The Fall, Rise and Fall of Creative Destruction: Justin Fox
published Sep 26, 2017, 8:21:43 AM, by Justin Fox (Bloomberg View) — Forbes turned 100 this month. So of course the magazine had to throw a big party, with Warren Buffett and Stevie Wonder singing a duet. And of course it had to run an article in its anniversary issue
Saudi Arabia Lifts Ban on Women Drivers, Ending Isolation
published Sep 26, 2017, 8:26:30 PM, by Vivian Nereim and Wael Mahdi (Bloomberg) — Saudi Arabia will allow women to drive cars, ending its status as the only country in the world to ban half the population from getting behind the wheel. It’s the most dramatic move so far in
Trump Is Said to Unveil 35% Individual Tax Rate, Could Go Higher
published Sep 26, 2017, 7:04:10 PM, by Anna Edgerton and Ben Brody (Bloomberg) — President Donald Trump and Republican leaders will announce their long-awaited tax overhaul plan Wednesday, cutting rates for corporations and pass-through business. They’ll also propose a top individual rate of 35 percent but leave to Congress the
Devotional 8/2: Wisdom From the Westboro Baptist Church
Please Note: I will return to my Those Who Stood Up and Signed series next week! Living here in the Midwest, I am not used to people being very aggressive on the highways. However, I have to say that in the past few years, there seems to have been a
How Tax Reform Could Squeeze the Middle Class, in Five Scenarios
published Sep 25, 2017, 3:52:23 PM, by Ben Steverman and Suzanne Woolley (Bloomberg) —One of Washington’s biggest mysteries may soon be solved: What exactly are President Donald Trump and Republicans in Congress planning to do about taxes? Lawmakers are expected to unveil a framework for tax reform on Wednesday, the same
U.S. Sees `Four or Five’ Ways to Resolve North Korean Crisis
published Sep 25, 2017, 4:54:55 PM, by Margaret Talev, Kambiz Foroohar and Tony Capaccio (Bloomberg) —The U.S. has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions again
Global Markets on Edge as Elections Thrust Politics Back to Fore
published Sep 25, 2017, 3:01:00 PM, by Luke Kawa and Liz Capo McCormick (Bloomberg) —For global financial markets, politics are back at the fore. Look no further than the foreign exchange market, where the New Zealand kiwi and the euro were battered after weekend elections delivered unexpected results and the
Matt Levine’s Money Stuff: Retail Bankruptcy and Insider Trading
published Sep 20, 2017, 8:17:26 AM, by Matt Levine (Bloomberg View) — Toys ‘R’ Us. One thing to say about Toys “R” Us Inc.’s bankruptcy filing yesterday is that Toys “R” Us’s business is basically fine. It had $460 million of GAAP operating income last year, up from the year
Brexit Sound and Fury Fades as EU Moves On to Bigger Themes
published Sep 24, 2017, 6:00:00 PM, by Kati Pohjanpalo (Bloomberg) — The European Union is making it abundantly clear that it has more important issues to worry about than Britain’s departure from the bloc. Now that the EU is finally out of crisis mode, it’s more interested in working on
New Trump Ban Restricts or Bans Travel From Eight Countries
published Sep 24, 2017, 7:08:47 PM, by Terrence Dopp and Toluse Olorunnipa (Bloomberg) —President Donald Trump ordered restrictions or suspensions on travel to the U.S. from eight countries, replacing his ban on travelers from six Muslim-majority nations that had been limited by court challenges. “I must act to protect the