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Cup
Bombshellreports:thetruthaboutHiroshima
WhenAmericanwarplanesdroppedatomicbombsonHiroshimaandNagasaki,Americansback
homewholeheartedlyendorsedtheattacks.
Theirapproval,however,disintegratedwhenJohnHersey,awarcorrespondent,revealedthe
horrifyingaccountsofHiroshima'ssurvivors.
Inturn,LesleyBlume,ajournalist,tellsHersey'sstoryin“FaHout”.
Publishedthispastweek,75yearsafterthebombings,MsBlume'sbookdetailsHersey'smission
toalerttheworldoftheblast'slastingeffects,namelyradiationpoisoning.
Althoughthepublichadseentheinfamousimagesofthemushroomcloud,fewunderstoodthetrue
natureofthetollexactedonHiroshima'sresidents.
America'smilitaryofficials,whoatfirsthadnotknowneither,intendedittostaythatway.
TheireffortswerethwartedwhentheNewYorkerpublishedHersey's30,000-wordtourdeforce.
MsBlumepaystributetohispieceandprocess,remindingreadersofthechangethatcanbewrought
byonededicatedjournalist.
Cup2
Indeepwater:floodsin
Bangladesh
Indeepwater:floodsinBangladesh
Bangladeshisexperiencingitsworstfloodinginadecade,followingCycloneAmphan,andis
preparingformore.
Atleast100peoplehavediedandmillionsarehomeless.
One-thirdofthecountryisunderwater.
HeavyrainfallsinthegreatbasinwheretheBrahmaputrarivermergeswiththeGangesand
Meghna-where8%ofhumanitylivesonjustl%oftheworld'sland—aretoblamefortheflooding,
whichhasalsoaffectedIndiaandNepal.
Bangladeshiscientistssaytheyseethe“fingerprints“ofclimatechange;thoughthisisa”one?in-
twenty-years"flood,itisactuallythefifthsuchinthatperiod.
Andasiftheflooding,whichisexpectedtorecedeinlateAugust,hadnothurtBangladeshisenough,
thecovid-19pandemicstillrages.
Theeconomy,previouslyoneoftheworld'sfastest-growing,hastakenabattering,drivingupboth
unemploymentandpoverty.
Cup3
Halfmeasures:Britain's
state-sponsoredmealdeal
Halfmeasures:Britain'sstate-sponsoredmealdeal
Economistshavelongsaidthatthereisnosuchthingasafreelunch.
ButforBritonsthisAugustthatisonlyhalftrue.
Startingtodaythetaxpayerwillpayhalfthecostoftheirmeals.
TheTreasurydubsthescheme“eatouttohelpout”.
Buttherearecaveats,andlotsofthem.
Dinersmusteatin(ienotgettakeaway),fromMondaytoWednesday,uptoamaximumof£10per
personpermealandalcoholisexcluded.
Morethan53,000businesseshavesignedup.
VATforthehospitalityindustryhasalsobeenslashedfrom20%to5%until2021.
TheTreasuryhopesthatthetwomeasureswillstimulateconsumerspending.
Yetevenasitencouragesdiningout,thegovernmenthasannounceda“pause“onthelooseningof
otherrestrictionsinEngland.
Britain'sleadersaresendingmixedmessages.
Cup4
Healthywarning:Google's
acquisitionofFitbit
Healthywarning:Google'sacquisitionofFitbit
TheEuropeanUnionwillannouncetodaywhetheritwillopenafull-scaleinvestigationinto
Google's$2.1bntakeoverofFitbit,afitness-trackingfirm.
Ifrecentpressreportsareright,itwill.
Thiswilldelaythedeal,whichwasfirstannouncedinNovember.
TheEUworriesthattheinternetgiantwillusethehighlypersonaldatacollectedbyFitbitdevices—
fromheartratestosleepingpatterns—tohelpitdirectadvertising.
LastmonthGoogletriedtoalleviatetheconcernbygivingitswordthatitwouldnot.
ButtheEUreportedlywantsfurtherconcessions,suchasallowingthirdpartiestouseFitbifsdata
onequalterms.
