Israel Readies Bomb Shelters in North, Fearing Iranian Attack
published May 8, 2018, 3:00:06 PM, by Michael S. Arnold (Bloomberg) — Israel’s army instructed municipalities in the Golan Heights to open bomb shelters in the northern plateau after noticing “irregular activity” of Iranian forces in Syria that raised fears of an impending attack on Israel. “Defense systems have been
Every Illinoisan Owes $11,000 for Pensions With No Fix in Sight
published May 8, 2018, 7:57:37 AM, by Elizabeth Campbell (Bloomberg) — Three years ago today, the Illinois Supreme Court struck down the state’s attempt to cut its employees’ pension benefits to chip away at a retirement-system debt that’s swelled to almost $11,000 for every man, woman and child. Since then,
A Nafta Deal in May? All Sides to Try, But It Won’t Be Easy
published May 7, 2018, 5:27:22 PM, by Eric Martin, Josh Wingrove and Andrew Mayeda (Bloomberg) — Cabinet-level negotiators from the three Nafta nations are meeting again in Washington this week to attempt a breakthrough on the trade deal. It won’t be easy. Several contentious issues remain unresolved after more than
A Supercar, a Cruise, and Other Things You Can Buy for $130,000
published May 4, 2018, 5:03:01 PM, by Jason Tesauro (Bloomberg) — Say someone gave you $130,000. Or you just want to spend $130,000 for fun. Or you’d like to spend $130,000 because you know someone will pay you back. Sometimes it’s not clear. Anyway, here are some things you could
Elon Musk Outlines Plan to Get Into the Brick-Making Business
published May 7, 2018, 5:58:08 PM, by Sarah McBride (Bloomberg) — Move over, candy and flamethrowers. Elon Musk tweeted out plans Monday for yet another side venture: alleviating the nation’s housing crisis. “The Boring Company will be using dirt from tunnel digging to create bricks for low-cost housing,” he wrote
Netanyahu Says Better to Face Iran Sooner Rather Than Later
published May 6, 2018, 1:41:42 PM, by Michael S. Arnold and David Wainer (Bloomberg) — Israel will do what’s needed to block Iranian aggression, sooner rather than later, Prime Minister Benjamin Netanyahu said Sunday. “Nations that didn’t act in time against murderous aggression against them paid a much higher price
Buffett Skirts Controversy as Politics Intrude on His Omaha Bash
published May 6, 2018, 3:03:22 PM, by Katherine Chiglinsky and Noah Buhayar (Bloomberg) — Even Warren Buffett can’t escape the political and social debates that have spilled over into the corporate world. Tens of thousands of investors descended on Omaha, Nebraska, over the weekend to hear him speak about business
Iran Opposes Higher Oil Prices, Signaling Divide With Saudis
published May 6, 2018, 4:00:00 PM, by Arsalan Shahla (Bloomberg) — Iran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member Saudi Arabia, which is showing a willingness to keep tightening crude markets. A “suitable price” for crude
Debate: Is Trump Right to Confront China?: Balding & Fickling
published May 3, 2018, 4:00:15 PM, by David Fickling and Christopher Balding (Bloomberg Opinion) — Amid a simmering trade dispute, top officials from President Donald Trump’s administration are visiting Beijing this week, hoping to induce China to make key concessions on matters such as market access and the U.S. trade
Brexit Transition Must Be Extended, U.K. Officials Said to Think
published May 3, 2018, 5:01:06 PM, by Tim Ross (Bloomberg) — The Brexit transition period will need to be extended potentially for years because any new customs regime will not be ready to come into force in time, according to senior British officials. In what would be a politically explosive