In this issue

In this issue:

CEO Ed Bastian on Delta’s winning strategy

We Can’t Believe It’s Just Butter How Ireland’s Kerrygold conquered America’s kitchens

Silicon Valley Goes to War The military loves Anduril’s drone killers. The tech world? Not so much.

Time For The Unicorn Talk

Is it an endangered species? Not yet. But vigilantes are thinning the herd

5 mins

Maybe AT&T Isn't Ready For Its Close-Up

It’s amassed a huge media business, but an entertainment brain drain worries a big investor

4 mins

It's Private Equity's World. That's A Big Deal

Private equity managers won the financial crisis. A decade since the world economy almost came apart, big banks are more heavily regulated and scrutinized. Hedge funds, which live on the volatility central banks have worked so hard to quash, have mostly lost their flair. But the firms once known as leveraged buyout shops are thriving. Almost everything that’s happened since 2008 has tilted in their favor. Low interest rates to finance deals? Check. A friendly political climate? Check. A long line of clients? Check. The PE industry, which runs funds that can invest outside public markets, has trillions of dollars in assets under management. In a world where bonds are paying next to nothing—and some have negative yields—many big investors are desperate for the higher returns PE managers seem to be able to squeeze from the markets. The business has made billionaires out of many of its founders. Funds have snapped up businesses from pet stores to doctors’ practices to newspapers. PE firms may also be deep into real estate, loans to businesses, and startup investments—but the heart of their craft is using debt to acquire companies and sell them later. In the best cases, PE managers can nurture failing or underperforming companies and set them up for faster growth, creating outsize returns for investors that include pension funds and universities. But having once operated on the comfortable margins of Wall Street, private equity is now facing tougher questions from politicians, regulators, and activists. One of PE’s superpowers is that it’s hard for outsiders to see and understand the industry, so we set out to shed light on some of the ways it’s changing finance and the economy itself.

10+ mins

Job Killer

Concerns that machines would replace workers went viral during the Great Depression, sparking fears of chronic unemployment

10 mins

Will The Senate Have Trump's Back?

Majority Leader Mitch McConnell has given himself a tiny bit of wiggle room

4 mins

How To Stop A Speeding Train

China’s state-owned rail car company looked like a juggernaut until competitors started talking about unfair practices— and even espionage

10+ mins

Pat O' Gold

Kerrygold’s butter has conquered America’s kitchens, because its happy Irish cows eat only grass. Oh, yeah, and great marketing

10+ mins

'You Are Signing Up To Build Weapons'

Tech’s most controversial startup, founded by A 27-year-old Gamer and backed by Trump’s favorite billionaire, makes attack Drones

10+ mins

So, You Crashed Your Bugatti. Now What?

The complicated, costly, world-crossing process of fixing a wrecked supercar.

6 mins

When The Stage Is Brooklyn

David Binder wants to awaken new audiences to a 158-year-old outer-borough cultural institution.

3 mins

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