Two years of unfettered Republican control of Washington ends Jan. 3. And despite its exhausting, constant chaos, what may also be over is the smoothest period of Donald Trump’s presidency. The GOP turned the House into a political hammer to pound the Clinton and Obama administrations; now it's the Democrats' turn. Things will get uglier from here, Bloomberg Businessweek's Joshua Green explains. —Josh Petri Here are today's top storiesSpecial Counsel Robert Mueller has a new boss: Matthew Whitaker, a Trump acolyte who openly criticized the Russia collusion probe and has the power to end it. Using a smoke bomb and a handgun, a former Marine opened fire at a country music bar in Southern California, killing 12 people and sending hundreds fleeing before apparently taking his own life. Justice Ruth Bader Ginsburg, the 85-year-old leader of the Supreme Court’s liberal wing, was hospitalized after falling in her office and breaking three ribs, the court said in a statement. Bloomberg Businessweek surveyed 26,699 MBA students, alumni, and recruiters in 2018 about their goals and experiences to find the best business schools. These are the results. Years before Goldman Sachs arranged bond deals now at the heart of global corruption probes, former CEO Lloyd Blankfein personally forged ties with Malaysia. Wall Street says the Federal Reserve may end up making a big policy mistake. How big? Try $4 trillion. What's Joe Weisenthal thinking about? The Bloomberg news director understands why almost nobody is talking about the Fed decision today: As expected, there was no rate hike. That said, it gives us a nice excuse to step back and talk about the economy. What you'll need to know tomorrow What you'll want to read tonightUnlike the vast majority of modern commercial produce, the Honeycrisp apple wasn’t bred to grow, store or ship well. It was bred for taste: crisp, with balanced sweetness and acidity. Though it succeeded beyond anyone’s wildest dreams, along the way it became a nightmare for some producers, forcing small Northeastern growers to compete with their massive, climatically advantaged counterparts on the West Coast. Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more. Diversity is a business issue. Sign up now for our weekly Business of Equality newsletter to get the latest on how companies and institutions are confronting issues of gender, race and class. Download the Bloomberg app: It's available for iOS and Android. |