Regulatorsarerighttobesuspicious.
ItwouldnotbethefirsttimethatGoogleandotherbigtechcompanieshadvowednottocombine
theirdatawiththoseofanacquisitiontarget,onlytorenegeonthepromiseafewyearslater.
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Presidentsday:celebrating
BarackObama
Presidenfsday:celebratingBarackObama
TodayisthethirdannualBarackObamaDayinthe44thpresident'shomestateofIllinois.
Thedayhonours,inthewordsoftheactestablishingit,apresidentwho'"dedicatedhislifeto
protectingtherightsofAmericansandbuildingbridgesacrosscommunities”.
RecentlyMrObama,stillwildlypopularamongDemocrats,hasreturnedtothepoliticalfray.
LastweekhedeliveredapointedeulogyforJohnLewis,acongressmanfromAtlantaandcivil-
rightslegend,inwhichheurgedautomaticvoterregistration,statehoodforPuertoRicoandanend
topartisangerrymanderingandtheSenatefilibuster.
Overthepasttwomonthsheraisedmorethan$24mforhisformervice-president,JoeBiden,now
theDemocraticnominee.
Hehasalsobeenunusuallycandid,reportedlycallingMrTrump'spoliticsunativist,racist[and]
sexist,“andsayingthatthe“endpoint"ofsuchpoliciesare“whatwesawinEurope...70yearsago”.
Cup6
Galacticambitions:
Samsung'snewproductline
Galacticambitions:Samsung'snewproductline
Afterdazzlinginvestorswithstrongquarterlyearningslastweek,Samsung,aSouthKorean
technologygiant,willnowtrytoimpressconsumerswithitslatestwares.
TodayithostsitsGalaxyUnpackedevent.
Onshowwillbenewphonesandanupdatedsmartwatch.
ButSamsunglaunchesitsnewgadgetsintotheweakesteconomysincethecreationofitsflagship
Galaxylinein2009.
Sofar,itsphonedivisionhasweatheredtherecessionbroughtonbycovid-19fairlywell.
Thefirmhascutspendingonmarketing,keepingitselfprofitableamidreducedsales,andexpects
itsfigurestoimproveafterrefreshingitsproducts.
ButSamsung'sbiggestproblemisamoreperennialonethanthepandemic-inducedrevenueslump:
fiercecompetitionfromrivalconsumer-electronicsgiants.
DespitetheAmericangovernment?songoingwaragainstHuawei,theChinesefirmovertook
Samsungasthetopshipperofsmartphonesinthesecondquarter,accordingtoCounterpoint,a
market-researchfirm.
Cup7
Corporatetrinitarianism:
Siemens'sspin-offs
Corporatetrinitarianism:Siemens9spin-offs
Siemens'ssecond-quarterresults,duetoday,comeinthemidstofthebiggesttransformationinthe
company's172-yearhistory.
Onceasprawlingconglomerate,itisbeingsplitintothree.
FirstHealthineers,amakerofmedicaltechnology,whichannouncedonSundaythatitisbuying
Varian,anAmericanoncologyspecialist,for$16,4bn,wasspunoffin2018.
InSeptember,Siemens'sgas-and-powerunitwillbecomeSiemensEnergy,whichjustleavesthe
corecompany,focusedonindustrial-automationsoftwareandsmartinfrastructure.
ThelistingofSiemensEnergyislikelytobethelastbigmoveofJoeKaeser,whostepsdownas
chiefexecutiveinFebruary.
Thedisaggregationofthecompanyishislegacy,andallthreenewbusinessescouldbelistedonthe
DAX,theindexofGermany's30biggestlistedcompanies,inthenearfuture.
Howdidhepullitoff?
Hepersuadedshareholdersthatconglomeratesfostermediocritybecauseoftheirinherentlackof
focus.
Cup8
Copingwith2020:the
AmericanPsychological
Associationconvention
Copingwith2020:theAmericanPsychologicalAssociationconvention
Trulybignewsleavesanimpressiononthemind.
Initsannualconvention,whichbeginstoday,theAmericanPsychologicalAssociationwillexplore
thementalh
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