As Commodities Roar, Africa Wants Bigger Slice of the Mining Pie
published Mar 21, 2018, 3:52:47 PM, by Thomas Biesheuvel and Tom Wilson (Bloomberg) — One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse
Korea Plans Budget to Prevent Youth Unemployment Catastrophe
published Mar 15, 2018, 2:59:22 AM, by Jiyeun Lee (Bloomberg) — South Korea plans an extra budget to help young people start companies and to support firms that hire them as the government battles to arrest the nation’s rising youth jobless rate. The aim is to push youth unemployment below
Devotional 11/02: Wrestling with G-d
I had fallen and I could not get up. I had fallen and I did not want to get up. But you ordered me up so I jumped up and grabbed you. I held on tight and I would not let go. (Was it wrestling or holding? I don’t know)
Google Said to Sweeten Deals With Publishers as Tech Woos Media
published Mar 20, 2018, 5:57:41 PM, by Gerry Smith and Mark Bergen (Bloomberg) — Google is offering publishers sweeter terms as part of a new subscriber tool announced Tuesday, currying favor with the news industry at a time when Facebook Inc. is sending mixed signals to newspapers and magazines. Publishers
Why Money Managers Are Paid So Much Is a Mystery: Noah Smith
published Mar 19, 2018, 4:00:29 AM, by Noah Smith (Bloomberg View) — Why do workers in the financial industry get paid so much? There are many possible explanations, none of them completely satisfying. The financial industry commands a much larger share of the U.S. economy than in the past, causing
Matt Levine’s Money Stuff: Warren Buffett Is an Average Employee
published Mar 19, 2018, 9:14:51 AM, by Matt Levine (Bloomberg View) — Pay ratios. Ahahaha sure: Berkshire Hathaway Inc.’s Warren Buffett is scoring particularly well on a new rule requiring companies to disclose the ratio of a chief executive officer’s pay to that of the median employee. His annual compensation
States Open Probes Into Election Firm’s Facebook Data Use
published Mar 19, 2018, 4:48:31 PM, by Erik Larson (Bloomberg) — Connecticut opened an inquiry into how the personal information of millions of Facebook Inc. users came into the possession of U.K.-based Cambridge Analytica, the sophisticated data analytics firm that helped President Donald Trump win the 2016 election. Reports that
Corporate America Warns Trump Against Broad-Based China Tariffs
published Mar 19, 2018, 5:24:53 PM, by Andrew Mayeda (Bloomberg) — U.S. companies from Walmart Inc. to Amazon.com Inc. are warning President Donald Trump that any sweeping trade action against China could raise consumer prices, increase costs for businesses and hurt stock prices. Broad-based tariffs on Chinese goods would “trigger
Stocks Face Drop in Asia as Tech Sentiment Rattled: Markets Wrap
published Mar 19, 2018, 4:55:52 PM, by Adam Haigh (Bloomberg) — Stocks in Asia were poised to follow U.S. equities lower after a sell-off in technology shares bruised trader sentiment before a key Federal Reserve policy meeting. Futures signaled declines on equity indexes in Japan, Australia and Hong Kong. U.S.
Kushner Conflict Cloud Hovers Over Brooklyn Sale Linked to Japan
published Mar 13, 2018, 3:00:00 AM, by Caleb Melby (Bloomberg) — Two months after Jared Kushner joined the White House as a senior adviser, his family firm sold a stake in a Brooklyn building to a unit of a company whose largest shareholder is the government of Japan. The buyer