Beverley Schottenstein had a family fortune, a Florida condo and mounting fears she was being cheated by two of her grandsons—who also happened to be her money managers at America’s biggest bank. So she decided to teach them a lesson. #Storylines #Florida #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive
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If you’ve ever taken a pain killer, there’s a good chance it came from India, the largest producer of generic medicines on the planet. CNNMoney takes you inside the country’s biggest drug maker to see how affordable treatments are made.
It’s one of the biggest thefts in history. More than $4 billion from Malaysian’s state-owned investment fund was siphoned off and the money spent on items including a private jet, a super-yacht, mansions and even Hollywood movie The Wolf of Wall Street. The 1MDB corruption scandal toppled the Malaysian government and set off investigations across
Jugyeom, or nine times roasted bamboo salt, sometimes also known as purple bamboo salt, can cost almost $100 for an 8.5-ounce jar. To make bamboo salt, sea salt must be repeatedly roasted inside of bamboo at temperatures over 800 degrees celsius. The goal is to enrich the salt with minerals and to reduce toxicity. But
Pergamena is the last workshop in the US that turns animal skins into parchment, an ancient paper-like material that nearly disappeared after the Middle Ages. CEO Jesse Meyer runs the family leather tannery business that has been in operation since 1550. MORE STILL STANDING VIDEOS: How Metal Workers In India Are Keeping A 600-Year-Old Art
Papyrus paper originated in ancient Egypt. Today, just one village still makes the paper, but after a year without tourists, workers are struggling to keep their doors open. Saied and Atef sell their products locally in Egypt. MORE STILL STANDING VIDEOS: How One Of The Last Dye Houses In Egypt Keeps Ancient Hand Dyeing Alive
Solar panels are not new. But now Tesla is using batteries to store power from the sun for use during peak electricity hours at night. Stephanie Elam reports from Hawaii’s island of Kauai which is beginning to use the technology.
If renewable energy is going to provide a steady source of energy to power grids, we need to find ways of storing it. Lithium-ion batteries are currently the dominant technology, but new rivals are emerging. These include vanadium batteries, hydrogen, and even volcanic rocks. Could they offer a serious challenge to lithium-ion’s supremacy? #sustainability ►
Lightning Ridge is a small mining town outside of New South Wales, Australia renowned for its black opal, which can sell for over $10,000 per carat. But even for an expert miner, finding high-quality black opal isn’t easy. After investing tens of thousands of dollars, a miner might not find a single gem. But as
Indigenous people in Zapotitlán have been hand-making salt here for over 2,000 years. Today, producers can’t make enough money to sustain themselves. Many have abandoned their salt lands, but one producer is determined to keep his business alive. For more information, visit Juan’s Facebook page: https://www.facebook.com/juandiego.hernandezcortes MORE STILL STANDING VIDEOS: How Indian Potters Are Reinventing
Hyperloop Technologies has begun work on a Hyperloop test track — the futuristic transportation system envisioned by Elon Musk. Laurie Segall reports.
Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities to commit offences. But why is this, and what are countries doing to fight back? See if you get
Stooges guitarist James Williamson talks about his journey from punk rock pioneer to Silicon Valley executive and back.
New York City is one of the most wasteful cities in the world. But none of its trash is actually processed in NYC. It’s sent to waste-to-energy facilities and landfills as far away as Ohio and South Carolina. It takes a vast network of sanitation workers, trucks, trains, cranes, and barges — and $429 million
Coconuts produce some of the most expensive cooking oil, selling for up to 12 times the price of canola oil in the United States. But the health benefits coconut oil devotees swear by are hotly contested, and the American Heart Association even recommended that consumption be avoided. Nevertheless, the industry is expected to grow by
Why does a Michelin-starred chef choose to work in a private household? Certainly not to cook for the family pet. Emma Jacobs investigates. Filmed by Steve Ager, Nicola Stansfield, Petros Gioumpasis, Richard Topping. Additional material: Getty. Animations by Russell Birkett. Edited by Nick Swinglehurst and Seb Morton-Clark. Produced by Nalini Sivathasan and Seb Morton-Clark. ►
Not only are small, energy efficient LEDs used in almost every piece of modern electronics, they have the greatest potential impact on energy savings globally. But LEDs didn’t have much use until the ’90s, when Japanese scientists discovered the missing link needed to complete the color spectrum: The blue LED. Video by Robin Fall Like
The Vanguard funds founder says gold and the stock market are driven by speculators and investors should not day trade.
Silicon Valley is about to commercialize revolutionary technology that will enable huge breakthroughs in the battle against global warming. #TheSpark #BloombergQuicktake #Green ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join QuickTake Originals is Bloomberg’s official premium video channel. We bring you insights and analysis from business, science, and technology
Ceylon cinnamon is native to just one region of the world. And producing it requires hours of delicate work. Even the most skilled workers can make only a few pounds of quills a day. One pound of cinnamon quills can cost $27. But not all spices labeled “cinnamon” are the Ceylon variety. Many in the
The reflation trade – which assumes a successful vaccine rollout, pent-up demand and fiscal stimulus will boost economic growth and prices – has dominated markets. The FT’s Robert Armstrong explains why investors have embraced ‘reflation-mania’ and what it means for different stocks. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or
The FT’s legal commentator David Allen Green explains why the Northern Ireland Protocol will continue to dominate rows over Brexit. Written and narrated by David Allen Green, produced by Tom Hannen. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab
At the International Space Station Research and Development Conference, the SpaceX and Tesla CEO talks sustainability, AI and education
Scottish city Glasgow once held the grim title “murder capital of Europe” but homicides in the city have fallen by 60% in just over a decade all thanks to a radical approach – treating violence as a disease. Video by Leila Hussain and Christian Capestany
Over 45,000 pocket knives are produced each day by Victorinox, Europe’s largest knife manufacturer. The iconic Swiss Army knife has been around for nearly 130 years. It was originally created by Karl Elsener in 1891. We visited the flagship store in Geneva, Switzerland to look at some of the company’s 400 different knife models. MORE
The Netherlands is the world’s second-largest exporter of food. But right now, its livestock sector is facing a controversial environmental challenge: reducing its nitrogen emissions. Along with that, farmers also have some tough longer-term climate change targets to hit. The FT’s Mehreen Khan finds out how they’re tackling the problems and whether their strategies are
Sunland, California-based Independent Studio Services is one of the largest prop houses in Hollywood with more than one million props for rent. ISS also designs and manufactures unique props for productions. Chief Executive Office Gregg Bilson, Jr. tells Bloomberg how his job has become more challenging as camera technology has improved. Not only do they
Worksman Cycles has been making industrial tricycles and consumer bicycles for more than 100 years in New York City.
The founder of GMO, known for calling several of the biggest market turns of recent decades, talks to the FT’s US finance editor Robert Armstrong about his fears for a stock market crash in 2021. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check
Hin Leong was one of the most powerful and secretive names in Asia’s oil trading industry. But an epic gamble by its founder Lim Oon Kuin left the Singaporean company badly exposed, eventually leading to its collapse. #Singapore #Oil #Storylines ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 QuickTake Originals is Bloomberg’s official premium video channel. We
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