U.S. Missile Defense Looms Over Lotte Just as Debt Rises
published Jul 27th 2017, 8:46 pm, by Kyungji Cho (Bloomberg) —South Korea’s deployment of a U.S. missile-defense system has come at the worst possible time for Hotel Lotte Co., threatening a decline in Chinese business just as the firm boosts debt issuance. China restricted tour packages to South Korea from
SPORTS by Brad Weisman: Who Hits Like That at 145?
Tom had a deep voice that always seem to come out with authority. He was not mad or trying to control the situation at all. In fact, he was pretty laid back with just about everyone until he hit the field and track. I had one English class with
Oil Companies Slim Drilling Budgets as Caution Takes Hold
published Jul 27th 2017, 11:01 pm, by Alex Nussbaum (Bloomberg) —Caution lights are flashing for the oil industry. Facing lower-than-expected commodity prices, drillers from ConocoPhillips to Hess Corp. to Statoil ASA have slashed their capital spending plans in recent days, as companies lay out their plans to cope with oil
Trump Pick for Fed’s Wall Street Watchdog Plans to Ease Rules
published Jul 26th 2017, 4:45 pm, by Elizabeth Dexheimer and Jesse Hamilton (Bloomberg) —President Donald Trump’s pick to be the Federal Reserves top Wall Street watchdog said it’s time to reconsider the restrictions imposed on banks in recent years, even as he credited regulations with helping stabilize the financial system
South Korean Economy Slows From Fastest Expansion Since 2015
published Jul 26th 2017, 8:14 pm, by Jiyeun Lee (Bloomberg) —South Kora’s economic growth slowed in the second quarter as expansion in construction investment eased and export volumes fell from the previous three months. Economists said the slowdown is mostly due to a base effect from a solid first-quarter performance
Why Can’t Americans Ditch Checks?
published Jul 26th 2017, 3:00 am, by Katie Robertson (Bloomberg) —The first time Amelia Howells ever wrote a check, she was 28 years old and standing in a Connecticut apartment leasing office, with no idea what to do. The British expat had just moved to the U.S.; she’d never had
Israel Removes Detectors From Shrine in Bid to End Standoff
published Jul 25th 2017, 4:57 pm, by David Wainer and Fadwa Hodali (Bloomberg) —Israel took down metal detectors from an embattled hilltop shrine in Jerusalem’s Old City in a bid to quell violent Palestinian opposition to their presence, helping to end a diplomatic standoff with Jordan. The removal began after
Senate Panel Reaches Deal for Manafort Testimony, Drops Subpoena
published Jul 25th 2017, 7:29 pm, by Steven T. Dennis and Shannon Pettypiece (Bloomberg) —A Senate committee has reached an agreement to receive testimony from President Donald Trump’s former campaign manager Paul Manafort and is dropping a subpoena. Judiciary Committee Chairman Chuck Grassley of Iowa and ranking Democrat Dianne Feinstein
U.S. Declines to No. 17 in Global Retirement Security Ranking
published Jul 18th 2017, 11:01 pm, by Suzanne Woolley (Bloomberg) —Retirement security in the U.S. took a significant hit in a global ranking, falling three notches to No. 17 among 43 developed countries. The fifth annual Global Retirement Index ranking from Natixis Global Asset Management has Norway, Switzerland, and Iceland holding
How a 1929 Dispute Frames Temple Mount Conflict: Noah Feldman
published Jul 24th 2017, 4:56 pm, by Noah Feldman (Bloomberg View) —Given the scale of the Israeli-Palestinian conflict, it may seem strange that the latest round of violence was triggered by metal detectors. But the metal detectors in question were installed by Israel at the entrances to the Temple Mount/Haram