Covering Industrials and M&A for @opinion. Views my own. Sign up for my newsletter on all things industrial: bloom.bg/2HKYqBP
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Industrial Strength is expanding! 🥳The newsletter will now come out twice a week. It covers everything from airlines to air conditioning, manufacturing to M&A, robots to railroads and more. Sign up to get it in your inbox, now on Wednesdays and Fridays: bloomberg.com/account/newsle…
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DOGE claimed to have wrought $8 billion in savings by killing one contract. Except it was worth $8 million, not $8 billion.
For context, ICE's total annual budget is about $9 billion.
bloomberg.com/news/articles/… via @bpolitics
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BREAKING: Kamala Harris is projected to win Massachusetts bloom.bg/election2024tracker
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MANY posts on the Bloomberg liveblog with reporters and editors across swing states and the globe doing analysis and react. bloomberg.com/news/live-blog…
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"A cellphone without a network is AI without data. It is completely useless." @Xerox's CEO Steve Bandrowczak discusses #AI's reliance on data and communicating with clients within the industry with @blsuth at #TheFutureInvestor
⏯️bloom.bg/4f4foFQ
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Public spending on child-care and pre-primary education in the US was about 0.3% of GDP in 2019. Defense spending accounted for about 3%.
Berlin is a case study in how affordable childcare is possible, via @chrismbryant @opinion:
bloomberg.com/opinion/articl…
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Manufacturers are increasingly realizing that a lack of affordable childcare is limiting their labor pool and they've been exploring ways to solve this problem through onsite daycares, public-private partnerships and subsidies. My story from last year: bloomberg.com/opinion/articl…
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More flexible schedules can also help bring parents into the workforce. GE Appliances is among the companies that's trying to evolve beyond the typical manufacturing model of at least eight-hour shifts, five days a week and experiment with part-time work bloomberg.com/opinion/articl…
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the collapse of steward health care has massachusetts lawmakers pointing fingers at its landlord in recent legislation. @blsuth and i took a look at why real estate experts believe the proposed fixes miss the mark, for @business bloomberg.com/news/articles/…
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It’s time to abandon the premise of interchangeable CEOs, who are produced at a GE-like people factory and can be swapped in and out like widgets, says @bethkowitt: bloomberg.com/opinion/articl… via @opinion
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Acquiring Spirit would make Boeing an even more dominant force in airplane manufacturing. When a company is as integral to the US economy as Boeing is, it’s not in anyone’s interest to hit the planemaker where it really hurts. Today's newsletter bloomberg.com/news/newslette… @business
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A bipartisan group of politicians gathered in Boston last week to discuss "whole of government approach” to safeguarding a US biotech supply chain that's heavily dependent on China bloomberg.com/news/newslette… via @AnsteyAsia for @economics
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Harvard University is bracing for two bills in its home state of Massachusetts this year that would target the school’s massive $51 billion endowment and policy of admitting legacy applicants bloomberg.com/news/articles/… by @JanetLorin via @business
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Li-Cycle Holdings announced it would pause construction on a first-of-its-kind lithium ion battery recycling plant pending a review of the scope and budget. bloomberg.com/news/articles/… via @markets
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This follows a spate of push-outs on the construction of new EV plants. Expectations for an industrial super-cycle powered by “megatrends” and government stimulus are colliding with economic and market realities. Friday's newsletter, ICYMI:
bloomberg.com/opinion/articl… @opinion
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Current geopolitical tensions would seem to demand a meaningful boost to defense budgets, but Congress can’t — or won’t — deliver it at the moment. This paradox has kept a lid on the performance of defense stocks. Wednesday's newsletter: bloomberg.com/opinion/articl… @opinion
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The robots are coming, but not at the pace that they were during the peak of the post-pandemic labor shortages. That's not what one would expect if the US is really in the middle of a reshoring boom. Last week's newsletter, ICYMI: bloomberg.com/opinion/articl… via @opinion
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Included in the CR headed to Biden's desk is an FAA extension through Dec. 31 to avert a lapse at midnight
Long-term FAA reauthorization remains stalled. Congress often relies on short-term FAA bills when it can't reach an agreement bgov.com/next/news/S1TSC4T0G…
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The robots are coming, but automation investment appears tied to labor shortages and doesn't signal a reshoring boom in the US, @blsuth says trib.al/nYRTc26
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