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Flavia Krause-Jackson

Verified
(She/Her)
London, Washington, D.C.
As seen in: Bloomberg News, MSN, MSN Deutschland, MSN Ireland, O Globo, Bloomberg Businessweek, Bloomberg Green Daily, Bloomberg Markets Magazine, ET Healthworld, MSN España, The Economic Times and
Covers:  U.S. and international politics, cities, climate change, global, international relations, conflict, foreign affairs
Doesn't Cover: Funny thing. Politics touches on everything so I try to connect the dots!
Executive Editor at Bloomberg: Europe, Africa, Middle East, Latin America. Economics + Politics. Loves: Britney, Buffy and badgers.
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Meet 2016's Worst Economic Performers

Meet 2016's Worst Economic Performers

Bloomberg News — For the world's worst-performing economies, no good will come from New Year's resolutions to do better. For many, 2016 will only bring more disappointment, say economists surveyed by Bloomberg. Oil-rich Venezuela will contract by 3.3 percent this year, the worst forecast of any of the 93 countries in our analysis, followed by junk-rated Brazil, debt-laden Greece and commodities-ravaged Russia. Below are the bottom 10: The club no one wants to join has some surprises. Among the nations with a 50-50 chance of two quarters of contraction is Taiwan.
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Circuit Breaker Suspension Renews Concern China Lacks Game Plan

Circuit Breaker Suspension Renews Concern China Lacks Game Plan

Bloomberg News — China pulling the plug on a new stock circuit breaker and weakening its currency less than a week into 2016 revived anxiety that the world's second largest economy is groping in the policy dark. The moves were yet another misstep in President Xi Jinping's pledge to loosen the government's grip on the economy while ensuring stability and preserving faith in the ruling Communist Party. The chaos unleashed reminded investors of last summer, when authorities barely contained a stock-market plunge and carried out a ham-fisted attempt to make the yuan more market-based.
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Imagine a World Where Black Swans Really Do Come True in 2016

Imagine a World Where Black Swans Really Do Come True in 2016

Bloomberg News — On a clear March night in Iraq, the desert plain of the Faw peninsula and a Kurdish village near Syria and Turkey go up in flames. The next morning, Islamic State claims responsibility for the destruction of the country's major oil pipelines. The world immediately loses 3.5 million barrels of daily exports. As Iraq struggles with repairs, violence erupts in the oil-rich region of the Niger Delta, Algeria descends into chaos on the death of its president and there's a coup in Venezuela. Bloated inventories protect the global economy for a while, but the industry is operating with the thinnest capacity cushion in years.
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Transgender Rights - QuickTake

Transgender Rights - QuickTake

Bloomberg View — Most of us grew up thinking there were boys and girls, and who was which was determined by the sex organs a person was born with. The transgender rights movement challenges that. Its advocates say how a person feels determines whether that individual is male, female, both or neither. People who identify as transgender suffer from discrimination and persecution. Still, their efforts to gain acceptance and equal rights have made headway in recent years in Westernized countries, especially in the U.S. Supporters cast their campaign as the next chapter in the civil rights movement and as a way of liberating all people from gender stereotypes.
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The Global Economic Cost of Terrorism Is Now at Its Highest Since 9/11

The Global Economic Cost of Terrorism Is Now at Its Highest Since 9/11

Bloomberg News — In the wake of Friday's massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York's Twin Towers. In 2014, acts of terror cost the world $52.9 billion - roughly the size of Bulgaria's entire annual gross domestic product - compared with $51.51 billion in the aftermath of Sept. 11, according to the latest annual Global Terrorism Index by the Institute for Economics and Peace, which has been collecting data since 1997.
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How the Unshackled Ruble Has Changed Russia's Economy Forever

How the Unshackled Ruble Has Changed Russia's Economy Forever

Bloomberg News — Today marks the one-year anniversary of when the ruble was set free for the first time in its post-Soviet history. In five charts, we show how the central bank's decision to stop depleting international reserves to prop up the currency has upended every facet of the Russian economy, from decimating wages to enriching oil exporters. The ruble has shed about 30 percent against the U.S. dollar, stoking inflation to a 13-year high that the central bank sought to counter with repeated interest-rate hikes up to 17 percent last December. The Bank of Russia has since unwound much of that emergency rate increase.
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Putin Thinks He's `Vladimir the Great,' Condoleezza Rice Says

