American tourist detained after being caught violating Bali’s most sacred rule on ‘Day of Silence’

US tourist detained after being caught violating Bali's most sacred rule on 'Day of Silence'
Karl Adolf Amrhein, 57, was taken into custody by local security on Thursday morning after he was seen walking down the main road in Sukawati village at around 7am during Bali’s annual Day of Silence./ Image: Instagram

karl adolf amrhein57, was found on a main road Sukawati Village March 19 at 7 am. When he was brought for questioning he initially pretended to be mute. An American tourist was detained by local security in Bali on Thursday morning after he was found wandering on the main road during Nyepi, the island’s annual day of silence, in which all outdoor activities are banned for a full 24 hours. Carl Adolf Amrhein, 57, was seen on the main road in Sukawati village at about 7 a.m. on March 19, during which the entire island is required to strictly monitor residents and visitors to stay indoors. Sukawati Police officials told local media that they had rescued a foreign national from the United States who was violating Nyepi regulations. They were later taken to a nearby villa and warned not to commit further violations.

What happened

When Amarhain was brought to the police station, officials said he initially pretended to be mute and repeatedly asked to be released. He eventually spoke to authorities and explained that he was looking for new accommodation after being asked to leave his hotel in Ubud. “He admitted that he was forced to leave his hotel in Ubud because his period of stay had expired,” a local police chief told reporters. He was later taken to a nearby villa where he was allowed to remain for the remainder of the ritual. This is not the first time that a foreign tourist has faced difficulties during Nyepi. In 2020, another American was chained by local authorities in Kuta after going for a run during the ritual. The man told locals that he “just wanted to go for a walk” and refused to return to his villa when asked.

What is Nyepi and what is it needed for?

Nyepi, which directly translates to “Keep quiet” One of Bali’s most important spiritual rituals is rooted in Balinese Hinduism, which is followed by about 87 percent of the island’s population. It marks the Balinese New Year according to the Saka calendar and usually falls between March and April according to the Gregorian calendar. This year, the ritual lasted from 6 am on March 19 to 6 am on March 20. The day is dedicated to contemplation, meditation and self-purification, a collective and individual reckoning with the past year, in which the island, according to tradition, enters the New Year with a clean slate. Nyepi occurs on the day after the dark moon of the spring equinox and falls on the third day of a sacred cycle lasting approximately six days, with the day of silence being the centerpiece. The day is governed by four strict principles: Amati Jini, the prohibition of fire, light and electricity; Amati Karya, prohibition of all work and occupation; Amati Lelungnan, travel ban; and Amati Lelanguan, prohibiting noisy celebrations or entertainment. These rules apply to everyone on the island without exception, residents, tourists and foreign nationals alike. During the 24-hour period, all businesses and restaurants are closed, roads are empty except for emergency vehicles, and I Gusti Ngurah Rai International Airport in Denpasar has suspended all incoming and outgoing flights. Local guards, known as Pekalang, are deployed throughout the island to enforce the rules. Hospitals will remain open for emergencies.

​Local Pekalang Volunteer

Local Peklang volunteers patrol Bali during Nyepi, enforcing peace, enforcing travel restrictions, and keeping residents and tourists safe/(AntraNews)

Tourists staying in hotels and villas are required to stay at their property for the entire period. Hotels generally inform guests of the rules in advance, some offering quieter dining options or limited resort amenities, and others requiring guests to stay in their rooms entirely with food delivered. Visitors renting private villas are advised to ensure they have enough food and water for a full 24 hours before starting Nyepi.According to Balinese Hindu belief, silence is also thought to serve a protective function: the island’s absolute stillness is said to deceive evil spirits into believing it is deserted, and protects its inhabitants from harm as they enter the New Year.

Indonesia Hindu New Year

Men carry a giant effigy called “ogo-ogo”, which represents evil spirits that need to be cleansed, during a parade on the evening of “Napi” or Silent Day, which marks the Balinese Hindu new year, in Denpasar, Bali, Indonesia, Wednesday, March 18, 2026. (AP Photo/Firdiya Lisnavati)

Nyepi falls on the third day of the sacred cycle lasting approximately six days. The evening before, known as Ogoh-Ogoh, parades are held throughout the island in which young people carry large demon statues through the streets, in a ritual intended to rid the island of negative energy before the silence begins.

