North Korea May Be Preparing a Missile Launch, Kyodo Reports
published Nov 27, 2017 5:06:41 PM, by Colin Keatinge (Bloomberg) — Japan received radio signals suggesting that North Korea may be preparing for a missile launch test, Kyodo News reported, citing multiple government officials. Japan didn’t specify the type of possible missile, according to the news service. Any radio signals
Hillary Clinton Hits Trump, Xi in Address to Beijing Conference
published Nov 27, 2017 7:56:41 PM, by Bloomberg News (Bloomberg) — Hillary Clinton hit out at both U.S. President Donald Trump and Chinese leader Xi Jinping in remarks via video to a conference in Beijing on Tuesday. Clinton, a former U.S. secretary of state, said the Trump administration had retreated
Republicans Rush to Build Support Ahead of Senate Tax Debate
published Nov 26, 2017, 2:53:29 PM, by Craig Torres and Mark Niquette (Bloomberg) — Republican lawmakers are scrambling to lock up the votes need to finalize a tax bill that can make it to President Donald Trump’s desk by the end of the year, days before the Senate prepares to
Europeans Still Love Paying Cash, Even if They Don’t Know It
published Nov 26, 2017, 12:00:10 AM, by Piotr Skolimowski (Bloomberg) — Digital currencies may be getting all the buzz these days, but notes and coins still reign supreme in most of Europe. Cash made up around 79 percent of everyday payments across the euro area last year, according to a European Central
Actually, Maybe China Shouldn’t Open Up Just Yet: Michael Pettis
published Nov 26, 2017, 4:00:10 PM, by Michael Pettis (Bloomberg View) — China needs reform. This has long been the consensus advice from economists and multilateral institutions such as the World Bank, whose recent “China 2030” report argues that Chinese leaders should strengthen the role of markets and liberalize legal,
Texas Pension Bets Bigger on Hedge Funds as Others Back Away
published Nov 22, 2017, 10:19:22 AM, by Nico Grant (Bloomberg) — Texas, which has long prided itself on independence, is bucking the national trend on hedge funds. As large pension funds across the U.S. shy away from hedge funds because of concerns over high fees and mediocre returns, the Texas
Dollar Steady After Sinking on U.S. Rate Outlook: Markets Wrap
published Nov 22, 2017, 8:00:13 PM, by Adam Haigh (Bloomberg) — The dollar held onto losses after tumbling as the latest Federal Reserve meeting minutes highlighted a dovish tilt that showed divisions over the future path for U.S. monetary policy. The yen rose to a two-month high and Asian stocks
Those Who Stood Up and Signed: Part 10
I still remember how our Social Studies in high school drilled into our minds how the signers of the Declaration of Independence were risking their lives signing that document. That they were, yet they were not going to allow themselves to be bullied to by any music celebrity, actor, anyone
North Korean Missiles Still Lack Re-Entry Capability, Seoul Says
published Nov 16, 2017, 8:12:04 PM, by Shinhye Kang and Kanga Kong (Bloomberg) — North Korea hasn’t secured the key technologies needed to build ballistic missile that can survive a return through the atmosphere, according to South Korea’s Yonhap News Agency. An official from South Korea’s top spy agency told
Charting the U.S. Economy Yellen Will Leave to Successor Powell
published Nov 20, 2017, 11:00:01 PM, by Vince Golle (Bloomberg) — At the direction of President Donald Trump, the Federal Reserve chairmanship baton will be passed to Jerome Powell from Janet Yellen, and with it, a U.S. economy that’s been uninspiring in terms of growth yet remarkable in its longevity.