Mnuchin Says U.S. Can Pay Bills Through Congress Summer Break
published Jun 12th 2017, 4:37 pm, by Saleha Mohsin (Bloomberg) —U.S. Treasury Secretary Steven Mnuchin said he’s “comfortable” the government can be funded until the start of September even as he urged Congress to lift the debt cap as quickly as possible to avoid agitating markets. The administration has “back-up
Trump’s Offshore Tax Plan May Mean Perk for Apple, Pfizer
published Jun 12th 2017, 5:01 pm, by Lynnley Browning (Bloomberg) — Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on U.S. companies’ stockpiled overseas earnings, but a select few would do better than others. Apple Inc. and Pfizer Inc. may enjoy
Airbnb Gets Green Light in Japan With Home-Sharing Law’s Passage
published Jun 8th 2017, 11:21 pm, by Pavel Alpeyev (Bloomberg) —Airbnb Inc. will now be able to operate in Japan without the risk of running into regulatory hurdles after the government passed a law that sets out rules for home sharing. Japan’s upper house passed a legislative bill on Friday
Graham Predicts New Russia Sanctions, Warns Trump Against Veto
published Jun 11th 2017, 12:15 pm, by Mark Niquette and James Rowley (Bloomberg) —The Senate is expected to vote this week on a measure to punish Russia with sanctions for interfering in the 2016 presidential election, and President Donald Trump would be “betraying democracy” if he vetoes it, Senator Lindsey
U.S. to Join Climate Communique Showing Splits, Germany Says
published Jun 11th 2017, 4:43 pm, by Chiara Albanese and Brian Parkin (Bloomberg) —The U.S. will join other Group of Seven nations in a communique at the end of a two-day climate meeting in Italy that will acknowledge points of disagreement, a top German official said. Environment Minister Barbara Hendricks
Why Sacrifices by the Rich Won’t Fix Social Welfare: Tyler Cowen
published Jun 8th 2017, 12:59 pm, by Tyler Cowen (Bloomberg View) —Perhaps the most common policy argument I see is that the government ought to channel more resources to lower-income Americans, and finance this transfer by raising taxes on the wealthy. This argument is seductive, because so often it seems
Oil Snoozes While Mideast Smolders as Glut Keeps Price in Check
published Jun 8th 2017, 6:01 pm, by Javier Blas and Grant Smith (Bloomberg) — Qatar and Saudi Arabia square off in a major diplomatic feud. Suicide bombers strike at the heart of the Iranian capital. Kurdistan moves toward independence, and war rages on in Syria and Yemen. And in the
Pound Drops as U.K. Exit Poll Unnerves Investors: Markets Wrap
published Jun 8th 2017, 7:19 pm, by Jeremy Herron and Adam Haigh (Bloomberg) —The pound tumbled the most since January after an exit poll showing the U.K. faces a hung parliament left the nation’s course unclear as it contends with exiting the European Union. The reaction in other financial markets
North Korea Tests Short-Range Missiles as Moon Halts Shield
published Jun 7th 2017, 9:02 pm, by Seyoon Kim and Shinhye Kang (Bloomberg) —North Korea launched a series of short-range missiles early Thursday that appeared to be designed to attack ships, the latest provocation by Kim Jong Un’s isolated regime. South Korea’s Joint Chiefs of Staff said the rockets —
If Mexico’s Ruling Party Can’t Win Here, It’s Probably Doomed
published May 26th 2017, 9:11 am, by Nacha Cattan (Bloomberg) — Walk through the town of Atlacomulco and you’re quite likely to bump into a relative of a Mexican president or a schoolmate of a state governor, possibly on a street named after one of them. The hometown of so many big