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Race exits the debate stage

Bloomberg Equality
Bloomberg

Remember last year when then-presidential candidate Senator Kamala Harris called out former U.S. Vice President Joe Biden over his record on integration and busing? Now that all the nonwhite candidates have departed the Democratic debate stage, racial equality seems to be taking a backseat to issues of age and gender.

At this week's debate in Des Moines, 78-year-old Senator Bernie Sanders brought up his age—referring to the Vietnam War as one of the worst decisions "in our lifetimes." He was standing next to former Mayor Pete Buttigieg, a candidate born seven years after the war ended.

Sanders also denied allegations that he told Senator Elizabeth Warren two years ago that a woman couldn't win the presidency in 2020. She pointed out that the men on the stage had lost 10 elections, while she and the other remaining female candidate, Senator Amy Klobuchar, haven't lost one.

As the Iowa caucuses approach, Bloomberg Businessweek reports that Sanders is building momentum at exactly the right time. Ultimately for the Democratic Party, it may end up being less about race, age or sex, and more about who can defeat Donald Trump. —Philip Gray

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The U.S. and China signed the first phase of a trade deal, which the president contends addresses Chinese predation against American companies and workers.

The pay gap between women and men at Citigroup, the only major bank to publicly detail its disparity, has begun to shrink.

Women now make up the majority of the U.S. labor force.

Microsoft's $500 million pledge to address housing inequality in Seattle is well-intentioned but insufficient, writes Bloomberg Businessweek.

The Japanese environment minister, seen as a successor to the nation's current leader Shinzo Abe, could make history by taking paternity leave...for two weeks. Maybe. Spread out over three months. If he isn't too busy at work.

Ever wonder why so many things cost precisely zero, where you neither pay nor get paid to use them? Internet searches. Emails. Social media. Broadcast television and radio. Bloomberg Businessweek explores why you don't pay.

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China has tightly controlled where people moved, institutionalizing the divide between urban and rural standards of living. Now Beijing is easing off, and cities farther from the coasts will benefit.

A financial crisis for Japan's aging women 

What happens to a nation when life expectancy rises and birth rates fall? Japan's experience shows that society chugs along for a while, but eventually the number of working taxpayers shrinks while the number of dependent elderly soars. What happens to a nation that underpays women and also forces retired citizens to rely on their own savings? One study found that Japanese women are likely to run out of money 20 years before they die. In a few decades, half of all elderly women in Japan will live in poverty.

 

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