Bloomberg - Evening Briefing - Abortion law blowback

Texas is now home to the strictest abortion law in the U.S., triggering a warning from women’s-rights advocates that it signals the potential end of the landmark case Roe v. Wade. It appears to many to be a question of when, not if, a woman’s right to choose will be eliminated as we know it under the current U.S. Supreme Court. But as Noah Feldman writes in Bloomberg Opinion, no one is certain how things will pan out. The Texas law, a long-sought victory by the Republican Party, could actually complicate GOP efforts to stem its 2020 losses of college-educated suburban voters. And the judicial process that allowed the state’s six-week abortion limit to take effect has given further impetus to calls to expand a Supreme Court on which President Joe Biden’s predecessor was able to place three very conservative judges. Biden railed at the court’s 5-4 decision not to intercede, calling it an assault on women’s rights.

What you’ll want to read this weekend

The U.S. economy is doing a lot worse than was expected a few months ago, thanks largely to the crushing blow dealt by the delta variant of Covid-19. High-frequency charts signal consumers are cautious again, and Bloomberg Graphics shows which industries are hiring—and which aren’t. Meanwhile, states are trying to figure out how to spend $200 billion of direct aid provided under Biden’s pandemic rescue package.

A dearth of workers worldwide is shaking up food supply chains, while a single Covid-19 case was enough to expose the vulnerabilities of Toyota’s just-in-time inventory system. Forget finance—supply-chain management is the new must-have degree.

One of the men behind the big short of the 2008 financial crisis hasn’t identified his next big trade, but he’s made clear it won’t be crypto. Tennis star Naomi Osaka is potentially a fan, though. And Bill Gross, the former chief of Pimco, rates bonds no better than trash.

Naomi Osaka 

Photographer: Sarah Stier/Getty Images North America

The old norms of weather no longer apply. The aftermath of Hurricane Ida is still hurting Louisiana, and New York City learned some tragic lessons of its own. Out west, the fire tearing through Northern California has shown Lake Tahoe may not be a work-from-home paradise after all.

Apple’s next-generation smartwatch will jam even more data onto your wrist, and Dyson may be designing a robot that can climb stairs. If kitty litter or cashmere is on your shopping list, here are some eco-conscious options.

What you’ll need to know next week

  • Key U.S. pandemic jobless benefits are set to expire.
  • The European Central Bank debates winding down stimulus.
  • Europe holds its first car show since the coronavirus struck.
  • Embattled Bolsonaro to join Brazil Independence Day protests.
  • The NFL’s regular season begins as Tampa Bay faces Dallas.

What you’ll want to read in Businessweek Guy Eyes a Utopian Megalopolis

Marc Lore founded two e-commerce startups and sold them for a combined $3.85 billion before spending five years running Walmart’s online shopping division. Now he’s pondering what he considers the biggest challenge facing America, Bloomberg Businessweek reports: the country’s massive wealth gap. “Let the people own the land!” Lore says. “But in a capitalistic way.”

Marc Lore

Photographer: Peter Hurley

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Bloomberg New Economy Conversations—China’s Tech Crackdown: Join New Economy Forum Editorial Director Andrew Browne on Sept. 8 at 10 a.m. as he analyzes the sweeping regulatory crackdown underway in China. The private sector helped power China’s economic rise, but President Xi Jinping seems determined to rein in what he sees as its excesses. Is this transitory or a game-changing shift? Joining Andy are Keyu Jin, Associate Professor of Economics at the London School of Economics & Political Science, and Kevin Rudd, President and Chief Executive Officer of the Asia Society. Register here.

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The SEC is coming

Friday, September 3, 2021

Bloomberg US hiring dropped abruptly in August with the smallest jobs gain in seven months, complicating any decision by the Fed to begin scaling back monetary support by the end of the year. Trailing

New York—overwhelmed

Thursday, September 2, 2021

Bloomberg As former Hurricane Ida approached the Canadian Maritimes, the waters receded from New York City's subway stations and roads, playgrounds and apartments. Residents suddenly confronted

Taiwan’s warning

Wednesday, September 1, 2021

Bloomberg US antitrust officials are preparing a second monopoly lawsuit against Google over the company's digital advertising business, Bloomberg News has learned, stepping up the government's

‘Gone through hell’

Tuesday, August 31, 2021

Bloomberg Tuesday was the first day in almost 20 years that Afghans awoke without American soldiers somewhere in their country. A US-based advocacy group said about 113000 Afghans still want to leave.

The war is over

Monday, August 30, 2021

Bloomberg More than one million Louisiana homes and businesses were without power a day after Hurricane Ida came ashore. The storm, which packed some of the most powerful winds ever to hit the area,

Longreads + Open Thread

Saturday, October 23, 2021

Ports, Bits About Money, Sneakers, Carbon, Omakase, Nietzsche ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

One map shows how long it could take for each US state and DC to get back to pre-pandemic employment

Saturday, October 23, 2021

Utah and Idaho have already seen their labor markets return to pre-pandemic levels. This map shows when the rest of the country could recover. View in browser Business Insider Business Insider Business

Biden hunts for taxes

Saturday, October 23, 2021

View in browser Bloomberg Follow Us Get the newsletter Since the Covid-19 pandemic arrived in America, earnings have soared, stock markets have hit records and consumers lucky enough not to have been

Get ready to pay more

Friday, October 22, 2021

View in browser Bloomberg US Federal Reserve Chair Jerome Powell reiterated on Friday that “it's time to taper,” shorthand for the slow removal of financial supports that held up a once pandemic-

FTT Update: Hailey Bieber Just Invested In Fintech

Friday, October 22, 2021

​ ​ Hi all, Julie here. Excited to hang out with some fintech folks in Austin tonight at Point72 Ventures' happy hour! Jordan is stoked to meet more of you at Money2020 in a few days too. I'm

The Value of Experts

Friday, October 22, 2021

Inside GLG, the World's First "Expert Network" ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Inside the investment craze changing the face of Las Vegas

Friday, October 22, 2021

Big real estate investors known as REITs have been... View in browser INSIDER INSIDER Subscribe Insider Exclusive FINANCE Inside the investment craze changing the face of Las Vegas Big real estate

Asset manager Valkyrie's bitcoin futures ETF will start trading on Friday, reports say

Friday, October 22, 2021

The company's bitcoin futures ETF will start trading in the US on Friday, October 22, rivalling ProShares' own launch earlier this week, reports said. View in browser Business Insider Business

Blimps, Bots, and the Future of Cargo

Friday, October 22, 2021

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Fintech News Issue #334

Friday, October 22, 2021

The Other Side of Pandemic See Online Issue #334 2021-10-21 COVID-19 reshaped our financial world. From the way we transact, to our digital knowledge, now it seems like if we can't use cash as we