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◼ CONTENTS Bloomberg Businessweek October 12, 2020Cover:MandelNgan/
AFP/GettyImages JACINDA ARDERN: PHOTOGRAPH BY SARA ORME FOR BLOOMBERG BUSINESSWEEK◼INBRIEF 5 Vaccinesafety● Turbulentskies● Thelastpictureshows
◼OPINION 6 Onlineschoolingdoesn’thavetobea disaster
◼AGENDA 6 Boffobankearnings● ConeyBarrettheadstotheSenate◼REMARKS 8 Trumpdealswithhisinfectionthewayhe’shandledthe
pandemic—recklesslyandwithmagicalthinking1
BUSINESS 13 Masslayoffsin theMagicKingdom
16 RetailersscrambletokeepBlackFridayin theblack2
TECHNOLOGY 19 Cloudcomputingstocksclimbintotheouteratmosphere
20 BlakeSchollnevergaveuponsupersonicjets3
FINANCE 24 Theworld’sgonemad.Whyis themarketsocalm?
25 Tradersarepricingin volatility—afterNov. 3
26 Fintechcompanieswerethego-tolendersforPPPfraudECONOMICS 28 Withinflationabsentdespitelowinterestrates,
alltheFedcandois cooPOLITICS 33 ▼ WherevotersareabouttorewardCovidprudence35 It’sa toughtimetobea BlueDogDemocrat.Askthisone
36 You’veheardofcourtpacking.Butjurisdictionstripping?◼PURSUITS 55 Youcanhittheslopesthisyear—withtherightkindoflift
58 AnAlpineresortrethinksskiingaprèsCovid
60 Whattoserveata winterpicnic
62 Fora privateclub,GravityHausis totallydown-to-earth
63 A stylishtoteforyourwetskiboots◼LASTTHING 64 We’renotsokeentogetontheroadagainHow to Contact Bloomberg Businessweek
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should be disclosed. We reserve the right to edit for sense, style, and space ● Follow us on social media ▶ FACEBOOK facebook.com/
bloombergbusinessweek/ ▶TWITTER @BW ▶ INSTAGRAM @businessweek◼ COVER TRAIL
How the cover
getsmade
①
“Can you believe it’s
October 1st already?
Where did 2020 go?”
“And what a year it’s
been. Nothing could
shock me now.”
[The next day]
“So ... the president
got Covid.”
“Wow! Did not
expect that.”
[Three days later]
“So, I’ve got another
2020 shocker for you:
The president is leaving
the hospital already.”
“Uh ...”
“Those ’roids must make
you feel real good.”
“Meanwhile,
the Trump cluster is,
well, a clusterf---.”
“I mean, they haven’t
exactly been rigorous
about mask-wearing. But
it’s the White House—I’m
sure they’ll figure it out.”
[One day later]
“I’m losing track of
how many staffers
have tested positive—
Stephen Miller is the
latest—but now the Joint
Chiefs are isolating,
and it seems like the
president’s supporters
don’t think any of this is
a big deal.”
“The man is contagious
in more ways than one.”