Friday, August 31, 2012

Bloomberg News Reporter’s Olympic Journey

The London Olympics, where to begin?

The closing ceremony ended a seven-year journey for the city, and also a bit for myself. I had just joined Bloomberg when the London bid beat Paris on July 6, 2005. Elation was followed barely 24 hours later with despair when four bombs went off on the London Underground.

In the past seven years, we’ve seen – and reported on – one of the country’s poorest areas in east London being transformed from what London 2012 chairman Sebastian Coe once called “a 50 foot pile of rotting fridges” to a beautifully landscaped park packed with some of the world’s best sports venues.

Indranil Mukherjee/AFP via GettyImages

All of that against the backdrop of the global economic downturn. In the run-up to the games, we’d profiled numerous athletes, some of whom were bankers who’d put their careers on hold for one last shot at Olympic glory.

I worked with Bloomberg Markets Magazine’s Stephanie Baker, profiling former Goldman Sachs banker and London 2012 CEO Paul Deighton. We followed him around town for about a month, and spoke to him in his Olympic office.

Although I was brought up in the Netherlands, London has been my home for a decade. I’ve never felt such excitement in the air – across the entire city – as on the afternoon of the opening ceremony on July 27.

The energy of the crowds inside the Olympic Park, the volunteers, the workers on the London tube and the soldiers scanning our bags at the Olympics Media & Press Centre, it’s something that I’ll always remember.

Our Olympic reporting team of around a dozen people covered a wide range of sports, and stories for our readers. From sports business articles to Usain Bolt becoming what he says is a ”living legend.” From the badminton players being thrown out of the Olympics, to a Dutch judoka taking charge when a man threw a bottle at the start line before the 100-meters. We were there. Our editors were based in the Olympic Media & Press Centre (and in the U.S. and Australia), while we filed copy from inside the venues. It was pretty much a 24/7 operation.

I covered the swimming and athletics with soccer writer Tariq Panja, was on Ann Romney watch with political reporter Thomas Penny at the dressage at Greenwich Park and covered the tennis from Wimbledon.

Getting an interview with Mrs. Romney, turned out to be a far easier task than reporting from the pool.

One night at the Aquatics Centre, the roof started to leak, and rain drops fell on our lap tops, as Michael Phelps was about to swim. We ended up filing with our sweaters over our heads and computers until the rain finally stopped.

The closing ceremony completed the French Open-Wimbledon-Olympic treble for me. The days were long and the nights short, and I’m so tired I will probably sleep for a week.

But who cares?

We’ve had a ring-side seat at sports history, and the best or worst day of someone’s life. It’s been a privilege to write about it for our customers. We were lucky enough to see Usain Bolt run, Michael Phelps swim and watch many, many other athletes try their hardest.

I’ll never forget it.

Danielle Rossingh is a Bloomberg News sports reporter based in London.  Follow Danielle on Twitter @DRossingh.


View the original article here

Institutional Investor Talks About How Bloomberg Co-Founder is Top in Tech

When Institutional Investor ranked Bloomberg Co-Founder Tom Secunda #1 on their 2012 Tech 50 list, it wasn’t a random coincidence. What the Tech 50 is, “is a list of the top innovators in the financial services community; what it isn’t is a popularity contest,” Michael Peltz, Institutional Investor’s editor told us.

Peltz, and senior writer, Jeff Kutler, said what makes Secunda unique is his 30-year history of technological innovation and his ability to see into the future.

“It’s just really, really impressive,” Peltz said.

Watch the video below to hear more from Peltz and Kutler about why they put Bloomberg at the top of their list.

Michelle Maskaly, Bloomberg Blog editor.


View the original article here

Bloomberg.com Launches New Politics Page and ‘Political Capital’ Blog

Bloomberg.com today announced the launch of a new Politics page featuring top stories, daily video commentary from Bloomberg’s Al Hunt, a state-by-state analysis of campaign spending and a “Political Capital” blog offering data-rich perspectives and insight.

