Trump Urges GOP Senators to Push Tax-Cut Plan Amid Corker Spat
published Oct 24, 2017 2:49:14 PM, by Laura Litvan (Bloomberg) — President Donald Trump encouraged GOP senators to push ahead with their tax-cut plans Tuesday, hours after feuding publicly with fellow Republican Bob Corker. On the same day, Arizona Republican Jeff Flake announced on the Senate floor he’s not seeking
F-35s Hobbled by Parts Shortages, Slow Repairs, Audit Finds
published Oct 23, 2017 12:00:10 PM, by Tony Capaccio (Bloomberg) — The Pentagon is accelerating production of Lockheed Martin Corp.’s F-35 jet even though the planes already delivered are facing “significantly longer repair times” than planned because maintenance facilities are six years behind schedule, according to a draft audit.
Elizabeth Warren Calls for SEC Insider Probe of Navient Trades
published Oct 23, 2017 12:47:22 PM, by Shahien Nasiripour (Bloomberg) — The U.S. Securities and Exchange Commission should investigate possible insider trading of shares of student loan company Navient Corp., Senator Elizabeth Warren of Massachusetts and Representative Suzanne Bonamici of Oregon, said Monday in a letter to the agency chairman, Jay
Talking North Korea With Israel’s Rocket Man: Zev Chafets
published Oct 21, 2017 7:00:10 AM, by Zev Chafets (Bloomberg View) — Success, it is said, has many fathers, and that is certainly the case of Israel’s astonishing achievements in the areas of missile defense and cybersecurity. But if anyone is entitled to claim paternity, it is Isaac Ben-Israel. As a
Democratic Committee to Ban Funds From Donors That `Conflict’
published Oct 21, 2017, 5:06:47 PM, by Jennifer Epstein (Bloomberg) —The Democratic National Committee voted to ban donations from certain corporate political action committees — including those tied to tobacco companies, gun makers and payday lenders — that “conflict” with the party’s platform. DNC members approved the measure on Saturday
McConnell Says Not Giving Up on Tax Plan Revenue Neutrality
published Oct 22, 2017 4:53:09 PM, by Mark Niquette, Kevin Varley and Ben Brody (Bloomberg) — The Republican Party hasn’t abandoned the goal of making President Donald Trump’s tax-cut plan revenue neutral and can make it so by lifting economic growth, Senate Majority Leader Mitch McConnell said. “Actually we’re not,
Google Wants to Train Other Companies to Use its AI Tools
published Oct 19, 2017, 3:24:55 PM, by Mark Bergen (Bloomberg) —As Google’s boss, Sundar Pichai has put artificial intelligence at the center of almost everything the internet giant does these days. Now he wants other companies to catch up. Alphabet Inc.’s Google is starting what it calls an “AI crash
Matt Levine’s Money Stuff: ICOs, Marxism and Credit Reports
published Oct 13, 2017, 8:23:11 AM, by Matt Levine (Bloomberg View) —ICOs. It’s worth explaining why you would do an initial coin offering. I mean, the most common reason to do an initial coin offering is to raise a lot of money from bitcoin enthusiasts without having a working business model or complying
Trump Vows Changes to Tax Plan in Weeks, Brushes Off Corker Feud
published Oct 10, 2017, 4:01:41 PM, by Justin Sink (Bloomberg) — President Donald Trump said Tuesday he plans to make changes to his tax plan within the next few weeks, while dismissing concerns that his public spat with Senator Bob Corker would scuttle an overhaul. “We’ll be adjusting a little
There’s So Much Pain in Agriculture That Traders Are Leaving
published Oct 18, 2017, 8:20:04 AM, by Agnieszka de Sousa and Andy Hoffman (Bloomberg) — The success of modern farmers has become the misery of traders at the world’s biggest agriculture merchants. Profits are shrinking as years of bumper harvests sap volatility and trading opportunities, forcing companies to tighten their