The U.S. Hasn’t Lost the Space Race to China Yet: Adam Minter
published Nov 21, 2017, 4:00:10 PM, by Adam Minter (Bloomberg View) — By the middle of the century, nuclear-powered Chinese shuttles will regularly ply interplanetary space, carrying workers between mining colonies on distant planets and asteroids. If that, like much else published on the front page of the People’s Daily,
Bull Market’s Big Supporters Ask What May Tip It to the Bears
published Nov 20, 2017, 7:27:54 PM, by Adam Haigh (Bloomberg) — Some of the biggest proponents of the bull market in equities are starting to ask the question: when should you get out? While the answer from some of the world’s largest money managers is that it’s not quite time yet, they’re
North Korea Says China Stressed `Friendly Relations’ in Talks
published Nov 17, 2017, 11:32:14 PM, by Heesu Lee (Bloomberg) — China’s special envoy stressed his country’s stance to steadily develop “traditional friendly relations” with North Korea during talks with one of the most senior officials in the Workers’ Party of Korea, the state-run Korean Central News Agency reported. Song Tao
May Prepares New Brexit Offer After Strategy Talks With Cabinet
published Nov 20, 2017, 4:58:09 PM, by Thomas Penny and Svenja O’Donnell (Bloomberg) — Prime Minister Theresa May won the backing of ministers on both sides of her divided cabinet to offer the European Union more money to break the Brexit deadlock so talks can move on to discussing future
Trump Foundation Says It Will Dissolve as President Promised
published Nov 20, 2017, 7:56:49 PM, by Alex Wayne (Bloomberg) — President Donald Trump’s charitable foundation said in a tax filing that it intends to dissolve, as Trump promised it would last December to avoid conflicts of interest. The Donald J. Trump Foundation said in its annual tax return for
War for ETF Mastery Widens With WisdomTree Buyout in Europe
published Nov 13, 2017, 10:14:50 AM, by Rachel Evans (Bloomberg) — The next front in the battle to dominate exchange-traded funds is just across the Atlantic. WisdomTree Investments Inc. agreed to buy ETF Securities’ $17.6 billion funds business in Europe, the company said in a statement Monday. The deal would
Some of America’s Richest Families Help Trump Target Estate Tax
published Oct 31, 2017, 3:00:08 AM, by Ben Steverman (Bloomberg) — The White House cited research from a “family business” group to support its push for repealing the federal estate tax. But don’t mistake family business owners for small business owners. Directors of the group, called Family Enterprise USA, include
How to Trick Yourself Into Retiring a Multimillionaire
published Nov 1, 2017, 4:00:08 AM, by Rebecca Greenfield and Francesca Levy (Bloomberg) — Subscribe to Game Plan on Apple Podcasts Subscribe to Game Plan on Pocket Castshttps://megaphone.link/BLM8568545285 Most of us are really bad at thinking about and planning for our retirement. Only a third of Americans contribute to employer-provided 401(k) accounts, and about half have no retirement savings at
Use Occam’s Razor on Trump-Russia Stories: Leonid Bershidsky
published Nov 15, 2017, 7:56:19 AM, by Leonid Bershidsky (Bloomberg View) — The Trump-Russia story is becoming surreal. It’s worth pausing for a minute and applying a tool that’s getting rusty from disuse — Occam’s razor, and specifically Isaac Newton’s take on it: “We are to admit no more causes of
Matt Levine’s Money Stuff: Sovereign Default and Bank Culture
published Nov 14, 2017, 8:42:58 AM, by Matt Levine (Bloomberg View) — Venezuela. Yesterday Venezuela had a big meeting with its creditors to discuss how it is going to restructure its debt. Well, not really. A little bit. That was the general idea. But there are obstacles to actually having