Loan sharks send thugs to beat up borrowers who fall behind on their payments. Another type of predatory lender sends an obscure New York City official armed with court papers. He empties your bank account and keeps a cut. Last year, this man earned $1.7 million, making him the best paid municipal employee in the five boroughs. —Josh Petri Here are today's top storiesThe murder of Washington Post columnist Jamal Khashoggi has soured the world’s politicians on Saudi Arabia's Crown Prince Mohammed Bin Salman. Private capital turned against him long before that. Lawmakers from Britain tore into Mark Zuckerberg after he refused to testify at a hearing. Facebook faced a grilling over a bikini app. More than 200 million people have registered to play Fortnite, logging countless hours searching for weapons and resources in a post-apocalyptic video game world. Parents, teachers and bosses are grappling with the resulting time-suck. Some are even turning to rehab. Gel retardants aren't effective at large-scale fire-suppression, but they're showing promise for protecting individual structures, Bloomberg Businessweek reports. Foreign guns have invaded America, using Elvis and cowboys to take a big chunk of market share away from U.S. rivals. Ohio GM workers want President Donald Trump to "step up" after the company announced it will close factories and lay off thousands of workers. On Tuesday, the president said he may try to eliminate electric car subsidies for the company. What's Joe Weisenthal thinking about? The Bloomberg news director is watching cryptocurrencies languish and wondering when prices will find a bottom (if ever). What you'll need to know tomorrowDespite that spiral, Nasdaq plans to list Bitcoin futures.Jack Ma is officially a Chinese Communist Party memberTrump is likely to increase tariffs on $200 billion of Chinese goods.Unless China's Xi Jinping persuades him otherwise over dinner.Here's what oil at$50 a barrel means for the world economy.Tech stocks have plunged recently. Is the boom finally over?Here's another warning sign that the U.S. economy will slow in 2019. Sponsored Content by Bright Cellars Two MIT grads walk into a VC firm (no, not a bar) and the result was a venture-backed wine company that is fueled by - you guessed it - data science. Their algorithm can predict wines you'll like by asking 7 easy non-wine questions (how do you take your coffee?). Take the quiz to see your matches. What you'll want to read tonightIf you just made a nice windfall selling your property, or came into a fat inheritance, or just happen to have a large nest egg sitting around, here are some ideas from our inaugural survey of experts on where to park $1 million. Suggestions range from leveraging the trade war between China and the U.S. to Vietnamese condos, or 300-year-old tea. Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more. Wake up with the biggest stories in politics: Balance of Power, which arrives in your inbox every morning, breaks down the latest political news, analysis, charts, and dispatches from Bloomberg reporters around the globe. Sign up here. Download the Bloomberg app: It's available for iOS and Android. |