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Matt Levine’s Money Stuff: Mortgage Fraud and Growing Worries
©2016 Bloomberg View O2FTJO6S972O (Bloomberg View) — Morgan Stanley Modern psychology has not, I think, fully come to grips with the death drive in financial e-mails. People know they are not supposed to mention illegal stuff in their e-mails and instant messages and chat rooms and recorded phone calls. You can tell
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China Ramps Up Rhetoric, Plans New Steps to Juice Up Economy
©2016 Bloomberg News O2O2NE6K5145 (Bloomberg) — China is stepping up support for the economy by ramping up spending and considering new measures to boost bank lending. The nation’s chief planning agency is making more money available to local governments to fund new infrastructure projects, according to people familiar with the
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There’s One Place Where OPEC Can’t Broker an Oil Deal: Texas
©2016 Bloomberg News O2NZG96JIJV8 (Bloomberg) — Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if — the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With
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Do Tax Preparers Know What They’re Doing?
©2016 Bloomberg News O2C8VF6JTSEE (Bloomberg) — For several years, researchers have been sending people into tax preparation offices to test the quality of the work. The results have been scary: * A tax preparer in North Carolina wasn’t sure what to do with one client’s dividend income form. She decided to just
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Israel Reaches Out to Old Ally in American Jews: Daniel Gordis
©2016 Bloomberg View O2LJ0F6JTSEC (Bloomberg View) — Outside the spotlight, one long- standing Israeli rift seems to be healing, at least for now. The Jewish State has long had a fraught relationship with the non-Orthodox Jewish community in the U.S. Some 90 percent of American Jews are not Orthodox, and
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Spies Who Chased Terrorists Join Banks to Hunt for Rogue Traders
©2016 Bloomberg News O2LNUK6TTDS3 (Bloomberg) — Bryon Linnehan spent more than two years chasing bad guys around Iraq as a U.S. military-intelligence officer. Since May, he’s been using skills he honed on the battlefield to monitor electronic communications inside Barclays Plc. Desperate to avoid more costly run-ins with regulators, investment banks
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Campaign Spending, Death Penalty in Play With High Court Opening
©2016 Bloomberg News O2KAWD6JIJW1 (Bloomberg) — The death of Antonin Scalia could set off a U.S. Supreme Court realignment that reverses decisions touching major facets of American life including gun control, campaign finance reform, and consumer protections. A newly remade 5-4 majority might even consider outlawing the death penalty. Those
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Apple’s `Error 53′ Could Upend a Lucrative Business: Adam Minter
©2016 Bloomberg View O2KCNS6KLVR7 (Bloomberg View) — Imagine if Ford remotely disabled the engine on your new F-150 pickup because you chose to have the door locks fixed at a corner garage rather than a dealership. Sound absurd? Not if you’re Apple. Since 2014, the world’s most profitable smartphone company
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Ukraine to Make Case for Government Shake-Up as Tensions Flare
©2016 Bloomberg News O2G1PN6S972O (Bloomberg) — The political crisis roiling Ukraine’s post- revolution leaders is coming to a head after a top reformer quit the government and the International Monetary Fund threatened to cut off aid. If efforts to revamp the cabinet fail, the risk is early elections. Prime Minister Arseniy Yatsenyuk
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Coke Bust Worth $172 million : A Well thought Out Scream by James Riordan
Now there’s a headline right out of the late 70s. On February 5, US Customs and Border Protection Air and Marine Operations agents on a P-3 Orion early-warning aircraft picked up and tracked a suspicious vessel heading north toward the US, according to a CBP press release. The airborne agents