A Favorite Loophole of the Rich Is Leaving Charities High and Dry
Big Take21 Joulu 2022

A Favorite Loophole of the Rich Is Leaving Charities High and Dry

Billionaires are increasingly taking advantage of a provision in the US tax laws that lets them park money designated for charity in something called a donor advised fund. They get a tax break up front…and can let the money sit in the fund for as long as they like. It’s eventually got to be given to a charitable cause, but they don’t have to say when, or where it’ll go.

Bloomberg reporters Noah Buhayar, Ben Steverman and Sophie Alexander join Wes for a look at their analysis and reporting on donor advised funds–and why they’ve become so popular among the super wealthy. Jan Masaoka, CEO of the California Association of Nonprofits, also stops in to talk about what it means for charities that depend on those delayed dollars.

Learn more about the episode: https://bloom.bg/3GxT3ll

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Xi’s Rare Earths Bargaining Chip Is a Trade War Game Changer

Xi’s Rare Earths Bargaining Chip Is a Trade War Game Changer

China’s dominance of rare earths has given Xi Jinping powerful leverage over Donald Trump ahead of their expected meeting next week. On today’s Big Take Asia podcast, host K. Oanh Ha and Bloomberg’s Daniel Ten Kate dig into how China is weaponizing rare earths and what the economic standoff means for a trade deal and the future of US-China relations. Read more: Xi Is Never Giving Up His Newfound Leverage Over TrumpFurther listening: Xi’s Bromance Diplomacy Is Challenging Trump’s World OrderThe Rebel Army Behind One of the World’s Major Rare-Earth SuppliesSee omnystudio.com/listener for privacy information.

22 Loka 202518min

The Race to Buy Warner Bros. Discovery

The Race to Buy Warner Bros. Discovery

Some of the biggest names in tech and Hollywood are training their sights on Warner Bros. Discovery, the media and entertainment conglomerate that owns HBO Max, CNN and TNT. The first party to make an offer was Paramount Skydance, the newly-merged company helmed by David Ellison. On today’s Big Take podcast, Bloomberg’s Lucas Shaw joins host David Gura to share his reporting on why Ellison wants to buy Warner Bros. Discovery — and what more consolidation would mean for Hollywood, the news business and consumers.See omnystudio.com/listener for privacy information.

21 Loka 202517min

A Brazen, 7-Minute Jewelry Heist at the Louvre

A Brazen, 7-Minute Jewelry Heist at the Louvre

In just seven minutes, thieves in France made off with a cache of royal necklaces, tiaras and earrings in a robbery at Paris’s famous Louvre — shutting down the world’s busiest museum and setting off an international manhunt. On today’s Big Take podcast, host David Gura and Bloomberg’s Paris Bureau Chief Alan Katz on the brazen theft that evokes a Hollywood caper, the latest in the investigation and what might happen to the priceless jewels. Read more: A 7-Minute Louvre Heist Leaves Behind DNA and Dropped CrownSee omnystudio.com/listener for privacy information.

20 Loka 202513min

Amex v. Chase: Who Will Win the Battle for America’s Top Shoppers?

Amex v. Chase: Who Will Win the Battle for America’s Top Shoppers?

The competition for America’s wealthiest shoppers is heating up, with credit card companies like American Express and Chase using every perk in the book to enroll new cardholders. On today’s Big Take podcast, Bloomberg’s Amanda Mull tracks how the leading credit card companies are using perks, promotions and points to win the business of the 10 percent of Americans responsible for nearly 50 percent of the country’s discretionary spending. Who will win this high-stakes game – and what’s the cost to the rest of us? Read more: Inside the Credit Card Battle to Win America’s Richest Shoppers Take Bloomberg’s Quiz: Which Premium Credit Card Is Right For You? See omnystudio.com/listener for privacy information.

17 Loka 202519min

Why Global Economic Leaders Are Predicting a Slowdown

Why Global Economic Leaders Are Predicting a Slowdown

This week, the World Bank and the International Monetary Fund are holding their annual meetings in Washington, DC and so is the Institute of International Finance. It’s brought a who’s who of central bankers and finance ministers to the US capital — in the midst of a government shutdown — to discuss the most pressing issues facing the global economy. Bloomberg reporters and editors from all over the world have also made the pilgrimage to Washington, including Brendan Murray, who oversees global trade coverage, along with Joe Weisenthal and Tracy Alloway, the hosts of Odd Lots. On today’s Big Take podcast, they join host David Gura to share what they’re hearing at official events and on the sidelines of these meetings and what it reveals about the health of the economy and global markets.See omnystudio.com/listener for privacy information.

16 Loka 202520min

What’s Driving The Rush to Invest in Gold

What’s Driving The Rush to Invest in Gold

Gold always shines during uncertain times, but escalating tensions between the US and China and signals from the Federal Reserve that we could see at least one more rate cut this year have propelled gold – and silver – to record highs. Today on the Big Take, Bloomberg precious metals reporter Jack Ryan and host Sarah Holder talk about what’s pushing up gold’s value — and what history can teach us about how this gold rush could end. Read more: Gold (XAUUSD) Trades Near Record on Fed Rate-Cut Sign, US-China Tensions - BloombergSee omnystudio.com/listener for privacy information.

15 Loka 202516min

Having a Baby? This Company Will Give You $72,000

Having a Baby? This Company Will Give You $72,000

South Korean companies are offering workers tens of thousands of dollars (tax free) to have babies. But are cash incentives enough to address the country’s record-low fertility rates? K. Oanh Ha and Bloomberg’s Hyonhee Shin explore on today’s Big Take Asia podcast. Read more: Korean Companies Pay Employees Huge Sums to Have More KidsSee omnystudio.com/listener for privacy information.

14 Loka 202515min

The Front Lines of Trump's Trade War? Look at Kentucky

The Front Lines of Trump's Trade War? Look at Kentucky

There’s an unexpected place starting to feel the impact of US President Donald Trump’s trade war: Kentucky. Bloomberg’s Josh Wingrove visited Governor Andy Beshear, the Democrat leading the red state, to understand the economic consequences tariffs have had on Kentucky’s manufacturing industry – and its iconic bourbon. Wingrove sits down with host Sarah Holder to talk about their conversation and his time in the bluegrass state. Read more: Kentucky Governor Grapples With Tariffs, Says 2028 Call Can Wait - BloombergSee omnystudio.com/listener for privacy information.

13 Loka 202517min

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