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Delightful Holiday Dinner Ideas for the Apocalypse November 27, 2017 Hearty Tortilla Soup Delightful Holiday Dinner Ideas For the Apocalypse Survivalist foods go mainstream p40 Savory Roasted Beef Teriyaki Style Chicken November 27, 2017 3 PHOTOGRAPH BY IKE EDEANI FOR BLOOMBERG BUSINESSWEEK BLOOMBERG EDEANI FOR IKE BY PHOTOGRAPH 36 Richard Plepler, chief executive officer of HBO CONTENTS Bloomberg Businessweek November 27, 2017 IN BRIEF 8 ○ Uber belatedly discloses a data hack ○ Janet Yellen says so long ○ This year, give thanks for cheaper turkey REMARKS VIEW 12 Finish college in three 10 One fix for fake news: Bring radical years—not four—and start transparency to Facebook and Google your career with a whole lot less debt 1 BUSINESS2 TECHNOLOGY 3 FINANCE 14 The songwriters 19 VIPKid’s virtual 24 Would you trust who want to stop classrooms may a stock call that the music run afoul of real-life came from a robot? labor laws 15 For Asians, “Made in Asia” 26 In the event of nuclear has new appeal war, two things will survive: 20 Google struggles to Cockroaches and bitcoin machete through the lies 4 17 Selling Europe’s soccer in its search results fans American-style sports 27 Venezuela’s oil bonds memorabilia might not be a bargain 22 Man vs. Machine: QuickSee isn’t after your optometrist’s job—yet 4 ECONOMICS 5 POLITICS 28 A Chinese drone 32 “Merkel was 32 Angela Merkel’s maker is taking a historical coalition teeters transportation into figure as far 33 Cutting the health-care Jetsons territory as Europe’s mandate to cut taxes: concerned, Deft maneuver or daft 30 How mobile homes got screw-up? too expensive for the but her time folks who desperately has come 35 Justin Trudeau loses need them and gone” a bit of his shine CONTENTS Bloomberg Businessweek November 27, 2017 How to Contact FEATURES PURSUITS Bloomberg Businessweek Editorial 55 The Tate’s new 212 617-8120 Ad Sales 36 Debrief: Richard Plepler, leader wants a 212 617-2900 731 Lexington Ave., CEO of HBO, on life after fresh audience New York, NY 10022 Email bwreader Game of Thrones 58 Drinks: A star bartender @bloomberg.net says we’ve had enough Fax 212 617-9065 Subscription Customer 59 Fitness: Fitbit takes Service URL 40 The crisis is coming. Calamity on Apple’s smartwatch businessweekmag .com/service Reprints/Permissions is just around the corner. 800 290-5460 x100 or email businessweekreprints Do you have enough freeze- @theygsgroup.com dried chicken teriyaki? Letters to the Editor can be sent by email, fax, or regular mail. They should include the 60 Travel: What to do sender’s address, phone number(s), and email if you have only two address if available. days in Mumbai Connections with the subject of the letter should be disclosed. 62 Critic: Gourmets get We reserve the right to their own theme park edit for sense, style, 6 and space. 63 The One: LG’s laser Follow us on IRE MCCASKILL IRE smart home theater social media NCH/REX/SHUTTERSTOCK. projector Facebook facebook.com/ 64 Game Changers: bloomberg Humberto Leon and businessweek/ Twitter Carol Lim are bringing @BW fashion to the masses Instagram @bloomberg businessweek 46 The parade goes on at the Correction: “When One Degree No Longer Fits Great American Department All” (Focus on B-Schools, Nov. 20, 2017) incorrectly included “Business” Store. No, not Amazon—Macy’s in the Wharton School’s name. The Methodology for the “Top 30 U.S. Schools” chart said it included alumni from the classes of 2008-10; actually, the classes included were 2009-11. This didn’t affect survey results. 14 17 32 33 Bruce Springsteen Sergio Aguero Angela Merkel Claire McCaskill Cover and top left: Bloomberg Businessweek (USPS 080 900) November 27, 2017 (ISSN 0007-7135) H Issue no. 4548 Published weekly, except one week in January, February, April, July, and August, by Bloomberg L.P. Periodicals postage paid at New York, N.Y., and at additional mailing offices. Executive, Editorial, Circulation,and Advertising Offices: Bloomberg Businessweek, 731 Lexington Photographs by Avenue, New York, NY 10022. POSTMASTER: Send address changes to Bloomberg Businessweek, P.O. Box 37528, Boone, IA 50037-0528. Canada Post Publication Mail Agreement Number Caroline Tompkins 41989020. Return undeliverable Canadian addresses to DHL Global Mail, 355 Admiral Blvd., Unit4, Mississauga, ON L5T 2N1. E-mail: bwkcustserv@cdsfulfillment.com. QST#1008327064. Registered for GST as Bloomberg L.P. GST #12829 9898 RT0001. Copyright 2017 Bloomberg L.P. All rights reserved. Title registered in the U.S. Patent Office. Single Copy Sales: Call for Bloomberg MACY’S: PHOTOGRAPH BY ILONA SZWARC FOR BLOOMBERG BUISINESSWEEK. MUMBAI: COURTESY TAJ MAJAL PALACE MUMBAI. SPRINGSTEEN: PATSY LY PATSY SPRINGSTEEN: MUMBAI. PALACE MAJAL TAJ COURTESY MUMBAI: BUISINESSWEEK. BLOOMBERG FOR SZWARC ILONA BY PHOTOGRAPH MACY’S: 800 298-9867 or e-mail: [email protected]. Educational Permissions: Copyright Clearance Center at [email protected]. Printed in the U.S.A. CPPAP NUMBER 0414N68830 Businessweek CLA SENATOR COURTESY MCCASKILL: PHOTO. JUTRCZENKA/PICTURE-ALLIANCE/DPA/AP VON BERND MERKEL: PHOTO. RICKETT/PA/AP MARTIN AGUERO: IN BRIEF Europe Asia ○ Alibaba Group paid ○ “Those who $2.9b wanted Brexit must for a 36 percent stake in Sun Art Retail Group, a ○ Aston Martin unveiled the Wal-Mart Stores rival. Sun offer solutions.” latest iteration of its best- Art operates 400 massive selling model, the Vantage, stores in China under the based on the custom car it Auchan and RT-Mart brands. designed for James Bond in 2015’s Spectre. Michel Barnier, the U.K.’s top Brexit negotiator, called for ideas to deal with Northern Ireland, which may remain in the European Union system. ○ The Turkish lira dropped ○ Activist investors, including to a record low after the Daniel Loeb’s Third Point and country’s central bank David Einhorn’s Greenlight went against President Capital, snapped up a Recep Tayyip Erdogan chunk of Toshiba when the 8 and effectively raised struggling electronics maker interest rates. sold shares to keep its stock from being delisted. All told, VID PAUL PAUL VID Toshiba raised $5.4 billion from the sale. ○ Altice unveiled a plan to ○ President sell cell towers and other assets to help pay off Trump pledged to redesignate $58b North Korea a state sponsor of in debt. Investors had been concerned the French terrorism, which telecommunications would further company would sell more stock to raise money. isolate the country. ○ German Chancellor Angela Merkel failed to forge a coalition government. Her The U.S. dropped the classification conservative alliance had been negotiating for weeks with competing parties in 2008 to spur North Korea to give VANTAGE: COURTESY ASTON MARTIN. PAI: ZACH GIBSON/BLOOMBERG. TURKEY, LIRA: ALAMY. MERKEL: JOHN MACDOUGALL/GETTY IMAGES. LOEB: DA LOEB: IMAGES. MACDOUGALL/GETTY JOHN MERKEL: LIRA: ALAMY. TURKEY, GIBSON/BLOOMBERG. ZACH PAI: MARTIN. ASTON COURTESY VANTAGE: MORRIS/BL0OMBERG. EINHORN: CHRISTOPHER GOODNEY/BLOOMBERG. YELLEN: ANDREW HARRAR/BLOOMBERG. ZIMBABWE: PHILIMON BULAWAYO/REUTERS PHILIMON ZIMBABWE: HARRAR/BLOOMBERG. ANDREW YELLEN: GOODNEY/BLOOMBERG. CHRISTOPHER EINHORN: MORRIS/BL0OMBERG. when two rival factions walked away from the table. 32 up its nuclear ambitions. By Kyle Stock Bloomberg Businessweek November 27, 2017 Americas ○ Money is ○ … meanwhile, in the U.S., ○ This Thanksgiving will be a little cheaper, thanks to Uber disclosed an October a glut of turkeys. Birds cost about 22 percent less per pouring into the 2016 hack that compromised pound, according to the U.S. Department of Agriculture. Karachi Stock the personal data of Exchange, months Price per pound, 8- to 16-lb. turkey hen after Pakistan 57m November November was added to customers and drivers. The $01.30 emerging markets company, which concealed the hack for more than a indexes. year, said no Social Security numbers or trip location 1.10 details were exposed. A UBS report said it was the 0.90 “most crowded” country for cash inflows, behind Brazil. 1/2015 10/2017 ○ China’s Tencent Holdings ○ Days after a 210,000- ○ FCC Chairman ○ Efforts intensified to locate topped gallon leak at the Keystone an Argentine submarine pipeline in South Dakota, Ajit Pai that went missing along with a sister project, the proposed its crew of 44. Ships and $500b Keystone XL pipeline, aircraft from at least seven 9 in market value as the cleared its final bureaucratic abandoning countries have joined the company reported strong hurdle when Nebraska net neutrality rules, hunt for the sub, which had demand for its mobile games regulators approved a been scheduled to return to and WeChat messaging route for it. which would allow Buenos Aires on Nov. 19. service. internet service providers to charge for faster speeds and block access to certain sites. ○ Uber ○ Janet Yellen said she’ll step down from the Board Africa Technologies said of Governors of the Federal it’s ordered as Reserve System when her successor as chair, Jerome ○ Glencore overhauled ○ Robert Mugabe stepped many as 24,000 Powell, is sworn in at the leadership of its copper down as president of self-driving end of February. Her term mining operation in the Zimbabwe, almost a week as governor extends until Democratic Republic of after the military overthrew vehicles from Jan. 31, 2024. Congo after the business his government. He’ll be Volvo. Financial came under scrutiny in a replaced by Emmerson Canadian bribery probe. Mnangagwa, the vice terms of the deal Internally, the company said it president he fired on Nov. 6. with Volvo parent found “material weakness” in its financial controls. Zhejiang Geely Holding weren’t disclosed … REMARKS The Secret War Against Fake News 10 Is Too Secret REMARKS Bloomberg Businessweek November 27, 2017 ○ Facebook, Google, and Twitter have same disclosure requirements as conventional broadcast ads.
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