President Obama's first confirmed cabinet was a diverse mix in terms of race and gender (65% male, 52% white), but it was 0% billionaire. President-elect Trump's picks so far for cabinet positions will tip the scales more in his own image, increasing the percentage of white men and billionaires. Fewer than half of the appointees Trump–an outsider himself–has selected have any government experience. For comparison, 96% of George W. Bush's first confirmed cabinet had government experience. –Emily Banks |
| | In His Own Image | | | The first billionaire U.S. president has appointed two billionaires and at least nine millionaires, with a combined net worth of about $5.6 billion, to run government departments. Two appointees to cabinet or cabinet-level positions are former generals. Many of Trump's picks have close ties to Wall Street and corporate America. |
| Here are today's top stories... | | The Electoral College members will cast their ballots Monday–and with that arrives a long-shot bid to block Trump. The 538 members will gather at 50 state capitols to cast their ballots to elect the U.S. president. The attempt to deny Trump the presidency, by trying to convince Democratic and Republican peers to back someone else, is almost sure to fail, and it injects still more rancor. | | A tiny Oklahoma town threatens OPEC. Few enemies are more fearsome to the group than Cushing, with oil inventories near an all-time high and enough crude to supply France for two months. For the OPEC-led efforts to boost prices, that's a major problem. | | We're using a cup of coffee to track inflation in Venezuela, with the Café Con Leche Index. It tracks just one item: a cup of café con leche served piping hot at a bakery in eastern Caracas. It may not be the most scientific gauge, but it monitors a product consumed by Venezuelans everyday and provides an up-close look at one of the most dysfunctional economies on earth. ♦ ♦ ♦ → And now, for something completely different: Bloomberg's new app is available for iOS and Android! You'll find the biggest global business news, data, and analysis -- whether you want to read, listen, or watch live. It's a mix of tech, markets, politics, opinion and more, plus a personalized way to catch up quickly in the mornings and evenings. ← | | It's annual review season, the least wonderful time of the year. The ambiguous performance review is as messy and confusing as ever, and employees and managers alike hate it. Many companies have overhauled the review process by getting rid of numerical rankings, which may have been rigid, but their replacements are confusing, often asking too much of employees. | | The worst airports in America are New York's LaGuardia and Newark. Few places offer as much decrepitude, congestion, or inconvenience as these two airports, according to the 2016 J.D. Power study of airport satisfaction. At the other end of the spectrum, the Indianapolis International Airport ranked most satisfying. | |
| | The Distinguished Travel Hacker | | | This jet-setting travel agent logs between 200,000 and 300,000 miles in the air every year. He lives in New York, though it's more apt to call an airplane his home. He shares his tips for picking the best seat, how to transform a business-class seat into a personal, first-class cabin, and more useful travel hacks. | | |
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Keep a civil tongue.