Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration.

Beth Birkett cut her teeth in NYC's emergent scenes of streetwear and music, connecting the two tangentially related movements in the late 90s. But the toxic misogyny of the industry soured her interest, and sent her to LA to start a family. And a family business: Union LA.

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Hello. Today we look at parallels with the 1970s, how Asian factories are faring and the income shock of higher energy prices in the euro area. 

A historic surge in commodity prices after Russia’s invasion of Ukraine, coming on top of already-high pandemic inflation, has gotten investors and economists searching for parallels with the energy shocks of four decades ago and the prolonged slowdowns that followed.