Putin Thinks He's `Vladimir the Great,' Condoleezza Rice Says

Bloomberg News — As former U.S. Secretary of State, Condoleezza Rice knew Vladimir Putin up close. One thing he liked to remind her during her time in the Bush administration was how Russia had "only been great when it has been led by great men, like Alexander II and Peter the Great." Hearing him eulogize former tzars, there was a little voice in her head that wanted to suggest "and Vladimir the Great?," Rice told a group of investors and bankers at an annual forum hosted by Fitch Ratings Ltd. in New York on Wednesday. As a diplomat she never did out of politeness, "but that is how he thinks."
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Chinese Drones in Silicon Valley Show Governments' Startup Fever

Chinese Drones in Silicon Valley Show Governments' Startup Fever

Bloomberg News — A public-private blend, Ehang is either a dilemma or a model for states around the globe seeking to recreate the secret sauce of Silicon Valley. The debate is often cast as one between creative libertarians demanding that government stay out and officials who counter that innovation dies on the vine without state fertilization. It turns out that the hidden hand of government has been more significant than inventors like to acknowledge -- yet subtler and less predictable than advocates realize. But there is no formula. Silicon Valley famously began as a place where the U.S. military bankrolled arms research during the Cold War.
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The Grim Economic Legacy of the Arab Spring Poster Children

The Grim Economic Legacy of the Arab Spring Poster Children

Bloomberg News — A cry for economic inclusion and social justice sparked uprisings in 2010 and 2011 that spread across North Africa and the Middle East. But what happened to Tunisia and Egypt, where the protests originated and delivered, at least on paper, the semblance of political change? In six charts, we answer that question. In 2011, leaders in both countries were cast aside after decades in power, yet growth rates have yet to return to their pre-revolutionary days. Growth in Egypt, the largest economy in North Africa, fell from 7.2 percent in 2008 to an average 2.2 percent between 2012 and 2014.
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U.S. Steps Up China Rivalry in Asia Shipping Lane With Patrol

U.S. Steps Up China Rivalry in Asia Shipping Lane With Patrol

Bloomberg News — The moment the U.S. Navy sailed a warship into waters claimed by China in the South China Sea it gave President Xi Jinping a pretext to accelerate his country's military presence in the disputed waterway, further placing the vital shipping lane at the heart of U.S.-China rivalry in the Pacific. The patrol by the USS Lassen prompted an angry response by Beijing and came just weeks after Xi met with President Barack Obama in Washington, where he said China "does not intend to pursue militarization" of the area. The decision to send in the warship -- the most direct attempt by the U.S.
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Is Xi's Economy More Distorted Than Mao's? Goldman's Ha Says Yes

Is Xi's Economy More Distorted Than Mao's? Goldman's Ha Says Yes

Bloomberg News — By one measure, it's the Greater Leap Forward. China's economy is more imbalanced than half a century ago when Mao Zedong's policies led to an economic crash, said Ha Jiming, a China vice chairman at Goldman Sachs Group Inc., at a conference Wednesday in New York. Fixed asset investment last year in the world's second-biggest economy amounted to an unprecedented 46 percent of gross domestic product. That, according to Ha, is more than in 1958, when Mao initiated the Great Leap Forward movement that among other things urged the Chinese people to melt down utensils, cooking pots and door handles to raise the nation's steel output.
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Turkey May Find Life Without Russian Gas Easier Said Than Done

Turkey May Find Life Without Russian Gas Easier Said Than Done

Bloomberg News — Russian gas keeps the lights on in Turkey. Over the centuries, the two nations have been sworn enemies yet also pragmatic neighbors able to set aside their mutual mistrust when economic interests were on the line. Here's why President Recep Tayyip Erdogan's threats to break trade ties over Vladimir Putin's escalating military campaign in Syria ring hollow. Nearly 75 percent of Turkey's energy use is derived from outside sources, with Russia alone accounting for one-fifth of Turkey's energy consumption, more than any other.
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Somalia Looks Safer for Yemenis Fleeing State Breakdown

