Topics include US-China relations, Israeli economy and war, social media recruitment, shipwreck hunting, the 'Geek Way' in business, the power of AI, water scarcity and climate change, women in the CIA, making financial services accessible to immigrants and minority-owned businesses.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
The cover story of Bloomberg Business Week magazine reveals the hidden world of a London hedge fund manager who also doubles as a deep sea treasure hunter, showcasing the thrill of treasure hunting, the use of state-of-the-art technology, rivalries among treasure hunters, and the financial motivations behind this captivating and mysterious venture.
Happy Mango is a technology company that provides technology to financial institutions, such as banks and credit unions, and helps them extend affordable credit to individuals who struggle to get access to credit, focusing on serving low to moderate income markets, recent immigrants, and minority-owned businesses, showcasing the success of their approach through alternative credit assessment metrics and lower default rates.
Deep dives
London Hedge Fund Manager's Secret Deep Sea Treasure Hunting Operation
The cover story of Bloomberg Business Week magazine reveals the hidden world of a London hedge fund manager who also doubles as a deep sea treasure hunter. The investigation uncovers the secretive operations of this financier who has a high-tech endeavor to recover lost pieces of history from the depths of the oceans. The story highlights the thrill of treasure hunting, the use of state-of-the-art technology, rivalries among treasure hunters, and the financial motivations behind this captivating and mysterious venture.
Happy Mango: Making Financial Services Accessible
Happy Mango is a technology company that provides technology to financial institutions, such as banks and credit unions, and helps them extend affordable credit to individuals who struggle to get access to credit. They focus on serving low to moderate income markets, recent immigrants, and minority-owned businesses. The platform uses alternative metrics beyond credit scores to assess creditworthiness and help these individuals gain access to affordable credit. The default rate for these individuals is lower than traditional borrowers, showcasing the success of their approach.
The Secret History of Women at the CIA
The Sisterhood is a book by Liza Mundy that explores the secret history of women at the CIA. It highlights the contributions of women in intelligence and espionage during the Cold War and beyond. The book showcases the resourcefulness, ingenuity, and skill of women who played crucial roles in building America's intelligence capabilities. It also sheds light on the importance of wives in espionage and the challenges faced by women in a male-dominated field. The Sisterhood provides a fascinating perspective on the often overlooked contributions of women in the world of intelligence.
Financial Inclusion for Recent Immigrants
Happy Mango's platform has seen a rise in recent immigrants accessing its services, with almost 40% of its borrowers being immigrants. These individuals use the platform to access affordable credit for purposes such as home-building, business-starting, and transportation needs. Happy Mango's technology and collaboration with community-based financial institutions have made it possible for recent immigrants to establish their financial identities, gain access to credit, and build a foundation in their new home countries.
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek." Hosted by Carol Massar and Tim Stenovec
Hear the show live at 3PM ET on WBBR 1130 AM New York, Bloomberg 106.1 FM Boston, Bloomberg 960 AM San Francisco, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 119, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW