The Big Take

Under Xi Jinping, China has become an even harder target for America’s spying operation.

Bloomberg's Laura Carlson reads "China Is Evading U.S. Spies — and the White House Is Worried" by Peter Martin, Jennifer Jacobs and Nick Wadhams. 

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A case study showing how the estate tax is entirely avoidable.

Bloomberg Businessweek's Mark Leydorf reads "Hidden Ways the Ultrarich Pass Wealth to Their Heirs Tax-Free."

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Deep cuts by airlines left some 100,000 pilots globally working skeleton hours or on long-term leave. Many haven’t flown for more than 18 months. But as rising vaccination rates allow travel to resume, concerns are growing that a lack of proficiency, confidence, or simply one moment of forgetfulness could lead to tragedy.

Bloomberg's Laura Carlson reads "Out-of-Practice Airline Pilots Are Making Errors Back in the Air" by by Angus Whitley and Anurag Kotoky.

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Tether is what’s come to be known in financial circles as a stablecoin—stable because one Tether is supposed to be backed by one dollar. But exactly how Tether is backed, or if it’s truly backed at all, has always been a mystery.

Bloomberg Businessweek's Mark Leydorf reads "Anyone Seen Tether's Billions?"

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Brazil’s crops have been scorched, frozen and then dried out by the worst drought in a century, upending global commodity markets. Bloomberg's Laura Carlson reads "The Country That Makes Breakfast for the World Plagued With Fire, Frost, Drought."

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For anyone hoping to see light at the end of the Covid-19 tunnel over the next three to six months, scientists have some bad news: Brace for more of what we’ve already been through. Bloomberg's Laura Carlson reads "Pandemic's Next Six Months Will Pit Vaccines Against Variants."

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The children of 9/11, some 3,000 in number, are grown up now and chasing their own dreams. A few dozen have sworn an oath, like the parents they lost once did, to serve New York as firefighters or police officers. And a few dozen have followed the ones they lost onto Wall Street — some into the very same investment firms. Bloomberg's Laura Carlson reads "Generation 9/11: Following Parents They Lost Onto Wall Street"

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Beijing’s retaliation against Australia’s repeated calls for an international probe into Covid-19's origins is a clear example of what can happen to even the wealthiest nations if they annoy China enough, according to people familiar with the situation. Bloomberg's Laura Carlson reads "Calls for a Covid Probe Plunged Australia Into a Hacking Nightmare."

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For years, America’s most upbeat retailer funded surveillance to make inner cities safe—for some. Now it’s trying to convince people of color that it’s changed.

Bloomberg Businessweek's Mark Leydorf reads "Target’s Cozy Police Legacy Leaves Black Americans Wary."

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As policy makers prepare for another Jackson Hole conference — the second straight one Powell will address virtually rather than traveling to Wyoming — the economic picture looks much different. The big fear? The Fed will be slow to rein in inflation, paving the way for a sustained take-off in prices, along with a housing bubble that policy makers will eventually have to deal with by jacking up interest rates and derailing the recovery. Bloomberg's Laura Carlson reads "Jerome Powell’s Policy Revolution Was Blindsided by Covid-19."

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