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 don...
Dec 21, 2022•29 min
In the aftermath of the 2008 financial crisis, some of the biggest mortgage lenders in the US promised to extend billions in new loans to Black homebuyers. That hasn’t happened. Instead, the numbers are going in the opposite direction. Bloomberg senior economics writer Shawn Donnan joins Wes this episode to talk about why banks have fallen short of the goal–and what it means for families across the country. Dedrick Asante-Muhammad of the National Community reinvestment Coalition also joins to sp...
Dec 20, 2022•31 min
As the US coal industry dwindles, big mining companies that once made a fortune are packing up–and leaving behind a staggering mess of destroyed land and poisoned water . So who’ll pay to clean it up? Bloomberg reporters Josh Saul and Zachary Mider spent time in coal country and join this episode to talk about the multi-billion-dollar game of pass the buck now playing out in Appalachia. Learn more about this story here: https://bloom.bg/3HKh2yQ Listen to The Big Take podcast every weekday and su...
Dec 19, 2022•29 min
In 2019, US officials seized a massive cargo ship called the MSC Gayane in the Port of Philadelphia. On board, they found containers filled with products of all kinds that the ship had picked up along its global route. They also discovered cargo that didn’t appear on the ship’s manifest—40,000 pounds of cocaine. Bloomberg investigative reporters Lauren Etter and Michael Riley join this episode to tell the wild story of how one of the world’s biggest cargo ships became an unofficial courier for a...
Dec 16, 2022•34 min
This year saw some important advances for #MeToo. The US Congress passed two bills, now signed into law, that protect the rights of women who come forward to report sexual abuse in the workplace–and make it harder for companies to try to silence them. Two members of Congress who pushed that legislation through the House, Rep. Cheri Bustos and Rep. Lois Frankel, join this episode to explain the far-reaching consequences of the new laws. Then Fatima Goss Graves, president and CEO of the National W...
Dec 15, 2022•27 min
Well, some of them anyway. Each year, Businessweek’s Bloomberg 50 list introduces you to people in business, entertainment, finance, politics, science and technology whose work helped define the year. The 2022 list includes familiar names doing new things (Tom Cruise) and new names doing historic things (Tom Oxley, whose company invented an implant that lets users communicate with brain waves). Bloomberg 50 editor Bret Begun and a host of reporters join today's episode to share highlights from t...
Dec 14, 2022•25 min
While everyone was focused on Covid over the past few years, America’s decades-old opioid crisis entered a new deadly phase – largely because of one drug in particular: fentanyl. Potent, cheap and ubiquitous, it’s sometimes mixed by street dealers with other drugs including marijuana, cocaine and even adderall, creating a ‘cocktail’ that kills people who unwittingly buy it. Bloomberg reporters Emma Court, Linly Lin and Leonardo Nicoletti join this episode to talk about the consequences of fentan...
Dec 13, 2022•30 min
Bloomberg Investigative reporter Olivia Carville has spent months delving into TikTok, the hugely popular video social network. In November, she joined the podcast to talk about children who have died copying dangerous video challenges of the kind that can be seen on the app. Today, Olivia is back to talk about her latest story about TikTok for Bloomberg Businessweek. It follows the life of a 16-year-old girl from Florida whose provocative videos have won her millions of followers–and many detra...
Dec 12, 2022•34 min
Our insatiable appetite for meat, eggs and cheese means there are billions of chickens, pigs and cows the world over. One consequence: animal agriculture is a leading contributor to greenhouse gas emissions and pollutants like ammonia and nitrogen. In Europe, governments are starting to crack down—demanding farms dramatically cut the size of their herds to meet environmental goals. Farmers are, to put it mildly, furious. Bloomberg reporter Diederik Baazil joins this episode from Amsterdam to tal...
Dec 09, 2022•31 min
A group of Taylor Swift fans is suing Ticketmaster, the big live event ticket provider, after sales for her upcoming concert tour went haywire. It’s also drawn the attention of the US Justice Department. The government is investigating whether Ticketmaster is using its dominance in ticket sales to drive out competitors and drive up prices. And Ticketmaster isn’t the only big company in the government’s sights. The Biden administration has taken an activist stand against the consolidation of corp...
