published Apr 20th 2017, 3:16 pm, by Tyler Cowen (Bloomberg View) — Inequality, of income or wealth, is one of the most frequently invoked ideas in policy discussions today. Yet a study of the concept reveals uncomfortable truths, namely that most Americans don’t mind inequality nearly as much as pundits

published Apr 20th 2017, 3:33 pm, by Margaret Talev and Toluse Olorunnipa (Bloomberg) —President Donald Trump said he has “absolute confidence” that Chinese President Xi Jinping will work “very, very hard” to defuse rising tensions North Korea has stirred through nuclear and missile tests. Trump, speaking at the White House

published Apr 20th 2017, 4:00 pm, by Lynnley Browning and Saleha Mohsin (Bloomberg) —The Trump administration is aiming to complete the biggest overhaul of the tax code since President Ronald Reagan by the end of the year, even if a second attempt to repeal the Affordable Care Act fails, according

published Apr 20th 2017, 3:46 pm, by Ryan Beene and Dana Hull (Bloomberg) —Tesla Inc. recalled nearly two-thirds of the vehicles it made last year to replace faulty electronic parking brakes that may not release properly, marking its second-largest recall to date. About 53,000 Model S and Model X vehicles

published Apr 19th 2017, 4:07 pm, by Eric Roston (Bloomberg) —When nations gathered in Cancún for the annual United Nations climate talks in 2010, Felipe Calderón, then Mexico’s president, memorably likened the process to a stricken airplane or “a truck on a winding road, and the driver has a heart

published Apr 19th 2017, 12:03 pm, by Liam Denning (Bloomberg Gadfly) —The most striking aspect of the energy sector in recent weeks has been an all-round lack of confidence. Relative to the wider market, the E&P sector’s performance this month looks even worse given that the S&P 500 is essentially

published Apr 19th 2017, 6:39 pm, by Megan McArdle (Bloomberg View) —Revolutions come not all at once, but in tiptoe steps. Especially the bloodless ones, of course, but even rivers of blood will not convert the rest of the population instantly to the revolutionary’s command. Just think how long it

published Apr 18th 2017, 9:18 am, by Conor Sen (Bloomberg View) — Amazon and Wal-Mart might once have existed in parallel universes, but these days they’re in a price war. Both giants are now seeking to make acquisitions to compete on the other’s turf. Amazon.com Inc. is going to have

published Apr 18th 2017, 3:46 pm, by Margaret Talev (Bloomberg) — President Donald Trump dove straight into a trade fight with Canada, promising U.S. dairy farmers his administration would intervene to restore exports of American milk. Trump on Tuesday responded to appeals for help from the dairy industry during an

published Apr 18th 2017, 4:00 pm, by Olga Tanas (Bloomberg) —The vast pool of labor across Russia’s porous borders is relieving strains in the labor market, helping drain the economy of inflationary pressure as it accelerates after almost two years of recession. A steady flow of arrivals has continued even