Bloomberg Businessweek Bloomberg Businessweek Weekend - February 14th, 2025
9 snips
Feb 14, 2025 
Max Chafkin, a Bloomberg Businessweek columnist, dives into the transformative effects of Elon Musk. Jeremy Waxman, CEO of Zillow, discusses housing market challenges, high mortgage rates, and the need for federal support. Mike Cannon Brooks, CEO of Atlassian, shares insights on AI's impact on tech spending and innovative strategies for businesses. The conversation touches on cryptocurrencies, the importance of government policies in real estate, and the dynamic interplay between technology and the housing industry.
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Doge Chaos Threatens Safety Nets
- Elon Musk's Doge team targeted Lutheran Charities, causing chaos.
- These charities provide vital social safety net services like food pantries and shelters.
Funding Cuts Paralyze Aid Organizations
- USAID funding cuts affect not only direct recipients but also the broader network of organizations they support.
- This disruption has far-reaching consequences for those in need.
Doge's Efficiency Goal Causes Collateral Damage
- Critics argue that while Doge aims for government efficiency, it causes collateral damage.
- The NIH overhead cutbacks, for example, will impact jobs and research.