Inside the Deal That Held Off the Dock Workers Strike
Shipping ports all along the East Coast and Gulf Coast shut down earlier this week, as the 47,000 members of the International Longshoremen’s Association went on strike. Their demands: A pay raise of nearly 80% over 6 years and strict limits on the use of automation in the nation’s ports. Shipping companies refused and worries mounted that the strike could drag on for weeks, creating gridlock at the ports, and recreating some of the pandemic-era supply chain snarls. But dockworkers and shipping companies struck a temporary deal late Thursday. Today on the Big Take, Sarah Holder and reporter Laura Curtis talk through the details of the deal, why the White House got involved and who the winners and losers are. See omnystudio.com/listener for privacy information.
5 Okt 202416min
US Tech Is Helping Guide Russian Missiles Into Ukraine
After a Russian missile hit the Ukrainian city of Chernihiv, Ukrainian investigators found the navigation system had components made by four Western companies, including two in the US. Today on the Big Take, Bloomberg reporter Stephanie Baker talks to host David Gura about how these components are making their way to the battlefield and what steps the US government is taking to try to prevent that from happening. See omnystudio.com/listener for privacy information.
3 Okt 202418min
The Escalating Conflict in the Middle East
Iran attacked Israel for the second time in five months Tuesday, with a volley of missiles coming hours after Israel launched a ground incursion into Lebanon. Today on the Big Take, Bloomberg’s Dan Williams, a reporter in Bloomberg’s Jerusalem bureau, and Joumanna Bercetche in Dubai join host David Gura to talk about the latest on the Middle East and what that means for the region – and the US.See omnystudio.com/listener for privacy information.
1 Okt 202414min
The Investment Strategy Behind Harvard’s Record Endowment — and How It Fell Apart
Harvard University’s endowment fund is larger than the endowment of any other university on the planet. That’s, in part, because of a pioneering investment strategy. But in recent years, the returns haven’t measured up to rival universities like Yale or Brown.Bloomberg’s Janet Lorin joins host David Gura to talk about how Harvard University’s early edge seems to have waned in the midst of changing leadership and strategies.Read more: Harvard’s Not-So-Smart Money: Two Decades of Poor Returns and Rich PayFurther Listening: Facing Huge Challenges, One College Tries to Be Too Big to Fail If College Is an Investment, These Offer the Best ROI See omnystudio.com/listener for privacy information.
30 Sep 202411min
China’s Economic Crackdowns Are Crushing the Dreams of a Generation
This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of money banks need to hold in reserve.But the country’s ongoing drive to upgrade its struggling economy has left millions of people facing job losses or pay cuts, fueling an existential crisis among some of its best and brightest workers. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Lulu Chen about the impact Xi Jinping’s push is having on professionals, from banking to tech, and what this anxiety could mean for the outlook of the world’s second-largest economy. Read more: Xi Unleashes a Crisis for Millions of China's Best-Paid Workers China Unleashes Stimulus Package to Revive Economy, Markets Further listening: Why China’s Investment Bankers Are Breaking Up With Capitalism What Does China’s Economic Slowdown Mean For the Communist Party?See omnystudio.com/listener for privacy information.
27 Sep 202417min
Private Equity, But for Dying Universities
Skyrocketing tuition costs, COVID and fewer high school graduates have been straining the survival of smaller American colleges, leading many to shut down. Now, some are joining a surprising new path: mergers and acquisitions. Bloomberg reporter Francesca Maglione sits down with Big Take host David Gura to discuss why some colleges are eager to merge with others, and what this new dynamic might mean for the future of higher education. See omnystudio.com/listener for privacy information.
25 Sep 202413min
Could the Chinese Yuan Ever Replace the US Dollar?
Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of significant US led sanctions on Russia. Former US President and candidate Donald Trump has said the currency is under attack — and that any country that shuns it would face new tariffs on imports if he is elected. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Saleha Mohsin about the unique role the dollar plays in the world economy — and what, if anything, could replace it. Read more: The Dollar’s Dominance, ExplainedFurther listening: Odd Lots Podcast – How the US Dollar Became an International Weapon of WarSee omnystudio.com/listener for privacy information.
24 Sep 202415min
The Pager Attack Was a Deadly Warning About Supply Chains
Fighting has escalated in the Middle East after thousands of pagers and walkie talkies held by Hezbollah operatives exploded across Lebanon last week. That attack is the most recent example of supply chain interference — a global problem that national security officials say is now “rampant.” Bloomberg cybersecurity reporter Katrina Manson and defense and intelligence reporter Peter Martin sit down with Big Take host Sarah Holder to break down what we know about how and when the Hezbollah pagers were turned into bombs — and what countries like the US and China are doing to protect their supply chains from foreign infiltration. Read more: Exploding Pagers Raise Global Supply-Chain Security ConcernSee omnystudio.com/listener for privacy information.
23 Sep 202414min