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8,000 bitcoins in the trash? This man spent 12 years chasing $550 million worth of wealth buried beneath a landfill. world News

8,000 bitcoins in the trash? This man spent 12 years chasing a $550 million fortune buried under a landfill

In 2013, James Howells, an IT technician from Newport, Wales, accidentally threw away a hard drive containing the private keys of 8,000 Bitcoins. At that time, the cryptocurrency was worth around $8 million. Over the next decade, the value of Bitcoin increased dramatically, causing the contents of the lost hard drive to be worth an estimated $550 million by March 2026. Howells reportedly explored several recovery strategies, including advanced technical methods and legal action, but the drive remained buried in Newport’s municipal landfill. As reported, in January 2025, a British court ruled that the recovery effort had “no realistic prospect” of success. Following the verdict, Howells’ story was acquired by a production company for a documentary series.

Howells’ discarded hard drives face extreme exposure and degradation in landfill conditions

While cleaning the office in 2013, Howells’ then-girlfriend discarded a hard drive containing the keys to his Bitcoin wallet. At the time, cryptocurrency adoption was limited and Bitcoin’s value was relatively low. The hard drive ended up in the Newport Landfill, where it was inaccessible under standard waste-management protocols. CLIR Experts say exposure to pressure, moisture and chemical activity in landfill conditions makes magnetic storage media extremely susceptible to degradation. Legal ownership of discarded items was also transferred to the landfill, further complicating potential recovery efforts.

Howells’ drone and robot plans blocked due to council concerns

Howells has reportedly designed recovery proposals using advanced technology. As reported by Binance, their plans include AI-equipped drones for subsurface mapping, robotic excavation systems for controlled digging, and environmental monitoring to mitigate hazards. He offered to personally finance the operation, requesting only permission to access the landfill site.Newport City Council rejected the proposals, citing environmental and safety concerns. Officials said digging could release toxic gases or contaminate water sources. UK law also prevents unauthorized removal of waste from regulated landfill sites, meaning any recovery would require extensive legal clearance.

The journey of Howells and his lost bitcoins

Howells took legal action to gain access to the landfill or receive compensation. Their claims include approximately £495 million in damages for the allegedly lost bitcoins, the BBC reports. The courts reviewed the technical feasibility and potential environmental impact of the proposed recovery.Following the legal conclusion, Los Angeles-based production company LEBUL acquired the rights to Howells’ story. Project, The Buried Bitcoin: The Real-Life Treasure Hunt of James Howells. The series reportedly reconstructs Howells’ recovery proposals, court proceedings and technical plan.Howells said the documentary allows them to present the sequence of events and their technical strategies. The project focuses on documenting factual events rather than speculating on possible outcomes.

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UAE warns motorists against entering flooded valleys: Dh2,000 fine, 23 black points and 60 days vehicle impoundment | world News

UAE warns motorists against entering flooded valleys: Dh2,000 fine, 23 black points and 60-day vehicle impoundment
UAE warns motorists against entering flooded valleys/Representational image

As volatile weather and rain continues to affect parts of the UAE, authorities have issued a clear warning to motorists and residents, urging caution near flood-prone areas and outlining tough penalties for behavior that could endanger lives. UAE authorities have cautioned the public against going near valleys, dams and flood channels during heavy rains, stressing that such areas can quickly become dangerous. The Interior Ministry warned that gathering near these locations is a violation punishable by a fine of Dh1,000 and six traffic black points. The advisory is part of broader efforts to prevent accidents and ensure public safety during adverse weather conditions. The ministry also highlighted strict penalties for entering valleys during active water flows, noting that no matter how safe the conditions are, it is a serious offence. Violators face a Dh2,000 fine, 23 black points and 60-day vehicle impoundment. Officials stressed that shallow or slow-moving water can also pose serious risks and drivers are expected to avoid such areas altogether. Officials also warned against disrupting emergency response teams during severe weather. Anyone caught obstructing police, ambulance or rescue operations faces a Dh1,000 fine, four black points and vehicle impoundment for 60 days, underscoring the importance of keeping routes clear during emergencies. Separately, Abu Dhabi Police urged motorists to exercise caution before and during travel in unstable weather. Drivers are advised to check the weather forecast before setting out, avoid waterlogged roads and stay away from flood water. The officials also stressed the need to follow all safety instructions issued by the concerned agencies. The Traffic and Patrol Directorate reinforced safe driving practices, urging motorists to reduce speed, maintain safe distance between vehicles and avoid distractions such as making videos or using mobile phones while driving. Police highlighted that such distractions increase the risk of accidents, especially in bad weather conditions. Motorists are also reminded to strictly adhere to posted speed limits and electronic road signs, with officials emphasizing that compliance is essential to ensure the safety of all road users during rainy and unstable weather.

