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A Last Ride in New York's Disappearing Horse Elevators
Bloomberg Originals· 2025-08-11 08:00
Here I go. I need to release the brake and that allows the stop to go through. So this whole unit, I believe, has been here since when they first built the building.There were two prior owners to this building going residential. It was originally a stable. All the carriages were on the ground floor and all the horses came up because real estate, even over 100 years ago, was so expensive.It was cheaper to go up, as opposed to go wider. Starting at the end of the Civil War up until 1900, this area was really ...
How Samsung Missed the AI Moment
Bloomberg Originals· 2025-08-08 08:01
When you're out shopping for seven megawatt offshore wind turbines, you think Samsung right. Well, probably not. The brand is much more famous for its phones and flat screens.But arguably the most important drivers of South Korea's biggest family business are these things. And for the first time in decades, the company's got a massive problem here. Samsung is under assault from all sides and they are getting stretched thin.Samsung. Is in this position of playing catch up and that's difficult to do if you do ...
The Mysterious Rise of China’s Desert AI Hubs
Bloomberg Originals· 2025-08-01 08:00
Here in this remote northwestern corner of China, is a town at the center of the country's AI ambitions. We are going to go there to see how the construction going and basically get a better understanding of how these data centers fit in with the overall strategy, for China to build its AI capabilities The Xinjiang region is sensitive. China has been accused of human rights abuses against its ethnic Uyghur population.Foreign journalists who go here are monitored. It seems to be a white car following us. I'm ...
The Shadowy Cambodia-Based Service That Profits From Scams
Bloomberg Originals· 2025-08-01 06:00
On the edge of this once sleepy coastal town in Cambodia, a concrete fortress looms. Tainted by allegations of fraud and exploitation. We’re in the car right now because it’s not especially safe to be out.This isn’t just a getaway. This is a key gateway to global crime. A number of grim reports have surfaced of the proliferation of scam compounds in the region.These are places where trafficked people are forced to scam people out of money in different jurisdictions around the world. What hadn’t been explore ...
Tom Brady's Next Act Is a Mystery
Bloomberg Originals· 2025-07-29 19:29
What is this place. We're just here. You know, we This is where our office is. This is your office. Oh, your your joint office.It's his office, but I use it sometimes. Just like it's a little barren. So, buddy, don't worry.How's it going. Do you own a colored shirt. I do own a colored shirt.All right, guys. Thanks so much. Hi, Emily.Nice to see you, too. Thanks for having us. Nice to meet you. Nice to meet you.You guys want to tell them what happened when Joe Keem paid me one-on-one today. Joe Keem know and ...
How Trump Took on the World's Richest College
Bloomberg Originals· 2025-07-25 08:01
Divisions in American politics are often played out on college campuses. Free, >> but actions by the Trump administration against some of America's top universities are unprecedented. >> I think Harvard's a disgrace.>> Trump likes big shiny objects that have lots of prestige and lots of name recognition. So, it's not surprising that he's going after Harvard. As the oldest university in America, the Harvard Corporation predates the founding of the United States.It's sort of considered the pinnacle of of ever ...
Where Will Private Markets Will Lead the Economy?
Bloomberg Originals· 2025-07-24 18:34
Concerns Regarding Private Credit - The financial system is potentially creating a new shadow banking system as activities move away from traditional banking [1] - The economy and economic growth are exquisitely sensitive, raising questions about the performance of these investments, especially at this scale [1] - Increased size and consolidation in private credit raise concerns about underlying risks [2] - Banks' lending to private credit firms creates interconnectedness [2] - A major accident in private credit has not yet been observed [2]
Meet the Vigilante Taking Down UK Visa Scammers
Bloomberg Originals· 2025-07-24 16:00
Why would you pay £10,000 to a stranger. You don't know this person. You've never met this person.You just pay. You don't go in the car park, give someone cash, you don't take a picture, don't record anything. They go.This thing has to stop. My name is Mr. . Brown.I'm from Zimbabwe. I've been in UK since half of my life actually since 2005. Right.So, this is my Facebook page. see us scammers and fraudsters. People knew that people in Africa and other countries they are desperate to come here.I was reading a ...
How Private Markets Have Grown Into a Multitrillion-Dollar Force
Bloomberg Originals· 2025-07-23 18:01
Private Credit Market Growth - Private markets have expanded significantly, reaching a $13 trillion valuation [1] - The private credit industry tripled in value from $517 billion in 2015 to over $1.7 trillion in 2025 [1] - The industry is expected to increase by 50% in the next 4 years [1] Risks and Concerns - Regulators and investors are concerned about the risks associated with private credit's rapid growth [1] - Systemic risks are a concern due to the size of the private credit market [2] - Rising interest rates pose a significant risk, potentially straining borrowers' balance sheets [2] - Default rates are expected to rise, regardless of a recession [2] - Private credit loans are hard to value, and defaults could occur rapidly if the economy weakens [2]
UK Visa Scams Squeeze Millions From Would-Be Care Workers
Bloomberg Originals· 2025-07-23 16:01
For over a year, I've been investigating cases of scammers who have prayed on vulnerable people trying to come to the UK as migrant care workers. The origins of this all started in CO uh during the pandemic. The government realized that it needed to do something to allow more people to come into the country to fill those vacancies that existed.This is an example of a certificate of sponsorship. This is the document that a migrant worker needs to be given by an employer in the UK and it has a code on it and ...