
How a Good Tax Reform Idea Goes Bad in Practice: Tyler Cowen
published Aug 29, 2017 1:23:25 PM, by Tyler Cowen (Bloomberg View) — As congressional Republicans turn their attention to tax reform this fall, one of the biggest debates will concern “full expensing” for corporations. There are many proposals, but the common core of this idea is to offer tax breaks

Elon Musk’s Battery Demand Boom Lifts Supplier Tanaka in Japan
(Bloomberg) —As Elon Musk pushes out from his California base to make electric vehicles ubiquitous, a company halfway around the world and deep in the depths of the battery supply chain is riding his wake. Tanaka Chemical Corp., which has a long history in developing battery materials, says it’s boosting

Asian Stocks Rebound as North Korean Fears Abate: Markets Wrap
published Aug 29, 2017 7:23:24 PM, by Andreea Papuc (Bloomberg) —Asian stocks advanced after President Donald Trump’s measured response to North Korean missile launches and comments from Kim Jong Un suggested geopolitical tensions will ease off. The yen fell for a second day. Equity indexes in Japan, South Korea and

Devotional 8/16: Those Who Stood Up and Signed Part 1
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

Prediction: Apple Predictions Will Be Very Wrong Again: Gadfly
published Jul 19, 2017 11:43:41 AM, by Shira Ovide (Bloomberg Gadfly) —It’s the silly season for financial predictions about Apple Inc. With history as our guide, it is folly to place much faith in them. Nearly every day brings deeply researched reports from stock analysts on their Apple sales forecasts.

Trump Pledges Harvey Aid With Congress Pressured to Speed Relief
published Aug 28, 2017 3:59:30 PM, by Erik Wasson and Jennifer Epstein (Bloomberg) — President Donald Trump said that he expects Congress to swiftly pass emergency disaster funding to respond to Hurricane Harvey in Texas, even as signs of a political fight over the money began to emerge. “You’re going

North Korea Fires Missile Over Japan in `Unprecedented’ Act
published Aug 28, 2017 6:30:42 PM, by Colin Keatinge, Lily Nonomiya and Andy Sharp (Bloomberg) — North Korea fired a ballistic missile over Japan on Tuesday, reigniting tensions after a war of words earlier this month between Pyongyang and U.S. President Donald Trump. The missile landed about 1,200 kilometers (745

Brexit Talks Should Focus on Economy, Say Business Lobby Groups
published Aug 27, 2017 6:01:00 PM, by Emma Charlton (Bloomberg) —Brexit negotiators reconvening in Brussels should focus on the economy on both sides, the British Chambers of Commerce and the Association of German Chambers of Commerce said. The two lobby groups on Monday called for clarity and certainty as the

Gasoline Surges, Oil Steady as Harvey Shuts Texas Refineries
published Aug 27, 2017 5:19:41 PM, by Jessica Summers (Bloomberg) —Gasoline surged and oil was steady as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of U.S. fuel-making capacity. Front-month gasoline futures jumped as much as 6.8 percent while oil added

S&P 500 Futures Pare Drop as Harvey’s Impact on Industries Eyed
published Aug 27, 2017 6:00:59 PM, by Oliver Renick and Lu Wang (Bloomberg) — Futures on American equity indexes were little changed, paring earlier losses, as investors waited to gauge consequences for stocks and industries from the strongest storm to hit the U.S. since 2004. September contracts on the S&P