published Aug 24, 2017, 5:32:16 PM, by Brendan Coffey and Jack Witzig (Bloomberg) —The equity  rally propelling global asset values higher this year is once again turning China into the world’s fastest-growing wealth machine. The fortunes of the 40 Chinese billionaires on the Bloomberg Billionaires Index have surged 46.8 percent since

published Aug 24, 2017, 4:48:35 AM, by Alfred Cang (Bloomberg) —If an episode of Game of Thrones seems to go too quickly, consider the lifespan of a ferrosilicon contract on China’s Zhengzhou Commodity Exchange. Trading in futures of the alloy used to harden steel exploded this week, with the average

published Aug 24, 2017, 6:38:44 AM, by Robert Hutton (Bloomberg) —Britain risks damaging crucial parts of its technology industry unless it can secure an unprecedented deal with the European Union on data exchange after Brexit, according to a government paper published Thursday. The document made clear that Britain’s aim in this area

published Aug 22, 2017, 6:00:13 AM, by Noah Smith (Bloomberg View) —David Neumark, an economist at the University of California-Irvine, could safely be called a minimum-wage skeptic. Neumark has written a number of papers on the topic, all of which have found that minimum wages reduce employment by substantial amounts.

published Aug 22, 2017, 5:49:08 PM, by Tom Schoenberg, Greg Farrell and Joe Sobczyk (Bloomberg) —The U.S. tightened its financial restrictions on North Korea, slapping sanctions on Chinese and Russian entities it accused of assisting Pyongyang’s development of nuclear weapons and ballistic missiles. It’s also seeking millions of dollars it said

published Aug 15, 2017, 3:25:05 PM, by Nathan Howard (Bloomberg) —Lawmakers are raising alarm over whether the 2020 U.S. Census will be complete and accurate due to a lack of funding and leadership. Thirty-two Democrats sent a letter on Tuesday to Commerce Secretary Wilbur Ross, whose department houses the Census

published Aug 21, 2017 5:00:00 PM, by Archana Chaudhary and Santosh Kumar (Bloomberg) — A giant cyberattack that crippled India’s largest container port in June provided a costly wake up call for a country determined to digitize its mostly-informal $2 trillion economy. As the scale of the attack became clear,

published Aug 21, 2017 8:37:31 PM, by Bloomberg News (Bloomberg) — In the latest sign that China is regaining control of outflows and confidence in market stability, talk of a plan to expand individuals’ investment options abroad is gaining new momentum two years after turmoil and capital flight led authorities

Though he never served as President, Benjamin Franklin was obviously a Founding Father. Many atheists love Franklin because he could never be considered a “religious person” in that he eschewed organized religion and could even be considered a Enlightenment Rationalist. He also was a member of the Hellfire club and

published Aug 21, 2017 12:00:10 PM, by Rebecca Greenfield (Bloomberg) — There aren’t supposed to be Nazis in the office. A human resource department in corporate America would be highly unlikely to sit back while an employee displayed swastikas on his desk or espoused ideas about racial superiority at the coffee machine. Outside