Dec 08, 2022•27 min
The secretive Al Nahyan family of Abu Dhabi has amassed a fortune of $300 billion–and they’re investing it around the globe, in everything from green energy and healthcare to Manchester City Football Club, SpaceX and Rihanna’s lingerie line. Bloomberg reporters Devon Pendleton, Ben Bartenstein and Nicolas Parasie join this episode to talk about the family’s global reach. Learn more about this story here: https://bloom.bg/3P3ChNz Listen to The Big Take podcast every weekday and subscribe to our d...
Dec 07, 2022•28 min
In the early, scary days of the coronavirus pandemic, before vaccines, patients hospitalized with severe cases were often put on ventilators to keep them alive. That invasive treatment saved a lot of people. But the heavy sedation that sometimes went along with it has left many of them with debilitating side-effects. Doctors are now taking a hard look at how they’ve used sedation–and rewriting the rules for treating patients who require it. Dr. Wes Ely, a critical care physician with Vanderbilt ...
Dec 06, 2022•25 min
Democrats kept control of the US Senate in November’s midterm elections. So why is the political world so obsessed with who’ll win Tuesday’s Senate runoff election in Georgia between Democrat Raphael Warnock and Republican Herschel Walker? Bloomberg’s US politics editor Mario Parker, White House correspondent Nancy Cook and National editor Craig Gordon join Wes to answer that question–and explain how this single seat will determine the outcome of political battles heading into the 2024 president...
Dec 05, 2022•29 min
Senior executive editor John Liu joins Wes from Beijing to talk about the protests happening across China, as anger at the government’s Covid Zero policy boils over. John walks through why and how the demonstrations began, what the government is doing to tamp them down and what he saw and heard on the streets. Learn more about this story: https://bloom.bg/3H5cVNt Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comment...
Dec 02, 2022•25 min
Online gambling is enormously popular in the UK. Millions of people spend hours a day playing catchy games on their phones that keep them spinning–even when they’re losing big. No surprise that online gambling addiction is a serious issue. Now, some US states are loosening their gambling laws. And with it comes concerns that the problems gamblers in the UK are experiencing will soon play out on an even larger scale in America. Bloomberg reporters Gavin Finch and Harry Wilson join this episode to...
Dec 01, 2022•28 min
A heads up: This episode is on a difficult subject and some of it isn’t easy to listen to. You might want to listen with headphones if children are nearby. In just a few short years, TikTok has become as ubiquitous as Instagram, Facebook and Twitter. The brief videos and fun dance challenges that TikTok’s one billion users post on its app often become viral sensations. But there’s a darker side to the platform, and one TikTok is having a hard time fixing. Young children who aren’t supposed to ha...
Nov 30, 2022•39 min
As China seeks to grow its economy and increase its global influence, it’s lending billions of dollars to help governments around the world fund big, expensive projects that otherwise would be out of reach. In Asia, Africa–and, notably, in Latin America, next door to the US. That money could pay off politically, too, in the ongoing rivalry between Washington and Beijing. For a look at China’s global projects–and what its leaders hope to accomplish with them– Rebecca Choong Wilkins joins this epi...
Nov 29, 2022•28 min
A good boss can make the difference between a job you love and one you can’t stand. Workers are more willing to suffer bad bosses when the job market is tight. But when they have choices–like now in the US–they’re quicker to demand better working conditions, or up and quit. One place taking notice of employee discontent: America’s business schools. Senior reporter Matthew Boyle joins this episode to talk about why top MBA programs are now teaching classes on how to be a better boss. Wes also tal...
Nov 28, 2022•28 min
Green bonds are surging in popularity across the globe, as companies and governments want to show they’re investing in environmentally friendly projects–and people want to feel good about where they’re putting their money. The thing is, it’s not always easy to tell if a green bond is actually going toward a cleaner future–or if it’s mostly a marketing ploy. Aaron Rutkoff, Executive Editor at Bloomberg Green, joins this episode to spell out what green bonds are, how they work and how to tell the ...
Nov 23, 2022•27 min
A growing number of workers at Apple Stores across the US believe the company they once loved to work for is changing–and they’re not happy about it. They say the famously low-key, no-pressure showcases for Apple’s products have turned into just another retail floor, where associates at some stores and technicians at the Genius Bar are expected to upsell customers–or encourage them to buy new devices instead of fixing their current ones. Apple retail workers at two stores have already voted to u...