Run by Deputy Managing Editor for U.S. Government News, Mark Silva and reported by Bloomberg News’ Washington bureau, the “Political Capital” blog focuses on “The Currency of Government,” illuminating the connection between money and governance, the business of campaigns and the impact of the economy on elections.

Features on the page and in the blog include:

–”In The Hunt,” a daily video blog with commentary from Al Hunt, Washington Executive Editor and host of “Political Capital” on Bloomberg TV

–”State of the States,” an interactive map using data from the Bloomberg Economic Evaluation of States (BEES) offering insight into how state-level economies will play a role in political campaigns

–”Bloomberg by the Numbers” a daily feature breaking down the most important number in politics and what it means

Here’s some insight from Silva:

“With the newly enhanced Politics Page and Political Capital blog, we shall draw on resources unique to us to deliver insight that cuts through the clutter of our political world. Our content leverages Bloomberg’s unmatched depth in data analysis and visualization, informing voters  and political and business leaders with fact-driven intelligence about the intersection of American politics and the economy. Our reporting comes from a Washington operation unmatched in size and scope, our data from a global information-gathering organization.”

It’s important to note that our focus isn’t just on the 2012 Election. Our coverage of all things politics will continue long after November 6, 2012.

We hope you enjoy the new section. There are more great features on the way. Stay tuned…

Follow us on Facebook and Twitter.

Lauren Meller, Bloomberg Communications


View the original article here

Bloomberg’s Enterprise Data Management Celebrates the Art of Cloud Computing

There couldn’t have been a better backdrop for Bloomberg’s Tom Secunda to talk about the company’s data enterprise products than at the top of the Metropolitan Museum of Art – where Tomas Sarceno’s ‘Cloud City’ sculpture of interconnected modules (which very much resembled the idea of cloud computing) stood.

Bloomberg’s reception and private viewing for clients and staff was to celebrate the launch of its Enterprise Management Business and the recent acquisition of Polarlake, the cutting-edge technology start-up from Dublin.

Against the backdrop of a rare cloudless sky and landscape of Manhattan skyscrapers, guests mingled within the multi-story, interconnected geometric series of connected glass and steel pods. At the evening’s mid-point, Secunda, Bloomberg’s co-founder and head of the Financial Products and Solutions who was recently ranked #1 in Institutional Investor’s Top 50 Technology innovators, addressed the crowd and shared ideas about the value of managed services for the enterprise.

“Bloomberg is tackling the challenges of EDM so our clients can devote valuable resources towards the business of making money – instead of maintaining a market data infrastructure.”

‘We opened our platform and have invited clients, partners and competitors to integrate with Bloomberg technologies, leverage our open solutions and subject-matter expertise.”

Stay tuned for more to come on Bloomberg EDM. More information about Bloomberg EDM can be found on the group’s website.

Saraceno’s is on display at the Metropolitan Museum of Art rooftop garden from now until Nov. 4.

Bloomberg’s Enterprise Products and Solutions  team


View the original article here

Bloomberg Employees Help Cool Off New York City

Bloomberg employees recently participated in a volunteer project at the Koch Theatre, Lincoln Center with NYC Cool Roofs — an exciting collaboration between NYC Service and the NYC Department of Buildings to promote and facilitate the cooling of New York City’s rooftops.

Energy used in New York City’s buildings accounts for nearly 80 percent of our greenhouse gas emissions. Applying a reflective surface to a roof helps reduce cooling costs, cut energy usage and lower greenhouse gas emissions.

Bloomberg has been partnering with Cool Roofs NYC since 2010, and since then over 190 Bloomberg volunteers have painted approximately 82,000 square feet of roof across Manhattan, Queens and the Bronx.

