2019-08-26 Bloomberg Businessweek

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◼ CONTENTS Bloomberg Businessweek August 26, 2019

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Cover:

Photograph by

Sarah Anne Ward

for Bloomberg

Businessweek; prop

stylist: Paola Andrea HONG KONG: CHAN LONG HEI/BLOOMBERG

◼INBRIEF 5 SociallyconsciousCEOs;JeffreyEpstein;a deadglacier

◼AGENDA 6 Trumpin Europe;Germanelections;theU.S.joblessrate

◼OPINION 6 The EU could make Italy’s political crisis even worse

◼ REMARKS 8 The yield curve signals recession. But maybe not this time

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BUSINESS 12 CathayPacificlearnsnottoannoyChina,thehardway

14 Live PD, A&E’s hottest weapon in the war on streaming

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TECHNOLOGY 16 Whenyourchildhasa life-threateningdisease,the cure

costs$2million-plus, and you’re not covered

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FINANCE 20 Theretiredandwell-offjustaren’tspendingenough

22 Michael Hasenstab’s $115billion bet on rising rates

ECONOMICS 25 ▼ Hong Kong youth: Mad as hell and not taking it anymore

27 A housingcrisisfixHongKongbillionaireswon’tlike

29 Germany usually isn’t pro-stimulus, but desperate times ...

POLITICS 30 AttheG-7summit,multilateralismwon’truleasit oncedid

32 Democratsvs.thehealth-careindustry.Guesswho’llwin

34 The paraphernalia of modern protests isn’t all digital

SOLUTIONS 36 Orthodontistsaren’tsmilingaboutthisfixerofsmiles

38 Swapfietshasbigdreamsforitsworry-free-biking model

39 Furniture you’ll never want to throw away

◼PURSUITS 58 Ralph& Russotakeshighfashionbacktotheolden days

61 Sapphire,thelastwordin a luxurywatchface

62 Whata busysummerVirgilAblohis having

64 Thedefinitiveanswertohowlongyourpantsshould be

65 LovetheKellytote?Waittillyouseethenewone

66 Noah menswear is one part preppy, one part punk

◼ LAST THING 68 Parker-Hannifin: Little-known, but on an M&A rampage