Nov 22, 2022•28 min
Shein is one of the biggest fast-fashion brands in the world. Young women and girls film their “Shein hauls” for TikTok — showing off piles of trendy, cheap clothes they bought from the Chinese company. It’s on track this year for sales around $8 billion in the US alone. But a new investigation traces the origin of the cotton in some Shein clothing to the Xinjiang region of China, where the US and other Western nations say the Chinese government has imprisoned Uyghur Muslims and carried out a ca...
Nov 21, 2022•24 min
What happens when a small country all of a sudden strikes it fantastically rich? The South American country of Guyana, is finding out in a big way. A nation of just 800,000 people, its economy centered on agriculture and mining–until 2015, when Exxon discovered a massive oil field beneath Guyana’s territorial waters. Now, Guyana is flush with oil riches. Monte Reel , a Bloomberg investigative reporter, joins this episode to tell the story of the unusual way the government plans to spend some of ...
Nov 18, 2022•25 min
Russia’s military has targeted libraries and museums across Ukraine that housed irreplaceable books and documents and works of art. Now, with the help of advanced digital modeling and other technology, Ukrainians are documenting what’s been destroyed — and preserving what can be salvaged for future generations. This episode features Marc Champion , senior reporter for International Affairs at Bloomberg, who gives an up-close view of what’s happening in Ukraine now and where the war is headed. We...
Nov 17, 2022•27 min
High prices for just about everything are making us all suffer–and there’s no end in sight. Why is inflation hanging on for so long, and when will it finally let go? The answer is…complicated. Fortunately Tom Orlik , Bloomberg’s chief economist, is here to cut through the confusion. He joins Wes to explain what’s happening to the economy in the US and around the world, and where things are headed. Plus, Wes heads to the Rose Avenue Bakery in Washington DC to see firsthand how a small business is...
Nov 16, 2022•27 min
We’re talking about heat in this episode. That might strike you as a bit odd, especially if you live in the northern hemisphere where summer’s long gone by now. But it’s easy to put out of your mind that the Earth is getting hotter in the winter, too. Extreme heat from climate change is now a major health threat that is sickening and killing more and more people. This has led some cities — just a handful of them so far — to do something pretty interesting. They’ve hired “heat officers,” and two ...
Nov 15, 2022•23 min
The US Supreme Court has ruled that Americans have a Second Amendment right to keep guns in their homes for self-defense and to carry them in public. But the Court has also been clear that the federal government and states can require background checks and place certain restrictions on who can buy guns and where they can be carried. States can also limit or outlaw certain firearms for public safety. In this episode, we look at how a rapidly growing number of small gunmakers are testing some of t...
Nov 14, 2022•29 min
Ever wonder what actually happens to all the plastic you dutifully toss in the recycling bin? Kit Chellel, an investigative reporter for Bloomberg, set out to answer that very question. And what he found out is…well we’re not gonna give it away. Then, Wes picks up with reporter Matthew Campbell, who went to see for himself where a lot of that plastic piles (and piles and piles) up. This episode also features Judith Enck, president of Beyond Plastics, who explains why it’s so hard to recycle this...
Nov 11, 2022•26 min
The mighty Mississippi River cuts the United States essentially in half from Northern Minnesota all the way down to the Gulf of Mexico. It has a lot of history and romance around its waters, and is also one of America’s most important routes for commerce. More than 1 trillion pounds of goods travel down the river each year. But, as water levels have dropped significantly in key parts of the river, it’s stopped some ships cold. The river is now backed up with billions of dollars of corn, wheat, f...
Nov 10, 2022•27 min
The US Food and Drug Administration is supposed to make sure the medications we take are effective–and safe. But when a small independent lab in Connecticut called Valisure started testing popular drugs and health products, it turned up some alarming results–including carcinogens and other dangerous substances. You might think the FDA would welcome this information. Not so fast. Bloomberg reporter Anna Edney joins this episode to talk about how Valisure’s findings have shined a light on serious ...
Nov 09, 2022•29 min
Here's a thought experiment. It's the middle of winter and you can't afford to pay for both heat and electricity. Which do you stop using first? The lights? The stove? The furnace? This is the real life choice people in the UK and parts of Europe will have to make this winter, and in the years ahead. Fallout from Russia’s invasion of Ukraine and other economic pressures have driven up the price of fuel for homes and businesses alike. Earlier this year, the UK braced for shortages and planned for...
Nov 08, 2022•26 min
