Bloomberg BusinessWeek, Feb 15, 2016 (II)

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(4) Ellen Huet, No Country for Startup Founder.
www.bloomberg.com/news/articles/ ... hacking-immigration

Note:
(a) summary underneath the title in print: Horror stories from the immigrants launching Valley companies
(b) No Country for Old Men (film)
https://en.wikipedia.org/wiki/No_Country_for_Old_Men_(film)
(2007)
(c) Read only the first 2 ½ paragraphs.

(5) Tim Loh, Putting the App in Appalachia.
http://www.bloomberg.com/news/ar ... tting-a-fresh-start

Note:
(a) summary underneath the title in print: With coal collapsing, Kentucky miners are learning to code.
(b) "He works for Bit Source now, a Pikeville, Kentucky, startup that’s out to prove there’s life after coal for the thousands of industry veterans who've lost their jobs in an unprecedented rout that has already forced five major producers into bankruptcy."

Pikeville, Kentucky
https://en.wikipedia.org/wiki/Pikeville,_Kentucky
(c) Read just the first 2 1/2 paragraphs.

(6) Spencer Soper, Amazon’s Plan to Take on UPS and Alibaba.
http://www.bloomberg.com/news/ar ... on-alibaba-ikfhpyes

Note:
(a) summary underneath the title in print: Company documents describe a global delivery network
(b) Read only the first five paragraphs.


(7) Speculators Fight 'Big Mama' over the Yuan

Quote:

"Currency traders are piling on bets that the Chinese yuan will weaken. And a bruising battle in January with the People's Bank of China, the country's central bank, hasn't deterred them.

"Bill Gross, manager of Janus Global Unconstrained Bond Fund, has compared the yuan trade to investor George Soros's campaign against the British pound in 1881. In that episode, the Bank of England ultimately gave up defending the value of its currency and allowed it to fall. Soros is now a China bear, too.

"The PBOC -- sometimes called Yang Ma, loosely translated as 'Big Mama' -- seems determined to sow that it will hang tough. In mid-January, it launched a two-day attack to prop up the yuan and force losses on speculators. 'They want to say, 'Who is the boss here?' said Frederic Neumann, co-head of Asian economics research at HSBC Holdings.

"Inside the PBOC, officials view the January campaign as a success and vow to do it again if needed, according to people familiar with the matter.

Note:
(a) summary underneath the title in print: The People's Bank of China flexes its muscle in the currency market
(b) quotation underneath the title in print: "They want to say, 'Who is the boss here?' "
(c) The end of this report notes the authorship: "Bloomberg News." Here it is. (In other words, the Bloomberg News report underwent some editing (eg, to make it concise) and you get the BusinessWeek report.

The Battle for the Yuan: How China's Big Mama Hurt Speculators. Bloomberg BusinessWeek, Jan 31, 2016 (blog).
http://www.bloomberg.com/news/ar ... ma-hurt-speculators
(d) There is no need to read the rest of the reports in Bloomberg News or BusinessWeek.


(8) Lanamh Nguyen, Automation Claims More Victims.
http://www.bloomberg.com/news/ar ... -of-new-wall-street
("The investment banking business has shed tens of thousands of positions since the end of the financial crisis, and the downsizing has been hard on foreign-exchange desks at many banks * * * The industrywide job-axing sweep coincided with a shift to automation, which slashed staffing needs and spawned a new, and small, generation of quantitative traders whose decisions are driven by mathematical models")

Note:
(a) summary underneath the title in print: Currency traders are losing jobs as algorithms take over
(b) The online title (as opposed to that in print) is: "A Dying Breed: Currency Traders Are Left Out of New Wall Street"
(c) Read only the first four paragraphs.

Note:
(a) summary underneath the title in print: