Is Rising Rent a Myth? For Many, Incomes Seem to Be Keeping Up
published Sep 13, 2017 3:00:07 AM, by Patrick Clark (Bloomberg) — Most people paying attention to the cost of renting an apartment in the U.S. would tell you that prices have gotten out of hand. That’s certainly true at the extremes where, say, the typical two-bedroom in the Bay Area suburb
Beautiful Coal’ Seeks New Life as Carbon Fiber for Submarines
published Sep 13, 2017 6:00:00 PM, by Tim Loh and Patrick Martin (Bloomberg) — The 30-foot hull of an experimental mini-sub is helping to show how the U.S. may be able to redeploy the mountain of coal that power plants are no longer burning. Researchers at the Oak Ridge National
Saudis Are Said to Prep for Possible Aramco IPO Delay to ’19
(Bloomberg) —Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter. While the government is still aiming for a Saudi Aramco IPO in the second half of
Trump Woos Democrats on Tax Overhaul at White House Dinner
published Sep 12, 2017 8:28:46 PM, by John Voskuhl (Bloomberg) — Three Democratic senators joined President Donald Trump for a White House dinner Tuesday aimed at winning their support for an as-yet unreleased tax overhaul bill that would be written by Republican leaders. Trump’s guests — Joe Manchin of West
Mexico Expanding Oil Hedge as Fuel Prices Float, Meade Says
published Sep 12, 2017 5:57:25 PM, by Carlos Manuel Rodriguez and Nacha Cattan (Bloomberg) — Mexico will most likely expand its oil hedge marginally for 2018 as it liberalizes gasoline prices, while the cost for the government to protect crude exports against a drastic drop in prices will be about
North Korea Vows to Accelerate Nuclear Push After UN Sanctions
published Sep 12, 2017 6:54:26 PM, by Kanga Kong (Bloomberg) — In its first official response to new United Nations sanctions, North Korea said it will accelerate its plans to acquire a nuclear weapon that can strike the U.S. homeland. The UN resolution verified that its push for nuclear weapons
Those Who Stood Up and Signed Part 3
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
Hong Kong Finance Chief Warns Again of Property Risk as Fed Acts
published Sep 11, 2017 5:00:00 PM, by Fion Li (Bloomberg) — Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Chan warned in
Equifax Is `Exhibit A’ in Case for Regulation, Durbin Says
published Sep 11, 2017, 4:23:29 PM, by Erik Wasson, Laura Litvan and Elizabeth Dexheimer (Bloomberg) — The massive data breach at Equifax Inc. is “exhibit A” on the need for strong U.S. regulation, including higher fines against companies that mishandle consumers’ personal information, second-ranking Senate Democrat Dick Durbin said Monday.
U.K. Will Offer Troops to Support EU Operations After Brexit
published Sep 11, 2017, 6:01:00 PM, by Robert Hutton (Bloomberg) — Britain will continue to offer troops to European Union operations after Brexit, as well as agreeing to joint foreign policy positions with the bloc, as part of the close relationship that Theresa May’s government is pitching for. The latest