America presses pause

Weekend Reading
Bloomberg

The official numbers have begun to confirm what many Americans feel in their bones: the economy is buckling once again. For the rest of the planet, it's going to be a slow recovery as bailout programs expire. Asia has a warning for anyone expecting a V-shaped rebound. Republican lawmakers are racing against the clock to pass a second bailout bill. Similar cash handouts could curb the coronavirus's spread in poor nations.

What you'll want to read this weekend

If you're afraid of getting laid off, here's how to prepare. Many Americans are out of work because they don't have child care, and as offices reopen, preschooler parents face tough choices. Silicon Valley has a solution: it's called a "schoolpod."

A long power struggle finally ended at one of the world's biggest private equity names. Don't always believe the big returns that the industry says it makes, however. With many Wall Street workers set to go back to their desks, a few lonely traders never went home.

Not welcome. Caribbean resorts don't want Americans to come to the party, and Ireland's bar workers are spooked at the sight of U.S. tourists. Amsterdam wants nothing to do with Europe's tourism revival. Asiana Airlines is flying an A380, going nowhere and carrying no passengers, just to keep trainee pilots certified.

Company executives are acknowledging the persistence of racial injustice. Ben & Jerry's once again perfected the delicate recipe for corporate activism. Philadelphia's district attorney is prepared to prosecute federal security agents if they try to assault and detain citizens like they have been doing in Portland, Oregon.

New York City's reopening is taking shape along income and racial lines. The Big Apple's sweltering heat wave is the new normal for climate change. In the future, solar and wind power will be everywhere you look.

What you'll need to know next week

What you'll want to read in Businessweek

Juul Has Quietly Revamped Its E-Cigarette

Juul did something that manufacturers in other industries do as a matter of course when a product is flawed: It fixed the problem. The updated model was given the internal code name Jagwar, after a Ninja Turtles character. But the changes to the world's bestselling e-cigarette might draw unwelcome attention from regulators.

 

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