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Romney Postpones Senate Race Announcement After School Shooting
Mitt Romney, the former Massachusetts governor and 2012 Republican presidential candidate, postponed announcing his plans for the Senate race in Utah in the wake of a deadly shooting at a Florida high school on Wednesday. “As a father and grandfather, my heart aches for the victims of today’s tragic events,”
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More Cash in Your Pocket as U.S. Power Costs at Record Low
published Feb 15, 2018, 9:13:09 AM, by Jim Efstathiou Jr. (Bloomberg) — Americas are spending the least of their paychecks on electricity in at least 58 years as gains in energy efficiency leave more for food, vacations and gadgets. Consumer spending on electricity fell to 1.3 percent of personal consumption
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Trump Will Be the Big Loser If Netanyahu Falls: Zev Chafets
published Feb 15, 2018, 9:26:24 AM, by Zev Chafets (Bloomberg View) — After 14 months of investigation, the Israeli police have finally decided that Prime Minister Benjamin Netanyahu is a crook. That doesn’t make him guilty. The cops aren’t always right. Bibi says they are biased. Now the police report
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Want to Hit It Big in Oil? Get Fired by This Company
published Feb 14, 2018 4:24:36 PM, by Alex Nussbaum and Anders Melin (Bloomberg) — Want to make it big in the oil industry? Try getting fired by SandRidge Energy Inc. James D. Bennett, the CEO dismissed last week, left the company with a severance package worth at least $14 million,
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Most Miserable Economies of 2018 Stay Haunted by Inflation Beast
published Feb 14, 2018 4:00:00 PM, by Michelle Jamrisko and Catarina Saraiva (Bloomberg) — Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies. Venezuela marks its fourth year as the
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Trump Is Said to Back 25-Cent Rise in Gas Tax for Infrastructure
published Feb 14, 2018 3:21:58 PM, by Mark Niquette (Bloomberg) — President Donald Trump told lawmakers he would support a 25-cent increase in the federal gasoline tax to pay for his plan to upgrade U.S. public infrastructure, a congressional aide said. Oregon Representative Peter DeFazio, the top Democrat on the
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Senate Struggling to Find Votes for an Immigration Compromise
published Feb 13, 2018 6:13:02 PM, by Laura Litvan and Sahil Kapur (Bloomberg) — Senate Majority Leader Mitch McConnell said he wants to wrap up immigration legislation this week even as senators working on bipartisan compromises say none of the proposals offered so far has enough votes to pass. “I
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China’s Most Powerful Weapon in Trump Trade War May Backfire
published Feb 13, 2018 7:02:22 PM, by Bloomberg News (Bloomberg) — As tensions escalate between the U.S. and China, one crop is emerging as the most powerful weapon in a potential trade war: the soybean. China is the biggest buyer of American soybeans, picking up about a third of the
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IBM-Microsoft Spat Elevates Diversity to Tech-Secret Level
published Feb 12, 2018 5:25:00 PM, by Chris Dolmetsch (Bloomberg) — International Business Machines Corp. called foul on Microsoft Corp.’s hiring of its chief diversity officer in a case that elevates recruiting and promotion of an inclusive workforce to the level of safeguarding proprietary technology. IBM claims the information that
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A Welcome Development on the Korean Peninsula: Editorial
published Feb 12, 2018 4:44:53 PM, by The Editors (Bloomberg View) — In the quarter-century that the world has been dealing with North Korea’s nuclear program, there have been precious few nuggets of good news. The U.S. response to an olive branch from dictator Kim Jong Un may be one