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‘Saving $5,000 per lot’: Why US builders are selling treeless homes to families world News

'Saving $5,000 per lot': Why US builders are selling treeless homes to families

For decades, the “American Dream” followed a typical blueprint: a two-story house, a basketball hoop in the driveway, and, most importantly, a lush, shady backyard. A drive through an established neighborhood revealed a canopy of green that felt like an instant escape from the heat of the road.Today, that dream is being replaced by so-called aesthetic “marginal space.” Modern subdivisions are often characterized by rows of identical beige-colored houses, sprawling gray asphalt, and a complete lack of greenery. A viral post onAccording to Gupta’s analysis, the reason every new subdivision in the US looks a certain way is because it allows for a massive transfer of wealth from the buyer to the builder. He said a mature tree increases the value of a home by 7-19 percent. “On a $400,000 home, it’s $28,000 to $76,000,” just by preserving what was already there. For a homeowner, one shade tree produces the same amount of cooling energy as ten room-sized air conditioners running about 20 hours a day. Gupta, citing data from the Center for Urban Forest Research, said that a tree on the west side of a home cuts energy bills by 12% within 15 years. According to the research of USDA Forest ServiceA 25-foot tall tree can reduce the annual heating and cooling costs of a typical residence by 8 to 12 percent. Thus, for a family living in a residence surrounded by greenery, the cost of living is lower and resale is much faster and profitable. However, for a builder, cutting down all these trees saves about $5,000 per lot. A bulldozer can level up to 200 lots in a single day, reducing movement problems for large machinery such as concrete trucks and utility trenches, thereby speeding up the construction process. “So the developer spends $5,000 in savings and the buyer eats $50,000 in lost value over the next two decades. The person making the decision and the person paying for it have never been in the same room, Gupta wrote.

The Woodlands vs Katy

Gupta cited the example of The Woodlands neighborhood of Texas where George Mitchell purchased 28,000 acres of Houston timberland in 1974 and preserved 28% as permanent green space. When McDonald’s wanted to build a store, he forced them to do so behind the tree canopy, following a “forest first” philosophy. He claimed that the McDonald’s had become one of the highest volume locations in Texas and that an office building designed to reflect the surrounding forest was also fully leased. The suburb was also named the number one community to live in America for two years in a row. “The Woodlands median home price today: $615,000. Katy, a comparable Houston suburb that’s obvious: $375,000,” he wrote, revealing the huge $240,000 price difference between the two. He concluded, “There is far more value in removing trees. Developers do the cleanup anyway because they sell the house once and move away. You live in it for 30 years.” Unless zoning laws or homeowner awareness forces change, developers will continue to pay $5,000, leaving American homeowners to bear the $50,000 loss in value and bills.

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Strait of Hormuz tension: The Strait of Hormuz is in danger due to Saudi Arabia opening King Fahd Air Base for US forces amid Iran tension. world News

Strait of Hormuz in danger as Saudi Arabia opens King Fahd Air Base to US forces amid Iran tensions
Saudi Arabia agreed to open King Fahd Air Base in Taif to US forces / Image: File

saudi arabia The United States has granted access to its King Fahd Air Base as tensions rise with Iran, signaling a new phase of military alignment in the Gulf. The development comes after maritime authorities warned that the Strait of Hormuz faces “serious” security risks. The narrow passage handles a significant portion of the world’s oil supply, raising fears of a global impact. Western officials say the move is aimed at deterring threats and securing vital shipping routes.