Somalia Looks Safer for Yemenis Fleeing State Breakdown

Bloomberg News — Things are so bad in Yemen, some people are fleeing to Somalia. Yet the nation's plight is often obscured by the carnage of Syria and spreading violence elsewhere in the Middle East. These charts show how war, drought and hunger in the Arab world's poorest country are pushing its people to the brink. False Dawn The 2011 overthrow of President Ali Abdullah Saleh was meant to be the start of a new chapter after decades of instability and poor governance. Instead, al-Qaeda gained ground while Shiite Houthi rebels took up arms protesting decades of marginalization and seized Sana'a.
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Out of Work Arab Women, Ultra-Orthodox Jewish Men Weigh on Israel

Out of Work Arab Women, Ultra-Orthodox Jewish Men Weigh on Israel

Bloomberg News — How to coax into the workforce stay-at-home wives and full-time Torah scholars? This is the dilemma for Israel, where two of the fastest-growing segments of the population are also those with the lowest participation rate in the labor force. Many Israeli Arab women traditionally tend to their families behind closed doors while ultra-Orthodox Jewish men, or Haredi, devote themselves to religious studies. Unless the government succeeds in luring these groups taking jobs at a faster pace, their unemployment will impact negatively on growth, Bank of Israel Governor Karnit Flug has said. As their populations grow, recent gains in labor participation that put Israel ahead of the U.S.
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Who Cares About North Korea? Almost No One, UN Analysis Shows

Who Cares About North Korea? Almost No One, UN Analysis Shows

Bloomberg News — Kim Jong-un won't be pleased. Leaders in New York gave the Hermit Kingdom the cold shoulder. This week, the most powerful decision makers in the world spoke at the United Nations General Assembly and gave a snapshot of what's on their minds. Among G-20 heads of state and government, Syria was the single most talked about country: 38 times in all. Iran came a close second, cited 34 times, followed by Cuba with 22, including seven mentions by U.S. President Barack Obama. As for North Korea, it appears the nuclear-armed Communist dictatorship has fallen off nearly everyone's list of priorities.
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Russian Airstrikes Surprise Western Allies Still Debating Action

Russian Airstrikes Surprise Western Allies Still Debating Action

Bloomberg News — Russian President Vladimir Putin called for a coordinated response to the Syrian crisis during a one-day trip to the United Nations this week. He didn't wait around to get an answer. His decision to launch airstrikes Wednesday in the war-torn country caught world leaders still debating a common approach to the conflict off-guard. U.S. officials in Baghdad were asked Wednesday morning to keep their aircraft out of Syrian airspace. France, whose own war planes are working in unison with U.S. jets in targeting Islamic State camps, was given no heads up, according to Foreign Minister Laurent Fabius.
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Putin's Syria Gamble Stokes Fears His Real Goal Is Aiding Assad

Putin's Syria Gamble Stokes Fears His Real Goal Is Aiding Assad

Bloomberg News — Russian President Vladimir Putin called for a coordinated response to the Syrian crisis during a one-day trip to the United Nations this week. He didn't wait around to get an answer. His decision to launch airstrikes Wednesday in the war-torn country caught world leaders still debating a common approach to the conflict off-guard. U.S. officials in Baghdad were asked Wednesday morning to keep their aircraft out of Syrian airspace. France, whose own war planes are working in unison with U.S. jets in targeting Islamic State camps, was given no heads up, according to Foreign Minister Laurent Fabius.
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The UN: 70 Years of Global Economic and Political Power Shifts in Six Charts

The UN: 70 Years of Global Economic and Political Power Shifts in Six Charts

Bloomberg News — The world is in crisis, from the humanitarian disaster brought on by the war in Syria to global warming. As leaders around the globe gather for the annual jamboree of statecraft that is the United Nations General Assembly we took a look at how the 70-year-old international body charged with maintaining peace and security has evolved with the times. The UN's most well-known and authoritative decision-making body, the 15-seat Security Council, still draws from the 1945 status quo rather than an ever-changing balance of power. The permanent members - the U.S., Russia, China, the U.K.
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Obama Opens Way to Engagement With Russia, Iran on Syrian Crisis

Obama Opens Way to Engagement With Russia, Iran on Syrian Crisis

Bloomberg News — President Barack Obama opened the door to working with Russia and Iran to combat Islamic State extremists, but said the turmoil in Syria can only be resolved by a "managed transition" that ousts the regime of Bashar al-Assad. In a speech Monday to the United Nations General Assembly, Obama embraced a role for Russia in determining the fate of their ally Assad and in waging the battle against the terrorist group that has seized swaths of territory in Syria and Iraq. "The United States is prepared to work with any nation, including Russia or Iran to resolve the conflict," Obama told the gathering of world leaders in New York.
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Obama Shakes Hands With Zarif in Step Toward Better Relations

Obama Shakes Hands With Zarif in Step Toward Better Relations

Bloomberg News — In the end, the handshake happened. Just not with Hassan Rouhani. In the lead-up to the United Nations General Assembly, speculation ran rife about whether President Barack Obama and his Iranian counterpart would cap the success of a nuclear deal by shaking on it. In the end, it was Foreign Minister Mohammad Javad Zarif who savored the historic gesture, according to a U.S. Administration official who asked not to be identified, citing the sensitivity of the issue. On July 14, the Islamic republic and six world powers ended a 13-year standoff over its nuclear program.
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Xi and Putin Stay at the Chinese-Owned Waldorf Obama Snubbed

Xi and Putin Stay at the Chinese-Owned Waldorf Obama Snubbed

Bloomberg News — The Hilton Worldwide Holdings Inc. sold the midtown hotel in 2014 to Beijing-based Anbang Insurance Group Ltd. for $1.95 billion. For now, the 42nd floor of Waldorf Towers still serves as the official residence for the U.S. ambassador to the UN. While the Hilton will manage the property for the next century under the terms of its sale, Anbang's ownership and call for a major renovation raised concerns about whether the Waldorf would remain a secure location for sensitive and classified government conversations, according to two U.S. officials, who asked not to be named citing sensitivity of the matter.
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China's Xi Can't Compete With `Rock Star' Pope in U.S. Trip

China's Xi Can't Compete With `Rock Star' Pope in U.S. Trip

Bloomberg News — Xi Jinping may govern one-fifth of humanity, yet when the Chinese President arrives in Washington he risks being upstaged by the leader of another billion-strong flock: Pope Francis. Hours before Xi's plane touches down Thursday, Francis will become the first pontiff to address a joint session of Congress. As he prepares for a summit with U.S. President Barack Obama on Friday, the head of the world's smallest state will address the United Nations. That evening, as Xi dons his formal wear for a White House state dinner, Francis will play Madison Square Garden with a prime-time Mass for thousands in Manhattan.
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What If the Richest Person in Every Country Gave All Their Money to the Poor?

What If the Richest Person in Every Country Gave All Their Money to the Poor?

Bloomberg News — Would the world be a better place if the wealthiest gave their fortunes away to the bottom billion? We tried to answer the question by creating the Robin Hood Index. We took a spattering of 42 countries with radically different demographics and economies, then compared the wealthiest individuals to the percentage of the populations living in poverty. By the way, only in Chile, the Netherlands, France and Australia is the richest person a woman. The index shows how the net worth of each country's wealthiest person compares to the livelihood of his fellow countrymen by calculating the lump sum in dollars each person living in poverty would get if the assets of the richest citizen were liquidated and redistributed.
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Women Have To Work Longer to Afford the Same iPhones As Men

Women Have To Work Longer to Afford the Same iPhones As Men

Bloomberg News — There's nothing like a new Apple gadget to test consumer appetites, or to illustrate the enduring wage disparity between men and women. Bloomberg crunched the latest U.S. median pay data and factored in the retail cost of an iPhone 6s Plus to create the iPhone Gender Pay Gap index. The results show that across an array of professions from bartenders to CEOs, women on average must work eight extra hours, or a full day, to be able to buy the same product. Our index used U.S. Census Bureau data measuring median earnings across 299 occupations, comparing men and women in full-time, year-round jobs.
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