Obamacare Taxes Aren’t Necessarily Going Away: GOP Senators
published May 9th 2017, 3:38 pm, by Sahil Kapur (Bloomberg) —Republican senators said it’s unclear whether their chamber will repeal all of the taxes imposed under Obamacare as they set aside the health-care bill passed by the House and prepare to write their own from scratch. “That’s hard to say
Texas One-Ups Trump, Vows Jail for Sanctuary City Officials
published May 8th 2017, 3:23 pm, by Laurel Calkins and Kartikay Mehrotra (Bloomberg) —Texas kicked off a court battle in giving itself power to jail local officials who provide safe harbor for undocumented immigrants, which goes further than President Donald Trump in his attempt to punish sanctuary cities. The day
Venture Capitalists Beware: Chinese Factories May Eat Your Lunch
published May 8th 2017, 4:00 pm, by Lulu Yilun Chen (Bloomberg) —For decades China’s contract manufacturers have been content mostly to churn out gadgets designed by the world’s tech companies. Now they’re going a step further — seeking out entrepreneurs and building their designs in hopes of finding the next
Equity Volatility Tumbles as Bonds Decline: Markets Wrap
published May 8th 2017, 5:26 pm, by Adam Haigh (Bloomberg) —Faith in the global economy reasserted itself, with bonds declining and U.S. stocks rising to fresh records while a gauge of volatility in the equity market tumbled to the lowest level since 1993. Asian stock-index futures signaled a mixed start
Matt Levine’s Money Stuff: Investing Stores and Libyan Bribes
published May 4th 2017, 8:31 am (Bloomberg View) — Morgan Stanley vs. Vanguard. Morgan Stanley runs investing stores across the country, and if you walk into their investing stores you will see investments on the shelves. You’ll browse around, pick out some investments that you like, maybe ask a sales associate
Senate Republicans Plan Health Bill That Keeps Some of Obamacare
published May 7th 2017, 11:43 am, by Chris Strohm and Ben Brody (Bloomberg) —Republican senators plan to write a health-care bill that could be radically different from the one passed last week by the House, including keeping some of the benefits and safeguards currently enshrined within Obamacare. The Senate’s different
How Trump Could Bring Peace to the Middle East: Noah Feldman
published May 7th 2017, 9:00 am, by Noah Feldman (Bloomberg View) —When it comes to Middle East policy, usually all roads don’t lead to Rome. But President Donald Trump has good reason to visit the pope on the same circuit as his peace mission to Israel and Saudi Arabia. Trump’s
SPORTS by Brad Weisman: Sid Can Diminish The Game
As we continue to watch the NHL playoffs we see the players just getting better. Players like Sidney Crosby, Alex Ovechkin and Conner McDavid have only made the playoffs more exciting and the game has changed. Each year the players get bigger…..faster….and stronger. The playoff games are the hardest fought
Facebook Charts a Course for Sports While Rivals Spend on Rights
published May 4th 2017, 12:26 pm, by Eben Novy-Williams (Bloomberg) —Facebook is backing away from the high-priced market for big-time sports, setting the social network apart from other digital media companies and drawing a line in the sand for the major leagues. Leagues like the NFL and Major League Baseball
Korean Vote a Sideshow for Investors Eyeing Trump And the North
published May 4th 2017, 3:00 pm, by Kyunghee Park and Jung Park (Bloomberg) —South Korea’s presidential election should usher in a period of stability for the country’s political scene — but the same can’t be said for its financial markets. Korean assets are diverging as investors look beyond the ballot