Saudi Arabia grants base to King Fahd for US

Saudi Arabia has agreed to allow the United States to use the King Fahd Air Base in Taif, an important step in military coordination between the two allies. The agreement comes at a time of rising tensions with Iran, with US officials confirming that the base will support regional security operations if needed.The move is seen as part of a broader understanding between Riyadh and Washington to strengthen defense preparedness in the Gulf, especially as threats to shipping routes and infrastructure increase. While Saudi officials have not publicly detailed the agreement, US officials describe it as a precautionary and defensive measure rather than an escalation of the conflict.The decision comes as maritime agencies warn that the Strait of Hormuz, a route carrying about 20% of the world’s oil, now faces a “critical” threat level.US defense officials say the choice of King Fahd Air Base is strategic. Located in western Saudi Arabia, it provides a safe operational distance from Iranian missile and drone ranges, while also allowing rapid deployment if required.This marks a remarkable shift, as regional powers move to strengthen military coordination amid growing uncertainty.

What is King Fahd Air Base?

King Fahd Air Base is located near Taif in western Saudi Arabia, not far from the Gulf coast. This inland location makes it less vulnerable to direct missile or drone threats, especially compared to bases located closer to Iran’s front waters.Geographically, the base offers a strong strategic advantage. This allows the United States to operate from a safe distance while maintaining quick access to key areas, including the Red Sea and central Saudi air corridors. This makes it an ideal staging and support center during periods of increased stress.The timing of the move is significant because of growing risks around the Strait of Hormuz, a narrow but vital waterway that handles about 20% of the world’s oil supply, worth more than $1 billion traded every day.By gaining access to King Fahd Air Base, the United States can directly monitor, respond, and support operations associated with this vital route, without placing assets in high-risk areas. Officials have described the arrangement as a defensive and precautionary move aimed at ensuring the security of global shipping lanes rather than escalating conflict.

America and Britain emphasized on ‘collective defense’

Western leaders have described this development as part of a defensive strategy. US officials have stressed the need to protect global shipping lanes and maintain stability, especially in sensitive areas such as the Gulf.The United Kingdom has also aligned with this approach, allowing access to key facilities such as RAF Fairford and Diego Garcia. British officials described the cooperation as part of a “collective self-defence” framework, and highlighted shared concerns over the risk of escalating tensions.Although direct public statements have been limited, coordinated messaging from both governments places a clear focus on prevention and preparedness.

Tension has increased in the Strait of Hormuz

Tensions around the Strait of Hormuz have increased in recent weeks, with multiple reports of incidents involving ships and offshore infrastructure. Maritime authorities have warned of navigation interference and possible attacks, raising concerns in the global shipping industry.Officials from Gulf countries and European agencies have urged restraint and stressed that the waterway must remain open. Given the vital role of the strait in international trade, any disruption could have an immediate impact on oil supply chains, shipping routes and global energy prices.

broader context

The decision to open the base reflects a broader trend of deepening military coordination between Gulf countries and Western allies. With Iran-related tensions showing no immediate signs of abating, the region is entering a phase of heightened alert.Security experts warn that even without direct conflict, the combination of military buildup, maritime risks and political tensions could keep the Gulf in a state of instability for a long time.For now, officials are emphasizing prevention and protection. But the scale and speed of recent developments shows that the situation is becoming increasingly complex, with implications far beyond the region.

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UAE weather: UAE weather today: Chance of rain in Fujairah and RAK; The temperature in Dubai remains around 30°C. world News

UAE weather today: Chance of rain in Fujairah and RAK; The temperature in Dubai remains around 30°C
Chance of rain in Sharjah, Fujairah, RAK; Temperature today in Dubai, Abu Dhabi 30 degrees Celsius / Image: File

According to the National Center of Meteorology (NCM), UAE residents can expect partly cloudy skies on March 22, with a chance of rain in parts of Fujairah and Ras Al Khaimah.The NCM has indicated that there will be intermittent increase in cloudiness, especially over eastern and northern areas, where light rain may occur. Meanwhile, cities like Dubai and Abu Dhabi will remain largely cloudy with slight chances of rain.This continues the unstable weather pattern seen over the UAE in recent days, driven by active cloud formation and changes in atmospheric conditions.

UAE temperature today

Temperatures across the country are expected to be moderate and slightly below seasonal highs.Day temperatures in Dubai and Abu Dhabi are expected to be around 29°C to 32°C, making the conditions relatively pleasant. As the evening approaches, temperatures are expected to drop, with minimums falling between 19°C and 23°C, especially in inland and hilly areas.The cooler nights are part of the ongoing weather change this March, providing relief from the heat that usually rises before summer.

