Business Beast


	December 10

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CULTURE

The rich keep spending millions and driving up prices. But what happens when the bubble bursts? By Blake Gopnik.

TECH

Instead of criticizing the company’s $100 million U.S. investment as too small, think about its ripple effects. By Daniel Gross.

IN NEWSWEEK

Uber, a taxi-service app, is facing regulatory hurdles. Daniel Gross on the new road rage.


	Michael Bloomberg is considering purchasing the Financial Times Group, which includes the paper and a half interest in The Economist, according to The New York Times.”
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WORTH A LOOK

How tax breaks backfire, a reclusive Israeli billionaire who got rich off African minerals, and more.

OPPORTUNITY COSTS

He could push fossil-fuel development to drive economic growth—or please his green constituency. By Joel Kotkin.

Missing and Presumed Rich

A Better Banking Experience


In response to Should H-P Break Up?:
I think the board needs to take a good long look at itself. Look at the line of CEOs: Fiorina, Hurd, Apotheker, Whitman. Certainly it hasn't been completely downhill, but there has been a lot more bad than good. I really didn't like the idea of Whitman being the CEO, and now look at the Autonomy debacle. Pretty sure both founders are rolling in their graves at the state of this company. — Jane Meyeres
In response to Obama’s Energy Dilemma:
I say go for it. New York City and the state of Florida may end up under water as a result of climate change, but hey, that will just create more jobs building on higher ground. Go economy! — BarryLyons

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Michael Bloomberg is considering purchasing the Financial Times Group, which includes the paper and a half interest in The Economist, according to The New York Times.”