Bloomberg Businessweek - USA (2019-10-07)

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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

◼INBRIEF 9 Brokerbattle● EcuadorexitsOPEC● Grassleyvs.Trump

◼AGENDA 10 FOMCminutes● Portugalvotes● BeachGamesin Qatar

◼OPINION 10 Democrats should proceed carefully on impeachment

◼ REMARKS 12 Is it open season on unicorns?

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BUSINESS 16 AT&T’sbraindrainmaysapitsmediaambitions

18 SpurnedbytheU.S.,Chinesestudentsheadelsewhere

19 CEO Ed Bastian on Delta’s winning strategy

2

TECHNOLOGY 20 UndertheNeumanns,WeWorkjustdidn’t

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

3

FINANCE 24 Theageofprivateequity● PEflexesitsmusclesin D.C.

● Carefullyexaminethosestellarreturns● Thedark

sideofleveragedbuyouts● Yournewlandlordmightbe

a fund● Inequalityonsteroids?● A brewing debt bubble

● Hot new market, same old boys’ club

ECONOMICS 34 AnexcerptfromRobertShiller’sNarrativeEconomics:

How Stories Go Viral & Drive Major Economic Events

POLITICS 38 GOPsenatorsfindthemselvesin animpeachment bind

40 Once again, Rudy is in the spotlight

SOLUTIONS 42 ToyotaanditsKentuckyworkerslearntoimprovise

44 LouisVuittonrulestheworldbystayingclosetohome

45 The titans of Taiwan have second thoughts about China

◼ PURSUITS 63 ▼ What to do after a supercar smashup

66 Changeupyourcheeseboard

68 Comeonin,thecocktailsarefine!

70 A newleaderattheBrooklynAcademy of Music

71 Earbuds that can go all day long

◼ LAST THING 72 A better way to describe billionaires