Winds, humidity across UAE

According to the NCM, winds will be light to moderate, freshening at times, which may cause dust blowing in exposed areas.Humidity levels are expected to increase during the night and morning, especially in coastal areas, leading to slightly muggy conditions by morning.Sea conditions can also vary throughout the day: the Arabian Gulf can be moderate to rough at times, while the Oman Sea remains mild to moderate.

why is it weather in united arab emirates Unstable?

Current conditions are associated with low pressure systems affecting the region, combined with increased cloud activity over eastern parts of the country.March is typically a transitional month in the UAE, where fluctuations between clear skies, overcast skies and occasional rain are common. The latest forecast suggests that this pattern may continue in the coming days, with intermittent cloudy skies and a possibility of rain over selected areas.

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Cuba in darkness again: US oil blockade causes another blackout this week, as Havana turns to flashlights

Cuba in darkness again: US oil blockade causes another blackout this week, as Havana turns to flashlights
People spend the night in darkness on the Malecón during a blackout in Havana, Cuba, on Saturday, March 21, 2026. (AP Photo/Ramon Espinosa)

A power outage, the second in five days and the third this month, left Cuba without power on Saturday, with authorities later blaming an “unexpected failure” in a generating unit at the Nuevitas thermoelectric plant in Camagüey province.Also read: Cuba suffers deep energy crisis with blackouts across the island“From that moment on, there was a widespread failure of the units that were online,” the Ministry of Energy and Mines said in a report.

Cuban blackout

Cuban blackout

The ministry said it has activated “micro-islands” of generation units to supply power to essential services, including hospitals, water systems and other critical centres.Initially, the Cuban Electric Union, which reports to the Energy Ministry, announced a nationwide blackout without immediately giving a reason.

Cuban blackout

Cuban blackout

Efforts to restore power are ongoing.Power outages ‘relatively normal’ in CubaPower outages – both nationwide and regional – have become increasingly common in Cuba over the past two years due to failures in the country’s aging infrastructure. These breakdowns are compounded by daily blackouts lasting up to 12 hours, driven by persistent fuel shortages that put further pressure on the system.Also read: Communist Party office attacked over power cuts in CubaPower outages have had a severe impact on daily life, disrupting work, limiting cooking options and causing food spoilage due to refrigeration failures, among other challenges.

Cuban blackout

Cuban blackout

President Miguel Diaz-Canel said the island has not received oil from foreign suppliers for three months, with domestic production meeting only about 40% of its fuel needs.While Cuba’s deteriorating electricity grid is a major factor, the government has also blamed US sanctions for the crisis. In January President Donald Trump threatened tariffs on countries that supply oil to Cuba, with Washington demanding the release of “political prisoners” and steps toward political and economic reforms in exchange for an easing of sanctions.

Cuban blackout

Cuban blackout

Trump has also “raised the possibility of”friendly takeover“Cuban.(with AP input)

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‘Can reach London, Paris or Berlin’: Israel says Iran launches missile with 4,000 km range

On Cam: Tel Aviv rocked by explosions, Iran missile barrage rocks Israeli city

Image has been used for representative purposes.

The Israel Defense Forces said Iran has launched a long-range missile capable of a range of about 4,000 kilometers for the first time since the start of “Operation Roaring Lion”, warning that the development poses a broader global threat.“The Iranian terrorist regime launched for the first time a long-range missile … that can reach a range of ~4,000 km,” the military said, adding that such capabilities mean the missiles “could reach London, Paris or Berlin.”

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On Cam: Tel Aviv rocked by explosions, Iran missile barrage rocks Israeli city

The IDF said it had previously revealed during “Operation Rising Lion” in June 2025 that Iran wanted to develop missiles with a range of 4,000 kilometers, which it said would threaten “dozens of countries in Europe, Asia and Africa.” Iran declined to pursue such capabilities at the time.“We have continued to say this: the Iranian terrorist regime poses a global threat,” the statement said.It said Iran has carried out attacks against 12 countries in the region and continues to develop capabilities that “pose a much broader threat.”This has happened when the conflict continues in the Middle East and both Israel and Iran are attacking each other.

