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Kim Jong Un Makes History With Short Walk Over Korean Border
published Apr 26, 2018, 7:31:41 PM, by Andy Sharp and Kanga Kong (Bloomberg) — Kim Jong Un on Friday became the first North Korean leader to enter South Korea since the peninsula was divided almost seven decades ago as talks begin over dismantling his nuclear weapons program. At 9:30 a.m.
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Chick-Fil-A, Christianity and Ugly Criticism: Stephen Carter
published Apr 21, 2018, 7:00:28 AM, by Stephen L Carter (Bloomberg View) — The New Yorker has been taking it on the chin lately for its essay about Chick-fil-A’s “infiltration” of New York City. Although most of the piece is about the evils of fast food and the chain’s ubiquitous
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Europe Wants a Robot Army to Challenge the U.S. and China on AI
published Apr 25, 2018, 6:01:00 PM, by Marc Champion (Bloomberg) — At the Bristol Robotics Laboratory in southwest England, dozens of tiny metal machines were poised to dance over a shiny white surface in “swarming” experiments to track how they organize themselves and work together. The scene at the European
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South Korea Economy Rebounds in 1st Quarter After Contraction
published Apr 25, 2018, 6:33:55 PM, by Jiyeun Lee (Bloomberg) — South Korea’s economy returned to growth in the first three months of this year, buoyed by an ongoing exports recovery and corporate investments. The expansion came after gross domestic product fell for the first time in almost a decade
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Millionaire Pass-Through Breaks Are Slammed by Senate Democrat
published Apr 24, 2018, 4:06:33 PM, by Sahil Kapur (Bloomberg) — A Senate hearing Tuesday indicated the politics of the tax overhaul haven’t changed since it passed in December, with Republicans singing its praises as an economist booster and Democrats torching it as a broken promise that mostly benefits the
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Generic-Drug Firms Said to Face U.S. Price-Fixing Charges
published Apr 24, 2018, 3:16:53 PM, by David McLaughlin and Drew Armstrong (Bloomberg) — U.S. prosecutors are nearing their first charges against companies in an almost four-year-old criminal investigation into alleged price-fixing by generic-drug makers, according to people familiar with the matter. At least two companies are on track to
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Macron Offers Trump a Third Way in Syria: Pascal-Emmanuel Gobry
published Apr 24, 2018, 11:59:50 AM, by Pascal-Emmanuel Gobry (Bloomberg View) — France and the U.S. may have worked together to strike the Syrian regime’s chemical weapons infrastructure on April 13. but the two countries have had different objectives. U.S. President Donald Trump has said he wants to reduce the
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How to Avoid a Retirement Savings Disaster: Barry Ritholtz
published Apr 23, 2018, 11:00:18 AM, by Barry Ritholtz (Bloomberg View) — The $140 billion drop in the value of General Electric Co.’s stock price during the past year gets the full human interest treatment in the Wall Street Journal. I don’t want to minimize the deep individual suffering of
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Matt Levine’s Money Stuff: Short Selling as a Business Model
published Apr 16, 2018, 9:26:30 AM, by Matt Levine (Bloomberg View) — Financialization. Twelve years ago, my now-Bloomberg colleague Joe Weisenthal proposed that startups that planned to disrupt an established industry should short the stock of the incumbents in that industry. That way, if they were right — if they
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Netflix Sells $1.9 Billion of Junk Bonds to Finance More Shows
published Apr 23, 2018, 4:10:30 PM, by Molly Smith (Bloomberg) — Netflix Inc. tapped the junk-bond market again to help finance its next wave of shows. The world’s largest online television network sold $1.9 billion of senior bonds in its largest-ever dollar-denominated offering. That was up from a planned $1.5