory Computing Drives Fleet Savings at ARI” (automotive) ............................................................................................... 14 CareFusion: “Real-Time Business Leads to Healthy Performance at CareFusion” (healthcare) .......................................................................... 18 City of Boston, Massachusetts: “Boston’s Better Community Connections Through Big Data and Analytics” (public sector) .....................................
[Show full text]
As Climate Issues Intensify, Here's How We're Working Toward a Sustainable
The world is changing. As climate issues intensify, here’s how we’re working toward a sustainable future. Approach Thought leadership Products Operations People 2019 Impact Report Approach Message from Mike 03 About this report 04 About Bloomberg L.P. 05 Governance 06 Stakeholder engagement 07 Materiality assessment 08-09 Sustainability strategy 10 2020 progress 10-11 Risk management 12 Climate scenario analysis 13-16 Case study Thought leadership The need for speed 17-19 Beyond Bloomberg 20-21 Products Highlights 22-30 Case study Putting it all together 31 Operations Highlights 32-39 Performance summary by department 40 Case study Partnering to scale 41 People Highlights 42-47 Case study Leading from the front 48-49 © 2020 Bloomberg L.P. All rights reserved. 2019 Impact Report 2 Approach Thought leadership Products Operations People Message from Mike. As 2019 came to a close, a period of unprecedented upheaval was just beginning. The past few months have been extremely difficult for communities all over the world and More businesses and investors want to take similar steps — and to help them, we have for businesses in every industry — and most of all, for those who have lost loved ones to continued to expand the environmental, social and governance (ESG) data and in-depth coronavirus, or who have lost their jobs because of it. The pandemic has brought about research we provide, and we’re working to make that data and information easier to access the most severe economic downturn the world has seen in many years, but it can also be a and put to use.
[Show full text]
Global Market Starbucks Corporation Introduction
1 Short profile of innovation in the corporate world Corporate Retail industry - global market Innovation Online Starbucks Corporation Ideas, Self-help and News Introduction Innovation is obviously a big part of any corporation‟s growth and profit performance. Just how important it is, to any one company, is often hard to identify. Schultz, in his recently released book; Onward1, does a very Table of Contents good job in identifying what Starbucks has done to innovate. Much of the information for this profile comes from his Introduction book which provides a rare insight into innovation, in this case, in the retail coffee industry. Additional information Executive Summary comes from annual reports and other comments on Starbucks operations. Attribution is provided. The Time Line [1971-2011] Parsing Innovation at Starbucks The context for innovations at Starbucks may not be so - The Spectrum of Innovation obvious because the structure of the book makes it difficult - R&D ‘Innovation interest’ with high risk for others to identify and apply Starbucks‟ lessons to their - Technology ‘Innovation interest’ with nominal own situation. This is the purpose of this profile. The hope risk. - New business models is that once one had read this profile it will be possible to - New products identify some innovation gaps in one‟s own corporation. - Product line extensions - Business process continuous improvement One is struck by the many and variety of innovations introduced by Starbucks over its recent history. It is clear Conclusions that there were several areas where a lack of innovation cost the company dearly over the last 5 years.
[Show full text]
Bloomberg Brief: Sustainable Finance
Thursday Aug. 11, 2016 www.bloombergbriefs.com Total Leads Oil Majors in Renewables Investments NUMBER OF THE WEEK BY EMILY CHASAN, BLOOMBERG BRIEFS Some big European oil producers are getting a taste for renewables as fossil fuel prices have declined. FOUR Total SA spent almost $9 billion since 2000 on clean and alternative energy investments, putting it in the lead spot among oil majors, according to a Bloomberg That's the number of Brazilian cities Intelligence analysis of public equity and debt purchases. that smashed new heat records in The French oil giant surpassed the $8.25 billion in clean energy deals spent by BP Plc 2015, according to a report released since 2000, the report said. Exxon Mobil Corp., on the other hand, hasn't made any Monday during the Olympic Games renewable acquisitions or financing deals during that time, though it does invest in the by the Observatorio do Clima. Brazil sector in other ways. Exxon spends about $1 billion annually on energy research on has heated up faster than the global technologies like carbon capture and sequestration and biofuels, which include a long- average, warming 1 degrees Celsius term project to create fuels from algae, spokesman Bill Holbrook said. (1.8 degrees Fahrenheit) in the last Companies that underinvest in renewables could potentially be exposed to future 54 years. That pace could make it too shifts in fossil-fuel demand, Bloomberg Intelligence analyst Gregory Elders said. hot to play similar Olympic games by "Waiting until the transition has already happened may prove too late, as many U.S.
[Show full text]