Sustainability and philanthropy have been working hard to identify volunteer projects that enhance both our commitment to the environment and our commitment to bettering the communities in which we operate.  Energy conservation projects are one of the core areas of focus for our sustainability initiative.  Being able to align one of our areas of emphasis with Philanthropy’s community and employee engagement program makes our programs that much more impactful.

Watching the roof go from black to white and knowing that we are directly responsible for taking carbon dioxide out of the atmosphere, by expending 3 hours of hard work, has a different type of reward from the typical workday.  There is nothing like getting out into the community and putting some sweat into the effort with other volunteers from within the Bloomberg community.

Check out more photos from the event in our Facebook album.

Lee Ballin is the sustainability manager at Bloomberg LP.


View the original article here

Bloomberg CEO Doctoroff Proposes Libor Alternative in Wall Street Journal Editorial

It’s easy to get lost in the uproar surrounding Libor (the London interbank offered rate)—but here at Bloomberg we’ve been thinking about a way forward.  In today’s Wall Street Journal, Bloomberg CEO Dan Doctoroff wrote about our idea for an alternative, which we’re calling “Blibor”—the Bloomberg Interbank Offered Rate—and offered to manage it as a service to global financial markets. Our solution uses actual transactions in addition to existing methods to create a more accurate and independent measure of interbank lending rates–key figures that influence transactions around the world.

You can read the op-ed in its entirety here (subscription required).

Doctoroff wrote, in part:

“Benchmarks such as Libor that rely on subjective assessments made by interested parties—regardless of any potential wrong-doing—simply cannot accurately reflect market realities….

One potential solution to this problem is to combine two types of inputs to compensate for the diminished volume in loans available for bank reference. The first input would follow the current Libor approach….

The second, supplemental inputs would consist of market-based quotes for credit default swap transactions, corporate bonds, commercial paper and other sources of credit information. Analysis of these sources of information would yield an “indicative” Blibor index…

Bloomberg’s proposed Blibor will achieve accuracy and independence without recourse to potentially stultifying government regulations. Libor is a creature of the private sector, and we feel it is incumbent on the private sector to provide its alternative.

That is why Bloomberg is offering to carry out this work on a pro bono basis…”


Lauren Meller, Bloomberg Communications 


View the original article here

Thursday, August 30, 2012

Bloomberg at the Republican National Convention

If you are going to be in Tampa, Florida for the Republican National Convention, plan on visiting the Bloomberg Link convention headquarters.  It’s a 10 minute walk from the Tampa Bay Times Forum and it’s where we will host interviews, panel discussions, policy briefings and debates beginning Sunday, August 26th.   

We are putting the finishing touches on our space located above Jackson’s Bistro at 601 South Harbour Blvd, Suite 200 where, with our partners, we will host current and former government officials and business leaders to discuss hot topics including healthcare, defense, technology and of course, the central issue of this election – the economy.

Guests, speakers and moderators will include former Secretary of State Dr. Condoleezza Rice; Governor of Florida Rick Scott; former Governor of Florida Jeb Bush; former Governor of Michigan John Engler; former Secretary of Labor Elaine Chao; Vice President of Citigroup and former Secretary of Commerce, Carlos Gutierrez; National Co-Chair of MavPac George P. Bush; former State Department official Liz Cheney; and oil and gas executive, financier and billionaire investor T. Boone Pickens, among others.

Here is a continually updated lineup of events. Please note that seating is limited and events are invitation only.  To request an invitation or for event inquiries, please email us at conventions@bloomberg.net.

Media interested in covering events at the Bloomberg Link should contact Jessica Turtletaub at jturtletaub@bloomberg.com or Lee Cochran at lcochran5@bloomberg.com.  Media credentials are required.

Also, here are a few different ways to keep tabs on Bloomberg’s reporting and our events:

- @BNPolitics for political coverage

- @BloombergGov and  www.facebook.com/BloombergGovernment for analysis from Bloomberg Government

- #RNCLink on Twitter for news coming directly out of the Bloomberg Link

Meghan Womack, Bloomberg Communications


View the original article here