Bloomberg Businessweek Europe - 07.10.2019

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◼ CONTENTS Bloomberg Businessweek October 7, 2019

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Cover photos: Getty

CORRECTION In “The Return of Rooming Houses” (Finance, Sept. 23), Arjan Schütte’s name was misspelled. Images (5); Alamy (1) CARS: PHOTOGRAPH BY VICTOR PRADO FOR BLOOMBERG BUSINESSWEEK; PROP STYLIST: ANDREA GRECO

◼IN BRIEF 9 Broker battle ● Ecuador exits OPEC ● Grassley vs. Trump

◼ AGENDA 10 FOMC minutes ● Portugal votes ● Beach Games in Qatar

◼ OPINION 10 Democrats should proceed carefully on impeachment

◼ REMARKS 12 Superpowers don’t want Serbia and Kosovo to get along

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BUSINESS 16 AT&T’s brain drain may sap its media ambitions

18 Spurned by the U.S., Chinese students head elsewhere

19 CEO Ed Bastian on Delta’s winning strategy

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TECHNOLOGY 20 Under the Neumanns, WeWork just didn’t

22 A greener, cheaper AC for our ever-hotter cities

3

FINANCE 24 The age of private equity ● PE flexes its muscles in D.C.

● Carefully examine those stellar returns ● The dark

side of leveraged buyouts ● Your new landlord might be

a fund ● Inequality on steroids? ● A brewing debt bubble

● Hot new market, same old boys’ club

ECONOMICS 34 An excerpt from Robert Shiller’sNarrative Economics:

How Stories Go Viral & Drive Major Economic Events

POLITICS 38 GOP senators find themselves in an impeachment bind

40 Once again, Rudy is in the spotlight

SOLUTIONS 42 Toyota and its Kentucky workers learn to improvise

44 Louis Vuitton rules the world by staying close to home

45 The titans of Taiwan have second thoughts about China

◼ PURSUITS 63 ▼ What to do after a supercar smashup

66 Change up your cheese board

68 Come on in, the cocktails are fine!

70 A new leader at the Brooklyn Academy of Music

71 Earbuds that can go all day long

◼ LAST THING 72 A better way to describe billionaires