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More than 100 injured in Iran missile attack in Israel; Netanyahu called it ‘a difficult evening in the fight for the future’

'More than 50 attacks in 24 hours': Hezbollah rains hellfire on Israel as Iran's final revenge, IDF shocked

Missile attacks on Israel (Image credit: Israel Foreign Ministry at X)

Tel Aviv officials said more than 100 people, including children, were injured after Iranian missile attacks on the southern Israeli cities of Arad and Dimona, as well as significant damage in residential areas.Israeli officials said the attacks followed the failure of air defense systems to intercept incoming projectiles, hours after 33 people were wounded in nearby Dimona, wounding 75 people in Arad, including 10 in critical condition, according to doctors.

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‘More than 50 attacks in 24 hours’: Hezbollah rains hellfire on Israel as Iran’s final revenge, IDF shocked

Emergency responders described widespread destruction at both locations, with residential buildings torn apart and large craters left by the impact. Interceptors were launched but failed to neutralize the ballistic missiles, which carried warheads weighing hundreds of kilograms, firefighters said.Emergency services magan David Adom said it transported dozens of injured people to hospitals.“Of these, 10 patients are in serious condition, 13 patients are in moderate condition and 48 patients are in mild condition,” the agency said.In Dimona, which hosts a sensitive nuclear facility, medics treated 33 injured, including a 10-year-old boy with severe shrapnel wounds. Iranian state television described the attack as a “reaction” to an earlier attack on Iran’s Natanz nuclear site.israeli prime minister benjamin netanyahu He said he had spoken to Mayan and instructed government agencies to provide assistance.Netanyahu said, “This is a very difficult evening in the fight for our future. Not long ago, I spoke to Mayor of Arad Yair Ma’an and asked him, on behalf of all Israeli citizens, to express our prayers for the peace of the injured. I have instructed the director general of my office to work with all government ministries to provide all necessary assistance.”He said, “I strengthen the emergency and rescue forces operating in the area right now, and I call on everyone to heed the instructions of the Home Front Command. We are determined to continue attacking our enemies on all fronts.”The Israeli Foreign Ministry accused Iran of deliberately targeting civilians.“The Iranian regime deliberately destroyed Arad and Dimona by attacking civilians with missiles. More than 100 people, including children, were injured. A blatant war crime. Pure terrorism,” the ministry said in a post on X.Arad Mayor Yair Mayan said about 150 families were evacuated from the affected area after the strike.Former prime ministers Naftali Bennett and Yair Lapid also condemned the attack. “Our hearts are now in Arad and Dimona. We are praying together for the peace of the injured and their families,” Bennett said.Lapid said, “This evening our hearts are with the south. A major disaster with dozens of people injured in Dimona and Arad. Strengthening the security and rescue forces who are working to save lives at this time. And wish for the speedy recovery of the injured. We are all with you.”The Israeli military said it would investigate the failure of its air defense systems. “The air defense systems operated but did not stop the missile, we will investigate the incident and learn from it,” military spokesman Brigadier General Effie Defrin said on Twitter.Iran has launched repeated missile attacks on Israel in recent days in response to the US-Israeli attacks that began on February 28.

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Judge rejects Trump administration’s sanctions on Pentagon journalists

The Trump administration’s decision to restrict journalists’ activities at the Pentagon, which forced most news organizations out of the building, was blocked by a federal judge in Washington on Friday.The court ruled in favor of a lawsuit brought by The New York Times, which accused the administration of violating freedom of speech.Last fall, Defense Secretary Pete Hegseth demanded that news organizations agree to new limits on their reporting. The Pentagon’s policy has put journalists at risk of being labeled as a “security risk”, which could lead to their credentials being stripped if they are found soliciting material that could be considered classified or controlled unclassified information, a ubiquitous label on Defense Department documents.That standard, Judge Paul Friedman wrote in his opinion, “provides no way for journalists to know how they can do their jobs without losing their credibility. The policy is therefore vague in violation of the Fifth Amendment.”“We disagree with the decision and are immediately appealing,” Pentagon spokesman Sean Parnell said in a post on Twitter.Bloomberg News, the five major television networks as well as the AP, the Times and other news organizations had said they would refuse to sign on to the policy, and their reporters walked out on October 15. In the years following World War II, journalists had been working in the building located across the Potomac River from Washington in Arlington, Virginia.The judge said that “in view of the country’s recent incursions into Venezuela and its ongoing war with Iran, it is more important than ever that the public has access to information from a variety of perspectives about what its government is doing.” (This is a Bloomberg story)

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