Curated news from Bloomberg Business
published Sep 11, 2017 5:00:00 PM, by Fion Li (Bloomberg) — Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Chan warned in
published Sep 11, 2017, 4:23:29 PM, by Erik Wasson, Laura Litvan and Elizabeth Dexheimer (Bloomberg) — The massive data breach at Equifax Inc. is “exhibit A” on the need for strong U.S. regulation, including higher fines against companies that mishandle consumers’ personal information, second-ranking Senate Democrat Dick Durbin said Monday.
published Sep 11, 2017, 6:01:00 PM, by Robert Hutton (Bloomberg) — Britain will continue to offer troops to European Union operations after Brexit, as well as agreeing to joint foreign policy positions with the bloc, as part of the close relationship that Theresa May’s government is pitching for. The latest
published Sep 6, 2017, 10:57:49 AM, by Christopher Condon and Craig Torres (Bloomberg) —Federal Reserve Vice Chairman Stanley Fischer has resigned effective in mid-October, giving President Donald Trump scope to start reshaping the leadership of the U.S. central bank sooner than expected and clouding the longer-term outlook for monetary policy.
published Sep 8, 2017, 11:21:43 AM, by Suzanne Woolley (Bloomberg) —One Ring to rule them all, One Ring to find them,One Ring to bring them all, and in the darkness bind them.—J.R.R. Tolkien David Haas doesn’t like to give out his Social Security number. He fends off all the requests
published Sep 10, 2017, 3:00:00 PM, by Jiyeun Lee and Hooyeon Kim (Bloomberg) —South Korea and North Korea could hardly be further apart right now: A new democratic president has been elected in Seoul after the peaceful ouster of his predecessor over a political scandal, while a dictator in Pyongyang has
published Sep 7, 2017 1:22:19 PM, by Megan McArdle (Bloomberg View) — In 2010, the Southern Poverty Law Center designated the Family Research Council a “hate group” because of its orthodox position on homosexuality, and its occasionally incendiary defenses of that position. In 2012, Floyd Corkins showed up at the
published Feb 2, 2017 8:20:51 AM, by Matt Levine (Bloomberg View) — Index funds and activists. The basic thesis of the index-funds-should-be-illegal crowd is that when most companies are mostly owned by the same overlapping group of owners — big mutual fund complexes, particularly passive index funds — then those companies
published Aug 31, 2017 7:01:06 PM, by Lisa Fleisher (Bloomberg) — 1) The U.S. Military Needs More Good Dogs Highly trained dogs are in high demand by border patrol units, private security firms, the U.S. military and other agencies. They can cost $25,000 apiece—and that’s before additional training that can
published Sep 6, 2017 3:22:31 PM, by Sarah McGregor (Bloomberg) — The U.S. slapped sanctions on three current and former South Sudanese officials in President Salva Kiir’s government for their alleged roles in destabilizing the African nation and “enriching” themselves through corruption. The U.S. blacklisted South Sudan’s army deputy chief