Editor’s Letter
Editor
Christine Harper
Design Director
Josef Reyes
Features Editor
Stryker McGuire
<GO> Editor
Jon Asmundsson
Special Reports Editor
Siobhan Wagner
Graphics Editor
Mark GlassmanBloomberg Markets draws on the resources
of Bloomberg News, Bloomberg TV,
Bloomberg Businessweek, Bloomberg
Intelligence, Bloomberg Economics,
BloombergNEF, and Bloomberg LP.Editor-in-Chief
John Micklethwait
Deputy Editor-in-Chief
Reto Gregori
Advisory Board
Chris Collins, Tina Davis,
Caroline Gage, David Gillen,
Chris Nagi, Jenny Paris,
Marty Schenker, Joe Weisenthal
Creative Director
Christopher Nosenzo
Photo Director
Donna Cohen
Managing Editor
Kristin Powers
Copy Chief
Lourdes Valeriano
Copy Editors
David Purcell, Marc Miller
Production Manager
Susan Fingerhut
Map Manager
Ilse Walton
Production Associate
Loly ChanProduction/Operations
Steven DiSalvo, Debra Foley,
Thomas Gambardella,
Dan Leach, Daniel W. Murphy,
Carol Nelson, Bernie Schraml
Global Head of Advertising
and Marketing
Stephen Colvin
Head of U.S. Sales
Anthony DeMaio
Head of APAC Sales
Mark Froude
Head of Middle East
and Africa Sales
Amit Nayak
For advertising inquiries go to
bloombergmedia.com[email protected]The
Innovation
Issue
Politicians get the attention, but innovators are creating
our future. For this issue, Bloomberg Markets reports
on what some of them are doing today and what
obstacles they’re encountering.
Europe’s startup scene has long been
overshadowed by Silicon Valley, much to the chagrin
of policymakers across the Continent. One simple,
but politically risky, change could make a big difference,
explains Edward Robinson in “Europe Neglects Its
Unicorns” (page 58).
At Oxford University, American chaos scientist
Doyne Farmer is intent on upending economic modeling,
just as he revolutionized investing. Now some central
bank research departments are starting to experiment
with his ideas, as Vincent Bielski describes in “Getting
Comfortable With Chaos” (page 62).
The world of fintech can sometimes seem more
hype than reality. What should investors be taking
seriously? Julie Verhage helps to break it down for you
in “Fintech Facts” (page 54).
Hydraulic fracturing, photovoltaic cells, and wind
turbines have transformed the energy industry over
the past decade. Yet none compare with the potential
of nuclear fusion—a process that scientists have been
studying for a century—if it can be safely and cost-
effectively harnessed. In “Star Power” (page 68),
Jon Asmundsson and Will Wade check in on three
companies pursuing this holy grail.
Cryptocurrencies attract idealists like Ashleigh
Schap, who want to fundamentally replace the existing
financial structure. But Schap, 27, has learned that even
crypto pioneers are divided. Alastair Marsh details the
schism in “A Rebel’s Guide to Finance” (page 76).
We hope you find the issue illuminating and
inspiring. As always, we welcome your feedback.
Christine Harper, Editor