The terrorist strikes upon the U.S. 20 years ago today left Americans with a deep national trauma. They eventually cost them trillions of dollars in tax dollars spent on two decades of war that have in turn spawned a new generation of terrorists all over the world. The “war on terror” was intended to purge the world of Al Qaeda and crush the Taliban who hosted them. But today Al Qaeda is very much alive and the Taliban back in charge. The U.S. badly needs to come up with a new approach to fighting terrorism, Bloomberg’s Editorial Board writes.

U.S. President Joe Biden went on the offensive against anyone who isn’t vaccinated as Covid-19’s delta variant continues to wreak havoc. Federal employees could be dismissed while maskless airline passengers face even bigger fines. But in London, Goldman Sachs is dropping social distancing rules and ending free meals in the office to encourage employees to eat out.

Israel has become one of the world's biggest pandemic hot spots, months after being a test case for how best to reopen society. And a warning from Africa: the proliferation of Covid-19 variants could lead to vaccine-evading mutations.

The rise in infections in Israel is a step back after its world-leading vaccine campaign drove down new Covid-19 cases from 10,000 a day to fewer than 100.  

Photographer: Hazem Bader/AFP

For anyone wanting to get into the clubby world of high finance, the CFA route is cheap, but pass rates have plunged. As for Wall Street, thats more of a concept these days than an address.

Rents are rising in all big U.S. cities for the first time since the pandemic hit. They’re climbing again in Manhattan, too, but only when there’s a doorman. Bloomberg Businessweek meanwhile reports how China’s ghost cities are slowly coming to life.

Henry Golding, who starred in the film “Crazy Rich Asians,” has some genius travel tricks to share from his globe-trotting past. Here’s what it’s like to visit Istanbul or Tokyo’s pubs right now.

Turkey’s Ortakoy Mosque and the Bosphorus Bridge.

Photographer: Givaga/iStockphoto

• U.S. inflation data for August will add to the big taper debate.
• Apple is set to release its latest line of iPhones.
• California Governor Gavin Newsom faces a recall election.
• Vladimir Putin should score an easy win in Russian elections.
• SpaceX will launch its first all-civilian orbital mission.

What Smart People Get Wrong About Climate

If anyone should be attuned to the real-world impacts of global warming, it’s the policymakers and business heads that have to deal with the fallout. But even the most well-intentioned can fail to grasp just how bad things could get if climate goals aren’t met. There just isn’t enough appreciation of the risks associated with new weather patterns, ones we don’t yet understand.

Offshore oil supply containers are strewn about after Hurricane Ida's storm surge swept through Port Fourchon, Louisiana.

Photographer: Luke Sharrett/Bloomberg

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HBCUs—The Path to Prosperity: Systemic barriers have persisted when it comes to philanthropic support for historically Black colleges and universities (HBCUs) and organizations. Join Bloomberg on Sept. 15 when we bring together leaders from government, higher education, philanthropy and business to discuss how these institutions can get the support they need to keep educating and uplifting diverse talent. Sponsored By UNCF. Register here.

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