Bulldozers Show Where Economy’s Going Before the Official Data
published Oct 4, 2017, 3:00:08 PM, by Yuko Takeo (Bloomberg) —A fleet of excavators, bulldozers and dump trucks spread out across the globe provides an early peek at what’s happening in construction, mining, and the broader economy. The 470,000 machines sold by Komatsu Ltd. almost continuously transmit their position and
Russia-Financed Facebook Ads Are Said to Show Diverse Targets
published Oct 4, 2017, 5:07:15 PM, by Steven T. Dennis and Billy House (Bloomberg) —Russia-financed Facebook ads turned over to congressional panels show that Democratic strongholds like California, New York and Maryland were targeted along with the battleground states of Wisconsin and Michigan, according to a Republican official on the House
Puerto Rico Will Run Out of Cash on Oct. 31, Treasurer Says
published Oct 4, 2017, 5:47:45 PM, by Ezra Fieser (Bloomberg) —Puerto Rico faces a government shutdown on Oct. 31, including halting its hurricane recovery, if Congress doesn’t provide billions in emergency funds, said Treasury Secretary Raul Maldonado. The U.S. commonwealth’s bankrupt government is burning through the $1.6 billion it had
Those Who Stood Up and Signed Part 5
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
Help Low-Income Students Scale the Ivory Tower: Editorial
published Oct 3, 2017, 3:33:58 PM, by The Editors (Bloomberg View) —America’s elite colleges are more selective than ever before. They also remain disproportionately populated by the wealthy — in part because many qualified students from poor backgrounds don’t even apply. The good news is that there are proven strategies
Dollar Marks Time, Asia Stocks Mixed, Bonds Rise: Markets Wrap
published Oct 3, 2017, 7:17:54 PM, by Adam Haigh (Bloomberg) —The rally in the dollar petered out as investors awaited fresh triggers for trades from upcoming Federal Reserve speeches and U.S. economic data. Asian stocks were mixed at the open after American benchmarks closed at record highs. The Bloomberg dollar index hovered
Perry’s Coal Proposal Seen Unlikely to Reverse Historic Decline
published Oct 3, 2017, 5:27:05 PM, by Tim Loh (Bloomberg) —U.S. Energy Secretary Rick Perry’s plan to reward coal-fired power plants that keep large stockpiles of fuel won’t be enough to reverse the industry’s long-term decline, analysts say. Perry has proposed extra payments for power generators with at least 90
Trump Faces Leadership Test in Deadliest U.S. Mass Shooting
published Oct 2, 2017, 7:55:04 AM, by Jennifer Epstein and Kathleen Hunter (Bloomberg) — President Donald Trump faced a leadership test Monday after a killing spree in Las Vegas was called the deadliest mass shooting in modern U.S. history. Trump offered his condolences after police said at least 50 people
White House Rules Out North Korea Talks After Tillerson Remarks
published Oct 2, 2017, 7:40:52 PM, by Jennifer Epstein, Nick Wadhams and Keith Zhai (Bloomberg) — The White House ruled out talks with North Korea over its nuclear arsenal just days after Secretary of State Rex Tillerson said the U.S. was talking to North Korea “directly, through our own channels.”
Facebook Says 10 Million People Saw Russia-Linked Advertisements
published Oct 2, 2017, 6:03:53 PM, by Alex Webb (Bloomberg) — Facebook Inc. estimates that 10 million people saw the advertisements that have been linked to Russian efforts to influence last year’s U.S. presidential election. About 44 percent of the ads were seen before the Nov. 8 election, Elliot Schrage,