i'm carol massar. oliver: and i'm oliver rennick. we are coming to you from inside the magazine's headquarters in new york. carol: the new front in the war against credit card fraud. oliver: more than 100 million accounts hacked. what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor in chief megan murphy.

i'm carol massar. oliver: and i'm oliver rennick. are coming to you from inside the magazine's headquarters in new york. carol: the new front in the war against credit card fraud. oliver: more than 100 million accounts hacked. what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor in chief megan murphy. a story on synthetic identity theft. i had not heard of this. megan: it is a really troubling and quite spooky story about how fraudsters are doing something different than just stealing existing identities. they are actually compiling their own identity. what is so fascinating is it's a long game. this can take months, even years to pay off. they have to keep establishing the identity, keep applying for credit for the ultimately cash out. oliver: it is like a weird ponzi scheme of credit fraud. what is interesting is you guys detailed somebody in the story, the actual degree to which they are able to do this. $340,000 using credit cards. a fleet of vehicles. how does it

i'm carol massar. what happens when investors win out over workers? mark zuckerberg running for president or not? julia: all that ahead on "bloomberg businessweek." ♪ carol: i'm here with editor-in-chief megan murphy. in remarks this week, i feel like this is an issue everyone is trying to get their head around. that is the lack of wage growth. megan: this is a strong piece about something we are deeply fascinated about. american workers, global workers are fascinated about. why we see unemployment reaching or touching lows, a full unemployment state, why are we not seeing wages growing faster? traditionally if you have a compression, more demand for workers, we have millions of open jobs in america but we still see stagnant or slow wage growth. while we are exploring is this is not just an american phenomenon, its global. places like japan and the u.k. maybe how we can jump start the wage growth. it is difficult to pinpoint to why it'sreasons happening, but there are measures that can be taken to correct it. carol: they talk about things you can't ro

carol: and i'm carol massar.ch us on radio on sirius fm 119 and am 1130 in new york, am 1330 in boston, 9011 in washington, and in the bay area. oliver: in asia on the bloomberg radio plus app. carol: many companies have added timber to the endowment portfolio. oliver: you has discovered that it is cutting down on prices. >> yale has led the way. it is a hedge against volatility. you own this other asset. as yale went, a lot of other endowments wanted to follow that. oliver: it seems to be something that happens in markets, where there is not only the search for yields, you have to hedge it, you think about a big endowment fund like yale to lead the way and everybody gets on board. do we have anything about how many investment pieces there are across investors? >> it is the big ones like harvard and yale that have a lot of assets in endowments because they have a long time horizon. oliver: centuries. >> centuries. where you see an issue is the small endowments, they follow. they may not have the expertise to real

i'm carol massar. oliver: and i'm oliver rennick.e radio on sirius fm and in new york and 1330 and 1069 in boston, 91 in washington, d.c., and 8960 in the bay area. carol: and in asia on the bloomberg radio plus app. in the technology section, the heir to samsung was sentenced to prison one week ago on a string of corruption charges. oliver: we talked about the impact. the: the son, sort of billionaire scion of the family, heireen seen as the apparent. for the first two years or so since 2014, jy has been seen as the clear leadership figure. more concilitory to some extent than his father, sell it off jets and spinning off arms divisions. that sort of thing. carol: investors liked what he was doing? jeff: for the most part, yes. people were comfortable. he was concerned about the public face of the company. carol: what were the charges that brought him down? jeff: five charges related to a bribery investigation that brought down the president a while ago. a handful of top lieutenants and people within the company trying to bribe a co

i'm carol massar. what happens when investors win out over workers? berg running for president or not? julia: all that ahead on "bloomberg businessweek." ♪ carol: i'm here with editor-in-chief megan murphy.

i'm carol massar. oliver: and i'm oliver rennick. he magazine's headquarters in new york. carol: the new front in the war against credit card fraud. oliver: more than 100 million accounts hacked. what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor